Benefit Street Partners Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRY
Berry Corp
BRY
|
+$277M |
| 2 |
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
|
+$24.4M |
| 3 |
CCRN
Cross Country Healthcare
CCRN
|
+$13.7M |
| 4 |
MDR
McDermott International
MDR
|
+$11.5M |
| 5 |
T-Mobile US
TMUS
|
+$7.86M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Element Solutions
ESI
|
+$10.4M |
| 2 |
NIHD
NII Holdings, Inc. Common Stock
NIHD
|
+$9.67M |
| 3 |
WPXP
WPX Energy, Inc.
WPXP
|
+$7.52M |
| 4 |
AVYA
Avaya Holdings Corp. Common Stock
AVYA
|
+$5.3M |
| 5 |
HRG
HRG Group, Inc.
HRG
|
+$4.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 27% |
| 2 | Technology | 4.7% |
| 3 | Communication Services | 3.51% |
| 4 | Industrials | 1.27% |
| 5 | Utilities | 0.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Element Solutions
ESI
$8.95B
| – | – |
-892,506
| Closed | -$10.4M |
|
27
Option Care Health
OPCH
$3.45B
| – | – |
-89,820
| Closed | -$1.05M |
|
28
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.65B
| – | – |
-625,000
| Closed | -$108M |
|
|
CPE
29
DELISTED
Callon Petroleum Company
CPE
| – | – |
-16,258
| Closed | -$1.75M |
|
|
WPXP
30
DELISTED
WPX Energy, Inc.
WPXP
| – | – |
-99,000
| Closed | -$7.52M |
|
|
HRG
31
DELISTED
HRG Group, Inc.
HRG
| – | – |
-381,425
| Closed | -$4.99M |
|
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Benefit Street Partners's Q3 2018 Portfolio in Review
As of Q3 2018, Benefit Street Partners held 39 positions worth $1.42B, up 195% from $481M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Benefit Street Partners deployed $711M of net new capital in Q3 2018, opening 9 new positions and adding to 8 existing holdings. Its largest new stake was Berry Corp: 18,588,691 shares worth $328M.
By sector, the portfolio is most concentrated in Energy at 27% of assets, up from 11% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was NII Holdings, Inc. Common Stock, an estimated $9.67M trimmed.
- Benefit Street Partners's largest Q3 2018 buy was Berry Corp: 18,588,691 shares worth $328M.
- Benefit Street Partners added most to Cheniere Energy in Q3 2018, an estimated $6.44M increase.
- Benefit Street Partners's biggest Q3 2018 reduction was NII Holdings, Inc. Common Stock, cutting an estimated $9.67M.
- Benefit Street Partners fully exited Element Solutions in Q3 2018, selling an estimated $10.4M.
- Benefit Street Partners's ten largest holdings make up 91% of its $1.42B portfolio in Q3 2018.
- Benefit Street Partners opened 9 new positions and closed 7 in Q3 2018.
- Benefit Street Partners's portfolio value rose 195% quarter-over-quarter to $1.42B.
Based on Benefit Street Partners's 13F filing for Q3 2018, filed 14 Nov 2018.