Benefit Street Partners Portfolio holdings

Benefit Street Partners's Q1 2021 Portfolio in Review

As of Q1 2021, Benefit Street Partners held 48 positions worth $704M, up 2.3% from $688M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Benefit Street Partners withdrew a net $50M in Q1 2021, closing 5 positions and reducing 7 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $11.2M position sold in full.

By sector, the portfolio is most concentrated in Energy at 15% of assets, up from 12% a quarter earlier, followed by Materials and Communication Services.

Against the trend, Benefit Street Partners opened a new position in Devon Energy worth $8.93M.

• Benefit Street Partners's largest Q1 2021 buy was Devon Energy: 408,472 shares worth $8.93M.
• Benefit Street Partners added most to Casa Systems, Inc. Common Stock in Q1 2021, an estimated $3.51M increase.
• Benefit Street Partners's biggest Q1 2021 reduction was Welbilt, Inc., cutting an estimated $5.34M.
• Benefit Street Partners fully exited Pioneer Natural Resource Co. in Q1 2021, selling an estimated $11.2M.
• Benefit Street Partners's ten largest holdings make up 92% of its $704M portfolio in Q1 2021.
• Benefit Street Partners opened 11 new positions and closed 5 in Q1 2021.
• Benefit Street Partners's portfolio value rose 2.3% quarter-over-quarter to $704M.

Based on Benefit Street Partners's 13F filing for Q1 2021, filed 17 May 2021.