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BSP

Benefit Street Partners Portfolio holdings

AUM $69.6M
This Fund
S&P 500
This Quarter Est. Return
+1.32%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$174M
AUM Growth
-$51.5M
Cap. Flow
-$153M
Cap. Flow %
-88%
Top 10 Hldgs %
92.34%
Holding
29
New
6
Increased
1
Reduced
5
Closed
10

Top Buys

Rank Stock Value
1
THC icon
Tenet Healthcare
THC
+$5.4M
2
EGLE
Eagle Bulk Shipping Inc.
EGLE
+$3.41M
3
SN
Sanchez Energy Corporation
SN
+$2.03M
4
FRTA
Forterra, Inc
FRTA
+$1.82M
5
WFT
Weatherford International plc
WFT
+$761K

Top Sells

Rank Stock Value
1
CCRN
Cross Country Healthcare
CCRN
+$19.9M
2
CLR
CONTINENTAL RESOURCES INC.
CLR
+$9.38M
3
PTEN icon
Patterson-UTI
PTEN
+$5.16M
4
VATE icon
INNOVATE Corp
VATE
+$4.63M
5
LNG icon
Cheniere Energy
LNG
+$4.63M

Sector Composition

Rank Sector Weight
1 Energy 17.36%
2 Utilities 4.6%
3 Industrials 4.34%
4 Healthcare 3.01%
5 Communication Services 1.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SD icon
1
SandRidge Energy
SD
$510M
$19.8M 11.4%
986,343
-50,649
-5% -$939K
VST icon
2
Vistra
VST
$55.1B
$7.99M 4.6%
427,448
-16,347
-4% -$282K
CPE
3
DELISTED
Callon Petroleum Company
CPE
$6.8M 3.91%
60,534
-1,566
-3% -$167K
THC icon
4
Tenet Healthcare
THC
$20.1B
$5.23M 3.01%
+318,579
New +$5.4M
HRG
5
DELISTED
HRG Group, Inc.
HRG
$4.15M 2.39%
265,867
– –
WPXP
6
DELISTED
WPX Energy, Inc.
WPXP
$3.83M 2.2%
72,000
– –
EGLE
7
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$3.4M 1.96%
+107,143
New +$3.41M
WPX
8
DELISTED
WPX Energy, Inc.
WPX
$2.88M 1.65%
250,000
-200,000
-44% -$2.05M
SN
9
DELISTED
Sanchez Energy Corporation
SN
$2.33M 1.34%
483,859
+396,185
+452% +$2.03M
NIHD
10
DELISTED
NII Holdings, Inc. Common Stock
NIHD
$1.46M 0.84%
3,167,001
-47,914
-1% -$28.2K
FRTA
11
DELISTED
Forterra, Inc
FRTA
$1.35M 0.78%
+300,000
New +$1.82M
WFT
12
DELISTED
Weatherford International plc
WFT
$844K 0.49%
+184,215
New +$761K
HMHC
13
DELISTED
Houghton Mifflin Harcourt Company
HMHC
$494K 0.28%
40,997
– –
SXE
14
DELISTED
Southcross Energy Partners, L.P.
SXE
$384K 0.22%
+591
New +$1.51K
UNIT
15
PUT
Uniti Group
UNIT
$2.63B
$176K 0.1%
+159,700
New +$3.37M
CCRN
16
DELISTED
Cross Country Healthcare
CCRN
– –
-1,544,440
Closed -$19.9M
FANG icon
17
Diamondback Energy
FANG
$57.6B
– –
-40,000
Closed -$3.55M
LNG icon
18
Cheniere Energy
LNG
$56.5B
– –
-95,000
Closed -$4.63M
PTEN icon
19
Patterson-UTI
PTEN
$3.87B
– –
-255,528
Closed -$5.16M
RYZ
20
Ryerson Holding Corp
RYZ
$1.6B
– –
-200,000
Closed -$1.98M
SPY icon
21
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
– –
-1,460,000
Closed -$3.69M
VATE icon
22
INNOVATE Corp
VATE
$114M
– –
-78,782
Closed -$4.63M
XOP icon
23
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
– –
-34,766
Closed -$4.44M
CLR
24
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-290,000
Closed -$9.38M
AKS
25
DELISTED
AK Steel Holding Corp
AKS
– –
-610,000
Closed -$4.01M

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CCM
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FWA
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FCI
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HB
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SCH
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Benefit Street Partners's Q3 2017 Portfolio in Review

As of Q3 2017, Benefit Street Partners held 29 positions worth $174M, down 23% from $225M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Benefit Street Partners withdrew a net $153M in Q3 2017, closing 10 positions and reducing 5 holdings. Its most notable exit was Cross Country Healthcare, an estimated $19.9M position sold in full.

By sector, the portfolio is most concentrated in Energy at 17% of assets, up from 17% a quarter earlier, followed by Utilities and Industrials.

Against the trend, Benefit Street Partners opened a new position in Tenet Healthcare worth $5.23M.

  • Benefit Street Partners's largest Q3 2017 buy was Tenet Healthcare: 318,579 shares worth $5.23M.
  • Benefit Street Partners added most to Sanchez Energy Corporation in Q3 2017, an estimated $2.03M increase.
  • Benefit Street Partners's biggest Q3 2017 reduction was WPX Energy, Inc., cutting an estimated $2.05M.
  • Benefit Street Partners fully exited Cross Country Healthcare in Q3 2017, selling an estimated $19.9M.
  • Benefit Street Partners's ten largest holdings make up 92% of its $174M portfolio in Q3 2017.
  • Benefit Street Partners opened 6 new positions and closed 10 in Q3 2017.
  • Benefit Street Partners's portfolio value fell 23% quarter-over-quarter to $174M.

Based on Benefit Street Partners's 13F filing for Q3 2017, filed 14 Nov 2017.