Benefit Street Partners Portfolio holdings

Benefit Street Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Benefit Street Partners held 34 positions worth $403M, down 63% from $1.1B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Benefit Street Partners withdrew a net $671M in Q3 2019, closing 8 positions and reducing 6 holdings. Its most notable exit was FerroAtlántica, an estimated $317K position sold in full.

By sector, the portfolio is most concentrated in Energy at 50% of assets, up from 20% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Benefit Street Partners opened a new position in iHeartMedia worth $18.3M.

• Benefit Street Partners's largest Q3 2019 buy was iHeartMedia: 1,223,059 shares worth $18.3M.
• Benefit Street Partners added most to Pioneer Natural Resource Co. in Q3 2019, an estimated $4.63M increase.
• Benefit Street Partners's biggest Q3 2019 reduction was OI S.A. American Depositary Shares, each representing five shares of common stock, cutting an estimated $6.08M.
• Benefit Street Partners fully exited FerroAtlántica in Q3 2019, selling an estimated $317K.
• Benefit Street Partners's ten largest holdings make up 84% of its $403M portfolio in Q3 2019.
• Benefit Street Partners opened 3 new positions and closed 8 in Q3 2019.
• Benefit Street Partners's portfolio value fell 63% quarter-over-quarter to $403M.

Based on Benefit Street Partners's 13F filing for Q3 2019, filed 14 Nov 2019.