Benefit Street Partners Portfolio holdings

Benefit Street Partners's Q2 2022 Portfolio in Review

As of Q2 2022, Benefit Street Partners held 32 positions worth $168M, down 69% from $540M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Benefit Street Partners withdrew a net $328M in Q2 2022, closing 15 positions and reducing 4 holdings. Its most notable exit was Comstock Resources, an estimated $5.84M position sold in full.

By sector, the portfolio is most concentrated in Energy at 35% of assets, up from 26% a quarter earlier, followed by Materials and Consumer Discretionary.

Against the trend, Benefit Street Partners opened a new position in Frontier Communications worth $13M.

• Benefit Street Partners's largest Q2 2022 buy was Frontier Communications: 553,709 shares worth $13M.
• Benefit Street Partners added most to Casa Systems, Inc. Common Stock in Q2 2022, an estimated $2.18M increase.
• Benefit Street Partners's biggest Q2 2022 reduction was Berry Corp, cutting an estimated $61.6M.
• Benefit Street Partners fully exited Comstock Resources in Q2 2022, selling an estimated $5.84M.
• Benefit Street Partners's ten largest holdings make up 96% of its $168M portfolio in Q2 2022.
• Benefit Street Partners opened 4 new positions and closed 15 in Q2 2022.
• Benefit Street Partners's portfolio value fell 69% quarter-over-quarter to $168M.

Based on Benefit Street Partners's 13F filing for Q2 2022, filed 27 Jul 2022.