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BHR Capital Portfolio holdings
AUM
$48.6M
Turnover
44.44%
1-Year Est. Return
3.78%
This Fund
S&P 500
This Quarter
Est. Return
-6.13%
1 Year Est. Return
+3.78%
3 Year Est. Return
-5.89%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$100M
AUM Growth
-$83.4M
(-45%)
Cap. Flow
-$65.7M
Cap. Flow
% of AUM
-65.48%
Top 10 Holdings %
Top 10 Hldgs %
74.47%
Holding
25
New
7
Increased
1
Reduced
12
Closed
5
Avg Time Held Equity + Options
1.1
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
0.9
years
Avg Time Held Equity only
1.1
years
Top 10 Avg Time Held Equity only
0.8
years
Top 20 Avg Time Held Equity only
0.9
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RAX
Rackspace Hosting Inc
RAX
|
+$9.11M |
| 2 |
Turning Point Brands
TPB
|
+$4.93M |
| 3 |
Atlanta Braves Holdings Series A
BATRA
|
+$4.31M |
| 4 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$3.8M |
| 5 |
CETV
Central European Media Enterprises Ltd
CETV
|
+$1.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Broadband Class C
LBRDK
|
+$17.5M |
| 2 |
NGHC
National General Holdings Corp
NGHC
|
+$10.8M |
| 3 |
Golar LNG
GLNG
|
+$9.78M |
| 4 |
Ally Financial
ALLY
|
+$8.08M |
| 5 |
Frontline
FRO
|
+$7.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 23.9% |
| 2 | Communication Services | 20.37% |
| 3 | Industrials | 19.17% |
| 4 | Energy | 13.9% |
| 5 | Technology | 8.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Overseas Shipholding Group Inc.
OSG
| $15.1M | 15.01% |
1,371,083
-323,426
| -19% | -$3.74M |
2015 Q4
2 quarters
|
|
|
2
Golar LNG
GLNG
$4.7B
| $13.9M | 13.9% |
900,000
-549,228
| -38% | -$9.78M |
2013 Q2
12 quarters
|
|
|
RAX
3
DELISTED
Rackspace Hosting Inc
RAX
| $8.13M | 8.1% |
+390,000
| New | +$9.11M |
2016 Q2
0 quarters
|
|
|
4
DELISTED
Liberty Broadband Class C
LBRDK
| $6M | 5.98% |
100,000
-300,000
| -75% | -$17.5M |
2014 Q4
6 quarters
|
|
5
Liberty Latin America Class C
LILAK
$1.57B
| $5.69M | 5.66% |
204,435
-29,205
| -13% | -$969K |
2015 Q3
3 quarters
|
|
6
DELISTED
Gramercy Property Trust
GPT
| $5.56M | 5.54% |
201,067
-132,266
| -40% | -$3.48M |
2014 Q1
9 quarters
|
|
7
Ashford Hospitality Trust
AHT
$12M
| $5.16M | 5.14% |
972
-942
| -49% | -$5.11M |
2014 Q1
9 quarters
|
|
|
8
Turning Point Brands
TPB
$1.16B
| $5.13M | 5.12% |
+500,000
| New | +$4.93M |
2016 Q2
0 quarters
|
|
|
9
Ally Financial
ALLY
$11.2B
| $5.12M | 5.1% |
300,000
-467,476
| -61% | -$8.08M |
2014 Q2
8 quarters
|
|
10
Century Communities
CCS
$1.53B
| $4.94M | 4.92% |
284,807
-141,062
| -33% | -$2.49M |
2014 Q3
7 quarters
|
|
|
CETV
11
DELISTED
Central European Media Enterprises Ltd
CETV
| $4.55M | 4.53% |
2,156,453
+477,288
| +28% | +$1.19M |
2014 Q1
9 quarters
|
|
|
12
Atlanta Braves Holdings Series A
BATRA
$3.54B
| $4.21M | 4.2% |
+280,000
| New | +$4.31M |
2016 Q2
0 quarters
|
|
13
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $4.17M | 4.15% |
500,000
-723,537
| -59% | -$6.88M |
2013 Q2
12 quarters
|
|
|
LVNTA
14
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $3.71M | 3.69% |
+100,000
| New | +$3.8M |
2016 Q2
0 quarters
|
|
|
CLNY
15
DELISTED
Colony Capital, Inc.
CLNY
| $3.65M | 3.63% |
237,650
-279,770
| -54% | -$4.86M |
2015 Q1
5 quarters
|
|
|
SNR
16
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $2.14M | 2.13% |
200,000
-31,070
| -13% | -$331K |
2015 Q1
5 quarters
|
|
17
Four Corners Property Trust
FCPT
$2.35B
| $1.07M | 1.07% |
+52,222
| New | +$988K |
2016 Q2
0 quarters
|
|
18
Chiron Real Estate Inc
XRN
$414M
| $1.01M | 1.01% |
+20,000
| New | +$1.01M |
2016 Q2
0 quarters
|
|
|
JRJR
19
DELISTED
JRjr33, Inc.
JRJR
| $657K | 0.65% |
729,462
-283,818
| -28% | -$287K |
2016 Q1
1 quarter
|
|
20
NexPoint Residential Trust
NXRT
$467M
| $457K | 0.46% |
+25,097
| New | +$370K |
2016 Q2
0 quarters
|
|
|
21
Frontline
FRO
$12.5B
| – | – |
-897,379
| Closed | -$7.59M | – |
|
22
Independence Realty Trust
IRT
$3.45B
| – | – |
-700,000
| Closed | -$4.98M | – |
|
|
NGHC
23
DELISTED
National General Holdings Corp
NGHC
| – | – |
-500,000
| Closed | -$10.8M | – |
|
|
STRZA
24
CALL
DELISTED
Starz - Series A
STRZA
| – | – |
-350,000
| Closed | -$9.22M | – |
|
|
SNC
25
DELISTED
State National Companies, Inc.
SNC
| – | – |
-362,734
| Closed | -$4.57M | – |
|
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BHR Capital's Q2 2016 Portfolio in Review
As of Q2 2016, BHR Capital held 25 positions worth $100M, down 45% from $184M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
BHR Capital withdrew a net $65.7M in Q2 2016, closing 5 positions and reducing 12 holdings. Its most notable exit was National General Holdings Corp, an estimated $10.8M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 24% of assets, up from 24% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, BHR Capital opened a new position in Rackspace Hosting Inc worth $8.13M.
- BHR Capital's largest Q2 2016 buy was Rackspace Hosting Inc: 390,000 shares worth $8.13M.
- BHR Capital added most to Central European Media Enterprises Ltd in Q2 2016, an estimated $1.19M increase.
- BHR Capital's biggest Q2 2016 reduction was Liberty Broadband Class C, cutting an estimated $17.5M.
- BHR Capital fully exited National General Holdings Corp in Q2 2016, selling an estimated $10.8M.
- BHR Capital's ten largest holdings make up 74% of its $100M portfolio in Q2 2016.
- BHR Capital opened 7 new positions and closed 5 in Q2 2016.
- BHR Capital's portfolio value fell 45% quarter-over-quarter to $100M.
Based on BHR Capital's 13F filing for Q2 2016, filed 15 Aug 2016.