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BCM
Bienville Capital Management Portfolio holdings
AUM
$550M
1-Year Est. Return
3.49%
This Fund
S&P 500
This Quarter
Est. Return
+1.78%
1 Year Est. Return
-3.49%
3 Year Est. Return
+22.26%
5 Year Est. Return
+37.68%
10 Year Est. Return
+234.7%
AUM
$357M
AUM Growth
-$67M
(-16%)
Cap. Flow
-$69.4M
Cap. Flow
% of AUM
-19.45%
Top 10 Holdings %
Top 10 Hldgs %
59.32%
Holding
183
New
23
Increased
47
Reduced
32
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adecoagro
AGRO
|
+$16M |
| 2 |
GREK
Global X MSCI Greece ETF
GREK
|
+$14.2M |
| 3 |
iShares Core MSCI EAFE ETF
IEFA
|
+$3.6M |
| 4 |
AZUL
Azul
AZUL
|
+$2.38M |
| 5 |
ELP
Companhia Paranaense de Energia (COPEL)
ELP
|
+$2.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Galicia Financial Group
GGAL
|
+$24.1M |
| 2 |
Telecom Argentina
TEO
|
+$20.6M |
| 3 |
Pampa Energía
PAM
|
+$19M |
| 4 |
SUPV
Grupo Supervielle
SUPV
|
+$7.23M |
| 5 |
IRS
IRSA Inversiones y Representaciones
IRS
|
+$5.93M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 15% |
| 2 | Financials | 14.44% |
| 3 | Industrials | 10.28% |
| 4 | Energy | 8.55% |
| 5 | Communication Services | 5.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Adecoagro
AGRO
$1.48B
| $48.3M | 13.52% |
4,830,738
+1,466,844
| +44% | +$16M |
|
2
PUT
Motorola Solutions
MSI
$70.3B
| $37.3M | 10.45% |
430,000
| – | – |
|
3
YPF
YPF
$20B
| $22.5M | 6.32% |
1,029,403
-205,822
| -17% | -$4.98M |
|
|
4
CALL
Adecoagro
AGRO
$1.48B
| $18M | 5.04% |
1,800,000
+1,000,000
| +125% | +$10.9M |
|
|
5
Pampa Energía
PAM
$4.61B
| $15.7M | 4.4% |
267,028
-320,364
| -55% | -$19M |
|
|
GREK
6
Global X MSCI Greece ETF
GREK
$292M
| $15.7M | 4.4% |
+517,634
| New | +$14.2M |
|
|
SUPV
7
Grupo Supervielle
SUPV
$857M
| $15M | 4.2% |
829,385
-421,528
| -34% | -$7.23M |
|
|
8
Telecom Argentina
TEO
$6.02B
| $15M | 4.19% |
590,247
-855,426
| -59% | -$20.6M |
|
9
Banco Macro
BMA
$5.89B
| $14.5M | 4.05% |
156,962
-14,948
| -9% | -$1.32M |
|
|
CRESY
10
Cresud
CRESY
$823M
| $9.81M | 2.75% |
562,093
-291,903
| -34% | -$5.33M |
|
|
11
CALL
YPF
YPF
$20B
| $8.87M | 2.48% |
404,800
-395,200
| -49% | -$9.57M |
|
12
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $7.71M | 2.16% |
148,214
+25,481
| +21% | +$1.3M |
|
13
Globe Life
GL
$13.5B
| $7M | 1.96% |
91,374
-3,139
| -3% | -$239K |
|
|
IRS
14
IRSA Inversiones y Representaciones
IRS
$1.31B
| $6.36M | 1.78% |
273,541
-248,350
| -48% | -$5.93M |
|
15
Intrepid Potash
IPI
$461M
| $5.56M | 1.56% |
246,073
-10,000
| -4% | -$210K |
|
|
16
Galicia Financial Group
GGAL
$8.03B
| $4.64M | 1.3% |
108,938
-578,556
| -84% | -$24.1M |
|
17
BBVA Argentina
BBAR
$3.92B
| $4.14M | 1.16% |
218,605
-112,419
| -34% | -$2.1M |
|
18
Apple
AAPL
$4.95T
| $4.07M | 1.14% |
112,972
+14,864
| +15% | +$550K |
|
19
iShares Russell 1000 Value ETF
IWD
$81.5B
| $3.95M | 1.11% |
33,897
-40,062
| -54% | -$4.61M |
|
|
ELP
20
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $3.73M | 1.05% |
1,265,710
+679,370
| +116% | +$2.35M |
|
21
Ternium
TX
$9.37B
| $3.73M | 1.04% |
132,746
+82,522
| +164% | +$2.11M |
|
|
ESES
22
DELISTED
Eco-Stim Energy Solutions Inc. Common Stock
ESES
| $3.72M | 1.04% |
2,979,534
| – | – |
|
|
23
iShares Core MSCI EAFE ETF
IEFA
$188B
| $3.63M | 1.02% |
+59,580
| New | +$3.6M |
|
24
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
| $3M | 0.84% |
59,892
+269
| +0.5% | +$13.3K |
|
|
NTL
25
DELISTED
Nortel Invesora 1/20 Ser B Shr
NTL
| $2.54M | 0.71% |
81,294
+21,294
| +35% | +$611K |
|
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Bienville Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Bienville Capital Management held 183 positions worth $357M, down 16% from $424M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Bienville Capital Management withdrew a net $69.4M in Q2 2017, closing 11 positions and reducing 32 holdings. Its most notable exit was iShares MSCI Brazil ETF, an estimated $4.12M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 15% of assets, up from 10% a quarter earlier, followed by Financials and Industrials.
Against the trend, Bienville Capital Management opened a new position in Global X MSCI Greece ETF worth $15.7M.
- Bienville Capital Management's largest Q2 2017 buy was Global X MSCI Greece ETF: 517,634 shares worth $15.7M.
- Bienville Capital Management added most to Adecoagro in Q2 2017, an estimated $16M increase.
- Bienville Capital Management's biggest Q2 2017 reduction was Galicia Financial Group, cutting an estimated $24.1M.
- Bienville Capital Management fully exited iShares MSCI Brazil ETF in Q2 2017, selling an estimated $4.12M.
- Bienville Capital Management's ten largest holdings make up 59% of its $357M portfolio in Q2 2017.
- Bienville Capital Management opened 23 new positions and closed 11 in Q2 2017.
- Bienville Capital Management's portfolio value fell 16% quarter-over-quarter to $357M.
Based on Bienville Capital Management's 13F filing for Q2 2017, filed 10 Aug 2017.