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BCM
Bienville Capital Management Portfolio holdings
AUM
$750M
1-Year Est. Return
2.59%
This Fund
S&P 500
This Quarter
Est. Return
+4.21%
1 Year Est. Return
-2.59%
3 Year Est. Return
+36.31%
5 Year Est. Return
+50.18%
10 Year Est. Return
+260.04%
AUM
$574M
AUM Growth
-$18M
(-3%)
Cap. Flow
+$66.8M
Cap. Flow
% of AUM
11.64%
Top 10 Holdings %
Top 10 Hldgs %
51.05%
Holding
216
New
36
Increased
54
Reduced
37
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LOMA
Loma Negra
LOMA
|
+$18.2M |
| 2 |
DESP
Despegar.com
DESP
|
+$13.1M |
| 3 |
Transportadora de Gas del Sur
TGS
|
+$11.6M |
| 4 |
Banco Bradesco
BBD
|
+$10.6M |
| 5 |
IRCP
IRSA Propiedades Comerciales S.A.
IRCP
|
+$9.44M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BBVA Argentina
BBAR
|
+$9.87M |
| 2 |
Adecoagro
AGRO
|
+$9.38M |
| 3 |
Telecom Argentina
TEO
|
+$4.5M |
| 4 |
SUPV
Grupo Supervielle
SUPV
|
+$3.85M |
| 5 |
CBD
Companhia Brasileira de Distribuicao
CBD
|
+$3.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 38.13% |
| 2 | Financials | 12.16% |
| 3 | Industrials | 11.14% |
| 4 | Energy | 10.57% |
| 5 | Materials | 8.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
SPDR Gold Trust
GLD
$147B
| $61.8M | 10.77% |
500,000
+300,000
| +150% | +$36.4M |
|
2
YPF Sociedad Anonima ADS
YPF
$21.8B
| $35.2M | 6.12% |
1,533,923
+168,572
| +12% | +$3.87M |
|
|
3
Adecoagro
AGRO
$1.68B
| $34.7M | 6.05% |
3,357,734
-934,938
| -22% | -$9.38M |
|
4
CALL
iShares MSCI Brazil ETF
EWZ
$8.59B
| $28.3M | 4.93% |
700,000
+350,000
| +100% | +$14.2M |
|
5
Pampa Energía
PAM
$4.54B
| $27.1M | 4.72% |
403,058
+13,649
| +4% | +$898K |
|
6
WisdomTree Japan Hedged Equity Fund
DXJ
$7.13B
| $26.1M | 4.55% |
440,708
+75,703
| +21% | +$4.37M |
|
7
CALL
GE Aerospace
GE
$330B
| $21.4M | 3.73% |
+256,446
| New | +$24.5M |
|
|
SUPV
8
Grupo Supervielle
SUPV
$736M
| $19.8M | 3.45% |
674,924
-145,120
| -18% | -$3.85M |
|
|
GREK
9
Global X MSCI Greece ETF
GREK
$346M
| $19.6M | 3.41% |
622,716
-27,200
| -4% | -$763K |
|
|
LOMA
10
Loma Negra
LOMA
$1.13B
| $19.1M | 3.32% |
+827,451
| New | +$18.2M |
|
|
DESP
11
DELISTED
Despegar.com
DESP
| $16.5M | 2.88% |
601,513
+456,146
| +314% | +$13.1M |
|
12
Banco Macro
BMA
$4.93B
| $14.6M | 2.54% |
125,674
-27,598
| -18% | -$3.23M |
|
|
AZUL
13
DELISTED
Azul
AZUL
| $13.4M | 2.34% |
563,894
+305,863
| +119% | +$7.82M |
|
|
14
CALL
YPF Sociedad Anonima ADS
YPF
$21.8B
| $12.7M | 2.21% |
554,800
+150,000
| +37% | +$3.44M |
|
|
15
Transportadora de Gas del Sur
TGS
$4.41B
| $12M | 2.09% |
+560,267
| New | +$11.6M |
|
|
GREK
16
CALL
Global X MSCI Greece ETF
GREK
$346M
| $10.9M | 1.9% |
+353,500
| New | +$9.92M |
|
|
17
Banco Bradesco
BBD
$36.8B
| $10.4M | 1.81% |
+1,772,465
| New | +$10.6M |
|
18
Intrepid Potash
IPI
$522M
| $9.95M | 1.73% |
208,991
-37,082
| -15% | -$1.45M |
|
|
CRESY
19
Cresud
CRESY
$852M
| $9.46M | 1.65% |
476,989
-85,104
| -15% | -$1.59M |
|
|
20
BBVA Argentina
BBAR
$3B
| $9.37M | 1.63% |
371,978
-446,627
| -55% | -$9.87M |
|
|
IRCP
21
DELISTED
IRSA Propiedades Comerciales S.A.
IRCP
| $9.27M | 1.61% |
+704,654
| New | +$9.44M |
|
22
Vale
VALE
$61.2B
| $9.09M | 1.58% |
743,554
+541,072
| +267% | +$5.74M |
|
|
ESES
23
DELISTED
Eco-Stim Energy Solutions Inc. Common Stock
ESES
| $8.29M | 1.44% |
6,578,149
+399,888
| +6% | +$564K |
|
24
Globe Life
GL
$13.5B
| $8.27M | 1.44% |
91,158
| – | – |
|
|
IRS
25
IRSA Inversiones y Representaciones
IRS
$1.31B
| $7.72M | 1.34% |
270,888
-2,653
| -1% | -$71.9K |
|
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Bienville Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Bienville Capital Management held 216 positions worth $574M, down 3% from $592M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Bienville Capital Management deployed $66.8M of net new capital in Q4 2017, opening 36 new positions and adding to 54 existing holdings. Its largest new stake was Loma Negra: 827,451 shares worth $19.1M.
By sector, the portfolio is most concentrated in Miscellaneous at 38% of assets, down from 50% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was BBVA Argentina, an estimated $9.87M trimmed.
- Bienville Capital Management's largest Q4 2017 buy was Loma Negra: 827,451 shares worth $19.1M.
- Bienville Capital Management added most to Despegar.com in Q4 2017, an estimated $13.1M increase.
- Bienville Capital Management's biggest Q4 2017 reduction was BBVA Argentina, cutting an estimated $9.87M.
- Bienville Capital Management fully exited Telecom Argentina in Q4 2017, selling an estimated $4.5M.
- Bienville Capital Management's ten largest holdings make up 51% of its $574M portfolio in Q4 2017.
- Bienville Capital Management opened 36 new positions and closed 16 in Q4 2017.
- Bienville Capital Management's portfolio value fell 3% quarter-over-quarter to $574M.
Based on Bienville Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.