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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
+8.63%
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
$828M
AUM Growth
-$65.9M
(-7.4%)
Cap. Flow
-$107M
Cap. Flow
% of AUM
-12.92%
Top 10 Holdings %
Top 10 Hldgs %
71.74%
Holding
242
New
63
Increased
66
Reduced
42
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cameco
CCJ
|
+$7.38M |
| 2 |
RSX
VanEck Russia ETF
RSX
|
+$4.7M |
| 3 |
Galicia Financial Group
GGAL
|
+$4.06M |
| 4 |
LOMA
Loma Negra
LOMA
|
+$3.94M |
| 5 |
iShares MSCI Europe Financials ETF
EUFN
|
+$3.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Indonesia ETF
EIDO
|
+$13.7M |
| 2 |
Pampa Energía
PAM
|
+$10.6M |
| 3 |
Telecom Argentina
TEO
|
+$7.47M |
| 4 |
SUPV
Grupo Supervielle
SUPV
|
+$5.23M |
| 5 |
Banco Macro
BMA
|
+$3.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 4.9% |
| 2 | Financials | 3.59% |
| 3 | Industrials | 2.94% |
| 4 | Technology | 1.67% |
| 5 | Materials | 1.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $176M | 21.23% |
600,000
+400,000
| +200% | +$115M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $176M | 21.23% |
600,000
-520,000
| -46% | -$150M |
|
3
CALL
iShares Silver Trust
SLV
$27.7B
| $66.9M | 8.08% |
4,669,500
-698,800
| -13% | -$9.76M |
|
4
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
| $39.8M | 4.81% |
+300,000
| New | +$38.1M |
|
5
PUT
MSCI
MSCI
$42.4B
| $38.6M | 4.67% |
+161,800
| New | +$36.3M |
|
|
GREK
6
PUT
Global X MSCI Greece ETF
GREK
$293M
| $24M | 2.9% |
+838,133
| New | +$21.7M |
|
|
GREK
7
Global X MSCI Greece ETF
GREK
$293M
| $22.6M | 2.74% |
786,712
-80,702
| -9% | -$2.09M |
|
8
CALL
iShares MSCI Brazil ETF
EWZ
$8.98B
| $21.9M | 2.64% |
500,000
+250,000
| +100% | +$10.3M |
|
|
9
Cameco
CCJ
$36.8B
| $15.1M | 1.82% |
1,406,260
+685,530
| +95% | +$7.38M |
|
|
RSX
10
DELISTED
VanEck Russia ETF
RSX
| $13.4M | 1.62% |
568,460
+214,884
| +61% | +$4.7M |
|
|
11
CALL
Galicia Financial Group
GGAL
$7.89B
| $12.4M | 1.5% |
350,000
+159,400
| +84% | +$4.27M |
|
|
12
CALL
Cameco
CCJ
$36.8B
| $11.9M | 1.44% |
1,110,600
-376,400
| -25% | -$4.05M |
|
13
Invesco DB Commodity Index Tracking Fund
DBC
$1.69B
| $10.2M | 1.23% |
646,706
-8,413
| -1% | -$133K |
|
14
CALL
YPF
YPF
$19.7B
| $9.85M | 1.19% |
+541,100
| New | +$8.33M |
|
15
Transportadora de Gas del Sur
TGS
$4.48B
| $9.09M | 1.1% |
652,871
-285,972
| -30% | -$3.44M |
|
|
16
Pampa Energía
PAM
$4.57B
| $9.03M | 1.09% |
260,333
-406,925
| -61% | -$10.6M |
|
17
CALL
The Mosaic Company
MOS
$7.19B
| $8.78M | 1.06% |
+350,800
| New | +$8.56M |
|
|
18
CALL
Pampa Energía
PAM
$4.57B
| $8.67M | 1.05% |
+250,000
| New | +$6.53M |
|
19
CALL
Dillards
DDS
$9.2B
| $7.65M | 0.92% |
+122,800
| New | +$7.9M |
|
|
SUPV
20
Grupo Supervielle
SUPV
$823M
| $6.27M | 0.76% |
796,054
-855,487
| -52% | -$5.23M |
|
21
NexGen Energy
NXE
$5.91B
| $6.25M | 0.76% |
3,983,128
+2,034,353
| +104% | +$3.16M |
|
|
22
YPF
YPF
$19.7B
| $6.18M | 0.75% |
339,378
-211,191
| -38% | -$3.25M |
|
|
23
Galicia Financial Group
GGAL
$7.89B
| $5.38M | 0.65% |
151,665
+151,300
| +41,452% | +$4.06M |
|
24
Corporacion America
CAAP
$4.17B
| $4.93M | 0.6% |
611,345
-125,574
| -17% | -$977K |
|
25
CALL
BBVA Argentina
BBAR
$3.85B
| $4.62M | 0.56% |
+408,100
| New | +$3.81M |
|
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AMG
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WCP
TC
Bienville Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Bienville Capital Management held 242 positions worth $828M, down 7.4% from $894M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Bienville Capital Management withdrew a net $107M in Q2 2019, closing 23 positions and reducing 42 holdings. Its most notable exit was iShares MSCI Indonesia ETF, an estimated $13.7M position sold in full.
By sector, the portfolio is most concentrated in Energy at 4.9% of assets, up from 4% a quarter earlier, followed by Financials and Industrials.
Against the trend, Bienville Capital Management opened a new position in Loma Negra worth $4.38M.
- Bienville Capital Management's largest Q2 2019 buy was Loma Negra: 374,241 shares worth $4.38M.
- Bienville Capital Management added most to Cameco in Q2 2019, an estimated $7.38M increase.
- Bienville Capital Management's biggest Q2 2019 reduction was Pampa Energía, cutting an estimated $10.6M.
- Bienville Capital Management fully exited iShares MSCI Indonesia ETF in Q2 2019, selling an estimated $13.7M.
- Bienville Capital Management's ten largest holdings make up 72% of its $828M portfolio in Q2 2019.
- Bienville Capital Management opened 63 new positions and closed 23 in Q2 2019.
- Bienville Capital Management's portfolio value fell 7.4% quarter-over-quarter to $828M.
Based on Bienville Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.