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BGC

Birch Grove Capital Portfolio holdings

AUM $9.51M
1-Year Est. Return 0.22%
This Fund
S&P 500
This Quarter Est. Return
+0.84%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$206M
AUM Growth
-$24.6M
Cap. Flow
-$164M
Cap. Flow %
-79.69%
Top 10 Hldgs %
60.92%
Holding
59
New
8
Increased
5
Reduced
7
Closed
13

Top Buys

Rank Stock Value
1
CCV
Churchill Capital Corp V
CCV
+$4M
2
SPR
Spirit AeroSystems
SPR
+$2.14M
3
FLXN
Flexion Therapeutics, Inc.
FLXN
+$527K
4
RDUS
Radius Health, Inc.
RDUS
+$258K
5
BCO icon
Brink's
BCO
+$253K

Top Sells

Rank Stock Value
1
CCV.U
Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant
CCV.U
+$4.08M
2
WCC
WESCO International
WCC
+$3.56M
3
CHX
ChampionX
CHX
+$3.17M
4
THC icon
Tenet Healthcare
THC
+$3M
5
CVS icon
CVS Health
CVS
+$2.63M

Sector Composition

Rank Sector Weight
1 Miscellaneous 80.26%
2 Financials 5.14%
3 Industrials 3.91%
4 Healthcare 3.41%
5 Real Estate 2.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LRN icon
26
PUT
Stride
LRN
$3.55B
$41K 0.02%
20,100
-9,000
-31% -$268K
UBER icon
27
PUT
Uber
UBER
$157B
$11K 0.01%
+19,000
New +$992K
PTON icon
28
PUT
Peloton Interactive
PTON
$2.33B
$3K ﹤0.01%
+6,800
New +$724K
CHX
29
DELISTED
ChampionX
CHX
– –
-145,700
Closed -$3.17M
CVS icon
30
CVS Health
CVS
$119B
– –
-34,900
Closed -$2.63M
ECC
31
Eagle Point Credit Company
ECC
$511M
– –
-215,624
Closed -$2.58M
F icon
32
PUT
Ford
F
$55.6B
– –
-77,100
Closed -$36K
CALY
33
Callaway Golf Company
CALY
$2.76B
– –
-96,000
Closed -$2.57M
SKIL icon
34
Skillsoft
SKIL
$59.5M
– –
-11,411
Closed -$2.28M
THC icon
35
Tenet Healthcare
THC
$21.6B
– –
-57,700
Closed -$3M
VTRS icon
36
Viatris
VTRS
$19.4B
– –
-133,200
Closed -$1.86M
WCC
37
WESCO International
WCC
$17.1B
– –
-41,200
Closed -$3.56M
SPLK
38
PUT
DELISTED
Splunk Inc
SPLK
– –
-14,200
Closed -$53K
CCV.U
39
DELISTED
Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant
CCV.U
– –
-400,000
Closed -$4.08M
AGC
40
DELISTED
Altimeter Growth Corp
AGC
– –
-36,300
Closed -$425K
CCX.WS
41
DELISTED
Churchill Capital Corp II Warrants, each exercisable for one share of Class A common stock at an exe
CCX.WS
– –
-33,332
Closed -$49K
1
2

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Birch Grove Capital's Q2 2021 Portfolio in Review

As of Q2 2021, Birch Grove Capital held 59 positions worth $206M, down 11% from $230M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Birch Grove Capital withdrew a net $164M in Q2 2021, closing 13 positions and reducing 7 holdings. Its most notable exit was Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant, an estimated $4.08M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 80% of assets, up from 76% a quarter earlier, followed by Financials and Industrials.

Against the trend, Birch Grove Capital opened a new position in Churchill Capital Corp V worth $4.03M.

  • Birch Grove Capital's largest Q2 2021 buy was Churchill Capital Corp V: 400,000 shares worth $4.03M.
  • Birch Grove Capital added most to Radius Health, Inc. in Q2 2021, an estimated $258K increase.
  • Birch Grove Capital's biggest Q2 2021 reduction was Claritev Corp, cutting an estimated $1.91M.
  • Birch Grove Capital fully exited Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant in Q2 2021, selling an estimated $4.08M.
  • Birch Grove Capital's ten largest holdings make up 61% of its $206M portfolio in Q2 2021.
  • Birch Grove Capital opened 8 new positions and closed 13 in Q2 2021.
  • Birch Grove Capital's portfolio value fell 11% quarter-over-quarter to $206M.

Based on Birch Grove Capital's 13F filing for Q2 2021, filed 16 Aug 2021.