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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
-1.29%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$245M
AUM Growth
+$23.9M
Cap. Flow
-$156M
Cap. Flow %
-63.6%
Top 10 Hldgs %
61.59%
Holding
47
New
3
Increased
5
Reduced
5
Closed
9

Top Buys

Rank Stock Value
1
STRY
Starry Group Holdings, Inc.
STRY
+$6.54M
2
KAMN
Kaman Corp
KAMN
+$987K
3
DHT icon
DHT Holdings
DHT
+$827K
4
OI icon
O-I Glass
OI
+$205K
5
MPLN.WS
MultiPlan Corporation Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
MPLN.WS
+$173K

Top Sells

Rank Stock Value
1
CCVI.U
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
+$3.98M
2
CCV
Churchill Capital Corp V
CCV
+$3.94M
3
CVIIU
Churchill Capital Corp VII Units
CVIIU
+$3.16M
4
BMRN icon
BioMarin Pharmaceuticals
BMRN
+$2.73M
5
LVS icon
Las Vegas Sands
LVS
+$1.53M

Sector Composition

Rank Sector Weight
1 Miscellaneous 87.44%
2 Communication Services 3.53%
3 Healthcare 3.35%
4 Industrials 3.34%
5 Energy 1.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCVI.U
26
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
– –
-400,000
Closed -$3.98M
CCV
27
DELISTED
Churchill Capital Corp V
CCV
– –
-400,000
Closed -$3.94M
1
2

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Birch Grove Capital's Q1 2022 Portfolio in Review

As of Q1 2022, Birch Grove Capital held 47 positions worth $245M, up 11% from $221M the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Birch Grove Capital withdrew a net $156M in Q1 2022, closing 9 positions and reducing 5 holdings. Its most notable exit was Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant, an estimated $3.98M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, up from 83% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Birch Grove Capital opened a new position in Starry Group Holdings, Inc. worth $8.65M.

  • Birch Grove Capital's largest Q1 2022 buy was Starry Group Holdings, Inc.: 757,412 shares worth $8.65M.
  • Birch Grove Capital added most to Kaman Corp in Q1 2022, an estimated $987K increase.
  • Birch Grove Capital's biggest Q1 2022 reduction was Churchill Capital Corp VII Units, cutting an estimated $3.16M.
  • Birch Grove Capital fully exited Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant in Q1 2022, selling an estimated $3.98M.
  • Birch Grove Capital's ten largest holdings make up 62% of its $245M portfolio in Q1 2022.
  • Birch Grove Capital opened 3 new positions and closed 9 in Q1 2022.
  • Birch Grove Capital's portfolio value rose 11% quarter-over-quarter to $245M.

Based on Birch Grove Capital's 13F filing for Q1 2022, filed 17 May 2022.