We are live on
!
Find out more
BGC
Birch Grove Capital Portfolio holdings
AUM
$9.51M
1-Year Est. Return
0.22%
This Fund
S&P 500
This Quarter
Est. Return
-0.19%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$121M
AUM Growth
-$13.7M
(-10%)
Cap. Flow
-$66.6M
Cap. Flow
% of AUM
-55.07%
Top 10 Holdings %
Top 10 Hldgs %
95.15%
Holding
45
New
15
Increased
2
Reduced
1
Closed
15
Avg Time Held Equity + Options
0.4
quarters
Top 10 Avg Time Held Equity + Options
0.6
quarters
Top 20 Avg Time Held Equity + Options
0.5
quarters
Avg Time Held Equity only
0.6
quarters
Top 10 Avg Time Held Equity only
0.6
quarters
Top 20 Avg Time Held Equity only
0.6
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ELECU
Electrum Special Acquisition Corporation
ELECU
|
+$9.54M |
| 2 |
NexPoint Residential Trust
NXRT
|
+$2.38M |
| 3 |
Hennessy Capital Acquisition Corp. II
HCACW
|
+$64.4K |
| 4 |
ELECW
Electrum Special Acquisition Corporation
ELECW
|
+$8.74K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Golar LNG
GLNG
|
+$10M |
| 2 |
Jack in the Box
JACK
|
+$3.11M |
| 3 |
UTIW
UTI WORLDWIDE INC
UTIW
|
+$1.22M |
| 4 |
Viatris
VTRS
|
+$729K |
| 5 |
HIL
Hill International, Inc. Common Stock
HIL
|
+$369K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 91.14% |
| 2 | Financials | 4.65% |
| 3 | Real Estate | 2.13% |
| 4 | Industrials | 1.22% |
| 5 | Consumer Discretionary | 0.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ELECU
1
DELISTED
Electrum Special Acquisition Corporation
ELECU
| $9.46M | 7.82% |
+967,110
| New | +$9.54M |
2016 Q1
0 quarters
|
|
|
AAPC
2
DELISTED
Atlantic Alliance Partnership Corp
AAPC
| $5.03M | 4.16% |
482,200
| – | – |
2015 Q4
1 quarter
|
|
|
3
NexPoint Residential Trust
NXRT
$497M
| $2.57M | 2.13% |
+196,639
| New | +$2.38M |
2016 Q1
0 quarters
|
|
|
HIL
4
DELISTED
Hill International, Inc. Common Stock
HIL
| $1.48M | 1.22% |
439,088
-113,350
| -21% | -$369K |
2015 Q4
1 quarter
|
|
5
Callaway Golf Company
CALY
$2.45B
| $1.04M | 0.86% |
113,880
| – | – |
2015 Q4
1 quarter
|
|
6
Ares Capital
ARCC
$13.4B
| $594K | 0.49% |
40,000
| – | – |
2015 Q4
1 quarter
|
|
7
CALL
Advance Auto Parts
AAP
$2.52B
| $468K | 0.39% |
30,000
+15,000
| +100% | +$2.26M |
2015 Q4
1 quarter
|
|
8
CALL
Helmerich & Payne
HP
$3.87B
| $447K | 0.37% |
+78,500
| New | +$4.15M |
2016 Q1
0 quarters
|
|
9
CALL
Molson Coors Class A
TAP.A
| $410K | 0.34% |
+46,800
| New | +$4.15M |
2016 Q1
0 quarters
|
|
10
PUT
SFL Corp
SFL
$1.88B
| $268K | 0.22% |
+670,000
| New | +$9.01M |
2016 Q1
0 quarters
|
|
11
CALL
Bausch Health
BHC
$2.22B
| $241K | 0.2% |
+20,000
| New | +$1.48M |
2016 Q1
0 quarters
|
|
12
PUT
Range Resources
RRC
$9.68B
| $238K | 0.2% |
+250,000
| New | +$6.95M |
2016 Q1
0 quarters
|
|
13
CALL
Gilead Sciences
GILD
$187B
| $221K | 0.18% |
+30,000
| New | +$2.71M |
2016 Q1
0 quarters
|
|
|
JOY
14
PUT
DELISTED
Joy Global Inc
JOY
| $85K | 0.07% |
+500,000
| New | +$6.29M |
2016 Q1
0 quarters
|
|
15
PUT
Fastenal
FAST
$59.1B
| $63K | 0.05% |
+920,000
| New | +$10M |
2016 Q1
0 quarters
|
|
|
16
DELISTED
Hennessy Capital Acquisition Corp. II
HCACW
| $61K | 0.05% |
+408,510
| New | +$64.4K |
2016 Q1
0 quarters
|
|
17
PUT
Deere & Co
DE
$171B
| $57K | 0.05% |
+85,000
| New | +$6.65M |
2016 Q1
0 quarters
|
|
18
CALL
Brookdale Senior Living
BKD
$2.45B
| $56K | 0.05% |
57,400
| – | – |
2015 Q4
1 quarter
|
|
19
PUT
The Gap Inc
GAP
$8B
| $46K | 0.04% |
+100,000
| New | +$2.63M |
2016 Q1
0 quarters
|
|
|
HCR
20
CALL
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $44K | 0.04% |
139,000
| – | – |
2015 Q4
1 quarter
|
|
|
ELECW
21
DELISTED
Electrum Special Acquisition Corporation
ELECW
| $19K | 0.02% |
+48,303
| New | +$8.74K |
2016 Q1
0 quarters
|
|
|
RAD
22
CALL
DELISTED
Rite Aid Corporation
RAD
| $17K | 0.01% |
4,460
| – | – |
2015 Q4
1 quarter
|
|
23
CALL
American International
AIG
$40.6B
| $11K | 0.01% |
+300,000
| New | +$16.2M |
2016 Q1
0 quarters
|
|
24
CALL
Conagra Brands
CAG
$6.53B
| – | – |
-59,881
| Closed | -$72K | – |
|
|
25
Golar LNG
GLNG
$4.93B
| – | – |
-636,136
| Closed | -$10M | – |
|
Similar funds
ACM
DA
RJTCONH
RVM
HSC
JDR
KIM
AG
Birch Grove Capital's Q1 2016 Portfolio in Review
As of Q1 2016, Birch Grove Capital held 45 positions worth $121M, down 10% from $135M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Birch Grove Capital withdrew a net $66.6M in Q1 2016, closing 15 positions and reducing 1 holding. Its most notable exit was Golar LNG, an estimated $10M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 91% of assets, up from 83% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Birch Grove Capital opened a new position in Electrum Special Acquisition Corporation worth $9.46M.
- Birch Grove Capital's largest Q1 2016 buy was Electrum Special Acquisition Corporation: 967,110 shares worth $9.46M.
- Birch Grove Capital's biggest Q1 2016 reduction was Hill International, Inc. Common Stock, cutting an estimated $369K.
- Birch Grove Capital fully exited Golar LNG in Q1 2016, selling an estimated $10M.
- Birch Grove Capital's ten largest holdings make up 95% of its $121M portfolio in Q1 2016.
- Birch Grove Capital opened 15 new positions and closed 15 in Q1 2016.
- Birch Grove Capital's portfolio value fell 10% quarter-over-quarter to $121M.
Based on Birch Grove Capital's 13F filing for Q1 2016, filed 16 May 2016.