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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
+0.34%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$114M
AUM Growth
+$7.39M
(+6.9%)
Cap. Flow
-$99.6M
Cap. Flow
% of AUM
-87.39%
Top 10 Holdings %
Top 10 Hldgs %
99.04%
Holding
22
New
2
Increased
–
Reduced
1
Closed
4
Avg Time Held Equity + Options
2.2
quarters
Top 10 Avg Time Held Equity + Options
1.6
quarters
Top 20 Avg Time Held Equity + Options
1.6
quarters
Avg Time Held Equity only
2.1
quarters
Top 10 Avg Time Held Equity only
1.6
quarters
Top 20 Avg Time Held Equity only
2.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rimini Street
RMNI
|
+$5.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AAPC
Atlantic Alliance Partnership Corp
AAPC
|
+$3.99M |
| 2 |
HIL
Hill International, Inc. Common Stock
HIL
|
+$378K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.85% |
| 2 | Technology | 4.78% |
| 3 | Industrials | 0.37% |
| 4 | Financials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Rimini Street
RMNI
$378M
| $5.45M | 4.78% |
+544,480
| New | +$5.38M |
2016 Q4
0 quarters
|
|
|
HIL
2
DELISTED
Hill International, Inc. Common Stock
HIL
| $423K | 0.37% |
97,302
-95,100
| -49% | -$378K |
2015 Q4
4 quarters
|
|
3
DELISTED
Hennessy Capital Acquisition Corp. II
HCACW
| $347K | 0.3% |
408,510
| – | – |
2016 Q1
3 quarters
|
|
|
ELECW
4
DELISTED
Electrum Special Acquisition Corporation
ELECW
| $298K | 0.26% |
531,858
| – | – |
2016 Q1
3 quarters
|
|
5
PUT
Helmerich & Payne
HP
$3.89B
| $168K | 0.15% |
+140,000
| New | +$9.94M |
2016 Q4
0 quarters
|
|
|
EACQW
6
DELISTED
Easterly Acquisition Corp.
EACQW
| $130K | 0.11% |
370,000
| – | – |
2016 Q2
2 quarters
|
|
|
GPIAW
7
DELISTED
GP Investments Acquisition Corp
GPIAW
| $94K | 0.08% |
206,110
| – | – |
2016 Q2
2 quarters
|
|
8
CALL
Bausch Health
BHC
$2.22B
| $37K | 0.03% |
20,000
| – | – |
2016 Q1
3 quarters
|
|
9
CALL
Brookdale Senior Living
BKD
$2.44B
| $9K | 0.01% |
57,400
| – | – |
2015 Q4
4 quarters
|
|
10
CALL
Gilead Sciences
GILD
$186B
| $8K | 0.01% |
20,000
| – | – |
2016 Q1
3 quarters
|
|
11
PUT
SFL Corp
SFL
$1.89B
| – | – |
-200,000
| Closed | -$40K | – |
|
|
AMAG
12
PUT
DELISTED
AMAG Pharmaceuticals
AMAG
| – | – |
-207,000
| Closed | -$62K | – |
|
|
AAPC
13
DELISTED
Atlantic Alliance Partnership Corp
AAPC
| – | – |
-379,800
| Closed | -$3.99M | – |
|
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Birch Grove Capital's Q4 2016 Portfolio in Review
As of Q4 2016, Birch Grove Capital held 22 positions worth $114M, up 6.9% from $107M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Birch Grove Capital withdrew a net $99.6M in Q4 2016, closing 4 positions and reducing 1 holding. Its most notable exit was Atlantic Alliance Partnership Corp, an estimated $3.99M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 95% of assets, down from 95% a quarter earlier, followed by Technology and Industrials.
Against the trend, Birch Grove Capital opened a new position in Rimini Street worth $5.45M.
- Birch Grove Capital's largest Q4 2016 buy was Rimini Street: 544,480 shares worth $5.45M.
- Birch Grove Capital's biggest Q4 2016 reduction was Hill International, Inc. Common Stock, cutting an estimated $378K.
- Birch Grove Capital fully exited Atlantic Alliance Partnership Corp in Q4 2016, selling an estimated $3.99M.
- Birch Grove Capital's ten largest holdings make up 99% of its $114M portfolio in Q4 2016.
- Birch Grove Capital opened 2 new positions and closed 4 in Q4 2016.
- Birch Grove Capital's portfolio value rose 6.9% quarter-over-quarter to $114M.
Based on Birch Grove Capital's 13F filing for Q4 2016, filed 14 Feb 2017.