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
-0.5%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$161M
AUM Growth
-$4.71M
(-2.8%)
Cap. Flow
-$125M
Cap. Flow
% of AUM
-77.62%
Top 10 Holdings %
Top 10 Hldgs %
89.67%
Holding
36
New
8
Increased
3
Reduced
1
Closed
7
Avg Time Held Equity + Options
1.9
quarters
Top 10 Avg Time Held Equity + Options
2.1
quarters
Top 20 Avg Time Held Equity + Options
1.9
quarters
Avg Time Held Equity only
2.4
quarters
Top 10 Avg Time Held Equity only
2.1
quarters
Top 20 Avg Time Held Equity only
2.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HABT
The Habit Restaurants, Inc. - Class A
HABT
|
+$1.66M |
| 2 |
Surgery Partners
SGRY
|
+$694K |
| 3 |
GPIAW
GP Investments Acquisition Corp
GPIAW
|
+$185K |
| 4 |
JAX
J. Alexander's Holdings, Inc.
JAX
|
+$174K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rimini Street
RMNI
|
+$5.98M |
| 2 |
Hovnanian Enterprises
HOV
|
+$883K |
| 3 |
EACQW
Easterly Acquisition Corp.
EACQW
|
+$315K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 97.57% |
| 2 | Consumer Discretionary | 1.74% |
| 3 | Energy | 0.38% |
| 4 | Healthcare | 0.31% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
HABT
1
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $1.5M | 0.93% |
+115,000
| New | +$1.66M |
2017 Q3
0 quarters
|
|
|
JAX
2
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $1.3M | 0.81% |
112,249
+16,828
| +18% | +$174K |
2017 Q1
2 quarters
|
|
3
Scorpio Tankers
STNG
$4.37B
| $617K | 0.38% |
18,000
| – | – |
2017 Q2
1 quarter
|
|
|
4
Surgery Partners
SGRY
$1.85B
| $502K | 0.31% |
+48,505
| New | +$694K |
2017 Q3
0 quarters
|
|
5
CALL
lululemon athletica
LULU
$10.9B
| $355K | 0.22% |
250,000
-23,400
| -9% | -$1.41M |
2017 Q2
1 quarter
|
|
|
ELECW
6
DELISTED
Electrum Special Acquisition Corporation
ELECW
| $288K | 0.18% |
450,608
| – | – |
2016 Q1
6 quarters
|
|
|
GPIAW
7
DELISTED
GP Investments Acquisition Corp
GPIAW
| $215K | 0.13% |
478,350
+272,240
| +132% | +$185K |
2016 Q2
5 quarters
|
|
8
CALL
Uniti Group
UNIT
$1.66B
| $154K | 0.1% |
+140,000
| New | +$2.96M |
2017 Q3
0 quarters
|
|
|
BWLD
9
CALL
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $108K | 0.07% |
+100,000
| New | +$11.1M |
2017 Q3
0 quarters
|
|
|
WIN
10
CALL
DELISTED
Windstream Holdings Inc
WIN
| $68K | 0.04% |
+60,000
| New | +$795K |
2017 Q3
0 quarters
|
|
|
CATM
11
PUT
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $66K | 0.04% |
+40,000
| New | +$1.14M |
2017 Q3
0 quarters
|
|
|
12
CALL
Scorpio Tankers
STNG
$4.37B
| $40K | 0.02% |
160,000
| – | – |
2017 Q1
2 quarters
|
|
|
WMGI
13
PUT
DELISTED
Wright Medical Group Inc
WMGI
| $39K | 0.02% |
130,000
+50,000
| +63% | +$1.38M |
2017 Q2
1 quarter
|
|
14
PUT
Golar LNG
GLNG
$4.95B
| $32K | 0.02% |
51,000
| – | – |
2017 Q2
1 quarter
|
|
15
CALL
Mondelez International
MDLZ
$78.8B
| $10K | 0.01% |
+200,000
| New | +$8.49M |
2017 Q3
0 quarters
|
|
|
NUAN
16
PUT
DELISTED
Nuance Communications, Inc.
NUAN
| $10K | 0.01% |
+17,325
| New | +$247K |
2017 Q3
0 quarters
|
|
17
CALL
Bausch Health
BHC
$2.22B
| $1K | ﹤0.01% |
20,000
| – | – |
2016 Q1
6 quarters
|
|
18
PUT
Quest Diagnostics
DGX
$25.8B
| – | – |
-40,000
| Closed | -$6K | – |
|
|
19
Hovnanian Enterprises
HOV
$618M
| – | – |
-12,608
| Closed | -$883K | – |
|
|
20
Rimini Street
RMNI
$378M
| – | – |
-544,480
| Closed | -$5.98M | – |
|
|
MDRX
21
PUT
DELISTED
Veradigm Inc. Common Stock
MDRX
| – | – |
-35,000
| Closed | -$18K | – |
|
|
EACQW
22
DELISTED
Easterly Acquisition Corp.
EACQW
| – | – |
-370,000
| Closed | -$315K | – |
|
|
WFM
23
PUT
DELISTED
Whole Foods Market Inc
WFM
| – | – |
-72,500
| Closed | -$11K | – |
|
24
CALL
DELISTED
Staples Inc
SPLS
| – | – |
-500,000
| Closed | -$313K | – |
|
Similar funds
ACM
DA
RJTCONH
RVM
HSC
JDR
KIM
AG
Birch Grove Capital's Q3 2017 Portfolio in Review
As of Q3 2017, Birch Grove Capital held 36 positions worth $161M, down 2.8% from $166M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Birch Grove Capital withdrew a net $125M in Q3 2017, closing 7 positions and reducing 1 holding. Its most notable exit was Rimini Street, an estimated $5.98M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 95% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Birch Grove Capital opened a new position in The Habit Restaurants, Inc. - Class A worth $1.5M.
- Birch Grove Capital's largest Q3 2017 buy was The Habit Restaurants, Inc. - Class A: 115,000 shares worth $1.5M.
- Birch Grove Capital added most to GP Investments Acquisition Corp in Q3 2017, an estimated $185K increase.
- Birch Grove Capital fully exited Rimini Street in Q3 2017, selling an estimated $5.98M.
- Birch Grove Capital's ten largest holdings make up 90% of its $161M portfolio in Q3 2017.
- Birch Grove Capital opened 8 new positions and closed 7 in Q3 2017.
- Birch Grove Capital's portfolio value fell 2.8% quarter-over-quarter to $161M.
Based on Birch Grove Capital's 13F filing for Q3 2017, filed 14 Nov 2017.