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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
+0.19%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$191M
AUM Growth
+$27.4M
Cap. Flow
-$129M
Cap. Flow %
-67.41%
Top 10 Hldgs %
79.69%
Holding
35
New
7
Increased
3
Reduced
2
Closed
7

Top Buys

Rank Stock Value
1
JAX
J. Alexander's Holdings, Inc.
JAX
+$945K

Top Sells

Rank Stock Value
1
SGRY icon
Surgery Partners
SGRY
+$806K
2
HABT
The Habit Restaurants, Inc. - Class A
HABT
+$430K
3
GPIAW
GP Investments Acquisition Corp
GPIAW
+$187K
4
GDP
Goodrich Petroleum Corporation Common Stock
GDP
+$9K

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.77%
2 Consumer Discretionary 1.23%
3 Energy 0%
4 Healthcare 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JAX
1
DELISTED
J. Alexander's Holdings, Inc.
JAX
$2.35M 1.23%
205,650
+93,401
+83% +$945K
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$81.9B
$400K 0.21%
+200,000
New +$30.9M
ELECW
3
DELISTED
Electrum Special Acquisition Corporation
ELECW
$288K 0.15%
450,608
– –
WMGI
4
PUT
DELISTED
Wright Medical Group Inc
WMGI
$156K 0.08%
91,500
-23,500
-20% -$504K
DISH
5
PUT
DELISTED
DISH Network Corp.
DISH
$152K 0.08%
+38,000
New +$1.67M
KN icon
6
PUT
Knowles
KN
$2.99B
$136K 0.07%
+175,000
New +$2.55M
CHTR icon
7
CALL
Charter Communications
CHTR
$17.7B
$96K 0.05%
+15,000
New +$5.27M
CATM
8
PUT
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$84K 0.04%
55,000
+5,000
+10% +$119K
NUAN
9
PUT
DELISTED
Nuance Communications, Inc.
NUAN
$78K 0.04%
179,025
+121,275
+210% +$1.77M
GLNG icon
10
PUT
Golar LNG
GLNG
$5.27B
$57K 0.03%
40,000
-96,000
-71% -$2.71M
MDRX
11
PUT
DELISTED
Veradigm Inc. Common Stock
MDRX
$44K 0.02%
+37,500
New +$533K
UNIT
12
CALL
Uniti Group
UNIT
$2.45B
$38K 0.02%
+300,000
New +$4.82M
DCH
13
CALL
Dauch Corp
DCH
$1.51B
$11K 0.01%
+440,000
New +$7.23M
BHC icon
14
CALL
Bausch Health
BHC
$2.35B
– –
-20,000
Closed -$1K
SGRY icon
15
Surgery Partners
SGRY
$1.82B
– –
-66,605
Closed -$806K
GDP
16
DELISTED
Goodrich Petroleum Corporation Common Stock
GDP
– –
-836
Closed -$9K
HABT
17
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
– –
-45,000
Closed -$430K
SFLY
18
CALL
DELISTED
Shutterfly, Inc.
SFLY
– –
-200,000
Closed -$603K
WIN
19
CALL
DELISTED
Windstream Holdings Inc
WIN
– –
-60,000
Closed -$41K
GPIAW
20
DELISTED
GP Investments Acquisition Corp
GPIAW
– –
-478,350
Closed -$187K

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RJTCONH
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RVM
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Birch Grove Capital's Q1 2018 Portfolio in Review

As of Q1 2018, Birch Grove Capital held 35 positions worth $191M, up 17% from $164M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Birch Grove Capital withdrew a net $129M in Q1 2018, closing 7 positions and reducing 2 holdings. Its most notable exit was Surgery Partners, an estimated $806K position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, up from 99% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Birch Grove Capital added an estimated $945K to J. Alexander's Holdings, Inc..

  • Birch Grove Capital added most to J. Alexander's Holdings, Inc. in Q1 2018, an estimated $945K increase.
  • Birch Grove Capital fully exited Surgery Partners in Q1 2018, selling an estimated $806K.
  • Birch Grove Capital's ten largest holdings make up 80% of its $191M portfolio in Q1 2018.
  • Birch Grove Capital opened 7 new positions and closed 7 in Q1 2018.
  • Birch Grove Capital's portfolio value rose 17% quarter-over-quarter to $191M.

Based on Birch Grove Capital's 13F filing for Q1 2018, filed 15 May 2018.