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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
-0.03%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$207M
AUM Growth
+$16.3M
(+8.5%)
Cap. Flow
-$131M
Cap. Flow
% of AUM
-63.02%
Top 10 Holdings %
Top 10 Hldgs %
78.24%
Holding
33
New
6
Increased
2
Reduced
–
Closed
10
Avg Time Held Equity + Options
2
quarters
Top 10 Avg Time Held Equity + Options
1.8
quarters
Top 20 Avg Time Held Equity + Options
2.1
quarters
Avg Time Held Equity only
2.7
quarters
Top 10 Avg Time Held Equity only
1.8
quarters
Top 20 Avg Time Held Equity only
2.7
quarters
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ELECW
Electrum Special Acquisition Corporation
ELECW
|
+$288K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.89% |
| 2 | Consumer Discretionary | 1.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
JAX
1
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $2.29M | 1.11% |
205,650
| – | – |
2017 Q1
5 quarters
|
|
2
PUT
NN Inc
NNBR
$369M
| $571K | 0.28% |
+350,000
| New | +$7.54M |
2018 Q2
0 quarters
|
|
3
CALL
CVS Health
CVS
$112B
| $117K | 0.06% |
+52,500
| New | +$3.46M |
2018 Q2
0 quarters
|
|
4
CALL
Uniti Group
UNIT
$1.67B
| $106K | 0.05% |
481,800
+181,800
| +61% | +$3.54M |
2018 Q1
1 quarter
|
|
5
PUT
Golar LNG
GLNG
$4.93B
| $54K | 0.03% |
70,000
+30,000
| +75% | +$911K |
2017 Q2
4 quarters
|
|
6
CALL
Conagra Brands
CAG
$6.53B
| $29K | 0.01% |
+500,000
| New | +$18.6M |
2018 Q2
0 quarters
|
|
7
CALL
AT&T
T
$154B
| $20K | 0.01% |
+236,996
| New | +$5.95M |
2018 Q2
0 quarters
|
|
|
PF
8
CALL
DELISTED
Pinnacle Foods, Inc.
PF
| $20K | 0.01% |
+400,000
| New | +$24.6M |
2018 Q2
0 quarters
|
|
9
PUT
DELISTED
CalAmp Corp.
CAMP
| $5K | ﹤0.01% |
+870
| New | +$438K |
2018 Q2
0 quarters
|
|
10
CALL
Dauch Corp
DCH
$1.28B
| – | – |
-440,000
| Closed | -$11K | – |
|
11
CALL
Charter Communications
CHTR
$11.7B
| – | – |
-15,000
| Closed | -$96K | – |
|
12
PUT
iShares Russell 2000 ETF
IWM
$78.3B
| – | – |
-200,000
| Closed | -$400K | – |
|
13
PUT
Knowles
KN
$3.12B
| – | – |
-175,000
| Closed | -$136K | – |
|
|
MDRX
14
PUT
DELISTED
Veradigm Inc. Common Stock
MDRX
| – | – |
-37,500
| Closed | -$44K | – |
|
|
NUAN
15
PUT
DELISTED
Nuance Communications, Inc.
NUAN
| – | – |
-179,025
| Closed | -$78K | – |
|
|
CATM
16
PUT
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| – | – |
-55,000
| Closed | -$84K | – |
|
|
WMGI
17
PUT
DELISTED
Wright Medical Group Inc
WMGI
| – | – |
-91,500
| Closed | -$156K | – |
|
|
ELECW
18
DELISTED
Electrum Special Acquisition Corporation
ELECW
| – | – |
-450,608
| Closed | -$288K | – |
|
|
DISH
19
PUT
DELISTED
DISH Network Corp.
DISH
| – | – |
-38,000
| Closed | -$152K | – |
|
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Birch Grove Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Birch Grove Capital held 33 positions worth $207M, up 8.5% from $191M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Birch Grove Capital withdrew a net $131M in Q2 2018, closing 10 positions. Its most notable exit was Electrum Special Acquisition Corporation, an estimated $288K 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.
- Birch Grove Capital fully exited Electrum Special Acquisition Corporation in Q2 2018, selling an estimated $288K.
- Birch Grove Capital's ten largest holdings make up 78% of its $207M portfolio in Q2 2018.
- Birch Grove Capital opened 6 new positions and closed 10 in Q2 2018.
- Birch Grove Capital's portfolio value rose 8.5% quarter-over-quarter to $207M.
Based on Birch Grove Capital's 13F filing for Q2 2018, filed 14 Aug 2018.