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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
-2.53%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$222M
AUM Growth
-$29.2M
(-12%)
Cap. Flow
-$187M
Cap. Flow
% of AUM
-84.12%
Top 10 Holdings %
Top 10 Hldgs %
80.66%
Holding
33
New
7
Increased
1
Reduced
3
Closed
5
Avg Time Held Equity + Options
2.4
quarters
Top 10 Avg Time Held Equity + Options
2.9
quarters
Top 20 Avg Time Held Equity + Options
2.9
quarters
Avg Time Held Equity only
3.1
quarters
Top 10 Avg Time Held Equity only
2.9
quarters
Top 20 Avg Time Held Equity only
3.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Everi Holdings
EVRI
|
+$204K |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 93.1% |
| 2 | Energy | 6.07% |
| 3 | Consumer Discretionary | 0.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Independence Contract Drilling, Inc.
ICD
| $13.5M | 6.07% |
212,633
| – | – |
2018 Q3
1 quarter
|
|
2
DELISTED
Churchill Capital Corp
CCC.U
| $3.04M | 1.36% |
300,000
| – | – |
2018 Q3
1 quarter
|
|
|
JAX
3
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $1.69M | 0.76% |
205,650
| – | – |
2017 Q1
7 quarters
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $1.29M | 0.58% |
225,000
-225,000
| -50% | -$60.7M |
2018 Q3
1 quarter
|
|
|
NBL
5
PUT
DELISTED
Noble Energy, Inc.
NBL
| $288K | 0.13% |
+1,000,000
| New | +$25.6M |
2018 Q4
0 quarters
|
|
|
6
CALL
DELISTED
Everi Holdings
EVRI
| $180K | 0.08% |
+1,201,700
| New | +$8.19M |
2018 Q4
0 quarters
|
|
|
7
DELISTED
Everi Holdings
EVRI
| $154K | 0.07% |
+29,900
| New | +$204K |
2018 Q4
0 quarters
|
|
8
PUT
Golar LNG
GLNG
$4.96B
| $138K | 0.06% |
40,000
-10,000
| -20% | -$258K |
2017 Q2
6 quarters
|
|
9
CALL
Jack in the Box
JACK
$229M
| $116K | 0.05% |
+150,000
| New | +$12.2M |
2018 Q4
0 quarters
|
|
|
PE
10
PUT
DELISTED
PARSLEY ENERGY INC
PE
| $70K | 0.03% |
+800,000
| New | +$18.2M |
2018 Q4
0 quarters
|
|
11
CALL
DELISTED
Caesars Entertainment Corporation
CZR
| $42K | 0.02% |
+1,333,300
| New | +$11.2M |
2018 Q4
0 quarters
|
|
|
12
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $18K | 0.01% |
+100,000
| New | +$27M |
2018 Q4
0 quarters
|
|
13
CALL
Uniti Group
UNIT
$1.65B
| $12K | 0.01% |
240,400
+58,600
| +32% | +$1.1M |
2018 Q1
3 quarters
|
|
14
CALL
NN Inc
NNBR
$375M
| $10K | ﹤0.01% |
80,000
-195,000
| -71% | -$1.87M |
2018 Q3
1 quarter
|
|
15
CALL
Dollar Tree
DLTR
$22B
| – | – |
-200,000
| Closed | -$95K | – |
|
16
PUT
Knowles
KN
$3.13B
| – | – |
-80,000
| Closed | -$32K | – |
|
17
PUT
DELISTED
CalAmp Corp.
CAMP
| – | – |
-3,261
| Closed | -$2K | – |
|
|
CLVS
18
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
| – | – |
-28,000
| Closed | -$113K | – |
|
|
NUAN
19
PUT
DELISTED
Nuance Communications, Inc.
NUAN
| – | – |
-40,425
| Closed | -$2K | – |
|
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Birch Grove Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Birch Grove Capital held 33 positions worth $222M, down 12% from $252M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Birch Grove Capital withdrew a net $187M in Q4 2018, closing 5 positions and reducing 3 holdings.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, up from 91% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Birch Grove Capital opened a new position in Everi Holdings worth $154K.
- Birch Grove Capital's largest Q4 2018 buy was Everi Holdings: 29,900 shares worth $154K.
- Birch Grove Capital's ten largest holdings make up 81% of its $222M portfolio in Q4 2018.
- Birch Grove Capital opened 7 new positions and closed 5 in Q4 2018.
- Birch Grove Capital's portfolio value fell 12% quarter-over-quarter to $222M.
Based on Birch Grove Capital's 13F filing for Q4 2018, filed 14 Feb 2019.