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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
-1.61%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$131M
AUM Growth
-$34.7M
(-21%)
Cap. Flow
-$115M
Cap. Flow
% of AUM
-87.35%
Top 10 Holdings %
Top 10 Hldgs %
99.89%
Holding
24
New
3
Increased
–
Reduced
–
Closed
11
Avg Time Held Equity + Options
3.3
quarters
Top 10 Avg Time Held Equity + Options
3.2
quarters
Top 20 Avg Time Held Equity + Options
3.2
quarters
Avg Time Held Equity only
4.3
quarters
Top 10 Avg Time Held Equity only
3.2
quarters
Top 20 Avg Time Held Equity only
4.3
quarters
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JAX
J. Alexander's Holdings, Inc.
JAX
|
+$2.02M |
| 2 |
Eagle Point Credit Company
ECC
|
+$113K |
| 3 |
GDP
Goodrich Petroleum Corporation Common Stock
GDP
|
+$16K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 90.45% |
| 2 | Energy | 5.12% |
| 3 | Consumer Discretionary | 4.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Independence Contract Drilling, Inc.
ICD
| $6.72M | 5.12% |
212,633
| – | – |
2018 Q3
3 quarters
|
|
2
DELISTED
Everi Holdings
EVRI
| $5.82M | 4.43% |
488,007
| – | – |
2018 Q4
2 quarters
|
|
|
CIT
3
PUT
DELISTED
CIT Group Inc.
CIT
| $74K | 0.06% |
+150,200
| New | +$7.6M |
2019 Q2
0 quarters
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $57K | 0.04% |
+100,000
| New | +$28.8M |
2019 Q2
0 quarters
|
|
|
DFRG
5
PUT
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $14K | 0.01% |
+573,000
| New | +$3.79M |
2019 Q2
0 quarters
|
|
|
6
Eagle Point Credit Company
ECC
$412M
| – | – |
-6,788
| Closed | -$113K | – |
|
|
7
CALL
DELISTED
Everi Holdings
EVRI
| – | – |
-350,000
| Closed | -$1.12M | – |
|
8
CALL
Expedia Group
EXPE
$32.2B
| – | – |
-25,000
| Closed | -$21K | – |
|
|
9
PUT
Expedia Group
EXPE
$32.2B
| – | – |
-25,000
| Closed | -$124K | – |
|
10
CALL
AT&T
T
$154B
| – | – |
-529,600
| Closed | -$118K | – |
|
|
11
PUT
AT&T
T
$154B
| – | – |
-529,600
| Closed | -$108K | – |
|
12
CALL
Uniti Group
UNIT
$1.67B
| – | – |
-685,600
| Closed | -$22K | – |
|
|
GDP
13
DELISTED
Goodrich Petroleum Corporation Common Stock
GDP
| – | – |
-1,210
| Closed | -$16K | – |
|
|
JAX
14
DELISTED
J. Alexander's Holdings, Inc.
JAX
| – | – |
-205,650
| Closed | -$2.02M | – |
|
|
NBL
15
PUT
DELISTED
Noble Energy, Inc.
NBL
| – | – |
-1,000,000
| Closed | -$31K | – |
|
|
DPLO
16
CALL
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| – | – |
-300,000
| Closed | -$15K | – |
|
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Birch Grove Capital's Q2 2019 Portfolio in Review
As of Q2 2019, Birch Grove Capital held 24 positions worth $131M, down 21% from $166M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Birch Grove Capital withdrew a net $115M in Q2 2019, closing 11 positions. Its most notable exit was J. Alexander's Holdings, Inc., an estimated $2.02M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 89% a quarter earlier, followed by Energy and Consumer Discretionary.
- Birch Grove Capital fully exited J. Alexander's Holdings, Inc. in Q2 2019, selling an estimated $2.02M.
- Birch Grove Capital's ten largest holdings make up 100% of its $131M portfolio in Q2 2019.
- Birch Grove Capital opened 3 new positions and closed 11 in Q2 2019.
- Birch Grove Capital's portfolio value fell 21% quarter-over-quarter to $131M.
Based on Birch Grove Capital's 13F filing for Q2 2019, filed 14 Aug 2019.