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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
-1.31%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$135M
AUM Growth
+$3.33M
(+2.5%)
Cap. Flow
-$120M
Cap. Flow
% of AUM
-89.01%
Top 10 Holdings %
Top 10 Hldgs %
93.34%
Holding
31
New
15
Increased
1
Reduced
1
Closed
2
Avg Time Held Equity + Options
1.9
quarters
Top 10 Avg Time Held Equity + Options
4.1
quarters
Top 20 Avg Time Held Equity + Options
2.6
quarters
Avg Time Held Equity only
3.3
quarters
Top 10 Avg Time Held Equity only
4.1
quarters
Top 20 Avg Time Held Equity only
3.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CCX.U
Churchill Capital Corp II
CCX.U
|
+$1.03M |
| 2 |
Hess
HES
|
+$374K |
| 3 |
HABT
The Habit Restaurants, Inc. - Class A
HABT
|
+$188K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Everi Holdings
EVRI
|
+$2.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 94.47% |
| 2 | Energy | 4.06% |
| 3 | Consumer Discretionary | 1.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Independence Contract Drilling, Inc.
ICD
| $5.1M | 3.79% |
212,633
| – | – |
2018 Q3
4 quarters
|
|
|
2
DELISTED
Everi Holdings
EVRI
| $1.8M | 1.34% |
213,007
-275,000
| -56% | -$2.81M |
2018 Q4
3 quarters
|
|
|
CCX.U
3
DELISTED
Churchill Capital Corp II
CCX.U
| $1.05M | 0.78% |
+100,000
| New | +$1.03M |
2019 Q3
0 quarters
|
|
|
4
DELISTED
Hess
HES
| $363K | 0.27% |
+6,000
| New | +$374K |
2019 Q3
0 quarters
|
|
|
HABT
5
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $175K | 0.13% |
+20,032
| New | +$188K |
2019 Q3
0 quarters
|
|
6
CALL
Conagra Brands
CAG
$6.5B
| $99K | 0.07% |
+90,000
| New | +$2.59M |
2019 Q3
0 quarters
|
|
7
CALL
Kroger
KR
$36.7B
| $96K | 0.07% |
+120,000
| New | +$2.79M |
2019 Q3
0 quarters
|
|
|
8
PUT
Kroger
KR
$36.7B
| $82K | 0.06% |
+120,000
| New | +$2.79M |
2019 Q3
0 quarters
|
|
9
PUT
Evolent Health
EVH
$467M
| $77K | 0.06% |
+81,900
| New | +$588K |
2019 Q3
0 quarters
|
|
|
AMAG
10
PUT
DELISTED
AMAG Pharmaceuticals
AMAG
| $71K | 0.05% |
+120,000
| New | +$1.26M |
2019 Q3
0 quarters
|
|
|
11
PUT
Conagra Brands
CAG
$6.5B
| $68K | 0.05% |
+90,000
| New | +$2.59M |
2019 Q3
0 quarters
|
|
|
12
PUT
DELISTED
Hess
HES
| $58K | 0.04% |
+40,000
| New | +$2.49M |
2019 Q3
0 quarters
|
|
|
NUAN
13
PUT
DELISTED
Nuance Communications, Inc.
NUAN
| $47K | 0.03% |
+181,335
| New | +$2.61M |
2019 Q3
0 quarters
|
|
14
PUT
Golar LNG
GLNG
$4.96B
| $46K | 0.03% |
+133,300
| New | +$1.96M |
2019 Q3
0 quarters
|
|
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $14K | 0.01% |
165,000
+65,000
| +65% | +$19.2M |
2019 Q2
1 quarter
|
|
|
CARB
16
PUT
DELISTED
Carbonite Inc
CARB
| $13K | 0.01% |
+50,000
| New | +$891K |
2019 Q3
0 quarters
|
|
17
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $12K | 0.01% |
+200,000
| New | +$17.4M |
2019 Q3
0 quarters
|
|
|
18
CALL
DELISTED
Hess
HES
| $6K | ﹤0.01% |
+30,000
| New | +$1.87M |
2019 Q3
0 quarters
|
|
|
DFRG
19
PUT
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| – | – |
-573,000
| Closed | -$14K | – |
|
|
CIT
20
PUT
DELISTED
CIT Group Inc.
CIT
| – | – |
-150,200
| Closed | -$74K | – |
|
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Birch Grove Capital's Q3 2019 Portfolio in Review
As of Q3 2019, Birch Grove Capital held 31 positions worth $135M, up 2.5% from $131M the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Birch Grove Capital withdrew a net $120M in Q3 2019, closing 2 positions and reducing 1 holding. Its largest reduction was Everi Holdings, cutting an estimated $2.81M.
By sector, the portfolio is most concentrated in Miscellaneous at 94% of assets, up from 90% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Birch Grove Capital opened a new position in Churchill Capital Corp II worth $1.05M.
- Birch Grove Capital's largest Q3 2019 buy was Churchill Capital Corp II: 100,000 shares worth $1.05M.
- Birch Grove Capital's biggest Q3 2019 reduction was Everi Holdings, cutting an estimated $2.81M.
- Birch Grove Capital's ten largest holdings make up 93% of its $135M portfolio in Q3 2019.
- Birch Grove Capital opened 15 new positions and closed 2 in Q3 2019.
- Birch Grove Capital's portfolio value rose 2.5% quarter-over-quarter to $135M.
Based on Birch Grove Capital's 13F filing for Q3 2019, filed 14 Nov 2019.