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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
-0.86%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$69.9M
AUM Growth
-$10.8M
(-13%)
Cap. Flow
-$61.7M
Cap. Flow
% of AUM
-88.33%
Top 10 Holdings %
Top 10 Hldgs %
99.66%
Holding
20
New
4
Increased
1
Reduced
1
Closed
7
Avg Time Held Equity + Options
2.6
quarters
Top 10 Avg Time Held Equity + Options
3.3
quarters
Top 20 Avg Time Held Equity + Options
2.6
quarters
Avg Time Held Equity only
3.1
quarters
Top 10 Avg Time Held Equity only
3.3
quarters
Top 20 Avg Time Held Equity only
3.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CCXX.U
Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
|
+$3.05M |
| 2 |
Skillsoft
SKIL
|
+$557K |
| 3 |
Eagle Point Credit Company
ECC
|
+$331K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HABT
The Habit Restaurants, Inc. - Class A
HABT
|
+$209K |
| 2 |
Independence Contract Drilling, Inc.
ICD
|
+$5.55K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 97.75% |
| 2 | Consumer Staples | 1.83% |
| 3 | Energy | 0.42% |
| 4 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CCXX.U
1
DELISTED
Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
| $3M | 4.29% |
+300,000
| New | +$3.05M |
2020 Q1
0 quarters
|
|
|
2
Skillsoft
SKIL
$57M
| $1.28M | 1.83% |
6,411
+2,661
| +71% | +$557K |
2019 Q4
1 quarter
|
|
|
CCX.U
3
DELISTED
Churchill Capital Corp II
CCX.U
| $1.03M | 1.48% |
100,000
| – | – |
2019 Q3
2 quarters
|
|
|
4
DELISTED
Independence Contract Drilling, Inc.
ICD
| $297K | 0.42% |
212,101
-532
| -0.3% | -$5.55K |
2018 Q3
6 quarters
|
|
|
5
Eagle Point Credit Company
ECC
$406M
| $173K | 0.25% |
+25,300
| New | +$331K |
2020 Q1
0 quarters
|
|
6
CALL
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $44K | 0.06% |
+50,000
| New | +$1.11M |
2020 Q1
0 quarters
|
|
7
CALL
ExxonMobil
XOM
$707B
| $20K | 0.03% |
+700,000
| New | +$38.7M |
2020 Q1
0 quarters
|
|
8
CALL
Conagra Brands
CAG
$6.52B
| – | – |
-60,000
| Closed | -$90K | – |
|
|
9
PUT
Conagra Brands
CAG
$6.52B
| – | – |
-119,800
| Closed | -$3K | – |
|
10
PUT
Jazz Pharmaceuticals
JAZZ
$14.1B
| – | – |
-14,700
| Closed | -$11K | – |
|
11
CALL
Kroger
KR
$36.7B
| – | – |
-60,000
| Closed | -$72K | – |
|
|
12
PUT
Kroger
KR
$36.7B
| – | – |
-120,000
| Closed | -$4K | – |
|
|
AMAG
13
PUT
DELISTED
AMAG Pharmaceuticals
AMAG
| – | – |
-45,000
| Closed | -$11K | – |
|
|
HABT
14
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| – | – |
-20,032
| Closed | -$209K | – |
|
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Birch Grove Capital's Q1 2020 Portfolio in Review
As of Q1 2020, Birch Grove Capital held 20 positions worth $69.9M, down 13% from $80.7M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Birch Grove Capital withdrew a net $61.7M in Q1 2020, closing 7 positions and reducing 1 holding. Its most notable exit was The Habit Restaurants, Inc. - Class A, an estimated $209K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, up from 94% a quarter earlier, followed by Consumer Staples and Energy.
Against the trend, Birch Grove Capital opened a new position in Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt worth $3M.
- Birch Grove Capital's largest Q1 2020 buy was Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt: 300,000 shares worth $3M.
- Birch Grove Capital added most to Skillsoft in Q1 2020, an estimated $557K increase.
- Birch Grove Capital's biggest Q1 2020 reduction was Independence Contract Drilling, Inc., cutting an estimated $5.55K.
- Birch Grove Capital fully exited The Habit Restaurants, Inc. - Class A in Q1 2020, selling an estimated $209K.
- Birch Grove Capital's ten largest holdings make up 100% of its $69.9M portfolio in Q1 2020.
- Birch Grove Capital opened 4 new positions and closed 7 in Q1 2020.
- Birch Grove Capital's portfolio value fell 13% quarter-over-quarter to $69.9M.
Based on Birch Grove Capital's 13F filing for Q1 2020, filed 15 May 2020.