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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
Cap. Flow
-$61.7M
Cap. Flow %
-88.33%
Top 10 Hldgs %
99.66%
Holding
20
New
4
Increased
1
Reduced
1
Closed
7

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
SKIL icon
Skillsoft
SKIL
+$557K
3
ECC
Eagle Point Credit Company
ECC
+$331K

Top Sells

Rank Stock Value
1
HABT
The Habit Restaurants, Inc. - Class A
HABT
+$209K
2
ICD
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
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
SKIL icon
2
Skillsoft
SKIL
$59.5M
$1.28M 1.83%
6,411
+2,661
+71% +$557K
CCX.U
3
DELISTED
Churchill Capital Corp II
CCX.U
$1.03M 1.48%
100,000
– –
ICD
4
DELISTED
Independence Contract Drilling, Inc.
ICD
$297K 0.42%
212,101
-532
-0.3% -$5.55K
ECC
5
Eagle Point Credit Company
ECC
$508M
$173K 0.25%
+25,300
New +$331K
EGLE
6
CALL
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$44K 0.06%
+50,000
New +$1.11M
XOM icon
7
CALL
ExxonMobil
XOM
$645B
$20K 0.03%
+700,000
New +$38.7M
CAG icon
8
CALL
Conagra Brands
CAG
$7.68B
– –
-60,000
Closed -$90K
CAG icon
9
PUT
Conagra Brands
CAG
$7.68B
– –
-119,800
Closed -$3K
JAZZ icon
10
PUT
Jazz Pharmaceuticals
JAZZ
$16.3B
– –
-14,700
Closed -$11K
KR icon
11
CALL
Kroger
KR
$34.9B
– –
-60,000
Closed -$72K
KR icon
12
PUT
Kroger
KR
$34.9B
– –
-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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DA
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RJTCONH
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RVM
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HSC
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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.