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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
+5.21%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$121M
AUM Growth
+$50.7M
(+73%)
Cap. Flow
-$17.5M
Cap. Flow
% of AUM
-14.49%
Top 10 Holdings %
Top 10 Hldgs %
78.63%
Holding
45
New
29
Increased
1
Reduced
–
Closed
2
Avg Time Held Equity + Options
0.6
quarters
Top 10 Avg Time Held Equity + Options
1.9
quarters
Top 20 Avg Time Held Equity + Options
1.3
quarters
Avg Time Held Equity only
0.8
quarters
Top 10 Avg Time Held Equity only
1.9
quarters
Top 20 Avg Time Held Equity only
1.3
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$2.16M |
| 2 |
Envista
NVST
|
+$1.77M |
| 3 |
iHeartMedia
IHRT
|
+$1.31M |
| 4 |
Las Vegas Sands
LVS
|
+$1.3M |
| 5 |
Surgery Partners
SGRY
|
+$1.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Independence Contract Drilling, Inc.
ICD
|
+$297K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 83.33% |
| 2 | Financials | 3.28% |
| 3 | Consumer Discretionary | 3.2% |
| 4 | Healthcare | 2.99% |
| 5 | Communication Services | 2.07% |
| 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
| $3.39M | 2.81% |
300,000
| – | – |
2020 Q1
1 quarter
|
|
|
ATH
2
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $2.42M | 2% |
+77,475
| New | +$2.16M |
2020 Q2
0 quarters
|
|
|
3
Envista
NVST
$3.65B
| $1.99M | 1.65% |
+94,500
| New | +$1.77M |
2020 Q2
0 quarters
|
|
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $1.54M | 1.27% |
+234,800
| New | +$68.7M |
2020 Q2
0 quarters
|
|
5
Skillsoft
SKIL
$57M
| $1.45M | 1.2% |
6,411
| – | – |
2019 Q4
2 quarters
|
|
|
6
iHeartMedia
IHRT
$296M
| $1.41M | 1.17% |
+168,500
| New | +$1.31M |
2020 Q2
0 quarters
|
|
7
Eagle Point Credit Company
ECC
$412M
| $1.28M | 1.07% |
180,784
+155,484
| +615% | +$1.02M |
2020 Q1
1 quarter
|
|
|
8
Las Vegas Sands
LVS
$23.4B
| $1.26M | 1.05% |
+27,750
| New | +$1.3M |
2020 Q2
0 quarters
|
|
|
CCX.U
9
DELISTED
Churchill Capital Corp II
CCX.U
| $1.22M | 1.01% |
100,000
| – | – |
2019 Q3
3 quarters
|
|
10
Sabre
SABR
$759M
| $1.21M | 1.01% |
+150,500
| New | +$1.07M |
2020 Q2
0 quarters
|
|
11
Boyd Gaming
BYD
$5.04B
| $1.17M | 0.97% |
+56,000
| New | +$1.02M |
2020 Q2
0 quarters
|
|
|
12
Surgery Partners
SGRY
$1.86B
| $1.17M | 0.97% |
+100,692
| New | +$1.1M |
2020 Q2
0 quarters
|
|
13
JPMorgan Chase
JPM
$889B
| $988K | 0.82% |
+10,500
| New | +$996K |
2020 Q2
0 quarters
|
|
14
Newmark Group
NMRK
$2.13B
| $972K | 0.81% |
+200,000
| New | +$841K |
2020 Q2
0 quarters
|
|
15
Sysco
SYY
$38.7B
| $880K | 0.73% |
+16,100
| New | +$846K |
2020 Q2
0 quarters
|
|
16
Astronics
ATRO
$2.72B
| $845K | 0.7% |
+96,000
| New | +$750K |
2020 Q2
0 quarters
|
|
17
Howard Hughes
HHH
$4.32B
| $831K | 0.69% |
+16,784
| New | +$845K |
2020 Q2
0 quarters
|
|
18
O-I Glass
OI
$910M
| $831K | 0.69% |
+92,500
| New | +$715K |
2020 Q2
0 quarters
|
|
19
DELISTED
Six Flags Entertainment Corp.
SIX
| $620K | 0.51% |
+32,250
| New | +$641K |
2020 Q2
0 quarters
|
|
20
Cedar Fair
FUN
$1.22B
| $591K | 0.49% |
+21,500
| New | +$612K |
2020 Q2
0 quarters
|
|
21
Goldman Sachs
GS
$260B
| $553K | 0.46% |
+2,800
| New | +$526K |
2020 Q2
0 quarters
|
|
22
Walt Disney
DIS
$187B
| $474K | 0.39% |
+4,250
| New | +$469K |
2020 Q2
0 quarters
|
|
23
HCA Healthcare
HCA
$99.3B
| $446K | 0.37% |
+4,600
| New | +$478K |
2020 Q2
0 quarters
|
|
|
24
CALL
Goldman Sachs
GS
$260B
| $422K | 0.35% |
+29,000
| New | +$5.44M |
2020 Q2
0 quarters
|
|
|
25
CALL
O-I Glass
OI
$910M
| $231K | 0.19% |
+214,500
| New | +$1.66M |
2020 Q2
0 quarters
|
|
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Birch Grove Capital's Q2 2020 Portfolio in Review
As of Q2 2020, Birch Grove Capital held 45 positions worth $121M, up 73% from $69.9M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Birch Grove Capital withdrew a net $17.5M in Q2 2020, closing 2 positions. Its most notable exit was Independence Contract Drilling, Inc., an estimated $297K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 83% of assets, down from 98% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Birch Grove Capital opened a new position in Athene Holding Ltd. Class A Common Shares worth $2.42M.
- Birch Grove Capital's largest Q2 2020 buy was Athene Holding Ltd. Class A Common Shares: 77,475 shares worth $2.42M.
- Birch Grove Capital added most to Eagle Point Credit Company in Q2 2020, an estimated $1.02M increase.
- Birch Grove Capital fully exited Independence Contract Drilling, Inc. in Q2 2020, selling an estimated $297K.
- Birch Grove Capital's ten largest holdings make up 79% of its $121M portfolio in Q2 2020.
- Birch Grove Capital opened 29 new positions and closed 2 in Q2 2020.
- Birch Grove Capital's portfolio value rose 73% quarter-over-quarter to $121M.
Based on Birch Grove Capital's 13F filing for Q2 2020, filed 14 Aug 2020.