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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
+2.62%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$230M
AUM Growth
+$38.7M
(+20%)
Cap. Flow
-$99.2M
Cap. Flow
% of AUM
-43.06%
Top 10 Holdings %
Top 10 Hldgs %
56.41%
Holding
55
New
10
Increased
8
Reduced
12
Closed
5
Avg Time Held Equity + Options
1.4
quarters
Top 10 Avg Time Held Equity + Options
1.5
quarters
Top 20 Avg Time Held Equity + Options
1.1
quarters
Avg Time Held Equity only
1.4
quarters
Top 10 Avg Time Held Equity only
1.5
quarters
Top 20 Avg Time Held Equity only
1.1
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CCVI.U
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
|
+$4.33M |
| 2 |
Churchill Capital Corp VII Units
CVIIU
|
+$4.13M |
| 3 |
WESCO International
WCC
|
+$3.47M |
| 4 |
Tenet Healthcare
THC
|
+$2.92M |
| 5 |
CVS Health
CVS
|
+$2.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CCIV.U
Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth
CCIV.U
|
+$3.09M |
| 2 |
iHeartMedia
IHRT
|
+$2.78M |
| 3 |
Six Flags Entertainment Corp.
SIX
|
+$2.53M |
| 4 |
ChampionX
CHX
|
+$2.28M |
| 5 |
Eagle Point Credit Company
ECC
|
+$1.93M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.54% |
| 2 | Healthcare | 6.12% |
| 3 | Industrials | 4.67% |
| 4 | Financials | 3.72% |
| 5 | Consumer Discretionary | 3.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
WillScot Mobile Mini Holdings
WSC
$2.94B
| $4.17M | 1.81% |
150,250
+41,000
| +38% | +$1.08M |
2020 Q3
2 quarters
|
|
|
CCV.U
2
DELISTED
Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant
CCV.U
| $4.08M | 1.77% |
400,000
| – | – |
2020 Q4
1 quarter
|
|
|
CCVI.U
3
DELISTED
Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
| $4.02M | 1.75% |
+400,000
| New | +$4.33M |
2021 Q1
0 quarters
|
|
|
4
DELISTED
Churchill Capital Corp VII Units
CVIIU
| $3.99M | 1.73% |
+400,000
| New | +$4.13M |
2021 Q1
0 quarters
|
|
5
SelectQuote
SLQT
$58.3M
| $3.77M | 1.64% |
127,831
+26,631
| +26% | +$698K |
2020 Q4
1 quarter
|
|
6
DELISTED
GoHealth
GOCO
| $3.66M | 1.59% |
20,847
+5,714
| +38% | +$1.15M |
2020 Q4
1 quarter
|
|
|
7
WESCO International
WCC
$17.2B
| $3.56M | 1.55% |
+41,200
| New | +$3.47M |
2021 Q1
0 quarters
|
|
|
8
DELISTED
ChampionX
CHX
| $3.17M | 1.37% |
145,700
-117,300
| -45% | -$2.28M |
2020 Q4
1 quarter
|
|
9
Newmark Group
NMRK
$2.06B
| $3.1M | 1.35% |
310,000
-168,000
| -35% | -$1.51M |
2020 Q2
3 quarters
|
|
10
Brink's
BCO
$4.23B
| $3.02M | 1.31% |
38,073
-8,850
| -19% | -$669K |
2020 Q3
2 quarters
|
|
|
11
Tenet Healthcare
THC
$21.9B
| $3M | 1.3% |
+57,700
| New | +$2.92M |
2021 Q1
0 quarters
|
|
12
Walt Disney
DIS
$187B
| $2.89M | 1.25% |
15,650
-6,250
| -29% | -$1.15M |
2020 Q2
3 quarters
|
|
13
BioMarin Pharmaceuticals
BMRN
$10.6B
| $2.67M | 1.16% |
35,350
+2,000
| +6% | +$163K |
2020 Q3
2 quarters
|
|
14
Claritev Corp
CTEV
$395M
| $2.65M | 1.15% |
11,950
+3,550
| +42% | +$1.02M |
2020 Q4
1 quarter
|
|
|
15
CVS Health
CVS
$115B
| $2.63M | 1.14% |
+34,900
| New | +$2.54M |
2021 Q1
0 quarters
|
|
|
16
Eagle Point Credit Company
ECC
$379M
| $2.58M | 1.12% |
215,624
-171,160
| -44% | -$1.93M |
2020 Q1
4 quarters
|
|
17
Callaway Golf Company
CALY
$2.42B
| $2.57M | 1.11% |
96,000
+17,500
| +22% | +$495K |
2020 Q4
1 quarter
|
|
18
Las Vegas Sands
LVS
$23.9B
| $2.48M | 1.07% |
40,750
-20,000
| -33% | -$1.17M |
2020 Q2
3 quarters
|
|
19
Howard Hughes
HHH
$4.12B
| $2.45M | 1.06% |
26,970
-5,245
| -16% | -$461K |
2020 Q2
3 quarters
|
|
20
Skillsoft
SKIL
$52.3M
| $2.28M | 0.99% |
11,411
+5,000
| +78% | +$1.02M |
2019 Q4
5 quarters
|
|
21
O-I Glass
OI
$879M
| $2.28M | 0.99% |
154,600
-21,900
| -12% | -$282K |
2020 Q2
3 quarters
|
|
22
Viatris
VTRS
$20.3B
| $1.86M | 0.81% |
+133,200
| New | +$2.17M |
2021 Q1
0 quarters
|
|
23
DHT Holdings
DHT
$4B
| $1.74M | 0.76% |
294,000
-164,000
| -36% | -$952K |
2020 Q3
2 quarters
|
|
24
DELISTED
Radius Health, Inc.
RDUS
| $1.28M | 0.56% |
61,532
+32,500
| +112% | +$685K |
2020 Q4
1 quarter
|
|
25
PUT
iShares Russell 2000 ETF
IWM
$76.4B
| $973K | 0.42% |
201,000
-242,100
| -55% | -$52.9M |
2020 Q4
1 quarter
|
|
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Birch Grove Capital's Q1 2021 Portfolio in Review
As of Q1 2021, Birch Grove Capital held 55 positions worth $230M, up 20% from $192M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Birch Grove Capital withdrew a net $99.2M in Q1 2021, closing 5 positions and reducing 12 holdings. Its most notable exit was Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth, an estimated $3.09M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 76% of assets, up from 73% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Birch Grove Capital opened a new position in Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant worth $4.02M.
- Birch Grove Capital's largest Q1 2021 buy was Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant: 400,000 shares worth $4.02M.
- Birch Grove Capital added most to GoHealth in Q1 2021, an estimated $1.15M increase.
- Birch Grove Capital's biggest Q1 2021 reduction was ChampionX, cutting an estimated $2.28M.
- Birch Grove Capital fully exited Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth in Q1 2021, selling an estimated $3.09M.
- Birch Grove Capital's ten largest holdings make up 56% of its $230M portfolio in Q1 2021.
- Birch Grove Capital opened 10 new positions and closed 5 in Q1 2021.
- Birch Grove Capital's portfolio value rose 20% quarter-over-quarter to $230M.
Based on Birch Grove Capital's 13F filing for Q1 2021, filed 17 May 2021.