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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
-0.21%
1 Year Est. Return
+0.22%
3 Year Est. Return
-2.66%
5 Year Est. Return
+14%
10 Year Est. Return
–
AUM
$202M
AUM Growth
-$54.5M
Cap. Flow
-$212M
Cap. Flow %
-104.96%
Top 10 Hldgs %
70.18%
Holding
37
New
–
Increased
–
Reduced
4
Closed
2

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
STRY
Starry Group Holdings, Inc.
STRY
+$6.17M
2
CHX
ChampionX
CHX
+$1.51M
3
KAMN
Kaman Corp
KAMN
+$430K

Sector Composition

Rank Sector Weight
1 Miscellaneous 96.57%
2 Industrials 2.59%
3 Healthcare 0.84%
4 Communication Services 0%
5 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPR
1
DELISTED
Spirit AeroSystems
SPR
$2.16M 1.07%
72,820
– –
BCO icon
2
Brink's
BCO
$4.51B
$2.03M 1.01%
37,873
– –
NOTV
3
DELISTED
Inotiv
NOTV
$1.46M 0.72%
296,097
– –
QQQ icon
4
PUT
Invesco QQQ Trust
QQQ
$493B
$1.09M 0.54%
175,000
-255,000
-59% -$70.5M
KAMN
5
DELISTED
Kaman Corp
KAMN
$1.03M 0.51%
46,124
-17,750
-28% -$430K
HYG icon
6
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
$452K 0.22%
800,000
-710,500
-47% -$52.4M
IWM icon
7
PUT
iShares Russell 2000 ETF
IWM
$81.9B
$377K 0.19%
155,000
-145,000
-48% -$25.8M
CTEV
8
Claritev Corp
CTEV
$649M
$232K 0.12%
5,053
– –
CCVI.WS
9
DELISTED
Churchill Capital Corp VI Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
CCVI.WS
$5.69K ﹤0.01%
80,000
– –
SKIL.WS
10
DELISTED
Skillsoft Corp. Warrants, each whole warrant is exercisable for 1/20th of a share of Class A Common Stock at an exercise price of $230.00
SKIL.WS
$4.23K ﹤0.01%
33,332
– –
MPLN.WS
11
DELISTED
MultiPlan Corporation Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
MPLN.WS
$3.75K ﹤0.01%
75,000
– –
CVIIW
12
DELISTED
Churchill Capital Corp VII Warrants
CVIIW
$2.64K ﹤0.01%
80,000
– –
CCV.WS
13
DELISTED
Churchill Capital Corp V Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share
CCV.WS
$2K ﹤0.01%
100,000
– –
CHX
14
DELISTED
ChampionX
CHX
– –
-77,350
Closed -$1.51M
STRY
15
DELISTED
Starry Group Holdings, Inc.
STRY
– –
-670,939
Closed -$6.17M

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DA
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RJTCONH
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RVM
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HSC
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JDR
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KIM
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Birch Grove Capital's Q4 2022 Portfolio in Review

As of Q4 2022, Birch Grove Capital held 37 positions worth $202M, down 21% from $256M the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Birch Grove Capital withdrew a net $212M in Q4 2022, closing 2 positions and reducing 4 holdings. Its most notable exit was Starry Group Holdings, Inc., an estimated $6.17M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, up from 93% a quarter earlier, followed by Industrials and Healthcare.

  • Birch Grove Capital's biggest Q4 2022 reduction was Kaman Corp, cutting an estimated $430K.
  • Birch Grove Capital fully exited Starry Group Holdings, Inc. in Q4 2022, selling an estimated $6.17M.
  • Birch Grove Capital's ten largest holdings make up 70% of its $202M portfolio in Q4 2022.
  • Birch Grove Capital opened 0 new positions and closed 2 in Q4 2022.
  • Birch Grove Capital's portfolio value fell 21% quarter-over-quarter to $202M.

Based on Birch Grove Capital's 13F filing for Q4 2022, filed 14 Feb 2023.