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BRAM
Black River Asset Management Portfolio holdings
AUM
$2.61M
1-Year Est. Return
19.78%
This Fund
S&P 500
This Quarter
Est. Return
+1.8%
1 Year Est. Return
-19.78%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$88.3M
AUM Growth
+$11.8M
(+15%)
Cap. Flow
+$11M
Cap. Flow
% of AUM
12.43%
Top 10 Holdings %
Top 10 Hldgs %
88.84%
Holding
29
New
6
Increased
8
Reduced
2
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Grupo Aval
AVAL
|
+$27.3M |
| 2 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$7.15M |
| 3 |
LO
LORILLARD INC COM STK
LO
|
+$4.74M |
| 4 |
Santander
BSBR
|
+$3.86M |
| 5 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$2.97M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$9.91M |
| 2 |
Liberty Global Class C
LBTYK
|
+$8.71M |
| 3 |
FRX
FOREST LABORATORIES INC
FRX
|
+$6.77M |
| 4 |
BHP
BHP
|
+$5M |
| 5 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$3.96M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.92% |
| 2 | Energy | 14.34% |
| 3 | Consumer Discretionary | 8.21% |
| 4 | Communication Services | 7.48% |
| 5 | Consumer Staples | 5.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Grupo Aval
AVAL
$5.86B
| $27.1M | 30.69% |
+2,000,000
| New | +$27.3M |
|
2
YPF
YPF
$20.3B
| $9.74M | 11.03% |
263,271
+1,169
| +0.4% | +$40.9K |
|
|
BRSL
3
Brightstar Lottery PLC
BRSL
$1.91B
| $7.25M | 8.22% |
+430,000
| New | +$7.15M |
|
|
HCBK
4
DELISTED
HUDSON CITY BANCORP INC
HCBK
| $6.71M | 7.6% |
690,000
| – | – |
|
|
LO
5
DELISTED
LORILLARD INC COM STK
LO
| $4.69M | 5.31% |
+78,229
| New | +$4.74M |
|
|
TWC
6
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $4.48M | 5.08% |
31,250
+20,000
| +178% | +$2.97M |
|
7
Banco Macro
BMA
$5.76B
| $3.89M | 4.41% |
98,251
+16,604
| +20% | +$651K |
|
|
8
Santander
BSBR
$39.8B
| $3.71M | 4.2% |
+592,272
| New | +$3.86M |
|
9
Galicia Financial Group
GGAL
$8B
| $3.07M | 3.48% |
216,167
+50,962
| +31% | +$738K |
|
|
GAME
10
DELISTED
SHANDA GAMES LTD SPON ADR REPSTG CL A (CAYMAN ISLANDS)
GAME
| $2.35M | 2.67% |
360,000
+50,000
| +16% | +$326K |
|
11
Transportadora de Gas del Sur
TGS
$4.64B
| $2.17M | 2.45% |
677,700
+83,405
| +14% | +$241K |
|
12
Telecom Argentina
TEO
$5.83B
| $2.12M | 2.4% |
104,335
+22,482
| +27% | +$478K |
|
|
OA
13
DELISTED
Orbital ATK, Inc.
OA
| $1.02M | 1.16% |
+8,000
| New | +$1.05M |
|
14
BBVA Argentina
BBAR
$3.86B
| $1M | 1.14% |
77,823
-21,433
| -22% | -$261K |
|
|
PZE
15
DELISTED
Petrobras Argentina S A
PZE
| $756K | 0.86% |
115,617
+91,406
| +378% | +$600K |
|
|
CRESY
16
Cresud
CRESY
$793M
| $433K | 0.49% |
45,126
-23,026
| -34% | -$250K |
|
17
Credicorp
BAP
$30.8B
| – | – |
-3,000
| Closed | -$466K |
|
|
18
BHP
BHP
$211B
| – | – |
-86,334
| Closed | -$5M |
|
|
EDN
19
Edenor
EDN
$1.16B
| – | – |
-25,187
| Closed | -$318K |
|
|
GRFS
20
Grifois
GRFS
$5.15B
| – | – |
-165,460
| Closed | -$3.64M |
|
|
21
Liberty Global Class C
LBTYK
$3.27B
| – | – |
-254,309
| Closed | -$8.71M |
|
22
Pampa Energía
PAM
$4.78B
| – | – |
-119,825
| Closed | -$1.17M |
|
|
TFCF
23
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| – | – |
-289,399
| Closed | -$9.91M |
|
|
SWY
24
DELISTED
SAFEWAY INC
SWY
| – | – |
-59,400
| Closed | -$2.04M |
|
|
QCOR
25
DELISTED
QUESTCOR PHARMA INC
QCOR
| – | – |
-11,950
| Closed | -$1.1M |
|
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Black River Asset Management's Q3 2014 Portfolio in Review
As of Q3 2014, Black River Asset Management held 29 positions worth $88.3M, up 15% from $76.5M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Black River Asset Management deployed $11M of net new capital in Q3 2014, opening 6 new positions and adding to 8 existing holdings. Its largest new stake was Grupo Aval: 2,000,000 shares worth $27.1M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 9.1% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was BBVA Argentina, an estimated $261K trimmed.
- Black River Asset Management's largest Q3 2014 buy was Grupo Aval: 2,000,000 shares worth $27.1M.
- Black River Asset Management added most to TIME WARNER CABLE INC NEW COM STK in Q3 2014, an estimated $2.97M increase.
- Black River Asset Management's biggest Q3 2014 reduction was BBVA Argentina, cutting an estimated $261K.
- Black River Asset Management fully exited Twenty-First Century Fox, Inc. Class B in Q3 2014, selling an estimated $9.91M.
- Black River Asset Management's ten largest holdings make up 89% of its $88.3M portfolio in Q3 2014.
- Black River Asset Management opened 6 new positions and closed 12 in Q3 2014.
- Black River Asset Management's portfolio value rose 15% quarter-over-quarter to $88.3M.
Based on Black River Asset Management's 13F filing for Q3 2014, filed 14 Nov 2014.