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BP

Boston Provident Portfolio holdings

AUM $117M
1-Year Est. Return 0.5%
This Fund
S&P 500
This Quarter Est. Return
+1.61%
1 Year Est. Return
-0.5%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$280M
AUM Growth
+$64.4M
Cap. Flow
+$57M
Cap. Flow %
20.36%
Top 10 Hldgs %
66.37%
Holding
50
New
7
Increased
11
Reduced
10
Closed
13

Top Buys

Rank Stock Value
1
ASPS icon
Altisource Portfolio Solutions
ASPS
+$29.2M
2
ONIT
Onity Group
ONIT
+$23.9M
3
AAMC
Altisource Asset Management Corp
AAMC
+$15.8M
4
LADR
Ladder Capital
LADR
+$11.5M
5
VGR
Vector Group Ltd.
VGR
+$9.13M

Top Sells

Rank Stock Value
1
PMT
PennyMac Mortgage Investment
PMT
+$7.72M
2
AER icon
AerCap
AER
+$7.13M
3
NRF
NorthStar Realty Finance Corp.
NRF
+$6.14M
4
LPLA icon
LPL Financial
LPLA
+$5.72M
5
BX icon
Blackstone
BX
+$5.05M

Sector Composition

Rank Sector Weight
1 Real Estate 47.53%
2 Financials 34.61%
3 Energy 4.33%
4 Consumer Staples 3.71%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAMC
1
DELISTED
Altisource Asset Management Corp
AAMC
$36M 12.88%
57,025
+27,646
+94% +$15.8M
ASPS icon
2
Altisource Portfolio Solutions
ASPS
$71.6M
$32.3M 11.56%
33,237
+28,780
+646% +$29.2M
ONIT
3
Onity Group
ONIT
$344M
$25.9M 9.26%
44,097
+36,903
+513% +$23.9M
NRF
4
DELISTED
NorthStar Realty Finance Corp.
NRF
$23.7M 8.47%
747,942
-208,913
-22% -$6.14M
RESI
5
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$12.3M 4.38%
388,780
+21,562
+6% +$651K
LADR
6
Ladder Capital
LADR
$1.28B
$12.2M 4.36%
+805,958
New +$11.5M
OSG
7
Octave Specialty Group
OSG
$275M
$11.7M 4.17%
376,228
-73,189
-16% -$2.02M
HLSS
8
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
$10.8M 3.86%
500,228
+255,521
+104% +$5.45M
VGR
9
DELISTED
Vector Group Ltd.
VGR
$10.4M 3.71%
+910,879
New +$9.13M
CUBI icon
10
Customers Bancorp
CUBI
$2.65B
$10.4M 3.71%
547,195
-13,870
-2% -$253K
CHMI
11
Cherry Hill Mortgage Investment Corp
CHMI
$86.3M
$9.73M 3.48%
519,082
+2,936
+0.6% +$54.1K
BX icon
12
Blackstone
BX
$155B
$6.61M 2.36%
202,589
-158,351
-44% -$5.05M
AHD
13
DELISTED
ATLAS ENERGY L P COM UNITS REPSTG LTD PARTNER INT (DE)
AHD
$6.37M 2.28%
147,927
-23,496
-14% -$1.01M
BANC icon
14
Banc of California
BANC
$3.27B
$6.29M 2.25%
513,071
+313,482
+157% +$4.06M
REXI
15
DELISTED
RESOURCE AMERICA INC CL-A
REXI
$5.94M 2.12%
693,110
+31,786
+5% +$290K
TBBK icon
16
The Bancorp
TBBK
$2.85B
$5.92M 2.12%
314,737
-110,533
-26% -$2.09M
ARP
17
DELISTED
ATLAS RESOURCE PARTNERS L P COM UIT REPSTG LTD PTNRS
ARP
$5.75M 2.06%
275,403
-153,939
-36% -$3.32M
JGW
18
DELISTED
J G WENTWORTH CO CL A COM STK (DE)
JGW
$5.52M 1.97%
302,426
-159,778
-35% -$2.81M
C icon
19
Citigroup
C
$217B
$4.74M 1.69%
99,543
– –
STC icon
20
Stewart Information Services
STC
$2.19B
$4.71M 1.68%
+134,217
New +$4.61M
AFH
21
DELISTED
Atlas Financial Holdings, Inc. Ordinary Shares
AFH
$3.61M 1.29%
263,873
– –
BKU icon
22
Bankunited
BKU
$3.55B
$3.28M 1.17%
+94,359
New +$3.08M
GCAP
23
DELISTED
Gain Capital Holdings, Inc.
GCAP
$3.07M 1.1%
283,626
+165,754
+141% +$1.62M
CIT
24
DELISTED
CIT Group Inc.
CIT
$2.99M 1.07%
61,057
– –
AGM icon
25
Federal Agricultural Mortgage
AGM
$2.23B
$2.86M 1.02%
86,028
– –
1
2

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TIC
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NCM
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PRC
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OCM
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IRS
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IMS
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BCM
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Boston Provident's Q1 2014 Portfolio in Review

As of Q1 2014, Boston Provident held 50 positions worth $280M, up 30% from $215M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Boston Provident deployed $57M of net new capital in Q1 2014, opening 7 new positions and adding to 11 existing holdings. Its largest new stake was Ladder Capital: 805,958 shares worth $12.2M.

By sector, the portfolio is most concentrated in Real Estate at 48% of assets, up from 37% a quarter earlier, followed by Financials and Energy.

On the sell side, the largest reduction was NorthStar Realty Finance Corp., an estimated $6.14M trimmed.

  • Boston Provident's largest Q1 2014 buy was Ladder Capital: 805,958 shares worth $12.2M.
  • Boston Provident added most to Altisource Portfolio Solutions in Q1 2014, an estimated $29.2M increase.
  • Boston Provident's biggest Q1 2014 reduction was NorthStar Realty Finance Corp., cutting an estimated $6.14M.
  • Boston Provident fully exited PennyMac Mortgage Investment in Q1 2014, selling an estimated $7.72M.
  • Boston Provident's ten largest holdings make up 66% of its $280M portfolio in Q1 2014.
  • Boston Provident opened 7 new positions and closed 13 in Q1 2014.
  • Boston Provident's portfolio value rose 30% quarter-over-quarter to $280M.

Based on Boston Provident's 13F filing for Q1 2014, filed 15 May 2014.