Bow Street Portfolio holdings

Bow Street's Q2 2014 Portfolio in Review

As of Q2 2014, Bow Street held 48 positions worth $300M, up 43% from $210M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Bow Street deployed $72.2M of net new capital in Q2 2014, opening 22 new positions and adding to 1 existing holding. Its largest new stake was Investors Bancorp, Inc.: 1,231,090 shares worth $13.6M.

By sector, the portfolio is most concentrated in Financials at 9.5% of assets, up from 2.4% a quarter earlier, followed by Energy and Real Estate.

On the sell side, the largest reduction was Cheniere Energy, an estimated $3.99M trimmed.

• Bow Street's largest Q2 2014 buy was Investors Bancorp, Inc.: 1,231,090 shares worth $13.6M.
• Bow Street added most to Allergan plc in Q2 2014, an estimated $2.62M increase.
• Bow Street's biggest Q2 2014 reduction was Cheniere Energy, cutting an estimated $3.99M.
• Bow Street fully exited DigitalGlobe Inc. in Q2 2014, selling an estimated $8M.
• Bow Street's ten largest holdings make up 63% of its $300M portfolio in Q2 2014.
• Bow Street opened 22 new positions and closed 15 in Q2 2014.
• Bow Street's portfolio value rose 43% quarter-over-quarter to $300M.

Based on Bow Street's 13F filing for Q2 2014, filed 13 Aug 2014.