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Centerbridge Partners Portfolio holdings

AUM $61.1M
1-Year Est. Return 3.67%
This Fund
S&P 500
This Quarter Est. Return
-1.6%
1 Year Est. Return
+3.67%
3 Year Est. Return
+16.09%
5 Year Est. Return
+20.97%
10 Year Est. Return
+25.5%
AUM
$2.46B
AUM Growth
-$710M
Cap. Flow
-$625M
Cap. Flow %
-25.42%
Top 10 Hldgs %
89.11%
Holding
30
New
1
Increased
9
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
CNP icon
CenterPoint Energy
CNP
+$26.6M
2
PNK
Pinnacle Entertainment Inc.
PNK
+$25.4M
3
EE
El Paso Electric Company
EE
+$18.1M
4
YPF icon
YPF
YPF
+$14M
5
OSG
Octave Specialty Group
OSG
+$4.82M

Top Sells

Rank Stock Value
1
CIT
CIT Group Inc.
CIT
+$289M
2
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$187M
3
VC icon
Visteon
VC
+$67.3M
4
DOOR
MASONITE INTERNATIONAL CORP
DOOR
+$11.5M
5
GRT
GLIMCHER REALTY TRUST
GRT
+$8.97M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 48.41%
2 Real Estate 17.34%
3 Financials 15.66%
4 Utilities 4.57%
5 Industrials 3.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STAY
1
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$1.13B 46.05%
47,661,591
-8,050,000
-14% -$187M
BRX icon
2
Brixmor Property Group
BRX
$9.99B
$404M 16.44%
18,147,112
-1
-0% -$23
ALLY icon
3
Ally Financial
ALLY
$14B
$189M 7.69%
8,161,580
-181,390
-2% -$4.33M
CNP icon
4
CenterPoint Energy
CNP
$28.2B
$92.9M 3.78%
3,797,018
+1,083,000
+40% +$26.6M
IWM icon
5
PUT
iShares Russell 2000 ETF
IWM
$82.2B
$82M 3.34%
750,000
-600,000
-44% -$68.6M
SC
6
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
$73.6M 2.99%
4,130,826
– –
JCP
7
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
$62.4M 2.54%
6,213,100
– –
VC icon
8
Visteon
VC
$2.8B
$57.6M 2.34%
592,362
-672,600
-53% -$67.3M
OSG
9
Octave Specialty Group
OSG
$275M
$48.8M 1.99%
2,208,114
+205,006
+10% +$4.82M
QUAD icon
10
Quad
QUAD
$445M
$47.9M 1.95%
2,487,808
+206,736
+9% +$4.48M
MBI icon
11
MBIA
MBI
$333M
$41.9M 1.7%
4,562,300
-100,000
-2% -$983K
YPF icon
12
YPF
YPF
$19.5B
$34.7M 1.41%
936,835
+400,000
+75% +$14M
PNK
13
DELISTED
Pinnacle Entertainment Inc.
PNK
$33.9M 1.38%
1,351,913
+1,035,913
+328% +$25.4M
CIT
14
DELISTED
CIT Group Inc.
CIT
$31.6M 1.29%
687,559
-6,093,872
-90% -$289M
BALT
15
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
$30M 1.22%
7,250,000
– –
IRS
16
IRSA Inversiones y Representaciones
IRS
$1.28B
$21.2M 0.86%
1,602,459
+46,092
+3% +$682K
GM.WS.A
17
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
$20.3M 0.83%
908,052
– –
EE
18
DELISTED
El Paso Electric Company
EE
$19.3M 0.79%
528,600
+479,100
+968% +$18.1M
PRKS icon
19
CALL
United Parks & Resorts
PRKS
$2.13B
$10.6M 0.43%
+549,700
New +$13.1M
MBI icon
20
CALL
MBIA
MBI
$333M
$10.4M 0.42%
1,137,100
+384,417
+51% +$3.78M
NSR
21
PUT
DELISTED
Neustar Inc
NSR
$9.22M 0.38%
371,400
– –
CRESY
22
Cresud
CRESY
$762M
$3.15M 0.13%
328,744
+83,896
+34% +$912K
GLPI icon
23
Gaming and Leisure Properties
GLPI
$12.8B
$863K 0.04%
27,925
– –
PENN icon
24
PENN Entertainment
PENN
$2.75B
$499K 0.02%
44,514
– –
GM icon
25
General Motors
GM
$68.6B
– –
-59,430
Closed -$2.16M
1
2

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Centerbridge Partners's Q3 2014 Portfolio in Review

As of Q3 2014, Centerbridge Partners held 30 positions worth $2.46B, down 22% from $3.17B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Centerbridge Partners withdrew a net $625M in Q3 2014, closing 6 positions and reducing 7 holdings. Its most notable exit was MASONITE INTERNATIONAL CORP, an estimated $11.5M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 48% of assets, up from 45% a quarter earlier, followed by Real Estate and Financials.

Against the trend, Centerbridge Partners added an estimated $26.6M to CenterPoint Energy.

  • Centerbridge Partners added most to CenterPoint Energy in Q3 2014, an estimated $26.6M increase.
  • Centerbridge Partners's biggest Q3 2014 reduction was CIT Group Inc., cutting an estimated $289M.
  • Centerbridge Partners fully exited MASONITE INTERNATIONAL CORP in Q3 2014, selling an estimated $11.5M.
  • Centerbridge Partners's ten largest holdings make up 89% of its $2.46B portfolio in Q3 2014.
  • Centerbridge Partners opened 1 new position and closed 6 in Q3 2014.
  • Centerbridge Partners's portfolio value fell 22% quarter-over-quarter to $2.46B.

Based on Centerbridge Partners's 13F filing for Q3 2014, filed 14 Nov 2014.