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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
-12.05%
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
$1.22B
AUM Growth
-$707M
Cap. Flow
-$388M
Cap. Flow %
-31.75%
Top 10 Hldgs %
93.79%
Holding
31
New
7
Increased
3
Reduced
3
Closed
4

Top Buys

1
VRS
Verso Corporation
VRS
+$17.1M
2
WTI icon
W&T Offshore
WTI
+$7.79M
3
MRT
MedEquities Realty Trust, Inc.
MRT
+$7.43M
4
NRP icon
Natural Resource Partners
NRP
+$2.19M
5
CVEO icon
Civeo
CVEO
+$1.59M

Top Sells

1
SUI icon
Sun Communities
SUI
+$255M
2
STAY
Extended Stay America, Inc. Paired Share Unit
STAY
+$77.2M
3
OSG
Octave Specialty Group
OSG
+$897K
4
GNK icon
Genco Shipping & Trading
GNK
+$26

Sector Composition

1 Consumer Discretionary 44.21%
2 Financials 9.92%
3 Utilities 5.09%
4 Communication Services 2.07%
5 Energy 1.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STAY
1
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$530M 43.38%
37,348,258
-5,313,333
-12% -$77.2M
ARA
2
DELISTED
American Renal Associates Holdings, Inc
ARA
$322M 26.33%
17,615,836
– –
CLR
3
PUT
DELISTED
CONTINENTAL RESOURCES INC.
CLR
$67.5M 5.53%
1,300,000
– –
AY
4
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$62.2M 5.09%
3,271,454
– –
ALLY icon
5
Ally Financial
ALLY
$14.3B
$53.7M 4.39%
2,757,415
– –
SNC
6
DELISTED
State National Companies, Inc.
SNC
$46.1M 3.77%
4,145,000
– –
TRCO
7
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$25.1M 2.06%
688,024
– –
OSG
8
Octave Specialty Group
OSG
$275M
$14.9M 1.22%
812,141
-50,000
-6% -$897K
VRS
9
DELISTED
Verso Corporation
VRS
$13M 1.07%
+2,022,861
New +$17.1M
YPF icon
10
YPF
YPF
$19B
$11.8M 0.96%
646,835
– –
GNK icon
11
Genco Shipping & Trading
GNK
$1.1B
$10.4M 0.85%
2,276,158
-5
-0% -$26
CVEO icon
12
Civeo
CVEO
$383M
$10.1M 0.83%
740,318
+97,409
+15% +$1.59M
CRESY
13
Cresud
CRESY
$772M
$9.38M 0.77%
589,748
– –
IRS
14
IRSA Inversiones y Representaciones
IRS
$1.28B
$8.53M 0.7%
466,117
– –
MRT
15
DELISTED
MedEquities Realty Trust, Inc.
MRT
$7.48M 0.61%
+637,000
New +$7.43M
WTI icon
16
W&T Offshore
WTI
$495M
$7.25M 0.59%
+4,121,051
New +$7.79M
COOP
17
DELISTED
Mr. Cooper
COOP
$6.09M 0.5%
216,989
– –
NRP icon
18
Natural Resource Partners
NRP
$1.3B
$3.59M 0.29%
128,749
+97,837
+317% +$2.19M
AREX
19
DELISTED
Approach Resources Inc.
AREX
$1.58M 0.13%
+468,755
New +$1.19M
MUR icon
20
PUT
Murphy Oil
MUR
$5.08B
$1.52M 0.12%
50,000
– –
GST
21
DELISTED
Gastar Exploration Inc.
GST
$1.3M 0.11%
+1,539,000
New +$1.44M
JCAP
22
DELISTED
Jernigan Capital, Inc.
JCAP
$1.09M 0.09%
57,100
– –
QUAD icon
23
Quad
QUAD
$451M
$636K 0.05%
23,777
+11,804
+99% +$313K
WAC
24
DELISTED
Walter Investment Mgt Corp
WAC
$517K 0.04%
+127,433
New +$402K
I
25
DELISTED
INTELSAT S. A.
I
$381K 0.03%
+140,729
New +$380K
1
2

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NI
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Centerbridge Partners's Q3 2016 Portfolio in Review

As of Q3 2016, Centerbridge Partners held 31 positions worth $1.22B, down 37% from $1.93B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Centerbridge Partners withdrew a net $388M in Q3 2016, closing 4 positions and reducing 3 holdings. Its most notable exit was Sun Communities, an estimated $255M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 44% of assets, up from 34% a quarter earlier, followed by Financials and Utilities.

Against the trend, Centerbridge Partners opened a new position in Verso Corporation worth $13M.

  • Centerbridge Partners's largest Q3 2016 buy was Verso Corporation: 2,022,861 shares worth $13M.
  • Centerbridge Partners added most to Natural Resource Partners in Q3 2016, an estimated $2.19M increase.
  • Centerbridge Partners's biggest Q3 2016 reduction was Extended Stay America, Inc. Paired Share Unit, cutting an estimated $77.2M.
  • Centerbridge Partners fully exited Sun Communities in Q3 2016, selling an estimated $255M.
  • Centerbridge Partners's ten largest holdings make up 94% of its $1.22B portfolio in Q3 2016.
  • Centerbridge Partners opened 7 new positions and closed 4 in Q3 2016.
  • Centerbridge Partners's portfolio value fell 37% quarter-over-quarter to $1.22B.

Based on Centerbridge Partners's 13F filing for Q3 2016, filed 14 Nov 2016.