Granite Point Capital Management Portfolio holdings

Granite Point Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Granite Point Capital Management held 203 positions worth $1.31B, down 52% from $2.7B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Granite Point Capital Management withdrew a net $1.37B in Q3 2021, closing 68 positions and reducing 33 holdings. Its most notable exit was Angel Pond Holdings Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant, an estimated $12M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 4% of assets, up from 2% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Granite Point Capital Management opened a new position in Angel Pond Holdings Corporation worth $11.6M.

• Granite Point Capital Management's largest Q3 2021 buy was Angel Pond Holdings Corporation: 1,200,000 shares worth $11.6M.
• Granite Point Capital Management added most to Pinduoduo in Q3 2021, an estimated $1.56M increase.
• Granite Point Capital Management's biggest Q3 2021 reduction was Alibaba, cutting an estimated $2.73M.
• Granite Point Capital Management fully exited Angel Pond Holdings Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in Q3 2021, selling an estimated $12M.
• Granite Point Capital Management's ten largest holdings make up 77% of its $1.31B portfolio in Q3 2021.
• Granite Point Capital Management opened 47 new positions and closed 68 in Q3 2021.
• Granite Point Capital Management's portfolio value fell 52% quarter-over-quarter to $1.31B.

Based on Granite Point Capital Management's 13F filing for Q3 2021, filed 10 Nov 2021.