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PCM
Proxima Capital Management Portfolio holdings
AUM
$21M
1-Year Est. Return
3.49%
This Fund
S&P 500
This Quarter
Est. Return
-21.41%
1 Year Est. Return
-3.49%
3 Year Est. Return
-20.75%
5 Year Est. Return
+29.82%
10 Year Est. Return
–
AUM
$401M
AUM Growth
-$299M
(-43%)
Cap. Flow
-$172M
Cap. Flow
% of AUM
-42.9%
Top 10 Holdings %
Top 10 Hldgs %
52.18%
Holding
50
New
7
Increased
9
Reduced
23
Closed
9
Top Buys
| 1 |
Olin
OLN
|
+$15.4M |
| 2 |
PayPal
PYPL
|
+$12M |
| 3 |
ERF
Enerplus Corporation
ERF
|
+$6.34M |
| 4 |
Terex
TEX
|
+$5.78M |
| 5 |
ATML
ATMEL CORP
ATML
|
+$4.39M |
Top Sells
| 1 |
Group 1 Automotive
GPI
|
+$18.4M |
| 2 |
eBay
EBAY
|
+$16.6M |
| 3 |
EQC
Equity Commonwealth
EQC
|
+$11.3M |
| 4 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$11.1M |
| 5 |
PPLI
People Inc
PPLI
|
+$8.76M |
Sector Composition
| 1 | Financials | 21.14% |
| 2 | Industrials | 20.66% |
| 3 | Energy | 16.07% |
| 4 | Materials | 14.74% |
| 5 | Real Estate | 5.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KLXI
1
DELISTED
KLX Inc.
KLXI
| $39.6M | 9.87% |
1,312,902
-222,968
| -15% | -$7.39M |
|
|
2
Olin
OLN
$2.51B
| $27.1M | 6.75% |
1,610,000
+730,000
| +83% | +$15.4M |
|
|
NSM
3
DELISTED
Nationstar Mortgage Holdings
NSM
| $24.8M | 6.19% |
1,787,500
-132,500
| -7% | -$2.23M |
|
|
YHOO
4
DELISTED
Yahoo Inc
YHOO
| $20.7M | 5.17% |
717,000
-125,000
| -15% | -$4.34M |
|
|
KS
5
DELISTED
KapStone Paper and Pack Corp.
KS
| $19.4M | 4.85% |
1,178,103
+168,103
| +17% | +$3.68M |
|
|
CIE
6
DELISTED
Cobalt International Energy, Inc
CIE
| $17.6M | 4.39% |
165,640
-13,027
| -7% | -$1.59M |
|
7
MBIA
MBI
$333M
| $16.5M | 4.12% |
2,714,200
-715,800
| -21% | -$4.6M |
|
|
MDR
8
DELISTED
McDermott International
MDR
| $16.1M | 4.03% |
1,250,800
-255,962
| -17% | -$3.51M |
|
|
SC
9
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $14.3M | 3.57% |
700,000
-342,697
| -33% | -$7.89M |
|
10
Manitowoc
MTW
$468M
| $13.1M | 3.26% |
960,445
-347,968
| -27% | -$5.37M |
|
11
Cabot Corp
CBT
$4.67B
| $12.6M | 3.13% |
397,956
+47,956
| +14% | +$1.66M |
|
|
VER
12
DELISTED
VEREIT, Inc.
VER
| $12.1M | 3.01% |
313,004
-168,096
| -35% | -$7.02M |
|
|
ONIT
13
Onity Group
ONIT
$344M
| $11.6M | 2.89% |
115,060
-57,393
| -33% | -$7.27M |
|
|
VRE
14
DELISTED
Veris Residential
VRE
| $11M | 2.74% |
582,000
-197,700
| -25% | -$3.89M |
|
|
15
PayPal
PYPL
$49.9B
| $10.4M | 2.59% |
+335,000
| New | +$12M |
|
|
BXE
16
DELISTED
Bellatrix Exploration Ltd.
BXE
| $9.42M | 2.35% |
1,230,000
+50,000
| +4% | +$466K |
|
17
Delta Air Lines
DAL
$55.4B
| $9.32M | 2.32% |
207,700
-82,300
| -28% | -$3.7M |
|
18
Strategy Inc
MSTR
$34.4B
| $8.97M | 2.24% |
456,360
-408,670
| -47% | -$8.1M |
|
|
KRA
19
DELISTED
Kraton Corporation
KRA
| $8.95M | 2.23% |
500,000
+42,040
| +9% | +$890K |
|
|
WLL
20
DELISTED
Whiting Petroleum Corporation
WLL
| $8.02M | 2% |
1,750
+561
| +47% | +$3.47M |
|
21
Tenet Healthcare
THC
$16.8B
| $7.2M | 1.8% |
195,000
-152,000
| -44% | -$7.85M |
|
22
Sonic Automotive
SAH
$3.17B
| $7.17M | 1.79% |
350,991
-164,009
| -32% | -$3.66M |
|
|
ECOM
23
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $6.94M | 1.73% |
698,408
-258,144
| -27% | -$2.84M |
|
|
24
eBay
EBAY
$49.8B
| $6.35M | 1.59% |
260,000
-619,120
| -70% | -$16.6M |
|
25
TIM SA
TIMB
$10.6B
| $6.19M | 1.54% |
655,000
-45,000
| -6% | -$574K |
|
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Proxima Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Proxima Capital Management held 50 positions worth $401M, down 43% from $700M the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Proxima Capital Management withdrew a net $172M in Q3 2015, closing 9 positions and reducing 23 holdings. Its most notable exit was Group 1 Automotive, an estimated $18.4M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 16% a quarter earlier, followed by Industrials and Energy.
Against the trend, Proxima Capital Management opened a new position in PayPal worth $10.4M.
- Proxima Capital Management's largest Q3 2015 buy was PayPal: 335,000 shares worth $10.4M.
- Proxima Capital Management added most to Olin in Q3 2015, an estimated $15.4M increase.
- Proxima Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $16.6M.
- Proxima Capital Management fully exited Group 1 Automotive in Q3 2015, selling an estimated $18.4M.
- Proxima Capital Management's ten largest holdings make up 52% of its $401M portfolio in Q3 2015.
- Proxima Capital Management opened 7 new positions and closed 9 in Q3 2015.
- Proxima Capital Management's portfolio value fell 43% quarter-over-quarter to $401M.
Based on Proxima Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.