We are live on
!
Find out more
RCA
Restructuring Capital Associates Portfolio holdings
AUM
$115M
1-Year Est. Return
20.18%
This Fund
S&P 500
This Quarter
Est. Return
+2.56%
1 Year Est. Return
+20.18%
3 Year Est. Return
+71.17%
5 Year Est. Return
+30.85%
10 Year Est. Return
–
AUM
$175M
AUM Growth
-$16.8M
(-8.8%)
Cap. Flow
-$19.6M
Cap. Flow
% of AUM
-11.23%
Top 10 Holdings %
Top 10 Hldgs %
88.55%
Holding
23
New
4
Increased
5
Reduced
3
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rayonier
RYN
|
+$13M |
| 2 |
Nuveen Floating Rate Income Fund
JFR
|
+$8.27M |
| 3 |
EFT
Eaton Vance Floating-Rate Income Trust
EFT
|
+$6.39M |
| 4 |
Invesco Senior Income Trust
VVR
|
+$1.31M |
| 5 |
CHMT
Chemtura Corporation
CHMT
|
+$1.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$24.7M |
| 2 |
Citigroup
C
|
+$14.3M |
| 3 |
Visteon
VC
|
+$6.63M |
| 4 |
Aptiv
APTV
|
+$2.48M |
| 5 |
DXM
DEX MEDIA INC NEW COM STK (DE)
DXM
|
+$2.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 23.14% |
| 2 | Energy | 13.9% |
| 3 | Real Estate | 7.66% |
| 4 | Consumer Discretionary | 5.98% |
| 5 | Materials | 0.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RFP
1
DELISTED
Resolute Forest Products Inc.
RFP
| $29.2M | 16.69% |
1,739,939
-30,965
| -2% | -$512K |
|
2
News Corp Class A
NWSA
$15.2B
| $23.1M | 13.21% |
1,287,537
| – | – |
|
|
3
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $23.1M | 13.2% |
1,908,182
+701,616
| +58% | +$8.27M |
|
|
HES
4
DELISTED
Hess
HES
| $17M | 9.74% |
172,355
| – | – |
|
|
TGNA
5
DELISTED
TEGNA Inc
TGNA
| $15.9M | 9.08% |
969,427
| – | – |
|
|
6
Rayonier
RYN
$6.43B
| $13.4M | 7.66% |
+415,658
| New | +$13M |
|
|
EFT
7
Eaton Vance Floating-Rate Income Trust
EFT
$283M
| $9.59M | 5.48% |
635,406
+421,615
| +197% | +$6.39M |
|
|
8
General Motors
GM
$80B
| $9.44M | 5.4% |
260,000
-708,793
| -73% | -$24.7M |
|
9
Transocean
RIG
$5.62B
| $7.08M | 4.05% |
157,300
| – | – |
|
|
10
Invesco Senior Income Trust
VVR
$459M
| $7.06M | 4.04% |
1,409,653
+262,657
| +23% | +$1.31M |
|
|
EFR
11
Eaton Vance Senior Floating-Rate Fund
EFR
$314M
| $6.84M | 3.91% |
459,972
+48,417
| +12% | +$719K |
|
|
DXM
12
DELISTED
DEX MEDIA INC NEW COM STK (DE)
DXM
| $5.35M | 3.06% |
480,312
-229,092
| -32% | -$2.21M |
|
|
ORIG
13
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $3.27M | 1.87% |
19
| – | – |
|
|
CHMT
14
DELISTED
Chemtura Corporation
CHMT
| $1.08M | 0.62% |
+41,500
| New | +$1.02M |
|
|
FRP
15
DELISTED
Fairpoint Communications, Inc.
FRP
| $1.05M | 0.6% |
75,000
| – | – |
|
|
XRM
16
DELISTED
Xerium Technologies Inc (new)
XRM
| $1.03M | 0.59% |
73,620
+8,000
| +12% | +$110K |
|
17
Green Plains
GPRE
$1.21B
| $592K | 0.34% |
18,000
| – | – |
|
18
Sinclair Inc
SBGI
$994M
| $452K | 0.26% |
13,000
| – | – |
|
|
WLB
19
DELISTED
Westmoreland Coal Company
WLB
| $193K | 0.11% |
+5,331
| New | +$166K |
|
|
CKP
20
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $175K | 0.1% |
+12,512
| New | +$164K |
|
|
21
Aptiv
APTV
$12.3B
| – | – |
-36,560
| Closed | -$2.48M |
|
|
22
Citigroup
C
$222B
| – | – |
-300,000
| Closed | -$14.3M |
|
|
23
Visteon
VC
$2.8B
| – | – |
-75,000
| Closed | -$6.63M |
|
Similar funds
LS
SCM
SC
AQA
WA
WCM
MG
QAM
Restructuring Capital Associates's Q2 2014 Portfolio in Review
As of Q2 2014, Restructuring Capital Associates held 23 positions worth $175M, down 8.8% from $192M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Restructuring Capital Associates withdrew a net $19.6M in Q2 2014, closing 3 positions and reducing 3 holdings. Its most notable exit was Citigroup, an estimated $14.3M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, up from 20% a quarter earlier, followed by Energy and Real Estate.
Against the trend, Restructuring Capital Associates opened a new position in Rayonier worth $13.4M.
- Restructuring Capital Associates's largest Q2 2014 buy was Rayonier: 415,658 shares worth $13.4M.
- Restructuring Capital Associates added most to Nuveen Floating Rate Income Fund in Q2 2014, an estimated $8.27M increase.
- Restructuring Capital Associates's biggest Q2 2014 reduction was General Motors, cutting an estimated $24.7M.
- Restructuring Capital Associates fully exited Citigroup in Q2 2014, selling an estimated $14.3M.
- Restructuring Capital Associates's ten largest holdings make up 89% of its $175M portfolio in Q2 2014.
- Restructuring Capital Associates opened 4 new positions and closed 3 in Q2 2014.
- Restructuring Capital Associates's portfolio value fell 8.8% quarter-over-quarter to $175M.
Based on Restructuring Capital Associates's 13F filing for Q2 2014, filed 14 Aug 2014.