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RCA

Restructuring Capital Associates Portfolio holdings

AUM $115M
1-Year Est. Return 20.18%
This Fund
S&P 500
This Quarter Est. Return
+40.99%
1 Year Est. Return
+20.18%
3 Year Est. Return
+71.17%
5 Year Est. Return
+30.85%
10 Year Est. Return
–
AUM
$140M
AUM Growth
-$36.6M
Cap. Flow
-$68.7M
Cap. Flow %
-49.23%
Top 10 Hldgs %
98.13%
Holding
16
New
–
Increased
2
Reduced
7
Closed
5

Top Buys

Rank Stock Value
1
VVR icon
Invesco Senior Income Trust
VVR
+$419K
2
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$43.4K

Top Sells

Rank Stock Value
1
CRC
California Resources Corporation
CRC
+$23.6M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$17.6M
3
M icon
Macy's
M
+$7.54M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$4.18M
5
EFR
Eaton Vance Senior Floating-Rate Fund
EFR
+$3.55M

Sector Composition

Rank Sector Weight
1 Energy 24.56%
2 Consumer Discretionary 19.04%
3 Materials 11.46%
4 Technology 1.87%
5 Communication Services 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRC
1
DELISTED
California Resources Corporation
CRC
$34.3M 24.56%
754,722
-747,003
-50% -$23.6M
JQC icon
2
Nuveen Credit Strategies Income Fund
JQC
$705M
$25.4M 18.22%
3,199,598
+5,400
+0.2% +$43.4K
VVR icon
3
Invesco Senior Income Trust
VVR
$459M
$23.2M 16.64%
5,426,465
+95,354
+2% +$419K
KSS icon
4
Kohl's
KSS
$2.21B
$10.8M 7.73%
148,000
-12,000
-8% -$800K
M icon
5
Macy's
M
$6.56B
$10.3M 7.37%
275,000
-225,000
-45% -$7.54M
RYAM icon
6
Rayonier Advanced Materials
RYAM
$604M
$9.38M 6.72%
549,101
-126,054
-19% -$2.43M
CSTM icon
7
Constellium
CSTM
$3.87B
$6.61M 4.74%
642,171
– –
FRA icon
8
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
$6.54M 4.68%
470,109
-127,512
-21% -$1.82M
JWN
9
DELISTED
Nordstrom
JWN
$5.5M 3.94%
106,200
-58,800
-36% -$2.92M
JFR icon
10
Nuveen Floating Rate Income Fund
JFR
$1.23B
$4.93M 3.53%
471,794
-387,405
-45% -$4.18M
AVYA
11
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$2.61M 1.87%
130,078
– –
EFR
12
Eaton Vance Senior Floating-Rate Fund
EFR
$314M
– –
-240,477
Closed -$3.55M
EFT
13
Eaton Vance Floating-Rate Income Trust
EFT
$283M
– –
-1,174,634
Closed -$17.6M
PCG icon
14
PG&E
PCG
$39.2B
– –
-39,851
Closed -$1.75M
FTRPR
15
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
– –
-197,743
Closed -$2.27M
FTR
16
DELISTED
Frontier Communications Corp.
FTR
– –
-100,000
Closed -$742K

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Restructuring Capital Associates's Q2 2018 Portfolio in Review

As of Q2 2018, Restructuring Capital Associates held 16 positions worth $140M, down 21% from $176M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Restructuring Capital Associates withdrew a net $68.7M in Q2 2018, closing 5 positions and reducing 7 holdings. Its most notable exit was Eaton Vance Floating-Rate Income Trust, an estimated $17.6M position sold in full.

By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 15% a quarter earlier, followed by Consumer Discretionary and Materials.

Against the trend, Restructuring Capital Associates added an estimated $419K to Invesco Senior Income Trust.

  • Restructuring Capital Associates added most to Invesco Senior Income Trust in Q2 2018, an estimated $419K increase.
  • Restructuring Capital Associates's biggest Q2 2018 reduction was California Resources Corporation, cutting an estimated $23.6M.
  • Restructuring Capital Associates fully exited Eaton Vance Floating-Rate Income Trust in Q2 2018, selling an estimated $17.6M.
  • Restructuring Capital Associates's ten largest holdings make up 98% of its $140M portfolio in Q2 2018.
  • Restructuring Capital Associates opened 0 new positions and closed 5 in Q2 2018.
  • Restructuring Capital Associates's portfolio value fell 21% quarter-over-quarter to $140M.

Based on Restructuring Capital Associates's 13F filing for Q2 2018, filed 14 Aug 2018.