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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
+2.12%
1 Year Est. Return
+20.18%
3 Year Est. Return
+71.17%
5 Year Est. Return
+30.85%
10 Year Est. Return
–
AUM
$137M
AUM Growth
-$2.26M
(-1.6%)
Cap. Flow
-$4.2M
Cap. Flow
% of AUM
-3.06%
Top 10 Holdings %
Top 10 Hldgs %
92.45%
Holding
15
New
4
Increased
4
Reduced
6
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
|
+$10.5M |
| 2 |
FTR
Frontier Communications Corp.
FTR
|
+$8.2M |
| 3 |
Pitney Bowes
PBI
|
+$3.93M |
| 4 |
Nuveen Credit Strategies Income Fund
JQC
|
+$3.18M |
| 5 |
Constellium
CSTM
|
+$1.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CRC
California Resources Corporation
CRC
|
+$8.09M |
| 2 |
Rayonier Advanced Materials
RYAM
|
+$7.73M |
| 3 |
Kohl's
KSS
|
+$5.6M |
| 4 |
Macy's
M
|
+$5.12M |
| 5 |
JWN
Nordstrom
JWN
|
+$3.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.24% |
| 2 | Communication Services | 12.67% |
| 3 | Consumer Discretionary | 9.81% |
| 4 | Materials | 8.76% |
| 5 | Industrials | 2.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Nuveen Credit Strategies Income Fund
JQC
$705M
| $28.7M | 20.89% |
3,599,598
+400,000
| +13% | +$3.18M |
|
|
CRC
2
DELISTED
California Resources Corporation
CRC
| $26.4M | 19.24% |
544,505
-210,217
| -28% | -$8.09M |
|
3
Invesco Senior Income Trust
VVR
$459M
| $23.8M | 17.3% |
5,526,465
+100,000
| +2% | +$431K |
|
|
FTR
4
DELISTED
Frontier Communications Corp.
FTR
| $9.73M | 7.09% |
+1,500,000
| New | +$8.2M |
|
|
5
Constellium
CSTM
$3.87B
| $9.17M | 6.67% |
742,171
+100,000
| +16% | +$1.17M |
|
|
OIBR.C
6
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
| $7.67M | 5.58% |
+2,808,535
| New | +$10.5M |
|
7
BlackRock Floating Rate Income Strategies Fund
FRA
$383M
| $6.05M | 4.41% |
438,882
-31,227
| -7% | -$432K |
|
|
8
Kohl's
KSS
$2.21B
| $5.52M | 4.02% |
74,000
-74,000
| -50% | -$5.6M |
|
9
Nuveen Floating Rate Income Fund
JFR
$1.23B
| $5.2M | 3.78% |
500,092
+28,298
| +6% | +$292K |
|
|
10
Macy's
M
$6.56B
| $4.78M | 3.48% |
137,500
-137,500
| -50% | -$5.12M |
|
|
11
Pitney Bowes
PBI
$2.46B
| $3.44M | 2.51% |
+486,578
| New | +$3.93M |
|
|
JWN
12
DELISTED
Nordstrom
JWN
| $3.18M | 2.31% |
53,100
-53,100
| -50% | -$3.04M |
|
|
13
Rayonier Advanced Materials
RYAM
$604M
| $2.87M | 2.09% |
155,666
-393,435
| -72% | -$7.73M |
|
|
QHC
14
DELISTED
Quorum Health Corporation
QHC
| $880K | 0.64% |
+150,114
| New | +$690K |
|
|
AVYA
15
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| – | – |
-130,078
| Closed | -$2.61M |
|
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Restructuring Capital Associates's Q3 2018 Portfolio in Review
As of Q3 2018, Restructuring Capital Associates held 15 positions worth $137M, down 1.6% from $140M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Restructuring Capital Associates withdrew a net $4.2M in Q3 2018, closing 1 position and reducing 6 holdings. Its most notable exit was Avaya Holdings Corp. Common Stock, an estimated $2.61M position sold in full.
By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 25% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Restructuring Capital Associates opened a new position in OI S.A. American Depositary Shares, each representing five shares of common stock worth $7.67M.
- Restructuring Capital Associates's largest Q3 2018 buy was OI S.A. American Depositary Shares, each representing five shares of common stock: 2,808,535 shares worth $7.67M.
- Restructuring Capital Associates added most to Nuveen Credit Strategies Income Fund in Q3 2018, an estimated $3.18M increase.
- Restructuring Capital Associates's biggest Q3 2018 reduction was California Resources Corporation, cutting an estimated $8.09M.
- Restructuring Capital Associates fully exited Avaya Holdings Corp. Common Stock in Q3 2018, selling an estimated $2.61M.
- Restructuring Capital Associates's ten largest holdings make up 92% of its $137M portfolio in Q3 2018.
- Restructuring Capital Associates opened 4 new positions and closed 1 in Q3 2018.
- Restructuring Capital Associates's portfolio value fell 1.6% quarter-over-quarter to $137M.
Based on Restructuring Capital Associates's 13F filing for Q3 2018, filed 14 Nov 2018.