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SPCM
Sound Point Capital Management Portfolio holdings
AUM
$28.3M
Turnover
23.81%
1-Year Est. Return
13.25%
This Fund
S&P 500
This Quarter Est. Return
-1.25%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$28.3M
AUM Growth
-$2.62M
(-8.5%)
Cap. Flow
-$1.01M
Cap. Flow % of AUM
Cap. Flow %
-3.56%
Top 10 Holdings %
Top 10 Hldgs %
77.7%
Holding
21
New
3
Increased
2
Reduced
2
Closed
2
Avg Time Held
Equity + Options
1.6
years
Top 10 Avg Time Held
Equity + Options
1
year
Top 20 Avg Time Held
Equity + Options
1.6
years
Avg Time Held Equity only
1.7
years
Top 10 Avg Time Held Equity only
1.6
years
Top 20 Avg Time Held Equity only
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISH
DISH Network Corp.
DISH
|
+$694K |
| 2 |
National CineMedia
NCMI
|
+$446K |
| 3 |
SBEA
SilverBox Engaged Merger Corp I Class A Common Stock
SBEA
|
+$402K |
| 4 |
Telesat
TSAT
|
+$367K |
| 5 |
Gray Television
GTN
|
+$188K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LORL
Loral Space and Communications, Inc.
LORL
|
+$504K |
| 2 |
Clear Channel Outdoor Holdings
CCO
|
+$233K |
| 3 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$72.5K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 63.75% |
| 2 | Communication Services | 22.78% |
| 3 | Technology | 8.87% |
| 4 | Consumer Discretionary | 3.17% |
| 5 | Financials | 1.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
SPDR Gold Trust
GLD
$141B
| $7.32M | 25.9% |
42,800
| – | – |
2020 Q2
6 quarters
|
|
|
MAXR
2
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $2.17M | 7.68% |
73,500
-2,500
| -3% | -$72.5K |
2019 Q2
10 quarters
|
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $1.74M | 6.16% |
20,000
| – | – |
2021 Q3
1 quarter
|
|
|
4
SPDR Gold Trust
GLD
$141B
| $1.46M | 5.17% |
8,539
| – | – |
2020 Q2
6 quarters
|
|
5
Alerian MLP ETF
AMLP
$12.6B
| $1.23M | 4.34% |
37,478
| – | – |
2020 Q1
7 quarters
|
|
6
iHeartMedia
IHRT
$252M
| $1.1M | 3.91% |
52,448
| – | – |
2019 Q3
9 quarters
|
|
|
LGF.B
7
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $1.08M | 3.82% |
70,063
| – | – |
2020 Q2
6 quarters
|
|
|
DISH
8
DELISTED
DISH Network Corp.
DISH
| $1.05M | 3.72% |
32,434
+18,625
| +135% | +$694K |
2020 Q2
6 quarters
|
|
9
Sinclair Inc
SBGI
$955M
| $1.02M | 3.59% |
38,409
| – | – |
2019 Q4
8 quarters
|
|
|
10
Gray Television
GTN
$477M
| $963K | 3.41% |
47,757
+8,500
| +22% | +$188K |
2015 Q4
24 quarters
|
|
|
MUDS
11
DELISTED
Mudrick Capital Acquisition Corporation II Class A Common Stock
MUDS
| $895K | 3.17% |
90,000
| – | – |
2021 Q3
1 quarter
|
|
12
VanEck Gold Miners ETF
GDX
$26.8B
| $843K | 2.98% |
26,307
| – | – |
2020 Q2
6 quarters
|
|
|
13
DELISTED
Clear Channel Outdoor Holdings
CCO
| $831K | 2.94% |
251,189
-75,000
| -23% | -$233K |
2019 Q2
10 quarters
|
|
14
VanEck Junior Gold Miners ETF
GDXJ
$8.24B
| $619K | 2.19% |
14,764
| – | – |
2020 Q2
6 quarters
|
|
|
SBEA
15
DELISTED
SilverBox Engaged Merger Corp I Class A Common Stock
SBEA
| $406K | 1.44% |
+40,000
| New | +$402K |
2021 Q4
0 quarters
|
|
|
16
National CineMedia
NCMI
$198M
| $393K | 1.39% |
+14,000
| New | +$446K |
2021 Q4
0 quarters
|
|
|
17
Telesat
TSAT
$663M
| $336K | 1.19% |
+11,716
| New | +$367K |
2021 Q4
0 quarters
|
|
18
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$823B
| – | – |
-15,000
| Closed | -$6.44M | – |
|
|
LORL
19
DELISTED
Loral Space and Communications, Inc.
LORL
| – | – |
-11,716
| Closed | -$504K | – |
|
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Sound Point Capital Management's Q4 2021 Portfolio in Review
As of Q4 2021, Sound Point Capital Management held 21 positions worth $28.3M, down 8.5% from $30.9M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Sound Point Capital Management withdrew a net $1.01M in Q4 2021, closing 2 positions and reducing 2 holdings. Its most notable exit was Loral Space and Communications, Inc., an estimated $504K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 64% of assets, down from 70% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Sound Point Capital Management opened a new position in National CineMedia worth $393K.
- Sound Point Capital Management's largest Q4 2021 buy was National CineMedia: 14,000 shares worth $393K.
- Sound Point Capital Management added most to DISH Network Corp. in Q4 2021, an estimated $694K increase.
- Sound Point Capital Management's biggest Q4 2021 reduction was Clear Channel Outdoor Holdings, cutting an estimated $233K.
- Sound Point Capital Management fully exited Loral Space and Communications, Inc. in Q4 2021, selling an estimated $504K.
- Sound Point Capital Management's ten largest holdings make up 78% of its $28.3M portfolio in Q4 2021.
- Sound Point Capital Management opened 3 new positions and closed 2 in Q4 2021.
- Sound Point Capital Management's portfolio value fell 8.5% quarter-over-quarter to $28.3M.
Based on Sound Point Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.