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SPCM

Sound Point Capital Management Portfolio holdings

AUM $28.3M
1-Year Est. Return 13.25%
This Fund
S&P 500
This Quarter Est. Return
+9.55%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$505M
AUM Growth
+$16.5M
Cap. Flow
-$29M
Cap. Flow %
-5.73%
Top 10 Hldgs %
73.97%
Holding
35
New
3
Increased
11
Reduced
8
Closed
5

Top Buys

Rank Stock Value
1
HK
Halcon Resources Corporation
HK
+$10.4M
2
SM icon
SM Energy
SM
+$2.68M
3
PNK
Pinnacle Entertainment Inc.
PNK
+$2.43M
4
USWS
U.S. Well Services, Inc. Class A Common Stock
USWS
+$2.23M
5
EVRI
Everi Holdings
EVRI
+$1.46M

Top Sells

Rank Stock Value
1
LORL
Loral Space and Communications, Inc.
LORL
+$9.61M
2
CSTM icon
Constellium
CSTM
+$6.82M
3
MPACU
Matlin & Partners Acquisition Corporation Units
MPACU
+$4M
4
NPO icon
Enpro
NPO
+$3.96M
5
OSG
Octave Specialty Group
OSG
+$3.57M

Sector Composition

Rank Sector Weight
1 Miscellaneous 54.79%
2 Energy 15.38%
3 Communication Services 10.86%
4 Industrials 6%
5 Consumer Discretionary 6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OSG
26
Octave Specialty Group
OSG
$225M
– –
-205,579
Closed -$3.57M
CSTM icon
27
Constellium
CSTM
$3.43B
– –
-988,269
Closed -$6.82M
FRTA
28
DELISTED
Forterra, Inc
FRTA
– –
-365,369
Closed -$3.01M
QHC
29
DELISTED
Quorum Health Corporation
QHC
– –
-147,365
Closed -$612K
MPACU
30
DELISTED
Matlin & Partners Acquisition Corporation Units
MPACU
– –
-398,342
Closed -$4M
1
2

Similar funds

PFM
Probabilities Fund Management White Plains, New York $28.1M AUM 54.68% 1-Year Est. Return
A
Attestor London, United Kingdom $27.8M AUM 32.32% 1-Year Est. Return
CFRPA
Castle Financial & Retirement Planning Associates Fair Haven, New Jersey $29.5M AUM
SH
Scepter Holdings Fort Worth, Texas $22.4M AUM
FSCP
Franklin Street Capital Partners New York $21.5M AUM 13.45% 1-Year Est. Return
HCIL
H Capital III LP Grand Cayman, Cayman Islands $40.2M AUM
WLRC
W.L. Ross & Co Dallas, Texas $40.2M AUM 14.46% 1-Year Est. Return
HR
Hayden Royal Charlotte, North Carolina $42.7M AUM 33.86% 1-Year Est. Return

Sound Point Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Sound Point Capital Management held 35 positions worth $505M, up 3.4% from $489M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Sound Point Capital Management withdrew a net $29M in Q3 2017, closing 5 positions and reducing 8 holdings. Its most notable exit was Constellium, an estimated $6.82M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, down from 56% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Sound Point Capital Management opened a new position in U.S. Well Services, Inc. Class A Common Stock worth $2.24M.

  • Sound Point Capital Management's largest Q3 2017 buy was U.S. Well Services, Inc. Class A Common Stock: 10,945 shares worth $2.24M.
  • Sound Point Capital Management added most to Halcon Resources Corporation in Q3 2017, an estimated $10.4M increase.
  • Sound Point Capital Management's biggest Q3 2017 reduction was Loral Space and Communications, Inc., cutting an estimated $9.61M.
  • Sound Point Capital Management fully exited Constellium in Q3 2017, selling an estimated $6.82M.
  • Sound Point Capital Management's ten largest holdings make up 74% of its $505M portfolio in Q3 2017.
  • Sound Point Capital Management opened 3 new positions and closed 5 in Q3 2017.
  • Sound Point Capital Management's portfolio value rose 3.4% quarter-over-quarter to $505M.

Based on Sound Point Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.