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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
-13.65%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$552M
AUM Growth
+$57.2M
Cap. Flow
-$43.7M
Cap. Flow %
-7.92%
Top 10 Hldgs %
78.85%
Holding
43
New
11
Increased
3
Reduced
11
Closed
12

Top Buys

Rank Stock Value
1
VICI icon
VICI Properties
VICI
+$28.3M
2
BYD icon
Boyd Gaming
BYD
+$15.4M
3
PVG
PRETIUM RESOURCES INC.
PVG
+$10M
4
CSTM icon
Constellium
CSTM
+$7.37M
5
PCG icon
PG&E
PCG
+$7.16M

Top Sells

Rank Stock Value
1
CZR
Caesars Entertainment Corporation
CZR
+$14.3M
2
NXST icon
Nexstar Media Group
NXST
+$10.9M
3
PNK
Pinnacle Entertainment Inc.
PNK
+$9.28M
4
SBGI icon
Sinclair Inc
SBGI
+$6.17M
5
ONIT
Onity Group
ONIT
+$5.19M

Sector Composition

Rank Sector Weight
1 Miscellaneous 63.68%
2 Energy 10.27%
3 Communication Services 8.25%
4 Consumer Discretionary 5.72%
5 Real Estate 5.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHCP
26
DELISTED
Ditech Holding Corporation
DHCP
$460K 0.08%
+51,166
New +$518K
MPACW
27
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
$201K 0.04%
379,941
– –
CHRD icon
28
Chord Energy
CHRD
$8.27B
– –
-200,000
Closed -$1.68M
FOSL icon
29
PUT
Fossil Group
FOSL
$294M
– –
-720,200
Closed -$5.6M
GSAT icon
30
Globalstar
GSAT
$10.6B
– –
-41,700
Closed -$819K
IWM icon
31
PUT
iShares Russell 2000 ETF
IWM
$77.6B
– –
-1,264,900
Closed -$193M
NPO icon
32
Enpro
NPO
$6.01B
– –
-7,371
Closed -$689K
ONIT
33
Onity Group
ONIT
$286M
– –
-110,562
Closed -$5.19M
GAP
34
PUT
The Gap Inc
GAP
$7.35B
– –
-36,400
Closed -$1.24M
USWS
35
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
– –
-7,958
Closed -$1.63M
PNK
36
DELISTED
Pinnacle Entertainment Inc.
PNK
– –
-283,664
Closed -$9.28M
TERP
37
DELISTED
TerraForm Power, Inc
TERP
– –
-204,512
Closed -$2.45M
DISH
38
CALL
DELISTED
DISH Network Corp.
DISH
– –
-32,900
Closed -$1.57M
CZR
39
DELISTED
Caesars Entertainment Corporation
CZR
– –
-1,130,541
Closed -$14.3M
1
2

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PFM
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A
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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
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Sound Point Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Sound Point Capital Management held 43 positions worth $552M, up 12% from $495M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Sound Point Capital Management withdrew a net $43.7M in Q1 2018, closing 12 positions and reducing 11 holdings. Its most notable exit was Caesars Entertainment Corporation, an estimated $14.3M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 64% of assets, up from 53% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Sound Point Capital Management opened a new position in VICI Properties worth $26.5M.

  • Sound Point Capital Management's largest Q1 2018 buy was VICI Properties: 1,444,066 shares worth $26.5M.
  • Sound Point Capital Management added most to Constellium in Q1 2018, an estimated $7.37M increase.
  • Sound Point Capital Management's biggest Q1 2018 reduction was Nexstar Media Group, cutting an estimated $10.9M.
  • Sound Point Capital Management fully exited Caesars Entertainment Corporation in Q1 2018, selling an estimated $14.3M.
  • Sound Point Capital Management's ten largest holdings make up 79% of its $552M portfolio in Q1 2018.
  • Sound Point Capital Management opened 11 new positions and closed 12 in Q1 2018.
  • Sound Point Capital Management's portfolio value rose 12% quarter-over-quarter to $552M.

Based on Sound Point Capital Management's 13F filing for Q1 2018, filed 15 May 2018.