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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
+5.55%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$629M
AUM Growth
+$50.2M
(+8.7%)
Cap. Flow
-$32.6M
Cap. Flow
% of AUM
-5.18%
Top 10 Holdings %
Top 10 Hldgs %
78.52%
Holding
40
New
8
Increased
5
Reduced
15
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CJ
C&J Energy Services, Inc.
CJ
|
+$7.77M |
| 2 |
CZR
Caesars Entertainment Corporation
CZR
|
+$6.84M |
| 3 |
Gray Television
GTN
|
+$5.52M |
| 4 |
Gogo Inc
GOGO
|
+$4.84M |
| 5 |
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
|
+$4.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EVRI
Everi Holdings
EVRI
|
+$4.4M |
| 2 |
HOS
Hornbeck Offshore Services, Inc.
HOS
|
+$860K |
| 3 |
DHCP
Ditech Holding Corporation
DHCP
|
+$256K |
| 4 |
Boyd Gaming
BYD
|
+$249K |
| 5 |
Amplify Energy
AMPY
|
+$234K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 62.03% |
| 2 | Communication Services | 9.3% |
| 3 | Energy | 8.91% |
| 4 | Consumer Discretionary | 6.31% |
| 5 | Real Estate | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SDRL
26
DELISTED
Seadrill Limited Common Stock
SDRL
| $2.78M | 0.44% |
+112,144
| New | +$2.28M |
|
|
QHC
27
DELISTED
Quorum Health Corporation
QHC
| $1.7M | 0.27% |
290,000
+90,000
| +45% | +$414K |
|
28
Globalstar
GSAT
$10.6B
| $1.02M | 0.16% |
+133,333
| New | +$996K |
|
|
MPACW
29
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
| $285K | 0.05% |
379,941
| – | – |
|
|
MUDSW
30
DELISTED
Mudrick Capital Acquisition Corporation Warrant
MUDSW
| $262K | 0.04% |
400,000
| – | – |
|
|
WIN
31
DELISTED
Windstream Holdings Inc
WIN
| $221K | 0.04% |
+45,102
| New | +$204K |
|
|
DHCP.WS.A
32
DELISTED
Ditech Holding Corporation
DHCP.WS.A
| $14K | ﹤0.01% |
+51,516
| New | +$17K |
|
|
DHCP.WS.B
33
DELISTED
Ditech Holding Corporation
DHCP.WS.B
| $9K | ﹤0.01% |
+68,670
| New | +$13.5K |
|
|
JCP
34
CALL
DELISTED
J.C. Penney Company, Inc.
JCP
| – | – |
-500,000
| Closed | -$1.17M |
|
|
HOS
35
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| – | – |
-217,124
| Closed | -$860K |
|
|
DHCP
36
DELISTED
Ditech Holding Corporation
DHCP
| – | – |
-49,062
| Closed | -$256K |
|
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Sound Point Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Sound Point Capital Management held 40 positions worth $629M, up 8.7% from $579M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Sound Point Capital Management withdrew a net $32.6M in Q3 2018, closing 3 positions and reducing 15 holdings. Its most notable exit was Hornbeck Offshore Services, Inc., an estimated $860K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 62% of assets, down from 66% a quarter earlier, followed by Communication Services and Energy.
Against the trend, Sound Point Capital Management opened a new position in Caesars Entertainment Corporation worth $6.66M.
- Sound Point Capital Management's largest Q3 2018 buy was Caesars Entertainment Corporation: 650,000 shares worth $6.66M.
- Sound Point Capital Management added most to C&J Energy Services, Inc. in Q3 2018, an estimated $7.77M increase.
- Sound Point Capital Management's biggest Q3 2018 reduction was Everi Holdings, cutting an estimated $4.4M.
- Sound Point Capital Management fully exited Hornbeck Offshore Services, Inc. in Q3 2018, selling an estimated $860K.
- Sound Point Capital Management's ten largest holdings make up 79% of its $629M portfolio in Q3 2018.
- Sound Point Capital Management opened 8 new positions and closed 3 in Q3 2018.
- Sound Point Capital Management's portfolio value rose 8.7% quarter-over-quarter to $629M.
Based on Sound Point Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.