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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
-0.59%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$174M
AUM Growth
-$23.1M
Cap. Flow
-$48M
Cap. Flow %
-27.61%
Top 10 Hldgs %
90.06%
Holding
25
New
3
Increased
4
Reduced
8
Closed
6

Top Buys

Rank Stock Value
1
CSTM icon
Constellium
CSTM
+$4.23M
2
NPO icon
Enpro
NPO
+$899K
3
DISH
DISH Network Corp.
DISH
+$773K
4
SBGI icon
Sinclair Inc
SBGI
+$845

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$5.99M
2
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
+$5.14M
3
GTN icon
Gray Television
GTN
+$1.52M
4
NXST icon
Nexstar Media Group
NXST
+$1.39M
5
TERP
TerraForm Power, Inc
TERP
+$825K

Sector Composition

Rank Sector Weight
1 Communication Services 13.09%
2 Energy 6.2%
3 Industrials 4.41%
4 Technology 3.78%
5 Materials 2.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$52.8M 30.36%
243,000
+63,000
+35% +$13.1M
IWM icon
2
PUT
iShares Russell 2000 ETF
IWM
$79.1B
$48.6M 27.97%
401,600
-263,500
-40% -$29.7M
MIC
3
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$10.8M 6.2%
145,496
-5,781
-4% -$408K
NPO icon
4
Enpro
NPO
$6.26B
$7.67M 4.41%
172,689
+17,374
+11% +$899K
LORL
5
DELISTED
Loral Space and Communications, Inc.
LORL
$6.57M 3.78%
186,364
-5,785
-3% -$210K
TRCO
6
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$6.23M 3.58%
159,003
-4,934
-3% -$191K
DISH
7
DELISTED
DISH Network Corp.
DISH
$5.64M 3.25%
107,654
+15,824
+17% +$773K
GTN icon
8
Gray Television
GTN
$437M
$4.91M 2.83%
452,827
-128,886
-22% -$1.52M
CSTM icon
9
Constellium
CSTM
$3.76B
$3.86M 2.22%
+822,938
New +$4.23M
SSP icon
10
E.W. Scripps
SSP
$270M
$2.56M 1.47%
161,792
-11,249
-7% -$179K
NXST icon
11
Nexstar Media Group
NXST
$6.01B
$1.77M 1.02%
37,125
-27,880
-43% -$1.39M
DISH
12
CALL
DELISTED
DISH Network Corp.
DISH
$1.72M 0.99%
+32,900
New +$1.61M
SBGI icon
13
Sinclair Inc
SBGI
$1.02B
$1.65M 0.95%
55,162
+27
+0% +$845
GAP
14
PUT
The Gap Inc
GAP
$7.3B
$810K 0.47%
+36,400
New +$775K
I
15
DELISTED
INTELSAT S. A.
I
$97K 0.06%
37,563
-68,177
-64% -$214K
XLE icon
16
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39B
– –
-100,000
Closed -$3.1M
XOP icon
17
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.54B
– –
-15,000
Closed -$1.82M
TERP
18
DELISTED
TerraForm Power, Inc
TERP
– –
-95,330
Closed -$825K
YHOO
19
DELISTED
Yahoo Inc
YHOO
– –
-162,606
Closed -$5.99M
CVC
20
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
– –
-155,895
Closed -$5.14M
TFM
21
CALL
DELISTED
THE FRESH MARKET, INC COM STK
TFM
– –
-500,000
Closed -$14.3M

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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
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WLRC
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HR
Hayden Royal Charlotte, North Carolina $42.7M AUM 33.86% 1-Year Est. Return

Sound Point Capital Management's Q2 2016 Portfolio in Review

As of Q2 2016, Sound Point Capital Management held 25 positions worth $174M, down 12% from $197M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Sound Point Capital Management withdrew a net $48M in Q2 2016, closing 6 positions and reducing 8 holdings. Its most notable exit was Yahoo Inc, an estimated $5.99M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 13% of assets, down from 15% a quarter earlier, followed by Energy and Industrials.

Against the trend, Sound Point Capital Management opened a new position in Constellium worth $3.86M.

  • Sound Point Capital Management's largest Q2 2016 buy was Constellium: 822,938 shares worth $3.86M.
  • Sound Point Capital Management added most to Enpro in Q2 2016, an estimated $899K increase.
  • Sound Point Capital Management's biggest Q2 2016 reduction was Gray Television, cutting an estimated $1.52M.
  • Sound Point Capital Management fully exited Yahoo Inc in Q2 2016, selling an estimated $5.99M.
  • Sound Point Capital Management's ten largest holdings make up 90% of its $174M portfolio in Q2 2016.
  • Sound Point Capital Management opened 3 new positions and closed 6 in Q2 2016.
  • Sound Point Capital Management's portfolio value fell 12% quarter-over-quarter to $174M.

Based on Sound Point Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.