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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
+3.53%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$495M
AUM Growth
-$10.2M
(-2%)
Cap. Flow
-$80.5M
Cap. Flow
% of AUM
-16.26%
Top 10 Holdings %
Top 10 Hldgs %
76.31%
Holding
35
New
6
Increased
6
Reduced
9
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CZR
Caesars Entertainment Corporation
CZR
|
+$14.3M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$11.4M |
| 3 |
EVRI
Everi Holdings
EVRI
|
+$7.19M |
| 4 |
Constellium
CSTM
|
+$6.11M |
| 5 |
Sinclair Inc
SBGI
|
+$4.17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enpro
NPO
|
+$23.7M |
| 2 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$13.3M |
| 3 |
LORL
Loral Space and Communications, Inc.
LORL
|
+$6.84M |
| 4 |
Nexstar Media Group
NXST
|
+$4.44M |
| 5 |
ONIT
Onity Group
ONIT
|
+$3.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 16.64% |
| 2 | Communication Services | 14.84% |
| 3 | Consumer Discretionary | 7.07% |
| 4 | Materials | 2.49% |
| 5 | Real Estate | 1.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$79.3B
| $193M | 38.96% |
1,264,900
+22,300
| +2% | +$3.35M |
|
|
MIC
2
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $21.3M | 4.31% |
332,544
| – | – |
|
|
EVRI
3
DELISTED
Everi Holdings
EVRI
| $20.7M | 4.18% |
2,746,980
+891,401
| +48% | +$7.19M |
|
|
4
Sinclair Inc
SBGI
$1.03B
| $17.9M | 3.61% |
471,792
+125,954
| +36% | +$4.17M |
|
|
5
Nexstar Media Group
NXST
$5.96B
| $17.7M | 3.57% |
226,090
-66,065
| -23% | -$4.44M |
|
|
HK
6
DELISTED
Halcon Resources Corporation
HK
| $17.3M | 3.5% |
2,288,739
| – | – |
|
|
CJ
7
DELISTED
C&J Energy Services, Inc.
CJ
| $17.1M | 3.45% |
510,057
| – | – |
|
8
Gray Television
GTN
$437M
| $16.4M | 3.31% |
977,719
-83,490
| -8% | -$1.3M |
|
|
CZR
9
DELISTED
Caesars Entertainment Corporation
CZR
| $14.3M | 2.89% |
+1,130,541
| New | +$14.3M |
|
10
Amplify Energy
AMPY
$156M
| $14M | 2.82% |
842,943
| – | – |
|
|
TWX
11
DELISTED
Time Warner Inc
TWX
| $11.1M | 2.23% |
+120,912
| New | +$11.4M |
|
|
DISH
12
DELISTED
DISH Network Corp.
DISH
| $9.68M | 1.96% |
202,709
+38,115
| +23% | +$1.9M |
|
13
SM Energy
SM
$7.5B
| $9.33M | 1.89% |
422,597
-437
| -0.1% | -$8.82K |
|
|
PNK
14
DELISTED
Pinnacle Entertainment Inc.
PNK
| $9.28M | 1.88% |
283,664
-478,112
| -63% | -$13.3M |
|
|
NYRT
15
DELISTED
New York REIT, Inc.
NYRT
| $7.1M | 1.43% |
180,662
+20,000
| +12% | +$1.29M |
|
|
16
Constellium
CSTM
$3.8B
| $6.41M | 1.29% |
+574,812
| New | +$6.11M |
|
17
Calumet Specialty Products
CLMT
$3.68B
| $5.89M | 1.19% |
765,542
-3,865
| -0.5% | -$32.2K |
|
18
PUT
Fossil Group
FOSL
$252M
| $5.6M | 1.13% |
720,200
+320,200
| +80% | +$2.48M |
|
|
ONIT
19
Onity Group
ONIT
$343M
| $5.19M | 1.05% |
110,562
-70,193
| -39% | -$3.52M |
|
|
HOS
20
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $3.11M | 0.63% |
1,000,000
-237,432
| -19% | -$864K |
|
|
TERP
21
DELISTED
TerraForm Power, Inc
TERP
| $2.45M | 0.49% |
+204,512
| New | +$2.55M |
|
22
Chord Energy
CHRD
$7.59B
| $1.68M | 0.34% |
+200,000
| New | +$1.84M |
|
|
USWS
23
DELISTED
U.S. Well Services, Inc. Class A Common Stock
USWS
| $1.63M | 0.33% |
7,958
-2,987
| -27% | -$611K |
|
|
DISH
24
CALL
DELISTED
DISH Network Corp.
DISH
| $1.57M | 0.32% |
32,900
| – | – |
|
|
GAP
25
PUT
The Gap Inc
GAP
$7.25B
| $1.24M | 0.25% |
36,400
| – | – |
|
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Sound Point Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Sound Point Capital Management held 35 positions worth $495M, down 2% from $505M the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Sound Point Capital Management withdrew a net $80.5M in Q4 2017, closing 3 positions and reducing 9 holdings. Its most notable exit was Loral Space and Communications, Inc., an estimated $6.84M position sold in full.
By sector, the portfolio is most concentrated in Energy at 17% of assets, up from 15% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Sound Point Capital Management opened a new position in Caesars Entertainment Corporation worth $14.3M.
- Sound Point Capital Management's largest Q4 2017 buy was Caesars Entertainment Corporation: 1,130,541 shares worth $14.3M.
- Sound Point Capital Management added most to Everi Holdings in Q4 2017, an estimated $7.19M increase.
- Sound Point Capital Management's biggest Q4 2017 reduction was Enpro, cutting an estimated $23.7M.
- Sound Point Capital Management fully exited Loral Space and Communications, Inc. in Q4 2017, selling an estimated $6.84M.
- Sound Point Capital Management's ten largest holdings make up 76% of its $495M portfolio in Q4 2017.
- Sound Point Capital Management opened 6 new positions and closed 3 in Q4 2017.
- Sound Point Capital Management's portfolio value fell 2% quarter-over-quarter to $495M.
Based on Sound Point Capital Management's 13F filing for Q4 2017, filed 14 Feb 2018.