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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
-13.86%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$558M
AUM Growth
-$70.8M
Cap. Flow
-$23.6M
Cap. Flow %
-4.22%
Top 10 Hldgs %
92.26%
Holding
42
New
6
Increased
3
Reduced
10
Closed
17

Top Buys

Rank Stock Value
1
I
INTELSAT S. A.
I
+$4.05M
2
CZR
Caesars Entertainment Corporation
CZR
+$2.95M
3
HK
Halcon Resources Corporation
HK
+$2.03M
4
PYX
Pyxus International, Inc.
PYX
+$293K
5
USWSW
U.S. Well Services, Inc. Warrants
USWSW
+$234K

Top Sells

Rank Stock Value
1
VICI icon
VICI Properties
VICI
+$20.1M
2
CSTM icon
Constellium
CSTM
+$14.3M
3
GTN icon
Gray Television
GTN
+$11.9M
4
BYD icon
Boyd Gaming
BYD
+$10.6M
5
EVRI
Everi Holdings
EVRI
+$10.1M

Sector Composition

Rank Sector Weight
1 Energy 3.35%
2 Communication Services 2.2%
3 Materials 1.88%
4 Consumer Discretionary 1.84%
5 Real Estate 1.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$400M 71.61%
+1,600,000
New +$431M
I
2
DELISTED
INTELSAT S. A.
I
$12M 2.15%
562,045
+150,000
+36% +$4.05M
I
3
PUT
DELISTED
INTELSAT S. A.
I
$10.7M 1.92%
+500,000
New +$13.5M
PVG
4
DELISTED
PRETIUM RESOURCES INC.
PVG
$10.5M 1.88%
1,241,629
-318,260
-20% -$2.49M
GTN icon
5
Gray Television
GTN
$444M
$10.3M 1.84%
698,312
-683,724
-49% -$11.9M
VICI icon
6
VICI Properties
VICI
$29.8B
$9.15M 1.64%
487,008
-957,058
-66% -$20.1M
MAT icon
7
CALL
Mattel
MAT
$4.5B
$8.99M 1.61%
+900,000
New +$11.9M
AMPY icon
8
Amplify Energy
AMPY
$157M
$7.15M 1.28%
952,616
– –
CZR
9
DELISTED
Caesars Entertainment Corporation
CZR
$6.79M 1.22%
1,000,000
+350,000
+54% +$2.95M
CJ
10
DELISTED
C&J Energy Services, Inc.
CJ
$6.75M 1.21%
499,830
-389,915
-44% -$6.96M
LORL
11
DELISTED
Loral Space and Communications, Inc.
LORL
$6.25M 1.12%
167,702
-400
-0.2% -$17.2K
HK
12
DELISTED
Halcon Resources Corporation
HK
$4.81M 0.86%
2,831,580
+650,000
+30% +$2.03M
ENT
13
DELISTED
Global Eagle Entertainment Inc.
ENT
$4.05M 0.73%
72,694
– –
BYD icon
14
Boyd Gaming
BYD
$6.74B
$2.69M 0.48%
129,239
-405,000
-76% -$10.6M
OIBR.C
15
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$1.48M 0.27%
926,221
-185,578
-17% -$497K
SDRL
16
DELISTED
Seadrill Limited Common Stock
SDRL
$989K 0.18%
101,459
-10,685
-10% -$186K
QHC
17
DELISTED
Quorum Health Corporation
QHC
$838K 0.15%
290,000
– –
EVRI
18
DELISTED
Everi Holdings
EVRI
$801K 0.14%
155,630
-1,475,000
-90% -$10.1M
GOGO icon
19
Gogo Inc
GOGO
$536M
$502K 0.09%
167,948
-923,842
-85% -$4.62M
USWSW
20
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$223K 0.04%
+372,422
New +$234K
PYX
21
DELISTED
Pyxus International, Inc.
PYX
$166K 0.03%
+14,000
New +$293K
ASCMA
22
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
$34K 0.01%
+86,384
New +$83.9K
CSTM icon
23
Constellium
CSTM
$3.83B
– –
-1,159,348
Closed -$14.3M
GSAT icon
24
Globalstar
GSAT
$10.2B
– –
-133,333
Closed -$1.02M
HYMC icon
25
Hycroft Mining Holding Corp
HYMC
$1.85B
– –
-40,000
Closed -$3.89M
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
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HR
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Sound Point Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Sound Point Capital Management held 42 positions worth $558M, down 11% from $629M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Sound Point Capital Management withdrew a net $23.6M in Q4 2018, closing 17 positions and reducing 10 holdings. Its most notable exit was Constellium, an estimated $14.3M position sold in full.

By sector, the portfolio is most concentrated in Energy at 3.4% of assets, down from 8.5% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Sound Point Capital Management opened a new position in Pyxus International, Inc. worth $166K.

  • Sound Point Capital Management's largest Q4 2018 buy was Pyxus International, Inc.: 14,000 shares worth $166K.
  • Sound Point Capital Management added most to INTELSAT S. A. in Q4 2018, an estimated $4.05M increase.
  • Sound Point Capital Management's biggest Q4 2018 reduction was VICI Properties, cutting an estimated $20.1M.
  • Sound Point Capital Management fully exited Constellium in Q4 2018, selling an estimated $14.3M.
  • Sound Point Capital Management's ten largest holdings make up 92% of its $558M portfolio in Q4 2018.
  • Sound Point Capital Management opened 6 new positions and closed 17 in Q4 2018.
  • Sound Point Capital Management's portfolio value fell 11% quarter-over-quarter to $558M.

Based on Sound Point Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.