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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
+1.64%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$252M
AUM Growth
-$306M
Cap. Flow
-$347M
Cap. Flow %
-137.49%
Top 10 Hldgs %
90.08%
Holding
27
New
3
Increased
2
Reduced
7
Closed
6

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$6.34M
2
I
INTELSAT S. A.
I
+$4.24M

Top Sells

Rank Stock Value
1
VICI icon
VICI Properties
VICI
+$9.15M
2
GTN icon
Gray Television
GTN
+$8.56M
3
AMPY icon
Amplify Energy
AMPY
+$3.74M
4
PVG
PRETIUM RESOURCES INC.
PVG
+$3.68M
5
BYD icon
Boyd Gaming
BYD
+$2.69M

Sector Composition

Rank Sector Weight
1 Energy 6.59%
2 Communication Services 3.02%
3 Consumer Discretionary 2.85%
4 Utilities 2.77%
5 Materials 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$79.1B
$72.9M 28.92%
+476,000
New +$71.5M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$57.1M 22.64%
+202,000
New +$54.9M
I
3
DELISTED
INTELSAT S. A.
I
$11.9M 4.74%
762,045
+200,000
+36% +$4.24M
I
4
PUT
DELISTED
INTELSAT S. A.
I
$11M 4.35%
700,000
+200,000
+40% +$4.24M
CJ
5
DELISTED
C&J Energy Services, Inc.
CJ
$7.76M 3.08%
499,830
– –
CZR
6
DELISTED
Caesars Entertainment Corporation
CZR
$7.19M 2.85%
827,202
-172,798
-17% -$1.5M
PCG icon
7
PG&E
PCG
$39B
$6.98M 2.77%
+392,379
New +$6.34M
PVG
8
DELISTED
PRETIUM RESOURCES INC.
PVG
$6.67M 2.65%
779,129
-462,500
-37% -$3.68M
LORL
9
DELISTED
Loral Space and Communications, Inc.
LORL
$5.88M 2.33%
163,107
-4,595
-3% -$175K
AMPY icon
10
Amplify Energy
AMPY
$158M
$5.37M 2.13%
549,940
-402,676
-42% -$3.74M
GTN icon
11
Gray Television
GTN
$437M
$5.11M 2.03%
239,312
-459,000
-66% -$8.56M
HK
12
DELISTED
Halcon Resources Corporation
HK
$3.48M 1.38%
2,581,580
-250,000
-9% -$404K
OIBR.C
13
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$1.74M 0.69%
926,221
– –
ENT
14
DELISTED
Global Eagle Entertainment Inc.
ENT
$1.03M 0.41%
58,361
-14,333
-20% -$816K
SDRL
15
DELISTED
Seadrill Limited Common Stock
SDRL
$843K 0.33%
101,459
– –
GOGO icon
16
Gogo Inc
GOGO
$525M
$754K 0.3%
167,948
– –
USWSW
17
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$376K 0.15%
372,422
– –
PYX
18
DELISTED
Pyxus International, Inc.
PYX
$334K 0.13%
14,000
– –
ASCMA
19
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
$65K 0.03%
86,384
– –
BYD icon
20
Boyd Gaming
BYD
$6.75B
– –
-129,239
Closed -$2.69M
EVRI
21
DELISTED
Everi Holdings
EVRI
– –
-155,630
Closed -$801K
MAT icon
22
CALL
Mattel
MAT
$4.47B
– –
-900,000
Closed -$8.99M
SPY icon
23
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$771B
– –
-1,600,000
Closed -$400M
VICI icon
24
VICI Properties
VICI
$29.9B
– –
-487,008
Closed -$9.15M
QHC
25
DELISTED
Quorum Health Corporation
QHC
– –
-290,000
Closed -$838K

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

Sound Point Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Sound Point Capital Management held 27 positions worth $252M, down 55% from $558M the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Sound Point Capital Management withdrew a net $347M in Q1 2019, closing 6 positions and reducing 7 holdings. Its most notable exit was VICI Properties, an estimated $9.15M position sold in full.

By sector, the portfolio is most concentrated in Energy at 6.6% of assets, up from 3.4% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, Sound Point Capital Management opened a new position in PG&E worth $6.98M.

  • Sound Point Capital Management's largest Q1 2019 buy was PG&E: 392,379 shares worth $6.98M.
  • Sound Point Capital Management added most to INTELSAT S. A. in Q1 2019, an estimated $4.24M increase.
  • Sound Point Capital Management's biggest Q1 2019 reduction was Gray Television, cutting an estimated $8.56M.
  • Sound Point Capital Management fully exited VICI Properties in Q1 2019, selling an estimated $9.15M.
  • Sound Point Capital Management's ten largest holdings make up 90% of its $252M portfolio in Q1 2019.
  • Sound Point Capital Management opened 3 new positions and closed 6 in Q1 2019.
  • Sound Point Capital Management's portfolio value fell 55% quarter-over-quarter to $252M.

Based on Sound Point Capital Management's 13F filing for Q1 2019, filed 15 May 2019.