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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
+2.62%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$152M
AUM Growth
-$99.9M
Cap. Flow
-$139M
Cap. Flow %
-91.21%
Top 10 Hldgs %
89.32%
Holding
24
New
3
Increased
1
Reduced
9
Closed
5

Top Buys

Rank Stock Value
1
CCO icon
Clear Channel Outdoor Holdings
CCO
+$3.58M
2
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$1.24M
3
GTN icon
Gray Television
GTN
+$801K

Top Sells

Rank Stock Value
1
I
INTELSAT S. A.
I
+$9.92M
2
CZR
Caesars Entertainment Corporation
CZR
+$7.19M
3
CJ
C&J Energy Services, Inc.
CJ
+$4.76M
4
HK
Halcon Resources Corporation
HK
+$3.48M
5
PVG
PRETIUM RESOURCES INC.
PVG
+$3.02M

Sector Composition

Rank Sector Weight
1 Communication Services 6.26%
2 Technology 4.73%
3 Utilities 3.71%
4 Materials 2.79%
5 Energy 2.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$79.3B
$29.3M 19.27%
188,500
-287,500
-60% -$44.3M
TLT icon
2
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.9B
$26.6M 17.46%
+200,000
New +$25.4M
SPY icon
3
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
$22M 14.44%
75,000
-127,000
-63% -$36.6M
PCG icon
4
PG&E
PCG
$39.2B
$5.65M 3.71%
246,432
-145,947
-37% -$2.93M
LORL
5
DELISTED
Loral Space and Communications, Inc.
LORL
$5.63M 3.7%
163,107
– –
I
6
DELISTED
INTELSAT S. A.
I
$4.86M 3.2%
250,000
-512,045
-67% -$9.92M
I
7
PUT
DELISTED
INTELSAT S. A.
I
$4.86M 3.2%
250,000
-450,000
-64% -$8.72M
GTN icon
8
Gray Television
GTN
$437M
$4.58M 3.01%
279,712
+40,400
+17% +$801K
PVG
9
DELISTED
PRETIUM RESOURCES INC.
PVG
$4.25M 2.79%
424,029
-355,100
-46% -$3.02M
CCO icon
10
Clear Channel Outdoor Holdings
CCO
$1.23B
$3.31M 2.17%
+700,839
New +$3.58M
AMPY icon
11
Amplify Energy
AMPY
$155M
$2.3M 1.51%
390,940
-159,000
-29% -$1.41M
CJ
12
DELISTED
C&J Energy Services, Inc.
CJ
$1.79M 1.18%
151,936
-347,894
-70% -$4.76M
OIBR.C
13
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$1.63M 1.07%
813,110
-113,111
-12% -$215K
MAXR
14
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$1.56M 1.03%
+200,000
New +$1.24M
ENT
15
DELISTED
Global Eagle Entertainment Inc.
ENT
$948K 0.62%
58,361
– –
USWSW
16
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$242K 0.16%
372,422
– –
PYX
17
DELISTED
Pyxus International, Inc.
PYX
$213K 0.14%
14,000
– –
GOGO icon
18
Gogo Inc
GOGO
$518M
– –
-167,948
Closed -$754K
SDRL
19
DELISTED
Seadrill Limited Common Stock
SDRL
– –
-101,459
Closed -$843K
ASCMA
20
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
– –
-86,384
Closed -$65K
CZR
21
DELISTED
Caesars Entertainment Corporation
CZR
– –
-827,202
Closed -$7.19M
HK
22
DELISTED
Halcon Resources Corporation
HK
– –
-2,581,580
Closed -$3.48M

Similar funds

PFM
Probabilities Fund Management White Plains, New York $28.1M AUM 54.68% 1-Year Est. Return
A
Attestor London, United Kingdom $27.8M AUM 32.32% 1-Year Est. Return
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 Q2 2019 Portfolio in Review

As of Q2 2019, Sound Point Capital Management held 24 positions worth $152M, down 40% from $252M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Sound Point Capital Management withdrew a net $139M in Q2 2019, closing 5 positions and reducing 9 holdings. Its most notable exit was Caesars Entertainment Corporation, an estimated $7.19M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 6.3% of assets, up from 3% a quarter earlier, followed by Technology and Utilities.

Against the trend, Sound Point Capital Management opened a new position in Clear Channel Outdoor Holdings worth $3.31M.

  • Sound Point Capital Management's largest Q2 2019 buy was Clear Channel Outdoor Holdings: 700,839 shares worth $3.31M.
  • Sound Point Capital Management added most to Gray Television in Q2 2019, an estimated $801K increase.
  • Sound Point Capital Management's biggest Q2 2019 reduction was INTELSAT S. A., cutting an estimated $9.92M.
  • Sound Point Capital Management fully exited Caesars Entertainment Corporation in Q2 2019, selling an estimated $7.19M.
  • Sound Point Capital Management's ten largest holdings make up 89% of its $152M portfolio in Q2 2019.
  • Sound Point Capital Management opened 3 new positions and closed 5 in Q2 2019.
  • Sound Point Capital Management's portfolio value fell 40% quarter-over-quarter to $152M.

Based on Sound Point Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.