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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
-2.45%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$110M
AUM Growth
-$42.2M
Cap. Flow
-$61.6M
Cap. Flow %
-56.02%
Top 10 Hldgs %
94.84%
Holding
20
New
1
Increased
4
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
CCO icon
Clear Channel Outdoor Holdings
CCO
+$1.45M
2
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$1.01M
3
IHRT icon
iHeartMedia
IHRT
+$506K

Top Sells

Rank Stock Value
1
I
INTELSAT S. A.
I
+$4.15M
2
PVG
PRETIUM RESOURCES INC.
PVG
+$3.19M
3
LORL
Loral Space and Communications, Inc.
LORL
+$2.17M
4
CJ
C&J Energy Services, Inc.
CJ
+$1.79M
5
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
+$1.63M

Sector Composition

Rank Sector Weight
1 Technology 6.22%
2 Communication Services 6.12%
3 Materials 1.63%
4 Utilities 1.55%
5 Energy 1.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWM icon
1
PUT
iShares Russell 2000 ETF
IWM
$79.3B
$29.6M 26.91%
195,500
+7,000
+4% +$1.07M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
$28M 25.48%
94,400
+19,400
+26% +$5.73M
TLT icon
3
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.9B
$10.9M 9.96%
76,500
-123,500
-62% -$17.2M
LORL
4
DELISTED
Loral Space and Communications, Inc.
LORL
$4.35M 3.96%
105,175
-57,932
-36% -$2.17M
GTN icon
5
Gray Television
GTN
$438M
$3.26M 2.97%
199,844
-79,868
-29% -$1.31M
CCO icon
6
Clear Channel Outdoor Holdings
CCO
$1.23B
$2.93M 2.66%
1,161,755
+460,916
+66% +$1.45M
MAXR
7
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$2.49M 2.26%
327,085
+127,085
+64% +$1.01M
PVG
8
DELISTED
PRETIUM RESOURCES INC.
PVG
$1.79M 1.63%
155,725
-268,304
-63% -$3.19M
PCG icon
9
PG&E
PCG
$39.1B
$1.71M 1.55%
170,634
-75,798
-31% -$1.15M
AMPY icon
10
Amplify Energy
AMPY
$156M
$1.22M 1.11%
197,564
-193,376
-49% -$1.09M
I
11
DELISTED
INTELSAT S. A.
I
$1.22M 1.11%
53,392
-196,608
-79% -$4.15M
ENT
12
DELISTED
Global Eagle Entertainment Inc.
ENT
$880K 0.8%
48,772
-9,589
-16% -$173K
IHRT icon
13
iHeartMedia
IHRT
$529M
$534K 0.49%
+35,627
New +$506K
USWSW
14
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$112K 0.1%
372,422
– –
PYX
15
DELISTED
Pyxus International, Inc.
PYX
– –
-14,000
Closed -$213K
I
16
PUT
DELISTED
INTELSAT S. A.
I
– –
-250,000
Closed -$4.86M
CJ
17
DELISTED
C&J Energy Services, Inc.
CJ
– –
-151,936
Closed -$1.79M
OIBR.C
18
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
– –
-813,110
Closed -$1.63M

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 Q3 2019 Portfolio in Review

As of Q3 2019, Sound Point Capital Management held 20 positions worth $110M, down 28% from $152M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Sound Point Capital Management withdrew a net $61.6M in Q3 2019, closing 4 positions and reducing 8 holdings. Its most notable exit was C&J Energy Services, Inc., an estimated $1.79M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.2% of assets, up from 4.7% a quarter earlier, followed by Communication Services and Materials.

Against the trend, Sound Point Capital Management opened a new position in iHeartMedia worth $534K.

  • Sound Point Capital Management's largest Q3 2019 buy was iHeartMedia: 35,627 shares worth $534K.
  • Sound Point Capital Management added most to Clear Channel Outdoor Holdings in Q3 2019, an estimated $1.45M increase.
  • Sound Point Capital Management's biggest Q3 2019 reduction was INTELSAT S. A., cutting an estimated $4.15M.
  • Sound Point Capital Management fully exited C&J Energy Services, Inc. in Q3 2019, selling an estimated $1.79M.
  • Sound Point Capital Management's ten largest holdings make up 95% of its $110M portfolio in Q3 2019.
  • Sound Point Capital Management opened 1 new position and closed 4 in Q3 2019.
  • Sound Point Capital Management's portfolio value fell 28% quarter-over-quarter to $110M.

Based on Sound Point Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.