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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
+10.21%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$142M
AUM Growth
+$32.2M
(+29%)
Cap. Flow
-$25.8M
Cap. Flow
% of AUM
-18.16%
Top 10 Holdings %
Top 10 Hldgs %
98.34%
Holding
18
New
2
Increased
4
Reduced
4
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sinclair Inc
SBGI
|
+$1.34M |
| 2 |
PVG
PRETIUM RESOURCES INC.
PVG
|
+$776K |
| 3 |
MDR
McDermott International
MDR
|
+$189K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$1.71M |
| 2 |
MAXR
Maxar Technologies Inc. Common Stock
MAXR
|
+$1.47M |
| 3 |
Amplify Energy
AMPY
|
+$1.22M |
| 4 |
I
INTELSAT S. A.
I
|
+$1.22M |
| 5 |
Gray Television
GTN
|
+$1.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 87.88% |
| 2 | Communication Services | 5.94% |
| 3 | Technology | 4.32% |
| 4 | Materials | 1.79% |
| 5 | Industrials | 0.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$803B
| $45.1M | 31.7% |
140,000
+45,600
| +48% | +$14M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$77.6B
| $39.4M | 27.74% |
238,000
+42,500
| +22% | +$6.72M |
|
3
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $25.7M | 18.11% |
190,000
+113,500
| +148% | +$15.8M |
|
4
Clear Channel Outdoor Holdings
CCO
$1.21B
| $3.32M | 2.34% |
1,161,755
| – | – |
|
|
LORL
5
DELISTED
Loral Space and Communications, Inc.
LORL
| $3.22M | 2.27% |
99,740
-5,435
| -5% | -$199K |
|
|
MAXR
6
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $2.92M | 2.05% |
186,019
-141,066
| -43% | -$1.47M |
|
|
7
Gray Television
GTN
$507M
| $2.91M | 2.05% |
135,744
-64,100
| -32% | -$1.19M |
|
|
PVG
8
DELISTED
PRETIUM RESOURCES INC.
PVG
| $2.54M | 1.79% |
228,694
+72,969
| +47% | +$776K |
|
|
9
Sinclair Inc
SBGI
$1.04B
| $1.2M | 0.84% |
+36,000
| New | +$1.34M |
|
10
iHeartMedia
IHRT
$423M
| $602K | 0.42% |
35,627
| – | – |
|
|
ENT
11
DELISTED
Global Eagle Entertainment Inc.
ENT
| $404K | 0.28% |
32,319
-16,453
| -34% | -$226K |
|
|
MDR
12
DELISTED
McDermott International
MDR
| $100K | 0.07% |
+147,860
| New | +$189K |
|
|
USWSW
13
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
| $48K | 0.03% |
372,422
| – | – |
|
|
14
Amplify Energy
AMPY
$199M
| – | – |
-197,564
| Closed | -$1.22M |
|
|
15
PG&E
PCG
$30B
| – | – |
-170,634
| Closed | -$1.71M |
|
|
I
16
DELISTED
INTELSAT S. A.
I
| – | – |
-53,392
| Closed | -$1.22M |
|
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Sound Point Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Sound Point Capital Management held 18 positions worth $142M, up 29% from $110M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Sound Point Capital Management withdrew a net $25.8M in Q4 2019, closing 3 positions and reducing 4 holdings. Its most notable exit was PG&E, an estimated $1.71M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 88% of assets, up from 81% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Sound Point Capital Management opened a new position in Sinclair Inc worth $1.2M.
- Sound Point Capital Management's largest Q4 2019 buy was Sinclair Inc: 36,000 shares worth $1.2M.
- Sound Point Capital Management added most to PRETIUM RESOURCES INC. in Q4 2019, an estimated $776K increase.
- Sound Point Capital Management's biggest Q4 2019 reduction was Maxar Technologies Inc. Common Stock, cutting an estimated $1.47M.
- Sound Point Capital Management fully exited PG&E in Q4 2019, selling an estimated $1.71M.
- Sound Point Capital Management's ten largest holdings make up 98% of its $142M portfolio in Q4 2019.
- Sound Point Capital Management opened 2 new positions and closed 3 in Q4 2019.
- Sound Point Capital Management's portfolio value rose 29% quarter-over-quarter to $142M.
Based on Sound Point Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.