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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
-21.79%
1 Year Est. Return
+13.25%
3 Year Est. Return
+61.51%
5 Year Est. Return
+70.95%
10 Year Est. Return
–
AUM
$31.8M
AUM Growth
-$110M
Cap. Flow
-$117M
Cap. Flow %
-366.74%
Top 10 Hldgs %
97.95%
Holding
18
New
3
Increased
3
Reduced
3
Closed
4

Top Buys

Rank Stock Value
1
AMLP icon
Alerian MLP ETF
AMLP
+$3.39M
2
SBGI icon
Sinclair Inc
SBGI
+$1.17M
3
MAXR
Maxar Technologies Inc. Common Stock
MAXR
+$704K
4
BATL icon
Battalion Oil
BATL
+$604K
5
PVG
PRETIUM RESOURCES INC.
PVG
+$598K

Top Sells

Rank Stock Value
1
LORL
Loral Space and Communications, Inc.
LORL
+$3.22M
2
ENT
Global Eagle Entertainment Inc.
ENT
+$181K
3
CCO icon
Clear Channel Outdoor Holdings
CCO
+$110K
4
MDR
McDermott International
MDR
+$100K

Sector Composition

Rank Sector Weight
1 Communication Services 12.93%
2 Technology 7.75%
3 Materials 5.32%
4 Energy 1.49%
5 Industrials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TLT icon
1
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.4B
$8.05M 25.28%
48,800
-141,200
-74% -$21M
MAXR
2
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$2.47M 7.75%
231,019
+45,000
+24% +$704K
AMLP icon
3
Alerian MLP ETF
AMLP
$12.9B
$1.72M 5.4%
+100,000
New +$3.39M
PVG
4
DELISTED
PRETIUM RESOURCES INC.
PVG
$1.69M 5.32%
298,694
+70,000
+31% +$598K
GTN icon
5
Gray Television
GTN
$417M
$1.46M 4.58%
135,744
– –
SBGI icon
6
Sinclair Inc
SBGI
$994M
$1.3M 4.09%
81,000
+45,000
+125% +$1.17M
CCO icon
7
Clear Channel Outdoor Holdings
CCO
$1.23B
$710K 2.23%
1,109,939
-51,816
-4% -$110K
BATL icon
8
Battalion Oil
BATL
$30.2M
$475K 1.49%
+101,641
New +$604K
LEE icon
9
Lee Enterprises
LEE
$170M
$386K 1.21%
+39,282
New +$561K
IHRT icon
10
iHeartMedia
IHRT
$529M
$260K 0.82%
35,627
– –
ENT
11
DELISTED
Global Eagle Entertainment Inc.
ENT
$45K 0.14%
11,319
-21,000
-65% -$181K
USWSW
12
DELISTED
U.S. Well Services, Inc. Warrants
USWSW
$7K 0.02%
372,422
– –
IWM icon
13
PUT
iShares Russell 2000 ETF
IWM
$80.2B
– –
-238,000
Closed -$39.4M
SPY icon
14
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
– –
-140,000
Closed -$45.1M
LORL
15
DELISTED
Loral Space and Communications, Inc.
LORL
– –
-99,740
Closed -$3.22M
MDR
16
DELISTED
McDermott International
MDR
– –
-147,860
Closed -$100K

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A
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CFRPA
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SH
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FSCP
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HCIL
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WLRC
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Sound Point Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Sound Point Capital Management held 18 positions worth $31.8M, down 78% from $142M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Sound Point Capital Management withdrew a net $117M in Q1 2020, closing 4 positions and reducing 3 holdings. Its most notable exit was Loral Space and Communications, Inc., an estimated $3.22M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 13% of assets, up from 5.7% a quarter earlier, followed by Technology and Materials.

Against the trend, Sound Point Capital Management opened a new position in Alerian MLP ETF worth $1.72M.

  • Sound Point Capital Management's largest Q1 2020 buy was Alerian MLP ETF: 100,000 shares worth $1.72M.
  • Sound Point Capital Management added most to Sinclair Inc in Q1 2020, an estimated $1.17M increase.
  • Sound Point Capital Management's biggest Q1 2020 reduction was Global Eagle Entertainment Inc., cutting an estimated $181K.
  • Sound Point Capital Management fully exited Loral Space and Communications, Inc. in Q1 2020, selling an estimated $3.22M.
  • Sound Point Capital Management's ten largest holdings make up 98% of its $31.8M portfolio in Q1 2020.
  • Sound Point Capital Management opened 3 new positions and closed 4 in Q1 2020.
  • Sound Point Capital Management's portfolio value fell 78% quarter-over-quarter to $31.8M.

Based on Sound Point Capital Management's 13F filing for Q1 2020, filed 15 May 2020.