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VCM

Venor Capital Management Portfolio holdings

AUM $58.9M
1-Year Est. Return 37.72%
This Fund
S&P 500
This Quarter Est. Return
+24.84%
1 Year Est. Return
+37.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$436M
AUM Growth
+$135M
Cap. Flow
+$92.6M
Cap. Flow %
21.21%
Top 10 Hldgs %
92.07%
Holding
21
New
3
Increased
7
Reduced
1
Closed
8

Top Buys

Rank Stock Value
1
AGO icon
Assured Guaranty
AGO
+$52.7M
2
ENLC
ENLINK MIDSTREAM, LLC
ENLC
+$20.8M
3
ORIG
Ocean Rig UDW Inc. Class A Common Shares
ORIG
+$10.1M
4
OSG
Octave Specialty Group
OSG
+$7.24M
5
DYN
Dynegy, Inc.
DYN
+$4.82M

Top Sells

Rank Stock Value
1
AIG icon
American International
AIG
+$33.2M
2
AMH icon
American Homes 4 Rent
AMH
+$6.86M
3
TI
Telecom Italia
TI
+$5.34M
4
LNG icon
Cheniere Energy
LNG
+$3.58M
5
SBY
Silver Bay Realty Trust Corp.
SBY
+$407K

Sector Composition

Rank Sector Weight
1 Financials 15.04%
2 Energy 13.12%
3 Utilities 12.2%
4 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LNG icon
1
CALL
Cheniere Energy
LNG
$52.9B
$86.7M 19.86%
2,009,800
+1,061,000
+112% +$42.2M
AGO icon
2
Assured Guaranty
AGO
$3.34B
$57.1M 13.09%
+2,421,619
New +$52.7M
NRG icon
3
NRG Energy
NRG
$24.8B
$46.5M 10.66%
1,618,955
– –
CF icon
4
CALL
CF Industries
CF
$17.3B
$38.1M 8.72%
816,500
+681,000
+503% +$29.8M
ENLC
5
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$34.7M 7.96%
960,677
+696,172
+263% +$20.8M
NE
6
CALL
DELISTED
Noble Corporation
NE
$32.7M 7.5%
999,627
+132,475
+15% +$4.4M
IP icon
7
CALL
International Paper
IP
$22B
$32.5M 7.45%
+709,823
New +$30.4M
DYN
8
DELISTED
Dynegy, Inc.
DYN
$29.9M 6.86%
1,390,302
+236,829
+21% +$4.82M
LNG icon
9
Cheniere Energy
LNG
$52.9B
$22.5M 5.16%
522,214
-90,000
-15% -$3.58M
NRG icon
10
CALL
NRG Energy
NRG
$24.8B
$21M 4.81%
730,400
+500,000
+217% +$14M
ORIG
11
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
$19.3M 4.43%
109
+57
+110% +$10.1M
OSG
12
Octave Specialty Group
OSG
$222M
$8.49M 1.95%
+345,871
New +$7.24M
CPN
13
DELISTED
Calpine Corporation
CPN
$6.75M 1.55%
346,159
– –
AIG icon
14
CALL
American International
AIG
$41.8B
– –
-133,600
Closed -$6.5M
AIG icon
15
American International
AIG
$41.8B
– –
-682,648
Closed -$33.2M
AMH icon
16
American Homes 4 Rent
AMH
$12.5B
– –
-425,000
Closed -$6.86M
SBY
17
DELISTED
Silver Bay Realty Trust Corp.
SBY
– –
-26,000
Closed -$407K
ORIG
18
CALL
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
– –
-128
Closed -$21.3M
TI
19
DELISTED
Telecom Italia
TI
– –
-5,404,390
Closed -$5.34M

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Venor Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Venor Capital Management held 21 positions worth $436M, up 45% from $302M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Venor Capital Management deployed $92.6M of net new capital in Q4 2013, opening 3 new positions and adding to 7 existing holdings. Its largest new stake was Assured Guaranty: 2,421,619 shares worth $57.1M.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 11% a quarter earlier, followed by Energy and Utilities.

On the sell side, the largest reduction was Cheniere Energy, an estimated $3.58M trimmed.

  • Venor Capital Management's largest Q4 2013 buy was Assured Guaranty: 2,421,619 shares worth $57.1M.
  • Venor Capital Management added most to ENLINK MIDSTREAM, LLC in Q4 2013, an estimated $20.8M increase.
  • Venor Capital Management's biggest Q4 2013 reduction was Cheniere Energy, cutting an estimated $3.58M.
  • Venor Capital Management fully exited American International in Q4 2013, selling an estimated $33.2M.
  • Venor Capital Management's ten largest holdings make up 92% of its $436M portfolio in Q4 2013.
  • Venor Capital Management opened 3 new positions and closed 8 in Q4 2013.
  • Venor Capital Management's portfolio value rose 45% quarter-over-quarter to $436M.

Based on Venor Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.