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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
+16.65%
1 Year Est. Return
+37.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$457M
AUM Growth
+$20.5M
Cap. Flow
-$16.8M
Cap. Flow %
-3.67%
Top 10 Hldgs %
88.96%
Holding
20
New
7
Increased
6
Reduced
1
Closed
4

Top Buys

Rank Stock Value
1
SEMG
SEMGROUP CORPORATION
SEMG
+$21.8M
2
OSG
Octave Specialty Group
OSG
+$10.9M
3
ORIG
Ocean Rig UDW Inc. Class A Common Shares
ORIG
+$5.35M
4
VRS
VERSO CORP COM STK (DE)
VRS
+$5.03M
5
DHT icon
DHT Holdings
DHT
+$4.73M

Top Sells

Rank Stock Value
1
NRG icon
NRG Energy
NRG
+$46.5M
2
CPN
Calpine Corporation
CPN
+$6.75M

Sector Composition

Rank Sector Weight
1 Energy 20.06%
2 Financials 19.16%
3 Technology 1.17%
4 Industrials 0.28%
5 Utilities 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGO icon
1
Assured Guaranty
AGO
$3.34B
$64.5M 14.13%
2,549,024
+127,405
+5% +$3.01M
LNG icon
2
CALL
Cheniere Energy
LNG
$52.9B
$64.1M 14.03%
1,157,700
-852,100
-42% -$40.8M
IP icon
3
CALL
International Paper
IP
$22B
$56.2M 12.29%
1,310,533
+600,710
+85% +$26.7M
CF icon
4
CALL
CF Industries
CF
$17.3B
$42.6M 9.32%
816,500
– –
SLM icon
5
CALL
SLM Corp
SLM
$5.15B
$35.5M 7.76%
+4,053,183
New +$35.4M
DYN
6
DELISTED
Dynegy, Inc.
DYN
$35M 7.67%
1,404,766
+14,464
+1% +$319K
ENLC
7
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$33.5M 7.32%
985,677
+25,000
+3% +$926K
LNG icon
8
Cheniere Energy
LNG
$52.9B
$28.9M 6.33%
522,214
– –
ORIG
9
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
$23.2M 5.08%
142
+33
+30% +$5.35M
OSG
10
Octave Specialty Group
OSG
$222M
$23M 5.03%
740,694
+394,823
+114% +$10.9M
SEMG
11
DELISTED
SEMGROUP CORPORATION
SEMG
$22.6M 4.94%
+343,516
New +$21.8M
AGO icon
12
CALL
Assured Guaranty
AGO
$3.34B
$14.5M 3.17%
+572,500
New +$13.5M
VRS
13
DELISTED
VERSO CORP COM STK (DE)
VRS
$5.37M 1.17%
+1,856,636
New +$5.03M
DHT icon
14
DHT Holdings
DHT
$3.02B
$4.73M 1.04%
+607,764
New +$4.73M
STNG icon
15
Scorpio Tankers
STNG
$3.81B
$2M 0.44%
+20,038
New +$2.06M
BALT
16
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
$1.26M 0.28%
+200,384
New +$1.27M
NRG icon
17
CALL
NRG Energy
NRG
$24.8B
– –
-730,400
Closed -$21M
NRG icon
18
NRG Energy
NRG
$24.8B
– –
-1,618,955
Closed -$46.5M
NE
19
CALL
DELISTED
Noble Corporation
NE
– –
-999,627
Closed -$32.7M
CPN
20
DELISTED
Calpine Corporation
CPN
– –
-346,159
Closed -$6.75M

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AEPIP
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Venor Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Venor Capital Management held 20 positions worth $457M, up 4.7% from $436M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Venor Capital Management withdrew a net $16.8M in Q1 2014, closing 4 positions and reducing 1 holding. Its most notable exit was NRG Energy, an estimated $46.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 20% of assets, up from 13% a quarter earlier, followed by Financials and Technology.

Against the trend, Venor Capital Management opened a new position in SEMGROUP CORPORATION worth $22.6M.

  • Venor Capital Management's largest Q1 2014 buy was SEMGROUP CORPORATION: 343,516 shares worth $22.6M.
  • Venor Capital Management added most to Octave Specialty Group in Q1 2014, an estimated $10.9M increase.
  • Venor Capital Management fully exited NRG Energy in Q1 2014, selling an estimated $46.5M.
  • Venor Capital Management's ten largest holdings make up 89% of its $457M portfolio in Q1 2014.
  • Venor Capital Management opened 7 new positions and closed 4 in Q1 2014.
  • Venor Capital Management's portfolio value rose 4.7% quarter-over-quarter to $457M.

Based on Venor Capital Management's 13F filing for Q1 2014, filed 15 May 2014.