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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
+11.74%
1 Year Est. Return
+37.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$721M
AUM Growth
+$264M
Cap. Flow
+$184M
Cap. Flow %
25.48%
Top 10 Hldgs %
84.91%
Holding
23
New
7
Increased
8
Reduced
2
Closed
5

Top Buys

Rank Stock Value
1
NAVI icon
Navient
NAVI
+$60.2M
2
ALLY icon
Ally Financial
ALLY
+$53.6M
3
CVEO icon
Civeo
CVEO
+$21.3M
4
GLNG icon
Golar LNG
GLNG
+$20.3M
5
RTK
Rentech, Inc.
RTK
+$19.2M

Top Sells

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$31.7M
2
ENLC
ENLINK MIDSTREAM, LLC
ENLC
+$15M
3
DYN
Dynegy, Inc.
DYN
+$11.4M
4
DHT icon
DHT Holdings
DHT
+$4.73M
5
STNG icon
Scorpio Tankers
STNG
+$2M

Sector Composition

Rank Sector Weight
1 Financials 27.84%
2 Energy 12.6%
3 Materials 3.1%
4 Consumer Discretionary 2.96%
5 Technology 0.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LNG icon
1
CALL
Cheniere Energy
LNG
$52.9B
$225M 31.2%
3,137,400
+1,979,700
+171% +$120M
IP icon
2
CALL
International Paper
IP
$22B
$67.7M 9.39%
1,456,587
+146,054
+11% +$6.4M
NAVI icon
3
Navient
NAVI
$853M
$64.5M 8.94%
+3,639,691
New +$60.2M
AGO icon
4
Assured Guaranty
AGO
$3.34B
$62.5M 8.67%
2,552,724
+3,700
+0.1% +$91.8K
ALLY icon
5
Ally Financial
ALLY
$13.3B
$52.8M 7.32%
+2,209,118
New +$53.6M
DYN
6
DELISTED
Dynegy, Inc.
DYN
$36.1M 5%
1,036,162
-368,604
-26% -$11.4M
SEMG
7
DELISTED
SEMGROUP CORPORATION
SEMG
$27.7M 3.85%
351,716
+8,200
+2% +$557K
GLNG icon
8
Golar LNG
GLNG
$5.13B
$26M 3.61%
+432,980
New +$20.3M
ORIG
9
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
$25.3M 3.51%
145
+3
+2% +$487K
ENLC
10
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$24.7M 3.43%
593,772
-391,905
-40% -$15M
RTK
11
DELISTED
Rentech, Inc.
RTK
$22.4M 3.1%
+863,959
New +$19.2M
CVEO icon
12
Civeo
CVEO
$318M
$21.3M 2.96%
+71,049
New +$21.3M
OSG
13
Octave Specialty Group
OSG
$222M
$20.9M 2.9%
765,694
+25,000
+3% +$725K
AGO icon
14
CALL
Assured Guaranty
AGO
$3.34B
$14M 1.95%
572,500
– –
WLB
15
DELISTED
Westmoreland Coal Company
WLB
$12.4M 1.72%
+341,037
New +$10.6M
CIT
16
CALL
DELISTED
CIT Group Inc.
CIT
$9.15M 1.27%
+200,000
New +$9.02M
VRS
17
DELISTED
VERSO CORP COM STK (DE)
VRS
$4.5M 0.62%
2,144,865
+288,229
+16% +$712K
BALT
18
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
$4.12M 0.57%
689,408
+489,024
+244% +$3.09M
CF icon
19
CALL
CF Industries
CF
$17.3B
– –
-816,500
Closed -$42.6M
DHT icon
20
DHT Holdings
DHT
$3.02B
– –
-607,764
Closed -$4.73M
LNG icon
21
Cheniere Energy
LNG
$52.9B
– –
-522,214
Closed -$31.7M
SLM icon
22
CALL
SLM Corp
SLM
$5.15B
– –
-4,053,183
Closed -$35.5M
STNG icon
23
Scorpio Tankers
STNG
$3.81B
– –
-20,038
Closed -$2M

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Venor Capital Management's Q2 2014 Portfolio in Review

As of Q2 2014, Venor Capital Management held 23 positions worth $721M, up 58% from $457M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Venor Capital Management deployed $184M of net new capital in Q2 2014, opening 7 new positions and adding to 8 existing holdings. Its largest new stake was Navient: 3,639,691 shares worth $64.5M.

By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 19% a quarter earlier, followed by Energy and Materials.

On the sell side, the largest reduction was ENLINK MIDSTREAM, LLC, an estimated $15M trimmed.

  • Venor Capital Management's largest Q2 2014 buy was Navient: 3,639,691 shares worth $64.5M.
  • Venor Capital Management added most to BALTIC TRADING LIMITED COMMON STOCK in Q2 2014, an estimated $3.09M increase.
  • Venor Capital Management's biggest Q2 2014 reduction was ENLINK MIDSTREAM, LLC, cutting an estimated $15M.
  • Venor Capital Management fully exited Cheniere Energy in Q2 2014, selling an estimated $31.7M.
  • Venor Capital Management's ten largest holdings make up 85% of its $721M portfolio in Q2 2014.
  • Venor Capital Management opened 7 new positions and closed 5 in Q2 2014.
  • Venor Capital Management's portfolio value rose 58% quarter-over-quarter to $721M.

Based on Venor Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.