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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
+6.13%
1 Year Est. Return
+37.72%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$187M
AUM Growth
+$38.3M
(+26%)
Cap. Flow
+$32.8M
Cap. Flow
% of AUM
17.54%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
19
New
5
Increased
3
Reduced
–
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Option Care Health
OPCH
|
+$19.8M |
| 2 |
MBIA
MBI
|
+$10.7M |
| 3 |
GST
Gastar Exploration Inc.
GST
|
+$5.89M |
| 4 |
Assured Guaranty
AGO
|
+$5.85M |
| 5 |
ARCH
Arch Resources, Inc.
ARCH
|
+$2.56M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OSG
Octave Specialty Group
OSG
|
+$24.3M |
| 2 |
Dell
DELL
|
+$8.25M |
| 3 |
CRC
California Resources Corporation
CRC
|
+$3.72M |
| 4 |
DNR
Denbury Resources, Inc.
DNR
|
+$3.05M |
| 5 |
X
US Steel
X
|
+$1.69M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.85% |
| 2 | Energy | 12.82% |
| 3 | Healthcare | 10.92% |
| 4 | Materials | 0% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
| $66.1M | 35.36% |
+441,425
| New | +$68.8M |
|
|
2
Assured Guaranty
AGO
$3.34B
| $35.6M | 19.05% |
959,925
+147,396
| +18% | +$5.85M |
|
|
3
Option Care Health
OPCH
$3.56B
| $20.4M | 10.92% |
+3,001,363
| New | +$19.8M |
|
|
WLB
4
DELISTED
Westmoreland Coal Company
WLB
| $13.4M | 7.19% |
925,650
+29,346
| +3% | +$467K |
|
|
ARCH
5
DELISTED
Arch Resources, Inc.
ARCH
| $10.5M | 5.63% |
152,591
+36,106
| +31% | +$2.56M |
|
|
6
CALL
MBIA
MBI
$260M
| $9.98M | 5.34% |
+1,178,400
| New | +$11.9M |
|
|
7
MBIA
MBI
$260M
| $8.97M | 4.8% |
+1,059,408
| New | +$10.7M |
|
|
GST
8
DELISTED
Gastar Exploration Inc.
GST
| $5.52M | 2.95% |
+3,583,911
| New | +$5.89M |
|
|
OSG
9
Octave Specialty Group
OSG
$222M
| – | – |
-1,078,289
| Closed | -$24.3M |
|
|
10
Dell
DELL
$293B
| – | – |
-535,059
| Closed | -$8.25M |
|
11
PUT
iShares Russell 2000 ETF
IWM
$83B
| – | – |
-349,700
| Closed | -$47.2M |
|
12
Nucor
NUE
$62.1B
| – | – |
-27,374
| Closed | -$1.63M |
|
13
Steel Dynamics
STLD
$37.6B
| – | – |
-46,011
| Closed | -$1.64M |
|
|
X
14
DELISTED
US Steel
X
| – | – |
-51,253
| Closed | -$1.69M |
|
|
DNR
15
DELISTED
Denbury Resources, Inc.
DNR
| – | – |
-827,660
| Closed | -$3.05M |
|
|
AKS
16
DELISTED
AK Steel Holding Corp
AKS
| – | – |
-165,408
| Closed | -$1.69M |
|
|
CRC
17
DELISTED
California Resources Corporation
CRC
| – | – |
-174,858
| Closed | -$3.72M |
|
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Venor Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Venor Capital Management held 19 positions worth $187M, up 26% from $149M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Venor Capital Management deployed $32.8M of net new capital in Q1 2017, opening 5 new positions and adding to 3 existing holdings. Its largest new stake was Option Care Health: 3,001,363 shares worth $20.4M.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 37% a quarter earlier, followed by Energy and Healthcare.
On the sell side, the most notable exit was Octave Specialty Group, an estimated $24.3M sold.
- Venor Capital Management's largest Q1 2017 buy was Option Care Health: 3,001,363 shares worth $20.4M.
- Venor Capital Management added most to Assured Guaranty in Q1 2017, an estimated $5.85M increase.
- Venor Capital Management fully exited Octave Specialty Group in Q1 2017, selling an estimated $24.3M.
- Venor Capital Management's ten largest holdings make up 100% of its $187M portfolio in Q1 2017.
- Venor Capital Management opened 5 new positions and closed 9 in Q1 2017.
- Venor Capital Management's portfolio value rose 26% quarter-over-quarter to $187M.
Based on Venor Capital Management's 13F filing for Q1 2017, filed 15 May 2017.