Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GGB | Sell | GERDAU SAspon adr rep pfd | $84,395,853 | -10.1% | 17,693,051 | -1.6% | 22.64% | -10.6% |
| PBR | Sell | PETROLEO BRASILEIRO SA PETROsponsored adr | $69,078,792 | +7.2% | 4,608,325 | -1.1% | 18.53% | +6.6% |
| Sell | ALGOMA STL GROUP INC | $30,356,716 | -18.8% | 4,464,223 | -15.2% | 8.14% | -19.2% | |
| New | NATIONAL CINEMEDIA INC | $6,918,358 | – | 1,540,837 | – | 1.86% | – | |
| CCO | Sell | CLEAR CHANNEL OUTDOOR HLDGS | $4,744,130 | -6.5% | 3,002,614 | -18.9% | 1.27% | -7.0% |
| VAL | Sell | VALARIS LTDcl a | $4,713,918 | -25.1% | 62,869 | -37.1% | 1.26% | -25.5% |
| ADV | Sell | ADVANTAGE SOLUTIONS INC | $3,534,752 | +20.8% | 1,244,631 | -0.4% | 0.95% | +20.2% |
| EEX | Buy | EMERALD HOLDING INC | $3,465,895 | +36.5% | 766,791 | +23.8% | 0.93% | +35.8% |
| Sell | NOBLE CORP PLC | $3,184,568 | -22.9% | 62,874 | -37.1% | 0.85% | -23.3% | |
| BV | Buy | BRIGHTVIEW HLDGS INC | $2,304,687 | +11.7% | 297,379 | +3.5% | 0.62% | +11.0% |
| Buy | ARDAGH METAL PACKAGING S A | $1,998,192 | -14.6% | 638,400 | +2.6% | 0.54% | -15.1% | |
| VNOM | New | VIPER ENERGY PARTNERS LP | $1,883,489 | – | 67,557 | – | 0.50% | – |
| IHRT | Sell | IHEARTMEDIA INC | $1,307,387 | -42.8% | 413,730 | -34.1% | 0.35% | -43.0% |
| SKIL | Sell | SKILLSOFT CORPcl a | $1,102,682 | -19.9% | 62,200 | -94.4% | 0.30% | -20.2% |
| PBI | Buy | PITNEY BOWES INC | $724,800 | -13.2% | 240,000 | +1.7% | 0.19% | -13.8% |
| DXC | Sell | DXC TECHNOLOGY CO | $624,900 | -24.6% | 30,000 | -3.2% | 0.17% | -24.7% |
| NCR | Sell | NCR CORP NEW | $620,310 | -20.6% | 23,000 | -25.8% | 0.17% | -21.3% |
| ALTG | Buy | ALTA EQUIPMENT GROUP INC | $584,910 | -15.6% | 48,500 | +21.2% | 0.16% | -16.0% |
| AGS | Buy | PLAYAGS INC | $563,328 | +58.3% | 86,400 | +37.1% | 0.15% | +57.3% |
| Sell | WARNER BROS DISCOVERY INC | $488,700 | -73.1% | 45,000 | -69.0% | 0.13% | -73.3% | |
| FYBR | Sell | FRONTIER COMMUNICATIONS PARE | $438,200 | -87.0% | 28,000 | -84.5% | 0.12% | -87.0% |
| ACI | Buy | ALBERTSONS COS INC | $386,750 | +10.8% | 17,000 | +6.2% | 0.10% | +10.6% |
| AAP | New | ADVANCE AUTO PARTS INC | $240,499 | – | 4,300 | – | 0.06% | – |
| Exit | SYLVAMO CORP | $0 | – | -16,000 | – | -0.18% | – | |
| Exit | R1 RCM INC | $0 | – | -41,000 | – | -0.20% | – | |
| Exit | BRIDGEBIO PHARMA INCnote 2.500% 3/1 | $0 | – | -8,500,000 | – | -1.79% | – |
Q2 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GGB | New | GERDAU SAspon adr rep pfd | $93,848,036 | – | 17,978,551 | – | 25.31% | – |
| PBR | New | PETROLEO BRASILEIRO SA PETROsponsored adr | $64,456,001 | – | 4,660,593 | – | 17.38% | – |
| ARCH | New | ARCH RESOURCES INCcl a | $46,623,667 | – | 413,477 | – | 12.58% | – |
| TX | New | TERNIUM SAsponsored ads | $40,694,857 | – | 1,026,352 | – | 10.98% | – |
| New | ALGOMA STL GROUP INC | $37,367,960 | – | 5,263,093 | – | 10.08% | – | |
| VALE | New | VALE S Asponsored ads | $22,176,402 | – | 1,652,489 | – | 5.98% | – |
| New | BRIDGEBIO PHARMA INCnote 2.500% 3/1 | $6,653,102 | – | 8,500,000 | – | 1.79% | – | |
| CNTY | New | CENTURY CASINOS INC | $6,312,922 | – | 889,144 | – | 1.70% | – |
| VAL | New | VALARIS LIMITEDcl a | $6,293,000 | – | 100,000 | – | 1.70% | – |
| CCO | New | CLEAR CHANNEL OUTDOOR HLDGS | $5,074,025 | – | 3,703,668 | – | 1.37% | – |
| New | BROOKDALE SR LIVING INCnote 2.000%10/1 | $4,840,050 | – | 6,150,000 | – | 1.30% | – | |
| New | NOBLE CORP PLC | $4,131,000 | – | 100,000 | – | 1.11% | – | |
| DAL | New | DELTA AIR LINES INC DEL | $3,389,507 | – | 71,298 | – | 0.91% | – |
| FYBR | New | FRONTIER COMMUNICATIONS PARE | $3,375,145 | – | 181,070 | – | 0.91% | – |
| ADV | New | ADVANTAGE SOLUTIONS INC | $2,925,328 | – | 1,250,140 | – | 0.79% | – |
| EEX | New | EMERALD HOLDING INC | $2,539,282 | – | 619,337 | – | 0.68% | – |
| New | ARDAGH METAL PACKAGING S A | $2,340,224 | – | 622,400 | – | 0.63% | – | |
| IHRT | New | IHEARTMEDIA INC | $2,283,976 | – | 627,466 | – | 0.62% | – |
| M | New | MACYS INC | $2,137,764 | – | 133,194 | – | 0.58% | – |
| BV | New | BRIGHTVIEW HLDGS INC | $2,063,381 | – | 287,379 | – | 0.56% | – |
| SFE | New | SAFEGUARD SCIENTIFICS INC | $1,978,687 | – | 1,199,204 | – | 0.53% | – |
| New | WARNER BROS DISCOVERY INC | $1,818,300 | – | 145,000 | – | 0.49% | – | |
| SKIL | New | SKILLSOFT CORPcl a | $1,376,400 | – | 1,110,000 | – | 0.37% | – |
| PBI | New | PITNEY BOWES INC | $835,440 | – | 236,000 | – | 0.22% | – |
| DXC | New | DXC TECHNOLOGY CO | $828,320 | – | 31,000 | – | 0.22% | – |
| NCR | New | NCR CORP NEW | $781,200 | – | 31,000 | – | 0.21% | – |
| New | R1 RCM INC | $756,450 | – | 41,000 | – | 0.20% | – | |
| ALTG | New | ALTA EQUIPMENT GROUP INC | $693,200 | – | 40,000 | – | 0.19% | – |
| New | SYLVAMO CORP | $647,200 | – | 16,000 | – | 0.18% | – | |
| SEAS | New | SEAWORLD ENTMT INC | $616,110 | – | 11,000 | – | 0.17% | – |
| AGS | New | PLAYAGS INC | $355,950 | – | 63,000 | – | 0.10% | – |
| ACI | New | ALBERTSONS COS INC | $349,120 | – | 16,000 | – | 0.09% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $206,517 | – | 16,695 | – | 0.06% | – |
Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| AGS | Exit | PLAYAGS INC | $0 | – | -54,000 | – | -0.07% | – |
| AMCX | Exit | AMC NETWORKS INCcl a | $0 | – | -15,352 | – | -0.07% | – |
| SKIL | Exit | SKILLSOFT CORPcl a | $0 | – | -190,000 | – | -0.08% | – |
| NCR | Exit | NCR CORP NEW | $0 | – | -19,000 | – | -0.08% | – |
| ATVI | Exit | ACTIVISION BLIZZARD INC | $0 | – | -5,300 | – | -0.09% | – |
| ADV | Exit | ADVANTAGE SOLUTIONS INC | $0 | – | -205,500 | – | -0.10% | – |
| PBI | Exit | PITNEY BOWES INC | $0 | – | -194,000 | – | -0.10% | – |
| SSP | Exit | SCRIPPS E W CO OHIOcl a new | $0 | – | -40,484 | – | -0.10% | – |
| BV | Exit | BRIGHTVIEW HLDGS INC | $0 | – | -59,000 | – | -0.11% | – |
| CANO | Exit | CANO HEALTH INC | $0 | – | -59,400 | – | -0.12% | – |
| SCPL | Exit | SCIPLAY CORPORATIONcl a | $0 | – | -44,140 | – | -0.12% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $0 | – | -49,098 | – | -0.12% | – |
| DXC | Exit | DXC TECHNOLOGY CO | $0 | – | -25,000 | – | -0.14% | – |
| ALTG | Exit | ALTA EQUIPMENT GROUP INC | $0 | – | -56,000 | – | -0.14% | – |
| SEAS | Exit | SEAWORLD ENTMT INC | $0 | – | -14,000 | – | -0.15% | – |
| VVNT | Exit | VIVINT SMART HOME INC | $0 | – | -110,131 | – | -0.17% | – |
| EEX | Exit | EMERALD HOLDING INC | $0 | – | -217,000 | – | -0.17% | – |
| CHK | Exit | CHESAPEAKE ENERGY CORP | $0 | – | -20,333 | – | -0.44% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -71,298 | – | -0.46% | – |
| M | Exit | MACYS INC | $0 | – | -148,194 | – | -0.53% | – |
| JWN | Exit | NORDSTROM INC | $0 | – | -154,097 | – | -0.59% | – |
| VNOM | Exit | VIPER ENERGY PARTNERS LP | $0 | – | -115,650 | – | -0.76% | – |
| FYBR | Exit | FRONTIER COMMUNICATIONS PARE | $0 | – | -142,458 | – | -0.76% | – |
| Exit | NOBLE CORP NEW | $0 | – | -114,987 | – | -0.78% | – | |
| SFE | Exit | SAFEGUARD SCIENTIFICS INC | $0 | – | -1,199,204 | – | -1.02% | – |
| Exit | BRIDGEBIO PHARMA INCnote 2.500% 3/1 | $0 | – | -8,500,000 | – | -1.15% | – | |
| CNTY | Exit | CENTURY CASINOS INC | $0 | – | -887,769 | – | -1.34% | – |
| CCO | Exit | CLEAR CHANNEL OUTDOOR HLDGS | $0 | – | -4,536,824 | – | -1.42% | – |
| VAL | Exit | VALARIS LIMITEDcl a | $0 | – | -137,862 | – | -1.55% | – |
| IHRT | Exit | IHEARTMEDIA INC | $0 | – | -1,204,149 | – | -2.02% | – |
| TX | Exit | TERNIUM SAsponsored ads | $0 | – | -902,415 | – | -5.66% | – |
| Exit | ALGOMA STL GROUP INC | $0 | – | -7,501,359 | – | -11.07% | – | |
| ARCH | Exit | ARCH RESOURCES INCcl a | $0 | – | -446,194 | – | -12.13% | – |
| VALE | Exit | VALE S Asponsored ads | $0 | – | -5,804,159 | – | -17.72% | – |
| PBR | Exit | PETROLEO BRASILEIRO SA PETROsponsored adr | $0 | – | -6,532,021 | – | -18.47% | – |
| GGB | Exit | GERDAU SAspon adr rep pfd | $0 | – | -19,502,443 | – | -20.20% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GGB | Sell | GERDAU SAspon adr rep pfd | $88,151,000 | -6.2% | 19,502,443 | -11.0% | 20.20% | +17.1% |
| PBR | Sell | PETROLEO BRASILEIRO SA PETROsponsored adr | $80,605,000 | -5.4% | 6,532,021 | -10.4% | 18.47% | +18.1% |
| VALE | Sell | VALE S Asponsored ads | $77,311,000 | -30.2% | 5,804,159 | -23.3% | 17.72% | -12.9% |
| ARCH | Sell | ARCH RESOURCES INCcl a | $52,919,000 | -28.1% | 446,194 | -13.3% | 12.13% | -10.3% |
| Sell | ALGOMA STL GROUP INC | $48,309,000 | -34.9% | 7,501,359 | -9.2% | 11.07% | -18.7% | |
| TX | Sell | TERNIUM SAsponsored ads | $24,717,000 | -26.7% | 902,415 | -3.4% | 5.66% | -8.5% |
| IHRT | Sell | IHEARTMEDIA INC | $8,826,000 | -12.7% | 1,204,149 | -6.1% | 2.02% | +8.9% |
| VAL | Sell | VALARIS LIMITEDcl a | $6,747,000 | -23.2% | 137,862 | -33.7% | 1.55% | -4.2% |
| CCO | Buy | CLEAR CHANNEL OUTDOOR HLDGS | $6,215,000 | +28.5% | 4,536,824 | +0.4% | 1.42% | +60.4% |
| New | NOBLE CORP NEW | $3,401,000 | – | 114,987 | – | 0.78% | – | |
| FYBR | Buy | FRONTIER COMMUNICATIONS PARE | $3,338,000 | +2.5% | 142,458 | +3.0% | 0.76% | +27.9% |
| JWN | Buy | NORDSTROM INC | $2,578,000 | -1.0% | 154,097 | +25.1% | 0.59% | +23.6% |
| CHK | Sell | CHESAPEAKE ENERGY CORP | $1,916,000 | -39.9% | 20,333 | -48.3% | 0.44% | -25.1% |
| EEX | Buy | EMERALD HOLDING INC | $733,000 | +28.6% | 217,000 | +55.0% | 0.17% | +60.0% |
| VVNT | New | VIVINT SMART HOME INC | $725,000 | – | 110,131 | – | 0.17% | – |
| SEAS | Buy | SEAWORLD ENTMT INC | $637,000 | +51.7% | 14,000 | +47.4% | 0.15% | +89.6% |
| ALTG | New | ALTA EQUIPMENT GROUP INC | $617,000 | – | 56,000 | – | 0.14% | – |
| DXC | Buy | DXC TECHNOLOGY CO | $612,000 | +12.1% | 25,000 | +38.9% | 0.14% | +40.0% |
| SCPL | Buy | SCIPLAY CORPORATIONcl a | $519,000 | -13.6% | 44,140 | +2.5% | 0.12% | +8.2% |
| CANO | New | CANO HEALTH INC | $515,000 | – | 59,400 | – | 0.12% | – |
| BV | Buy | BRIGHTVIEW HLDGS INC | $468,000 | -22.5% | 59,000 | +17.2% | 0.11% | -3.6% |
| PBI | Buy | PITNEY BOWES INC | $452,000 | -32.5% | 194,000 | +4.9% | 0.10% | -15.4% |
| SSP | Buy | SCRIPPS E W CO OHIOcl a new | $456,000 | -9.7% | 40,484 | +0.0% | 0.10% | +11.8% |
| ADV | Buy | ADVANTAGE SOLUTIONS INC | $438,000 | +15.3% | 205,500 | +105.5% | 0.10% | +42.9% |
| ATVI | Sell | ACTIVISION BLIZZARD INC | $394,000 | -39.0% | 5,300 | -36.1% | 0.09% | -24.4% |
| NCR | Sell | NCR CORP NEW | $361,000 | -53.6% | 19,000 | -24.0% | 0.08% | -42.0% |
| SKIL | New | SKILLSOFT CORPcl a | $348,000 | – | 190,000 | – | 0.08% | – |
| AMCX | Sell | AMC NETWORKS INCcl a | $312,000 | -37.2% | 15,352 | -10.0% | 0.07% | -22.0% |
| AGS | New | PLAYAGS INC | $286,000 | – | 54,000 | – | 0.07% | – |
| WDC | Exit | WESTERN DIGITAL CORP. | $0 | – | -6,000 | – | -0.05% | – |
| IAA | Exit | IAA INC | $0 | – | -14,727 | – | -0.09% | – |
| HEAR | Exit | TURTLE BEACH CORP | $0 | – | -44,905 | – | -0.10% | – |
| TGNA | Exit | TEGNA INC | $0 | – | -36,400 | – | -0.14% | – |
| WEN | Exit | WENDYS CO | $0 | – | -43,709 | – | -0.15% | – |
| CCL | Exit | CARNIVAL CORP | $0 | – | -150,000 | – | -0.24% | – |
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -113,525 | – | -0.44% | – |
| NE | Exit | NOBLE CORP NEW | $0 | – | -148,962 | – | -0.69% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VALE | New | VALE S Asponsored ads | $110,777,000 | – | 7,571,924 | – | 20.34% | – |
| GGB | New | GERDAU SAspon adr rep pfd | $93,986,000 | – | 21,908,271 | – | 17.25% | – |
| PBR | New | PETROLEO BRASILEIRO SA PETROsponsored adr | $85,172,000 | – | 7,292,101 | – | 15.64% | – |
| New | ALGOMA STL GROUP INC | $74,187,000 | – | 8,261,359 | – | 13.62% | – | |
| ARCH | New | ARCH RESOURCES INCcl a | $73,624,000 | – | 514,532 | – | 13.52% | – |
| TX | New | TERNIUM SAsponsored ads | $33,729,000 | – | 934,581 | – | 6.19% | – |
| IHRT | New | IHEARTMEDIA INC | $10,115,000 | – | 1,281,963 | – | 1.86% | – |
| VAL | New | VALARIS LIMITEDcl a | $8,786,000 | – | 207,993 | – | 1.61% | – |
| CNTY | New | CENTURY CASINOS INC | $6,392,000 | – | 887,769 | – | 1.17% | – |
| CCO | New | CLEAR CHANNEL OUTDOOR HLDGS | $4,835,000 | – | 4,518,350 | – | 0.89% | – |
| New | BRIDGEBIO PHARMA INCnote 2.500% 3/1 | $4,622,000 | – | 8,500,000 | – | 0.85% | – | |
| SFE | New | SAFEGUARD SCIENTIFICS INC | $4,473,000 | – | 1,199,204 | – | 0.82% | – |
| NE | New | NOBLE CORP NEW | $3,776,000 | – | 148,962 | – | 0.69% | – |
| FYBR | New | FRONTIER COMMUNICATIONS PARE | $3,257,000 | – | 138,373 | – | 0.60% | – |
| CHK | New | CHESAPEAKE ENERGY CORP | $3,190,000 | – | 39,333 | – | 0.59% | – |
| VNOM | New | VIPER ENERGY PARTNERS LP | $3,086,000 | – | 115,650 | – | 0.57% | – |
| M | New | MACYS INC | $2,715,000 | – | 148,194 | – | 0.50% | – |
| JWN | New | NORDSTROM INC | $2,604,000 | – | 123,220 | – | 0.48% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $2,407,000 | – | 113,525 | – | 0.44% | – |
| DAL | New | DELTA AIR LINES INC DEL | $2,066,000 | – | 71,298 | – | 0.38% | – |
| CCL | New | CARNIVAL CORP | $1,298,000 | – | 150,000 | – | 0.24% | – |
| WEN | New | WENDYS CO | $825,000 | – | 43,709 | – | 0.15% | – |
| NCR | New | NCR CORP NEW | $778,000 | – | 25,000 | – | 0.14% | – |
| TGNA | New | TEGNA INC | $763,000 | – | 36,400 | – | 0.14% | – |
| PBI | New | PITNEY BOWES INC | $670,000 | – | 185,000 | – | 0.12% | – |
| ATVI | New | ACTIVISION BLIZZARD INC | $646,000 | – | 8,300 | – | 0.12% | – |
| BV | New | BRIGHTVIEW HLDGS INC | $604,000 | – | 50,327 | – | 0.11% | – |
| SCPL | New | SCIPLAY CORPORATIONcl a | $601,000 | – | 43,045 | – | 0.11% | – |
| EEX | New | EMERALD HOLDING INC | $570,000 | – | 140,000 | – | 0.10% | – |
| HEAR | New | TURTLE BEACH CORP | $549,000 | – | 44,905 | – | 0.10% | – |
| DXC | New | DXC TECHNOLOGY CO | $546,000 | – | 18,000 | – | 0.10% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $522,000 | – | 49,098 | – | 0.10% | – |
| SSP | New | SCRIPPS E W CO OHIOcl a new | $505,000 | – | 40,479 | – | 0.09% | – |
| AMCX | New | AMC NETWORKS INCcl a | $497,000 | – | 17,058 | – | 0.09% | – |
| IAA | New | IAA INC | $483,000 | – | 14,727 | – | 0.09% | – |
| SEAS | New | SEAWORLD ENTMT INC | $420,000 | – | 9,500 | – | 0.08% | – |
| ADV | New | ADVANTAGE SOLUTIONS INC | $380,000 | – | 100,000 | – | 0.07% | – |
| WDC | New | WESTERN DIGITAL CORP. | $269,000 | – | 6,000 | – | 0.05% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $0 | – | -50,000 | – | -0.09% | – |
| CHK | Exit | CHESAPEAKE ENERGY CORP | $0 | – | -28,033 | – | -0.31% | – |
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -113,525 | – | -0.37% | – |
| CCL | Exit | CARNIVAL CORPunit 99/99/9999 | $0 | – | -100,000 | – | -0.45% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -61,741 | – | -0.47% | – |
| M | Exit | MACYS INC | $0 | – | -223,194 | – | -0.90% | – |
| NE | Exit | NOBLE CORP NEW | $0 | – | -205,000 | – | -0.99% | – |
| GOL | Exit | GOL LINHAS AEREAS INTELIGENTspon adr pfd new | $0 | – | -792,109 | – | -1.08% | – |
| SFE | Exit | SAFEGUARD SCIENTIFICS INC | $0 | – | -700,898 | – | -1.11% | – |
| CNTY | Exit | CENTURY CASINOS INC | $0 | – | -593,466 | – | -1.43% | – |
| CCO | Exit | CLEAR CHANNEL OUTDOOR HLDGS | $0 | – | -4,687,175 | – | -2.27% | – |
| VEDL | Exit | VEDANTA LIMITEDsponsored adr | $0 | – | -910,225 | – | -2.49% | – |
| CPLG | Exit | COREPOINT LODGING INC | $0 | – | -1,058,896 | – | -2.94% | – |
| VAL | Exit | VALARIS LIMITEDcl a | $0 | – | -655,151 | – | -4.09% | – |
| IHRT | Exit | IHEARTMEDIA INC | $0 | – | -1,281,963 | – | -5.74% | – |
| TX | Exit | TERNIUM SAsponsored ads | $0 | – | -949,758 | – | -7.19% | – |
| ARCH | Exit | ARCH RESOURCES INCcl a | $0 | – | -714,094 | – | -11.85% | – |
| PBR | Exit | PETROLEO BRASILEIRO SA PETROsponsored adr | $0 | – | -7,869,465 | – | -14.56% | – |
| GGB | Exit | GERDAU SAspon adr rep pfd | $0 | – | -23,106,487 | – | -20.34% | – |
| VALE | Exit | VALE S Asponsored ads | $0 | – | -8,552,708 | – | -21.34% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VALE | Sell | VALE S Asponsored ads | $119,310,000 | -40.0% | 8,552,708 | -1.9% | 21.34% | -27.5% |
| GGB | Buy | GERDAU SAspon adr rep pfd | $113,684,000 | -6.7% | 23,106,487 | +11.9% | 20.34% | +12.8% |
| PBR | Buy | PETROLEO BRASILEIRO SA PETROsponsored adr | $81,370,000 | -11.5% | 7,869,465 | +4.6% | 14.56% | +7.0% |
| ARCH | Buy | ARCH RESOURCES INCcl a | $66,232,000 | +121.3% | 714,094 | +36.0% | 11.85% | +167.5% |
| TX | Sell | TERNIUM SAsponsored ads | $40,175,000 | -0.6% | 949,758 | -9.6% | 7.19% | +20.1% |
| IHRT | Sell | IHEARTMEDIA INC | $32,075,000 | -10.6% | 1,281,963 | -3.8% | 5.74% | +8.1% |
| VAL | Sell | VALARIS LIMITEDcl a | $22,852,000 | -12.5% | 655,151 | -27.6% | 4.09% | +5.7% |
| CPLG | Buy | COREPOINT LODGING INC | $16,413,000 | +124.5% | 1,058,896 | +55.0% | 2.94% | +171.3% |
| VEDL | Sell | VEDANTA LIMITEDsponsored adr | $13,908,000 | -68.0% | 910,225 | -70.2% | 2.49% | -61.3% |
| CNTY | Buy | CENTURY CASINOS INC | $7,994,000 | +53.7% | 593,466 | +53.2% | 1.43% | +85.7% |
| SFE | Buy | SAFEGUARD SCIENTIFICS INC | $6,224,000 | +2548.5% | 700,898 | +2210.4% | 1.11% | +3080.0% |
| GOL | Buy | GOL LINHAS AEREAS INTELIGENTspon adr pfd new | $6,044,000 | +67.2% | 792,109 | +102.0% | 1.08% | +102.1% |
| DAL | New | DELTA AIR LINES INC DEL | $2,631,000 | – | 61,741 | – | 0.47% | – |
| CCL | Sell | CARNIVAL CORPunit 99/99/9999 | $2,501,000 | -52.6% | 100,000 | -50.0% | 0.45% | -42.7% |
| INSW | Buy | INTERNATIONAL SEAWAYS INC | $2,068,000 | +23.2% | 113,525 | +29.7% | 0.37% | +49.2% |
| CHK | New | CHESAPEAKE ENERGY CORP | $1,727,000 | – | 28,033 | – | 0.31% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $500,000 | – | 50,000 | – | 0.09% | – |
| DSSI | Exit | DIAMOND S SHIPPING INC | $0 | – | -46,928 | – | -0.07% | – |
| HOME | Exit | AT HOME GROUP INC | $0 | – | -199,271 | – | -1.09% | – |
| VLRS | Exit | CONTROLADORA VUELA COMP DE Aspon adr rp 10 | $0 | – | -750,000 | – | -2.13% | – |
| Exit | INTERCEPT PHARMACEUTICALS INnote 2.000% 5/1 | $0 | – | -30,300,000 | – | -2.97% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VALE | New | VALE S Asponsored ads | $198,900,000 | – | 8,719,852 | – | 29.43% | – |
| GGB | New | GERDAU SAspon adr rep pfd | $121,822,000 | – | 20,647,876 | – | 18.03% | – |
| PBR | New | PETROLEO BRASILEIRO SA PETROsponsored adr | $91,971,000 | – | 7,520,076 | – | 13.61% | – |
| VEDL | New | VEDANTA LIMITEDsponsored adr | $43,408,000 | – | 3,056,874 | – | 6.42% | – |
| TX | New | TERNIUM SAsponsored ads | $40,424,000 | – | 1,051,071 | – | 5.98% | – |
| IHRT | New | IHEARTMEDIA INC | $35,870,000 | – | 1,331,963 | – | 5.31% | – |
| ARCH | New | ARCH RESOURCES INCcl a | $29,927,000 | – | 525,221 | – | 4.43% | – |
| VAL | New | VALARIS LIMITEDcl a | $26,127,000 | – | 904,674 | – | 3.87% | – |
| New | INTERCEPT PHARMACEUTICALS INnote 2.000% 5/1 | $20,093,000 | – | 30,300,000 | – | 2.97% | – | |
| VLRS | New | CONTROLADORA VUELA COMP DE Aspon adr rp 10 | $14,408,000 | – | 750,000 | – | 2.13% | – |
| CCO | New | CLEAR CHANNEL OUTDOOR HLDGS | $12,374,000 | – | 4,687,175 | – | 1.83% | – |
| HOME | New | AT HOME GROUP INC | $7,341,000 | – | 199,271 | – | 1.09% | – |
| CPLG | New | COREPOINT LODGING INC | $7,310,000 | – | 683,131 | – | 1.08% | – |
| CCL | New | CARNIVAL CORPunit 99/99/9999 | $5,272,000 | – | 200,000 | – | 0.78% | – |
| CNTY | New | CENTURY CASINOS INC | $5,202,000 | – | 387,314 | – | 0.77% | – |
| NE | New | NOBLE CORP NEW | $5,070,000 | – | 205,000 | – | 0.75% | – |
| M | New | MACYS INC | $4,232,000 | – | 223,194 | – | 0.63% | – |
| GOL | New | GOL LINHAS AEREAS INTELIGENTspon adr pfd new | $3,615,000 | – | 392,109 | – | 0.54% | – |
| INSW | New | INTERNATIONAL SEAWAYS INC | $1,679,000 | – | 87,539 | – | 0.25% | – |
| DSSI | New | DIAMOND S SHIPPING INC | $467,000 | – | 46,928 | – | 0.07% | – |
| SFE | New | SAFEGUARD SCIENTIFICS INC | $235,000 | – | 30,337 | – | 0.04% | – |
Q4 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $0 | – | -50,676 | – | -0.15% | – |
| HOME | Exit | AT HOME GROUP INC | $0 | – | -116,213 | – | -0.74% | – |
| CCO | Exit | CLEAR CHANNEL OUTDOOR HLDGS | $0 | – | -5,137,175 | – | -2.19% | – |
| GOL | Exit | GOL LINHAS AEREAS INTELIGENTspon adr pfd new | $0 | – | -949,274 | – | -2.47% | – |
| IHRT | Exit | IHEARTMEDIA INC | $0 | – | -1,620,526 | – | -5.61% | – |
| TX | Exit | TERNIUM SAsponsored ads | $0 | – | -997,928 | – | -8.01% | – |
| BAK | Exit | BRASKEM S Asp adr pfd a | $0 | – | -3,091,118 | – | -9.84% | – |
| GGB | Exit | GERDAU SAspon adr rep pfd | $0 | – | -20,664,747 | – | -32.59% | – |
| VALE | Exit | VALE S Asponsored ads | $0 | – | -8,517,422 | – | -38.41% | – |
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VALE | Buy | VALE S Asponsored ads | $90,114,000 | +9.8% | 8,517,422 | +7.0% | 38.41% | +33.1% |
| GGB | Sell | GERDAU SAspon adr rep pfd | $76,460,000 | +22.2% | 20,664,747 | -2.3% | 32.59% | +48.1% |
| BAK | Sell | BRASKEM S Asp adr pfd a | $23,091,000 | -14.8% | 3,091,118 | -1.4% | 9.84% | +3.2% |
| TX | Sell | TERNIUM SAsponsored ads | $18,791,000 | +21.0% | 997,928 | -2.5% | 8.01% | +46.7% |
| IHRT | Sell | IHEARTMEDIA INC | $13,159,000 | -14.0% | 1,620,526 | -11.6% | 5.61% | +4.2% |
| GOL | Sell | GOL LINHAS AEREAS INTELIGENTspon adr pfd new | $5,791,000 | -78.8% | 949,274 | -76.4% | 2.47% | -74.3% |
| CCO | Sell | CLEAR CHANNEL OUTDOOR HLDGS | $5,137,000 | -14.1% | 5,137,175 | -10.6% | 2.19% | +4.1% |
| HOME | New | AT HOME GROUP INC | $1,727,000 | – | 116,213 | – | 0.74% | – |
| PBRA | Sell | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $357,000 | -99.3% | 50,676 | -99.2% | 0.15% | -99.1% |
Q2 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VALE | New | VALE S Asponsored ads | $82,034,000 | – | 7,956,770 | – | 28.85% | – |
| GGB | New | GERDAU SAspon adr rep pfd | $62,590,000 | – | 21,145,425 | – | 22.01% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $48,479,000 | – | 6,082,696 | – | 17.05% | – |
| GOL | New | GOL LINHAS AEREAS INTELIGENTspon adr pfd new | $27,327,000 | – | 4,030,508 | – | 9.61% | – |
| BAK | New | BRASKEM S Asp adr pfd a | $27,117,000 | – | 3,134,871 | – | 9.54% | – |
| TX | New | TERNIUM SAsponsored ads | $15,528,000 | – | 1,023,608 | – | 5.46% | – |
| IHRT | New | IHEARTMEDIA INC | $15,306,000 | – | 1,833,045 | – | 5.38% | – |
| CCO | New | CLEAR CHANNEL OUTDOOR HLDGS | $5,977,000 | – | 5,747,208 | – | 2.10% | – |
Q4 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KRA | Exit | KRATON CORPORATION | $0 | – | -6,551 | – | -0.02% | – |
| WSC | Exit | WILLSCOT CORP | $0 | – | -13,305 | – | -0.02% | – |
| TNK | Exit | TEEKAY TANKERS LTDcl a | $0 | – | -166,875 | – | -0.02% | – |
| TRUE | Exit | TRUECAR INCput | $0 | – | -1,000 | – | -0.03% | – |
| ASC | Exit | ARDMORE SHIPPING CORP | $0 | – | -57,209 | – | -0.04% | – |
| OLN | Exit | OLIN CORP | $0 | – | -27,369 | – | -0.05% | – |
| BECN | Exit | BEACON ROOFING SUPPLY INC | $0 | – | -15,211 | – | -0.05% | – |
| CCK | Exit | CROWN HOLDINGS INC | $0 | – | -8,072 | – | -0.05% | – |
| CSTM | Exit | CONSTELLIUM SEcl a | $0 | – | -45,229 | – | -0.05% | – |
| ANF | Exit | ABERCROMBIE & FITCH COcl a | $0 | – | -37,058 | – | -0.05% | – |
| SEB | Exit | SEABOARD CORP | $0 | – | -135 | – | -0.05% | – |
| GIL | Exit | GILDAN ACTIVEWEAR INC | $0 | – | -16,782 | – | -0.05% | – |
| AMC | Exit | AMC ENTMT HLDGS INC | $0 | – | -58,685 | – | -0.06% | – |
| KRA | Exit | KRATON CORPORATIONcall | $0 | – | -200 | – | -0.06% | – |
| PFF | Exit | ISHARES TRpfd and incm sec | $0 | – | -21,777 | – | -0.08% | – |
| BASX | Exit | BASIC ENERGY SVCS INC NEW | $0 | – | -792,176 | – | -0.10% | – |
| QHCCQ | Exit | QUORUM HEALTH CORP | $0 | – | -1,000,000 | – | -0.11% | – |
| KEGX | Exit | KEY ENERGY SVCS INC DEL | $0 | – | -1,903,736 | – | -0.26% | – |
| CHAPQ | Exit | CHAPARRAL ENERGY INC | $0 | – | -3,991,012 | – | -0.49% | – |
| PVAC | Exit | PENN VA CORP NEW | $0 | – | -333,010 | – | -0.88% | – |
| CCO | Exit | CLEAR CHANNEL OUTDOOR HLDGS | $0 | – | -5,353,529 | – | -1.23% | – |
| VST | Exit | VISTRA ENERGY CORP | $0 | – | -551,621 | – | -1.34% | – |
| CZR | Exit | CAESARS ENTMT CORP | $0 | – | -1,719,676 | – | -1.83% | – |
| AZUL | Exit | AZUL S Asponsr adr pfd | $0 | – | -562,272 | – | -1.84% | – |
| IHRT | Exit | IHEARTMEDIA INC | $0 | – | -2,273,655 | – | -3.11% | – |
| TX | Exit | TERNIUM SAsponsored ads | $0 | – | -1,799,716 | – | -3.15% | – |
| PBR | Exit | PETROLEO BRASILEIRO SA PETROsponsored adr | $0 | – | -2,914,875 | – | -3.85% | – |
| GGB | Exit | GERDAU S Aspon adr rep pfd | $0 | – | -21,277,018 | – | -6.11% | – |
| CLF | Exit | CLEVELAND CLIFFS INC | $0 | – | -10,555,025 | – | -6.95% | – |
| GOL | Exit | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $0 | – | -6,378,690 | – | -9.00% | – |
| PBRA | Exit | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $0 | – | -8,056,675 | – | -9.65% | – |
| VALE | Exit | VALE S Asponsored ads | $0 | – | -10,174,549 | – | -10.67% | – |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -8,180,191 | – | -10.98% | – |
| IWM | Exit | ISHARES TRput | $0 | – | -20,126 | – | -27.78% | – |
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IWM | Buy | ISHARES TRput | $304,587,000 | +2511.6% | 20,126 | +2583.5% | 27.78% | +2404.6% |
| BTU | Sell | PEABODY ENERGY CORP NEW | $120,412,000 | -42.1% | 8,180,191 | -5.1% | 10.98% | -44.4% |
| VALE | Buy | VALE S Asponsored ads | $117,007,000 | -0.4% | 10,174,549 | +16.4% | 10.67% | -4.5% |
| PBRA | Buy | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $105,865,000 | +2.6% | 8,056,675 | +10.9% | 9.65% | -1.6% |
| GOL | Sell | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $98,678,000 | -14.8% | 6,378,690 | -7.0% | 9.00% | -18.3% |
| CLF | Sell | CLEVELAND CLIFFS INC | $76,207,000 | -45.9% | 10,555,025 | -20.0% | 6.95% | -48.1% |
| GGB | Sell | GERDAU S Aspon adr rep pfd | $67,023,000 | -19.3% | 21,277,018 | -0.3% | 6.11% | -22.6% |
| PBR | Sell | PETROLEO BRASILEIRO SA PETROsponsored adr | $42,178,000 | -9.5% | 2,914,875 | -2.7% | 3.85% | -13.3% |
| TX | Sell | TERNIUM SAsponsored ads | $34,537,000 | -17.6% | 1,799,716 | -3.7% | 3.15% | -21.0% |
| IHRT | New | IHEARTMEDIA INC | $34,105,000 | – | 2,273,655 | – | 3.11% | – |
| AZUL | Buy | AZUL S Asponsr adr pfd | $20,141,000 | +10.2% | 562,272 | +2.9% | 1.84% | +5.7% |
| CZR | Sell | CAESARS ENTMT CORP | $20,051,000 | -54.8% | 1,719,676 | -54.2% | 1.83% | -56.7% |
| VST | Sell | VISTRA ENERGY CORP | $14,745,000 | -13.4% | 551,621 | -26.6% | 1.34% | -16.9% |
| CCO | Buy | CLEAR CHANNEL OUTDOOR HLDGS | $13,491,000 | -27.1% | 5,353,529 | +36.6% | 1.23% | -30.1% |
| PVAC | Sell | PENN VA CORP NEW | $9,681,000 | -60.0% | 333,010 | -57.8% | 0.88% | -61.7% |
| CHAPQ | Buy | CHAPARRAL ENERGY INC | $5,348,000 | -70.0% | 3,991,012 | +5.3% | 0.49% | -71.3% |
| PFF | Buy | ISHARES TRpfd and incm sec | $817,000 | +58.9% | 21,777 | +56.3% | 0.08% | +53.1% |
| KRA | New | KRATON CORPORATIONcall | $646,000 | – | 200 | – | 0.06% | – |
| AMC | New | AMC ENTMT HLDGS INC | $628,000 | – | 58,685 | – | 0.06% | – |
| GIL | Buy | GILDAN ACTIVEWEAR INC | $596,000 | +58.1% | 16,782 | +72.1% | 0.05% | +50.0% |
| SEB | Buy | SEABOARD CORP | $591,000 | +76.4% | 135 | +66.7% | 0.05% | +68.8% |
| ANF | Buy | ABERCROMBIE & FITCH COcl a | $578,000 | +91.4% | 37,058 | +96.7% | 0.05% | +82.8% |
| CSTM | Sell | CONSTELLIUM SEcl a | $575,000 | -31.9% | 45,229 | -46.2% | 0.05% | -35.0% |
| CCK | Sell | CROWN HOLDINGS INC | $533,000 | -35.6% | 8,072 | -40.4% | 0.05% | -38.0% |
| OLN | New | OLIN CORP | $512,000 | – | 27,369 | – | 0.05% | – |
| BECN | New | BEACON ROOFING SUPPLY INC | $510,000 | – | 15,211 | – | 0.05% | – |
| ASC | New | ARDMORE SHIPPING CORP | $383,000 | – | 57,209 | – | 0.04% | – |
| TRUE | New | TRUECAR INCput | $340,000 | – | 1,000 | – | 0.03% | – |
| TNK | New | TEEKAY TANKERS LTDcl a | $217,000 | – | 166,875 | – | 0.02% | – |
| WSC | Sell | WILLSCOT CORP | $207,000 | -55.0% | 13,305 | -56.5% | 0.02% | -56.8% |
| KRA | Sell | KRATON CORPORATION | $212,000 | -40.4% | 6,551 | -42.9% | 0.02% | -44.1% |
| Exit | FALCON MINERALS CORP*w exp 07/21/202 | $0 | – | -70,765 | – | -0.01% | – | |
| REGI | Exit | RENEWABLE ENERGY GROUP INC | $0 | – | -20,372 | – | -0.03% | – |
| IAA | Exit | IAA INC | $0 | – | -9,522 | – | -0.04% | – |
| MDRIQ | Exit | MCDERMOTT INTL INC | $0 | – | -45,386 | – | -0.04% | – |
| MDRIQ | Exit | MCDERMOTT INTL INCcall | $0 | – | -1,406 | – | -0.13% | – |
| GGB | Exit | GERDAU S Acall | $0 | – | -74,611 | – | -2.76% | – |
Q2 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BTU | New | PEABODY ENERGY CORP NEW | $207,797,000 | – | 8,622,299 | – | 19.77% | – |
| CLF | New | CLEVELAND CLIFFS INC | $140,770,000 | – | 13,193,075 | – | 13.39% | – |
| VALE | New | VALE S Asponsored ads | $117,509,000 | – | 8,743,245 | – | 11.18% | – |
| GOL | New | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $115,794,000 | – | 6,859,827 | – | 11.01% | – |
| PBRA | New | PETROLEO BRASILEIRO SA PETROsp adr non vtg | $103,172,000 | – | 7,265,647 | – | 9.81% | – |
| GGB | New | GERDAU S Aspon adr rep pfd | $83,042,000 | – | 21,347,587 | – | 7.90% | – |
| PBR | New | PETROLEO BRASILEIRO SA PETROsponsored adr | $46,629,000 | – | 2,994,807 | – | 4.44% | – |
| CZR | New | CAESARS ENTMT CORP | $44,363,000 | – | 3,753,241 | – | 4.22% | – |
| TX | New | TERNIUM SAsponsored ads | $41,926,000 | – | 1,869,208 | – | 3.99% | – |
| GGB | New | GERDAU S Acall | $29,024,000 | – | 74,611 | – | 2.76% | – |
| PVAC | New | PENN VA CORP NEW | $24,224,000 | – | 789,565 | – | 2.30% | – |
| CCO | New | CLEAR CHANNEL OUTDOOR HLDGS | $18,502,000 | – | 3,920,005 | – | 1.76% | – |
| AZUL | New | AZUL S Asponsr adr pfd | $18,269,000 | – | 546,330 | – | 1.74% | – |
| CHAPQ | New | CHAPARRAL ENERGY INC | $17,855,000 | – | 3,790,800 | – | 1.70% | – |
| VST | New | VISTRA ENERGY CORP | $17,017,000 | – | 751,621 | – | 1.62% | – |
| IWM | New | ISHARES TRput | $11,663,000 | – | 750 | – | 1.11% | – |
| KEGX | New | KEY ENERGY SVCS INC DEL | $4,283,000 | – | 1,903,736 | – | 0.41% | – |
| BASX | New | BASIC ENERGY SVCS INC NEW | $1,505,000 | – | 792,176 | – | 0.14% | – |
| QHCCQ | New | QUORUM HEALTH CORP | $1,390,000 | – | 1,000,000 | – | 0.13% | – |
| MDRIQ | New | MCDERMOTT INTL INCcall | $1,358,000 | – | 1,406 | – | 0.13% | – |
| CSTM | New | CONSTELLIUM NVcl a | $844,000 | – | 84,057 | – | 0.08% | – |
| CCK | New | CROWN HOLDINGS INC | $828,000 | – | 13,550 | – | 0.08% | – |
| PFF | New | ISHARES TRpfd and incm sec | $514,000 | – | 13,936 | – | 0.05% | – |
| WSC | New | WILLSCOT CORP | $460,000 | – | 30,581 | – | 0.04% | – |
| MDRIQ | New | MCDERMOTT INTL INC | $438,000 | – | 45,386 | – | 0.04% | – |
| GIL | New | GILDAN ACTIVEWEAR INC | $377,000 | – | 9,749 | – | 0.04% | – |
| IAA | New | IAA INC | $369,000 | – | 9,522 | – | 0.04% | – |
| KRA | New | KRATON CORPORATION | $356,000 | – | 11,468 | – | 0.03% | – |
| SEB | New | SEABOARD CORP | $335,000 | – | 81 | – | 0.03% | – |
| REGI | New | RENEWABLE ENERGY GROUP INC | $323,000 | – | 20,372 | – | 0.03% | – |
| ANF | New | ABERCROMBIE & FITCH COcl a | $302,000 | – | 18,842 | – | 0.03% | – |
| New | FALCON MINERALS CORP*w exp 07/21/202 | $67,000 | – | 70,765 | – | 0.01% | – |
Q4 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CGGYY | Exit | CGGspon adr new | $0 | – | -133,197 | – | -0.03% | – |
| MDXG | Exit | MIMEDX GROUP INC | $0 | – | -102,726 | – | -0.06% | – |
| AKRXQ | Exit | AKORN INCcall | $0 | – | -56,300 | – | -0.06% | – |
| WSCWW | Exit | WILLSCOT CORP*w exp 09/10/202 | $0 | – | -593,327 | – | -0.16% | – |
| WSC | Exit | WILLSCOT CORP | $0 | – | -134,881 | – | -0.20% | – |
| AA | Exit | ALCOA CORP | $0 | – | -69,046 | – | -0.25% | – |
| FDC | Exit | FIRST DATA CORP NEW | $0 | – | -119,100 | – | -0.26% | – |
| PDS | Exit | PRECISION DRILLING CORP | $0 | – | -842,110 | – | -0.26% | – |
| Exit | FALCON MINERALS CORP | $0 | – | -267,179 | – | -0.26% | – | |
| AMRQQ | Exit | ALTA MESA RES INCcl a | $0 | – | -1,028,010 | – | -0.38% | – |
| KRA | Exit | KRATON CORPORATION | $0 | – | -94,352 | – | -0.39% | – |
| CSTM | Exit | CONSTELLIUM NVcl a | $0 | – | -371,804 | – | -0.40% | – |
| BASX | Exit | BASIC ENERGY SVCS INC NEW | $0 | – | -642,176 | – | -0.56% | – |
| AZUL | Exit | AZUL S Asponsr adr pfd | $0 | – | -778,799 | – | -1.22% | – |
| Exit | CAESARS ENTMT CORPnote 5.000%10/0 | $0 | – | -15,038,531 | – | -2.16% | – | |
| KEGX | Exit | KEY ENERGY SVCS INC DEL | $0 | – | -2,219,957 | – | -2.24% | – |
| GGB | Exit | GERDAU S Acall | $0 | – | -8,000,000 | – | -2.96% | – |
| GOL | Exit | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $0 | – | -6,998,532 | – | -3.36% | – |
| VST | Exit | VISTRA ENERGY CORP | $0 | – | -1,570,970 | – | -3.44% | – |
| CZR | Exit | CAESARS ENTMT CORP | $0 | – | -4,128,022 | – | -3.72% | – |
| PBR | Exit | PETROLEO BRASILEIRO SA PETROsponsored adr | $0 | – | -3,755,323 | – | -3.99% | – |
| CHAPQ | Exit | CHAPARRAL ENERGY INC | $0 | – | -3,296,127 | – | -5.11% | – |
| PVAC | Exit | PENN VA CORP NEW | $0 | – | -789,767 | – | -5.60% | – |
| GGB | Exit | GERDAU S Aspon adr rep pfd | $0 | – | -15,387,774 | – | -5.70% | – |
| TX | Exit | TERNIUM SAspon adr | $0 | – | -2,222,646 | – | -5.93% | – |
| BAK | Exit | BRASKEM S Asp adr pfd a | $0 | – | -3,337,305 | – | -8.48% | – |
| CLF | Exit | CLEVELAND CLIFFS INC | $0 | – | -7,778,802 | – | -8.67% | – |
| VALE | Exit | VALE S Aadr | $0 | – | -7,485,742 | – | -9.78% | – |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -7,766,383 | – | -24.37% | – |
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BTU | Sell | PEABODY ENERGY CORP NEW | $276,794,000 | -23.8% | 7,766,383 | -2.8% | 24.37% | -25.3% |
| VALE | Buy | VALE S Aadr | $111,088,000 | +17.7% | 7,485,742 | +1.7% | 9.78% | +15.3% |
| CLF | Sell | CLEVELAND CLIFFS INC | $98,480,000 | +48.8% | 7,778,802 | -0.9% | 8.67% | +45.8% |
| BAK | Buy | BRASKEM S Asp adr pfd a | $96,348,000 | +14.9% | 3,337,305 | +3.5% | 8.48% | +12.6% |
| TX | Buy | TERNIUM SAspon adr | $67,324,000 | -10.4% | 2,222,646 | +3.0% | 5.93% | -12.2% |
| GGB | Buy | GERDAU S Aspon adr rep pfd | $64,783,000 | +59.0% | 15,387,774 | +33.7% | 5.70% | +55.8% |
| PVAC | Sell | PENN VA CORP NEW | $63,608,000 | -5.6% | 789,767 | -0.5% | 5.60% | -7.5% |
| CHAPQ | New | CHAPARRAL ENERGY INC | $58,078,000 | – | 3,296,127 | – | 5.11% | – |
| PBR | New | PETROLEO BRASILEIRO SA PETROsponsored adr | $45,327,000 | – | 3,755,323 | – | 3.99% | – |
| CZR | Buy | CAESARS ENTMT CORP | $42,312,000 | +10.8% | 4,128,022 | +15.7% | 3.72% | +8.6% |
| GOL | Buy | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $38,212,000 | +10.9% | 6,998,532 | +8.4% | 3.36% | +8.7% |
| GGB | Buy | GERDAU S Acall | $33,680,000 | +58.6% | 8,000,000 | +33.3% | 2.96% | +55.4% |
| KEGX | Sell | KEY ENERGY SVCS INC DEL | $25,396,000 | -30.7% | 2,219,957 | -1.7% | 2.24% | -32.1% |
| Sell | CAESARS ENTMT CORPnote 5.000%10/0 | $24,492,000 | -7.1% | 15,038,531 | -2.5% | 2.16% | -9.0% | |
| AZUL | New | AZUL S Asponsr adr pfd | $13,855,000 | – | 778,799 | – | 1.22% | – |
| CSTM | Buy | CONSTELLIUM NVcl a | $4,592,000 | +34.3% | 371,804 | +12.0% | 0.40% | +31.6% |
| KRA | Buy | KRATON CORPORATION | $4,449,000 | +39.0% | 94,352 | +36.0% | 0.39% | +36.1% |
| AMRQQ | Sell | ALTA MESA RES INCcl a | $4,297,000 | -51.1% | 1,028,010 | -20.3% | 0.38% | -52.1% |
| New | FALCON MINERALS CORP | $2,939,000 | – | 267,179 | – | 0.26% | – | |
| PDS | Sell | PRECISION DRILLING CORP | $2,914,000 | -1.5% | 842,110 | -5.5% | 0.26% | -3.4% |
| AA | Sell | ALCOA CORP | $2,789,000 | -94.8% | 69,046 | -93.9% | 0.25% | -94.9% |
| WSCWW | Buy | WILLSCOT CORP*w exp 09/10/202 | $1,768,000 | +62.6% | 593,327 | +23.3% | 0.16% | +59.2% |
| AKRXQ | Buy | AKORN INCcall | $731,000 | +66.1% | 56,300 | +112.5% | 0.06% | +60.0% |
| MDXG | New | MIMEDX GROUP INC | $635,000 | – | 102,726 | – | 0.06% | – |
| MNKKQ | Exit | MALLINCKRODT PUB LTD CO | $0 | – | -52,598 | – | -0.09% | – |
| PEIX | Exit | PACIFIC ETHANOL INC | $0 | – | -420,571 | – | -0.10% | – |
| SFS | Exit | SMART & FINAL STORES INC | $0 | – | -259,431 | – | -0.13% | – |
| SVU | Exit | SUPERVALU INC | $0 | – | -121,664 | – | -0.22% | – |
| COMM | Exit | COMMSCOPE HLDG CO INC | $0 | – | -85,573 | – | -0.22% | – |
| CLF | Exit | CLEVELAND CLIFFS INCcall | $0 | – | -4,080,000 | – | -3.09% | – |
Q2 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BTU | New | PEABODY ENERGY CORP NEW | $363,309,000 | – | 7,988,321 | – | 32.64% | – |
| VALE | New | VALE S Aadr | $94,376,000 | – | 7,361,650 | – | 8.48% | – |
| BAK | New | BRASKEM S Asp adr pfd a | $83,820,000 | – | 3,223,859 | – | 7.53% | – |
| TX | New | TERNIUM SAspon adr | $75,117,000 | – | 2,157,284 | – | 6.75% | – |
| PVAC | New | PENN VA CORP NEW | $67,364,000 | – | 793,549 | – | 6.05% | – |
| CLF | New | CLEVELAND CLIFFS INC | $66,175,000 | – | 7,849,973 | – | 5.94% | – |
| AA | New | ALCOA CORP | $53,400,000 | – | 1,139,086 | – | 4.80% | – |
| GGB | New | GERDAU S Aspon adr rep pfd | $40,754,000 | – | 11,512,531 | – | 3.66% | – |
| CZR | New | CAESARS ENTMT CORP | $38,178,000 | – | 3,568,018 | – | 3.43% | – |
| VST | New | VISTRA ENERGY CORP | $37,169,000 | – | 1,570,970 | – | 3.34% | – |
| KEGX | New | KEY ENERGY SVCS INC DEL | $36,672,000 | – | 2,258,134 | – | 3.29% | – |
| GOL | New | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $34,467,000 | – | 6,454,443 | – | 3.10% | – |
| CLF | New | CLEVELAND CLIFFS INCcall | $34,394,000 | – | 4,080,000 | – | 3.09% | – |
| New | CAESARS ENTMT CORPnote 5.000%10/0 | $26,369,000 | – | 15,417,675 | – | 2.37% | – | |
| GGB | New | GERDAU S Acall | $21,240,000 | – | 6,000,000 | – | 1.91% | – |
| AMRQQ | New | ALTA MESA RES INCcl a | $8,780,000 | – | 1,289,307 | – | 0.79% | – |
| BASX | New | BASIC ENERGY SVCS INC NEW | $7,135,000 | – | 642,176 | – | 0.64% | – |
| CSTM | New | CONSTELLIUM NVcl a | $3,418,000 | – | 331,875 | – | 0.31% | – |
| KRA | New | KRATON CORPORATION | $3,201,000 | – | 69,380 | – | 0.29% | – |
| PDS | New | PRECISION DRILLING CORP | $2,958,000 | – | 891,070 | – | 0.27% | – |
| COMM | New | COMMSCOPE HLDG CO INC | $2,499,000 | – | 85,573 | – | 0.22% | – |
| SVU | New | SUPERVALU INC | $2,497,000 | – | 121,664 | – | 0.22% | – |
| FDC | New | FIRST DATA CORP NEW | $2,493,000 | – | 119,100 | – | 0.22% | – |
| WSC | New | WILLSCOT CORP | $1,996,000 | – | 134,881 | – | 0.18% | – |
| SFS | New | SMART & FINAL STORES INC | $1,440,000 | – | 259,431 | – | 0.13% | – |
| PEIX | New | PACIFIC ETHANOL INC | $1,093,000 | – | 420,571 | – | 0.10% | – |
| WSCWW | New | WILLSCOT CORP*w exp 09/10/202 | $1,087,000 | – | 481,069 | – | 0.10% | – |
| MNKKQ | New | MALLINCKRODT PUB LTD CO | $981,000 | – | 52,598 | – | 0.09% | – |
| AKRXQ | New | AKORN INCcall | $440,000 | – | 26,500 | – | 0.04% | – |
| CGGYY | New | CGGspon adr new | $336,000 | – | 133,197 | – | 0.03% | – |
Q4 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BC | Exit | BRUNSWICK CORP | $0 | – | -24,532 | – | -0.17% | – |
| CRK | Exit | COMSTOCK RES INC | $0 | – | -225,969 | – | -0.17% | – |
| JONE | Exit | JONES ENERGY INC | $0 | – | -744,887 | – | -0.18% | – |
| ANF | Exit | ABERCROMBIE & FITCH COcl a | $0 | – | -175,081 | – | -0.31% | – |
| EAGL | Exit | DOUBLE EAGLE ACQUISITION COR | $0 | – | -265,031 | – | -0.33% | – |
| AA | Exit | ALCOA CORP | $0 | – | -72,908 | – | -0.42% | – |
| COMM | Exit | COMMSCOPE HLDG CO INC | $0 | – | -116,310 | – | -0.47% | – |
| AROC | Exit | ARCHROCK INC | $0 | – | -342,877 | – | -0.53% | – |
| CSTM | Exit | CONSTELLIUM NVcl a | $0 | – | -458,107 | – | -0.58% | – |
| OSG | Exit | OVERSEAS SHIPHOLDING GROUP Icl a new | $0 | – | -2,006,139 | – | -0.65% | – |
| KRA | Exit | KRATON CORPORATION | $0 | – | -146,272 | – | -0.73% | – |
| BCS | Exit | BARCLAYS PLCadr | $0 | – | -883,202 | – | -1.12% | – |
| Exit | COMSTOCK RES INCnote 9.500% 6/1 | $0 | – | -12,483,318 | – | -1.21% | – | |
| BTU | Exit | PEABODY ENERGY CORP NEWcall | $0 | – | -400,000 | – | -1.42% | – |
| Exit | COMSTOCK RES INCnote 7.750% 4/0 | $0 | – | -18,981,006 | – | -1.86% | – | |
| JCPNQ | Exit | PENNEY J C INC | $0 | – | -5,523,313 | – | -2.58% | – |
| KEGX | Exit | KEY ENERGY SVCS INC DEL | $0 | – | -2,376,930 | – | -3.84% | – |
| TX | Exit | TERNIUM SAspon adr | $0 | – | -1,172,400 | – | -4.45% | – |
| GGB | Exit | GERDAU S Aspon adr rep pfd | $0 | – | -10,754,018 | – | -4.52% | – |
| PVAC | Exit | PENN VA CORP NEW | $0 | – | -1,061,876 | – | -5.21% | – |
| GOL | Exit | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $0 | – | -2,107,821 | – | -5.47% | – |
| VALE | Exit | VALE S Acall | $0 | – | -4,500,000 | – | -5.56% | – |
| VST | Exit | VISTRA ENERGY CORP | $0 | – | -2,538,657 | – | -5.82% | – |
| BAK | Exit | BRASKEM S Asp adr pfd a | $0 | – | -2,556,204 | – | -8.38% | – |
| VALE | Exit | VALE S Aadr | $0 | – | -7,154,428 | – | -8.84% | – |
| BTU | Exit | PEABODY ENERGY CORP NEW | $0 | – | -4,812,852 | – | -17.13% | – |
| BTUPR | Exit | PEABODY ENERGY CORP NEW8.5% pfd conv a | $0 | – | -2,587,576 | – | -18.07% | – |
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BTUPR | New | PEABODY ENERGY CORP NEW8.5% pfd conv a | $147,340,000 | – | 2,587,576 | – | 18.07% | – |
| BTU | Buy | PEABODY ENERGY CORP NEW | $139,621,000 | +28.2% | 4,812,852 | +8.0% | 17.13% | -19.0% |
| VALE | Buy | VALE S Aadr | $72,045,000 | +240.2% | 7,154,428 | +195.6% | 8.84% | +115.0% |
| BAK | Buy | BRASKEM S Asp adr pfd a | $68,353,000 | +52.8% | 2,556,204 | +18.4% | 8.38% | -3.4% |
| VALE | New | VALE S Acall | $45,315,000 | – | 4,500,000 | – | 5.56% | – |
| GOL | Buy | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $44,559,000 | +146.6% | 2,107,821 | +32.5% | 5.47% | +55.8% |
| GGB | Buy | GERDAU S Aspon adr rep pfd | $36,886,000 | +17.3% | 10,754,018 | +4.3% | 4.52% | -25.9% |
| TX | Buy | TERNIUM SAspon adr | $36,262,000 | +14.0% | 1,172,400 | +3.5% | 4.45% | -27.9% |
| JCPNQ | New | PENNEY J C INC | $21,044,000 | – | 5,523,313 | – | 2.58% | – |
| BTU | New | PEABODY ENERGY CORP NEWcall | $11,604,000 | – | 400,000 | – | 1.42% | – |
| Sell | COMSTOCK RES INCnote 9.500% 6/1 | $9,862,000 | -10.4% | 12,483,318 | -13.8% | 1.21% | -43.4% | |
| KRA | Sell | KRATON CORPORATION | $5,915,000 | +15.4% | 146,272 | -1.7% | 0.73% | -27.0% |
| CSTM | Sell | CONSTELLIUM NVcl a | $4,696,000 | +39.5% | 458,107 | -6.1% | 0.58% | -11.8% |
| AROC | Sell | ARCHROCK INC | $4,303,000 | +3.1% | 342,877 | -6.3% | 0.53% | -34.8% |
| COMM | Buy | COMMSCOPE HLDG CO INC | $3,863,000 | +146.4% | 116,310 | +182.1% | 0.47% | +55.9% |
| AA | Sell | ALCOA CORP | $3,399,000 | -49.4% | 72,908 | -64.6% | 0.42% | -68.0% |
| EAGL | New | DOUBLE EAGLE ACQUISITION COR | $2,677,000 | – | 265,031 | – | 0.33% | – |
| ANF | New | ABERCROMBIE & FITCH COcl a | $2,528,000 | – | 175,081 | – | 0.31% | – |
| JONE | New | JONES ENERGY INC | $1,430,000 | – | 744,887 | – | 0.18% | – |
| BC | New | BRUNSWICK CORP | $1,373,000 | – | 24,532 | – | 0.17% | – |
| CONN | Exit | CONNS INC | $0 | – | -40,000 | – | -0.15% | – |
| KRA | Exit | KRATON CORPORATIONcall | $0 | – | -56,700 | – | -0.38% | – |
| TNK | Exit | TEEKAY TANKERS LTDcl a | $0 | – | -1,373,128 | – | -0.50% | – |
| COT | Exit | COTT CORP QUE | $0 | – | -201,956 | – | -0.57% | – |
| DOFSQ | Exit | DIAMOND OFFSHORE DRILLING IN | $0 | – | -643,807 | – | -1.35% | – |
| ESV | Exit | ENSCO PLC | $0 | – | -2,068,198 | – | -2.07% | – |
| INSW | Exit | INTERNATIONAL SEAWAYS INC | $0 | – | -668,646 | – | -2.81% | – |
| VALEP | Exit | VALE S Aadr repstg pfd | $0 | – | -3,492,473 | – | -5.52% | – |
Q2 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BTU | New | PEABODY ENERGY CORP NEW | $108,943,000 | – | 4,455,748 | – | 21.14% | – |
| KEGX | New | KEY ENERGY SVCS INC DEL | $45,732,000 | – | 2,376,930 | – | 8.88% | – |
| BAK | New | BRASKEM S Asp adr pfd a | $44,741,000 | – | 2,159,309 | – | 8.68% | – |
| VST | New | VISTRA ENERGY CORP | $42,624,000 | – | 2,538,657 | – | 8.27% | – |
| PVAC | New | PENN VA CORP NEW | $39,024,000 | – | 1,061,876 | – | 7.57% | – |
| TX | New | TERNIUM SAspon adr | $31,804,000 | – | 1,132,233 | – | 6.17% | – |
| GGB | New | GERDAU S Aspon adr rep pfd | $31,459,000 | – | 10,314,320 | – | 6.11% | – |
| VALEP | New | VALE S Aadr repstg pfd | $28,464,000 | – | 3,492,473 | – | 5.52% | – |
| VALE | New | VALE S Aadr | $21,176,000 | – | 2,420,115 | – | 4.11% | – |
| GOL | New | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $18,073,000 | – | 1,590,934 | – | 3.51% | – |
| New | COMSTOCK RES INCnote 7.750% 4/0 | $14,615,000 | – | 18,981,006 | – | 2.84% | – | |
| INSW | New | INTERNATIONAL SEAWAYS INC | $14,490,000 | – | 668,646 | – | 2.81% | – |
| New | COMSTOCK RES INCnote 9.500% 6/1 | $11,007,000 | – | 14,483,318 | – | 2.14% | – | |
| ESV | New | ENSCO PLC | $10,672,000 | – | 2,068,198 | – | 2.07% | – |
| BCS | New | BARCLAYS PLCadr | $9,353,000 | – | 883,202 | – | 1.82% | – |
| DOFSQ | New | DIAMOND OFFSHORE DRILLING IN | $6,972,000 | – | 643,807 | – | 1.35% | – |
| AA | New | ALCOA CORP | $6,721,000 | – | 205,853 | – | 1.30% | – |
| OSG | New | OVERSEAS SHIPHOLDING GROUP Icl a new | $5,336,000 | – | 2,006,139 | – | 1.04% | – |
| KRA | New | KRATON CORPORATION | $5,125,000 | – | 148,796 | – | 1.00% | – |
| AROC | New | ARCHROCK INC | $4,174,000 | – | 366,098 | – | 0.81% | – |
| CSTM | New | CONSTELLIUM NVcl a | $3,366,000 | – | 487,825 | – | 0.65% | – |
| COT | New | COTT CORP QUE | $2,916,000 | – | 201,956 | – | 0.57% | – |
| TNK | New | TEEKAY TANKERS LTDcl a | $2,581,000 | – | 1,373,128 | – | 0.50% | – |
| KRA | New | KRATON CORPORATIONcall | $1,953,000 | – | 56,700 | – | 0.38% | – |
| CRK | New | COMSTOCK RES INC | $1,598,000 | – | 225,969 | – | 0.31% | – |
| COMM | New | COMMSCOPE HLDG CO INC | $1,568,000 | – | 41,229 | – | 0.30% | – |
| CONN | New | CONNS INC | $764,000 | – | 40,000 | – | 0.15% | – |
Q4 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KODKWSA | Exit | EASTMAN KODAK CO*w exp 09/03/201 | $0 | – | -117,479 | – | -0.13% | – |
| KODKWS | Exit | EASTMAN KODAK CO*w exp 09/03/201 | $0 | – | -117,479 | – | -0.20% | – |
| AVHOQ | Exit | AVIANCA HLDGS SAspon adr rep pfd | $0 | – | -67,141 | – | -0.21% | – |
| ADES | Exit | ADVANCED EMISSIONS SOLUTS IN | $0 | – | -101,423 | – | -0.36% | – |
| LPX | Exit | LOUISIANA PAC CORP | $0 | – | -42,667 | – | -0.38% | – |
| ALGT | Exit | ALLEGIANT TRAVEL CO | $0 | – | -7,873 | – | -0.49% | – |
| OA | Exit | ORBITAL ATK INC | $0 | – | -15,997 | – | -0.58% | – |
| CAPL | Exit | CROSSAMERICA PARTNERS LPut ltd ptn int | $0 | – | -52,128 | – | -0.63% | – |
| CWST | Exit | CASELLA WASTE SYS INCcl a | $0 | – | -130,953 | – | -0.64% | – |
| CONN | Exit | CONNS INC | $0 | – | -131,068 | – | -0.64% | – |
| CLDPQ | Exit | CLOUD PEAK ENERGY INC | $0 | – | -253,902 | – | -0.66% | – |
| TX | Exit | TERNIUM SAspon adr | $0 | – | -76,786 | – | -0.72% | – |
| APLP | Exit | ARCHROCK PARTNERS L P | $0 | – | -103,161 | – | -0.72% | – |
| MIC | Exit | MACQUARIE INFRASTRUCTURE COR | $0 | – | -21,991 | – | -0.87% | – |
| BAK | Exit | BRASKEM S Asp adr pfd a | $0 | – | -122,700 | – | -0.90% | – |
| AYA | Exit | AMAYA INC | $0 | – | -119,755 | – | -0.92% | – |
| CPN | Exit | CALPINE CORP | $0 | – | -183,956 | – | -1.10% | – |
| SCI | Exit | SERVICE CORP INTL | $0 | – | -102,630 | – | -1.30% | – |
| TNK | Exit | TEEKAY TANKERS LTDcl a | $0 | – | -1,373,128 | – | -1.65% | – |
| CRK | Exit | COMSTOCK RES INC | $0 | – | -493,707 | – | -1.79% | – |
| VRS | Exit | VERSO CORPcl a | $0 | – | -645,494 | – | -1.98% | – |
| KRA | Exit | KRATON CORPORATION | $0 | – | -120,950 | – | -2.02% | – |
| KRA | Exit | KRATON CORPORATIONcall | $0 | – | -127,000 | – | -2.12% | – |
| AROC | Exit | ARCHROCK INC | $0 | – | -365,756 | – | -2.27% | – |
| Exit | COMSTOCK RES INCnote 7.750% 4/0 | $0 | – | -9,175,000 | – | -3.16% | – | |
| Exit | COMSTOCK RES INCnote 9.500% 6/1 | $0 | – | -10,000,000 | – | -3.45% | – | |
| BCS | Exit | BARCLAYS PLCadr | $0 | – | -941,044 | – | -3.89% | – |
| GOL | Exit | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $0 | – | -580,173 | – | -5.23% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -443,799 | – | -7.72% | – |
| VALEP | Exit | VALE S Aadr repstg pfd | $0 | – | -3,614,780 | – | -8.10% | – |
| VALE | Exit | VALE S Aadr | $0 | – | -3,538,891 | – | -9.25% | – |
| OSG | Exit | OVERSEAS SHIPHOLDING GROUP Icl a new | $0 | – | -2,006,139 | – | -10.08% | – |
| KODK | Exit | EASTMAN KODAK CO | $0 | – | -1,675,564 | – | -11.95% | – |
| GGB | Exit | GERDAU S Aspon adr rep pfd | $0 | – | -10,736,524 | – | -13.88% | – |
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| GGB | Buy | GERDAU S Aspon adr rep pfd | $29,203,000 | +398.3% | 10,736,524 | +233.4% | 13.88% | +245.3% |
| KODK | Sell | EASTMAN KODAK CO | $25,133,000 | -20.7% | 1,675,564 | -14.9% | 11.95% | -45.0% |
| OSG | Sell | OVERSEAS SHIPHOLDING GROUP Icl a new | $21,205,000 | -10.5% | 2,006,139 | -6.9% | 10.08% | -38.0% |
| VALE | Buy | VALE S Aadr | $19,464,000 | +44.0% | 3,538,891 | +32.4% | 9.25% | -0.3% |
| VALEP | Buy | VALE S Aadr repstg pfd | $17,026,000 | +524.3% | 3,614,780 | +431.6% | 8.10% | +332.7% |
| AAL | Sell | AMERICAN AIRLS GROUP INC | $16,247,000 | -18.0% | 443,799 | -36.6% | 7.72% | -43.2% |
| GOL | Buy | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $11,000,000 | +445.1% | 580,173 | +204.5% | 5.23% | +277.6% |
| BCS | New | BARCLAYS PLCadr | $8,178,000 | – | 941,044 | – | 3.89% | – |
| New | COMSTOCK RES INCnote 9.500% 6/1 | $7,250,000 | – | 10,000,000 | – | 3.45% | – | |
| New | COMSTOCK RES INCnote 7.750% 4/0 | $6,652,000 | – | 9,175,000 | – | 3.16% | – | |
| AROC | Buy | ARCHROCK INC | $4,784,000 | +54.4% | 365,756 | +11.2% | 2.27% | +7.0% |
| KRA | Buy | KRATON CORPORATIONcall | $4,450,000 | +59.3% | 127,000 | +12600.0% | 2.12% | +10.4% |
| KRA | Buy | KRATON CORPORATION | $4,238,000 | +233.2% | 120,950 | +165.6% | 2.02% | +130.8% |
| VRS | New | VERSO CORPcl a | $4,163,000 | – | 645,494 | – | 1.98% | – |
| CRK | New | COMSTOCK RES INC | $3,772,000 | – | 493,707 | – | 1.79% | – |
| TNK | Sell | TEEKAY TANKERS LTDcl a | $3,474,000 | -60.1% | 1,373,128 | -53.0% | 1.65% | -72.4% |
| CPN | New | CALPINE CORP | $2,325,000 | – | 183,956 | – | 1.10% | – |
| AYA | Sell | AMAYA INC | $1,939,000 | -6.8% | 119,755 | -11.7% | 0.92% | -35.4% |
| BAK | New | BRASKEM S Asp adr pfd a | $1,887,000 | – | 122,700 | – | 0.90% | – |
| MIC | Sell | MACQUARIE INFRASTRUCTURE COR | $1,831,000 | -10.3% | 21,991 | -20.3% | 0.87% | -37.8% |
| APLP | Buy | ARCHROCK PARTNERS L P | $1,519,000 | +55.5% | 103,161 | +42.9% | 0.72% | +7.8% |
| TX | New | TERNIUM SAspon adr | $1,507,000 | – | 76,786 | – | 0.72% | – |
| CLDPQ | New | CLOUD PEAK ENERGY INC | $1,381,000 | – | 253,902 | – | 0.66% | – |
| CONN | Buy | CONNS INC | $1,353,000 | +168.5% | 131,068 | +95.4% | 0.64% | +85.8% |
| CWST | Sell | CASELLA WASTE SYS INCcl a | $1,349,000 | -18.2% | 130,953 | -37.7% | 0.64% | -43.4% |
| CAPL | Buy | CROSSAMERICA PARTNERS LPut ltd ptn int | $1,324,000 | +53.2% | 52,128 | +47.9% | 0.63% | +6.1% |
| OA | New | ORBITAL ATK INC | $1,219,000 | – | 15,997 | – | 0.58% | – |
| ALGT | Sell | ALLEGIANT TRAVEL CO | $1,040,000 | -53.9% | 7,873 | -47.2% | 0.49% | -68.1% |
| LPX | New | LOUISIANA PAC CORP | $803,000 | – | 42,667 | – | 0.38% | – |
| ADES | New | ADVANCED EMISSIONS SOLUTS IN | $763,000 | – | 101,423 | – | 0.36% | – |
| AVHOQ | New | AVIANCA HLDGS SAspon adr rep pfd | $435,000 | – | 67,141 | – | 0.21% | – |
| GGB | Exit | GERDAU S Acall | $0 | – | -2,500 | – | -0.31% | – |
| JKS | Exit | JINKOSOLAR HLDG CO LTDsponsored adr | $0 | – | -41,505 | – | -0.58% | – |
| TPX | Exit | TEMPUR SEALY INTL INC | $0 | – | -25,649 | – | -0.97% | – |
| Exit | EXIDE TECHNOLOGIESdebt 7.000% 4/3 | $0 | – | -3,443,979 | – | -1.06% | – | |
| BWXT | Exit | BWX TECHNOLOGIES INC | $0 | – | -44,247 | – | -1.09% | – |
| TSL | Exit | TRINA SOLAR LIMITEDspon adr | $0 | – | -240,000 | – | -1.28% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -242,783 | – | -6.07% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KODK | New | EASTMAN KODAK CO | $31,674,000 | – | 1,969,758 | – | 21.74% | – |
| OSG | New | OVERSEAS SHIPHOLDING GROUP Icl a new | $23,693,000 | – | 2,155,847 | – | 16.26% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $19,813,000 | – | 699,848 | – | 13.60% | – |
| VALE | New | VALE S Aadr | $13,520,000 | – | 2,672,000 | – | 9.28% | – |
| DAL | New | DELTA AIR LINES INC DEL | $8,845,000 | – | 242,783 | – | 6.07% | – |
| TNK | New | TEEKAY TANKERS LTDcl a | $8,713,000 | – | 2,923,787 | – | 5.98% | – |
| GGB | New | GERDAU S Aspon adr rep pfd | $5,860,000 | – | 3,220,000 | – | 4.02% | – |
| AROC | New | ARCHROCK INC | $3,098,000 | – | 328,871 | – | 2.13% | – |
| KRA | New | KRATON PERFORMANCE POLYMERScall | $2,793,000 | – | 1,000 | – | 1.92% | – |
| SCI | New | SERVICE CORP INTL | $2,775,000 | – | 102,630 | – | 1.90% | – |
| VALEP | New | VALE S Aadr repstg pfd | $2,727,000 | – | 680,000 | – | 1.87% | – |
| ALGT | New | ALLEGIANT TRAVEL CO | $2,257,000 | – | 14,898 | – | 1.55% | – |
| AYA | New | AMAYA INC | $2,080,000 | – | 135,615 | – | 1.43% | – |
| MIC | New | MACQUARIE INFRASTRUCTURE COR | $2,042,000 | – | 27,578 | – | 1.40% | – |
| GOL | New | GOL LINHAS AEREAS INTLG S Aspon adr pfd new | $2,018,000 | – | 190,550 | – | 1.38% | – |
| TSL | New | TRINA SOLAR LIMITEDspon adr | $1,858,000 | – | 240,000 | – | 1.28% | – |
| CWST | New | CASELLA WASTE SYS INCcl a | $1,650,000 | – | 210,209 | – | 1.13% | – |
| BWXT | New | BWX TECHNOLOGIES INC | $1,583,000 | – | 44,247 | – | 1.09% | – |
| New | EXIDE TECHNOLOGIESdebt 7.000% 4/3 | $1,550,000 | – | 3,443,979 | – | 1.06% | – | |
| TPX | New | TEMPUR SEALY INTL INC | $1,419,000 | – | 25,649 | – | 0.97% | – |
| KRA | New | KRATON PERFORMANCE POLYMERS | $1,272,000 | – | 45,532 | – | 0.87% | – |
| APLP | New | ARCHROCK PARTNERS L P | $977,000 | – | 72,189 | – | 0.67% | – |
| CAPL | New | CROSSAMERICA PARTNERS LPut ltd ptn int | $864,000 | – | 35,256 | – | 0.59% | – |
| JKS | New | JINKOSOLAR HLDG CO LTDsponsored adr | $846,000 | – | 41,505 | – | 0.58% | – |
| CONN | New | CONNS INC | $504,000 | – | 67,064 | – | 0.35% | – |
| GGB | New | GERDAU S Acall | $455,000 | – | 2,500 | – | 0.31% | – |
| KODKWS | New | EASTMAN KODAK CO*w exp 09/03/201 | $453,000 | – | 117,479 | – | 0.31% | – |
| KODKWSA | New | EASTMAN KODAK CO*w exp 09/03/201 | $379,000 | – | 117,479 | – | 0.26% | – |
Q4 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KODKWSA | Exit | EASTMAN KODAK CO*w exp 09/03/201 | $0 | – | -121,996 | – | -0.18% | – |
| NWS | Exit | NEWS CORP NEWcl b | $0 | – | -29,915 | – | -0.19% | – |
| KODKWS | Exit | EASTMAN KODAK CO*w exp 09/03/201 | $0 | – | -121,996 | – | -0.21% | – |
| ACAS | Exit | AMERICAN CAP LTD | $0 | – | -62,486 | – | -0.38% | – |
| CPS | Exit | COOPER STD HLDGS INC | $0 | – | -19,060 | – | -0.56% | – |
| FRP | Exit | FAIRPOINT COMMUNICATIONS INC | $0 | – | -95,768 | – | -0.74% | – |
| CAPL | Exit | CROSSAMERICA PARTNERS LPut ltd ptn int | $0 | – | -70,225 | – | -0.81% | – |
| SAVE | Exit | SPIRIT AIRLS INC | $0 | – | -37,540 | – | -0.89% | – |
| CACQ | Exit | CAESARS ACQUISITION COcl a | $0 | – | -316,483 | – | -1.13% | – |
| ASC | Exit | ARDMORE SHIPPING CORP | $0 | – | -194,494 | – | -1.18% | – |
| CWST | Exit | CASELLA WASTE SYS INCcl a | $0 | – | -431,884 | – | -1.26% | – |
| SCI | Exit | SERVICE CORP INTL | $0 | – | -110,688 | – | -1.51% | – |
| IBKR | Exit | INTERACTIVE BROKERS GROUP IN | $0 | – | -102,752 | – | -2.04% | – |
| BWXT | Exit | BWX TECHNOLOGIES INC | $0 | – | -165,554 | – | -2.20% | – |
| BPOP | Exit | POPULAR INC | $0 | – | -236,023 | – | -3.59% | – |
| SPY | Exit | SPDR S&P 500 ETF TRput | $0 | – | -50,000 | – | -4.82% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -242,783 | – | -5.48% | – |
| IWM | Exit | ISHARES TRput | $0 | – | -100,000 | – | -5.49% | – |
| TNK | Exit | TEEKAY TANKERS LTDcl a | $0 | – | -3,358,152 | – | -11.65% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -673,480 | – | -13.15% | – |
| KODK | Exit | EASTMAN KODAK CO | $0 | – | -1,774,354 | – | -13.94% | – |
| HMHC | Exit | HOUGHTON MIFFLIN HARCOURT CO | $0 | – | -2,800,389 | – | -28.60% | – |
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HMHC | Buy | HOUGHTON MIFFLIN HARCOURT CO | $56,876,000 | -14.1% | 2,800,389 | +6.6% | 28.60% | -12.5% |
| KODK | Buy | EASTMAN KODAK CO | $27,715,000 | -6.2% | 1,774,354 | +0.9% | 13.94% | -4.5% |
| TNK | Buy | TEEKAY TANKERS LTDcl a | $23,171,000 | +7.6% | 3,358,152 | +3.1% | 11.65% | +9.5% |
| IWM | New | ISHARES TRput | $10,920,000 | – | 100,000 | – | 5.49% | – |
| SPY | New | SPDR S&P 500 ETF TRput | $9,582,000 | – | 50,000 | – | 4.82% | – |
| BWXT | New | BWX TECHNOLOGIES INC | $4,364,000 | – | 165,554 | – | 2.20% | – |
| IBKR | Buy | INTERACTIVE BROKERS GROUP IN | $4,056,000 | +13.6% | 102,752 | +19.6% | 2.04% | +15.6% |
| SCI | Buy | SERVICE CORP INTL | $3,000,000 | +52.3% | 110,688 | +65.3% | 1.51% | +55.1% |
| CWST | Buy | CASELLA WASTE SYS INCcl a | $2,505,000 | +14.3% | 431,884 | +10.5% | 1.26% | +16.3% |
| ASC | New | ARDMORE SHIPPING CORP | $2,349,000 | – | 194,494 | – | 1.18% | – |
| CACQ | New | CAESARS ACQUISITION COcl a | $2,247,000 | – | 316,483 | – | 1.13% | – |
| SAVE | New | SPIRIT AIRLS INC | $1,776,000 | – | 37,540 | – | 0.89% | – |
| CAPL | Buy | CROSSAMERICA PARTNERS LPut ltd ptn int | $1,603,000 | -14.4% | 70,225 | +6.0% | 0.81% | -12.9% |
| FRP | Sell | FAIRPOINT COMMUNICATIONS INC | $1,476,000 | -27.3% | 95,768 | -14.0% | 0.74% | -26.0% |
| CPS | Sell | COOPER STD HLDGS INC | $1,105,000 | -81.0% | 19,060 | -79.9% | 0.56% | -80.7% |
| ACAS | Sell | AMERICAN CAP LTD | $760,000 | -75.4% | 62,486 | -72.6% | 0.38% | -75.0% |
| RHP | Exit | RYMAN HOSPITALITY PPTYS INC | $0 | – | -17,654 | – | -0.46% | – |
| GT | Exit | GOODYEAR TIRE & RUBR CO | $0 | – | -31,170 | – | -0.46% | – |
| VRSZQ | Exit | VERSO CORP | $0 | – | -3,493,653 | – | -1.14% | – |
| CTB | Exit | COOPER TIRE & RUBR CO | $0 | – | -77,504 | – | -1.30% | – |
| F102PS | Exit | BABCOCK & WILCOX CO NEW | $0 | – | -122,308 | – | -1.98% | – |
| RFP | Exit | RESOLUTE FST PRODS INC | $0 | – | -771,525 | – | -4.29% | – |
Q2 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HMHC | New | HOUGHTON MIFFLIN HARCOURT CO | $66,177,000 | – | 2,626,074 | – | 32.70% | – |
| KODK | New | EASTMAN KODAK CO | $29,550,000 | – | 1,758,928 | – | 14.60% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $26,895,000 | – | 673,480 | – | 13.29% | – |
| TNK | New | TEEKAY TANKERS LTDcl a | $21,536,000 | – | 3,258,152 | – | 10.64% | – |
| DAL | New | DELTA AIR LINES INC DEL | $9,974,000 | – | 242,783 | – | 4.93% | – |
| RFP | New | RESOLUTE FST PRODS INC | $8,680,000 | – | 771,525 | – | 4.29% | – |
| BPOP | New | POPULAR INC | $6,812,000 | – | 236,023 | – | 3.37% | – |
| CPS | New | COOPER STD HLDGS INC | $5,831,000 | – | 94,857 | – | 2.88% | – |
| F102PS | New | BABCOCK & WILCOX CO NEW | $4,012,000 | – | 122,308 | – | 1.98% | – |
| IBKR | New | INTERACTIVE BROKERS GROUP IN | $3,571,000 | – | 85,913 | – | 1.76% | – |
| ACAS | New | AMERICAN CAP LTD | $3,094,000 | – | 228,316 | – | 1.53% | – |
| CTB | New | COOPER TIRE & RUBR CO | $2,622,000 | – | 77,504 | – | 1.30% | – |
| VRSZQ | New | VERSO CORP | $2,306,000 | – | 3,493,653 | – | 1.14% | – |
| CWST | New | CASELLA WASTE SYS INCcl a | $2,192,000 | – | 390,803 | – | 1.08% | – |
| FRP | New | FAIRPOINT COMMUNICATIONS INC | $2,030,000 | – | 111,411 | – | 1.00% | – |
| SCI | New | SERVICE CORP INTL | $1,970,000 | – | 66,947 | – | 0.97% | – |
| CAPL | New | CROSSAMERICA PARTNERS LPut ltd ptn int | $1,873,000 | – | 66,269 | – | 0.92% | – |
| GT | New | GOODYEAR TIRE & RUBR CO | $940,000 | – | 31,170 | – | 0.46% | – |
| RHP | New | RYMAN HOSPITALITY PPTYS INC | $938,000 | – | 17,654 | – | 0.46% | – |
| KODKWS | New | EASTMAN KODAK CO*w exp 09/03/201 | $495,000 | – | 121,996 | – | 0.24% | – |
| KODKWSA | New | EASTMAN KODAK CO*w exp 09/03/201 | $455,000 | – | 121,996 | – | 0.22% | – |
| NWS | New | NEWS CORP NEWcl b | $426,000 | – | 29,915 | – | 0.21% | – |
Q4 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SNMX | Exit | SENOMYX INC | $0 | – | -25,050 | – | -0.08% | – |
| NLY | Exit | ANNALY CAP MGMT INC | $0 | – | -41,627 | – | -0.17% | – |
| WCIC | Exit | WCI CMNTYS INC | $0 | – | -30,292 | – | -0.21% | – |
| NWSA | Exit | NEWS CORP NEWcl a | $0 | – | -34,322 | – | -0.21% | – |
| KODKWSA | Exit | EASTMAN KODAK CO*w exp 09/03/201 | $0 | – | -119,995 | – | -0.30% | – |
| KN | Exit | KNOWLES CORP | $0 | – | -30,413 | – | -0.30% | – |
| KODKWS | Exit | EASTMAN KODAK CO*w exp 09/03/201 | $0 | – | -119,995 | – | -0.33% | – |
| CQB | Exit | CHIQUITA BRANDS INTL INC | $0 | – | -63,429 | – | -0.34% | – |
| SALT | Exit | SCORPIO BULKERS INC | $0 | – | -162,525 | – | -0.36% | – |
| HELI | Exit | CHC GROUP LTD | $0 | – | -182,282 | – | -0.39% | – |
| MIC | Exit | MACQUARIE INFRASTR CO LLCmembership int | $0 | – | -15,570 | – | -0.39% | – |
| OCIP | Exit | OCI PARTNERS LP | $0 | – | -53,164 | – | -0.43% | – |
| AIG | Exit | AMERICAN INTL GROUP INC | $0 | – | -22,435 | – | -0.46% | – |
| DHT | Exit | DHT HOLDINGS INC | $0 | – | -211,343 | – | -0.49% | – |
| BRSS | Exit | GLOBAL BRASS & COPPR HLDGS I | $0 | – | -110,245 | – | -0.61% | – |
| WYND | Exit | WYNDHAM WORLDWIDE CORP | $0 | – | -20,090 | – | -0.62% | – |
| NSAM | Exit | NORTHSTAR ASSET MGMT GROUP I | $0 | – | -95,990 | – | -0.67% | – |
| LGP | Exit | LEHIGH GAS PARTNERS LPut ltd ptn int | $0 | – | -55,845 | – | -0.72% | – |
| RHP | Exit | RYMAN HOSPITALITY PPTYS INC | $0 | – | -43,495 | – | -0.78% | – |
| BRP | Exit | BROOKFIELD RESIDENTIAL PPTYS | $0 | – | -114,721 | – | -0.82% | – |
| CTB | Exit | COOPER TIRE & RUBR CO | $0 | – | -89,585 | – | -0.97% | – |
| SCI | Exit | SERVICE CORP INTL | $0 | – | -124,670 | – | -1.00% | – |
| TPUB | Exit | TRIBUNE PUBG CO | $0 | – | -141,987 | – | -1.08% | – |
| CHTR | Exit | CHARTER COMMUNICATIONS INC Dcl a new | $0 | – | -20,001 | – | -1.14% | – |
| GT | Exit | GOODYEAR TIRE & RUBR CO | $0 | – | -163,751 | – | -1.40% | – |
| RHNO | Exit | RHINO RESOURCE PARTNERS LP | $0 | – | -414,281 | – | -1.87% | – |
| GM | Exit | GENERAL MTRS CO | $0 | – | -213,861 | – | -2.58% | – |
| BPOP | Exit | POPULAR INC | $0 | – | -255,483 | – | -2.84% | – |
| CPS | Exit | COOPER STD HLDGS INC | $0 | – | -178,777 | – | -4.22% | – |
| RFP | Exit | RESOLUTE FST PRODS INC | $0 | – | -837,621 | – | -4.95% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -380,961 | – | -5.20% | – |
| TNK | Exit | TEEKAY TANKERS LTDcl a | $0 | – | -3,752,371 | – | -5.29% | – |
| JKS | Exit | JINKOSOLAR HLDG CO LTDsponsored adr | $0 | – | -582,630 | – | -6.05% | – |
| AAL | Exit | AMERICAN AIRLS GROUP INC | $0 | – | -1,034,048 | – | -13.87% | – |
| KODK | Exit | EASTMAN KODAK CO | $0 | – | -1,807,926 | – | -15.01% | – |
| HMHC | Exit | HOUGHTON MIFFLIN HARCOURT CO | $0 | – | -3,244,540 | – | -23.84% | – |
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HMHC | Sell | HOUGHTON MIFFLIN HARCOURT CO | $63,074,000 | -1.6% | 3,244,540 | -3.0% | 23.84% | +19.6% |
| KODK | Sell | EASTMAN KODAK CO | $39,720,000 | -39.8% | 1,807,926 | -32.9% | 15.01% | -26.8% |
| JKS | Sell | JINKOSOLAR HLDG CO LTDsponsored adr | $16,016,000 | -9.9% | 582,630 | -1.1% | 6.05% | +9.6% |
| TNK | Buy | TEEKAY TANKERS LTDcl a | $13,996,000 | -12.5% | 3,752,371 | +0.7% | 5.29% | +6.4% |
| GM | Sell | GENERAL MTRS CO | $6,831,000 | -12.2% | 213,861 | -0.3% | 2.58% | +6.7% |
| GT | Sell | GOODYEAR TIRE & RUBR CO | $3,698,000 | -31.5% | 163,751 | -15.8% | 1.40% | -16.7% |
| CHTR | New | CHARTER COMMUNICATIONS INC Dcl a new | $3,028,000 | – | 20,001 | – | 1.14% | – |
| TPUB | New | TRIBUNE PUBG CO | $2,865,000 | – | 141,987 | – | 1.08% | – |
| SCI | Buy | SERVICE CORP INTL | $2,636,000 | +48.4% | 124,670 | +45.4% | 1.00% | +80.4% |
| CTB | New | COOPER TIRE & RUBR CO | $2,571,000 | – | 89,585 | – | 0.97% | – |
| BRP | Sell | BROOKFIELD RESIDENTIAL PPTYS | $2,167,000 | -31.7% | 114,721 | -25.0% | 0.82% | -17.0% |
| LGP | New | LEHIGH GAS PARTNERS LPut ltd ptn int | $1,897,000 | – | 55,845 | – | 0.72% | – |
| NSAM | New | NORTHSTAR ASSET MGMT GROUP I | $1,768,000 | – | 95,990 | – | 0.67% | – |
| BRSS | Sell | GLOBAL BRASS & COPPR HLDGS I | $1,617,000 | -45.0% | 110,245 | -36.6% | 0.61% | -33.2% |
| DHT | New | DHT HOLDINGS INC | $1,302,000 | – | 211,343 | – | 0.49% | – |
| MIC | New | MACQUARIE INFRASTR CO LLCmembership int | $1,039,000 | – | 15,570 | – | 0.39% | – |
| HELI | Buy | CHC GROUP LTD | $1,021,000 | +12.8% | 182,282 | +69.9% | 0.39% | +37.4% |
| SALT | New | SCORPIO BULKERS INC | $946,000 | – | 162,525 | – | 0.36% | – |
| CQB | New | CHIQUITA BRANDS INTL INC | $901,000 | – | 63,429 | – | 0.34% | – |
| KODKWS | Buy | EASTMAN KODAK CO*w exp 09/03/201 | $884,000 | -11.2% | 119,995 | +13.8% | 0.33% | +8.1% |
| KN | Sell | KNOWLES CORP | $806,000 | -38.8% | 30,413 | -29.0% | 0.30% | -25.4% |
| KODKWSA | Buy | EASTMAN KODAK CO*w exp 09/03/201 | $780,000 | -19.3% | 119,995 | +13.8% | 0.30% | -2.0% |
| NWSA | Sell | NEWS CORP NEWcl a | $561,000 | -54.4% | 34,322 | -50.0% | 0.21% | -44.6% |
| WCIC | Sell | WCI CMNTYS INC | $559,000 | -40.0% | 30,292 | -37.2% | 0.21% | -27.2% |
| NBGPRA | Exit | NATIONAL BK GREECE S Aadr prf ser a | $0 | – | -16,669 | – | -0.10% | – |
| SHOS | Exit | SEARS HOMETOWN & OUTLET STOR | $0 | – | -41,691 | – | -0.28% | – |
| AGO | Exit | ASSURED GUARANTY LTD | $0 | – | -48,795 | – | -0.37% | – |
| SATS | Exit | ECHOSTAR CORPcl a | $0 | – | -23,675 | – | -0.39% | – |
| MU | Exit | MICRON TECHNOLOGY INC | $0 | – | -44,577 | – | -0.46% | – |
| HTZ | Exit | HERTZ GLOBAL HOLDINGS INC | $0 | – | -55,810 | – | -0.49% | – |
| NRF | Exit | NORTHSTAR RLTY FIN CORP | $0 | – | -191,985 | – | -1.04% | – |
| NRG | Exit | NRG ENERGY INC | $0 | – | -377,187 | – | -4.36% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| KODK | New | EASTMAN KODAK CO | $65,960,000 | – | 2,695,564 | – | 20.51% | – |
| HMHC | New | HOUGHTON MIFFLIN HARCOURT CO | $64,081,000 | – | 3,344,542 | – | 19.93% | – |
| AAL | New | AMERICAN AIRLS GROUP INC | $44,423,000 | – | 1,034,048 | – | 13.81% | – |
| JKS | New | JINKOSOLAR HLDG CO LTDsponsored adr | $17,767,000 | – | 588,910 | – | 5.52% | – |
| TNK | New | TEEKAY TANKERS LTDcl a | $15,992,000 | – | 3,727,835 | – | 4.97% | – |
| DAL | New | DELTA AIR LINES INC DEL | $14,751,000 | – | 380,961 | – | 4.59% | – |
| RFP | New | RESOLUTE FST PRODS INC | $14,055,000 | – | 837,621 | – | 4.37% | – |
| NRG | New | NRG ENERGY INC | $14,031,000 | – | 377,187 | – | 4.36% | – |
| CPS | New | COOPER STD HLDGS INC | $11,828,000 | – | 178,777 | – | 3.68% | – |
| BPOP | New | POPULAR INC | $8,732,000 | – | 255,483 | – | 2.72% | – |
| GM | New | GENERAL MTRS CO | $7,784,000 | – | 214,447 | – | 2.42% | – |
| RHNO | New | RHINO RESOURCE PARTNERS LP | $5,829,000 | – | 414,281 | – | 1.81% | – |
| GT | New | GOODYEAR TIRE & RUBR CO | $5,400,000 | – | 194,371 | – | 1.68% | – |
| NRF | New | NORTHSTAR RLTY FIN CORP | $3,337,000 | – | 191,985 | – | 1.04% | – |
| BRP | New | BROOKFIELD RESIDENTIAL PPTYS | $3,174,000 | – | 152,971 | – | 0.99% | – |
| BRSS | New | GLOBAL BRASS & COPPR HLDGS I | $2,939,000 | – | 173,895 | – | 0.91% | – |
| RHP | New | RYMAN HOSPITALITY PPTYS INC | $2,094,000 | – | 43,495 | – | 0.65% | – |
| SCI | New | SERVICE CORP INTL | $1,776,000 | – | 85,725 | – | 0.55% | – |
| HTZ | New | HERTZ GLOBAL HOLDINGS INC | $1,564,000 | – | 55,810 | – | 0.49% | – |
| WYND | New | WYNDHAM WORLDWIDE CORP | $1,521,000 | – | 20,090 | – | 0.47% | – |
| MU | New | MICRON TECHNOLOGY INC | $1,469,000 | – | 44,577 | – | 0.46% | – |
| KN | New | KNOWLES CORP | $1,316,000 | – | 42,825 | – | 0.41% | – |
| SATS | New | ECHOSTAR CORPcl a | $1,253,000 | – | 23,675 | – | 0.39% | – |
| NWSA | New | NEWS CORP NEWcl a | $1,231,000 | – | 68,642 | – | 0.38% | – |
| AIG | New | AMERICAN INTL GROUP INC | $1,225,000 | – | 22,435 | – | 0.38% | – |
| AGO | New | ASSURED GUARANTY LTD | $1,195,000 | – | 48,795 | – | 0.37% | – |
| OCIP | New | OCI PARTNERS LP | $1,130,000 | – | 53,164 | – | 0.35% | – |
| KODKWS | New | EASTMAN KODAK CO*w exp 09/03/201 | $995,000 | – | 105,452 | – | 0.31% | – |
| KODKWSA | New | EASTMAN KODAK CO*w exp 09/03/201 | $967,000 | – | 105,452 | – | 0.30% | – |
| WCIC | New | WCI CMNTYS INC | $931,000 | – | 48,232 | – | 0.29% | – |
| HELI | New | CHC GROUP LTD | $905,000 | – | 107,282 | – | 0.28% | – |
| SHOS | New | SEARS HOMETOWN & OUTLET STOR | $895,000 | – | 41,691 | – | 0.28% | – |
| NLY | New | ANNALY CAP MGMT INC | $476,000 | – | 41,627 | – | 0.15% | – |
| NBGPRA | New | NATIONAL BK GREECE S Aadr prf ser a | $333,000 | – | 16,669 | – | 0.10% | – |
| SNMX | New | SENOMYX INC | $217,000 | – | 25,050 | – | 0.07% | – |
Q4 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| NLY | Exit | ANNALY CAP MGMT INC | $0 | – | -41,627 | – | -0.23% | – |
| FRP | Exit | FAIRPOINT COMMUNICATIONS INC | $0 | – | -57,303 | – | -0.26% | – |
| SXCP | Exit | SUNCOKE ENERGY PARTNERS L P | $0 | – | -22,936 | – | -0.26% | – |
| RTK | Exit | RENTECH INC | $0 | – | -308,058 | – | -0.30% | – |
| BZH | Exit | BEAZER HOMES USA INC | $0 | – | -40,281 | – | -0.35% | – |
| MWA | Exit | MUELLER WTR PRODS INC | $0 | – | -121,530 | – | -0.47% | – |
| WYND | Exit | WYNDHAM WORLDWIDE CORP | $0 | – | -16,175 | – | -0.48% | – |
| WCIC | Exit | WCI CMNTYS INC | $0 | – | -57,315 | – | -0.48% | – |
| MUSA | Exit | MURPHY USA INC | $0 | – | -25,490 | – | -0.50% | – |
| CMRE | Exit | COSTAMARE INC | $0 | – | -59,773 | – | -0.51% | – |
| MEOH | Exit | METHANEX CORP | $0 | – | -22,409 | – | -0.56% | – |
| SBGI | Exit | SINCLAIR BROADCAST GROUP INCcl a | $0 | – | -34,840 | – | -0.57% | – |
| AGO | Exit | ASSURED GUARANTY LTD | $0 | – | -68,325 | – | -0.62% | – |
| SATS | Exit | ECHOSTAR CORPcl a | $0 | – | -32,595 | – | -0.70% | – |
| LBYYQ | Exit | LIBBEY INC | $0 | – | -60,397 | – | -0.70% | – |
| TPX | Exit | TEMPUR SEALY INTL INC | $0 | – | -32,665 | – | -0.70% | – |
| SVU | Exit | SUPERVALU INC | $0 | – | -202,181 | – | -0.81% | – |
| NWSA | Exit | NEWS CORP NEWcl a | $0 | – | -125,117 | – | -0.97% | – |
| TSO | Exit | TESORO CORP | $0 | – | -51,800 | – | -1.10% | – |
| BRSS | Exit | GLOBAL BRASS & COPPR HLDGS I | $0 | – | -152,757 | – | -1.30% | – |
| MU | Exit | MICRON TECHNOLOGY INC | $0 | – | -183,375 | – | -1.55% | – |
| NBG | Exit | NATIONAL BK GREECE S Aspn adr rep 1 sh | $0 | – | -895,872 | – | -1.76% | – |
| GT | Exit | GOODYEAR TIRE & RUBR CO | $0 | – | -163,337 | – | -1.78% | – |
| BRP | Exit | BROOKFIELD RESIDENTIAL PPTYS | $0 | – | -182,526 | – | -2.04% | – |
| VTGDF | Exit | VANTAGE DRILLING COMPANY | $0 | – | -3,131,875 | – | -2.63% | – |
| GM | Exit | GENERAL MTRS CO | $0 | – | -152,149 | – | -2.65% | – |
| TNK | Exit | TEEKAY TANKERS LTDcl a | $0 | – | -3,093,567 | – | -3.93% | – |
| DAL | Exit | DELTA AIR LINES INC DEL | $0 | – | -564,250 | – | -6.46% | – |
| UAL | Exit | UNITED CONTL HLDGS INC | $0 | – | -511,538 | – | -7.62% | – |
| NRG | Exit | NRG ENERGY INC | $0 | – | -591,070 | – | -7.84% | – |
| AIG | Exit | AMERICAN INTL GROUP INC | $0 | – | -455,737 | – | -10.75% | – |
| RFP | Exit | RESOLUTE FST PRODS INC | $0 | – | -1,707,897 | – | -10.95% | – |
| BAC | Exit | BANK OF AMERICA CORPORATION | $0 | – | -1,891,919 | – | -12.66% | – |
| LYB | Exit | LYONDELLBASELL INDUSTRIES N | $0 | – | -436,839 | – | -15.52% | – |
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LYB | Sell | LYONDELLBASELL INDUSTRIES N | $31,990,000 | +7.3% | 436,839 | -2.9% | 15.52% | +8.0% |
| BAC | Sell | BANK OF AMERICA CORPORATION | $26,108,000 | +2.8% | 1,891,919 | -4.2% | 12.66% | +3.4% |
| RFP | Sell | RESOLUTE FST PRODS INC | $22,578,000 | -1.5% | 1,707,897 | -1.9% | 10.95% | -0.9% |
| AIG | Sell | AMERICAN INTL GROUP INC | $22,162,000 | +4.3% | 455,737 | -4.1% | 10.75% | +4.9% |
| NRG | Sell | NRG ENERGY INC | $16,154,000 | -2.7% | 591,070 | -5.0% | 7.84% | -2.1% |
| UAL | Sell | UNITED CONTL HLDGS INC | $15,709,000 | -6.2% | 511,538 | -4.4% | 7.62% | -5.6% |
| TNK | Buy | TEEKAY TANKERS LTDcl a | $8,105,000 | +1.9% | 3,093,567 | +2.3% | 3.93% | +2.5% |
| GT | Sell | GOODYEAR TIRE & RUBR CO | $3,667,000 | +10.8% | 163,337 | -24.5% | 1.78% | +11.5% |
| NBG | New | NATIONAL BK GREECE S Aspn adr rep 1 sh | $3,628,000 | – | 895,872 | – | 1.76% | – |
| MU | New | MICRON TECHNOLOGY INC | $3,203,000 | – | 183,375 | – | 1.55% | – |
| BRSS | New | GLOBAL BRASS & COPPR HLDGS I | $2,679,000 | – | 152,757 | – | 1.30% | – |
| TSO | Buy | TESORO CORP | $2,278,000 | -7.0% | 51,800 | +10.7% | 1.10% | -6.4% |
| NWSA | New | NEWS CORP NEWcl a | $2,009,000 | – | 125,117 | – | 0.97% | – |
| SVU | Sell | SUPERVALU INC | $1,664,000 | -50.1% | 202,181 | -62.3% | 0.81% | -49.8% |
| LBYYQ | Sell | LIBBEY INC | $1,436,000 | -10.5% | 60,397 | -9.7% | 0.70% | -10.0% |
| TPX | Buy | TEMPUR SEALY INTL INC | $1,436,000 | +6.1% | 32,665 | +5.9% | 0.70% | +6.6% |
| SATS | New | ECHOSTAR CORPcl a | $1,432,000 | – | 32,595 | – | 0.70% | – |
| SBGI | New | SINCLAIR BROADCAST GROUP INCcl a | $1,168,000 | – | 34,840 | – | 0.57% | – |
| MEOH | Sell | METHANEX CORP | $1,149,000 | -0.8% | 22,409 | -17.1% | 0.56% | -0.2% |
| MUSA | New | MURPHY USA INC | $1,030,000 | – | 25,490 | – | 0.50% | – |
| WCIC | New | WCI CMNTYS INC | $989,000 | – | 57,315 | – | 0.48% | – |
| MWA | Sell | MUELLER WTR PRODS INC | $971,000 | -10.8% | 121,530 | -22.8% | 0.47% | -10.3% |
| BZH | New | BEAZER HOMES USA INC | $725,000 | – | 40,281 | – | 0.35% | – |
| RTK | Sell | RENTECH INC | $610,000 | -63.1% | 308,058 | -60.9% | 0.30% | -62.9% |
| FRP | Sell | FAIRPOINT COMMUNICATIONS INC | $547,000 | -67.5% | 57,303 | -71.6% | 0.26% | -67.3% |
| CDVIQ | Exit | CAL DIVE INTL INC DEL | $0 | – | -45,201 | – | -0.04% | – |
| GCVRZ | Exit | SANOFIright 12/31/2020 | $0 | – | -460,188 | – | -0.42% | – |
| WPX | Exit | WPX ENERGY INC | $0 | – | -98,450 | – | -0.90% | – |
| NBGPRA | Exit | NATIONAL BK GREECE S Aadr prf ser a | $0 | – | -1,259,120 | – | -7.59% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| LYB | New | LYONDELLBASELL INDUSTRIES N | $29,806,000 | – | 449,840 | – | 14.37% | – |
| BAC | New | BANK OF AMERICA CORPORATION | $25,397,000 | – | 1,974,884 | – | 12.24% | – |
| RFP | New | RESOLUTE FST PRODS INC | $22,928,000 | – | 1,740,906 | – | 11.06% | – |
| AIG | New | AMERICAN INTL GROUP INC | $21,245,000 | – | 475,270 | – | 10.24% | – |
| UAL | New | UNITED CONTL HLDGS INC | $16,747,000 | – | 535,233 | – | 8.07% | – |
| NRG | New | NRG ENERGY INC | $16,604,000 | – | 621,877 | – | 8.00% | – |
| NBGPRA | New | NATIONAL BK GREECE S Aadr prf ser a | $15,739,000 | – | 1,259,120 | – | 7.59% | – |
| DAL | New | DELTA AIR LINES INC DEL | $10,557,000 | – | 564,250 | – | 5.09% | – |
| TNK | New | TEEKAY TANKERS LTDcl a | $7,952,000 | – | 3,023,387 | – | 3.83% | – |
| VTGDF | New | VANTAGE DRILLING COMPANY | $6,389,000 | – | 3,131,875 | – | 3.08% | – |
| GM | New | GENERAL MTRS CO | $5,068,000 | – | 152,149 | – | 2.44% | – |
| BRP | New | BROOKFIELD RESIDENTIAL PPTYS | $4,027,000 | – | 182,526 | – | 1.94% | – |
| SVU | New | SUPERVALU INC | $3,333,000 | – | 535,781 | – | 1.61% | – |
| GT | New | GOODYEAR TIRE & RUBR CO | $3,309,000 | – | 216,272 | – | 1.60% | – |
| TSO | New | TESORO CORP | $2,449,000 | – | 46,800 | – | 1.18% | – |
| WPX | New | WPX ENERGY INC | $1,865,000 | – | 98,450 | – | 0.90% | – |
| FRP | New | FAIRPOINT COMMUNICATIONS INC | $1,682,000 | – | 201,462 | – | 0.81% | – |
| RTK | New | RENTECH INC | $1,655,000 | – | 788,058 | – | 0.80% | – |
| LBYYQ | New | LIBBEY INC | $1,604,000 | – | 66,907 | – | 0.77% | – |
| AGO | New | ASSURED GUARANTY LTD | $1,507,000 | – | 68,325 | – | 0.73% | – |
| TPX | New | TEMPUR PEDIC INTL INC | $1,354,000 | – | 30,845 | – | 0.65% | – |
| MEOH | New | METHANEX CORP | $1,158,000 | – | 27,024 | – | 0.56% | – |
| MWA | New | MUELLER WTR PRODS INC | $1,088,000 | – | 157,500 | – | 0.52% | – |
| CMRE | New | COSTAMARE INC | $1,030,000 | – | 59,773 | – | 0.50% | – |
| WYND | New | WYNDHAM WORLDWIDE CORP | $926,000 | – | 16,175 | – | 0.45% | – |
| GCVRZ | New | SANOFIright 12/31/2020 | $874,000 | – | 460,188 | – | 0.42% | – |
| NLY | New | ANNALY CAP MGMT INC | $523,000 | – | 41,627 | – | 0.25% | – |
| SXCP | New | SUNCOKE ENERGY PARTNERS L P | $507,000 | – | 22,936 | – | 0.24% | – |
| CDVIQ | New | CAL DIVE INTL INC DEL | $85,000 | – | 45,201 | – | 0.04% | – |