$342 Million is the total value of Corsair Capital Management's 65 reported holdings in Q2 2019. The portfolio turnover from Q1 2019 to Q2 2019 was 38.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IAC | Sell | IAC INTERACTIVECORP | $24,434,000 | -0.8% | 112,327 | -4.2% | 7.15% | -5.5% |
| IQV | Sell | IQVIA HLDGS INC | $22,261,000 | +4.1% | 138,354 | -6.9% | 6.51% | -0.7% |
| AON | Sell | AON PLC | $21,268,000 | +6.1% | 110,206 | -6.2% | 6.22% | +1.1% |
| WSC | Sell | WILLSCOT CORP | $17,762,000 | +26.3% | 1,180,995 | -6.9% | 5.20% | +20.4% |
| VOYA | Sell | VOYA FINL INC | $17,595,000 | +1.9% | 318,180 | -8.0% | 5.15% | -2.9% |
| SPXC | Sell | SPX CORP | $17,402,000 | -13.1% | 527,007 | -8.4% | 5.09% | -17.2% |
| FMC | New | F M C CORP | $16,908,000 | – | 203,833 | +100.0% | 4.95% | – |
| KRA | Buy | KRATON CORPORATION | $15,247,000 | +50.3% | 490,737 | +55.7% | 4.46% | +43.3% |
| LAUR | Buy | LAUREATE EDUCATION INCcl a | $14,093,000 | +21.5% | 897,042 | +15.8% | 4.12% | +15.8% |
| HGV | Sell | HILTON GRAND VACATIONS INC | $12,611,000 | -3.1% | 396,329 | -6.1% | 3.69% | -7.7% |
| BLL | Sell | BALL CORP | $11,924,000 | -3.6% | 170,361 | -20.3% | 3.49% | -8.1% |
| INFO | Sell | IHS MARKIT LTD | $11,543,000 | +9.3% | 181,153 | -6.7% | 3.38% | +4.2% |
| HDS | Sell | HD SUPPLY HLDGS INC | $11,465,000 | -13.2% | 284,644 | -6.6% | 3.35% | -17.2% |
| CHDN | Sell | CHURCHILL DOWNS INC | $11,245,000 | -15.6% | 97,727 | -33.8% | 3.29% | -19.6% |
| RHP | Sell | RYMAN HOSPITALITY PPTYS INC | $9,941,000 | -9.0% | 122,591 | -6.7% | 2.91% | -13.3% |
| SPY | Sell | SPDR S&P 500 ETF TRtr unit | $9,085,000 | -8.1% | 31,006 | -11.0% | 2.66% | -12.4% |
| PRSP | Buy | PERSPECTA INC | $8,555,000 | +16.9% | 365,448 | +1.3% | 2.50% | +11.5% |
| STAY | Buy | EXTENDED STAY AMER INCunit 99/99/9999b | $8,359,000 | +2.4% | 494,912 | +8.9% | 2.44% | -2.4% |
| REPH | New | RECRO PHARMA INC | $7,555,000 | – | 742,900 | +100.0% | 2.21% | – |
| ATKR | Sell | ATKORE INTL GROUP INC | $5,612,000 | +6.8% | 216,939 | -11.1% | 1.64% | +1.8% |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $5,135,000 | -6.7% | 666,029 | -7.7% | 1.50% | -11.1% |
| TROX | New | TRONOX HOLDINGS PLC | $5,098,000 | – | 398,913 | +100.0% | 1.49% | – |
| MSFT | Sell | MICROSOFT CORP | $4,770,000 | -6.6% | 35,608 | -17.8% | 1.40% | -11.0% |
| FLEX | Buy | FLEX LTDord | $4,413,000 | +9.6% | 461,109 | +14.5% | 1.29% | +4.4% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $3,995,000 | -2.3% | 18,741 | -7.9% | 1.17% | -6.9% |
| GOOG | New | ALPHABET INCcap stk cl c | $3,654,000 | – | 3,375 | +100.0% | 1.07% | – |
| AABA | Sell | ALTABA INC | $3,369,000 | -12.7% | 48,564 | -6.7% | 0.99% | -16.7% |
| NMRK | Sell | NEWMARK GROUP INCcl a | $3,012,000 | +0.3% | 335,461 | -6.8% | 0.88% | -4.4% |
| ALLY | Sell | ALLY FINL INC | $2,839,000 | +2.3% | 91,619 | -9.2% | 0.83% | -2.5% |
| Sell | CAESARS ENTMT CORPnote 5.000%10/0 | $2,743,000 | -64.7% | 232,098 | -74.1% | 0.80% | -66.4% | |
| C | Sell | CITIGROUP INC | $2,439,000 | +0.2% | 34,823 | -11.0% | 0.71% | -4.6% |
| FCAU | Sell | FIAT CHRYSLER AUTOMOBILES N | $1,885,000 | -17.3% | 136,420 | -11.1% | 0.55% | -21.2% |
| ATH | Sell | ATHENE HLDG LTDcl a | $1,876,000 | -7.9% | 43,570 | -12.7% | 0.55% | -12.2% |
| ECPG | Sell | ENCORE CAP GROUP INC | $1,700,000 | +10.7% | 50,200 | -11.0% | 0.50% | +5.5% |
| MSGS | Sell | MADISON SQUARE GARDEN CO NEWcl a | $1,694,000 | -15.0% | 6,053 | -11.0% | 0.50% | -19.0% |
| BH | Buy | BIGLARI HLDGS INC | $1,373,000 | +563.3% | 13,219 | +801.1% | 0.40% | +528.1% |
| LTHM | Sell | LIVENT CORP | $1,347,000 | -46.2% | 194,597 | -4.6% | 0.39% | -48.8% |
| AXTA | Sell | AXALTA COATING SYS LTD | $1,269,000 | -59.4% | 42,617 | -65.6% | 0.37% | -61.3% |
| AAPL | Sell | APPLE INC | $1,217,000 | -1.9% | 6,151 | -5.8% | 0.36% | -6.6% |
| FB | Sell | FACEBOOK INCcl a | $1,178,000 | +10.3% | 6,106 | -4.7% | 0.34% | +5.2% |
| BID | New | SOTHEBYS | $995,000 | – | 17,121 | +100.0% | 0.29% | – |
| DFS | Sell | DISCOVER FINL SVCS | $940,000 | -1.7% | 12,114 | -9.8% | 0.28% | -6.1% |
| HHC | Sell | HOWARD HUGHES CORP | $787,000 | +1.5% | 6,356 | -9.8% | 0.23% | -3.4% |
| AER | Sell | AERCAP HOLDINGS NV | $728,000 | -16.8% | 14,003 | -25.5% | 0.21% | -20.8% |
| GLD | Sell | SPDR GOLD TRUST | $664,000 | -1.5% | 4,987 | -9.8% | 0.19% | -6.3% |
| DELL | Sell | DELL TECHNOLOGIES INCcl c | $624,000 | -22.0% | 12,292 | -9.8% | 0.18% | -25.6% |
| CUBI | Buy | CUSTOMERS BANCORP INC | $627,000 | +23.9% | 29,840 | +8.0% | 0.18% | +18.1% |
| NVGS | New | NAVIGATOR HOLDINGS LTD | $594,000 | – | 63,453 | +100.0% | 0.17% | – |
| TIVO | Sell | TIVO CORP | $555,000 | -32.8% | 75,257 | -15.1% | 0.16% | -36.2% |
| BSIG | Sell | BRIGHTSPHERE INVESTMNT GRP P | $502,000 | -17.6% | 43,985 | -2.0% | 0.15% | -21.4% |
| STMP | New | STAMPS COM INC | $453,000 | – | 10,000 | +100.0% | 0.13% | – |
| SRC | Sell | SPIRIT RLTY CAP INC NEW | $446,000 | -2.6% | 10,457 | -7.9% | 0.13% | -7.8% |
| CASH | New | META FINL GROUP INC | $435,000 | – | 15,524 | +100.0% | 0.13% | – |
| MFIN | Sell | MEDALLION FINL CORP | $433,000 | -10.2% | 64,307 | -7.9% | 0.13% | -14.2% |
| STT | Sell | STATE STR CORP | $417,000 | -22.1% | 7,436 | -7.9% | 0.12% | -25.6% |
| FSK | New | FS KKR CAPITAL CORP | $417,000 | – | 70,000 | +100.0% | 0.12% | – |
| GSL | Buy | GLOBAL SHIP LEASE INC NEW | $387,000 | +56.0% | 52,461 | +22.7% | 0.11% | +48.7% |
| SATS | Sell | ECHOSTAR CORPcl a | $348,000 | +11.9% | 7,852 | -7.9% | 0.10% | +7.4% |
| MRO | Sell | MARATHON OIL CORP | $331,000 | -14.0% | 5,932 | -7.9% | 0.10% | -17.8% |
| LSXMA | Sell | LIBERTY MEDIA CORP DELAWARE | $333,000 | -8.8% | 8,814 | -7.9% | 0.10% | -13.4% |
| CLF | New | CLEVELAND CLIFFS INC | $320,000 | – | 30,000 | +100.0% | 0.09% | – |
| EQH | Sell | AXA EQUITABLE HLDGS INC | $260,000 | -31.8% | 12,426 | -34.3% | 0.08% | -35.0% |
| ADT | New | ADT INC | $153,000 | – | 25,000 | +100.0% | 0.04% | – |
| IPI | Sell | INTREPID POTASH INC | $118,000 | -79.0% | 35,162 | -76.3% | 0.04% | -79.7% |
| ROAN | Buy | ROAN RES INC | $116,000 | -54.3% | 66,805 | +60.7% | 0.03% | -56.4% |
| FREDQ | Exit | FREDS INCcl a | $0 | – | -13,845 | -100.0% | -0.01% | – |
| CNX | Exit | CNX RESOURCES CORPORATION | $0 | – | -18,694 | -100.0% | -0.06% | – |
| JEF | Exit | JEFFERIES FINL GROUP INC | $0 | – | -11,355 | -100.0% | -0.06% | – |
| GPRE | Exit | GREEN PLAINS INC | $0 | – | -14,194 | -100.0% | -0.07% | – |
| SRG | Exit | SERITAGE GROWTH PPTYScl a | $0 | – | -5,970 | -100.0% | -0.08% | – |
| SRI | Exit | STONERIDGE INC | $0 | – | -11,355 | -100.0% | -0.10% | – |
| MU | Exit | MICRON TECHNOLOGY INC | $0 | – | -10,803 | -100.0% | -0.14% | – |
| TOL | Exit | TOLL BROTHERS INC | $0 | – | -15,132 | -100.0% | -0.17% | – |
| KAR | Exit | KAR AUCTION SVCS INC | $0 | – | -10,955 | -100.0% | -0.17% | – |
| NOMD | Exit | NOMAD FOODS LTD | $0 | – | -37,403 | -100.0% | -0.24% | – |
| CHL | Exit | CHINA MOBILE LIMITEDsponsored adr | $0 | – | -18,693 | -100.0% | -0.29% | – |
| CC | Exit | CHEMOURS CO | $0 | – | -26,491 | -100.0% | -0.30% | – |
| HUN | Exit | HUNTSMAN CORP | $0 | – | -55,260 | -100.0% | -0.38% | – |
| ARMK | Exit | ARAMARK | $0 | – | -93,835 | -100.0% | -0.85% | – |
| TROX | Exit | TRONOX LTD | $0 | – | -267,606 | -100.0% | -1.08% | – |
| GOOGL | Exit | ALPHABET INCcap stk cl a | $0 | – | -4,249 | -100.0% | -1.54% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2019-08-13
Signatures
The EDGAR filing(s) were signed by:
About Corsair Capital Management
Corsair Capital Management is a New York-based investment firm that specializes in the financial services industry. The firm was founded in 1992 by Jay Petschek and has since grown to manage over $1 billion in assets. Corsair Capital Management has a team of experienced professionals, including CEO and Managing Partner, Jeremy Schein, COO, Michael Flynn, and Chief Investment Officer, Steve Berger.
Corsair Capital Management has a long history of investing in financial services companies, including banks, insurance companies, and asset managers. The firm takes a long-term approach to investing and seeks to identify companies with strong management teams, competitive advantages, and attractive growth prospects.
One of Corsair Capital Management's most successful investments was in the insurance company, Validus Holdings. The firm invested in Validus in 2005 and helped the company grow through a series of acquisitions. In 2018, Validus was acquired by American International Group for $5.6 billion, generating a significant return for Corsair Capital Management and its investors.
Overall, Corsair Capital Management has a strong track record of investing in the financial services industry and has demonstrated the ability to identify attractive investment opportunities. However, as with any investment, there are risks involved, and investors should carefully consider their investment objectives and risk tolerance before investing in any fund managed by Corsair Capital Management.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| SPDR S&P 500 ETF TR | 42 | Q3 2023 | 6.2% |
| BERKSHIRE HATHAWAY INC DEL | 42 | Q3 2023 | 2.5% |
| DISCOVER FINL SVCS | 42 | Q3 2023 | 0.6% |
| SPDR GOLD TRUST | 42 | Q3 2023 | 0.7% |
| VOYA FINL INC | 38 | Q3 2023 | 5.9% |
| CITIGROUP INC | 35 | Q1 2022 | 1.1% |
| MADISON SQUARE GRDN SPRT COR | 31 | Q3 2023 | 1.0% |
| STATE STREET CORP | 31 | Q4 2020 | 0.9% |
| AON PLC | 29 | Q2 2020 | 6.5% |
| HD SUPPLY HOLDINGS INC. | 29 | Q3 2020 | 4.4% |
View Corsair Capital Management's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| CompoSecure, Inc.Sold out | February 11, 2022 | 0 | 0.0% |
| Juniper Industrial Holdings, Inc.Sold out | February 11, 2022 | 0 | 0.0% |
| OppFi Inc.Sold out | February 11, 2022 | 0 | 0.0% |
| Baudax Bio, Inc. | February 16, 2021 | 34,160 | - |
| Danimer Scientific, Inc. | January 25, 2021 | 837,394 | 1.0% |
| Live Oak Acquisition Corp | October 22, 2020 | 837,394 | 4.2% |
| Baudax Bio, Inc. | February 13, 2020 | 332,816 | 3.6% |
| GLOBE SPECIALTY METALS INCSold out | February 16, 2016 | 0 | 0.0% |
| REPUBLIC AIRWAYS HOLDINGS INCSold out | February 16, 2016 | 0 | 0.0% |
| TRIMEDYNE INC | February 13, 2015 | 419,693 | 2.3% |
View Corsair Capital Management's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| SC 13G/A | 2024-02-14 |
| 13F-HR | 2023-11-13 |
| 13F-HR | 2023-08-14 |
| 13F-HR | 2023-05-12 |
| SC 13G | 2023-03-08 |
| SC 13G/A | 2023-02-14 |
| 13F-HR | 2023-02-14 |
| 13F-HR | 2022-11-14 |
View Corsair Capital Management's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.