$326 Million is the total value of Corsair Capital Management's 68 reported holdings in Q3 2019. The portfolio turnover from Q2 2019 to Q3 2019 was 32.3% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IAC | Sell | IAC INTERACTIVECORP | $22,902,000 | -6.3% | 105,070 | -6.5% | 7.03% | -1.6% |
| AON | Sell | AON PLC | $19,908,000 | -6.4% | 102,844 | -6.7% | 6.11% | -1.7% |
| SPXC | Sell | SPX CORP | $19,839,000 | +14.0% | 495,859 | -5.9% | 6.09% | +19.7% |
| IQV | Sell | IQVIA HLDGS INC | $19,168,000 | -13.9% | 128,317 | -7.3% | 5.89% | -9.6% |
| WSC | Sell | WILLSCOT CORP | $17,252,000 | -2.9% | 1,107,347 | -6.2% | 5.30% | +2.0% |
| FMC | Sell | F M C CORP | $15,710,000 | -7.1% | 179,172 | -12.1% | 4.82% | -2.4% |
| VOYA | Sell | VOYA FINL INC | $15,019,000 | -14.6% | 275,880 | -13.3% | 4.61% | -10.4% |
| LAUR | Sell | LAUREATE EDUCATION INCcl a | $14,650,000 | +4.0% | 883,843 | -1.5% | 4.50% | +9.1% |
| KRA | Sell | KRATON CORPORATION | $14,043,000 | -7.9% | 434,905 | -11.4% | 4.31% | -3.3% |
| INFO | Sell | IHS MARKIT LTD | $11,222,000 | -2.8% | 167,797 | -7.4% | 3.45% | +2.0% |
| CHDN | Sell | CHURCHILL DOWNS INC | $11,070,000 | -1.6% | 89,671 | -8.2% | 3.40% | +3.4% |
| REPH | Buy | RECRO PHARMA INC | $11,039,000 | +46.1% | 996,281 | +34.1% | 3.39% | +53.4% |
| HGV | Sell | HILTON GRAND VACATIONS INC | $10,777,000 | -14.5% | 336,793 | -15.0% | 3.31% | -10.3% |
| HDS | Sell | HD SUPPLY HLDGS INC | $10,319,000 | -10.0% | 263,413 | -7.5% | 3.17% | -5.5% |
| GDDY | New | GODADDY INCcl a | $9,939,000 | – | 150,641 | +100.0% | 3.05% | – |
| PRSP | Sell | PERSPECTA INC | $9,453,000 | +10.5% | 361,902 | -1.0% | 2.90% | +16.0% |
| SPY | Sell | SPDR S&P 500 ETF TRtr unit | $8,970,000 | -1.3% | 30,225 | -2.5% | 2.76% | +3.6% |
| RHP | Sell | RYMAN HOSPITALITY PPTYS INC | $8,523,000 | -14.3% | 104,179 | -15.0% | 2.62% | -10.0% |
| STAY | Sell | EXTENDED STAY AMER INCunit 99/99/9999b | $6,875,000 | -17.8% | 469,608 | -5.1% | 2.11% | -13.7% |
| NWSA | New | NEWS CORP NEWcl a | $6,189,000 | – | 444,588 | +100.0% | 1.90% | – |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $5,199,000 | +1.2% | 664,047 | -0.3% | 1.60% | +6.3% |
| ATKR | Sell | ATKORE INTL GROUP INC | $5,035,000 | -10.3% | 165,905 | -23.5% | 1.55% | -5.8% |
| MSFT | Sell | MICROSOFT CORP | $4,580,000 | -4.0% | 32,943 | -7.5% | 1.41% | +0.9% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $3,811,000 | +4.3% | 3,121 | -7.5% | 1.17% | +9.4% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $3,810,000 | -4.6% | 18,316 | -2.3% | 1.17% | +0.1% |
| TROX | Sell | TRONOX HOLDINGS PLC | $3,039,000 | -40.4% | 366,156 | -8.2% | 0.93% | -37.4% |
| BH | Buy | BIGLARI HLDGS INC | $2,872,000 | +109.2% | 26,346 | +99.3% | 0.88% | +119.4% |
| ALLY | Sell | ALLY FINL INC | $2,867,000 | +1.0% | 86,446 | -5.6% | 0.88% | +6.0% |
| NMRK | Sell | NEWMARK GROUP INCcl a | $2,820,000 | -6.4% | 311,226 | -7.2% | 0.87% | -1.7% |
| CZR | New | CAESARS ENTMT CORP | $2,473,000 | – | 212,119 | +100.0% | 0.76% | – |
| C | Sell | CITIGROUP INC | $2,299,000 | -5.7% | 33,281 | -4.4% | 0.71% | -1.0% |
| FCAU | Sell | FIAT CHRYSLER AUTOMOBILES N | $1,651,000 | -12.4% | 127,459 | -6.6% | 0.51% | -8.0% |
| MSGS | Sell | MADISON SQUARE GARDEN CO NEWcl a | $1,525,000 | -10.0% | 5,786 | -4.4% | 0.47% | -5.6% |
| ECPG | Sell | ENCORE CAP GROUP INC | $1,513,000 | -11.0% | 45,397 | -9.6% | 0.46% | -6.4% |
| AAPL | Sell | APPLE INC | $1,275,000 | +4.8% | 5,691 | -7.5% | 0.39% | +10.1% |
| LTHM | Sell | LIVENT CORP | $1,188,000 | -11.8% | 177,649 | -8.7% | 0.36% | -7.4% |
| FB | Sell | FACEBOOK INCcl a | $1,018,000 | -13.6% | 5,714 | -6.4% | 0.31% | -9.3% |
| DFS | Sell | DISCOVER FINL SVCS | $939,000 | -0.1% | 11,580 | -4.4% | 0.29% | +4.7% |
| AXTA | Sell | AXALTA COATING SYS LTD | $920,000 | -27.5% | 30,526 | -28.4% | 0.28% | -23.7% |
| AABA | Sell | ALTABA INC | $887,000 | -73.7% | 45,549 | -6.2% | 0.27% | -72.4% |
| FSK | Buy | FS KKR CAPITAL CORP | $811,000 | +94.5% | 139,044 | +98.6% | 0.25% | +104.1% |
| HHC | Sell | HOWARD HUGHES CORP | $787,000 | 0.0% | 6,076 | -4.4% | 0.24% | +5.2% |
| AER | Sell | AERCAP HOLDINGS NV | $733,000 | +0.7% | 13,379 | -4.5% | 0.22% | +5.6% |
| SATS | Buy | ECHOSTAR CORPcl a | $677,000 | +94.5% | 17,081 | +117.5% | 0.21% | +103.9% |
| BID | Sell | SOTHEBYS | $660,000 | -33.7% | 11,582 | -32.4% | 0.20% | -30.2% |
| GLD | Sell | SPDR GOLD TRUST | $662,000 | -0.3% | 4,769 | -4.4% | 0.20% | +4.6% |
| IPI | Buy | INTREPID POTASH INC | $645,000 | +446.6% | 197,317 | +461.2% | 0.20% | +465.7% |
| ATH | Sell | ATHENE HLDG LTDcl a | $626,000 | -66.6% | 14,881 | -65.8% | 0.19% | -65.0% |
| CCK | New | CROWN HOLDINGS INC | $617,000 | – | 9,342 | +100.0% | 0.19% | – |
| DELL | Sell | DELL TECHNOLOGIES INCcl c | $609,000 | -2.4% | 11,751 | -4.4% | 0.19% | +2.2% |
| CUBI | Sell | CUSTOMERS BANCORP INC | $604,000 | -3.7% | 29,119 | -2.4% | 0.18% | +1.1% |
| NVGS | Sell | NAVIGATOR HOLDINGS LTD | $569,000 | -4.2% | 53,237 | -16.1% | 0.18% | +0.6% |
| CASH | Sell | META FINL GROUP INC | $494,000 | +13.6% | 15,148 | -2.4% | 0.15% | +19.7% |
| EQH | Buy | AXA EQUITABLE HLDGS INC | $490,000 | +88.5% | 22,125 | +78.1% | 0.15% | +97.4% |
| STT | Sell | STATE STR CORP | $429,000 | +2.9% | 7,256 | -2.4% | 0.13% | +8.2% |
| HYRE | New | HYRECAR INC | $425,000 | – | 170,186 | +100.0% | 0.13% | – |
| BSIG | New | BRIGHTSPHERE INVT GROUP INC | $397,000 | – | 40,069 | +100.0% | 0.12% | – |
| GPRE | New | GREEN PLAINS INC | $395,000 | – | 37,262 | +100.0% | 0.12% | – |
| GLNG | New | GOLAR LNG LTD BERMUDA | $377,000 | – | 29,034 | +100.0% | 0.12% | – |
| BLL | Sell | BALL CORP | $372,000 | -96.9% | 5,105 | -97.0% | 0.11% | -96.7% |
| GSL | Sell | GLOBAL SHIP LEASE INC NEW | $372,000 | -3.9% | 48,569 | -7.4% | 0.11% | +0.9% |
| LSXMA | Sell | LIBERTY MEDIA CORP DELAWARE | $358,000 | +7.5% | 8,600 | -2.4% | 0.11% | +13.4% |
| MRO | Sell | MARATHON OIL CORP | $352,000 | +6.3% | 5,788 | -2.4% | 0.11% | +11.3% |
| BHF | New | BRIGHTHOUSE FINL INC | $346,000 | – | 8,539 | +100.0% | 0.11% | – |
| METC | New | RAMACO RES INC | $83,000 | – | 22,286 | +100.0% | 0.02% | – |
| ROAN | Sell | ROAN RES INC | $68,000 | -41.4% | 55,184 | -17.4% | 0.02% | -38.2% |
| VNTR | New | VENATOR MATLS PLC | $41,000 | – | 17,000 | +100.0% | 0.01% | – |
| REI | New | RING ENERGY INC | $40,000 | – | 24,397 | +100.0% | 0.01% | – |
| ADT | Exit | ADT INC | $0 | – | -25,000 | -100.0% | -0.04% | – |
| CLF | Exit | CLEVELAND CLIFFS INC | $0 | – | -30,000 | -100.0% | -0.09% | – |
| MFIN | Exit | MEDALLION FINL CORP | $0 | – | -64,307 | -100.0% | -0.13% | – |
| SRC | Exit | SPIRIT RLTY CAP INC NEW | $0 | – | -10,457 | -100.0% | -0.13% | – |
| STMP | Exit | STAMPS COM INC | $0 | – | -10,000 | -100.0% | -0.13% | – |
| BSIG | Exit | BRIGHTSPHERE INVESTMNT GRP P | $0 | – | -43,985 | -100.0% | -0.15% | – |
| TIVO | Exit | TIVO CORP | $0 | – | -75,257 | -100.0% | -0.16% | – |
| Exit | CAESARS ENTMT CORPnote 5.000%10/0 | $0 | – | -232,098 | -100.0% | -0.80% | – | |
| FLEX | Exit | FLEX LTDord | $0 | – | -461,109 | -100.0% | -1.29% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2019-11-13
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.