$333 Million is the total value of Corsair Capital Management's 61 reported holdings in Q4 2019. The portfolio turnover from Q3 2019 to Q4 2019 was 45.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IAC | Sell | IAC INTERACTIVECORP | $24,818,000 | +8.4% | 99,627 | -5.2% | 7.45% | +5.9% |
| SPXC | Sell | SPX CORP | $21,171,000 | +6.7% | 416,103 | -16.1% | 6.35% | +4.3% |
| WSC | Sell | WILLSCOT CORP | $18,616,000 | +7.9% | 1,006,800 | -9.1% | 5.59% | +5.5% |
| IQV | Sell | IQVIA HLDGS INC | $17,062,000 | -11.0% | 110,429 | -13.9% | 5.12% | -13.0% |
| REPH | Sell | RECRO PHARMA INC | $15,756,000 | +42.7% | 859,568 | -13.7% | 4.73% | +39.5% |
| AON | Sell | AON PLC | $15,400,000 | -22.6% | 73,935 | -28.1% | 4.62% | -24.4% |
| LAUR | Sell | LAUREATE EDUCATION INCcl a | $14,618,000 | -0.2% | 830,097 | -6.1% | 4.39% | -2.5% |
| GDDY | Buy | GODADDY INCcl a | $13,986,000 | +40.7% | 205,912 | +36.7% | 4.20% | +37.5% |
| FMC | Sell | F M C CORP | $12,339,000 | -21.5% | 123,610 | -31.0% | 3.70% | -23.3% |
| INFO | Sell | IHS MARKIT LTD | $12,080,000 | +7.6% | 160,320 | -4.5% | 3.63% | +5.2% |
| VOYA | Sell | VOYA FINL INC | $12,001,000 | -20.1% | 196,808 | -28.7% | 3.60% | -21.9% |
| HGV | Sell | HILTON GRAND VACATIONS INC | $11,060,000 | +2.6% | 321,593 | -4.5% | 3.32% | +0.3% |
| PRSP | Buy | PERSPECTA INC | $10,664,000 | +12.8% | 403,342 | +11.5% | 3.20% | +10.3% |
| CHDN | Sell | CHURCHILL DOWNS INC | $10,214,000 | -7.7% | 74,445 | -17.0% | 3.07% | -9.8% |
| HDS | Sell | HD SUPPLY HLDGS INC | $10,133,000 | -1.8% | 251,932 | -4.4% | 3.04% | -4.0% |
| SPY | Buy | SPDR S&P 500 ETF TRtr unit | $9,818,000 | +9.5% | 30,504 | +0.9% | 2.95% | +7.0% |
| HMHC | New | HOUGHTON MIFFLIN HARCOURT CO | $8,925,000 | – | 1,427,991 | +100.0% | 2.68% | – |
| KRA | Sell | KRATON CORPORATION | $8,646,000 | -38.4% | 341,450 | -21.5% | 2.60% | -39.8% |
| NWSA | Buy | NEWS CORP NEWcl a | $6,866,000 | +10.9% | 485,542 | +9.2% | 2.06% | +8.4% |
| STAY | Sell | EXTENDED STAY AMER INCunit 99/99/9999b | $6,508,000 | -5.3% | 437,946 | -6.7% | 1.95% | -7.5% |
| RHP | Sell | RYMAN HOSPITALITY PPTYS INC | $5,986,000 | -29.8% | 69,070 | -33.7% | 1.80% | -31.3% |
| BXRX | New | BAUDAX BIO INC | $5,679,000 | – | 820,638 | +100.0% | 1.70% | – |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $5,454,000 | +4.9% | 649,231 | -2.2% | 1.64% | +2.5% |
| MSFT | Sell | MICROSOFT CORP | $4,659,000 | +1.7% | 29,541 | -10.3% | 1.40% | -0.6% |
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $4,230,000 | +11.0% | 18,677 | +2.0% | 1.27% | +8.5% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $4,002,000 | +5.0% | 2,988 | -4.3% | 1.20% | +2.6% |
| TROX | Sell | TRONOX HOLDINGS PLC | $3,953,000 | +30.1% | 346,156 | -5.5% | 1.19% | +27.1% |
| IWM | New | ISHARES TRrussell 2000 etf | $3,640,000 | – | 21,974 | +100.0% | 1.09% | – |
| NMRK | Sell | NEWMARK GROUP INCcl a | $3,543,000 | +25.6% | 263,310 | -15.4% | 1.06% | +22.7% |
| IWO | New | ISHARES TRrus 2000 grw etf | $3,412,000 | – | 15,928 | +100.0% | 1.02% | – |
| BH | Buy | BIGLARI HLDGS INC | $3,145,000 | +9.5% | 27,489 | +4.3% | 0.94% | +7.0% |
| MDY | New | SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp | $3,047,000 | – | 8,117 | +100.0% | 0.92% | – |
| C | Buy | CITIGROUP INC | $2,678,000 | +16.5% | 33,517 | +0.7% | 0.80% | +13.9% |
| ATKR | Sell | ATKORE INTL GROUP INC | $2,661,000 | -47.1% | 65,778 | -60.4% | 0.80% | -48.3% |
| MSGS | Sell | MADISON SQUARE GARDEN CO NEWcl a | $1,574,000 | +3.2% | 5,350 | -7.5% | 0.47% | +0.9% |
| CUBI | Buy | CUSTOMERS BANCORP INC | $1,258,000 | +108.3% | 52,839 | +81.5% | 0.38% | +104.3% |
| ECPG | Sell | ENCORE CAP GROUP INC | $1,125,000 | -25.6% | 31,803 | -29.9% | 0.34% | -27.3% |
| EQH | Buy | AXA EQUITABLE HLDGS INC | $1,091,000 | +122.7% | 44,021 | +99.0% | 0.33% | +118.0% |
| FSK | Buy | FS KKR CAPITAL CORP | $1,041,000 | +28.4% | 169,760 | +22.1% | 0.31% | +25.3% |
| DFS | DISCOVER FINL SVCS | $982,000 | +4.6% | 11,580 | 0.0% | 0.30% | +2.4% | |
| STAR | New | ISTAR INC | $797,000 | – | 54,923 | +100.0% | 0.24% | – |
| HHC | Buy | HOWARD HUGHES CORP | $776,000 | -1.4% | 6,122 | +0.8% | 0.23% | -3.7% |
| AER | Sell | AERCAP HOLDINGS NV | $761,000 | +3.8% | 12,373 | -7.5% | 0.23% | +1.3% |
| ALLY | Sell | ALLY FINL INC | $703,000 | -75.5% | 22,997 | -73.4% | 0.21% | -76.0% |
| GLD | Buy | SPDR GOLD TRUST | $687,000 | +3.8% | 4,805 | +0.8% | 0.21% | +1.5% |
| SATS | Sell | ECHOSTAR CORPcl a | $684,000 | +1.0% | 15,797 | -7.5% | 0.20% | -1.4% |
| STT | Sell | STATE STR CORP | $534,000 | +24.5% | 6,755 | -6.9% | 0.16% | +21.2% |
| CASH | Sell | META FINL GROUP INC | $514,000 | +4.0% | 14,086 | -7.0% | 0.15% | +1.3% |
| DSSI | New | DIAMOND S SHIPPING INC | $464,000 | – | 27,693 | +100.0% | 0.14% | – |
| NVGS | Sell | NAVIGATOR HOLDINGS LTD | $433,000 | -23.9% | 32,136 | -39.6% | 0.13% | -25.7% |
| GSL | Buy | GLOBAL SHIP LEASE INC NEW | $432,000 | +16.1% | 48,937 | +0.8% | 0.13% | +14.0% |
| LSXMA | Sell | LIBERTY MEDIA CORP DELAWARE | $387,000 | +8.1% | 8,007 | -6.9% | 0.12% | +5.5% |
| LTHM | Sell | LIVENT CORP | $354,000 | -70.2% | 41,444 | -76.7% | 0.11% | -71.0% |
| MRO | Sell | MARATHON OIL CORP | $323,000 | -8.2% | 5,365 | -7.3% | 0.10% | -10.2% |
| SBLK | New | STAR BULK CARRIERS CORP | $320,000 | – | 27,119 | +100.0% | 0.10% | – |
| BSIG | Sell | BRIGHTSPHERE INVT GROUP INC | $307,000 | -22.7% | 30,069 | -25.0% | 0.09% | -24.6% |
| BHC | New | BAUSCH HEALTH COS INC | $277,000 | – | 9,245 | +100.0% | 0.08% | – |
| BRMK | New | BROADMARK RLTY CAP INC | $256,000 | – | 20,070 | +100.0% | 0.08% | – |
| SMIT | New | SCHMITT INDS INC ORE | $230,000 | – | 59,653 | +100.0% | 0.07% | – |
| METC | Buy | RAMACO RES INC | $80,000 | -3.6% | 22,479 | +0.9% | 0.02% | -4.0% |
| PRTY | New | PARTY CITY HOLDCO INC | $24,000 | – | 10,070 | +100.0% | 0.01% | – |
| REI | Exit | RING ENERGY INC | $0 | – | -24,397 | -100.0% | -0.01% | – |
| VNTR | Exit | VENATOR MATLS PLC | $0 | – | -17,000 | -100.0% | -0.01% | – |
| ROAN | Exit | ROAN RES INC | $0 | – | -55,184 | -100.0% | -0.02% | – |
| BHF | Exit | BRIGHTHOUSE FINL INC | $0 | – | -8,539 | -100.0% | -0.11% | – |
| BLL | Exit | BALL CORP | $0 | – | -5,105 | -100.0% | -0.11% | – |
| GLNG | Exit | GOLAR LNG LTD BERMUDA | $0 | – | -29,034 | -100.0% | -0.12% | – |
| GPRE | Exit | GREEN PLAINS INC | $0 | – | -37,262 | -100.0% | -0.12% | – |
| HYRE | Exit | HYRECAR INC | $0 | – | -170,186 | -100.0% | -0.13% | – |
| DELL | Exit | DELL TECHNOLOGIES INCcl c | $0 | – | -11,751 | -100.0% | -0.19% | – |
| CCK | Exit | CROWN HOLDINGS INC | $0 | – | -9,342 | -100.0% | -0.19% | – |
| ATH | Exit | ATHENE HLDG LTDcl a | $0 | – | -14,881 | -100.0% | -0.19% | – |
| IPI | Exit | INTREPID POTASH INC | $0 | – | -197,317 | -100.0% | -0.20% | – |
| BID | Exit | SOTHEBYS | $0 | – | -11,582 | -100.0% | -0.20% | – |
| AABA | Exit | ALTABA INC | $0 | – | -45,549 | -100.0% | -0.27% | – |
| AXTA | Exit | AXALTA COATING SYS LTD | $0 | – | -30,526 | -100.0% | -0.28% | – |
| FB | Exit | FACEBOOK INCcl a | $0 | – | -5,714 | -100.0% | -0.31% | – |
| AAPL | Exit | APPLE INC | $0 | – | -5,691 | -100.0% | -0.39% | – |
| FCAU | Exit | FIAT CHRYSLER AUTOMOBILES N | $0 | – | -127,459 | -100.0% | -0.51% | – |
| CZR | Exit | CAESARS ENTMT CORP | $0 | – | -212,119 | -100.0% | -0.76% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2020-02-13
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.