$209 Million is the total value of Corsair Capital Management's 53 reported holdings in Q1 2020. The portfolio turnover from Q4 2019 to Q1 2020 was 39.3% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| IAC | Buy | IAC INTERACTIVECORP | $18,105,000 | -27.0% | 101,013 | +1.4% | 8.66% | +16.2% |
| VRT | New | VERTIV HOLDINGS CO | $16,893,000 | – | 1,952,997 | +100.0% | 8.08% | – |
| SPXC | Sell | SPX CORP | $12,593,000 | -40.5% | 385,805 | -7.3% | 6.02% | -5.2% |
| IQV | Buy | IQVIA HLDGS INC | $12,116,000 | -29.0% | 112,327 | +1.7% | 5.79% | +13.1% |
| AON | Sell | AON PLC | $12,063,000 | -21.7% | 73,090 | -1.1% | 5.77% | +24.8% |
| GDDY | Sell | GODADDY INCcl a | $11,332,000 | -19.0% | 198,421 | -3.6% | 5.42% | +29.1% |
| SPY | Buy | SPDR S&P 500 ETF TRtr unit | $11,043,000 | +12.5% | 42,843 | +40.5% | 5.28% | +79.2% |
| WSC | Buy | WILLSCOT CORP | $10,351,000 | -44.4% | 1,021,799 | +1.5% | 4.95% | -11.4% |
| INFO | Buy | IHS MARKIT LTD | $10,287,000 | -14.8% | 171,453 | +6.9% | 4.92% | +35.7% |
| LAUR | Sell | LAUREATE EDUCATION INCcl a | $8,517,000 | -41.7% | 810,360 | -2.4% | 4.07% | -7.2% |
| CHDN | Buy | CHURCHILL DOWNS INC | $8,364,000 | -18.1% | 81,239 | +9.1% | 4.00% | +30.5% |
| VOYA | Sell | VOYA FINANCIAL INC | $7,892,000 | -34.2% | 194,619 | -1.1% | 3.77% | +4.8% |
| PRSP | Buy | PERSPECTA INC | $7,601,000 | -28.7% | 416,716 | +3.3% | 3.64% | +13.6% |
| HDS | Sell | HD SUPPLY HLDGS INC | $6,970,000 | -31.2% | 245,175 | -2.7% | 3.33% | +9.6% |
| MSFT | Buy | MICROSOFT CORP | $6,691,000 | +43.6% | 42,425 | +43.6% | 3.20% | +128.9% |
| FMC | Sell | F M C CORP | $5,157,000 | -58.2% | 63,131 | -48.9% | 2.47% | -33.4% |
| GOOG | Buy | ALPHABET INCcap stk cl c | $4,516,000 | +12.8% | 3,887 | +30.1% | 2.16% | +79.9% |
| NWSA | Sell | NEWS CORP NEWcl a | $4,158,000 | -39.4% | 463,297 | -4.6% | 1.99% | -3.5% |
| HGV | Sell | HILTON GRAND VACATIONS INC | $3,923,000 | -64.5% | 248,775 | -22.6% | 1.88% | -43.5% |
| QQQ | New | INVESCO QQQ TRunit ser 1 | $3,618,000 | – | 19,000 | +100.0% | 1.73% | – |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $3,343,000 | -21.0% | 18,287 | -2.1% | 1.60% | +25.9% |
| REPH | Sell | RECRO PHARMA INC | $2,985,000 | -81.1% | 365,352 | -57.5% | 1.43% | -69.8% |
| HMHC | Buy | HOUGHTON MIFFLIN HARCOURT CO | $2,885,000 | -67.7% | 1,534,349 | +7.4% | 1.38% | -48.5% |
| BXRX | Buy | BAUDAX BIO INC | $2,183,000 | -61.6% | 880,310 | +7.3% | 1.04% | -38.7% |
| C | Sell | CITIGROUP INC | $1,382,000 | -48.4% | 32,815 | -2.1% | 0.66% | -17.8% |
| AAPL | New | APPLE INC | $1,259,000 | – | 4,951 | +100.0% | 0.60% | – |
| BH | Sell | BIGLARI HLDGS INC | $1,175,000 | -62.6% | 22,855 | -16.9% | 0.56% | -40.5% |
| MSGS | Sell | MADISON SQUARE GARDEN CO NEWcl a | $1,074,000 | -31.8% | 5,079 | -5.1% | 0.51% | +8.9% |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $1,069,000 | -80.4% | 610,636 | -5.9% | 0.51% | -68.8% |
| RHP | Sell | RYMAN HOSPITALITY PPTYS INC | $1,032,000 | -82.8% | 28,787 | -58.3% | 0.49% | -72.5% |
| ECPG | Sell | ENCORE CAP GROUP INC | $706,000 | -37.2% | 30,188 | -5.1% | 0.34% | 0.0% |
| CUBI | Buy | CUSTOMERS BANCORP INC | $704,000 | -44.0% | 64,454 | +22.0% | 0.34% | -10.8% |
| GLD | Sell | SPDR GOLD TRUST | $696,000 | +1.3% | 4,704 | -2.1% | 0.33% | +61.7% |
| ATKR | Sell | ATKORE INTL GROUP INC | $657,000 | -75.3% | 31,161 | -52.6% | 0.31% | -60.7% |
| NMRK | Sell | NEWMARK GROUP INCcl a | $640,000 | -81.9% | 150,635 | -42.8% | 0.31% | -71.2% |
| TROX | Sell | TRONOX HOLDINGS PLC | $596,000 | -84.9% | 119,652 | -65.4% | 0.28% | -76.0% |
| STAY | Sell | EXTENDED STAY AMER INCunit 99/99/9999b | $532,000 | -91.8% | 72,834 | -83.4% | 0.25% | -87.0% |
| KRA | Sell | KRATON CORPORATION | $524,000 | -93.9% | 64,751 | -81.0% | 0.25% | -90.3% |
| CHNG | New | CHANGE HEALTHCARE INC | $489,000 | – | 48,994 | +100.0% | 0.23% | – |
| STAR | Sell | ISTAR INC | $429,000 | -46.2% | 40,418 | -26.4% | 0.20% | -14.2% |
| DFS | Sell | DISCOVER FINL SVCS | $407,000 | -58.6% | 11,423 | -1.4% | 0.20% | -33.9% |
| STT | Sell | STATE STR CORP | $342,000 | -36.0% | 6,413 | -5.1% | 0.16% | +2.5% |
| FSK | Sell | FS KKR CAPITAL CORP | $333,000 | -68.0% | 111,165 | -34.5% | 0.16% | -49.0% |
| HHC | Sell | HOWARD HUGHES CORP | $294,000 | -62.1% | 5,812 | -5.1% | 0.14% | -39.5% |
| SMIT | Buy | SCHMITT INDS INC ORE | $280,000 | +21.7% | 101,992 | +71.0% | 0.13% | +94.2% |
| SATS | Sell | ECHOSTAR CORPcl a | $206,000 | -69.9% | 6,456 | -59.1% | 0.10% | -51.7% |
| CC | New | CHEMOURS CO | $174,000 | – | 19,598 | +100.0% | 0.08% | – |
| PSEC | New | PROSPECT CAPITAL CORPORATION | $149,000 | – | 35,000 | +100.0% | 0.07% | – |
| GSL | Sell | GLOBAL SHIP LEASE INC NEW | $121,000 | -72.0% | 32,600 | -33.4% | 0.06% | -55.4% |
| NVGS | Sell | NAVIGATOR HOLDINGS LTD | $92,000 | -78.8% | 20,632 | -35.8% | 0.04% | -66.2% |
| BBCP | New | CONCRETE PUMPING HLDGS INC | $57,000 | – | 19,808 | +100.0% | 0.03% | – |
| METC | Sell | RAMACO RES INC | $51,000 | -36.2% | 21,359 | -5.0% | 0.02% | 0.0% |
| FVE | New | FIVE STAR SENIOR LIVING INC | $43,000 | – | 15,391 | +100.0% | 0.02% | – |
| PRTY | Exit | PARTY CITY HOLDCO INC | $0 | – | -10,070 | -100.0% | -0.01% | – |
| BRMK | Exit | BROADMARK RLTY CAP INC | $0 | – | -20,070 | -100.0% | -0.08% | – |
| BHC | Exit | BAUSCH HEALTH COS INC | $0 | – | -9,245 | -100.0% | -0.08% | – |
| BSIG | Exit | BRIGHTSPHERE INVT GROUP INC | $0 | – | -30,069 | -100.0% | -0.09% | – |
| SBLK | Exit | STAR BULK CARRIERS CORP | $0 | – | -27,119 | -100.0% | -0.10% | – |
| MRO | Exit | MARATHON OIL CORP | $0 | – | -5,365 | -100.0% | -0.10% | – |
| LTHM | Exit | LIVENT CORP | $0 | – | -41,444 | -100.0% | -0.11% | – |
| LSXMA | Exit | LIBERTY MEDIA CORP DELAWARE | $0 | – | -8,007 | -100.0% | -0.12% | – |
| DSSI | Exit | DIAMOND S SHIPPING INC | $0 | – | -27,693 | -100.0% | -0.14% | – |
| CASH | Exit | META FINL GROUP INC | $0 | – | -14,086 | -100.0% | -0.15% | – |
| ALLY | Exit | ALLY FINL INC | $0 | – | -22,997 | -100.0% | -0.21% | – |
| AER | Exit | AERCAP HOLDINGS NV | $0 | – | -12,373 | -100.0% | -0.23% | – |
| EQH | Exit | AXA EQUITABLE HLDGS INC | $0 | – | -44,021 | -100.0% | -0.33% | – |
| MDY | Exit | SPDR S&P MIDCAP 400 ETF TRutser1 s&pdcrp | $0 | – | -8,117 | -100.0% | -0.92% | – |
| IWO | Exit | ISHARES TRrus 2000 grw etf | $0 | – | -15,928 | -100.0% | -1.02% | – |
| IWM | Exit | ISHARES TRrussell 2000 etf | $0 | – | -21,974 | -100.0% | -1.09% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2020-05-14
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.