$280 Million is the total value of Corsair Capital Management's 54 reported holdings in Q3 2020. The portfolio turnover from Q2 2020 to Q3 2020 was 55.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VRT | Buy | VERTIV HOLDINGS CO | $35,095,000 | +30.1% | 2,026,290 | +1.9% | 12.52% | +13.5% |
| WSC | Sell | WILLSCOT CORP | $23,596,000 | +33.1% | 1,414,639 | -1.9% | 8.42% | +16.1% |
| GDDY | Buy | GODADDY INCcl a | $22,188,000 | +35.5% | 292,058 | +30.8% | 7.91% | +18.2% |
| IAC | New | IAC INTERACTIVECORP NEW | $18,119,000 | – | 151,273 | +100.0% | 6.46% | – |
| PSTH | New | PERSHING SQUARE TONTINE HLDG | $17,527,000 | – | 772,435 | +100.0% | 6.25% | – |
| SPXC | Sell | SPX CORP | $16,679,000 | +11.7% | 359,615 | -0.9% | 5.95% | -2.6% |
| IQV | Sell | IQVIA HLDGS INC | $16,353,000 | +4.3% | 103,741 | -6.1% | 5.83% | -9.0% |
| AON | New | AON PLC | $14,719,000 | – | 71,349 | +100.0% | 5.25% | – |
| SPY | Sell | SPDR S&P 500 ETF TRtr unit | $13,337,000 | +8.4% | 39,825 | -0.2% | 4.76% | -5.5% |
| INFO | Sell | IHS MARKIT LTD | $13,155,000 | +3.2% | 167,553 | -0.7% | 4.69% | -10.0% |
| MTCH | New | MATCH GROUP INC NEW | $11,682,000 | – | 105,576 | +100.0% | 4.17% | – |
| HDS | Sell | HD SUPPLY HLDGS INC | $9,440,000 | +17.5% | 228,896 | -1.2% | 3.37% | +2.5% |
| CHDN | Sell | CHURCHILL DOWNS INC | $9,288,000 | +22.3% | 56,695 | -0.6% | 3.31% | +6.6% |
| MSFT | Sell | MICROSOFT CORP | $8,727,000 | +2.7% | 41,492 | -0.7% | 3.11% | -10.5% |
| VOYA | Sell | VOYA FINANCIAL INC | $8,401,000 | -6.0% | 175,281 | -8.5% | 3.00% | -18.0% |
| PRSP | Sell | PERSPECTA INC | $7,930,000 | -16.8% | 407,709 | -0.6% | 2.83% | -27.5% |
| BRKB | Sell | BERKSHIRE HATHAWAY INC DELcl b new | $3,886,000 | +17.8% | 18,251 | -1.2% | 1.39% | +2.7% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $3,721,000 | +2.6% | 2,539 | -0.7% | 1.33% | -10.5% |
| FMC | Sell | F M C CORP | $3,480,000 | +5.5% | 32,860 | -0.7% | 1.24% | -8.0% |
| NWSA | Sell | NEWS CORP NEWcl a | $3,005,000 | +17.5% | 214,331 | -0.6% | 1.07% | +2.5% |
| AAPL | Buy | APPLE INC | $2,244,000 | +26.1% | 19,377 | +297.4% | 0.80% | +9.9% |
| CC | Sell | CHEMOURS CO | $1,811,000 | +35.3% | 86,601 | -0.7% | 0.65% | +17.9% |
| BH | Sell | BIGLARI HLDGS INC | $1,665,000 | +5.3% | 18,706 | -18.4% | 0.59% | -8.2% |
| QQQ | Sell | INVESCO QQQ TRunit ser 1 | $1,414,000 | -66.5% | 5,088 | -70.1% | 0.50% | -70.8% |
| BXRX | Sell | BAUDAX BIO INC | $1,199,000 | -66.8% | 432,752 | -50.3% | 0.43% | -71.0% |
| ECPG | New | ENCORE CAP GROUP INC | $838,000 | – | 21,703 | +100.0% | 0.30% | – |
| GLD | SPDR GOLD SHARES | $812,000 | +5.9% | 4,582 | 0.0% | 0.29% | -7.6% | |
| BERY | New | BERRY GLOBAL GROUP INC | $773,000 | – | 16,000 | +100.0% | 0.28% | – |
| CCK | New | CROWN HLDGS INC | $758,000 | – | 9,865 | +100.0% | 0.27% | – |
| APG | New | API GROUP CORP | $707,000 | – | 49,718 | +100.0% | 0.25% | – |
| PCG | New | PG&E CORP | $695,000 | – | 73,985 | +100.0% | 0.25% | – |
| NATR | Buy | NATURES SUNSHINE PRODS INC | $690,000 | +443.3% | 59,642 | +321.8% | 0.25% | +373.1% |
| PSTHWS | New | PERSHING SQUARE TONTINE HLDG*w exp 07/24/202 | $639,000 | – | 89,157 | +100.0% | 0.23% | – |
| C | Sell | CITIGROUP INC | $625,000 | -16.7% | 14,488 | -1.3% | 0.22% | -27.4% |
| GSAH | New | GS ACQUISITION HLDGS CORP II | $514,000 | – | 45,793 | +100.0% | 0.18% | – |
| HMHC | Sell | HOUGHTON MIFFLIN HARCOURT CO | $502,000 | -24.4% | 289,925 | -21.0% | 0.18% | -34.2% |
| MS | New | MORGAN STANLEY | $477,000 | – | 9,865 | +100.0% | 0.17% | – |
| MSGS | Sell | MADISON SQUARE GRDN SPRT CORcl a | $449,000 | +1.1% | 2,984 | -1.4% | 0.16% | -12.1% |
| STT | Sell | STATE STR CORP | $366,000 | -7.8% | 6,161 | -1.4% | 0.13% | -19.1% |
| DFS | Sell | DISCOVER FINL SVCS | $361,000 | +13.9% | 6,243 | -1.3% | 0.13% | -0.8% |
| WMB | Sell | WILLIAMS COS INC | $286,000 | -17.6% | 14,555 | -20.3% | 0.10% | -28.2% |
| CHNG | Sell | CHANGE HEALTHCARE INC | $284,000 | -46.8% | 19,594 | -58.9% | 0.10% | -53.7% |
| LKQ | New | LKQ CORP | $274,000 | – | 9,865 | +100.0% | 0.10% | – |
| STAR | Sell | ISTAR INC | $244,000 | -49.7% | 20,637 | -47.6% | 0.09% | -56.1% |
| CUBI | Sell | CUSTOMERS BANCORP INC | $227,000 | -8.1% | 20,266 | -1.4% | 0.08% | -19.8% |
| PLYA | Sell | PLAYA HOTELS & RESORTS NV | $209,000 | -71.8% | 49,991 | -75.5% | 0.08% | -75.2% |
| GVA | New | GRANITE CONSTR INC | $208,000 | – | 11,838 | +100.0% | 0.07% | – |
| MSGE | Sell | MADISON SQUARE GRDN ENTERTNMcl a | $204,000 | -10.1% | 2,984 | -1.4% | 0.07% | -21.5% |
| CDR | New | CEDAR REALTY TRUST INC | $201,000 | – | 248,478 | +100.0% | 0.07% | – |
| KLR | New | KALEYRA INC | $152,000 | – | 20,000 | +100.0% | 0.05% | – |
| METC | Sell | RAMACO RES INC | $72,000 | +56.5% | 20,518 | -4.9% | 0.03% | +36.8% |
| BBCP | Sell | CONCRETE PUMPING HLDGS INC | $68,000 | -2.9% | 19,029 | -4.9% | 0.02% | -17.2% |
| ENZ | New | ENZO BIOCHEM INC | $42,000 | – | 19,729 | +100.0% | 0.02% | – |
| MFIN | Sell | MEDALLION FINL CORP | $27,000 | -49.1% | 10,648 | -46.8% | 0.01% | -54.5% |
| GSL | Exit | GLOBAL SHIP LEASE INC NEW | $0 | – | -10,917 | -100.0% | -0.02% | – |
| SMIT | Exit | SCHMITT INDS INC ORE | $0 | – | -93,068 | -100.0% | -0.13% | – |
| IWM | Exit | ISHARES TRrussell 2000 etf | $0 | – | -4,000 | -100.0% | -0.23% | – |
| HGV | Exit | HILTON GRAND VACATIONS INC | $0 | – | -30,461 | -100.0% | -0.24% | – |
| REPH | Exit | RECRO PHARMA INC | $0 | – | -320,847 | -100.0% | -0.60% | – |
| IWO | Exit | ISHARES TRrus 2000 grw etf | $0 | – | -15,410 | -100.0% | -1.30% | – |
| AON | Exit | AON PLC | $0 | – | -71,890 | -100.0% | -5.66% | – |
| IAC | Exit | IAC INTERACTIVECORP | $0 | – | -103,852 | -100.0% | -13.74% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2020-11-13
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.