$208 Million is the total value of Beach Point Capital Management LP's 20 reported holdings in Q1 2023. The portfolio turnover from Q4 2022 to Q1 2023 was 54.5% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VEL | Buy | VELOCITY FINL INC | $42,115,017 | +10.4% | 4,663,900 | +17.9% | 20.28% | +30.8% |
| FYBR | Sell | FRONTIER COMMUNICATIONS PARE | $26,920,561 | -44.3% | 1,182,282 | -37.7% | 12.96% | -34.0% |
| Sell | TERRAN ORBITAL CORPORATION | $23,449,148 | -25.2% | 12,744,102 | -35.8% | 11.29% | -11.3% | |
| Sell | WESTERN ASSET MORTGAGE CAPITnote 6.750% 9/1 | $18,673,200 | -0.4% | 21,600,000 | -0.5% | 8.99% | +18.0% | |
| Sell | 2U INCnote 2.250% 5/0 | $17,100,002 | +13.2% | 21,881,000 | -6.3% | 8.24% | +34.2% | |
| AJXA | Buy | GREAT AJAX CORP7.25 cv sr nt 24 | $14,583,764 | +212.2% | 602,884 | +209.1% | 7.02% | +270.0% |
| MPLN | Buy | MULTIPLAN CORPORATION | $14,181,752 | +67.1% | 13,379,011 | +81.3% | 6.83% | +98.1% |
| Buy | AG MTG INVT TR INC | $13,299,790 | +9.7% | 2,313,007 | +1.3% | 6.40% | +30.1% | |
| TWO HARBORS INVENTMENT CORPOnote 6.250% 1/1 | $7,701,491 | +0.7% | 8,965,000 | 0.0% | 3.71% | +19.3% | ||
| New | BLACKSTONE MORTGAGE TRUST INnote 5.500% 3/1 | $7,178,084 | – | 9,079,000 | +100.0% | 3.46% | – | |
| Buy | MFA FINL INC | $6,713,896 | +35.9% | 676,804 | +35.0% | 3.23% | +61.1% | |
| FLL | Sell | FULL HSE RESORTS INC | $4,338,983 | -5.5% | 600,136 | -1.7% | 2.09% | +12.0% |
| FSK | Sell | FS KKR CAP CORP | $3,663,222 | -41.8% | 198,012 | -44.9% | 1.76% | -31.0% |
| AJX | Buy | GREAT AJAX CORP | $2,265,362 | -6.5% | 344,280 | +3.0% | 1.09% | +10.8% |
| New | NEW YORK MTG TR INC | $1,742,990 | – | 174,999 | +100.0% | 0.84% | – | |
| INNOVATE CORPnote 7.500% 8/0 | $1,637,194 | -0.5% | 2,055,000 | 0.0% | 0.79% | +17.8% | ||
| AER | New | AERCAP HOLDINGS NV | $1,405,750 | – | 25,000 | +100.0% | 0.68% | – |
| Sell | DRAGONFLY ENERGY HOLDINGS CO | $635,955 | -79.1% | 211,985 | -22.7% | 0.31% | -75.3% | |
| New | NEW YORK MTG TR INCcall | $35,040 | – | 1,168 | +100.0% | 0.02% | – | |
| AJX | New | GREAT AJAX CORPcall | $16,140 | – | 807 | +100.0% | 0.01% | – |
| NYMT | Exit | NEW YORK MTG TR INC | $0 | – | -623,500 | -100.0% | -0.65% | – |
| Exit | REDWOOD TRUST INCnote 5.625% 7/1 | $0 | – | -4,000,000 | -100.0% | -1.47% | – | |
| CMLS | Exit | CUMULUS MEDIA INC | $0 | – | -596,769 | -100.0% | -1.51% | – |
| DBD | Exit | DIEBOLD NIXDORF INC | $0 | – | -2,897,395 | -100.0% | -1.67% | – |
| Exit | RWT HLDGS INCnote 5.750%10/0 | $0 | – | -8,042,000 | -100.0% | -2.74% | – | |
| Exit | PENNYMAC CORPnote 5.500% 3/1 | $0 | – | -11,400,000 | -100.0% | -3.75% | – | |
| Exit | MFA FINL INCnote 6.250% 6/1 | $0 | – | -10,683,000 | -100.0% | -3.88% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-05-02
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| SINCLAIR BROADCAST GROUP INC | 25 | Q2 2021 | 12.8% |
| MGM RESORTS INTERNATIONAL | 24 | Q3 2020 | 23.4% |
| LIBERTY GLOBAL PLC | 22 | Q3 2018 | 13.0% |
| LIBERTY GLOBAL PLC | 19 | Q3 2018 | 9.9% |
| ZAYO GROUP HLDGS INC | 17 | Q1 2019 | 10.3% |
| DELTA AIR LINES INC DEL | 17 | Q3 2018 | 5.8% |
| CUMULUS MEDIA INC | 17 | Q4 2022 | 6.1% |
| STEALTHGAS INC | 16 | Q2 2018 | 3.5% |
| VELOCITY FINL INC | 15 | Q3 2023 | 34.2% |
| FS KKR CAPITAL CORP | 14 | Q3 2023 | 30.0% |
View Beach Point Capital Management LP's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| CUMULUS MEDIA INC | February 09, 2023 | 596,769 | 3.4% |
| DIEBOLD NIXDORF, Inc | February 09, 2023 | 2,897,395 | 3.7% |
| MONEYGRAM INTERNATIONAL INCSold out | February 09, 2023 | 0 | 0.0% |
| Horizon Lines, Inc. | February 11, 2015 | 5,005,396 | 12.2% |
| SPANISH BROADCASTING SYSTEM INC | January 21, 2011 | 2,632,418 | 6.3% |
View Beach Point Capital Management LP's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-04-24 |
| SC 13D/A | 2024-02-22 |
| SC 13G/A | 2024-02-09 |
| SC 13G/A | 2024-02-09 |
| SC 13G/A | 2024-02-09 |
| SC 13G | 2024-02-09 |
| SC 13G/A | 2024-02-02 |
| 13F-HR | 2024-01-16 |
| 13F-HR | 2023-10-30 |
| SC 13D | 2023-08-18 |
View Beach Point Capital Management LP'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.