$240 Million is the total value of Beach Point Capital Management LP's 20 reported holdings in Q2 2023. The portfolio turnover from Q1 2023 to Q2 2023 was 50.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| VEL | Buy | VELOCITY FINL INC | $57,343,244 | +36.2% | 4,973,395 | +6.6% | 23.87% | +17.7% |
| FYBR | Buy | FRONTIER COMMUNICATIONS PARE | $25,367,996 | -5.8% | 1,360,944 | +15.1% | 10.56% | -18.6% |
| Buy | BLACKSTONE MORTGAGE TRUST INnote 5.500% 3/1 | $21,367,919 | +197.7% | 25,010,000 | +175.5% | 8.89% | +157.3% | |
| MPLN | Sell | MULTIPLAN CORPORATION | $21,328,059 | +50.4% | 10,108,085 | -24.4% | 8.88% | +30.0% |
| WESTERN ASSET MORTGAGE CAPITnote 6.750% 9/1 | $18,684,000 | +0.1% | 21,600,000 | 0.0% | 7.78% | -13.5% | ||
| New | REDWOOD TRUST INCnote 7.750% 6/1 | $15,352,813 | – | 18,250,000 | +100.0% | 6.39% | – | |
| Sell | TERRAN ORBITAL CORPORATION | $15,037,055 | -35.9% | 10,024,703 | -21.3% | 6.26% | -44.6% | |
| AJXA | Sell | GREAT AJAX CORP7.25 cv sr nt 24 | $13,773,237 | -5.6% | 565,636 | -6.2% | 5.73% | -18.4% |
| Sell | AG MTG INVT TR INC | $12,767,856 | -4.0% | 2,086,251 | -9.8% | 5.31% | -17.0% | |
| TWO HARBORS INVENTMENT CORPOnote 6.250% 1/1 | $7,889,200 | +2.4% | 8,965,000 | 0.0% | 3.28% | -11.5% | ||
| FLL | Buy | FULL HSE RESORTS INC | $4,600,984 | +6.0% | 686,714 | +14.4% | 1.92% | -8.3% |
| Sell | MFA FINL INC | $4,589,449 | -31.6% | 408,314 | -39.7% | 1.91% | -40.9% | |
| NAC | New | NUVEEN CA QUALTY MUN INCOME | $4,136,747 | – | 378,823 | +100.0% | 1.72% | – |
| New | RWT HLDGS INCnote 5.750%10/0 | $3,869,891 | – | 4,474,000 | +100.0% | 1.61% | – | |
| FSK | FS KKR CAP CORP | $3,797,870 | +3.7% | 198,012 | 0.0% | 1.58% | -10.4% | |
| MUC | New | BLACKROCK MUNIHLDNGS CALI QL | $3,460,597 | – | 318,949 | +100.0% | 1.44% | – |
| VCV | New | INVESCO CALIF VALUE MUN INCO | $3,101,353 | – | 323,732 | +100.0% | 1.29% | – |
| AJX | Buy | GREAT AJAX CORP | $2,452,000 | +8.2% | 400,000 | +16.2% | 1.02% | -6.4% |
| Sell | INNOVATE CORPnote 7.500% 8/0 | $968,067 | -40.9% | 1,905,000 | -7.3% | 0.40% | -48.9% | |
| Buy | DRAGONFLY ENERGY HOLDINGS CO | $368,661 | -42.0% | 249,095 | +17.5% | 0.15% | -50.0% | |
| AJX | Exit | GREAT AJAX CORPcall | $0 | – | -807 | -100.0% | -0.01% | – |
| Exit | NEW YORK MTG TR INCcall | $0 | – | -1,168 | -100.0% | -0.02% | – | |
| AER | Exit | AERCAP HOLDINGS NV | $0 | – | -25,000 | -100.0% | -0.68% | – |
| Exit | NEW YORK MTG TR INC | $0 | – | -174,999 | -100.0% | -0.84% | – | |
| Exit | 2U INCnote 2.250% 5/0 | $0 | – | -21,881,000 | -100.0% | -8.24% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-08-10
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.