Benefit Street Partners 13F annual report
Benefit Street Partners is an investment fund managing more than $29.2 billion ran by Nina Baryski. There are currently 8 companies in Mrs. Baryski’s portfolio. The largest investments include Frontier Communications Pare and Berry Corp, together worth $21.4 billion.
$29.2 billion Assets Under Management (AUM)
As of 8th May 2023, Benefit Street Partners’s top holding is 553,709 shares of Frontier Communications Pare currently worth over $12.6 billion and making up 43.2% of the portfolio value.
In addition, the fund holds 1,115,128 shares of Berry Corp worth $8.75 billion, whose value fell 26.3% in the past six months.
The third-largest holding is Clear Channel Outdoor Hldgs worth $2.09 billion and the next is Skillsoft Corp worth $1.85 billion, with 923,836 shares owned.
Currently, Benefit Street Partners's portfolio is worth at least $29.2 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Benefit Street Partners
The Benefit Street Partners office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Nina Baryski serves as the Authorized Signatory at Benefit Street Partners.
Recent trades
In the most recent 13F filing, Benefit Street Partners revealed that it had opened a new position in
Frontier Communications Pare and bought 553,709 shares worth $12.6 billion.
On the other hand, there are companies that Benefit Street Partners is getting rid of from its portfolio.
Benefit Street Partners closed its position in Taseko Mines on 15th May 2023.
It sold the previously owned 11,693,811 shares for $20.1 million.
Nina Baryski also disclosed a decreased stake in Berry Corp by 0.9%.
This leaves the value of the investment at $8.75 billion and 1,115,128 shares.
One of the smallest hedge funds
The two most similar investment funds to Benefit Street Partners are Natixis Advisors, L.P. and Triatomic Management L.P.. They manage $29.1 billion and $28.9 billion respectively.
Nina Baryski investment strategy
Benefit Street Partners’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Energy — making up 30.0% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
13% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $463 million.
The complete list of Benefit Street Partners trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Frontier Communications Pare |
Opened
553,709
|
$12,607,954,000 | 43.19% |
| Berry Corp |
91.22%
1,115,128
|
$8,753,755,000 | 29.99% |
| Clear Channel Outdoor Hldgs |
11.45%
1,739,957
|
$2,087,948,000 | 7.15% |
| Skillsoft Corp |
Opened
923,836
|
$1,847,672,000 | 6.33% |
| iHeartMedia, Inc. |
25.72%
430,746
|
$1,679,909,000 | 5.75% |
| Casa Sys Inc |
17.82%
1,100,023
|
$1,397,029,000 | 4.79% |
| ACRES Commercial Realty Corp |
Opened
76,156
|
$740,236,000 | 2.54% |
| Cumulus Media Inc. |
87.46%
20,622
|
$76,095,000 | 0.26% |
| Taseko Mines Ltd. |
Closed
11,693,811
|
$20,060,000 | |
| Cheniere Energy Inc. |
Closed
165,000
|
$11,882,000 | |
| PlayAGS Inc |
Closed
1,417,853
|
$11,456,000 | |
| Devon Energy Corp. |
Closed
408,472
|
$8,925,000 | |
| Welbilt Inc |
Closed
506,436
|
$8,230,000 | |
| Vistra Corp |
Closed
386,907
|
$6,841,000 | |
| Williams Cos Inc |
Closed
204,873
|
$4,853,000 | |
| SLB |
Closed
144,800
|
$3,937,000 | |
| Cimarex Energy Co. |
Closed
63,800
|
$3,789,000 | |
| TPI Composites Inc |
Closed
60,000
|
$3,386,000 | |
| Cf Inds Hldgs Inc |
Closed
60,000
|
$2,723,000 | |
| Jakks Pac Inc |
Closed
287,040
|
$2,047,000 | |
| AES Corp. |
Closed
75,000
|
$2,011,000 | |
| Bain Cap Specialty Fin Inc |
Closed
100,379
|
$1,484,000 | |
| Apollo Invt Corp |
Closed
100,540
|
$1,379,000 | |
| Carlyle Secured Lending Inc |
Closed
102,470
|
$1,353,000 | |
| Ladder Cap Corp |
Closed
107,600
|
$1,270,000 | |
| Fs Kkr Cap Corp Ii |
Closed
64,628
|
$1,262,000 | |
| Granite Pt Mtg Tr Inc |
Closed
104,100
|
$1,246,000 | |
| New Residential Invt Corp |
Closed
100,000
|
$1,125,000 | |
| Waitr Holdings Inc |
Closed
250,000
|
$733,000 | |
| Ishares Inc |
Closed
15,000
|
$696,000 | |
| PG&E Corp. |
Closed
54,700
|
$641,000 | |
| Barings BDC Inc |
Closed
55,000
|
$549,000 | |
| Tpg Re Fin Tr Inc |
Closed
45,951
|
$515,000 | |
| Ishares Tr |
Closed
31,600
|
$880,000 | |
| Targa Res Corp |
Closed
15,000
|
$476,000 | |
| Blucora Inc |
Closed
28,000
|
$466,000 | |
| Oi Sa |
Closed
240,541
|
$399,000 | |
| Synacor Inc |
Closed
59,785
|
$131,000 | |
| HC2 Holdings Inc |
Closed
244,329
|
$89,000 | |
| Sandridge Energy Inc |
Closed
318
|
$1,000 | |
| No transactions found | |||
| Showing first 500 out of 40 holdings | |||
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