BALESTRA CAPITAL LTD.
Follow13F filer, CIK 1007446, NEW YORK, NY
BALESTRA CAPITAL LTD. reported $343,856,000 across 16 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-12. Its ten largest share positions make up 91.43% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-14-001043
- Period
- 2014-03-31
- Reported value
- $344M
- Holdings
- 16
- Top 10 weight
- 91.43%
- New
- 8
- Sold out
- 7
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| TWENTY FIRST CENTY FOX INCnew | +1,215,000 | $38.8M |
| GENERAL ELEC COnew | +1,375,000 | $35.6M |
| BAnew | +250,000 | $31.4M |
| GMnew | +707,325 | $24.3M |
| APOLLO INVT CORPnew | +2,732,000 | $22.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| Crown Castleexited | -450,000 | -$33M |
| DRIexited | -604,074 | -$32.8M |
| AMTexited | -360,000 | -$28.7M |
| EBAYreduced | -400,000 | -$22.1M |
| PMexited | -162,537 | -$14.2M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q1 2014
Share positions as resolved from 13F-HR 0001085146-14-001043, largest first. % of portfolio is the value over $343,320,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| CMCSACOMCAST CORP NEW | 910,000 | $45.5M | 13.26% | -128,166 | Timeline | ||
| TWENTY FIRST CENTY FOX INCTWENTY FIRST CENTY FOX INC | 1,215,000 | $38.8M | 11.31% | new | |||
| GoogleGoogle | 32,750 | $36.5M | 10.63% | -9,650 | |||
| GENERAL ELEC COGENERAL ELEC CO | 1,375,000 | $35.6M | 10.37% | new | |||
| FIFTH STREET FIN CORP COMFIFTH STREET FIN CORP COM | 3,420,404 | $32.4M | 9.42% | +212,962 | |||
| BABOEING CO | 250,000 | $31.4M | 9.14% | new | Timeline | ||
| GEO GROUP INCGEO GROUP INC | 761,005 | $24.5M | 7.15% | -208,448 | |||
| GMGENERAL MTRS CO | 707,325 | $24.3M | 7.09% | new | Timeline | ||
| APOLLO INVT CORPAPOLLO INVT CORP | 2,732,000 | $22.7M | 6.61% | new | |||
| EBAYEBAY INC. | 400,000 | $22.1M | 6.44% | -400,000 | Timeline | ||
| YAHOO INCYAHOO INC | 550,000 | $19.7M | 5.75% | new | |||
| CBS CORP NEWCBS CORP NEW | 144,980 | $8.96M | 2.61% | new | |||
| GLDSPDR GOLD TR | 2,500 | $309K | 0.09% | 0 | Timeline | ||
| VYMVANGUARD WHITEHALL FDS | 3,400 | $215K | 0.06% | 0 | Timeline | ||
| CVXCHEVRON CORPORATION | 1,700 | $202K | 0.06% | 0 | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| EBAY INC.EBAY INC. CALL | call | 400,000 | $536K | new |
Sold out in Q1 2014
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 7,300,000 | $1.35B | call |
| Crown CastleCrown Castle | 450,000 | $33M | shares |
| DRIDARDEN RESTAURANTS INC | 604,074 | $32.8M | shares |
| AMTAMERICAN TOWER CORP | 360,000 | $28.7M | shares |
| PMPHILIP MORRIS INTL INC | 162,537 | $14.2M | shares |
| CORECIVIC INCCORECIVIC INC | 310,059 | $9.94M | shares |
| ARCCARES CAPITAL CORP | 190,500 | $3.38M | shares |
How Q1 2014 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001085146-14-001043 | base | 2014-05-12 | acceptance time not in the bulk data set |