Sound Point Capital Management, LP
Follow13F filer, CIK 1591307, New York, NY
Sound Point Capital Management, LP reported $31,842,000 across 14 holdings for the quarter ended 2020-03-31, in a 13F-HR filed 2020-05-15. Its ten largest share positions make up 98.69% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001591307-20-000007
- Period
- 2020-03-31
- Reported value
- $31.8M
- Holdings
- 14
- Top 10 weight
- 98.69%
- New
- 3
- Sold out
- 4
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ALPS ETF TRnew | +500,000 | $1.72M |
| SINCLAIR BROADCAST GROUP INCadded | +45,000 | $723K |
| MAXAR TECHNOLOGIES INCadded | +45,000 | $481K |
| BATLnew | +101,641 | $475K |
| PRETIUM RESOURCES INCadded | +70,000 | $397K |
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 |
|---|---|---|
| LORAL SPACE & COM INCexited | -99,740 | -$3.22M |
| MCDERMOTT INTL INC COMexited | -147,860 | -$100K |
| GLOBAL EAGLE ENTERTAINMENT Ireduced | -525,000 | -$83.5K |
| CCOreduced | -51,816 | -$33.1K |
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 2020
Share positions as resolved from 13F-HR 0001591307-20-000007, largest first. % of portfolio is the value over $23,791,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| MAXAR TECHNOLOGIES INCMAXAR TECHNOLOGIES INC | 231,019 | $2.47M | 10.37% | +45,000 | |||
| ALPS ETF TRALPS ETF TR | 500,000 | $1.72M | 7.23% | new | |||
| PRETIUM RESOURCES INCPRETIUM RESOURCES INC | 298,694 | $1.69M | 7.12% | +70,000 | |||
| GTNGRAY MEDIA INC | 135,744 | $1.46M | 6.13% | 0 | Timeline | ||
| SINCLAIR BROADCAST GROUP INCSINCLAIR BROADCAST GROUP INC | 81,000 | $1.3M | 5.47% | +45,000 | |||
| CCOCLEAR CHANNEL OUTDOOR HLDGS | 1,109,939 | $710K | 2.98% | -51,816 | Timeline | ||
| BATLBATTALION OIL CORP | 101,641 | $475K | 2% | new | Timeline | ||
| Lee Enterprises IncLee Enterprises Inc | 392,816 | $386K | 1.62% | new | |||
| IHRTIHEARTMEDIA INC | 35,627 | $260K | 1.09% | 0 | Timeline | ||
| GLOBAL EAGLE ENTERTAINMENT IGLOBAL EAGLE ENTERTAINMENT I | 282,970 | $45K | 0.19% | -525,000 | |||
| U S WELL SVCS INCU S WELL SVCS INC | 372,422 | $7K | 0.03% | 0 |
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 |
|---|---|---|---|---|
| TLTISHARES TR 20 YR TR BD ETF | call | 48,800 | $8.05M | -141,200 |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| DISH NETWORK CORPORATIONDISH NETWORK CORPORATION NOTE 3.375% 8/1 | principal | 15,968,000 | $12.9M | +4,000,000 |
| CHESAPEAKE ENERGY CORPCHESAPEAKE ENERGY CORP NOTE 5.500% 9/1 | principal | 6,071,000 | $341K | 0 |
Sold out in Q1 2020
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 | 140,000 | $45.1M | put |
| IWMISHARES TR | 238,000 | $39.4M | put |
| LORAL SPACE & COM INCLORAL SPACE & COM INC | 99,740 | $3.22M | shares |
| MCDERMOTT INTL INC COMMCDERMOTT INTL INC COM | 147,860 | $100K | shares |
How Q1 2020 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 0001591307-20-000007 | base | 2020-05-15 | acceptance time not in the bulk data set |