Benefit Street Partners LLC Quant / Systematic

Location: New York, NY

CIK: 0001543160 · Show all filings

Period: Q4 2018 (← Previous) (Next →)

Filing Date: Jan 31, 2019

Total Value: $680M (86.7% shares, 13.3% debt)

Holdings (30)

SPY SPDR S&P 500 ETF TR 32.3%

Value $220M Shares 879,500 Est. Cost — Unrealized —

— BERRY PETE CORP 23.9%

Value $163M Shares 18,588,691 Est. Cost $17.62 Unrealized —

— CHESAPEAKE ENERGY CORP 7.1%

Value $48.4M Shares 60,122,000 Est. Cost $0.85 Unrealized —

— AVAYA HLDGS CORP 7.0%

Value $47.81M Shares 3,283,372 Est. Cost $21.75 Unrealized —

— WEATHERFORD INTL LTD 5.1%

Value $34.36M Shares 54,545,000 Est. Cost $1.04 Unrealized —

— OI S A 4.6%

Value $31.54M Shares 19,709,690 Est. Cost $1.97 Unrealized —

ET ENERGY TRANSFER LP 4.3%

Value $28.99M Shares 2,194,300 Est. Cost — Unrealized —

— SCORPIO TANKERS INC 2.9%

Value $19.72M Shares 11,205,848 Est. Cost $2.44 Unrealized —

— NII HLDGS INC 2.2%

Value $14.69M Shares 3,330,067 Est. Cost $2.46 Unrealized —

VST VISTRA ENERGY CORP 1.8%

Value $12.41M Shares 542,218 Est. Cost $19.18 Unrealized +5.1%

TMUS T MOBILE US INC 1.5%

Value $10.52M Shares 165,398 Est. Cost $62.80 Unrealized +3.2%

CCRN CROSS CTRY HEALTHCARE INC 1.4%

Value $9.82M Shares 1,339,640 Est. Cost $10.21 Unrealized -17.9%

SD SANDRIDGE ENERGY INC 1.1%

Value $7.616M Shares 1,000,822 Est. Cost $17.97 Unrealized -46.2%

— EAGLE BULK SHIPPING INC 0.6%

Value $4.047M Shares 877,892 Est. Cost $4.70 Unrealized —

AR ANTERO RES CORP 0.6%

Value $3.766M Shares 401,072 Est. Cost $14.78 Unrealized 0.0%

— AK STL CORP 0.4%

Value $2.973M Shares 3,000,000 Est. Cost $1.33 Unrealized —

— FRONTIER COMMUNICATIONS CORP 0.4%

Value $2.808M Shares 1,180,230 Est. Cost $6.66 Unrealized —

— WPX ENERGY INC 0.4%

Value $2.758M Shares 243,000 Est. Cost $14.73 Unrealized —

THC TENET HEALTHCARE CORP 0.4%

Value $2.545M Shares 148,451 Est. Cost $24.20 Unrealized 0.0%

SPB SPECTRUM BRANDS HLDGS INC NE 0.3%

Value $2.037M Shares 48,205 Est. Cost $57.80 Unrealized 0.0%

— FTS INTERNATIONAL INC 0.3%

Value $1.839M Shares 258,627 Est. Cost $13.54 Unrealized —

— DISH NETWORK CORP 0.3%

Value $1.831M Shares 2,300,000 Est. Cost $0.88 Unrealized —

— ENSCO JERSEY FIN LTD 0.2%

Value $1.631M Shares 2,417,000 Est. Cost $0.84 Unrealized —

GSM FERROGLOBE PLC 0.2%

Value $1.544M Shares 971,030 Est. Cost $11.00 Unrealized -57.5%

— CHENIERE ENERGY INC 0.2%

Value $1.415M Shares 2,000,000 Est. Cost $0.62 Unrealized —

— NII HLDGS INC 0.1%

Value $882K Shares 200,000 Est. Cost $2.46 Unrealized —

— HC2 HLDGS INC 0.1%

Value $748K Shares 283,478 Est. Cost $6.12 Unrealized —

— DONNELLEY R R & SONS CO 0.0%

Value $321K Shares 81,109 Est. Cost $3.96 Unrealized —

— SANCHEZ ENERGY CORP 0.0%

Value $148K Shares 546,124 Est. Cost $0.27 Unrealized —

— SYNACOR INC 0.0%

Value $88,000 Shares 59,785 Est. Cost $1.61 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	879,500	$220M	32.3%	—	—	Put	78462F103
—	BERRY PETE CORP	18,588,691	$163M	23.9%	$17.62	—	COM	08579X101
—	CHESAPEAKE ENERGY CORP	60,122,000	$48.4M	7.1%	$0.85	—	NOTE 5.500% 9/1	165167CY1
—	AVAYA HLDGS CORP	3,283,372	$47.81M	7.0%	$21.75	—	COM	05351X101
—	WEATHERFORD INTL LTD	54,545,000	$34.36M	5.1%	$1.04	—	NOTE 5.875% 7/0	947075AH0
—	OI S A	19,709,690	$31.54M	4.6%	$1.97	—	SPONSORED ADR NE	670851500
ET	ENERGY TRANSFER LP	2,194,300	$28.99M	4.3%	—	—	Call	29273V100
—	SCORPIO TANKERS INC	11,205,848	$19.72M	2.9%	$2.44	—	SHS	Y7542C106
—	NII HLDGS INC	3,330,067	$14.69M	2.2%	$2.46	—	COM PAR	62913F508
VST	VISTRA ENERGY CORP	542,218	$12.41M	1.8%	$19.18	+5.1%	COM	92840M102
TMUS	T MOBILE US INC	165,398	$10.52M	1.5%	$62.80	+3.2%	COM	872590104
CCRN	CROSS CTRY HEALTHCARE INC	1,339,640	$9.82M	1.4%	$10.21	-17.9%	COM	227483104
SD	SANDRIDGE ENERGY INC	1,000,822	$7.616M	1.1%	$17.97	-46.2%	COM NEW	80007P869
—	EAGLE BULK SHIPPING INC	877,892	$4.047M	0.6%	$4.70	—	SHS NEW	Y2187A143
AR	ANTERO RES CORP	401,072	$3.766M	0.6%	$14.78	0.0%	COM	03674X106
—	AK STL CORP	3,000,000	$2.973M	0.4%	$1.33	—	NOTE 5.000%11/1	001546AP5
—	FRONTIER COMMUNICATIONS CORP	1,180,230	$2.808M	0.4%	$6.66	—	COM NEW	35906A306
—	WPX ENERGY INC	243,000	$2.758M	0.4%	$14.73	—	Put	98212B103
THC	TENET HEALTHCARE CORP	148,451	$2.545M	0.4%	$24.20	0.0%	COM NEW	88033G407
SPB	SPECTRUM BRANDS HLDGS INC NE	48,205	$2.037M	0.3%	$57.80	0.0%	COM	84790A105
—	FTS INTERNATIONAL INC	258,627	$1.839M	0.3%	$13.54	—	COM	30283W104
—	DISH NETWORK CORP	2,300,000	$1.831M	0.3%	$0.88	—	NOTE 2.375% 3/1	25470MAD1
—	ENSCO JERSEY FIN LTD	2,417,000	$1.631M	0.2%	$0.84	—	NOTE 3.000% 1/3	29359WAB1
GSM	FERROGLOBE PLC	971,030	$1.544M	0.2%	$11.00	-57.5%	SHS	G33856108
—	CHENIERE ENERGY INC	2,000,000	$1.415M	0.2%	$0.62	—	NOTE 4.250% 3/1	16411RAG4
—	NII HLDGS INC	200,000	$882K	0.1%	$2.46	—	Call	62913F508
—	HC2 HLDGS INC	283,478	$748K	0.1%	$6.12	—	COM	404139107
—	DONNELLEY R R & SONS CO	81,109	$321K	0.0%	$3.96	—	COM	257867200
—	SANCHEZ ENERGY CORP	546,124	$148K	0.0%	$0.27	—	COM	79970Y105
—	SYNACOR INC	59,785	$88,000	0.0%	$1.61	—	COM	871561106