Benefit Street Partners LLC Quant / Systematic

Location: New York, NY

CIK: 0001543160 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 28, 2019

Total Value: $1.163B (88.8% shares, 11.2% debt)

Holdings (27)

SPY SPDR S&P 500 ETF TR 39.1%

Value $455M Shares 1,611,600 Est. Cost — Unrealized —

— BERRY PETE CORP 23.6%

Value $274M Shares 23,771,620 Est. Cost $16.29 Unrealized —

— OI S A 8.7%

Value $101M Shares 53,741,823 Est. Cost $1.91 Unrealized —

— CHESAPEAKE ENERGY CORP 7.7%

Value $89.61M Shares 96,776,000 Est. Cost $0.88 Unrealized —

— AVAYA HLDGS CORP 7.1%

Value $82.12M Shares 4,879,259 Est. Cost $20.14 Unrealized —

STNG SCORPIO TANKERS INC 2.7%

Value $31.3M Shares 1,577,528 Est. Cost $19.84 Unrealized —

— WEATHERFORD INTL LTD 2.4%

Value $28.05M Shares 34,738,000 Est. Cost $1.04 Unrealized —

LNG CHENIERE ENERGY INC 1.6%

Value $18.11M Shares 265,000 Est. Cost $65.73 Unrealized 0.0%

— WPX ENERGY INC 1.3%

Value $14.55M Shares 1,110,000 Est. Cost $13.11 Unrealized —

VST VISTRA ENERGY CORP 1.0%

Value $11.71M Shares 450,003 Est. Cost $19.18 Unrealized +12.6%

— NII HLDGS INC 0.9%

Value $10.18M Shares 5,194,815 Est. Cost $2.28 Unrealized —

CCRN CROSS CTRY HEALTHCARE INC 0.8%

Value $9.418M Shares 1,339,640 Est. Cost $10.21 Unrealized -16.1%

THC TENET HEALTHCARE CORP 0.5%

Value $5.932M Shares 205,667 Est. Cost $24.34 Unrealized +1.4%

— AK STL CORP 0.5%

Value $5.834M Shares 5,811,000 Est. Cost $1.17 Unrealized —

— FRONTIER COMMUNICATIONS CORP 0.3%

Value $4.06M Shares 2,039,910 Est. Cost $4.69 Unrealized —

— SCORPIO TANKERS INC 0.3%

Value $3.525M Shares 4,000,000 Est. Cost $0.88 Unrealized —

AR ANTERO RES CORP 0.3%

Value $3.321M Shares 376,072 Est. Cost $14.78 Unrealized -36.1%

— EAGLE BULK SHIPPING INC 0.3%

Value $3.255M Shares 700,000 Est. Cost $4.70 Unrealized —

TRGP TARGA RES CORP 0.2%

Value $2.223M Shares 53,500 Est. Cost $33.69 Unrealized 0.0%

— FTS INTERNATIONAL INC 0.2%

Value $2.086M Shares 208,627 Est. Cost $13.54 Unrealized —

— DISH NETWORK CORP 0.2%

Value $1.891M Shares 2,300,000 Est. Cost $0.88 Unrealized —

— CHENIERE ENERGY INC 0.1%

Value $1.563M Shares 2,000,000 Est. Cost $0.62 Unrealized —

GSM FERROGLOBE PLC 0.1%

Value $1.482M Shares 722,476 Est. Cost $11.00 Unrealized -79.8%

CMLS CUMULUS MEDIA INC 0.1%

Value $894K Shares 59,633 Est. Cost $15.38 Unrealized 0.0%

— DONNELLEY R R & SONS CO 0.1%

Value $704K Shares 149,158 Est. Cost $4.31 Unrealized —

— HC2 HLDGS INC 0.1%

Value $695K Shares 283,478 Est. Cost $6.12 Unrealized —

— SYNACOR INC 0.0%

Value $94,000 Shares 59,785 Est. Cost $1.61 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	1,611,600	$455M	39.1%	—	—	Put	78462F103
—	BERRY PETE CORP	23,771,620	$274M	23.6%	$16.29	—	COM	08579X101
—	OI S A	53,741,823	$101M	8.7%	$1.91	—	SPONSORED ADR NE	670851500
—	CHESAPEAKE ENERGY CORP	96,776,000	$89.61M	7.7%	$0.88	—	NOTE 5.500% 9/1	165167CY1
—	AVAYA HLDGS CORP	4,879,259	$82.12M	7.1%	$20.14	—	COM	05351X101
STNG	SCORPIO TANKERS INC	1,577,528	$31.3M	2.7%	$19.84	—	SHS	Y7542C130
—	WEATHERFORD INTL LTD	34,738,000	$28.05M	2.4%	$1.04	—	NOTE 5.875% 7/0	947075AH0
LNG	CHENIERE ENERGY INC	265,000	$18.11M	1.6%	$65.73	0.0%	COM NEW	16411R208
—	WPX ENERGY INC	1,110,000	$14.55M	1.3%	$13.11	—	COM	98212B103
VST	VISTRA ENERGY CORP	450,003	$11.71M	1.0%	$19.18	+12.6%	COM	92840M102
—	NII HLDGS INC	5,194,815	$10.18M	0.9%	$2.28	—	COM PAR	62913F508
CCRN	CROSS CTRY HEALTHCARE INC	1,339,640	$9.418M	0.8%	$10.21	-16.1%	COM	227483104
THC	TENET HEALTHCARE CORP	205,667	$5.932M	0.5%	$24.34	+1.4%	COM NEW	88033G407
—	AK STL CORP	5,811,000	$5.834M	0.5%	$1.17	—	NOTE 5.000%11/1	001546AP5
—	FRONTIER COMMUNICATIONS CORP	2,039,910	$4.06M	0.3%	$4.69	—	COM NEW	35906A306
—	SCORPIO TANKERS INC	4,000,000	$3.525M	0.3%	$0.88	—	NOTE 3.000% 5/1	80918TAB5
AR	ANTERO RES CORP	376,072	$3.321M	0.3%	$14.78	-36.1%	COM	03674X106
—	EAGLE BULK SHIPPING INC	700,000	$3.255M	0.3%	$4.70	—	SHS NEW	Y2187A143
TRGP	TARGA RES CORP	53,500	$2.223M	0.2%	$33.69	0.0%	COM	87612G101
—	FTS INTERNATIONAL INC	208,627	$2.086M	0.2%	$13.54	—	COM	30283W104
—	DISH NETWORK CORP	2,300,000	$1.891M	0.2%	$0.88	—	NOTE 2.375% 3/1	25470MAD1
—	CHENIERE ENERGY INC	2,000,000	$1.563M	0.1%	$0.62	—	NOTE 4.250% 3/1	16411RAG4
GSM	FERROGLOBE PLC	722,476	$1.482M	0.1%	$11.00	-79.8%	SHS	G33856108
CMLS	CUMULUS MEDIA INC	59,633	$894K	0.1%	$15.38	0.0%	COM CLASS A	231082801
—	DONNELLEY R R & SONS CO	149,158	$704K	0.1%	$4.31	—	COM	257867200
—	HC2 HLDGS INC	283,478	$695K	0.1%	$6.12	—	COM	404139107
—	SYNACOR INC	59,785	$94,000	0.0%	$1.61	—	COM	871561106