Beach Point Capital Management LP Diversified Active

Name: Beach Point Capital Management LP Q1 2022 13F Filing | 13F Explorer
Creator: Beach Point Capital Management LP
Published: 2022-05-02

Location: Santa Monica, CA

CIK: 0001453885 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 2, 2022

Total Value: $661M (86.7% shares, 13.3% debt)

Holdings (23)

— TERRAN ORBITAL CORPORATION 22.9%

Value $151M Shares 22,737,629 Share Price $6.65 Est. Cost/Share $6.65 Unrealized @ Report Date —

— FRONTIER COMMUNICATIONS PARE 20.1%

Value $133M Shares 4,799,571 Share Price $27.67 Est. Cost/Share $26.40 Unrealized @ Report Date —

FSK FS KKR CAP CORP 15.4%

Value $102M Shares 4,473,815 Share Price $22.82 * Est. Cost/Share $9.43 Unrealized @ Report Date +38.8%

— MULTIPLAN CORPORATION 9.0%

Value $59.62M Shares 12,739,462 Share Price $4.68 Est. Cost/Share $4.51 Unrealized @ Report Date —

— 2U INC 5.5%

Value $36.42M Shares 43,362,000 Share Price $0.84 Est. Cost/Share $0.84 Unrealized @ Report Date —

VEL VELOCITY FINL INC 5.1%

Value $33.61M Shares 3,072,167 Share Price $10.94 Est. Cost/Share $8.55 Unrealized @ Report Date +28.0%

— DIEBOLD NIXDORF INC 5.0%

Value $33.01M Shares 4,904,863 Share Price $6.73 Est. Cost/Share $11.57 Unrealized @ Report Date —

— WESTERN ASSET MORTGAGE CAPIT 2.5%

Value $16.44M Shares 17,500,000 Share Price $0.94 Est. Cost/Share $1.00 Unrealized @ Report Date —

MITT AG MTG INVT TR INC 2.4%

Value $16.15M Shares 1,736,558 Share Price $9.30 Est. Cost/Share $10.58 Unrealized @ Report Date —

— MFA FINL INC 2.0%

Value $13.27M Shares 3,292,055 Share Price $4.03 Est. Cost/Share $4.06 Unrealized @ Report Date —

— PENNYMAC CORP 1.6%

Value $10.88M Shares 11,400,000 Share Price $0.95 Est. Cost/Share $0.95 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 1.3%

Value $8.864M Shares 8,965,000 Share Price $0.99 Est. Cost/Share $1.01 Unrealized @ Report Date —

— GREAT AJAX CORP 1.3%

Value $8.805M Shares 352,332 Share Price $24.99 Est. Cost/Share $25.99 Unrealized @ Report Date —

ACI ALBERTSONS COS INC 1.3%

Value $8.42M Shares 253,225 Share Price $33.25 * Est. Cost/Share $21.12 Unrealized @ Report Date +7.1%

GPMT GRANITE PT MTG TR INC 0.8%

Value $5.361M Shares 482,066 Share Price $11.12 Est. Cost/Share $11.64 Unrealized @ Report Date —

RWT REDWOOD TR INC 0.7%

Value $4.607M Shares 437,500 Share Price $10.53 Est. Cost/Share $10.53 Unrealized @ Report Date —

— GREENLIGHT CAP RE LTD 0.7%

Value $4.32M Shares 4,580,000 Share Price $0.94 Est. Cost/Share $0.95 Unrealized @ Report Date —

— GREAT AJAX CORP 0.5%

Value $3.37M Shares 287,285 Share Price $11.73 Est. Cost/Share $13.12 Unrealized @ Report Date —

— WESTERN ASSET MTG CAP CORP 0.5%

Value $3.004M Shares 1,756,783 Share Price $1.71 Est. Cost/Share $1.97 Unrealized @ Report Date —

CMLS CUMULUS MEDIA INC 0.4%

Value $2.974M Shares 298,883 Share Price $9.95 * Est. Cost/Share $13.89 Unrealized @ Report Date -23.5%

— LISTED FD TR 0.4%

Value $2.483M Shares 100,000 Share Price $24.83 Est. Cost/Share $24.96 Unrealized @ Report Date —

— INNOVATE CORP 0.4%

Value $2.35M Shares 2,055,000 Share Price $1.14 Est. Cost/Share $1.15 Unrealized @ Report Date —

PNNT PENNANTPARK INVT CORP 0.2%

Value $1.362M Shares 175,000 Share Price $7.78 * Est. Cost/Share $4.38 Unrealized @ Report Date +6.9%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	TERRAN ORBITAL CORPORATION	22,737,629	$151M	22.9%	$6.65	$6.65	—	COM	88105P103
—	FRONTIER COMMUNICATIONS PARE	4,799,571	$133M	20.1%	$27.67	$26.40	—	COM	35909D109
FSK	FS KKR CAP CORP	4,473,815	$102M	15.4%	$22.82 *	$9.43	+38.8%	COM	302635206
—	MULTIPLAN CORPORATION	12,739,462	$59.62M	9.0%	$4.68	$4.51	—	COM	62548M100
—	2U INC	43,362,000	$36.42M	5.5%	$0.84	$0.84	—	NOTE 2.250% 5/0	90214JAB7
VEL	VELOCITY FINL INC	3,072,167	$33.61M	5.1%	$10.94	$8.55	+28.0%	COM	92262D101
—	DIEBOLD NIXDORF INC	4,904,863	$33.01M	5.0%	$6.73	$11.57	—	COM STK	253651103
—	WESTERN ASSET MORTGAGE CAPIT	17,500,000	$16.44M	2.5%	$0.94	$1.00	—	NOTE 6.750% 9/1	95790DAD7
MITT	AG MTG INVT TR INC	1,736,558	$16.15M	2.4%	$9.30	$10.58	—	COM NEW	001228501
—	MFA FINL INC	3,292,055	$13.27M	2.0%	$4.03	$4.06	—	COM	55272X102
—	PENNYMAC CORP	11,400,000	$10.88M	1.6%	$0.95	$0.95	—	NOTE 5.500% 3/1	70932AAF0
—	TWO HARBORS INVENTMENT CORPO	8,965,000	$8.864M	1.3%	$0.99	$1.01	—	NOTE 6.250% 1/1	90187BAB7
—	GREAT AJAX CORP	352,332	$8.805M	1.3%	$24.99	$25.99	—	7.25 CV SR NT 24	38983D409
ACI	ALBERTSONS COS INC	253,225	$8.42M	1.3%	$33.25 *	$21.12	+7.1%	COMMON STOCK	013091103
GPMT	GRANITE PT MTG TR INC	482,066	$5.361M	0.8%	$11.12	$11.64	—	COM STK	38741L107
RWT	REDWOOD TR INC	437,500	$4.607M	0.7%	$10.53	$10.53	—	COM	758075402
—	GREENLIGHT CAP RE LTD	4,580,000	$4.32M	0.7%	$0.94	$0.95	—	NOTE 4.000% 8/0	395366AB3
—	GREAT AJAX CORP	287,285	$3.37M	0.5%	$11.73	$13.12	—	COM	38983D300
—	WESTERN ASSET MTG CAP CORP	1,756,783	$3.004M	0.5%	$1.71	$1.97	—	COM	95790D105
CMLS	CUMULUS MEDIA INC	298,883	$2.974M	0.4%	$9.95 *	$13.89	-23.5%	COM CL A	231082801
—	LISTED FD TR	100,000	$2.483M	0.4%	$24.83	$24.96	—	AAF FRST PRIORTY	53656F656
—	INNOVATE CORP	2,055,000	$2.35M	0.4%	$1.14	$1.15	—	NOTE 7.500% 8/0	404139AG2
PNNT	PENNANTPARK INVT CORP	175,000	$1.362M	0.2%	$7.78 *	$4.38	+6.9%	COM	708062104