Beach Point Capital Management LP Diversified Active

Name: Beach Point Capital Management LP Q2 2022 13F Filing | 13F Explorer
Creator: Beach Point Capital Management LP
Published: 2022-07-20

Location: Santa Monica, CA

CIK: 0001453885 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: Jul 20, 2022

Total Value: $482M (84.3% shares, 15.7% debt)

Holdings (24)

— FRONTIER COMMUNICATIONS PARE 21.1%

Value $102M Shares 4,317,117 Share Price $23.54 Est. Cost/Share $26.40 Unrealized @ Report Date —

— TERRAN ORBITAL CORPORATION 20.4%

Value $98.34M Shares 22,294,742 Share Price $4.41 Est. Cost/Share $6.65 Unrealized @ Report Date —

— MULTIPLAN CORPORATION 10.7%

Value $51.44M Shares 9,370,512 Share Price $5.49 Est. Cost/Share $4.51 Unrealized @ Report Date —

FSK FS KKR CAP CORP 10.4%

Value $50.08M Shares 2,578,772 Share Price $19.42 * Est. Cost/Share $9.43 Unrealized @ Report Date +22.2%

VEL VELOCITY FINL INC 7.5%

Value $36.01M Shares 3,277,012 Share Price $10.99 Est. Cost/Share $8.68 Unrealized @ Report Date +26.7%

— 2U INC 4.1%

Value $19.8M Shares 23,362,000 Share Price $0.85 Est. Cost/Share $0.84 Unrealized @ Report Date —

— WESTERN ASSET MORTGAGE CAPIT 3.7%

Value $17.86M Shares 21,700,000 Share Price $0.82 Est. Cost/Share $0.97 Unrealized @ Report Date —

MITT AG MTG INVT TR INC 3.2%

Value $15.42M Shares 2,284,567 Share Price $6.75 Est. Cost/Share $9.66 Unrealized @ Report Date —

MFA MFA FINL INC 2.6%

Value $12.46M Shares 1,159,275 Share Price $10.75 Est. Cost/Share $10.75 Unrealized @ Report Date —

— PENNYMAC CORP 2.1%

Value $9.933M Shares 11,400,000 Share Price $0.87 Est. Cost/Share $0.95 Unrealized @ Report Date —

— DIEBOLD NIXDORF INC 1.9%

Value $9.005M Shares 3,966,946 Share Price $2.27 Est. Cost/Share $11.57 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 1.7%

Value $8.008M Shares 8,965,000 Share Price $0.89 Est. Cost/Share $1.01 Unrealized @ Report Date —

— GREAT AJAX CORP 1.6%

Value $7.947M Shares 324,093 Share Price $24.52 Est. Cost/Share $25.99 Unrealized @ Report Date —

— RWT HLDGS INC 1.4%

Value $6.67M Shares 7,542,000 Share Price $0.88 Est. Cost/Share $0.88 Unrealized @ Report Date —

ACI ALBERTSONS COS INC 1.4%

Value $6.596M Shares 246,839 Share Price $26.72 * Est. Cost/Share $21.12 Unrealized @ Report Date -13.6%

CMLS CUMULUS MEDIA INC 1.1%

Value $5.311M Shares 687,098 Share Price $7.73 * Est. Cost/Share $12.67 Unrealized @ Report Date -7.4%

— WESTERN ASSET MTG CAP CORP 1.0%

Value $5.045M Shares 4,169,620 Share Price $1.21 Est. Cost/Share $1.53 Unrealized @ Report Date —

GPMT GRANITE PT MTG TR INC 1.0%

Value $4.613M Shares 482,066 Share Price $9.57 Est. Cost/Share $11.64 Unrealized @ Report Date —

— GREENLIGHT CAP RE LTD 0.8%

Value $3.963M Shares 4,325,000 Share Price $0.92 Est. Cost/Share $0.95 Unrealized @ Report Date —

RWT REDWOOD TR INC 0.8%

Value $3.866M Shares 501,400 Share Price $7.71 Est. Cost/Share $10.17 Unrealized @ Report Date —

— GREAT AJAX CORP 0.7%

Value $3.206M Shares 334,280 Share Price $9.59 Est. Cost/Share $12.62 Unrealized @ Report Date —

— LISTED FD TR 0.5%

Value $2.43M Shares 100,000 Share Price $24.30 Est. Cost/Share $24.96 Unrealized @ Report Date —

— INNOVATE CORP 0.4%

Value $1.738M Shares 2,055,000 Share Price $0.85 Est. Cost/Share $1.15 Unrealized @ Report Date —

PNNT PENNANTPARK INVT CORP 0.2%

Value $1.082M Shares 175,000 Share Price $6.18 * Est. Cost/Share $4.38 Unrealized @ Report Date -13.1%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	FRONTIER COMMUNICATIONS PARE	4,317,117	$102M	21.1%	$23.54	$26.40	—	COM	35909D109
—	TERRAN ORBITAL CORPORATION	22,294,742	$98.34M	20.4%	$4.41	$6.65	—	COM	88105P103
—	MULTIPLAN CORPORATION	9,370,512	$51.44M	10.7%	$5.49	$4.51	—	COM	62548M100
FSK	FS KKR CAP CORP	2,578,772	$50.08M	10.4%	$19.42 *	$9.43	+22.2%	COM	302635206
VEL	VELOCITY FINL INC	3,277,012	$36.01M	7.5%	$10.99	$8.68	+26.7%	COM	92262D101
—	2U INC	23,362,000	$19.8M	4.1%	$0.85	$0.84	—	NOTE 2.250% 5/0	90214JAB7
—	WESTERN ASSET MORTGAGE CAPIT	21,700,000	$17.86M	3.7%	$0.82	$0.97	—	NOTE 6.750% 9/1	95790DAD7
MITT	AG MTG INVT TR INC	2,284,567	$15.42M	3.2%	$6.75	$9.66	—	COM NEW	001228501
MFA	MFA FINL INC	1,159,275	$12.46M	2.6%	$10.75	$10.75	—	COM	55272X607
—	PENNYMAC CORP	11,400,000	$9.933M	2.1%	$0.87	$0.95	—	NOTE 5.500% 3/1	70932AAF0
—	DIEBOLD NIXDORF INC	3,966,946	$9.005M	1.9%	$2.27	$11.57	—	COM STK	253651103
—	TWO HARBORS INVENTMENT CORPO	8,965,000	$8.008M	1.7%	$0.89	$1.01	—	NOTE 6.250% 1/1	90187BAB7
—	GREAT AJAX CORP	324,093	$7.947M	1.6%	$24.52	$25.99	—	7.25 CV SR NT 24	38983D409
—	RWT HLDGS INC	7,542,000	$6.67M	1.4%	$0.88	$0.88	—	NOTE 5.750%10/0	749772AD1
ACI	ALBERTSONS COS INC	246,839	$6.596M	1.4%	$26.72 *	$21.12	-13.6%	COMMON STOCK	013091103
CMLS	CUMULUS MEDIA INC	687,098	$5.311M	1.1%	$7.73 *	$12.67	-7.4%	COM CL A	231082801
—	WESTERN ASSET MTG CAP CORP	4,169,620	$5.045M	1.0%	$1.21	$1.53	—	COM	95790D105
GPMT	GRANITE PT MTG TR INC	482,066	$4.613M	1.0%	$9.57	$11.64	—	COM STK	38741L107
—	GREENLIGHT CAP RE LTD	4,325,000	$3.963M	0.8%	$0.92	$0.95	—	NOTE 4.000% 8/0	395366AB3
RWT	REDWOOD TR INC	501,400	$3.866M	0.8%	$7.71	$10.17	—	COM	758075402
—	GREAT AJAX CORP	334,280	$3.206M	0.7%	$9.59	$12.62	—	COM	38983D300
—	LISTED FD TR	100,000	$2.43M	0.5%	$24.30	$24.96	—	AAF FRST PRIORTY	53656F656
—	INNOVATE CORP	2,055,000	$1.738M	0.4%	$0.85	$1.15	—	NOTE 7.500% 8/0	404139AG2
PNNT	PENNANTPARK INVT CORP	175,000	$1.082M	0.2%	$6.18 *	$4.38	-13.1%	COM	708062104