Beach Point Capital Management LP Diversified Active

Location: Santa Monica, CA

CIK: 0001453885 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Oct 24, 2022

Total Value: $295M (77.4% shares, 22.6% debt)

Holdings (25)

— FRONTIER COMMUNICATIONS PARE 17.9%

Value $52.94M Shares 2,259,473 Share Price $23.43 Est. Cost/Share $26.40 Unrealized @ Report Date —

VEL VELOCITY FINL INC 12.9%

Value $38.04M Shares 3,509,339 Share Price $10.84 Est. Cost/Share $8.86 Unrealized @ Report Date +22.3%

— TERRAN ORBITAL CORPORATION 12.8%

Value $37.81M Shares 21,808,919 Share Price $1.73 Est. Cost/Share $6.65 Unrealized @ Report Date —

— MULTIPLAN CORPORATION 8.3%

Value $24.42M Shares 8,538,478 Share Price $2.86 Est. Cost/Share $4.51 Unrealized @ Report Date —

— WESTERN ASSET MORTGAGE CAPIT 6.4%

Value $18.78M Shares 21,700,000 Share Price $0.87 Est. Cost/Share $0.97 Unrealized @ Report Date —

— 2U INC 5.4%

Value $15.92M Shares 23,362,000 Share Price $0.68 Est. Cost/Share $0.84 Unrealized @ Report Date —

AGNC AGNC INVT CORP 4.3%

Value $12.63M Shares 1,500,000 Share Price $8.42 Est. Cost/Share $8.42 Unrealized @ Report Date —

FSK FS KKR CAP CORP 3.4%

Value $10.11M Shares 596,361 Share Price $16.95 * Est. Cost/Share $9.43 Unrealized @ Report Date +10.1%

MITT AG MTG INVT TR INC 3.3%

Value $9.74M Shares 2,369,767 Share Price $4.11 Est. Cost/Share $9.46 Unrealized @ Report Date —

— PENNYMAC CORP 3.1%

Value $9.263M Shares 11,400,000 Share Price $0.81 Est. Cost/Share $0.95 Unrealized @ Report Date —

MFA MFA FINL INC 3.1%

Value $9.019M Shares 1,159,275 Share Price $7.78 Est. Cost/Share $10.75 Unrealized @ Report Date —

— DIEBOLD NIXDORF INC 2.7%

Value $7.891M Shares 3,233,952 Share Price $2.44 Est. Cost/Share $11.57 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 2.5%

Value $7.413M Shares 8,965,000 Share Price $0.83 Est. Cost/Share $1.01 Unrealized @ Report Date —

INVH INVITATION HOMES INC 2.4%

Value $7.092M Shares 210,003 Share Price $33.77 * Est. Cost/Share $32.87 Unrealized @ Report Date -8.7%

— RWT HLDGS INC 2.2%

Value $6.407M Shares 7,542,000 Share Price $0.85 Est. Cost/Share $0.88 Unrealized @ Report Date —

— GREAT AJAX CORP 1.7%

Value $4.885M Shares 204,732 Share Price $23.86 Est. Cost/Share $25.99 Unrealized @ Report Date —

— WESTERN ASSET MTG CAP CORP 1.3%

Value $3.924M Shares 350,661 Share Price $11.19 Est. Cost/Share $11.19 Unrealized @ Report Date —

CMLS CUMULUS MEDIA INC 1.3%

Value $3.862M Shares 549,407 Share Price $7.03 * Est. Cost/Share $12.67 Unrealized @ Report Date -33.0%

GPMT GRANITE PT MTG TR INC 1.1%

Value $3.242M Shares 503,466 Share Price $6.44 Est. Cost/Share $11.41 Unrealized @ Report Date —

FLL FULL HSE RESORTS INC 0.9%

Value $2.731M Shares 485,919 Share Price $5.62 Est. Cost/Share $6.45 Unrealized @ Report Date -12.8%

— MFA FINL INC 0.9%

Value $2.587M Shares 3,000,000 Share Price $0.86 Est. Cost/Share $0.86 Unrealized @ Report Date —

— GREAT AJAX CORP 0.9%

Value $2.51M Shares 334,280 Share Price $7.51 Est. Cost/Share $12.62 Unrealized @ Report Date —

RWT REDWOOD TR INC 0.5%

Value $1.579M Shares 275,000 Share Price $5.74 Est. Cost/Share $10.17 Unrealized @ Report Date —

— INNOVATE CORP 0.4%

Value $1.311M Shares 2,055,000 Share Price $0.64 Est. Cost/Share $1.15 Unrealized @ Report Date —

PNNT PENNANTPARK INVT CORP 0.3%

Value $956K Shares 175,000 Share Price $5.46 * Est. Cost/Share $4.38 Unrealized @ Report Date -21.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	FRONTIER COMMUNICATIONS PARE	2,259,473	$52.94M	17.9%	$23.43	$26.40	—	COM	35909D109
VEL	VELOCITY FINL INC	3,509,339	$38.04M	12.9%	$10.84	$8.86	+22.3%	COM	92262D101
—	TERRAN ORBITAL CORPORATION	21,808,919	$37.81M	12.8%	$1.73	$6.65	—	COM	88105P103
—	MULTIPLAN CORPORATION	8,538,478	$24.42M	8.3%	$2.86	$4.51	—	COM	62548M100
—	WESTERN ASSET MORTGAGE CAPIT	21,700,000	$18.78M	6.4%	$0.87	$0.97	—	NOTE 6.750% 9/1	95790DAD7
—	2U INC	23,362,000	$15.92M	5.4%	$0.68	$0.84	—	NOTE 2.250% 5/0	90214JAB7
AGNC	AGNC INVT CORP	1,500,000	$12.63M	4.3%	$8.42	$8.42	—	COM	00123Q104
FSK	FS KKR CAP CORP	596,361	$10.11M	3.4%	$16.95 *	$9.43	+10.1%	COM	302635206
MITT	AG MTG INVT TR INC	2,369,767	$9.74M	3.3%	$4.11	$9.46	—	COM NEW	001228501
—	PENNYMAC CORP	11,400,000	$9.263M	3.1%	$0.81	$0.95	—	NOTE 5.500% 3/1	70932AAF0
MFA	MFA FINL INC	1,159,275	$9.019M	3.1%	$7.78	$10.75	—	COM	55272X607
—	DIEBOLD NIXDORF INC	3,233,952	$7.891M	2.7%	$2.44	$11.57	—	COM STK	253651103
—	TWO HARBORS INVENTMENT CORPO	8,965,000	$7.413M	2.5%	$0.83	$1.01	—	NOTE 6.250% 1/1	90187BAB7
INVH	INVITATION HOMES INC	210,003	$7.092M	2.4%	$33.77 *	$32.87	-8.7%	COM	46187W107
—	RWT HLDGS INC	7,542,000	$6.407M	2.2%	$0.85	$0.88	—	NOTE 5.750%10/0	749772AD1
—	GREAT AJAX CORP	204,732	$4.885M	1.7%	$23.86	$25.99	—	7.25 CV SR NT 24	38983D409
—	WESTERN ASSET MTG CAP CORP	350,661	$3.924M	1.3%	$11.19	$11.19	—	COM	95790D204
CMLS	CUMULUS MEDIA INC	549,407	$3.862M	1.3%	$7.03 *	$12.67	-33.0%	COM CL A	231082801
GPMT	GRANITE PT MTG TR INC	503,466	$3.242M	1.1%	$6.44	$11.41	—	COM STK	38741L107
FLL	FULL HSE RESORTS INC	485,919	$2.731M	0.9%	$5.62	$6.45	-12.8%	COM	359678109
—	MFA FINL INC	3,000,000	$2.587M	0.9%	$0.86	$0.86	—	NOTE 6.250% 6/1	55272XAA0
—	GREAT AJAX CORP	334,280	$2.51M	0.9%	$7.51	$12.62	—	COM	38983D300
RWT	REDWOOD TR INC	275,000	$1.579M	0.5%	$5.74	$10.17	—	COM	758075402
—	INNOVATE CORP	2,055,000	$1.311M	0.4%	$0.64	$1.15	—	NOTE 7.500% 8/0	404139AG2
PNNT	PENNANTPARK INVT CORP	175,000	$956K	0.3%	$5.46 *	$4.38	-21.4%	COM	708062104