Beach Point Capital Management LP Diversified Active

Name: Beach Point Capital Management LP Q4 2022 13F Filing | 13F Explorer
Creator: Beach Point Capital Management LP
Published: 2023-01-27

Location: Santa Monica, CA

CIK: 0001453885 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Jan 27, 2023

Total Value: $246M (68.7% shares, 31.3% debt)

Holdings (22)

— FRONTIER COMMUNICATIONS PARE 19.6%

Value $48.32M Shares 1,896,237 Share Price $25.48 Est. Cost/Share $26.40 Unrealized @ Report Date —

VEL VELOCITY FINL INC 15.5%

Value $38.16M Shares 3,954,444 Share Price $9.65 Est. Cost/Share $8.99 Unrealized @ Report Date +7.3%

— TERRAN ORBITAL CORPORATION 12.7%

Value $31.34M Shares 19,837,629 Share Price $1.58 Est. Cost/Share $6.65 Unrealized @ Report Date —

— WESTERN ASSET MORTGAGE CAPIT 7.6%

Value $18.75M Shares 21,700,000 Share Price $0.86 Est. Cost/Share $0.97 Unrealized @ Report Date —

— 2U INC 6.1%

Value $15.1M Shares 23,362,000 Share Price $0.65 Est. Cost/Share $0.84 Unrealized @ Report Date —

MITT AG MTG INVT TR INC 4.9%

Value $12.12M Shares 2,282,570 Share Price $5.31 Est. Cost/Share $9.46 Unrealized @ Report Date —

— MFA FINL INC 3.9%

Value $9.561M Shares 10,683,000 Share Price $0.90 Est. Cost/Share $0.89 Unrealized @ Report Date —

— PENNYMAC CORP 3.7%

Value $9.227M Shares 11,400,000 Share Price $0.81 Est. Cost/Share $0.95 Unrealized @ Report Date —

— MULTIPLAN CORPORATION 3.4%

Value $8.485M Shares 7,378,393 Share Price $1.15 Est. Cost/Share $4.51 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 3.1%

Value $7.649M Shares 8,965,000 Share Price $0.85 Est. Cost/Share $1.01 Unrealized @ Report Date —

— RWT HLDGS INC 2.7%

Value $6.745M Shares 8,042,000 Share Price $0.84 Est. Cost/Share $0.88 Unrealized @ Report Date —

FSK FS KKR CAP CORP 2.6%

Value $6.29M Shares 359,414 Share Price $17.50 * Est. Cost/Share $9.43 Unrealized @ Report Date +17.9%

MFA MFA FINL INC 2.0%

Value $4.939M Shares 501,425 Share Price $9.85 Est. Cost/Share $10.75 Unrealized @ Report Date —

— GREAT AJAX CORP 1.9%

Value $4.671M Shares 195,035 Share Price $23.95 Est. Cost/Share $25.99 Unrealized @ Report Date —

FLL FULL HSE RESORTS INC 1.9%

Value $4.59M Shares 610,364 Share Price $7.52 Est. Cost/Share $6.54 Unrealized @ Report Date +14.9%

— DIEBOLD NIXDORF INC 1.7%

Value $4.114M Shares 2,897,395 Share Price $1.42 Est. Cost/Share $11.57 Unrealized @ Report Date —

CMLS CUMULUS MEDIA INC 1.5%

Value $3.706M Shares 596,769 Share Price $6.21 * Est. Cost/Share $12.23 Unrealized @ Report Date -41.6%

— REDWOOD TRUST INC 1.5%

Value $3.62M Shares 4,000,000 Share Price $0.91 Est. Cost/Share $0.91 Unrealized @ Report Date —

— DRAGONFLY ENERGY HOLDINGS CO 1.2%

Value $3.05M Shares 274,285 Share Price $11.12 Est. Cost/Share $11.12 Unrealized @ Report Date —

— GREAT AJAX CORP 1.0%

Value $2.424M Shares 334,280 Share Price $7.25 Est. Cost/Share $12.62 Unrealized @ Report Date —

— INNOVATE CORP 0.7%

Value $1.645M Shares 2,055,000 Share Price $0.80 Est. Cost/Share $1.15 Unrealized @ Report Date —

— NEW YORK MTG TR INC 0.6%

Value $1.596M Shares 623,500 Share Price $2.56 Est. Cost/Share $2.56 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	FRONTIER COMMUNICATIONS PARE	1,896,237	$48.32M	19.6%	$25.48	$26.40	—	COM	35909D109
VEL	VELOCITY FINL INC	3,954,444	$38.16M	15.5%	$9.65	$8.99	+7.3%	COM	92262D101
—	TERRAN ORBITAL CORPORATION	19,837,629	$31.34M	12.7%	$1.58	$6.65	—	COM	88105P103
—	WESTERN ASSET MORTGAGE CAPIT	21,700,000	$18.75M	7.6%	$0.86	$0.97	—	NOTE 6.750% 9/1	95790DAD7
—	2U INC	23,362,000	$15.1M	6.1%	$0.65	$0.84	—	NOTE 2.250% 5/0	90214JAB7
MITT	AG MTG INVT TR INC	2,282,570	$12.12M	4.9%	$5.31	$9.46	—	COM NEW	001228501
—	MFA FINL INC	10,683,000	$9.561M	3.9%	$0.90	$0.89	—	NOTE 6.250% 6/1	55272XAA0
—	PENNYMAC CORP	11,400,000	$9.227M	3.7%	$0.81	$0.95	—	NOTE 5.500% 3/1	70932AAF0
—	MULTIPLAN CORPORATION	7,378,393	$8.485M	3.4%	$1.15	$4.51	—	COM	62548M100
—	TWO HARBORS INVENTMENT CORPO	8,965,000	$7.649M	3.1%	$0.85	$1.01	—	NOTE 6.250% 1/1	90187BAB7
—	RWT HLDGS INC	8,042,000	$6.745M	2.7%	$0.84	$0.88	—	NOTE 5.750%10/0	749772AD1
FSK	FS KKR CAP CORP	359,414	$6.29M	2.6%	$17.50 *	$9.43	+17.9%	COM	302635206
MFA	MFA FINL INC	501,425	$4.939M	2.0%	$9.85	$10.75	—	COM	55272X607
—	GREAT AJAX CORP	195,035	$4.671M	1.9%	$23.95	$25.99	—	7.25 CV SR NT 24	38983D409
FLL	FULL HSE RESORTS INC	610,364	$4.59M	1.9%	$7.52	$6.54	+14.9%	COM	359678109
—	DIEBOLD NIXDORF INC	2,897,395	$4.114M	1.7%	$1.42	$11.57	—	COM STK	253651103
CMLS	CUMULUS MEDIA INC	596,769	$3.706M	1.5%	$6.21 *	$12.23	-41.6%	COM CL A	231082801
—	REDWOOD TRUST INC	4,000,000	$3.62M	1.5%	$0.91	$0.91	—	NOTE 5.625% 7/1	758075AD7
—	DRAGONFLY ENERGY HOLDINGS CO	274,285	$3.05M	1.2%	$11.12	$11.12	—	COM	26145B106
—	GREAT AJAX CORP	334,280	$2.424M	1.0%	$7.25	$12.62	—	COM	38983D300
—	INNOVATE CORP	2,055,000	$1.645M	0.7%	$0.80	$1.15	—	NOTE 7.500% 8/0	404139AG2
—	NEW YORK MTG TR INC	623,500	$1.596M	0.6%	$2.56	$2.56	—	COM PAR $.02	649604501