Beach Point Capital Management LP Diversified Active

Name: Beach Point Capital Management LP Q2 2023 13F Filing | 13F Explorer
Creator: Beach Point Capital Management LP
Published: 2023-08-10

Location: Santa Monica, CA

CIK: 0001453885 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 10, 2023

Total Value: $240M (65.9% shares, 34.1% debt)

Holdings (20)

VEL VELOCITY FINL INC 23.9%

Value $57.34M Shares 4,973,395 Share Price $11.53 Est. Cost/Share $9.11 Unrealized @ Report Date +26.5%

— FRONTIER COMMUNICATIONS PARE 10.6%

Value $25.37M Shares 1,360,944 Share Price $18.64 Est. Cost/Share $25.38 Unrealized @ Report Date —

— BLACKSTONE MORTGAGE TRUST IN 8.9%

Value $21.37M Shares 25,010,000 Share Price $0.85 Est. Cost/Share $0.83 Unrealized @ Report Date —

— MULTIPLAN CORPORATION 8.9%

Value $21.33M Shares 10,108,085 Share Price $2.11 Est. Cost/Share $2.96 Unrealized @ Report Date —

— WESTERN ASSET MORTGAGE CAPIT 7.8%

Value $18.68M Shares 21,600,000 Share Price $0.86 Est. Cost/Share $0.97 Unrealized @ Report Date —

— REDWOOD TRUST INC 6.4%

Value $15.35M Shares 18,250,000 Share Price $0.84 Est. Cost/Share $0.84 Unrealized @ Report Date —

— TERRAN ORBITAL CORPORATION 6.3%

Value $15.04M Shares 10,024,703 Share Price $1.50 Est. Cost/Share $6.65 Unrealized @ Report Date —

— GREAT AJAX CORP 5.7%

Value $13.77M Shares 565,636 Share Price $24.35 Est. Cost/Share $24.77 Unrealized @ Report Date —

MITT AG MTG INVT TR INC 5.3%

Value $12.77M Shares 2,086,251 Share Price $6.12 Est. Cost/Share $9.41 Unrealized @ Report Date —

— TWO HARBORS INVENTMENT CORPO 3.3%

Value $7.889M Shares 8,965,000 Share Price $0.88 Est. Cost/Share $1.01 Unrealized @ Report Date —

FLL FULL HSE RESORTS INC 1.9%

Value $4.601M Shares 686,714 Share Price $6.70 Est. Cost/Share $6.58 Unrealized @ Report Date +1.8%

MFA MFA FINL INC 1.9%

Value $4.589M Shares 408,314 Share Price $11.24 Est. Cost/Share $10.53 Unrealized @ Report Date —

— NUVEEN CA QUALTY MUN INCOME 1.7%

Value $4.137M Shares 378,823 Share Price $10.92 Est. Cost/Share $10.92 Unrealized @ Report Date —

— RWT HLDGS INC 1.6%

Value $3.87M Shares 4,474,000 Share Price $0.86 Est. Cost/Share $0.86 Unrealized @ Report Date —

FSK FS KKR CAP CORP 1.6%

Value $3.798M Shares 198,012 Share Price $19.18 * Est. Cost/Share $9.43 Unrealized @ Report Date +39.8%

— BLACKROCK MUNIHLDNGS CALI QL 1.4%

Value $3.461M Shares 318,949 Share Price $10.85 Est. Cost/Share $10.85 Unrealized @ Report Date —

— INVESCO CALIF VALUE MUN INCO 1.3%

Value $3.101M Shares 323,732 Share Price $9.58 Est. Cost/Share $9.58 Unrealized @ Report Date —

— GREAT AJAX CORP 1.0%

Value $2.452M Shares 400,000 Share Price $6.13 Est. Cost/Share $11.57 Unrealized @ Report Date —

— INNOVATE CORP 0.4%

Value $968K Shares 1,905,000 Share Price $0.51 Est. Cost/Share $1.15 Unrealized @ Report Date —

— DRAGONFLY ENERGY HOLDINGS CO 0.2%

Value $369K Shares 249,095 Share Price $1.48 Est. Cost/Share $9.68 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VEL	VELOCITY FINL INC	4,973,395	$57.34M	23.9%	$11.53	$9.11	+26.5%	COM	92262D101
—	FRONTIER COMMUNICATIONS PARE	1,360,944	$25.37M	10.6%	$18.64	$25.38	—	COM	35909D109
—	BLACKSTONE MORTGAGE TRUST IN	25,010,000	$21.37M	8.9%	$0.85	$0.83	—	NOTE 5.500% 3/1	09257WAE0
—	MULTIPLAN CORPORATION	10,108,085	$21.33M	8.9%	$2.11	$2.96	—	COM	62548M100
—	WESTERN ASSET MORTGAGE CAPIT	21,600,000	$18.68M	7.8%	$0.86	$0.97	—	NOTE 6.750% 9/1	95790DAD7
—	REDWOOD TRUST INC	18,250,000	$15.35M	6.4%	$0.84	$0.84	—	NOTE 7.750% 6/1	758075AF2
—	TERRAN ORBITAL CORPORATION	10,024,703	$15.04M	6.3%	$1.50	$6.65	—	COM	88105P103
—	GREAT AJAX CORP	565,636	$13.77M	5.7%	$24.35	$24.77	—	7.25 CV SR NT 24	38983D409
MITT	AG MTG INVT TR INC	2,086,251	$12.77M	5.3%	$6.12	$9.41	—	COM NEW	001228501
—	TWO HARBORS INVENTMENT CORPO	8,965,000	$7.889M	3.3%	$0.88	$1.01	—	NOTE 6.250% 1/1	90187BAB7
FLL	FULL HSE RESORTS INC	686,714	$4.601M	1.9%	$6.70	$6.58	+1.8%	COM	359678109
MFA	MFA FINL INC	408,314	$4.589M	1.9%	$11.24	$10.53	—	COM	55272X607
—	NUVEEN CA QUALTY MUN INCOME	378,823	$4.137M	1.7%	$10.92	$10.92	—	COM	67066Y105
—	RWT HLDGS INC	4,474,000	$3.87M	1.6%	$0.86	$0.86	—	NOTE 5.750%10/0	749772AD1
FSK	FS KKR CAP CORP	198,012	$3.798M	1.6%	$19.18 *	$9.43	+39.8%	COM	302635206
—	BLACKROCK MUNIHLDNGS CALI QL	318,949	$3.461M	1.4%	$10.85	$10.85	—	COM	09254L107
—	INVESCO CALIF VALUE MUN INCO	323,732	$3.101M	1.3%	$9.58	$9.58	—	COM	46132H106
—	GREAT AJAX CORP	400,000	$2.452M	1.0%	$6.13	$11.57	—	COM	38983D300
—	INNOVATE CORP	1,905,000	$968K	0.4%	$0.51	$1.15	—	NOTE 7.500% 8/0	404139AG2
—	DRAGONFLY ENERGY HOLDINGS CO	249,095	$369K	0.2%	$1.48	$9.68	—	COM	26145B106