Sessa Capital IM, L.P. Diversified Active

CIK: 0001595849 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 15, 2023

Total Value ($000): $2,635,705 (99.6% shares, 0.4% debt)

Holdings (38)

WBD WARNER BROS DISCOVERY INC 12.5%

Value ($000) $329,633 Shares 21,829,981 Est. Cost $18.10 Unrealized -21.4%

ALLY ALLY FINL INC 9.2%

Value ($000) $241,979 Shares 9,493,106 Est. Cost $25.33 Unrealized +1.6%

— PROVENTION BIO INC 8.1%

Value ($000) $213,984 Shares 8,879,023 Est. Cost $5.56 Unrealized —

T AT&T INC 7.0%

Value ($000) $183,788 Shares 9,547,415 Est. Cost $15.30 Unrealized +6.9%

EQH EQUITABLE HLDGS INC 6.7%

Value ($000) $175,982 Shares 6,931,147 Est. Cost $22.31 Unrealized +23.0%

TSLA TESLA INC 6.5%

Value ($000) $172,192 Shares 830,000 Est. Cost — Unrealized —

FCNCA FIRST CTZNS BANCSHARES INC N 6.0%

Value ($000) $158,509 Shares 162,891 Est. Cost $734.82 Unrealized 0.0%

— GARRETT MOTION INC 5.6%

Value ($000) $147,506 Shares 16,592,384 Est. Cost $8.38 Unrealized —

IFF INTERNATIONAL FLAVORS&FRAGRA 4.7%

Value ($000) $124,116 Shares 1,349,675 Est. Cost $101.86 Unrealized -10.0%

GEHC GE HEALTHCARE TECHNOLOGIES I 4.7%

Value ($000) $123,108 Shares 1,500,766 Est. Cost $70.72 Unrealized +0.5%

FLEX FLEX LTD 3.1%

Value ($000) $80,535 Shares 3,500,000 Est. Cost $14.39 Unrealized +20.2%

AIV APARTMENT INVT & MGMT CO 2.9%

Value ($000) $76,377 Shares 9,932,043 Est. Cost $6.06 Unrealized —

AIG AMERICAN INTL GROUP INC 2.8%

Value ($000) $73,040 Shares 1,450,355 Est. Cost $54.69 Unrealized 0.0%

— LABORATORY CORP AMER HLDGS 2.4%

Value ($000) $64,238 Shares 280,000 Est. Cost $229.42 Unrealized —

TGNA TEGNA INC 2.3%

Value ($000) $61,186 Shares 3,618,348 Est. Cost $18.70 Unrealized 0.0%

USFD US FOODS HLDG CORP 2.1%

Value ($000) $54,678 Shares 1,480,171 Est. Cost $31.99 Unrealized +15.9%

GTX GARRETT MOTION INC 2.0%

Value ($000) $52,947 Shares 6,912,204 Est. Cost $6.62 Unrealized +16.9%

SCHW SCHWAB CHARLES CORP 1.8%

Value ($000) $47,263 Shares 902,313 Est. Cost $70.22 Unrealized 0.0%

— SYNEOS HEALTH INC 1.2%

Value ($000) $32,506 Shares 912,586 Est. Cost $35.62 Unrealized —

CRBG COREBRIDGE FINL INC 1.0%

Value ($000) $27,268 Shares 1,702,152 Est. Cost $16.26 Unrealized -2.3%

CC CHEMOURS CO 0.9%

Value ($000) $24,512 Shares 818,717 Est. Cost $14.09 Unrealized +109.0%

NXPI NXP SEMICONDUCTORS N V 0.8%

Value ($000) $20,895 Shares 112,053 Est. Cost $80.92 Unrealized +108.4%

CFG CITIZENS FINL GROUP INC 0.7%

Value ($000) $19,680 Shares 648,000 Est. Cost $34.37 Unrealized 0.0%

HUM HUMANA INC 0.7%

Value ($000) $19,418 Shares 40,000 Est. Cost — Unrealized —

KRE SPDR SER TR 0.7%

Value ($000) $18,290 Shares 417,000 Est. Cost $43.86 Unrealized —

WBD WARNER BROS DISCOVERY INC 0.6%

Value ($000) $15,100 Shares 1,000,000 Est. Cost $18.10 Unrealized -21.4%

JBGS JBG SMITH PPTYS 0.6%

Value ($000) $15,060 Shares 1,000,000 Est. Cost $18.98 Unrealized —

— XERIS BIOPHARMA HOLDINGS INC 0.4%

Value ($000) $11,338 Shares 12,975,000 Est. Cost $1.64 Unrealized —

— KELLOGG CO 0.4%

Value ($000) $9,927 Shares 148,248 Est. Cost $57.22 Unrealized 0.0%

FHN FIRST HORIZON CORPORATION 0.3%

Value ($000) $8,721 Shares 490,501 Est. Cost $19.88 Unrealized 0.0%

PYPL PAYPAL HLDGS INC 0.3%

Value ($000) $7,594 Shares 100,000 Est. Cost $79.85 Unrealized -3.8%

NXT NEXTRACKER INC 0.2%

Value ($000) $6,346 Shares 175,000 Est. Cost $31.66 Unrealized 0.0%

ROG ROGERS CORP 0.2%

Value ($000) $5,740 Shares 35,123 Est. Cost $155.25 Unrealized -7.1%

TNDM TANDEM DIABETES CARE INC 0.2%

Value ($000) $4,947 Shares 121,820 Est. Cost $41.40 Unrealized 0.0%

— NEUBERGER BERMAN MLP & ENERG 0.1%

Value ($000) $3,402 Shares 517,789 Est. Cost $6.57 Unrealized —

— CLEARBRIDGE MLP AND MIDSTRM 0.1%

Value ($000) $2,043 Shares 70,692 Est. Cost $28.90 Unrealized —

MGNX MACROGENICS INC 0.1%

Value ($000) $1,756 Shares 244,864 Est. Cost $11.04 Unrealized -45.4%

BHR BRAEMAR HOTELS & RESORTS INC 0.0%

Value ($000) $100 Shares 25,951 Est. Cost $11.42 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WBD	WARNER BROS DISCOVERY INC	21,829,981	$329,633	12.5%	$18.10	-21.4%	COM SER A	934423104
ALLY	ALLY FINL INC	9,493,106	$241,979	9.2%	$25.33	+1.6%	COM	02005N100
—	PROVENTION BIO INC	8,879,023	$213,984	8.1%	$5.56	—	COM	74374N102
T	AT&T INC	9,547,415	$183,788	7.0%	$15.30	+6.9%	COM	00206R102
EQH	EQUITABLE HLDGS INC	6,931,147	$175,982	6.7%	$22.31	+23.0%	COM	29452E101
TSLA	TESLA INC	830,000	$172,192	6.5%	—	—	Put	88160R101
FCNCA	FIRST CTZNS BANCSHARES INC N	162,891	$158,509	6.0%	$734.82	0.0%	CL A	31946M103
—	GARRETT MOTION INC	16,592,384	$147,506	5.6%	$8.38	—	PFD CONV SER A	366505204
IFF	INTERNATIONAL FLAVORS&FRAGRA	1,349,675	$124,116	4.7%	$101.86	-10.0%	COM	459506101
GEHC	GE HEALTHCARE TECHNOLOGIES I	1,500,766	$123,108	4.7%	$70.72	+0.5%	COMMON STOCK	36266G107
FLEX	FLEX LTD	3,500,000	$80,535	3.1%	$14.39	+20.2%	ORD	Y2573F102
AIV	APARTMENT INVT & MGMT CO	9,932,043	$76,377	2.9%	$6.06	—	CL A	03748R747
AIG	AMERICAN INTL GROUP INC	1,450,355	$73,040	2.8%	$54.69	0.0%	COM NEW	026874784
—	LABORATORY CORP AMER HLDGS	280,000	$64,238	2.4%	$229.42	—	COM NEW	50540R409
TGNA	TEGNA INC	3,618,348	$61,186	2.3%	$18.70	0.0%	COM	87901J105
USFD	US FOODS HLDG CORP	1,480,171	$54,678	2.1%	$31.99	+15.9%	COM	912008109
GTX	GARRETT MOTION INC	6,912,204	$52,947	2.0%	$6.62	+16.9%	COM	366505105
SCHW	SCHWAB CHARLES CORP	902,313	$47,263	1.8%	$70.22	0.0%	COM	808513105
—	SYNEOS HEALTH INC	912,586	$32,506	1.2%	$35.62	—	CL A	87166B102
CRBG	COREBRIDGE FINL INC	1,702,152	$27,268	1.0%	$16.26	-2.3%	COM	21871X109
CC	CHEMOURS CO	818,717	$24,512	0.9%	$14.09	+109.0%	COM	163851108
NXPI	NXP SEMICONDUCTORS N V	112,053	$20,895	0.8%	$80.92	+108.4%	COM	N6596X109
CFG	CITIZENS FINL GROUP INC	648,000	$19,680	0.7%	$34.37	0.0%	COM	174610105
HUM	HUMANA INC	40,000	$19,418	0.7%	—	—	Put	444859102
KRE	SPDR SER TR	417,000	$18,290	0.7%	$43.86	—	S&P REGL BKG	78464A698
WBD	WARNER BROS DISCOVERY INC	1,000,000	$15,100	0.6%	$18.10	-21.4%	Call	934423104
JBGS	JBG SMITH PPTYS	1,000,000	$15,060	0.6%	$18.98	—	COM	46590V100
—	XERIS BIOPHARMA HOLDINGS INC	12,975,000	$11,338	0.4%	$1.64	—	NOTE 5.000% 7/1	98422LAA5
—	KELLOGG CO	148,248	$9,927	0.4%	$57.22	0.0%	COM	487836108
FHN	FIRST HORIZON CORPORATION	490,501	$8,721	0.3%	$19.88	0.0%	COM	320517105
PYPL	PAYPAL HLDGS INC	100,000	$7,594	0.3%	$79.85	-3.8%	COM	70450Y103
NXT	NEXTRACKER INC	175,000	$6,346	0.2%	$31.66	0.0%	CLASS A COM	65290E101
ROG	ROGERS CORP	35,123	$5,740	0.2%	$155.25	-7.1%	COM	775133101
TNDM	TANDEM DIABETES CARE INC	121,820	$4,947	0.2%	$41.40	0.0%	COM NEW	875372203
—	NEUBERGER BERMAN MLP & ENERG	517,789	$3,402	0.1%	$6.57	—	COM	64129H104
—	CLEARBRIDGE MLP AND MIDSTRM	70,692	$2,043	0.1%	$28.90	—	COM	18469Q207
MGNX	MACROGENICS INC	244,864	$1,756	0.1%	$11.04	-45.4%	COM	556099109
BHR	BRAEMAR HOTELS & RESORTS INC	25,951	$100	0.0%	$11.42	—	COM	10482B101