SEC 13F Intelligence

Managers / Q2 2020 · view latest →

STONEHILL CAPITAL MANAGEMENT LLC

CIK 0001266227 · 320 PARK AVE., 26TH FLOOR, NEW YORK, NY, 10022 · 212 739 7474

Reported Value
$383M
Q2 2020
Positions
20
Filings on Record
29
2019–present window
Filed
Aug 14, 2020
original filing

Summary

Stonehill Capital Management LLC reported $383M in U.S.-listed holdings across 20 positions for Q2 2020.

The portfolio is heavily concentrated: Iac Intercativecorp Common alone accounts for 38.3% of reported value.

Compared with Q1 2020, the fund opened 5 new positions and exited 16.

Portfolio Metrics

Turnover
+41.7%
vs prior filed quarter
Top-10 Concentration
+93.1%
share of reported value
Largest Position
+38.3%
Iac Intercativecorp Common
New / Exited
5 / 16
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $332MQ1 ’19Q2 ’19: $349MQ3 ’19: $368MQ4 ’19: $294MQ1 ’20: $302MQ1 ’20Q2 ’20: $383MQ3 ’20: $185MQ4 ’20: $330MQ1 ’21: $213MQ1 ’21Q2 ’21: $206MQ3 ’21: $210MQ4 ’21: $455MQ1 ’22: $216MQ1 ’22Q2 ’22: $150MQ3 ’22: $123MQ4 ’22: $93MQ1 ’23: $193MQ1 ’23Q2 ’23: $169MQ3 ’23: $63MQ4 ’23: $51MQ1 ’24: $45MQ1 ’24Q2 ’24: $134MQ3 ’24: $167MQ4 ’24: $236MQ1 ’25: $328MQ1 ’25Q2 ’25: $228MQ3 ’25: $280MQ4 ’25: $334MQ1 ’26: $197MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.3%GLOBAL: 6.0%US DOMESTIC: 5.0%REIT: 3.0%ADR: 1.7%Other: 0.0%
  • Common Stock · 84.3% · $323M
  • GLOBAL · 6.0% · $23M
  • US DOMESTIC · 5.0% · $19M
  • REIT · 3.0% · $12M
  • ADR · 1.7% · $6M
  • Other · 0.0% · $80,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AALAMERICAN AIRLINES GROUP INC COMMONNEW+1.75M1.75M+$23M$23M
CRKCOMSTOCK RESOURCES INC COMMONNEW+3.30M3.30M+$14M$14M
NEW MOUNTAIN FIN CORP SR UNSEC CONVNEW+15.00M15.00M+$14M$14M
PROSPECT CAPITAL CORP SR UNSEC CONVNEW+3.50M3.50M+$3M$3M
OIL STATES INTL INC SR UNSEC CONVNEW+3.55M3.55M+$2M$2M
EIXEDISON INTERNATIONAL COMMONADDED+985.8K1.03M+$54M$56M
ALLERGAN PLC COMMONSOLD OUT−229.4K0−$41M$0
HCAHCA HEALTHCARE INC COMMONSOLD OUT−156.6K0−$14M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IAC/INTERCATIVECORP COMMONCMN38.27%$146M452.7K
2EIXEDISON INTERNATIONAL COMMONhistory →CMN14.60%$56M1.03M
3PCGP G & E CORP COMMONhistory →CMN10.29%$39M4.44M
4AALAMERICAN AIRLINES GROUP INC COMMONhistory →CMN5.98%$23M1.75M
5TRINITY BIOTECH SR UNSEC CONVNOTE5.95%$23M32.50M
6CAESARS ENTERTAINMENT CORP COMMONCMN5.86%$22M1.85M
7CRKCOMSTOCK RESOURCES INC COMMONhistory →CMN3.78%$14M3.30M
8NEW MOUNTAIN FIN CORP SR UNSEC CONVNOTE3.68%$14M15.00M
9BENEFYTT TECHNOLOGIES INC COMMONCMN2.98%$11M557.8K
10VICIVICI PROPERTIES INC COMMONhistory →CMN1.76%$7M334.0K
11MDCAMDC PARTNERS INC CL A COMMONhistory →CMN1.61%$6M2.96M
12TRIBGBPTRINITY BIOTECH PLC ADRhistory →CMN1.37%$5M2.41M
13RETAIL VALUE INC COMMONCMN1.26%$5M388.5K
14PROSPECT CAPITAL CORP SR UNSEC CONVNOTE0.86%$3M3.50M
15CCOCLEAR CHANNEL OUTDOOR HOLDINGS INC COMCMN0.61%$2M2.25M
16OIL STATES INTL INC SR UNSEC CONVNOTE0.46%$2M3.55M
17IRSA ADRCMN0.33%$1M412.7K
18AKORN INC COMMONCMN0.32%$1M4.40M
19FPHFIVE POINTS HOLDINGS LLC - CL A COMMONCMN0.02%$91,00019.8K
20IRSA PROPIEDADES COMERCIALES S.A. ADRCMN0.02%$80,00012.6K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$197M15May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$334M22Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$280M15Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$228M14Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$328M12May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$236M10Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$167M11Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$134M10Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$45M6May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$51M9Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$63M9Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$169M11Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$193M13May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$93M13Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$123M14Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$150M14Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$216M16May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$455M25Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$210M18Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$206M17Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$213M13May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$330M19Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$185M14Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$383M20Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$302M31May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$294M16Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$368M16Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$349M12Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$332M14May 15, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.