SEC 13F Intelligence

Managers / Q1 2021 · view latest →

STONEHILL CAPITAL MANAGEMENT LLC

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

Reported Value
$213M
Q1 2021
Positions
13
Filings on Record
29
2019–present window
Filed
May 17, 2021
original filing

Summary

Stonehill Capital Management LLC reported $213M in U.S.-listed holdings across 13 positions for Q1 2021.

The portfolio is heavily concentrated: EIX alone accounts for 34.4% of reported value.

Compared with Q4 2020, the fund opened 0 new positions and exited 6.

Portfolio Metrics

Turnover
+5.0%
vs prior filed quarter
Top-10 Concentration
+99.1%
share of reported value
Largest Position
+34.4%
Edison International Common

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: 70.5%GLOBAL: 14.9%US DOMESTIC: 12.9%ADR: 1.6%Other: 0.1%
  • Common Stock · 70.5% · $150M
  • GLOBAL · 14.9% · $32M
  • US DOMESTIC · 12.9% · $28M
  • ADR · 1.6% · $3M
  • Other · 0.1% · $150,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SINA CORP COMMONSOLD OUT−2.12M0−$90M$0
OIL STATES INTL INC SR UNSEC CONVSOLD OUT−26.70M0−$20M$0
EPREPR PROPERTIES REITSOLD OUT−165.8K0−$5M$0
BRISTOL-MEYERS SQUIBB CVRSOLD OUT−9.01M0−$5M$0
RETAIL VALUE INC COMMONSOLD OUT−194.9K0−$3M$0
ISTAR INC REITSOLD OUT−77.5K0−$1M$0
TRIBGBPTRINITY BIOTECH PLC ADRTRIMMED−503.7K488.9K−$2M$2M
EIXEDISON INTERNATIONAL COMMONADDED+222.6K1.25M+$9M$73M

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

Holdings — Q1 2021

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EIXEDISON INTERNATIONAL COMMONhistory →CMN34.44%$73M1.25M
2PCGP G & E CORP COMMONhistory →CMN25.47%$54M4.63M
3TRINITY BIOTECH SR UNSEC CONVNOTE14.85%$32M39.52M
4NEW MOUNTAIN FIN CORP SR UNSEC CONVNOTE7.36%$16M15.00M
5MDCAMDC PARTNERS INC CL A COMMONhistory →CMN4.47%$10M3.05M
6BURBURFORD CAPITAL LTD COMMONhistory →CMN4.18%$9M988.4K
7ARBOR REALTY TRUST INC SR UNSEC CONVNOTE4.13%$9M8.35M
8CCOCLEAR CHANNEL OUTDOOR HOLDINGS INChistory →CMN1.91%$4M2.25M
9PROSPECT CAPITAL CORP SR UNSEC CONVNOTE1.44%$3M2.85M
10TRIBGBPTRINITY BIOTECH PLC ADRCMN0.86%$2M488.9K
11IRSA ADRCMN0.75%$2M412.7K
12IRSA PROPIEDADES COMERCIALES S.A. ADRCMN0.07%$150,00015.3K
13FPHFIVE POINTS HOLDINGS LLC - CL A COMMONCMN0.07%$150,00019.8K

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 ↗.