SEC 13F Intelligence

Managers / Q2 2021 · view latest →

STONEHILL CAPITAL MANAGEMENT LLC

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

Reported Value
$206M
Q2 2021
Positions
17
Filings on Record
29
2019–present window
Filed
Aug 16, 2021
original filing

Summary

Stonehill Capital Management LLC reported $206M in U.S.-listed holdings across 17 positions for Q2 2021.

The portfolio is heavily concentrated: EIX alone accounts for 35.2% of reported value.

Compared with Q1 2021, the fund opened 8 new positions and exited 4.

Portfolio Metrics

Turnover
+37.9%
vs prior filed quarter
Top-10 Concentration
+95.6%
share of reported value
Largest Position
+35.2%
Edison International Common
New / Exited
8 / 4
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: 61.0%US DOMESTIC: 16.2%GLOBAL: 15.4%ADR: 6.4%REIT: 1.0%Other: 0.1%
  • Common Stock · 61.0% · $125M
  • US DOMESTIC · 16.2% · $33M
  • GLOBAL · 15.4% · $32M
  • ADR · 6.4% · $13M
  • REIT · 1.0% · $2M
  • Other · 0.1% · $276,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TWITTER SR UNSEC CONVNEW+23.78M23.78M+$24M$24M
FYBRFRONTIER COMMUNICATIONS PARENT INCNEW+826.8K826.8K+$22M$22M
ATEXANTERIX INC COMMONNEW+215.1K215.1K+$13M$13M
51JOB INC ADRNEW+150.4K150.4K+$12M$12M
VALVALARIS LTD COMMONNEW+89.5K89.5K+$3M$3M
LIBERTY MEDIA CORP-SIRIUSXM CL C COMMONNEW+55.0K55.0K+$3M$3M
NXDTNEXTPOINT STRATEGIC OPPORTUNITIESNEW+145.9K145.9K+$2M$2M
IRSA INVERSIONES SA WTS EXP 03/25/2026NEW+602.1K602.1K+$114,000$114,000

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

Holdings — Q2 2021

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EIXEDISON INTERNATIONAL COMMONhistory →CMN35.16%$72M1.25M
2TRINITY BIOTECH SR UNSEC CONVNOTE15.37%$32M39.52M
3TWITTER SR UNSEC CONVNOTE11.79%$24M23.78M
4FYBRFRONTIER COMMUNICATIONS PARENT INChistory →CMN10.61%$22M826.8K
5ATEXANTERIX INC COMMONhistory →CMN6.27%$13M215.1K
651JOB INC ADRCMN5.69%$12M150.4K
7BURBURFORD CAPITAL LTD COMMONhistory →CMN4.99%$10M988.4K
8ARBOR REALTY TRUST INC SR UNSEC CONVNOTE2.30%$5M4.35M
9NEW MOUNTAIN FIN CORP SR UNSEC CONVNOTE2.07%$4M4.00M
10MDCAMDC PARTNERS INC CL A COMMONhistory →CMN1.37%$3M482.8K
11VALVALARIS LTD COMMONhistory →CMN1.26%$3M89.5K
12LIBERTY MEDIA CORP-SIRIUSXM CL C COMMONCMN1.24%$3M55.0K
13NXDTNEXTPOINT STRATEGIC OPPORTUNITIESCMN0.98%$2M145.9K
14TRIBGBPTRINITY BIOTECH PLC ADRCMN0.70%$1M488.9K
15IRSA PROPIEDADES COMERCIALES S.A. ADRCMN0.08%$162,00015.3K
16FPHFIVE POINTS HOLDINGS LLC - CL A COMMONCMN0.08%$160,00019.8K
17IRSA INVERSIONES SA WTS EXP 03/25/2026CMN0.06%$114,000602.1K

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 ↗.