SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Benefit Street Partners LLC

CIK 0001543160 · ONE MADISON AVENUE, SUITE 1600, NEW YORK, NY, 10010 · 401-751-1700

Reported Value
$403M
Q3 2019
Positions
34
Filings on Record
22
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Benefit Street Partners LLC reported $403M in U.S.-listed holdings across 34 positions for Q3 2019.

The portfolio is heavily concentrated: Berry Pete alone accounts for 32.1% of reported value.

Compared with Q2 2019, the fund opened 4 new positions and exited 10.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+81.7%
share of reported value
Largest Position
+32.1%
Berry Pete
New / Exited
4 / 10
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: $1.2BQ1 ’19Q2 ’19: $1.1BQ3 ’19: $403MQ4 ’19: $211MQ4 ’19Q1 ’20: $170MQ2 ’20: $395MQ3 ’20: $204MQ3 ’20Q4 ’20: $688MQ1 ’21: $704MQ2 ’21: $262MQ2 ’21Q3 ’21: $265MQ4 ’21: $302MQ1 ’22: $540MQ1 ’22Q2 ’22: $168MQ3 ’22: $85MQ4 ’22: $52MQ4 ’22Q1 ’23: $49MQ2 ’23: $31MQ3 ’23: $20MQ3 ’23Q4 ’25: $91MQ1 ’26: $86Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 75.9%US DOMESTIC: 8.9%Other: 8.6%ADR: 6.6%
  • Common Stock · 75.9% · $306M
  • US DOMESTIC · 8.9% · $36M
  • Other · 8.6% · $35M
  • ADR · 6.6% · $27M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IHRTIHEARTMEDIA INCNEW+1.22M1.22M+$18M$18M
AVAYA HLDGS CORPNEW+14.11M14.11M+$12M$12M
RRCRANGE RES CORPNEW+500.0K500.0K+$2M$2M
JAKKS PAC INCNEW+1.12M1.12M+$957,000$957,000
SPDR S&P 500 ETF TRSOLD OUT−1.60M0−$470M$0
ISHARES TRSOLD OUT−1.00M0−$106M$0
WPX ENERGY INCSOLD OUT−2.13M0−$24M$0
DIAMONDBACK ENERGY INCSOLD OUT−130.0K0−$14M$0

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

Holdings — Q3 2019

23 positions (from 33 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BERRY PETE CORPCOM32.07%$129M13.80M
2AVAYA HLDGS CORPCOM · NOTE 2.250% 6/19.52%$38M16.70M
3STNGSCORPIO TANKERS INChistory →SHS8.02%$32M1.09M
4OI S ASPONSORED ADR NE6.62%$27M24.25M
5CHESAPEAKE ENERGY CORPNOTE 5.500% 9/15.53%$22M37.31M
6LNGCHENIERE ENERGY INCCOM NEW · NOTE 4.250% 3/15.32%$21M2.31M
7IHRTIHEARTMEDIA INChistory →COM CL A4.56%$18M1.22M
8PIONEER NAT RES COCOM4.18%$17M134.0K
9VSTVISTRA ENERGY CORPhistory →COM3.11%$13M468.2K
10XXYCROSS CTRY HEALTHCARE INChistory →COM2.78%$11M1.09M
11WPX ENERGY INCCOM2.13%$9M810.0K
12CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM1.87%$8M2.98M
13CONCHO RES INCCOM1.63%$7M96.4K
14NII HLDGS INCCOM PAR1.39%$6M2.86M
15THCTENET HEALTHCARE CORPCOM NEW0.87%$3M157.7K
16SPBSPECTRUM BRANDS HLDGS INC NECOM0.63%$3M48.2K
17RRCRANGE RES CORPCOM0.47%$2M500.0K
18JAKKS PAC INCCOM0.24%$957,0001.12M
19CMLSQCUMULUS MEDIA INCCOM CLASS A0.22%$867,00059.6K
20FTS INTERNATIONAL INCCOM0.18%$732,000326.8K
21HC2 HLDGS INCCOM0.17%$666,000283.5K
22FRONTIER COMMUNICATIONS CORPCOM NEW0.06%$260,000300.0K
23SYNCSYNACOR INCCOM0.02%$84,00059.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$86M19Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$91M17Jan 22, 202613F-HRchanges · EDGAR ↗
Q3 2023$20M8Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$31M9Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$49M13May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$52M11Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$85M15Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$168M17Jul 27, 202213F-HRchanges · EDGAR ↗
Q1 2022$540M28May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$302M45Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$265M43Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$262M40Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$704M43May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$688M39Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$204M35Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$395M27Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$170M21May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$211M19Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$403M34Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.1B42Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.2B40May 28, 2019RESTATEMENTchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Benefit Street Credit Alpha Master Fund Ltd.028-18458
  • FRANKLIN RESOURCES INC028-00734

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 ↗.