SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Benefit Street Partners LLC

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

Reported Value
$265M
Q3 2021
Positions
43
Filings on Record
23
2019–present window
Filed
Nov 15, 2021
original filing

Summary

Benefit Street Partners LLC reported $265M in U.S.-listed holdings across 43 positions for Q3 2021.

The portfolio is heavily concentrated: Berry alone accounts for 34.6% of reported value.

Compared with Q2 2021, the fund opened 9 new positions and exited 6.

Portfolio Metrics

Turnover
+11.3%
vs prior filed quarter
Top-10 Concentration
+77.8%
share of reported value
Largest Position
+34.6%
Berry
New / Exited
9 / 6
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
Q4 ’18: $680MQ4 ’18Q1 ’19: $1.2BQ2 ’19: $1.1BQ3 ’19: $403MQ3 ’19Q4 ’19: $211MQ1 ’20: $170MQ2 ’20: $395MQ2 ’20Q3 ’20: $204MQ4 ’20: $688MQ1 ’21: $704MQ1 ’21Q2 ’21: $262MQ3 ’21: $265MQ4 ’21: $302MQ4 ’21Q1 ’22: $540MQ2 ’22: $168MQ3 ’22: $85MQ3 ’22Q4 ’22: $52MQ1 ’23: $49MQ2 ’23: $31MQ2 ’23Q3 ’23: $20MQ4 ’25: $91MQ1 ’26: $86MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 92.8%US DOMESTIC: 4.9%REIT: 1.5%Other: 0.6%ADR: 0.1%
  • Common Stock · 92.8% · $246M
  • US DOMESTIC · 4.9% · $13M
  • REIT · 1.5% · $4M
  • Other · 0.6% · $2M
  • ADR · 0.1% · $217,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CLIMATE REAL IMPACT SLUTINSNEW+20.0K20.0K+$199,000$199,000
PINE TECHNOLOGY ACQUISITN CONEW+20.0K20.0K+$199,000$199,000
GORES HLDGS VIII INCNEW+20.0K20.0K+$199,000$199,000
FORTRESS VALUE ACQUIS CORP INEW+20.0K20.0K+$199,000$199,000
L CATTERTON ASIA ACQUISITIONNEW+20.0K20.0K+$199,000$199,000
PWP FORWARD ACQUISITION CORPNEW+20.0K20.0K+$199,000$199,000
LAZARD GROWTH ACQUISITION CONEW+20.0K20.0K+$198,000$198,000
DIGITAL TRANSFORMATN OPT CORNEW+20.0K20.0K+$196,000$196,000

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

Holdings — Q3 2021

42 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BERRY CORPCOM34.62%$92M12.70M
2TASEKO MINES LTDCOM8.12%$21M11.40M
3JAKKJAKKS PAC INChistory →COM NEW6.09%$16M1.36M
4FYBRFRONTIER COMMUNICATIONS PAREhistory →COM5.83%$15M553.7K
5IHRTIHEARTMEDIA INChistory →COM CL A5.01%$13M529.9K
6DTMDT MIDSTREAM INChistory →COMMON STOCK4.11%$11M235.0K
7SKILLSOFT CORPCL A4.08%$11M923.8K
8CASA SYS INCCOM3.94%$10M1.54M
9WMBWILLIAMS COS INChistory →COM3.21%$8M327.4K
10AGSPLAYAGS INChistory →COM2.74%$7M920.9K
11LNGCHENIERE ENERGY INCCOM NEW · NOTE 4.250% 3/12.73%$7M2.06M
12GOLAR LNG LTDNOTE 2.750% 2/12.61%$7M7.00M
13VSTVISTRA CORPhistory →COM2.59%$7M400.8K
14CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM2.26%$6M2.21M
15PIONEER NAT RES CONOTE 0.250% 5/11.68%$4M2.75M
16CFCF INDS HLDGS INChistory →COM1.27%$3M60.0K
17CMLSQCUMULUS MEDIA INChistory →COM CL A1.16%$3M250.8K
18STEMSTEM INCCOM0.86%$2M95.0K
19TPI COMPOSITES INCCOM0.77%$2M60.0K
20AESAES CORPCOM0.65%$2M75.0K
21FSKFS KKR CAP CORPCOM0.61%$2M73.4K
22CGBDTCG BDC INCCOM0.52%$1M102.5K
23GPMTGRANITE PT MTG TR INCCOM STK0.52%$1M104.1K
24TRTXTPG RE FIN TR INCCOM0.52%$1M110.1K
25BCSFBAIN CAP SPECIALTY FIN INCCOM STK0.51%$1M90.5K
26MFICAPOLLO INVT CORPCOM NEW0.49%$1M100.5K
27ACRACRES COMMERCIAL REALTY CORPCOM NEW0.47%$1M76.2K
28BLUCORA INCCOM0.35%$921,00059.1K
29TRGPTARGA RES CORPCOM0.32%$840,00017.1K
30BBCPCONCRETE PUMPING HLDGS INCCOM0.31%$830,00097.1K
31PCGPG&E CORPCOM0.20%$525,00054.7K
32WAITR HLDGS INCCOM0.12%$310,000350.0K
33OI SASPONSORED ADR NE0.08%$217,000240.5K
34FORTRESS VALUE ACQUIS CORP IUNIT 12/31/20270.08%$199,00020.0K
35PINE TECHNOLOGY ACQUISITN COUNIT 03/31/20280.08%$199,00020.0K
36PWP FORWARD ACQUISITION CORPUNIT 03/10/20260.08%$199,00020.0K
37L CATTERTON ASIA ACQUISITIONUNIT 03/11/20260.08%$199,00020.0K
38GORES HLDGS VIII INCUNIT 02/01/20280.08%$199,00020.0K
39CLIMATE REAL IMPACT SLUTINSUNIT 99/99/99990.08%$199,00020.0K
40LAZARD GROWTH ACQUISITION COUNIT 99/99/99990.07%$198,00020.0K
41DIGITAL TRANSFORMATN OPT CORUNIT 03/31/20280.07%$196,00020.0K
42JAWS MUSTANG ACQUISITION CORUNIT 99/99/99990.05%$127,00012.7K

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 ↗
Q4 2018$680M46Jan 31, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • 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 ↗.