SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Benefit Street Partners LLC

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

Reported Value
$302M
Q4 2021
Positions
45
Filings on Record
23
2019–present window
Filed
Feb 14, 2022
original filing

Summary

Benefit Street Partners LLC reported $302M in U.S.-listed holdings across 45 positions for Q4 2021.

The portfolio is heavily concentrated: Berry alone accounts for 35.4% of reported value.

Compared with Q3 2021, the fund opened 6 new positions and exited 4.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+73.4%
share of reported value
Largest Position
+35.4%
Berry
New / Exited
6 / 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
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: 92.7%US DOMESTIC: 4.5%PUBLIC: 1.2%REIT: 1.2%Other: 0.4%
  • Common Stock · 92.7% · $280M
  • US DOMESTIC · 4.5% · $14M
  • PUBLIC · 1.2% · $4M
  • REIT · 1.2% · $4M
  • Other · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ARIS WATER SOLUTIONS INCNEW+393.1K393.1K+$5M$5M
NOGNORTHERN OIL AND GAS INC MNNEW+217.0K217.0K+$4M$4M
VIACOMCBS INCNEW+72.4K72.4K+$4M$4M
CRKCOMSTOCK RES INCNEW+447.8K447.8K+$4M$4M
MULTIPLAN CORPORATIONNEW+250.0K250.0K+$1M$1M
CIONCION INVT CORPNEW+82.0K82.0K+$1M$1M
CFCF INDS HLDGS INCADDED+100.1K160.1K+$8M$11M
TPI COMPOSITES INCSOLD OUT−60.0K0−$2M$0

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

Holdings — Q4 2021

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BERRY CORPCOM35.41%$107M12.70M
2TASEKO MINES LTDCOM7.48%$23M11.00M
3FYBRFRONTIER COMMUNICATIONS PAREhistory →COM5.41%$16M553.7K
4JAKKJAKKS PAC INChistory →COM NEW4.97%$15M1.48M
5CFCF INDS HLDGS INChistory →COM3.75%$11M160.1K
6DTMDT MIDSTREAM INChistory →COMMON STOCK3.73%$11M235.0K
7IHRTIHEARTMEDIA INChistory →COM CL A3.69%$11M529.9K
8CASA SYS INCCOM3.17%$10M1.69M
9VSTVISTRA CORPhistory →COM3.02%$9M400.8K
10SKILLSOFT CORPCL A2.80%$8M923.8K
11LNGCHENIERE ENERGY INCCOM NEW · NOTE 4.250% 3/12.45%$7M2.06M
12CCOCLEAR CHANNEL OUTDOOR HLDGShistory →COM2.42%$7M2.21M
13GOLAR LNG LTDNOTE 2.750% 2/12.30%$7M7.00M
14AGSPLAYAGS INChistory →COM2.26%$7M1.00M
15WMBWILLIAMS COS INChistory →COM1.96%$6M226.8K
16ARIS WATER SOLUTIONS INCCLASS A COM1.69%$5M393.1K
17PIONEER NAT RES CONOTE 0.250% 5/11.62%$5M2.75M
18NOGNORTHERN OIL AND GAS INC MNhistory →COM1.48%$4M217.0K
19VIACOMCBS INC5.75% CONV PFD A1.20%$4M72.4K
20CRKCOMSTOCK RES INChistory →COM1.20%$4M447.8K
21STEMSTEM INChistory →COM1.07%$3M170.0K
22CMLSQCUMULUS MEDIA INCCOM CL A0.93%$3M250.8K
23AESAES CORPCOM0.60%$2M75.0K
24FSKFS KKR CAP CORPCOM0.51%$2M73.4K
25CGBDTCG BDC INCCOM0.47%$1M102.5K
26BCSFBAIN CAP SPECIALTY FIN INCCOM STK0.46%$1M90.5K
27TRTXTPG RE FIN TR INCCOM0.45%$1M110.1K
28MFICAPOLLO INVT CORPCOM NEW0.43%$1M100.5K
29GPMTGRANITE PT MTG TR INCCOM STK0.40%$1M104.1K
30MULTIPLAN CORPORATIONCOM0.37%$1M250.0K
31CIONCION INVT CORPCOM0.35%$1M82.0K
32BLUCORA INCCOM0.34%$1M59.1K
33ACRACRES COMMERCIAL REALTY CORPCOM NEW0.31%$950,00076.2K
34TRGPTARGA RES CORPCOM0.30%$892,00017.1K
35BBCPCONCRETE PUMPING HLDGS INCCOM0.26%$796,00097.1K
36PCGPG&E CORPCOM0.22%$664,00054.7K
37WAITR HLDGS INCCOM0.09%$259,000350.0K
38CLIMATE REAL IMPACT SLUTINSUNIT 99/99/99990.07%$199,00020.0K
39DIGITAL TRANSFORMATN OPT CORUNIT 03/31/20280.07%$199,00020.0K
40L CATTERTON ASIA ACQUISITIONUNIT 03/11/20260.07%$198,00020.0K
41FORTRESS VALUE ACQUIS CORP IUNIT 12/31/20270.07%$198,00020.0K
42LAZARD GROWTH ACQUISITION COUNIT 99/99/99990.07%$198,00020.0K
43PWP FORWARD ACQUISITION CORPUNIT 03/10/20260.06%$196,00020.0K
44JAWS MUSTANG ACQUISITION CORUNIT 99/99/99990.04%$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 ↗.