Managers / Q1 2023 · view latest →
Benefit Street Partners LLC
CIK 0001543160 · ONE MADISON AVENUE, SUITE 1600, NEW YORK, NY, 10010 · 401-751-1700
Summary
Benefit Street Partners LLC reported $49M in U.S.-listed holdings across 13 positions for Q1 2023.
The portfolio is heavily concentrated: FYBR alone accounts for 25.8% of reported value.
Compared with Q4 2022, the fund opened 3 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 83.7% · $41M
- US DOMESTIC · 14.8% · $7M
- REIT · 1.5% · $740,236
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CONSOL ENERGY INC NEW | NEW | +214.0K | 214.0K | +$12M | $12M |
| DISH NETWORK CORPORATION | NEW | +2.00M | 2.00M | +$2M | $2M |
| MICROSTRATEGY INC | NEW | +1.00M | 1.00M | +$918,096 | $918,096 |
| TELLURIAN INC NEW | SOLD OUT | −724.6K | 0 | −$1M | $0 |
| BERRY CORP | TRIMMED | −1.22M | 1.12M | −$10M | $9M |
| CASA SYS INC | TRIMMED | −1.09M | 1.10M | −$5M | $1M |
| IHRTIHEARTMEDIA INC | TRIMMED | −99.2K | 430.7K | −$2M | $2M |
| DRAFTKINGS INC NEW | TRIMMED | −185.0K | 3.00M | +$120,445 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FYBRFRONTIER COMMUNICATIONS PAREhistory → | COM | 25.77% | $13M | 553.7K |
| 2 | BERRY CORP | COM | 17.90% | $9M | 1.12M |
| 3 | SPOTIFY USA INC | NOTE 3/1 | 5.17% | $3M | 3.00M |
| 4 | DRAFTKINGS INC NEW | NOTE 3/1 | 4.27% | $2M | 3.00M |
| 5 | CCOCLEAR CHANNEL OUTDOOR HLDGShistory → | COM | 4.27% | $2M | 1.74M |
| 6 | SKILLSOFT CORP | CL A | 3.78% | $2M | 923.8K |
| 7 | DISH NETWORK CORPORATION | NOTE 2.375% 3/1 | 3.52% | $2M | 2.00M |
| 8 | IHRTIHEARTMEDIA INChistory → | COM CL A | 3.43% | $2M | 430.7K |
| 9 | CASA SYS INC | COM | 2.86% | $1M | 1.10M |
| 10 | MICROSTRATEGY INC | NOTE 0.750%12/1 | 1.88% | $918,096 | 1.00M |
| 11 | ACRACRES COMMERCIAL REALTY CORPhistory → | COM NEW | 1.51% | $740,236 | 76.2K |
| 12 | CMLSQCUMULUS MEDIA INC | COM CL A | 0.16% | $76,095 | 20.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $86M | 19 | Apr 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $91M | 17 | Jan 22, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $20M | 8 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $31M | 9 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $49M | 13 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $52M | 11 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $85M | 15 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $168M | 17 | Jul 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $540M | 28 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $302M | 45 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $265M | 43 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $262M | 40 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $704M | 43 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $688M | 39 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $204M | 35 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $395M | 27 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $170M | 21 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $211M | 19 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $403M | 34 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $1.1B | 42 | Aug 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $1.2B | 40 | May 28, 2019 | RESTATEMENT | changes · 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 ↗.