SEC 13F Intelligence

Managers / Q2 2019

Balter Liquid Alternatives, LLC

CIK 0001592450 · 125 HIGH STREET, OLIVER STREET TOWER, SUITE 802, BOSTON, MA, 02110 · 617-742-4226

Reported Value
$205M
Q2 2019
Positions
132
Filings on Record
3
2019–present window
Filed
Jul 31, 2019
original filing

Summary

Balter Liquid Alternatives, LLC reported $205M in U.S.-listed holdings across 132 positions for Q2 2019.

Its largest position, AAWWUSD, represents 2.6% of the portfolio.

Compared with Q1 2019, the fund opened 28 new positions and exited 82.

Portfolio Metrics

Turnover
+33.8%
vs prior filed quarter
Top-10 Concentration
+20.0%
share of reported value
Largest Position
+2.6%
Atlas Air Worldwide Holdings In
New / Exited
28 / 82
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. 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: $144MQ4 ’18Q1 ’19: $181MQ1 ’19Q2 ’19: $205MQ2 ’19filingsflow.com

Portfolio Composition

By security type
Common Stock: 85.1%Other: 12.5%ADR: 1.6%REIT: 0.6%ETP: 0.1%
  • Common Stock · 85.1% · $175M
  • Other · 12.5% · $26M
  • ADR · 1.6% · $3M
  • REIT · 0.6% · $1M
  • ETP · 0.1% · $157,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
JBLUJetBlue Awys CorpNEW+244.6K244.6K+$5M$5M
Orion Engineered Carbons S ANEW+145.3K145.3K+$3M$3M
TOTAL S ANEW+52.8K52.8K+$3M$3M
DXCDXC Technology CoNEW+49.8K49.8K+$3M$3M
AVDAmerican Vanguard CorpNEW+163.4K163.4K+$3M$3M
VIABViacom Inc NewNEW+80.4K80.4K+$2M$2M
CBS Corp NewNEW+48.0K48.0K+$2M$2M
MOSMosaic Co NewNEW+86.9K86.9K+$2M$2M

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

Holdings — Q2 2019

50 positions
#IssuerClass% PortfolioValueShares
1AAWWUSDAtlas Air Worldwide Holdings Inhistory →COM NEW2.58%$5M118.5K
2JBLUJetBlue Awys Corphistory →COM2.20%$5M244.6K
3EMNEastman Chem Cohistory →COM2.18%$4M57.4K
4DISCKUSDDiscovery Inchistory →COM SER C2.10%$4M151.6K
5BHCBausch Health Cos Inchistory →COM1.96%$4M159.8K
6Plantronics Inc NewCOM1.87%$4M103.7K
7MSFTMicrosoft Corphistory →COM1.86%$4M28.5K
8PRUPrudential Finl Inchistory →COM1.78%$4M36.2K
9FDXFedEx Corphistory →COM1.75%$4M21.9K
10RJFRaymond James Financial Inchistory →COM1.75%$4M42.4K
11CMCSAComcast Corp Newhistory →CL A1.68%$3M81.3K
12LEALear Corphistory →COM NEW1.60%$3M23.5K
13MCKMcKesson Corphistory →COM1.60%$3M24.4K
14BDCBelden Inchistory →COM1.59%$3M54.8K
15Ardagh Group SACL A1.57%$3M183.9K
16GRPNCHFGroupon Inchistory →COM1.52%$3M872.4K
17JXC1j2 Global Inchistory →COM1.52%$3M35.1K
18Orion Engineered Carbons S ACOM1.52%$3M145.3K
19Mylan N VSHS EURO1.44%$3M155.2K
20TOTAL S ASPONSORED ADS1.43%$3M52.8K
21Flex LtdCOM1.40%$3M300.8K
22ARMKAramarkhistory →COM1.37%$3M78.1K
23DXCDXC Technology Cohistory →COM1.34%$3M49.8K
24GPKGraphic Packaging Hldg Cohistory →COM1.30%$3M191.6K
25CVSCVS Health Corphistory →COM1.28%$3M48.3K
26SANMSanmina Corphistory →COM1.28%$3M86.8K
27TAT&T Inchistory →COM1.26%$3M77.2K
28GSGoldman Sachs Group Inchistory →COM1.26%$3M12.6K
29CBTCabot Corphistory →COM1.26%$3M54.1K
30LKQ1LKQ Corphistory →COM1.24%$3M95.7K
31AVDAmerican Vanguard Corphistory →COM1.23%$3M163.4K
32BVEDiamond Hill Investment Group Inchistory →COM NEW1.23%$3M17.8K
33VIABViacom Inc Newhistory →CL A1.17%$2M80.4K
34IRDMIridium Communications Inchistory →COM1.17%$2M103.3K
35CBS Corp NewCL A1.17%$2M48.0K
36NXP Semiconductors N VCOM1.16%$2M24.5K
37OCOwens Corninghistory →COM1.15%$2M40.6K
38WCCWESCO Intl Inchistory →COM1.14%$2M46.4K
39CLSEURCelestica Inchistory →SUB VTG SHS1.12%$2M337.9K
40CMTLComtech Telecommunications Chistory →COM NEW1.11%$2M80.8K
41NNBRNN Inchistory →COM1.09%$2M229.6K
42VYXNCR Corp Newhistory →COM1.08%$2M71.1K
43MOSMosaic Co Newhistory →COM1.06%$2M86.9K
44MITKMitek Sys Inchistory →COM NEW1.05%$2M217.7K
45CSG Systems International IncCOM1.04%$2M43.8K
46CSCOCisco Sys Inchistory →COM1.04%$2M39.0K
47AXE3EURAnixter Intl Inchistory →COM1.00%$2M34.4K
48CCKCrown Holdings IncCOM0.99%$2M33.2K
49UFIUnifi IncCOM NEW0.94%$2M106.7K
50WDCWestern Digital CorpCOM0.93%$2M40.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2019$205M132Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$181M188May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$144M219Feb 8, 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 ↗.