SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Balter Liquid Alternatives, LLC

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

Reported Value
$181M
Q1 2019
Positions
188
Filings on Record
3
2019–present window
Filed
May 13, 2019
original filing

Summary

Balter Liquid Alternatives, LLC reported $181M in U.S.-listed holdings across 188 positions for Q1 2019.

Its largest position, RCMEUR, represents 4.3% of the portfolio.

Compared with Q4 2018, the fund opened 52 new positions and exited 77.

Portfolio Metrics

Turnover
+26.2%
vs prior filed quarter
Top-10 Concentration
+20.8%
share of reported value
Largest Position
+4.3%
R1 Rcm
New / Exited
52 / 77
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: 87.0%Other: 11.2%REIT: 1.3%ADR: 0.4%ETP: 0.1%
  • Common Stock · 87.0% · $158M
  • Other · 11.2% · $20M
  • REIT · 1.3% · $2M
  • ADR · 0.4% · $792,000
  • ETP · 0.1% · $91,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Plantronics Inc NewNEW+68.9K68.9K+$3M$3M
ARMKAramarkNEW+82.5K82.5K+$2M$2M
REZIRESIDEO TECHNOLOGIES, INC.NEW+87.8K87.8K+$2M$2M
Hudson LtdNEW+100.5K100.5K+$1M$1M
CBTCabot CorpNEW+30.2K30.2K+$1M$1M
HRBBlock H & R IncNEW+48.3K48.3K+$1M$1M
2655957DPremier IncNEW+32.9K32.9K+$1M$1M
MGMistras Group IncNEW+78.1K78.1K+$1M$1M

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

Holdings — Q1 2019

50 positions
#IssuerClass% PortfolioValueShares
1RCMEURR1 RCM Inchistory →COM4.27%$8M800.5K
2NXSTNexstar Media Group Inchistory →CL A3.38%$6M56.5K
3Craft Brew Alliance IncCOM2.10%$4M271.5K
4Plantronics Inc NewCOM1.75%$3M68.9K
5DISCKUSDDiscovery Inchistory →COM SER C1.65%$3M117.3K
6CMCSAComcast Corp Newhistory →CL A1.60%$3M72.7K
7IRDMIridium Communications Inchistory →COM1.56%$3M106.6K
8FDXFedEx Corphistory →COM1.55%$3M15.4K
9Mylan N VSHS EURO1.49%$3M95.4K
10MSFTMicrosoft Corphistory →COM1.48%$3M22.7K
11EMNEastman Chem Cohistory →COM1.44%$3M34.4K
12CSCOCisco Sys Inchistory →COM1.43%$3M48.1K
13MCKMcKesson Corphistory →COM1.41%$3M21.8K
14RJFRaymond James Financial Inchistory →COM1.40%$3M31.5K
15ARMKAramarkhistory →COM1.35%$2M82.5K
16CRAICRA Intl Inchistory →COM1.34%$2M48.1K
17BHCBausch Health Cos Inchistory →COM1.34%$2M98.3K
18PRUPrudential Finl Inchistory →COM1.29%$2M25.5K
19BDCBelden Inchistory →COM1.29%$2M43.5K
20GRPNCHFGroupon Inchistory →COM1.21%$2M619.6K
21TAT&T Inchistory →COM1.20%$2M69.0K
22GPKGraphic Packaging Hldg Cohistory →COM1.13%$2M162.4K
23LKQ1LKQ Corphistory →COM1.12%$2M71.6K
24AWIArmstrong World Industries Inchistory →COM1.09%$2M24.9K
25CLSEURCelestica Inchistory →SUB VTG SHS1.08%$2M232.3K
26TKRTimken Cohistory →COM1.08%$2M44.7K
27CCKCrown Holdings Inchistory →COM1.07%$2M35.6K
28CTSHCognizant Technology Solutions Corphistory →CL A1.05%$2M26.3K
29SANMSanmina Corporationhistory →COM1.05%$2M65.8K
30AAWWUSDAtlas Air Worldwide Holdings Inhistory →COM NEW1.05%$2M37.5K
31GSGoldman Sachs Group Inchistory →COM1.03%$2M9.7K
32ACMAECOMhistory →COM1.01%$2M61.8K
33WCCWESCO Intl IncCOM1.00%$2M34.0K
34LEALear CorpCOM NEW0.99%$2M13.2K
35CVSCVS Health CorpCOM0.98%$2M32.8K
36MIGAMicroStrategy IncCL A NEW0.94%$2M11.9K
37Ardagh Group SACL A0.94%$2M130.9K
38REZIRESIDEO TECHNOLOGIES, INC.COM0.93%$2M87.8K
39CSG Systems International IncCOM0.84%$2M36.2K
40Flex LtdCOM0.81%$1M147.3K
41JXC1j2 Global IncCOM0.81%$1M17.0K
42MTZMasTec IncCOM0.78%$1M29.4K
43Hudson LtdCOM CL A0.76%$1M100.5K
44WDCWestern Digital CorpCOM0.76%$1M28.7K
45ERIEUREldorado Resorts IncCOM NEW0.76%$1M29.5K
46WDRWaddell & Reed Finl IncCL A0.76%$1M79.3K
47TBITrueBlue IncCOM0.74%$1M56.7K
48MIKUSDMichaels Cos IncCOM0.74%$1M117.0K
49LMBLimbach Hldgs IncCOM0.73%$1M172.4K
50VYXNCR Corp NewCOM0.73%$1M48.3K

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 ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • Millrace Asset Group, Inc.028-16781
  • 12th Street Asset Management Company, LLC028-16737

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 ↗.