Managers / Q2 2019 · view latest →
AXAR CAPITAL MANAGEMENT L.P.
CIK 0001650781 · 402 W 13TH STREET, FLOOR 5, NEW YORK, NY, 10014 · 212.356.6130
Summary
Axar Capital Management L.P. reported $525M in U.S.-listed holdings across 4 positions for Q2 2019.
Its largest position, Stonemor Partners L P, represents 3.3% of the portfolio.
Compared with Q1 2019, the fund opened 0 new positions and exited 2.
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. 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
- ETP · 95.8% · $503M
- Other · 3.5% · $19M
- Common Stock · 0.6% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MRMONTAGE RES CORP | SOLD OUT | −1.25M | 0 | −$19M | $0 |
| MESA AIR GROUP INC | SOLD OUT | −516.7K | 0 | −$4M | $0 |
| SPDR S&P 500 ETF TR | TRIMMED | −800.0K | 1.70M | −$204M | $503M |
| STONEMOR PARTNERS L P | HELD | +0 | 7.75M | −$12M | $17M |
| INDEPENDENCE CONTRACT DRIL I | HELD | +0 | 969.7K | −$1M | $2M |
| SSI3EURSTAGE STORES INC | HELD | +0 | 4.30M | −$1M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STONEMOR PARTNERS L P | COM UNITS INT | 3.25% | $17M | 7.75M |
| 2 | SSI3EURSTAGE STORES INC | COM NEW | 0.63% | $3M | 4.30M |
| 3 | INDEPENDENCE CONTRACT DRIL I | COM | 0.29% | $2M | 969.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2023 | $0 | 1 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $0 | 1 | Aug 8, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $0 | 1 | May 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $0 | 1 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $304M | 1 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $305M | 2 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $234M | 3 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $205M | 3 | Feb 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $225M | 3 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $235M | 3 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $158M | 2 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $219M | 2 | Feb 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $73M | 3 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $59M | 3 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $53M | 3 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $53M | 3 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019REVEALED | $37M | 7 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $525M | 4 | Aug 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $766M | 6 | May 9, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2018 | $334M | 6 | Feb 7, 2019 | 13F-HR | changes · 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 ↗.