Managers / Q3 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 $37M in U.S.-listed holdings across 7 positions for Q3 2019.
The portfolio is heavily concentrated: Stonemor Partners L P alone accounts for 46.9% of reported value.
Compared with Q2 2019, the fund opened 1 new position 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
- Other · 55.9% · $21M
- Common Stock · 44.1% · $16M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JAKKS PAC INCREVEALED | NEW | +1.14M | 1.14M | +$976,000 | $976,000 |
| SPYSPDR S&P 500 ETF TR | SOLD OUT | −1.70M | 0 | −$503M | $0 |
| STAGE STORES INCREVEALED | ADDED | +4.30M | 8.60M | +$13M | $16M |
| INDEPENDENCE CONTRACT DRIL IREVEALED | ADDED | +969.7K | 1.94M | +$796,000 | $2M |
| STONEMOR PARTNERS L PREVEALED | ADDED | +7.75M | 15.50M | +$155,000 | $17M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2019REVEALED
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STONEMOR PARTNERS L PREVEALED | COM UNITS INT | 46.91% | $17M | 15.50M |
| 2 | STAGE STORES INCREVEALED | COM NEW | 44.09% | $16M | 8.60M |
| 3 | INDEPENDENCE CONTRACT DRIL IREVEALED | COM | 6.35% | $2M | 1.94M |
| 4 | JAKKS PAC INCREVEALED | COM | 2.66% | $976,000 | 1.14M |
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 ↗.