Managers / Q2 2020 · 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 $59M in U.S.-listed holdings across 3 positions for Q2 2020.
The portfolio is heavily concentrated: Stonemor alone accounts for 96.1% of reported value.
Compared with Q1 2020, 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
- Common Stock · 97.7% · $58M
- US DOMESTIC · 2.3% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GRANITE PT MTG TR INC | NEW | +2.00M | 2.00M | +$1M | $1M |
| STAGE STORES INC | SOLD OUT | −4.30M | 0 | −$2M | $0 |
| STONEMOR INC | ADDED | +23.29M | 72.80M | +$5M | $57M |
| JAKKS PAC INC | HELD | +0 | 1.14M | +$538,000 | $936,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STONEMOR INC | COM | 96.08% | $57M | 72.80M |
| 2 | GRANITE PT MTG TR INC | NOTE 6.375%10/0 | 2.33% | $1M | 2.00M |
| 3 | JAKKS PAC INC | COM | 1.59% | $936,000 | 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 ↗.