SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Birch Grove Capital LP

CIK 0001652355 · 590 MADISON AVENUE, 38TH FLOOR, NEW YORK, NY, 10022 · 212-753-7510

Reported Value
$222M
Q4 2018
Positions
28
Filings on Record
26
2019–present window
Filed
Feb 14, 2019
original filing

Summary

Birch Grove Capital LP reported $222M in U.S.-listed holdings across 28 positions for Q4 2018.

Its largest position, Rti Intl Metals, represents 13.9% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+80.7%
share of reported value
Largest Position
+13.9%
Rti Intl Metals

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

13F Reported Value
Q4 ’18: $222MQ4 ’18Q1 ’19: $166MQ2 ’19: $131MQ3 ’19: $135MQ3 ’19Q4 ’19: $81MQ1 ’20: $70MQ2 ’20: $121MQ2 ’20Q3 ’20: $185MQ4 ’20: $192MQ1 ’21: $230MQ1 ’21Q2 ’21: $206MQ3 ’21: $212MQ4 ’21: $221MQ4 ’21Q1 ’22: $245MQ2 ’22: $252MQ3 ’22: $256MQ3 ’22Q4 ’22: $202MQ1 ’23: $110MQ2 ’23: $68MQ2 ’23Q3 ’23: $57MQ4 ’23: $23MQ1 ’24: $13MQ1 ’24Q2 ’24: $10MQ3 ’24: $10Mfilingsflow.com

Portfolio Composition

By security type
US DOMESTIC: 90.8%Other: 7.4%Common Stock: 1.2%ETP: 0.6%
  • US DOMESTIC · 90.8% · $202M
  • Other · 7.4% · $17M
  • Common Stock · 1.2% · $3M
  • ETP · 0.6% · $1M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
RTI INTL METALS INCNEW+31.00M31.00M+$31M$31M
NUANCE COMMUNICATIONS INCNEW+28.53M28.53M+$27M$27M
AKAMAI TECHNOLOGIES INCNEW+22.84M22.84M+$23M$23M
ALLSCRIPTS HEALTHCARE SOLUTNNEW+22.00M22.00M+$21M$21M
CALAMP CORPNEW+16.22M16.22M+$15M$15M
AVID TECHNOLOGY INCNEW+15.70M15.70M+$14M$14M
INDEPENDENCE CONTRACT DRILLINGNEW+4.25M4.25M+$14M$14M
JAZZ INVESTMENTS I LTDNEW+12.60M12.60M+$12M$12M

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

Holdings — Q4 2018

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RTI INTL METALS INCNOTE 1.625% 10/113.88%$31M31.00M
2NUANCE COMMUNICATIONS INCDEBT 1.500% 11/012.00%$27M28.53M
3AKAMAI TECHNOLOGIES INCDBCV 2/110.21%$23M22.84M
4ALLSCRIPTS HEALTHCARE SOLUTNNOTE 1.250% 7/09.55%$21M22.00M
5CALAMP CORPNOTE 1.625% 5/16.92%$15M16.22M
6AVID TECHNOLOGY INCNOTE 2.000% 6/16.39%$14M15.70M
7INDEPENDENCE CONTRACT DRILLINGCOM6.07%$14M4.25M
8JAZZ INVESTMENTS I LTDNOTE 1.875% 8/15.50%$12M12.60M
9GOLAR LNG LTDNOTE 2.750% 2/15.12%$11M12.24M
10KNOWLES CORPNOTE 3.250% 11/05.02%$11M10.79M
11CARDTRONICS PLCNOTE 1.000% 12/04.22%$9M10.10M
12CLOVIS ONCOLOGY INCNOTE 2.500% 9/13.78%$8M10.00M
13AMAG PHARMACEUTICALS INCNOTE 2.500% 2/13.24%$7M7.42M
14ZILLOW GROUP INCNOTE 2.000% 12/02.64%$6M6.00M
15ANI PHARMACEUTICALS INCNOTE 3.000% 12/02.29%$5M5.11M
16CHURCHILL CAPITAL CORPUNIT 99/99/99991.36%$3M300.0K
17J ALEXANDERS HLDGS INCCOM0.76%$2M205.7K
18EVERI HLDGS INCCOM0.07%$154,00029.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2024$10M3Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$10M4Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$13M6May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$23M9Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$57M12Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$68M13Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023REVEALED$110M20May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$202M33Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$256M41Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$252M41Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$245M38May 17, 202213F-HRchanges · EDGAR ↗
Q4 2021$221M47Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$212M52Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$206M46Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$230M50May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$192M40Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$185M46Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$121M43Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$70M13May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$81M16Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$135M29Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$131M13Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$166M23May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$222M28Feb 14, 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 ↗.