Benefit Street Partners 13F annual report

Benefit Street Partners is an investment fund managing more than $29.2 billion ran by Nina Baryski. There are currently 8 companies in Mrs. Baryski’s portfolio. The largest investments include Frontier Communications Pare and Berry Corp, together worth $21.4 billion.

$29.2 billion Assets Under Management (AUM)

As of 8th May 2023, Benefit Street Partners’s top holding is 553,709 shares of Frontier Communications Pare currently worth over $12.6 billion and making up 43.2% of the portfolio value. In addition, the fund holds 1,115,128 shares of Berry Corp worth $8.75 billion, whose value fell 26.3% in the past six months. The third-largest holding is Clear Channel Outdoor Hldgs worth $2.09 billion and the next is Skillsoft Corp worth $1.85 billion, with 923,836 shares owned.

Currently, Benefit Street Partners's portfolio is worth at least $29.2 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Benefit Street Partners

The Benefit Street Partners office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Nina Baryski serves as the Authorized Signatory at Benefit Street Partners.

Recent trades

In the most recent 13F filing, Benefit Street Partners revealed that it had opened a new position in Frontier Communications Pare and bought 553,709 shares worth $12.6 billion.

On the other hand, there are companies that Benefit Street Partners is getting rid of from its portfolio. Benefit Street Partners closed its position in Taseko Mines on 15th May 2023. It sold the previously owned 11,693,811 shares for $20.1 million. Nina Baryski also disclosed a decreased stake in Berry Corp by 0.9%. This leaves the value of the investment at $8.75 billion and 1,115,128 shares.

One of the smallest hedge funds

The two most similar investment funds to Benefit Street Partners are Natixis Advisors, L.P. and Triatomic Management L.P.. They manage $29.1 billion and $28.9 billion respectively.

Nina Baryski investment strategy

Benefit Street Partners’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Energy — making up 30.0% of the total portfolio value. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 13% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $463 million.

The complete list of Benefit Street Partners trades based on 13F SEC filings

These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Frontier Communications Pare	Opened 553,709	$12,607,954,000	43.19%
Berry Corp	91.22% 1,115,128	$8,753,755,000	29.99%
Clear Channel Outdoor Hldgs	11.45% 1,739,957	$2,087,948,000	7.15%
Skillsoft Corp	Opened 923,836	$1,847,672,000	6.33%
iHeartMedia, Inc.	25.72% 430,746	$1,679,909,000	5.75%
Casa Sys Inc	17.82% 1,100,023	$1,397,029,000	4.79%
ACRES Commercial Realty Corp	Opened 76,156	$740,236,000	2.54%
Cumulus Media Inc.	87.46% 20,622	$76,095,000	0.26%
Taseko Mines Ltd.	Closed 11,693,811	$20,060,000
Cheniere Energy Inc.	Closed 165,000	$11,882,000
PlayAGS Inc	Closed 1,417,853	$11,456,000
Devon Energy Corp.	Closed 408,472	$8,925,000
Welbilt Inc	Closed 506,436	$8,230,000
Vistra Corp	Closed 386,907	$6,841,000
Williams Cos Inc	Closed 204,873	$4,853,000
SLB	Closed 144,800	$3,937,000
Cimarex Energy Co.	Closed 63,800	$3,789,000
TPI Composites Inc	Closed 60,000	$3,386,000
Cf Inds Hldgs Inc	Closed 60,000	$2,723,000
Jakks Pac Inc	Closed 287,040	$2,047,000
AES Corp.	Closed 75,000	$2,011,000
Bain Cap Specialty Fin Inc	Closed 100,379	$1,484,000
Apollo Invt Corp	Closed 100,540	$1,379,000
Carlyle Secured Lending Inc	Closed 102,470	$1,353,000
Ladder Cap Corp	Closed 107,600	$1,270,000
Fs Kkr Cap Corp Ii	Closed 64,628	$1,262,000
Granite Pt Mtg Tr Inc	Closed 104,100	$1,246,000
New Residential Invt Corp	Closed 100,000	$1,125,000
Waitr Holdings Inc	Closed 250,000	$733,000
Ishares Inc	Closed 15,000	$696,000
PG&E Corp.	Closed 54,700	$641,000
Barings BDC Inc	Closed 55,000	$549,000
Tpg Re Fin Tr Inc	Closed 45,951	$515,000
Ishares Tr	Closed 31,600	$880,000
Targa Res Corp	Closed 15,000	$476,000
Blucora Inc	Closed 28,000	$466,000
Oi Sa	Closed 240,541	$399,000
Synacor Inc	Closed 59,785	$131,000
HC2 Holdings Inc	Closed 244,329	$89,000
Sandridge Energy Inc	Closed 318	$1,000
No transactions found
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