Orinda Asset Management 13F annual report

Orinda Asset Management is an investment fund managing more than $52.6 million ran by Craig Kirkpatrick. There are currently 38 companies in Mr. Kirkpatrick’s portfolio. The largest investments include Rlj Lodging Tr and Blackstone Mtg Tr Inc, together worth $8.59 million.

Limited to 30 biggest holdings

$52.6 million Assets Under Management (AUM)

As of 13th October 2020, Orinda Asset Management’s top holding is 229,034 shares of Rlj Lodging Tr currently worth over $5.01 million and making up 9.5% of the portfolio value. In addition, the fund holds 148,600 shares of Blackstone Mtg Tr Inc worth $3.58 million. The third-largest holding is Arbor Rlty Tr Inc worth $3.51 million and the next is Nuveen Pfd & Income Opportunit worth $3.11 million, with 377,900 shares owned.

Currently, Orinda Asset Management's portfolio is worth at least $52.6 million. 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 Orinda Asset Management

The Orinda Asset Management office and employees reside in Lafayette, California. According to the last 13-F report filed with the SEC, Craig Kirkpatrick serves as the Managing Partner at Orinda Asset Management.

Recent trades

In the most recent 13F filing, Orinda Asset Management revealed that it had opened a new position in Agnc Invt Corp and bought 150,000 shares worth $1.94 million.

The investment fund also strengthened its position in Rlj Lodging Tr by buying 8,634 additional shares. This makes their stake in Rlj Lodging Tr total 229,034 shares worth $5.01 million.

On the other hand, there are companies that Orinda Asset Management is getting rid of from its portfolio. Orinda Asset Management closed its position in CubeSmart on 20th October 2020. It sold the previously owned 35,000 shares for $938 thousand. Craig Kirkpatrick also disclosed a decreased stake in Nuveen Pfd & Income Opportunit by 0.2%. This leaves the value of the investment at $3.11 million and 377,900 shares.

One of the smallest hedge funds

The two most similar investment funds to Orinda Asset Management are Gramercy Funds Management and Samson Capital Management. They manage $48.8 million and $48.6 million respectively.

Craig Kirkpatrick investment strategy

Orinda Asset Management’s portfolio is diversified across 2 sectors. Currently, their heaviest sector is Real Estate — making up 21.4% of the total portfolio value. The fund focuses on investments in the United States as 26.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 11% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $6.22 billion.

The complete list of Orinda Asset Management trades based on 13F SEC filings

These positions were updated on October 20th 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
Rlj Lodging Tr	3.92% 229,034	$5,014,000	9.52%
Blackstone Mtg Tr Inc	74.82% 148,600	$3,580,000	6.80%
Arbor Rlty Tr Inc	30.13% 380,000	$3,511,000	6.67%
Nuveen Pfd & Income Opportunit	16.19% 377,900	$3,110,000	5.91%
Wp Carey Inc	125.00% 45,000	$3,044,000	5.78%
Annaly Capital Management, Inc.	940.53% 416,210	$2,730,000	5.19%
Stag Indl Inc	75.00% 70,000	$2,052,000	3.90%
Agnc Invt Corp	Opened 150,000	$1,935,000	3.68%
Starwood Ppty Tr Inc	4.17% 125,000	$1,870,000	3.55%
Qts Rlty Tr Inc	Opened 27,000	$1,730,000	3.29%
Sabra Health Care REIT, Inc.	33.40% 116,555	$1,682,000	3.19%
Essex Ppty Tr Inc	Opened 7,000	$1,604,000	3.05%
Sl Green Rlty Corp	Opened 32,500	$1,602,000	3.04%
Tpg Re Fin Tr Inc	184.27% 185,000	$1,591,000	3.02%
Digital Rlty Tr Inc	Opened 10,000	$1,421,000	2.70%
Vanguard Index Fds Real Estate	Opened 17,500	$1,374,000	2.61%
Ventas, Inc.	44.44% 37,500	$1,373,000	2.61%
Apollo Coml Real Est Fin Inc C	170.34% 135,171	$1,326,000	2.52%
Vornado Rlty Tr	Opened 32,500	$1,242,000	2.36%
Invitation Homes, Inc.	Opened 41,000	$1,129,000	2.14%
Boston Properties, Inc.	Opened 12,000	$1,085,000	2.06%
Ready Capital Corp.	No change 49,941	$1,036,000	1.97%
CubeSmart	Closed 35,000	$938,000
VEREIT, Inc.	74.16% 135,000	$868,000	1.65%
Ladder Cap Corp	Opened 100,000	$810,000	1.54%
Iron Mtn Inc New	Opened 30,000	$783,000	1.49%
Chimera Invt Corp	Closed 83,996	$764,000
Bluerock Residential Gwt Reit	6.31% 92,676	$749,000	1.42%
Hyatt Hotels Corp.	Closed 15,000	$719,000
Qts Rlty Tr Inc	No change 5,000	$710,000	1.35%
Lexington Realty Trust	Opened 60,000	$633,000	1.20%
Oaktree Specialty Lending Corp	19.06% 134,700	$602,000	1.14%
Ready Cap Corp	Closed 80,000	$578,000
Colony Cap Inc New	Closed 295,440	$517,000
Kkr Real Estate Fin Tr Inc	Opened 28,614	$474,000	0.90%
Exantas Cap Corp	15.00% 170,000	$451,000	0.86%
City Office REIT, Inc.	12.50% 35,000	$352,000	0.67%
Investors Real Estate Trust	Closed 5,000	$275,000
Ares Coml Real Estate Corp	Opened 30,000	$274,000	0.52%
Global Net Lease, Inc.	Opened 14,830	$248,000	0.47%
Tanger Factory Outlet Ctrs Inc	Opened 30,000	$214,000	0.41%
New Residential Invt Corp	Closed 37,785	$189,000
Granite Pt Mtg Tr Inc	68.75% 25,000	$180,000	0.34%
Independence Rlty Tr Inc	Closed 16,730	$150,000
Macerich Co.	Opened 16,420	$147,000	0.28%
Preferred Apt Cmntys Inc	Opened 14,670	$111,000	0.21%
No transactions found
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