Beach Point Capital Management L.P. 13F annual report
Beach Point Capital Management L.P. is an investment fund managing more than $286 billion ran by Lawrence Goldman. There are currently 11 companies in Mr. Goldman’s portfolio. The largest investments include Velocity Finl Inc and Diebold Nixdorf Inc, together worth $194 billion.
$286 billion Assets Under Management (AUM)
As of 17th April 2024, Beach Point Capital Management L.P.’s top holding is 5,434,980 shares of Velocity Finl Inc currently worth over $97.8 billion and making up 34.2% of the portfolio value.
In addition, the fund holds 2,791,220 shares of Diebold Nixdorf Inc worth $96.1 billion, whose value grew 71.6% in the past six months.
The third-largest holding is Global Business Travel Group worth $42.5 billion and the next is Great Ajax Corp worth $12 billion, with 3,167,288 shares owned.
Currently, Beach Point Capital Management L.P.'s portfolio is worth at least $286 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 Beach Point Capital Management L.P.
The Beach Point Capital Management L.P. office and employees reside in Santa Monica, California. According to the last 13-F report filed with the SEC, Lawrence Goldman serves as the Chief Adminstrative Officer at Beach Point Capital Management L.P..
Recent trades
In the most recent 13F filing, Beach Point Capital Management L.P. revealed that it had opened a new position in
Global Business Travel Group and bought 7,074,482 shares worth $42.5 billion.
The investment fund also strengthened its position in Velocity Finl Inc by buying
127,145 additional shares.
This makes their stake in Velocity Finl Inc total 5,434,980 shares worth $97.8 billion.
On the other hand, there are companies that Beach Point Capital Management L.P. is getting rid of from its portfolio.
Beach Point Capital Management L.P. closed its position in Nuveen Ca Qualty Mun Income on 24th April 2024.
It sold the previously owned 1,398,081 shares for $15.5 billion.
Lawrence Goldman also disclosed a decreased stake in Diebold Nixdorf Inc by 0.1%.
This leaves the value of the investment at $96.1 billion and 2,791,220 shares.
One of the smaller hedge funds
The two most similar investment funds to Beach Point Capital Management L.P. are Measured Wealth Private Client and Matthew 25 Management Corp. They manage $286 billion and $286 billion respectively.
Lawrence Goldman investment strategy
Beach Point Capital Management L.P.’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Technology — making up 33.6% of
the total portfolio value.
The fund focuses on investments in the United States as
27.3% 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
approximately 0.1% 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 $460 million.
The complete list of Beach Point Capital Management L.P. trades based on 13F SEC filings
These positions were updated on April 24th 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 |
|---|---|---|---|
| Velocity Finl Inc |
2.40%
5,434,980
|
$97,829,640,000 | 34.21% |
| Diebold Nixdorf Inc |
10.21%
2,791,220
|
$96,129,617,000 | 33.62% |
| Global Business Travel Group |
Opened
7,074,482
|
$42,517,637,000 | 14.87% |
| Nuveen Ca Qualty Mun Income |
Closed
1,398,081
|
$15,504,718,000 | |
| Great Ajax Corp |
39.29%
3,167,288
|
$12,035,694,000 | 4.21% |
| Western Ast Infl Lkd Opp I |
34.51%
1,310,706
|
$11,311,393,000 | 3.96% |
| Terran Orbital Corporation |
No change
6,301,168
|
$8,254,530,000 | 2.89% |
| Frontier Communications Pare |
22.40%
242,596
|
$5,943,602,000 | 2.08% |
| Hudson Pac Pptys Inc |
374.23%
844,995
|
$5,450,218,000 | 1.91% |
| MultiPlan Corporation |
1.14%
6,073,397
|
$4,926,740,000 | 1.72% |
| Ag Mtg Invt Tr Inc |
Closed
575,199
|
$3,652,514,000 | |
| Fs Kkr Cap Corp |
62.50%
74,256
|
$1,416,062,000 | 0.50% |
| Dragonfly Energy Holdings Co |
No change
249,095
|
$134,511,000 | 0.05% |
| No transactions found | |||
| Showing first 500 out of 13 holdings | |||
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