Sound Point Capital Management, L.P. 13F annual report

Sound Point Capital Management, L.P. is an investment fund managing more than $13.4 million ran by Wendy Ruberti. There are currently 12 companies in Mrs. Ruberti’s portfolio. The largest investments include Maxar Technologies Inc and Spdr Gold Tr, together worth $3.55 million.

$13.4 million Assets Under Management (AUM)

As of 8th November 2021, Sound Point Capital Management, L.P.’s top holding is 76,000 shares of Maxar Technologies Inc currently worth over $2.15 million and making up 16.1% of the portfolio value. Relative to the number of outstanding shares of Maxar Technologies Inc, Sound Point Capital Management, L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 8,539 shares of Spdr Gold Tr worth $1.4 million. The third-largest holding is iHeartMedia worth $1.31 million and the next is Alps Etf Tr worth $1.25 million, with 37,478 shares owned.

Currently, Sound Point Capital Management, L.P.'s portfolio is worth at least $13.4 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 Sound Point Capital Management, L.P.

The Sound Point Capital Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Wendy Ruberti serves as the General Counsel at Sound Point Capital Management, L.P..

Recent trades

In the most recent 13F filing, Sound Point Capital Management, L.P. revealed that it had opened a new position in Mudrick Capital Acqu Corp Ii and bought 90,000 shares worth $896 thousand.

The investment fund also strengthened its position in Maxar Technologies Inc by buying 20,000 additional shares. This makes their stake in Maxar Technologies Inc total 76,000 shares worth $2.15 million. Maxar Technologies Inc dropped approximately 0.1% in the past year.

On the other hand, Wendy Ruberti disclosed a decreased stake in iHeartMedia by 0.2%. This leaves the value of the investment at $1.31 million and 52,448 shares.

One of the smallest hedge funds

The two most similar investment funds to Sound Point Capital Management, L.P. are Corvid Peak Capital Management and Alphagen Securities. They manage $13.3 million and $13.3 million respectively.

Wendy Ruberti investment strategy

Sound Point Capital Management, L.P.’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Communication Services — making up 25.6% of the total portfolio value. The fund focuses on investments in the United States as 33.3% 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 8% 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 $1.9 billion.

The complete list of Sound Point Capital Management, L.P. trades based on 13F SEC filings

These positions were updated on November 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
Maxar Technologies Inc	35.71% 76,000	$2,152,000	16.10%
Spdr Gold Tr	No change 8,539	$1,402,000	10.49%
iHeartMedia, Inc.	19.25% 52,448	$1,312,000	9.82%
Alps Etf Tr	No change 37,478	$1,249,000	9.35%
Sinclair Broadcast Group, Inc.	No change 38,409	$1,217,000	9.11%
Lions Gate Entmnt Corp	14.99% 70,063	$911,000	6.82%
Gray Television, Inc.	No change 39,257	$896,000	6.70%
Mudrick Capital Acqu Corp Ii	Opened 90,000	$896,000	6.70%
Clear Channel Outdoor Hldgs	23.46% 326,189	$884,000	6.61%
VanEck ETF Trust	No change 41,071	$1,341,000	10.03%
Dish Network Corporation	No change 13,809	$600,000	4.49%
Loral Space & Com Inc	Opened 11,716	$504,000	3.77%
No transactions found
Showing first 500 out of 12 holdings