Filed: 2/14/2023ACC: 0000950142-23-000393
📋 What this filing means
BIRCH GROVE CAPITAL LP filed this quarterly 13F‑HR report disclosing 33 equity positions with a total reported market value of $201.77M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
33
Positions
$201.77M
Total AUM (reported)
242.73M
Total Shares
Allocation by class
NOTE 1.750% 2/1$24.60M12.2%
NOTE 3/1$21.91M10.9%
NOTE 3.250% 5/0$15.99M7.9%
NOTE 1.500% 8/1$15.93M7.9%
NOTE 12/1$13.97M6.9%
NOTE 0.750% 2/0$13.44M6.7%
NOTE 0.500% 4/0$12.67M6.3%
Portfolio Concentration
Top 3$56.51M28.0%
4–10$85.09M42.2%
11–25$57.19M28.3%
Rest$2.96M1.5%
Top 3 weight
28.0%
Top 10 weight
70.2%
Voting Authority Distribution
Total shares with voting rights: 242.73M
Sole
Full voting authority
1.99M
shares
% of voting shares0.8%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
240.74M
shares
% of voting shares99.2%
Investment Discretion (by position count)
Sole33
Shared0
Other0
Dominant voting typeNone · 99.2% of voting shares
Institutional Holdings33
Rows:
TABULA RASA HEALTHCARE INC
SOLEShares30.88M
TypePRN
Market value$24.60M
12.19%
Sole
0.00
Shared
0.00
None
30.88M
KAMAN CORP
SOLEShares17.03M
TypePRN
Market value$15.99M
7.92%
Sole
0.00
Shared
0.00
None
17.03M
JAZZ INVESTMENTS I LTD
SOLEShares16.10M
TypePRN
Market value$15.93M
7.90%
Sole
0.00
Shared
0.00
None
16.10M
UBER TECHNOLOGIES INC
SOLEShares16.50M
TypePRN
Market value$13.97M
6.92%
Sole
0.00
Shared
0.00
None
16.50M
MITEK SYS INC
SOLEShares16.22M
TypePRN
Market value$13.44M
6.66%
Sole
0.00
Shared
0.00
None
16.22M
SPOTIFY USA INC
SOLEShares16.40M
TypePRN
Market value$13.26M
6.57%
Sole
0.00
Shared
0.00
None
16.40M
JETBLUE AIRWAYS CORP
SOLEShares17.25M
TypePRN
Market value$12.67M
6.28%
Sole
0.00
Shared
0.00
None
17.25M
MAGNITE INC
SOLEShares15.50M
TypePRN
Market value$12.00M
5.95%
Sole
0.00
Shared
0.00
None
15.50M
SPLUNK INC
SOLEShares13.05M
TypePRN
Market value$11.11M
5.50%
Sole
0.00
Shared
0.00
None
13.05M
RINGCENTRAL INC
SOLEShares11M
TypePRN
Market value$8.65M
4.29%
Sole
0.00
Shared
0.00
None
11M
THE REALREAL INC
SOLEShares20.22M
TypePRN
Market value$8.15M
4.04%
Sole
0.00
Shared
0.00
None
20.22M
HERBALIFE NUTRITION LTD
SOLEShares8.41M
TypePRN
Market value$7.77M
3.85%
Sole
0.00
Shared
0.00
None
8.41M
KARYOPHARM THERAPEUTICS INC
SOLEShares10M
TypePRN
Market value$7.75M
3.84%
Sole
0.00
Shared
0.00
None
10M
NUVASIVE INC
SOLEShares8.03M
TypePRN
Market value$7.03M
3.48%
Sole
0.00
Shared
0.00
None
8.03M
NUVASIVE INC
SOLEShares4.50M
TypePRN
Market value$4.41M
2.18%
Sole
0.00
Shared
0.00
None
4.50M
8X8 INC NEW
SOLEShares3.50M
TypePRN
Market value$3.16M
1.57%
Sole
0.00
Shared
0.00
None
3.50M
THE REALREAL INC
SOLEShares5M
TypePRN
Market value$3.11M
1.54%
Sole
0.00
Shared
0.00
None
5M
LYFT INC
SOLEShares3.50M
TypePRN
Market value$3.09M
1.53%
Sole
0.00
Shared
0.00
None
3.50M
SPLUNK INC
SOLEShares3M
TypePRN
Market value$2.84M
1.41%
Sole
0.00
Shared
0.00
None
3M
SPIRIT AEROSYSTEMS HLDGS INC
SOLEShares72.82K
TypeSH
Market value$2.16M
1.07%
Sole
72.82K
Shared
0.00
None
0.00
BRINKS CO
SOLEShares37.87K
TypeSH
Market value$2.03M
1.01%
Sole
37.87K
Shared
0.00
None
0.00
OKTA INC
SOLEShares2.15M
TypePRN
Market value$1.82M
0.90%
Sole
0.00
Shared
0.00
None
2.15M
INOTIV INC
SOLEShares296.10K
TypeSH
Market value$1.46M
0.72%
Sole
296.10K
Shared
0.00
None
0.00
OKTA INC
SOLEShares1.50M
TypePRN
Market value$1.33M
0.66%
Sole
0.00
Shared
0.00
None
1.50M
INVESCO QQQ TR
SOLEShares175K
TypeSH
Market value$1.09M
0.54%
Sole
175K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
TABULA RASA HEALTHCARE INCSOLE | NOTE 1.750% 2/1 | 30.88M | PRN | $24.60M 12.19% | 0.00 | 0.00 | 30.88M |
KAMAN CORPSOLE | NOTE 3.250% 5/0 | 17.03M | PRN | $15.99M 7.92% | 0.00 | 0.00 | 17.03M |
JAZZ INVESTMENTS I LTDSOLE | NOTE 1.500% 8/1 | 16.10M | PRN | $15.93M 7.90% | 0.00 | 0.00 | 16.10M |
UBER TECHNOLOGIES INCSOLE | NOTE 12/1 | 16.50M | PRN | $13.97M 6.92% | 0.00 | 0.00 | 16.50M |
MITEK SYS INCSOLE | NOTE 0.750% 2/0 | 16.22M | PRN | $13.44M 6.66% | 0.00 | 0.00 | 16.22M |
SPOTIFY USA INCSOLE | NOTE 3/1 | 16.40M | PRN | $13.26M 6.57% | 0.00 | 0.00 | 16.40M |
JETBLUE AIRWAYS CORPSOLE | NOTE 0.500% 4/0 | 17.25M | PRN | $12.67M 6.28% | 0.00 | 0.00 | 17.25M |
MAGNITE INCSOLE | NOTE 0.250% 3/1 | 15.50M | PRN | $12.00M 5.95% | 0.00 | 0.00 | 15.50M |
SPLUNK INCSOLE | NOTE 1.125% 6/1 | 13.05M | PRN | $11.11M 5.50% | 0.00 | 0.00 | 13.05M |
RINGCENTRAL INCSOLE | NOTE 3/1 | 11M | PRN | $8.65M 4.29% | 0.00 | 0.00 | 11M |
THE REALREAL INCSOLE | NOTE 1.000% 3/0 | 20.22M | PRN | $8.15M 4.04% | 0.00 | 0.00 | 20.22M |
HERBALIFE NUTRITION LTDSOLE | NOTE 2.625% 3/1 | 8.41M | PRN | $7.77M 3.85% | 0.00 | 0.00 | 8.41M |
KARYOPHARM THERAPEUTICS INCSOLE | NOTE 3.000% 10/1 | 10M | PRN | $7.75M 3.84% | 0.00 | 0.00 | 10M |
NUVASIVE INCSOLE | NOTE 0.375% 3/1 | 8.03M | PRN | $7.03M 3.48% | 0.00 | 0.00 | 8.03M |
NUVASIVE INCSOLE | NOTE 1.000% 6/0 | 4.50M | PRN | $4.41M 2.18% | 0.00 | 0.00 | 4.50M |
8X8 INC NEWSOLE | NOTE 0.500% 2/0 | 3.50M | PRN | $3.16M 1.57% | 0.00 | 0.00 | 3.50M |
THE REALREAL INCSOLE | NOTE 3.000% 6/1 | 5M | PRN | $3.11M 1.54% | 0.00 | 0.00 | 5M |
LYFT INCSOLE | NOTE 1.500% 5/1 | 3.50M | PRN | $3.09M 1.53% | 0.00 | 0.00 | 3.50M |
SPLUNK INCSOLE | NOTE 1.125% 9/1 | 3M | PRN | $2.84M 1.41% | 0.00 | 0.00 | 3M |
SPIRIT AEROSYSTEMS HLDGS INCSOLE | COM CL A | 72.82K | SH | $2.16M 1.07% | 72.82K | 0.00 | 0.00 |
BRINKS COSOLE | COM | 37.87K | SH | $2.03M 1.01% | 37.87K | 0.00 | 0.00 |
OKTA INCSOLE | NOTE 0.375% 9/0 | 2.15M | PRN | $1.82M 0.90% | 0.00 | 0.00 | 2.15M |
INOTIV INCSOLE | COM | 296.10K | SH | $1.46M 0.72% | 296.10K | 0.00 | 0.00 |
OKTA INCSOLE | NOTE 0.125% 9/0 | 1.50M | PRN | $1.33M 0.66% | 0.00 | 0.00 | 1.50M |
INVESCO QQQ TRSOLE | UNIT SER 1 | 175K | SH | $1.09M 0.54% | 175K | 0.00 | 0.00 |
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