Beach Point Capital Management LP Q3 2023 vs. Q4 2023 13F Holdings Comparison

Beach Point Capital Management LP recently released its Q3 2023 and Q4 2023 13F holdings, providing valuable insights into the changes in their investment portfolio. In this article, we will explore the significant holdings and their variations in value during the mentioned period.

Firstly, Velocity Financial Inc. (SYM: VEL) experienced a substantial increase in shares held from 5,123,919 in Q3 2023 to 5,307,835 in Q4 2023, representing a change of 3.6%. The company's value also went up from $57,900,000 to $91,400,000, indicating an impressive growth of 57.9%.

On the other hand, Diebold Nixdorf Inc. (SYM: DBD) showed a slight decrease in their holdings. The shares declined from 3,246,074 in Q3 2023 to 3,108,588 in Q4 2023. Despite the decrease, the value increased from $61,480,000 to $89,993,000, suggesting a positive trend in the company's performance with a change of 46.4%.

Nuveen California Quality Municipal Income (SYM: NAC) witnessed significant growth in both shares held and value. The number of shares held rose from 896,436 to 1,398,081, accounting for a remarkable change of 79.2%. The value also experienced substantial growth, increasing from $8,650,000 to $15,504,000.

Great Ajax Corp. (SYM: AJX) was not listed in Q3 2023. However, it emerged as a major holding with 2,273,799 shares in Q4 2023. Its value started at $0 and climbed to $12,051,000.

MultiPlan Corporation (SYM: MPLN) demonstrated a significant decrease in shares held. The numbers fell from 8,284,407 to 6,143,497, depicting a change of -36.4%. The value decreased from $13,917,000 to $8,846,000.

Western Asset Inflation-Linked Opportunities and Income Fund (SYM: WIW) did not have any shares in Q3 2023 but made an appearance in Q4 2023 with the holding of 974,435 shares valued at $8,448,000.

Frontier Communications Corporation (SYM: FYBR) displayed consistent shares held of 312,627 in both Q3 and Q4 2023. However, the value increased from $4,892,000 to $7,921,000, showing a positive change of 61.9%.

Terran Orbital Corporation (SYM: LLAP) experienced a slight decrease in shares from 6,711,701 to 6,301,168, accounting for a change of 28.6%. The value increased from $5,586,000 to $7,183,000.

FS KKR Capital Corp. (SYM: FSK) maintained a steady number of shares at 198,012 and saw a negligible change of 1.4% in value, from $3,898,000 to $3,954,000.

AG Mortgage Investment Trust Inc. (SYM: MITT) showed a significant increase in shares held, rising from 342,304 to 575,199, indicating a change of 92.3%. The value also increased from $1,899,000 to $3,652,000.

Hudson Pacific Properties Inc. (SYM: HPP) did not have any holdings in Q3 2023, but in Q4 2023, it entered the portfolio with 178,184 shares valued at $1,658,000.

Dragonfly Energy Holdings Corporation (SYM: DFLI) exhibited consistent shares held at 249,095 with a negligible change in value from $383,000 to $134,000, reflecting a decrease of -64.8%.

Unfortunately, there is no available data for BlackRock MuniHoldings California Quality Fund Inc. (SYM: MUC), Invesco California Value Municipal Income Trust (SYM: VCV), Full House Resorts Inc. (SYM: FLL), and Innovate Corp. with regards to their Q4 2023 holdings.

In conclusion, Beach Point Capital Management LP witnessed various changes in their holdings during Q3 and Q4 2023. Some stocks experienced significant growth in both shares held and value, while others displayed slight decreases or were not present in the previous period. These changes indicate an active management strategy to optimize the portfolio based on emerging market trends and potential opportunities.

As an investment firm, it is crucial for Beach Point Capital Management LP to analyze these changes in their holdings and make informed decisions moving forward. The insights gained from this data can guide their future investment strategies, ensuring the best possible returns for their clients.