Benefit Street Partners LLC
Long book
$36.5M
Q1 2026
Positions
7
Top-10 weight
100%
concentration
Last quarter
-8.9%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsBenefit Street Partners LLC is a diversified fundamental manager, running a $36.5M US long book across 7 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: PG&E CORP, ECHOSTAR CORP-A, GRAFTECH INTERNATIONAL LTD, MERCER INTERNATIONAL INC, PELOTON INTERACTIVE INC-A.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-9.0%
Q1 2026
-8.9%
Sector allocation
Utilities 39%
Communications 39%
Industrials 13%
Other 6%
Technology 3%
Financials 0%
Long book by quarter
What does Benefit Street own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PCG PG&E CORP | Utilities | 333.3K | $14.3M | 39.3% | -5.7% |
| ECHO ECHOSTAR CORP-A | Communications | 121.2K | $14.2M | 38.9% | Held |
| EAF GRAFTECH INTERNATIONAL LTD | Industrials | 713.1K | $4.8M | 13.2% | Held |
| MERC MERCER INTERNATIONAL INC | Other | 787.4K | $1.1M | 3.1% | +1136.4% |
| PTON PELOTON INTERACTIVE INC-A | Other | 250.0K | $1.1M | 2.9% | New |
| ORCL ORACLE CORP | Technology | 20.9K | $940K | 2.6% | New |
| GOCOQ GOHEALTH INC-CLASS A | Financials | 13.6K | $21K | 0.1% | Held |
13F filing history
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