James Melcher‘s Balestra Capital LTD has released its quarterly 13F report. In this article, we will quickly review the biggest positions held by the fund. The fund has biggest holdings on Apollo Investment Corp. (NASDAQ:AINV), Fifth Street Finance Corp. (NASDAQ:FSC) and NXP Semiconductors NV (NASDAQ:NXPI).
Balestra Capital has the biggest position in Apollo Investment Corp. (NASDAQ:AINV) this quarter. The fund has 1,150,338 shares of the company worth $9 million. As of the last quarter, it had 2,774,931 shares of the company worth around $23 million. This is a massive downsizing in the investment by the fund in Apollo Investment Corp. (NASDAQ:AINV). Among other shareholders of Apollo Investment Corp. (NASDAQ:AINV) include Eric Halet’s Algebris investments. The company reported its last purchase in June this year whereas the stock was sold by Carl Spielvogel in 2009 at around $9 per share price.
Fifth Street Finance Corp. (NASDAQ:FSC) is the second biggest holding of Balestra Capital. The fund has 934,005 shares of the finance corporation worth over $8 million. As of last quarterly report, the fund had 2,089,840 shares of the company worth around $23 million. This is another depletion of stock investment by the firm. Zeke Ashton’s Centaur Capital Partners is another famous shareholder of the company. Fifth Street Finance Corp. (NASDAQ:FSC) reported its last stock sale back in 2009 at around $9 per share.
NXP Semiconductors NV (NASDAQ:NXPI) is the third biggest position in Balestra Capital. The fund has 79,365 shares of the company worth around $5 million. Last quarter, the fund had no holding in the company. Robert Boucai’s Newbrook Capital Advisors is one of the shareholders of NXP Semiconductors NV (NASDAQ:NXPI).
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