ANGELO GORDON & COMPANY ., L.P.
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NEW YORK NY
Investment Advisor
Hedge Fund
Activist Investor
Angelo Gordon & Company . is based out of New York. Angelo Gordon & Company . is a hedge fund with 281 clients and discretionary assets under management (AUM) of $83,690,397,248 (Form ADV from 2024-11-26). Their last reported 13F filing for Q4 2024 included $505,367,716 in managed 13F securities
and a top 10 holdings concentration of 59.79%. Angelo Gordon & Company .'s largest holding is CINEMARK HLDGS INC NOTE 4.500% 8/1 with shares held of 19,500,000. Whalewisdom has at least 115 13F filings, 97 13D filings, 81 13G filings, and 23 Form 4 filings
Business Description
The advisory business focuses on identifying investment opportunities and participating in the acquisition, management, monitoring, and disposition of investments in the credit and real estate space. They specialize in global alternative (non-traditional) investments with an absolute return orientation. Their Credit Strategy includes Distressed & Corporate Special Situations, Performing Credit, Structured Credit, Middle Market Direct Lending, and a Multi-Strategy Platform. Their Real Estate Strategy includes Global Private Equity Real Estate, Commercial Real Estate Debt, and Net Lease Real Estate.
The advisory business maintains relationships with advisors and consultants who provide assistance and advice on client investments, including transaction sourcing, due diligence, valuation, structuring, and similar matters. Compensation for these individuals may include cash compensation, profits interests in underlying investments, grants of equity, the right to co-invest, and allocations of performance compensation. These individuals may have been former employees or have close business and personal relationships with the advisory business.
Investment Strategy
The investment strategies employed by the firm combine fundamental in-depth research with a diversification strategy designed to reduce downside risk. Each strategy is managed by a seasoned leadership team of senior professionals with extensive experience in the relevant strategy and underlying product(s).
The firm's allocation policy is based on a variety of factors, including investment mandates, targeted rate of return, hold period, geography, nature of the business, diversification requirements, expected future capacity, portfolio composition, amount of capital available for investment, size of the investment opportunity, anticipated holding period, suitability as a follow-on investment, availability of other suitable investments, risk considerations, cash flow considerations, asset class and attribution restrictions, industry and other allocation targets, minimum and maximum investment size requirements, and legal, contractual or regulatory constraints.
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2024-12-31
Top Buys (13F)
Name | % Change |
---|---|
DEBT-EVER EVERGY INC NOTE 4.50 (PRN) | 5.37% |
PCG+X PG&E Corp 6.00% Seri | 4.93% |
DEBT-PG&E PG&E CORP NOTE 4.250 (PRN) | 3.33% |
NEE+R Nextera Energy Inc | 2.85% |
BA-A Boeing Co 6% Dep Sha | 2.71% |

2024-12-31
Top Sells (13F)
Name | % Change |
---|---|
NEE+S Nextera Energy Inc | 5.51% |
AXNX Axonics Inc | 3.03% |
NUVCF Nuvei Corp | 2.47% |
RCM R1 RCM Inc | 2% |
BZH Beazer Homes USA Inc | 1.92% |

2024-12-31
13F Holdings Summary
Name | $ Change |
---|---|
DEBT-CINE CINEMARK HLDGS INC N(PRN) | 8.38% |
DEBT-STAR STARWOOD PPTY TR INC(PRN) | 8.07% |
HPE+C Hewlett Packard Ente | 7.95% |
HOUS Anywhere Real Estate | 6.33% |
DEBT-AMER AMERICAN AIRLS GROUP(PRN) | 6.24% |

2024-12-31
13F Activity
Market Value | $0.51b, Prior: $354m |
Inflows (Outflows) as % of Total MV | +26.5217% |
New Purchases | 16 stocks |
Added To | 12 stocks |
Sold out of | 23 stocks |
Reduced holdings in | 2 stocks |
Top 10 Holdings % | 59.79% |
Turnover %[1] | 51.32% |
Turnover Alt %[2] | 17.3% |
Time Held Top 20 | 2.45 quarters |
Time Held Top 10 | 3.4 quarters |
Time Held All | 4.08 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31
13F Sector Allocation Over Time
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2024-12-31
Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31