Equal-WT
WhaleScore 2.0
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Aristeia Capital is based out of Greenwich. Aristeia Capital is a hedge fund with 4 clients and discretionary assets under management (AUM) of $12,162,529,805 (Form ADV from 2024-04-01). Their last reported 13F filing for Q4 2024 included $3,047,558,283 in managed 13F securities
and a top 10 holdings concentration of 57.92%. Aristeia Capital's largest holding is Liberty Broadband Corp Class C with shares held of 6,476,696. Whalewisdom has at least 102 13F filings, 2 13D filings, and 342 13G filings
Business Description
Aristeia Capital provides advisory services to pooled investment vehicles, focusing on investments in the credit markets and other opportunities with attractive return profiles. They employ a dynamic approach to managing client portfolios, actively managing positions to extract profits and mitigate risk through various investment strategies. Their approach involves a combination of mathematical and statistical modeling alongside fundamental research and analysis to identify target investments.
The firm's advisory clients fall into three categories: private funds sponsored and controlled by Aristeia Capital for a variety of investors (Aristeia Funds), pooled investment vehicles sponsored by unaffiliated institutions (Dedicated Funds), and separately managed accounts (SMAs). Interests in their clients are offered only to "qualified purchasers" as defined in the Investment Company Act of 1940, generally individuals/family-owned companies with investments exceeding $5,000,000 or entities with investments exceeding $25,000,000.
Investment Strategy
The primary investment strategy involves investing client assets in credit markets and other opportunities with attractive return profiles. This is achieved through a combination of fundamental research and analysis of issuers, complex financial instruments (convertible securities, credit default swaps, options, and other derivatives), potential outcomes of corporate events, processes for corporate transactions and restructuring liabilities, and potential outcomes of litigation affecting specific investments. Quantitative security valuation systems, built in-house, model unique security features and incorporate large amounts of market data.
In addition to the primary focus, the firm also seeks short-term trading opportunities arising from perceived pricing anomalies. While investments are diversified, the firm does not recommend primarily any single type of security. The success of investment programs depends on correctly evaluating future price movements, which cannot be guaranteed. Investing in securities involves a risk of loss that clients and investors must be prepared to bear.
Owners
- ARISTEIA HOLDINGS, L.P. - SOLE MEMBER
- LYNCH, ROBERT, HENRY - MANAGER
- FRASCELLA, ANTHONY, MICHAEL - MANAGER
- TECHAR, WILLIAM, ROBERT - MANAGER
- DAVID, ANDREW, BENJAMIN - CHIEF OPERATING OFFICER; GENERAL COUNSEL; CHIEF COMPLIANCE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-12-31
Top Buys (13F)
Name | % Change |
---|---|
CUK Carnival plc | 5.26% |
DEBT-EVER EVERGY INC NOTE 4.50 (PRN) | 2.5% |
DEBT-GUAR GUARDANT HEALTH INC (PRN) | 2.14% |
FYBR Frontier Communicati | 1.69% |
LBRDA Liberty Broadband Co | 1.63% |

2024-12-31
Top Sells (13F)
Name | % Change |
---|---|
SPY SPDR S&P 500 ETF TRU (PUT) | 32.25% |
IBIT iShares Bitcoin Trus | 6.62% |
DEBT-AFFI AFFIRM HLDGS INC NOT (PRN) | 3.84% |
DEBT-MONG MONGODB INC NOTE 0.2 (PRN) | 0.39% |
VCICU Vine Hill Capital In | 0.37% |

2024-12-31
13F Holdings Summary
Name | $ Change |
---|---|
LBRDK Liberty Broadband Co | 15.89% |
SPY SPDR S&P 500 ETF TRU(PUT) | 9.13% |
CUK Carnival plc | 8.96% |
DEBT-GUAR GUARDANT HEALTH INC (PRN) | 5.35% |
LBRDA Liberty Broadband Co | 4.09% |

2024-12-31
13F Activity
Market Value | $3.05b, Prior: $4.81b |
Inflows (Outflows) as % of Total MV | (-55.2723)% |
New Purchases | 134 stocks |
Added To | 75 stocks |
Sold out of | 128 stocks |
Reduced holdings in | 61 stocks |
Top 10 Holdings % | 57.92% |
Turnover %[1] | 51.57% |
Turnover Alt %[2] | 21.38% |
Time Held Top 20 | 4.35 quarters |
Time Held Top 10 | 3.9 quarters |
Time Held All | 3.04 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