Pricing

CANYON CAPITAL ADVISORS LLC

0 followers ยท 1 like
DALLAS TX Investment Advisor Hedge Fund Activist Investor
13F Summary
Canyon Capital Advisors is based out of Dallas. Canyon Capital Advisors is a hedge fund with 20 clients and discretionary assets under management (AUM) of $13,647,142,000 (Form ADV from 2024-06-04). Their last reported 13F filing for Q4 2024 included $778,876,885 in managed 13F securities and a top 10 holdings concentration of 100.0%. Canyon Capital Advisors's largest holding is CBL& Associates Properties, Inc with shares held of 8,466,294. Whalewisdom has at least 115 13F filings, 17 13D filings, 144 13G filings, and 5 Form 4 filings
Investment Strategy
Canyon's investment strategies are primarily focused on "value-oriented" and "event-driven" approaches. The "value-oriented" strategy involves identifying discrepancies between market valuations of financial instruments and the intrinsic values of the underlying assets or enterprises. This strategy relies on extensive research to understand the risks associated with uncertainties that depress market valuations. If Canyon believes the discount is unwarranted, they may take a long position in the security. Conversely, if they believe the market value is significantly above its intrinsic value, they may establish a short position. Canyon's investment process also includes "event-driven" strategies, which are not explicitly described in the provided context. However, it is mentioned that investment ideas are discussed among senior portfolio managers, focusing on factors like the merits of the investment, embedded risks, portfolio fit, hedging considerations, and price targets. All investment ideas require approval from Messrs. Friedman and Julis.
Owners
  • JULIS, MITCHELL, RALPH - MANAGING PARTNER
  • FRIEDMAN, JOSHUA, STEPHAN - MANAGING PARTNER
  • ANDERSON, DOUGLAS, ANTHONY - CHIEF COMPLIANCE OFFICER
  • KAPLAN, JONATHAN, MATTHEW - CHIEF OPERATING OFFICER
  • CHO, STEPHEN, PETER - GENERAL COUNSEL
  • Silva, Luis, Alejandro - CHIEF FINANCIAL OFFICER
  • CP NEW CO LLC - MANAGING MEMBER
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
(Subscription Required)

2024-12-31

Top Buys (13F)

Name % Change
MAGN Magnera Corp. 1.78%

2024-12-31

Top Sells (13F)

Name % Change
DEBT-SUNR SUNRUN INC NOTE 2/0 (PRN) 2.47%
DEBT-DISH DISH NETWORK CORPORA (PRN) 2.09%
RSI Rush Street Interact 1.31%
ALLY Ally Financial Inc 1.31%
NE Noble Corp Plc 0.85%

2024-12-31

13F Holdings Summary

Name $ Change
CBL CBL& Associates Prop 31.97%
SDRL Seadrill Ltd 24.48%
BERY Berry Global Group I 22.88%
NE Noble Corp Plc 7.15%
FFWM First Foundation Inc 6.43%

2024-12-31

13F Activity

Market Value $0.78b, Prior: $0.83b
Inflows (Outflows) as % of Total MV (-7.6822)%
New Purchases 1 stocks
Added To 0 stocks
Sold out of 5 stocks
Reduced holdings in 2 stocks
Top 10 Holdings % 100%
Turnover %[1] 35.29%
Turnover Alt %[2] 1.78%
Time Held Top 20 9.1667 quarters
Time Held Top 10 7.6 quarters
Time Held All 12 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

limited to past 4 quarters. Subscribe to see all available data

2024-12-31

Analysis

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

Portfolio Performance