Equal-WT
WhaleScore 2.0
?
Centerbridge Partners is based out of New York. Centerbridge Partners is a hedge fund with 42 clients and discretionary assets under management (AUM) of $55,769,736,056 (Form ADV from 2025-02-25). Their last reported 13F filing for Q4 2024 included $468,166,260 in managed 13F securities
and a top 10 holdings concentration of 100.0%. Centerbridge Partners's largest holding is Garrett Motion Inc with shares held of 35,256,395. Whalewisdom has at least 68 13F filings, and 2 13D filings
Business Description
Centerbridge Partners, L.P., a Delaware limited partnership, started its operations in 2006 with an office in New York. Jeffrey H. Aronson controls Centerbridge through his control of Centerbridge Partners Holdings, LLC. Previously, Aronson controlled Centerbridge with Mark T. Gallogly. Aronson became the sole Managing Principal of Centerbridge after Gallogly’s retirement in December 2020.
Centerbridge utilizes senior advisors and consulting professionals who may be investors in clients or their subsidiaries. These advisors provide industry-specific insights, assist in due diligence, make introductions to management teams, and may serve as executives or directors on portfolio company boards. They may also contribute insights on topics like environmental, social, and governance matters. These arrangements are third-party service arrangements, and the consultants are not considered employees of Centerbridge or its portfolio companies.
Investment Strategy
Centerbridge employs different investment strategies depending on the fund. For the Credit Partners Funds, Special Credit Funds, and Flex Funds, the focus is on non-control private credit and special situation investments. A related strategy is used for Martello Re and CDO Instruments, subject to specific investment objectives and limitations.
For the Capital Partners Funds, the strategy centers on buyouts (including thematic and special situations buyouts like distressed-for-control transactions) and structured equity transactions. The primary goal is to acquire control or influence-oriented positions in companies. The Real Estate Funds focus on real estate-related investments.
Owners
- CSCP III CAYMAN GP LTD. - GENERAL PARTNER OF CENTERBRIDGE SPECIAL CREDIT PARTNERS GENERAL PARTNER III, L.P.
- STRICKLER, ELIZABETH, BOLTON - TRUSTEE OF THE MTG EBS 2021 TRUST
- ARONSON, JEFFREY, HAROLD - TRUSTEE OF THE JEFFREY H. ARONSON 2017 REVOCABLE TRUST
- GALLOGLY, MARK, TIMOTHY - TRUSTEE OF THE MTG EBS 2021 TRUST
- UHL, ELIZABETH, ROSS - CHIEF COMPLIANCE OFFICER
- TERJANIAN, KIMBERLY, ANNE - CHIEF FINANCIAL OFFICER
- CLARK, SUSANNE, VIKOREN - CHIEF LEGAL OFFICER/GENERAL COUNSEL
- Morrison, Gordon, Douglas - CHIEF FINANCIAL OFFICER
- Kabaker, Matthew, Stephen - LIMITED PARTNER
- NEUENFELDT, WILLIAM, JOHN - CHIEF OPERATING OFFICER
- Melwani, Vivek - LIMITED PARTNER
- Aronson, Shari, Lynn - TRUSTEE OF THE JEFFREY H. ARONSON 2006 LONG-TERM TRUST Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
(Subscription Required)
2024-12-31
Top Buys (13F)
| Name | % Change |
|---|
2024-12-31
Top Sells (13F)
| Name | % Change |
|---|---|
| BANC Banc of California I | 5.54% |
| DEBT-DISH DISH NETWORK CORPORA (PRN) | 1.36% |
2024-12-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| GTX Garrett Motion Inc | 68% |
| BANC Banc of California I | 13.27% |
| GOCO GoHealth, Inc | 11.95% |
| DEBT-REAL REALOGY GRP LLC/REAL(PRN) | 5.72% |
| GDS GDS Holdings Limited | 1.04% |
2024-12-31
13F Activity
| Market Value | $468m, Prior: $478m |
| Inflows (Outflows) as % of Total MV | (-13.6388)% |
| New Purchases | 0 stocks |
| Added To | 0 stocks |
| Sold out of | 1 stocks |
| Reduced holdings in | 2 stocks |
| Top 10 Holdings % | 100% |
| Turnover %[1] | 11.11% |
| Turnover Alt %[2] | 0% |
| Time Held Top 20 | 10.75 quarters |
| Time Held Top 10 | 8.375 quarters |
| Time Held All | 12.88 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