Beach Point Capital Management LP

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Beach Point Capital Management LP reported 8 stock positions worth $236.8 million. Its top holding was Velocity Financial (VEL) at 43.4% of the portfolio, followed by Diebold Nixdorf (DBD, 34.9%) and Global Business Travel (GBTG, 6.4%). Compared with Q4 2024, it opened 1 new position, added to 2 and reduced 2. The biggest buy was a new position in Finance of America Cos Class A (FOA) and the biggest sale Global Business Travel (GBTG, shares −23%).

Most Recent 13F
Q2 2026
Location
Santa Monica, CA
CIK
0001453885
Portfolio Value
$236.8M (Q1 2025)
SEC Filing
0001085146-25-003028 ↗ filed May 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $285.9M Q1 2024 Q2 2024: $265.7M Q2 2024 Q3 2024: $253.5M Q3 2024 Q4 2024: $238.8M Q4 2024 Q1 2025: $236.8M $236.8M Q1 2025 Q2 2025: $234.8M Q2 2025 Q3 2025: $215.0M Q3 2025 Q4 2025: $253.0M Q4 2025 Q1 2026: $253.0M Q1 2026 Q2 2026: $256.4M Q2 2026

Holdings 8 stocks · $236.8M
VEL Velocity Financial Inc. 43.38% 5,491,737 $102.8M Add +4.2%
DBD Diebold Nixdorf Inc. 34.85% 1,887,929 $82.5M No change
GBTG Global Business Travel Group 6.39% 2,083,465 $15.1M Reduce -23.3%
ACHC Acadia Healthcare Co. Inc. 4.55% 355,540 $10.8M No change
FOA Finance of America Cos Inc. Class A 4.27% 475,882 $10.1M New
CTEV Claritev Corp. 3.39% 388,653 $8.0M Add +0.9%
RITHM PPTY TR INC 3.16% 2,606,974 $7.5M Reduce -17.7%
DRAGONFLY ENERGY HOLDINGS CO 0.01% 27,677 $27K No change

Options reported separately and not counted above: HYG puts ($1.0M), HYG calls ($488K), JBBB puts ($484K), SLM puts ($140K), SPY puts ($96K), RC calls ($78K), QQQ puts ($28K), ABR calls ($12K), RITM puts ($1K), COIN puts ($700).

Other holdings (1): bonds, preferreds, convertibles and warrants · $44.6M (not counted above)
SecurityClassShares / PrincipalValueChange
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal 48,050,000$44.6MAdd +5.5%

Total filed on the 13F, all lines: $281.4M.

Portfolio Sells Q4 2024 → Q1 2025
GBTG Global Business Travel Group Reduce -23.3% 6.39% −4.17
RITHM PPTY TR INC Reduce -17.7% 3.16% −0.78

Portfolio Buys Q4 2024 → Q1 2025
FOA Finance of America Cos Inc. Class A New 4.27% +4.27
CTEV Claritev Corp. Add +0.9% 3.39% +1.00
VEL Velocity Financial Inc. Add +4.2% 43.38% +0.22

Options Activity Q4 2024 → Q1 2025
CVNA Carvana Co. put Sold out 1,029,500 $209.4Mbefore exit
XLF SS Financial Select Sector put Sold out 1,900,000 $91.8Mbefore exit
SOFI Sofi Technologies Inc. put Sold out 3,899,600 $60.1Mbefore exit
ARCC Ares Capital Corp. put Sold out 2,200,200 $48.2Mbefore exit
COOP Mr Cooper Group Inc. put Sold out 300,000 $28.8Mbefore exit
AFRM Affirm Holdings Inc. put Sold out 217,200 $13.2Mbefore exit
UPST Upstart Holdings Inc. put Sold out 200,000 $12.3Mbefore exit
ABR Arbor Realty Trust Inc. put Sold out 850,300 $11.8Mbefore exit
BXSL Blackstone Secured Lending F put Sold out 249,000 $8.0Mbefore exit
AGNC AGNC Investment Corp. put Sold out 811,400 $7.5Mbefore exit
VEL Velocity Financial Inc. call Sold out 206,100 $4.0Mbefore exit
UWMC Uwm Holdings Corp. put Sold out 622,600 $3.7Mbefore exit
OPEN Opendoor Technologies Inc. put Sold out 900,000 $1.4Mbefore exit
BXMT Blackstone Mortgage Tru Class A put Sold out 77,000 $1.3Mbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Reduce -50.9% 133,300 $1.0M
HTGC Hercules Capital Inc. put Sold out 30,600 $615Kbefore exit
HYG Ishr Ibx Usd Hiyld CB ETF-Ui call Add +1386.4% 7,432,000 $488K
JBBB Janus Henderson B-BBB Clo Et put New 690,300 $484K
SLM SLM Corp. put Add +0.0% 300,100 $140K
RC Ready Capital Corp. call New 340,500 $78K
ABR Arbor Realty Trust Inc. call Reduce -63.5% 103,100 $12K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2024 → Q1 2025
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal Add +5.5% 48,050,000 $44.6M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 10$256.4MVEL, DBD, CTEV, FOA, FSK
Q1 2026 8$253.0MVEL, DBD, FSK, FOA, CTEV
Q4 2025 6$253.0MVEL, DBD, CTEV, FOA, KREF
Q3 2025 9$215.0MVEL, DBD, CTEV, ACHC, GBTG
Q2 2025 8$234.8MVEL, DBD, CTEV, FOA, ACHC
Q1 2025 8$236.8MVEL, DBD, GBTG, ACHC, FOA
Q4 2024 7$238.8MVEL, DBD, GBTG, ACHC, RITHM PPTY TR INC
Q3 2024 7$253.5MVEL, DBD, GBTG, RITHM PPTY TR INC, CTEV
Q2 2024 9$265.7MVEL, DBD, GBTG, RITHM PPTY TR INC, WIW
Q1 2024 11$285.9MVEL, DBD, GBTG, RITHM PPTY TR INC, WIW