Benefit Street Partners LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Benefit Street Partners LLC reported 5 stock positions worth $21.2 million. Its top holding was Echostar Class A (ECHO) at 66.8% of the portfolio, followed by Graftech International (EAF, 22.8%) and Mercer International (MERC, 5.3%). Compared with Q4 2025, it opened 1 new position, sold out of 3 and added to 1. The biggest buy was a new position in Peloton Interactive Class A (PTON) and the biggest sale an exit from Anywhere Real Estate (HOUS).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001543160
- Portfolio Value
- $21.2M (Q1 2026)
- SEC Filing
- 0000919574-26-002304 ↗ filed Apr 20, 2026
Holdings Value
Holdings 5 stocks · $21.2M
| ECHO Echostar Corp. Class A | 66.81% | 121,166 | $14.2M | No change |
| EAF Graftech International Ltd. | 22.77% | 713,062 | $4.8M | No change |
| MERC Mercer International Inc. | 5.27% | 787,371 | $1.1M | Add +1136.3% |
| PTON Peloton Interactive Inc. Class A | 5.05% | 250,000 | $1.1M | New |
| GOCOQ Gohealth Inc. Class A | 0.10% | 13,592 | $21K | No change |
Other holdings (14): bonds, preferreds, convertibles and warrants · $65.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | 25,825,000 | $29.7M | Add +26.0% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 333,260 | $14.3M | Reduce -5.7% |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 1,396,000 | $5.1M | Add +2.6% |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | 4,750,000 | $4.7M | Add +11.8% |
| FLUENCE ENERGY INC (FLNC 2.25 06/15/30) | NOTE 2.250% 6/1 · principal | 2,000,000 | $2.0M | No change |
| BLACKSTONE MORTGAGE TR (BXMT 5.5 03/15/27) | NOTE 5.500% 3/1 · principal | 1,700,000 | $1.7M | No change |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | 1,750,000 | $1.6M | Add +16.7% |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | 1,250,000 | $1.2M | Add +25.0% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 20,888 | $940K | New |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | 710,000 | $872K | New |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | 1,000,000 | $864K | New |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | 500,000 | $828K | New |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | 750,000 | $727K | New |
| STRATEGY INC (MSTR 0.625 09/15/28) | NOTE 0.625% 9/1 · principal | 540,000 | $593K | No change |
Total filed on the 13F, all lines: $86.4M.
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
Notes & Other Activity Q4 2025 → Q1 2026
| RIOT PLATFORMS INC (RIOT 0.75 01/15/30) | NOTE 0.750% 1/1 · principal | Add +26.0% | 25,825,000 | $29.7M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Reduce -5.7% | 333,260 | $14.3M |
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +2.6% | 1,396,000 | $5.1M |
| JETBLUE AIRWAYS CORP (JBLU 2.5 09/01/29) | NOTE 2.500% 9/0 · principal | Add +11.8% | 4,750,000 | $4.7M |
| COINBASE GLOBAL INC (COIN 0.25 04/01/30) | NOTE 0.250% 4/0 · principal | Add +16.7% | 1,750,000 | $1.6M |
| SHIFT4 PAYMENTS INC (FOUR 0.5 08/01/27) | NOTE 0.500% 8/0 · principal | Add +25.0% | 1,250,000 | $1.2M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 20,888 | $940K |
| SNOWFLAKE INC (SNOW 0 10/01/29) | NOTE 10/0 · principal | New | 710,000 | $872K |
| STRATEGY INC (MSTR 0 03/01/30) | NOTE 3/0 · principal | New | 1,000,000 | $864K |
| MKS INC (MKSI 1.25 06/01/30) | NOTE 1.250% 6/0 · principal | New | 500,000 | $828K |
| DATADOG INC (DDOG 0 12/01/29) | NOTE 12/0 · principal | New | 750,000 | $727K |
| NORTHERN OIL & GAS INC (NOG 3.625 04/15/29) | NOTE 3.625% 4/1 · principal | Sold out | 500,000 | $477Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.