Stonehill Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Stonehill Capital Management LLC reported 10 stock positions worth $316.6 million. Its top holding was Liberty Broadband-C (LBRDK) at 37.4% of the portfolio, followed by Joyy Inc.-ADR (JOYY, 30.3%) and Somnigroup International (SGI, 12.3%). Compared with Q4 2024, it opened 3 new positions, sold out of 1, added to 2 and reduced 4. The biggest buy was a new position in Somnigroup International (SGI) and the biggest sale an exit from Anterix (ATEX).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001266227
- Portfolio Value
- $316.6M (Q1 2025)
- SEC Filing
- 0001266227-25-000003 ↗ filed May 15, 2025
Holdings Value
Holdings 10 stocks · $316.6M
| LBRDK Liberty Broadband-C | 37.44% | 1,393,501 | $118.5M | Add +13.9% |
| JOYY Joyy Inc.-ADR | 30.32% | 2,286,321 | $96.0M | Add +82.6% |
| SGI Somnigroup International Inc. | 12.30% | 650,143 | $38.9M | New |
| ECHO Echostar Corp. Class A | 7.53% | 932,425 | $23.9M | Reduce -9.7% |
| LBRDA Liberty Broadband-A | 6.68% | 248,878 | $21.2M | No change |
| HOUS Anywhere Real Estate Inc. | 2.19% | 2,080,170 | $6.9M | New |
| EQC Equity Commonwealth | 1.61% | 3,158,233 | $5.1M | Reduce -13.0% |
| PCG P G & E Corp. | 1.44% | 265,000 | $4.6M | New |
| NXDT Nexpoint Diversified Real Es | 0.31% | 255,690 | $979K | Reduce -42.8% |
| NOTE Fiscalnote Holdings Inc. | 0.19% | 737,968 | $596K | Reduce -19.9% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $11.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 9,433,950 | $10.6M | Reduce -51.5% |
| IRS.WS Irsa Inversiones Y Rep -CW26 | *W EXP 05/12/202 | 602,130 | $849K | No change |
Total filed on the 13F, all lines: $328.0M.
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
Notes & Other Activity Q4 2024 → Q1 2025
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Reduce -51.5% | 9,433,950 | $10.6M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $350.1M | ECHO, MBC, TDAY, SVC, FBIN |
| Q1 2026 | 14 | $196.3M | ECHO, TDAY, MAN, MBC, HOLX |
| Q4 2025 | 20 | $311.0M | ECHO, JOYY, ELME, LBRDK, MBC |
| Q3 2025 | 13 | $254.4M | JOYY, ECHO, LBRDK, MBC, AMWD |
| Q2 2025 | 12 | $221.0M | JOYY, LBRDK, ECHO, LBRDA, HOUS |
| Q1 2025 | 10 | $316.6M | LBRDK, JOYY, SGI, ECHO, LBRDA |
| Q4 2024 | 8 | $214.7M | LBRDK, JOYY, ECHO, ATEX, LBRDA |
| Q3 2024 | 10 | $166.3M | LBRDK, JOYY, ATEX, EQC, LBRDA |
| Q2 2024 | 9 | $133.3M | LBRDK, JOYY, ATEX, V, LBRDA |
| Q1 2024 | 5 | $44.1M | ATEX, JOYY, NXDT, VATE, TRINITY BIOTECH INVT LTD |