Orinda Asset Management 13F annual report
Orinda Asset Management is an investment fund managing more than $52.6 million ran by Craig Kirkpatrick. There are currently 38 companies in Mr. Kirkpatrick’s portfolio. The largest investments include Rlj Lodging Tr and Blackstone Mtg Tr Inc, together worth $8.59 million.
$52.6 million Assets Under Management (AUM)
As of 13th October 2020, Orinda Asset Management’s top holding is 229,034 shares of Rlj Lodging Tr currently worth over $5.01 million and making up 9.5% of the portfolio value.
In addition, the fund holds 148,600 shares of Blackstone Mtg Tr Inc worth $3.58 million.
The third-largest holding is Arbor Rlty Tr Inc worth $3.51 million and the next is Nuveen Pfd & Income Opportunit worth $3.11 million, with 377,900 shares owned.
Currently, Orinda Asset Management's portfolio is worth at least $52.6 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Orinda Asset Management
The Orinda Asset Management office and employees reside in Lafayette, California. According to the last 13-F report filed with the SEC, Craig Kirkpatrick serves as the Managing Partner at Orinda Asset Management.
Recent trades
In the most recent 13F filing, Orinda Asset Management revealed that it had opened a new position in
Agnc Invt Corp and bought 150,000 shares worth $1.94 million.
The investment fund also strengthened its position in Rlj Lodging Tr by buying
8,634 additional shares.
This makes their stake in Rlj Lodging Tr total 229,034 shares worth $5.01 million.
On the other hand, there are companies that Orinda Asset Management is getting rid of from its portfolio.
Orinda Asset Management closed its position in CubeSmart on 20th October 2020.
It sold the previously owned 35,000 shares for $938 thousand.
Craig Kirkpatrick also disclosed a decreased stake in Nuveen Pfd & Income Opportunit by 0.2%.
This leaves the value of the investment at $3.11 million and 377,900 shares.
One of the smallest hedge funds
The two most similar investment funds to Orinda Asset Management are Gramercy Funds Management and Samson Capital Management. They manage $48.8 million and $48.6 million respectively.
Craig Kirkpatrick investment strategy
Orinda Asset Management’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Real Estate — making up 21.4% of
the total portfolio value.
The fund focuses on investments in the United States as
26.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
11% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $6.22 billion.
The complete list of Orinda Asset Management trades based on 13F SEC filings
These positions were updated on October 20th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Rlj Lodging Tr |
3.92%
229,034
|
$5,014,000 | 9.52% |
| Blackstone Mtg Tr Inc |
74.82%
148,600
|
$3,580,000 | 6.80% |
| Arbor Rlty Tr Inc |
30.13%
380,000
|
$3,511,000 | 6.67% |
| Nuveen Pfd & Income Opportunit |
16.19%
377,900
|
$3,110,000 | 5.91% |
| Wp Carey Inc |
125.00%
45,000
|
$3,044,000 | 5.78% |
| Annaly Capital Management, Inc. |
940.53%
416,210
|
$2,730,000 | 5.19% |
| Stag Indl Inc |
75.00%
70,000
|
$2,052,000 | 3.90% |
| Agnc Invt Corp |
Opened
150,000
|
$1,935,000 | 3.68% |
| Starwood Ppty Tr Inc |
4.17%
125,000
|
$1,870,000 | 3.55% |
| Qts Rlty Tr Inc |
Opened
27,000
|
$1,730,000 | 3.29% |
| Sabra Health Care REIT, Inc. |
33.40%
116,555
|
$1,682,000 | 3.19% |
| Essex Ppty Tr Inc |
Opened
7,000
|
$1,604,000 | 3.05% |
| Sl Green Rlty Corp |
Opened
32,500
|
$1,602,000 | 3.04% |
| Tpg Re Fin Tr Inc |
184.27%
185,000
|
$1,591,000 | 3.02% |
| Digital Rlty Tr Inc |
Opened
10,000
|
$1,421,000 | 2.70% |
| Vanguard Index Fds Real Estate |
Opened
17,500
|
$1,374,000 | 2.61% |
| Ventas, Inc. |
44.44%
37,500
|
$1,373,000 | 2.61% |
| Apollo Coml Real Est Fin Inc C |
170.34%
135,171
|
$1,326,000 | 2.52% |
| Vornado Rlty Tr |
Opened
32,500
|
$1,242,000 | 2.36% |
| Invitation Homes, Inc. |
Opened
41,000
|
$1,129,000 | 2.14% |
| Boston Properties, Inc. |
Opened
12,000
|
$1,085,000 | 2.06% |
| Ready Capital Corp. |
No change
49,941
|
$1,036,000 | 1.97% |
| CubeSmart |
Closed
35,000
|
$938,000 | |
| VEREIT, Inc. |
74.16%
135,000
|
$868,000 | 1.65% |
| Ladder Cap Corp |
Opened
100,000
|
$810,000 | 1.54% |
| Iron Mtn Inc New |
Opened
30,000
|
$783,000 | 1.49% |
| Chimera Invt Corp |
Closed
83,996
|
$764,000 | |
| Bluerock Residential Gwt Reit |
6.31%
92,676
|
$749,000 | 1.42% |
| Hyatt Hotels Corp. |
Closed
15,000
|
$719,000 | |
| Qts Rlty Tr Inc |
No change
5,000
|
$710,000 | 1.35% |
| Lexington Realty Trust |
Opened
60,000
|
$633,000 | 1.20% |
| Oaktree Specialty Lending Corp |
19.06%
134,700
|
$602,000 | 1.14% |
| Ready Cap Corp |
Closed
80,000
|
$578,000 | |
| Colony Cap Inc New |
Closed
295,440
|
$517,000 | |
| Kkr Real Estate Fin Tr Inc |
Opened
28,614
|
$474,000 | 0.90% |
| Exantas Cap Corp |
15.00%
170,000
|
$451,000 | 0.86% |
| City Office REIT, Inc. |
12.50%
35,000
|
$352,000 | 0.67% |
| Investors Real Estate Trust |
Closed
5,000
|
$275,000 | |
| Ares Coml Real Estate Corp |
Opened
30,000
|
$274,000 | 0.52% |
| Global Net Lease, Inc. |
Opened
14,830
|
$248,000 | 0.47% |
| Tanger Factory Outlet Ctrs Inc |
Opened
30,000
|
$214,000 | 0.41% |
| New Residential Invt Corp |
Closed
37,785
|
$189,000 | |
| Granite Pt Mtg Tr Inc |
68.75%
25,000
|
$180,000 | 0.34% |
| Independence Rlty Tr Inc |
Closed
16,730
|
$150,000 | |
| Macerich Co. |
Opened
16,420
|
$147,000 | 0.28% |
| Preferred Apt Cmntys Inc |
Opened
14,670
|
$111,000 | 0.21% |
| No transactions found | |||
| Showing first 500 out of 46 holdings | |||
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