Boundary Creek Advisors LP
Boundary Creek Advisors LP is a hedge fund based in New York, NY, founded in 2019, and organized as a Delaware limited partnership. The firm is focused on uncovering long/short credit investments within North American and European debt markets. Catering primarily to institutional and accredited investors, Boundary Creek manages private, pooled investment vehicles. The firm is led by Chief Investment Officer Peter Greatrex and employs risk management processes overseen by a group of principals with extensive experience in the industry.
Investment Strategy
Boundary Creek Advisors LP pursues a long/short credit strategy, focusing on opportunities across North American and European debt markets. The firm invests in a broad range of listed and unlisted instruments, such as loans, corporate bonds, derivatives (including credit, interest rate, currency, and equity), convertible securities, equities, government bonds, and structured products. The firm is opportunistic, with no set limitations on markets, sectors, or instruments. It employs fundamental analysis and discretion to seek capital appreciation and preservation, including distressed and special situation credit. Risk management is multi-faceted, utilizing portfolio reviews, macro factor exposure limits, and scenario analysis, leveraging the experience of its principals.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SLS.TO | SOLARIS RES INC | 4.99% | $22.8M | 4,976,710 | $3.81 | $6.24 | -$2.2M |
M MATV | MATIV HOLDINGS INC | 1.96% | $9.0M | 1,313,984 | $17.16 | $6.82 | -$3.2M |
M MERC | MERCER INTL INC | 1.79% | $8.2M | 2,333,375 | $9.18 | $3.50 | -$16.3M |
V VEEAW | VEEA INC | 0.00% | $3.8K | 28,083 | $0.24 | $0.14 | +$1.5K |
Options Positions (4)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | New | Call | $308.9M | 5,000 | $617.85 | $617.85 | +5,000 | +$308.9M |
M MPW | MEDICAL PPTYS TRUST INC | Sold | Put | $97.0M | 225,000 | $4.31 | $5.10 | -2,049 | -$39.9M |
M MATV | MATIV HOLDINGS INC | — | Call | $6.0M | 8,750 | $6.82 | $15.19 | 0 | +$516.3K |
M MERC | MERCER INTL INC | Bought | Call | $4.9M | 14,000 | $3.50 | $3.50 | +14,000 | +$4.9M |