Nut Tree Capital Management, LP
Nut Tree Capital Management, LP is a New York-based, SEC-registered investment adviser founded in 2015. The firm specializes in fundamentals-based, long-biased strategies focused primarily on stressed and distressed corporate debt, low loan-to-value high yield debt, and special situations and deep value equities. Nut Tree serves institutional and private investors and employs approximately 13 professionals.
Investment Strategy
Nut Tree Capital Management utilizes a fundamentals-based, long-biased investment approach. Their portfolio is heavily concentrated in stressed and distressed corporate debt, low loan-to-value high yield debt, as well as special situations and deep value equities. The firm aims to uncover value by investing in companies facing operational or financial challenges, often seeking opportunities in less efficient parts of the credit and equity markets. They manage portfolios with a focus on risk-adjusted returns, combining rigorous credit analysis and deep research to drive their investments.
Top Holdings
Equity Positions (8)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CSTM | CONSTELLIUM SE | 22.14% | $75.2M | 5,655,900 | $11.16 | $13.30 | +$18.2M |
A AVAH | AVEANNA HEALTHCARE HLDGS INC | 19.05% | $64.7M | 12,372,649 | $3.88 | $5.23 | -$2.4M |
C CZR | CAESARS ENTERTAINMENT INC NE | 16.71% | $56.8M | 2,000,000 | $26.16 | $28.39 | +$24.0M |
B BRSP | BRIGHTSPIRE CAPITAL INC | 16.34% | $55.5M | 10,993,946 | $8.96 | $5.05 | -$5.6M |
S SATS | ECHOSTAR CORP | 6.12% | $20.8M | 750,000 | $21.04 | $27.70 | +$8.0M |
Industry Allocation
Investment Team (2)
| Name | Role | Location | |
|---|---|---|---|
A Andrew White | Senior Analyst | New York, NY , United States | |
E Eric H. | Principal | New York, NY , United States |