# Phoenix Investment Adviser LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1415030. Source: https://holderbook.com/funds/1415030-phoenix-investment-adviser-llc/

- Reported value: $28.5M
- Positions: 30
- Weight of the ten largest: 77.2%
- Filed: 2019-11-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CLEAR CHANNEL OUTDOOR HLDGS | [CCO](https://holderbook.com/stocks/CCO/) | $4.1M | 1,617,571 | 14.3% | 1 |
| BAUSCH HEALTH COS INC | [BHC](https://holderbook.com/stocks/BHC/) | $2.8M | 126,414 | 9.7% | 4 |
| PARTY CITY HOLDCO INC | [PRTYQ](https://holderbook.com/stocks/PRTYQ/) | $2.4M | 425,445 | 8.5% | 2 |
| PYXUS INTL INC | [PYXSQ](https://holderbook.com/stocks/PYXSQ/) | $2.4M | 183,637 | 8.4% | 4 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $2.3M | 104,932 | 8.2% | 4 |
| ENLINK MIDSTREAM LLC | [ENLC](https://holderbook.com/stocks/ENLC/) | $2.3M | 268,000 | 8.0% | 1 |
| ANTERO MIDSTREAM CORP | [AM](https://holderbook.com/stocks/AM/) | $2.2M | 292,970 | 7.6% | 1 |
| GNC HLDGS INC | - | $1.5M | 1,609,000 | 5.1% | 4 |
| CONSTELLIUM NV | [CSTMXXXX](https://holderbook.com/stocks/CSTMXXXX/) | $1.1M | 88,400 | 3.9% | 4 |
| HECLA MINING COMPANY | [HL](https://holderbook.com/stocks/HL/) | $981.0K | 557,391 | 3.4% | 1 |
| YRC WORLDWIDE INC | [YRCW](https://holderbook.com/stocks/YRCW/) | $798.0K | 264,274 | 2.8% | 4 |
| STARS GROUP INC | [TSG](https://holderbook.com/stocks/TSG/) | $698.0K | 46,594 | 2.5% | 4 |
| LSC COMMUNICATIONS INC | [LKSDQ](https://holderbook.com/stocks/LKSDQ/) | $639.0K | 462,800 | 2.2% | 1 |
| W & T OFFSHORE INC | [WTI](https://holderbook.com/stocks/WTI/) | $634.0K | 145,000 | 2.2% | 2 |
| WW INTL INC | [WGHTQ](https://holderbook.com/stocks/WGHTQ/) | $503.0K | 13,306 | 1.8% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $500.0K | 2,406 | 1.8% | 4 |
| CURO GROUP HOLDINGS CORP | [CUROQ](https://holderbook.com/stocks/CUROQ/) | $474.0K | 35,690 | 1.7% | 3 |
| RITE AID CORP | [RADCQ](https://holderbook.com/stocks/RADCQ/) | $417.0K | 60,000 | 1.5% | 2 |
| NORTHERN OIL & GAS INC NEV | [NOGXXXX](https://holderbook.com/stocks/NOGXXXX/) | $314.0K | 160,000 | 1.1% | 3 |
| COLONY CAP INC NEW | [CLNY](https://holderbook.com/stocks/CLNY/) | $276.0K | 45,800 | 1.0% | 4 |
| RANGER OIL CORPORATION | [ROCC](https://holderbook.com/stocks/ROCC/) | $218.0K | 7,500 | 0.8% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $205.0K | 690 | 0.7% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $202.0K | 1,340 | 0.7% | 4 |
| CUMULUS MEDIA INC | [CMLSQ](https://holderbook.com/stocks/CMLSQ/) | $110.0K | 7,553 | 0.4% | 4 |
| ANYWHERE REAL ESTATE INC | [HOUS](https://holderbook.com/stocks/HOUS/) | $107.0K | 16,000 | 0.4% | 1 |
| BLUE APRON HLDGS INC | [APRNXXXX](https://holderbook.com/stocks/APRNXXXX/) | $101.0K | 12,000 | 0.4% | 1 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $96.0K | 1,580 | 0.3% | 4 |
| STAAR SURGICAL CO | [STAA](https://holderbook.com/stocks/STAA/) | $70.0K | 2,700 | 0.2% | 2 |
| HILL ROM HLDGS INC | [HRC](https://holderbook.com/stocks/HRC/) | $68.0K | 650 | 0.2% | 2 |
| NAVIGATOR HLDGS LTD | [NVGS](https://holderbook.com/stocks/NVGS/) | $50.0K | 4,700 | 0.2% | 4 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $28.5M | 30 |
| Q2 2019 | $54.8M | 37 |
| Q1 2019 | $46.1M | 37 |
| Q4 2018 | $47.1M | 34 |