SEC Filing Summary: BRC Group Holdings, Inc.
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by BRC Group Holdings, Inc. for the reporting period ending June 30, 2024. The document discloses the company's holdings of U.S. equity securities and certain debt instruments as of the close of the quarter. It does not contain operational financial statements for BRC Group Holdings itself.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of 16 issuers. The total aggregate value of the reported holdings is approximately $124.3 million based on the sum of the "Value" column. The portfolio is heavily concentrated in a few positions:
- Babcock & Wilcox Enterprises: Largest holding by value at $39,797,457 (27,446,522 shares).
- Doubledown Interactive Co: Second largest holding at $53,567,471 (4,101,644 shares).
- Lilium N.V.: Third largest holding at $8,741,393 (11,027,776 shares).
- Synchronoss Technologies Inc: Fourth largest holding at $13,148,823 (1,413,852 shares).
Debt and Liquidity: The filing does not provide data on BRC Group Holdings' own debt, liquidity, cash flow, or profit margins. It only lists one debt security held in the portfolio: Inseego Corp Note 3.250% valued at $105,435.
Material Changes and Voting Authority
The filing does not provide comparative data against the prior period (March 31, 2024) to determine material changes in holdings. All reported positions indicate Sole Discretion for voting authority. No shared or none voting authority positions are listed.
Guidance, Risks, and Unusual Items
Guidance and Outlook: This filing type does not contain management commentary, forward-looking guidance, or strategic outlook for BRC Group Holdings.
Risks and Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. Specific risks include the presence of warrants in the portfolio (e.g., EOS Energy Enterprises, The Lion Electric Company) which have expiration dates noted (May 2024 and December 2024 respectively), implying potential time-sensitive value erosion if not exercised.
Investor Verification Checklist
- Verify the total portfolio value calculation against the sum of individual line items ($124.3M).
- Confirm the status of the warrant positions (EOS Energy, Lion Electric) given their expiration dates relative to the filing date.
- Check subsequent filings (e.g., 13F-HR for the next quarter) to assess turnover and changes in the top holdings (Babcock & Wilcox, Doubledown).
- Note that this document does not reflect BRC Group Holdings' own financial health, only its investment assets.