BENEFIT STREET PARTNERS LLC
Q1 2026 Form 13-F
NEW YORK, NEW YORK
CIK 0001543160
· CRD 158672
· SEC-registered investment adviser
$86.4M Reported Value Total
BENEFIT STREET PARTNERS L.L.C. reports 74 total accounts under management (AUM). There are 74 discretionary accounts valued at $26,557,913,993, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Private funds (Form ADV)
95 funds
· $41.0B gross asset value
Hedge Fund: $24.5B · Securitized Asset Fund: $13.2B · Real Estate Fund: $2.6B · Private Equity Fund: $591.7M
Source: Form ADV filed 2026-07-30
Reported value
$86.4M
Quarter over quarter
-4.9%
Holdings
7
Top-10 concentration
91.9%
Filing Structure
Reports holdings for
- FRANKLIN RESOURCES INC · File #028-00734 · Q1 2019 – Q1 2026 · declared by one filing
- SEI INVESTMENTS COMPANY · File #028-16454 · Q4 2025 – Q1 2026 · declared by one filing
- Benefit Street Credit Alpha Master Fund Ltd. (not a 13F filer in our records) · File #028-18458 · Q4 2017 – Q1 2020
Holdings reported by
- FRANKLIN RESOURCES INC · Q4 2025 – Q1 2026 · declared by one filing
Key People
Form ADV owners & control persons
Thomas James Gahan
SOLE MEMBER
Glenn Michael Creamer
MEMBER
Jonathan Milton Nelson
MEMBER, PRESIDENT AND SENIOR MANAGING DIRECTOR
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13F Metrics
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Q1 2026 13F record
Q1 2026 13F filing summary
| Period of report | March 31, 2026 |
|---|---|
| Filed | April 20, 2026 |
| Form | 13F-HR |
| Reported value | $86.4M |
| Positions | 7 |
| Change in reported value | -4.8% |
| New positions | 6 |
| Exited positions | 4 |
| Position turnover | 90.9% |
| Top-10 concentration | 91.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Jul 21, 2026
|
9 | $69.6M |
|
Q1 2026 13F
Filed Apr 20, 2026
|
7 | $86.4M |
|
Q4 2025 13F
Filed Jan 22, 2026
|
8 | $90.7M |
|
Q3 2023 13F
Filed Nov 14, 2023
|
8 | $19.8M |
|
Q2 2023 13F
Filed Aug 14, 2023
|
7 | $30.6M |
|
Q1 2023 13F
Filed May 15, 2023
|
8 | $48.9M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
9 | $51.5M |
|
Q3 2022 13F
Filed Nov 14, 2022
|
13 | $85.1M |
|
Q2 2022 13F
Filed Jul 27, 2022
|
16 | $167.7M |
|
Q1 2022 13F
Filed May 16, 2022
|
27 | $539.6M |
|
Q4 2021 13F
Filed Feb 14, 2022
|
41 | $302.0M |
|
Q3 2021 13F
Filed Nov 15, 2021
|
40 | $264.5M |
19 earlier quarters on file — choose one from the quarter menu above.
Top 19 holdings · Q1 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | RIOT 0.75 01/15/30 RIOT PLATFORMS INC | $29.7M | 34.38% |
| 2 | PCGPRX PG&E CORP | $14.3M | 16.58% |
| 3 | SATS ECHOSTAR CORP | $14.2M | 16.42% |
| 4 | ECHO 3.875 11/30/30 ECHOSTAR CORP | $5.1M | 5.91% |
| 5 | EAF GRAFTECH INTL LTD SR NT | $4.8M | 5.6% |
| 6 | JBLU 2.5 09/01/29 JETBLUE AIRWAYS CORP | $4.7M | 5.44% |
| 7 | FLNC 2.25 06/15/30 FLUENCE ENERGY INC | $2.0M | 2.34% |
| 8 | BXMT 5.5 03/15/27 BLACKSTONE MORTGAGE TRUST IN | $1.7M | 1.96% |
| 9 | COIN 0.25 04/01/30 COINBASE GLOBAL INC | $1.6M | 1.87% |
| 10 | FOUR 0.5 08/01/27 SHIFT4 PMTS INC | $1.2M | 1.36% |
| 11 | MERC MERCER INTL INC | $1.1M | 1.29% |
| 12 | PTON PELOTON INTERACTIVE INC | $1.1M | 1.24% |
| 13 | ORCLPRD ORACLE CORP | $940.2K | 1.09% |
| 14 | SNOW 0 10/01/29 SNOWFLAKE INC | $872.5K | 1.01% |
| 15 | MSTR 0 03/01/30 STRATEGY INC | $864.0K | 1.0% |
| 16 | MKSI 1.25 06/01/30 MKS INC. | $828.2K | 0.96% |
| 17 | DDOG 0 12/01/29 DATADOG INC | $727.2K | 0.84% |
| 18 | MSTR 0.625 09/15/28 STRATEGY INC | $593.1K | 0.69% |
| 19 | GOCO GOHEALTH INC | $20.5K | 0.02% |
Values as reported on the Q1 2026 Form 13F. Every position is in the holdings table below.