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AIU
Algebris Investments (UK) Portfolio holdings
AUM
$926M
1-Year Est. Return
4.74%
This Fund
S&P 500
This Quarter
Est. Return
+0.68%
1 Year Est. Return
+4.74%
3 Year Est. Return
-15.33%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$926M
AUM Growth
+$299M
(+48%)
Cap. Flow
-$302M
Cap. Flow
% of AUM
-32.57%
Top 10 Holdings %
Top 10 Hldgs %
57.74%
Holding
103
New
30
Increased
19
Reduced
8
Closed
34
Avg Time Held Equity + Options
2.6
quarters
Top 10 Avg Time Held Equity + Options
2.1
quarters
Top 20 Avg Time Held Equity + Options
3.6
quarters
Avg Time Held Equity only
3.5
quarters
Top 10 Avg Time Held Equity only
3.2
quarters
Top 20 Avg Time Held Equity only
3.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$15.2M |
| 2 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$13.7M |
| 3 |
Wells Fargo
WFC
|
+$13.2M |
| 4 |
MetLife
MET
|
+$11.3M |
| 5 |
Fifth Third Bancorp
FITB
|
+$8.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LM
Legg Mason, Inc.
LM
|
+$8.26M |
| 2 |
Ameriprise Financial
AMP
|
+$6.98M |
| 3 |
Fortress Investment Group Llc
FIG
|
+$5.13M |
| 4 |
Voya Financial
VOYA
|
+$5.01M |
| 5 |
KKR & Co
KKR
|
+$4.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 78.63% |
| 2 | Financials | 20.5% |
| 3 | Real Estate | 0.87% |
| 4 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$77.9B
| $131M | 14.1% |
+950,000
| New | +$130M |
2017 Q1
0 quarters
|
|
2
PUT
State Street Financial Select Sector SPDR ETF
XLF
$51B
| $51.5M | 5.56% |
2,172,000
+1,517,000
| +232% | +$36.3M |
2016 Q3
2 quarters
|
|
|
3
Wells Fargo
WFC
$242B
| $25.7M | 2.78% |
461,950
+233,102
| +102% | +$13.2M |
2015 Q2
7 quarters
|
|
|
4
Citigroup
C
$209B
| $23.2M | 2.5% |
387,323
+256,285
| +196% | +$15.2M |
2013 Q2
15 quarters
|
|
5
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.5B
| $19.7M | 2.13% |
500,000
+330,000
| +194% | +$12.5M |
2016 Q3
2 quarters
|
|
|
6
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.26B
| $19M | 2.05% |
15,300
+11,300
| +283% | +$13.7M |
2016 Q4
1 quarter
|
|
|
RBS.PRS.CL
7
DELISTED
The Royal Bank Of Scotland Group
RBS.PRS.CL
| $16.9M | 1.82% |
666,080
-100,561
| -13% | -$2.55M |
2013 Q2
15 quarters
|
|
8
Blackstone
BX
$82.6B
| $16.8M | 1.82% |
566,200
+207,050
| +58% | +$6.23M |
2015 Q3
6 quarters
|
|
9
PUT
Royal Bank of Canada
RY
$270B
| $16.6M | 1.79% |
+228,000
| New | +$16.5M |
2017 Q1
0 quarters
|
|
10
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$3.28B
| $14.9M | 1.61% |
+272,500
| New | +$15.3M |
2017 Q1
0 quarters
|
|
|
11
MetLife
MET
$64B
| $13.5M | 1.46% |
287,378
+236,416
| +464% | +$11.3M |
2013 Q2
15 quarters
|
|
12
PUT
Canadian Imperial Bank of Commerce
CM
$101B
| $12.9M | 1.39% |
300,000
+180,000
| +150% | +$7.82M |
2016 Q4
1 quarter
|
|
13
DELISTED
Discover Financial Services
DFS
| $11.5M | 1.25% |
168,850
+98,050
| +138% | +$6.88M |
2016 Q4
1 quarter
|
|
14
CALL
Bank of America
BAC
$377B
| $11.1M | 1.2% |
470,000
+380,000
| +422% | +$9.02M |
2016 Q2
3 quarters
|
|
|
15
Fifth Third Bancorp
FITB
$45.5B
| $8.43M | 0.91% |
331,800
+322,218
| +3,363% | +$8.59M |
2014 Q2
11 quarters
|
|
|
16
CALL
Citigroup
C
$209B
| $8.02M | 0.87% |
+134,000
| New | +$7.93M |
2017 Q1
0 quarters
|
|
17
PUT
iShares MSCI USA Min Vol Factor ETF
USMV
$23.8B
| $7.83M | 0.84% |
+164,000
| New | +$7.68M |
2017 Q1
0 quarters
|
|
|
ETFC
18
DELISTED
E*Trade Financial Corporation
ETFC
| $7.76M | 0.84% |
+222,400
| New | +$7.98M |
2017 Q1
0 quarters
|
|
19
Huntington Bancshares
HBAN
$30.8B
| $7.6M | 0.82% |
567,800
+488,700
| +618% | +$6.68M |
2016 Q1
4 quarters
|
|
20
Bank of New York Mellon
BNY
$95.7B
| $6.94M | 0.75% |
+147,000
| New | +$6.87M |
2017 Q1
0 quarters
|
|
|
21
Bank of America
BAC
$377B
| $6.55M | 0.71% |
277,688
-63,150
| -19% | -$1.5M |
2015 Q3
6 quarters
|
|
22
Regions Financial
RF
$23B
| $6.15M | 0.66% |
423,400
+405,568
| +2,274% | +$5.98M |
2016 Q3
2 quarters
|
|
23
JPMorgan Chase
JPM
$880B
| $6.1M | 0.66% |
+69,400
| New | +$6.12M |
2017 Q1
0 quarters
|
|
24
PennyMac Mortgage Investment
PMT
$614M
| $6.04M | 0.65% |
+225,000
| New | +$3.81M |
2017 Q1
0 quarters
|
|
25
Carlyle Group
CG
$13.3B
| $5.71M | 0.62% |
358,097
+111,344
| +45% | +$1.83M |
2013 Q2
15 quarters
|
|
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Algebris Investments (UK)'s Q1 2017 Portfolio in Review
As of Q1 2017, Algebris Investments (UK) held 103 positions worth $926M, up 48% from $627M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Algebris Investments (UK) withdrew a net $302M in Q1 2017, closing 34 positions and reducing 8 holdings. Its most notable exit was Ameriprise Financial, an estimated $6.98M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 79% of assets, down from 80% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Algebris Investments (UK) opened a new position in E*Trade Financial Corporation worth $7.76M.
- Algebris Investments (UK)'s largest Q1 2017 buy was E*Trade Financial Corporation: 222,400 shares worth $7.76M.
- Algebris Investments (UK) added most to Citigroup in Q1 2017, an estimated $15.2M increase.
- Algebris Investments (UK)'s biggest Q1 2017 reduction was Legg Mason, Inc., cutting an estimated $8.26M.
- Algebris Investments (UK) fully exited Ameriprise Financial in Q1 2017, selling an estimated $6.98M.
- Algebris Investments (UK)'s ten largest holdings make up 58% of its $926M portfolio in Q1 2017.
- Algebris Investments (UK) opened 30 new positions and closed 34 in Q1 2017.
- Algebris Investments (UK)'s portfolio value rose 48% quarter-over-quarter to $926M.
Based on Algebris Investments (UK)'s 13F filing for Q1 2017, filed 11 May 2017.