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Algebris (UK) Portfolio holdings
AUM
$1.38B
1-Year Est. Return
3.87%
This Fund
S&P 500
This Quarter
Est. Return
-5.51%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
+$466M
(+78%)
Cap. Flow
+$538M
Cap. Flow
% of AUM
50.58%
Top 10 Holdings %
Top 10 Hldgs %
53.89%
Holding
85
New
31
Increased
18
Reduced
4
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$51.2M |
| 2 |
Prudential Financial
PRU
|
+$50.7M |
| 3 |
American International
AIG
|
+$22M |
| 4 |
Unum
UNM
|
+$21M |
| 5 |
US Bancorp
USB
|
+$20.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$33.7M |
| 2 |
Huntington Bancshares
HBAN
|
+$18.3M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$17.3M |
| 4 |
Lazard
LAZ
|
+$15.2M |
| 5 |
KeyCorp
KEY
|
+$11.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.95% |
| 2 | Real Estate | 3.21% |
| 3 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
S&P Global
SPGI
$121B
| $11.5M | 1.08% |
+60,000
| New | +$11.1M |
|
|
PACW
27
DELISTED
PacWest Bancorp
PACW
| $11M | 1.03% |
+222,210
| New | +$11.6M |
|
28
ICICI Bank
IBN
$108B
| $10.3M | 0.97% |
1,162,798
+488,400
| +72% | +$4.83M |
|
|
ATH
29
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $10.3M | 0.97% |
214,900
+171,750
| +398% | +$8.55M |
|
|
CMA
30
PUT
DELISTED
Comerica
CMA
| $9.59M | 0.9% |
+100,000
| New | +$9.54M |
|
|
31
CALL
Prudential Financial
PRU
$42.4B
| $9.11M | 0.86% |
+88,000
| New | +$9.92M |
|
32
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $9.06M | 0.85% |
+150,000
| New | +$9.31M |
|
33
PUT
Globe Life
GL
$14.2B
| $8.42M | 0.79% |
+100,000
| New | +$8.74M |
|
34
CALL
Citigroup
C
$222B
| $8.1M | 0.76% |
+120,000
| New | +$9.02M |
|
35
PUT
T. Rowe Price
TROW
$23.9B
| $8.1M | 0.76% |
+75,000
| New | +$8.35M |
|
36
Kimco Realty
KIM
$17.2B
| $8.04M | 0.76% |
+558,694
| New | +$8.6M |
|
37
Brixmor Property Group
BRX
$9.67B
| $8.03M | 0.75% |
526,474
+357,669
| +212% | +$5.7M |
|
|
XYZ
38
PUT
Block Inc
XYZ
$48.4B
| $5.95M | 0.56% |
+121,000
| New | +$5.55M |
|
|
PMT
39
PennyMac Mortgage Investment
PMT
$822M
| $5.78M | 0.54% |
+227,000
| New | +$3.8M |
|
40
First Horizon
FHN
$12.2B
| $5.61M | 0.53% |
+297,671
| New | +$5.87M |
|
|
SCU
41
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $5.49M | 0.52% |
205,580
+39,240
| +24% | +$1.03M |
|
42
Ares Capital
ARCC
$13.5B
| $5.13M | 0.48% |
+323,000
| New | +$5.12M |
|
43
Starwood Property Trust
STWD
$5.92B
| $4.38M | 0.41% |
+209,326
| New | +$4.33M |
|
44
Mid-America Apartment Communities
MAA
$15.4B
| $4.29M | 0.4% |
+47,056
| New | +$4.26M |
|
45
PUT
Tesla
TSLA
$1.23T
| $3.99M | 0.38% |
+225,000
| New | +$4.95M |
|
46
Camden Property Trust
CPT
$11B
| $3.6M | 0.34% |
+42,800
| New | +$3.57M |
|
|
AEL
47
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.15M | 0.3% |
+107,209
| New | +$3.43M |
|
|
FMBI
48
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $2.85M | 0.27% |
+115,700
| New | +$2.91M |
|
|
IBKC
49
DELISTED
IBERIABANK Corp
IBKC
| $2.58M | 0.24% |
33,050
+2,950
| +10% | +$242K |
|
50
OceanFirst Financial
OCFC
$1.68B
| $2.45M | 0.23% |
91,500
+7,850
| +9% | +$212K |
|
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Algebris (UK)'s Q1 2018 Portfolio in Review
As of Q1 2018, Algebris (UK) held 85 positions worth $1.06B, up 78% from $598M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Algebris (UK) deployed $538M of net new capital in Q1 2018, opening 31 new positions and adding to 18 existing holdings. Its largest new stake was Prudential Financial: 449,717 shares worth $46.6M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 59% a quarter earlier, followed by Real Estate and Industrials.
On the sell side, the largest reduction was OneMain Financial, an estimated $5.8M trimmed.
- Algebris (UK)'s largest Q1 2018 buy was Prudential Financial: 449,717 shares worth $46.6M.
- Algebris (UK) added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q1 2018, an estimated $51.2M increase.
- Algebris (UK)'s biggest Q1 2018 reduction was OneMain Financial, cutting an estimated $5.8M.
- Algebris (UK) fully exited Bank of America in Q1 2018, selling an estimated $33.7M.
- Algebris (UK)'s ten largest holdings make up 54% of its $1.06B portfolio in Q1 2018.
- Algebris (UK) opened 31 new positions and closed 31 in Q1 2018.
- Algebris (UK)'s portfolio value rose 78% quarter-over-quarter to $1.06B.
Based on Algebris (UK)'s 13F filing for Q1 2018, filed 2 May 2018.