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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
+2.84%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$670M
AUM Growth
-$313M
Cap. Flow
-$396M
Cap. Flow %
-59.15%
Top 10 Hldgs %
55.19%
Holding
69
New
17
Increased
7
Reduced
18
Closed
23

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$32.8M
2
ETFC
E*Trade Financial Corporation
ETFC
+$20.4M
3
CFG icon
Citizens Financial Group
CFG
+$12.4M
4
EQH icon
Equitable Holdings
EQH
+$8.75M
5
SBNY
Signature Bank
SBNY
+$6.58M

Top Sells

Rank Stock Value
1
BX icon
Blackstone
BX
+$40.8M
2
AMP icon
Ameriprise Financial
AMP
+$28M
3
PFG icon
Principal Financial Group
PFG
+$24.6M
4
LNC icon
Lincoln National
LNC
+$22.7M
5
VOYA icon
Voya Financial
VOYA
+$22.5M

Sector Composition

Rank Sector Weight
1 Financials 62.56%
2 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IBN icon
26
ICICI Bank
IBN
$108B
$7.63M 1.14%
898,660
-894,999
-50% -$7.91M
BMO icon
27
PUT
Bank of Montreal
BMO
$126B
$6.6M 0.99%
+80,000
New +$6.43M
IYR icon
28
PUT
iShares US Real Estate ETF
IYR
$4.66B
$6M 0.9%
+75,000
New +$6.11M
LAZ icon
29
Lazard
LAZ
$4.13B
$5.55M 0.83%
+115,400
New +$5.74M
PACW
30
DELISTED
PacWest Bancorp
PACW
$5.49M 0.82%
115,207
-30,500
-21% -$1.54M
BHF icon
31
Brighthouse Financial
BHF
$3.56B
$3.83M 0.57%
86,462
-168,226
-66% -$7.08M
ARES icon
32
Ares Management
ARES
$28.9B
$3.66M 0.55%
157,708
-35,042
-18% -$752K
SCU
33
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$3.53M 0.53%
238,650
-123,101
-34% -$2.33M
ALLY icon
34
Ally Financial
ALLY
$13.2B
$3.22M 0.48%
+121,893
New +$3.31M
AEL
35
PUT
DELISTED
American Equity Investment Life Holding Company
AEL
$2.65M 0.4%
+75,000
New +$2.71M
TSLA icon
36
PUT
Tesla
TSLA
$1.23T
$2.65M 0.4%
+150,000
New +$3.12M
AMG icon
37
Affiliated Managers Group
AMG
$9.69B
$2.43M 0.36%
+17,800
New +$2.63M
FHN icon
38
First Horizon
FHN
$12.2B
$2.14M 0.32%
124,076
-45,533
-27% -$822K
STL
39
DELISTED
Sterling Bancorp
STL
$1.56M 0.23%
+70,950
New +$1.62M
BKU icon
40
Bankunited
BKU
$3.37B
$1.25M 0.19%
+35,350
New +$1.39M
KEY icon
41
KeyCorp
KEY
$24.2B
$1.04M 0.15%
52,150
-415,000
-89% -$8.62M
BBD icon
42
Banco Bradesco
BBD
$38.2B
$940K 0.14%
+212,028
New +$977K
AMP icon
43
Ameriprise Financial
AMP
$48.3B
– –
-200,150
Closed -$28M
BHF icon
44
CALL
Brighthouse Financial
BHF
$3.56B
– –
-231,500
Closed -$6.83M
BKU icon
45
CALL
Bankunited
BKU
$3.37B
– –
-231,000
Closed -$6.61M
BX icon
46
CALL
Blackstone
BX
$102B
– –
-304,400
Closed -$6.54M
C icon
47
CALL
Citigroup
C
$222B
– –
-154,000
Closed -$7.03M
COF icon
48
Capital One
COF
$128B
– –
-108,137
Closed -$9.94M
DFS
49
DELISTED
Discover Financial Services
DFS
– –
-140,189
Closed -$9.87M
EEM icon
50
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-1,911,000
Closed -$116M
1
2
3

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Algebris (UK)'s Q3 2018 Portfolio in Review

As of Q3 2018, Algebris (UK) held 69 positions worth $670M, down 32% from $983M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Algebris (UK) withdrew a net $396M in Q3 2018, closing 23 positions and reducing 18 holdings. Its most notable exit was Ameriprise Financial, an estimated $28M position sold in full.

By sector, the portfolio is most concentrated in Financials at 63% of assets, up from 59% a quarter earlier, followed by Energy.

Against the trend, Algebris (UK) opened a new position in Apollo Global Management worth $32.5M.

  • Algebris (UK)'s largest Q3 2018 buy was Apollo Global Management: 940,955 shares worth $32.5M.
  • Algebris (UK) added most to Signature Bank in Q3 2018, an estimated $6.58M increase.
  • Algebris (UK)'s biggest Q3 2018 reduction was Blackstone, cutting an estimated $40.8M.
  • Algebris (UK) fully exited Ameriprise Financial in Q3 2018, selling an estimated $28M.
  • Algebris (UK)'s ten largest holdings make up 55% of its $670M portfolio in Q3 2018.
  • Algebris (UK) opened 17 new positions and closed 23 in Q3 2018.
  • Algebris (UK)'s portfolio value fell 32% quarter-over-quarter to $670M.

Based on Algebris (UK)'s 13F filing for Q3 2018, filed 14 Nov 2018.