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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
-21.82%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$590M
AUM Growth
-$79.8M
Cap. Flow
+$71.8M
Cap. Flow %
12.17%
Top 10 Hldgs %
50.97%
Holding
71
New
27
Increased
16
Reduced
7
Closed
19

Top Buys

Rank Stock Value
1
SNV
Synovus
SNV
+$22.5M
2
C icon
Citigroup
C
+$22M
3
WFC icon
Wells Fargo
WFC
+$12.6M
4
HBAN icon
Huntington Bancshares
HBAN
+$12.1M
5
CMA
Comerica
CMA
+$11.7M

Top Sells

Rank Stock Value
1
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$53.7M
2
ETFC
E*Trade Financial Corporation
ETFC
+$10.6M
3
LNC icon
Lincoln National
LNC
+$10.1M
4
ISBC
Investors Bancorp, Inc.
ISBC
+$9.65M
5
SBNY
Signature Bank
SBNY
+$9.39M

Sector Composition

Rank Sector Weight
1 Financials 71.51%
2 Real Estate 2.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRU icon
26
CALL
Prudential Financial
PRU
$42.4B
$8.15M 1.38%
+100,000
New +$9.21M
PACW
27
DELISTED
PacWest Bancorp
PACW
$7.43M 1.26%
223,257
+108,050
+94% +$4.31M
MTB icon
28
CALL
M&T Bank
MTB
$35.7B
$7.16M 1.21%
+50,000
New +$7.99M
KRE icon
29
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
$6.45M 1.09%
+137,796
New +$7.37M
CG icon
30
CALL
Carlyle Group
CG
$16.6B
$6.3M 1.07%
+400,000
New +$7.59M
LAZ icon
31
Lazard
LAZ
$4.13B
$6.18M 1.05%
167,500
+52,100
+45% +$2.08M
FHN icon
32
First Horizon
FHN
$12.2B
$5.98M 1.01%
454,738
+330,662
+266% +$5.15M
BX icon
33
CALL
Blackstone
BX
$102B
$5.96M 1.01%
+200,000
New +$6.61M
ETFC
34
DELISTED
E*Trade Financial Corporation
ETFC
$5.72M 0.97%
130,397
-216,551
-62% -$10.6M
PMT
35
PennyMac Mortgage Investment
PMT
$822M
$5.4M 0.92%
+227,000
New +$4.53M
VOYA icon
36
Voya Financial
VOYA
$9.01B
$5.06M 0.86%
+126,150
New +$5.6M
MTB icon
37
M&T Bank
MTB
$35.7B
$4.67M 0.79%
+32,600
New +$5.21M
LNC icon
38
CALL
Lincoln National
LNC
$8.72B
$4.62M 0.78%
+90,000
New +$5.47M
SYF icon
39
Synchrony
SYF
$24.7B
$4.59M 0.78%
+195,700
New +$5.29M
VCTR icon
40
Victory Capital Holdings
VCTR
$6.19B
$4.1M 0.7%
+401,052
New +$3.92M
STL
41
DELISTED
Sterling Bancorp
STL
$3.99M 0.68%
241,500
+170,550
+240% +$3.18M
KEY icon
42
CALL
KeyCorp
KEY
$24.2B
$2.96M 0.5%
+200,000
New +$3.52M
MS icon
43
Morgan Stanley
MS
$331B
$2.93M 0.5%
+73,950
New +$3.23M
SCU
44
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
$2.29M 0.39%
248,900
+10,250
+4% +$125K
EVR icon
45
Evercore
EVR
$12.4B
$1.32M 0.22%
+18,500
New +$1.52M
AMP icon
46
Ameriprise Financial
AMP
$48.3B
$1.29M 0.22%
+12,350
New +$1.55M
STT icon
47
State Street
STT
$50.6B
$1.03M 0.17%
+16,300
New +$1.17M
TCBI icon
48
Texas Capital Bancshares
TCBI
$4.3B
$1.02M 0.17%
+20,000
New +$1.26M
COF icon
49
Capital One
COF
$128B
$1M 0.17%
+13,254
New +$1.15M
SIVB
50
DELISTED
SVB Financial Group
SIVB
$893K 0.15%
+4,700
New +$1.15M
1
2
3

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Algebris (UK)'s Q4 2018 Portfolio in Review

As of Q4 2018, Algebris (UK) held 71 positions worth $590M, down 12% from $670M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Algebris (UK) deployed $71.8M of net new capital in Q4 2018, opening 27 new positions and adding to 16 existing holdings. Its largest new stake was Synovus: 597,069 shares worth $19.1M.

By sector, the portfolio is most concentrated in Financials at 72% of assets, up from 63% a quarter earlier, followed by Real Estate.

On the sell side, the largest reduction was E*Trade Financial Corporation, an estimated $10.6M trimmed.

  • Algebris (UK)'s largest Q4 2018 buy was Synovus: 597,069 shares worth $19.1M.
  • Algebris (UK) added most to Citigroup in Q4 2018, an estimated $22M increase.
  • Algebris (UK)'s biggest Q4 2018 reduction was E*Trade Financial Corporation, cutting an estimated $10.6M.
  • Algebris (UK) fully exited Wells Fargo 7.5% Non Cumv Perp Conv in Q4 2018, selling an estimated $53.7M.
  • Algebris (UK)'s ten largest holdings make up 51% of its $590M portfolio in Q4 2018.
  • Algebris (UK) opened 27 new positions and closed 19 in Q4 2018.
  • Algebris (UK)'s portfolio value fell 12% quarter-over-quarter to $590M.

Based on Algebris (UK)'s 13F filing for Q4 2018, filed 15 Feb 2019.