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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
+6.35%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$598M
AUM Growth
-$135M
Cap. Flow
-$189M
Cap. Flow %
-31.6%
Top 10 Hldgs %
55.83%
Holding
75
New
20
Increased
8
Reduced
25
Closed
19

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$16.3M
2
CG icon
Carlyle Group
CG
+$15.2M
3
LAZ icon
Lazard
LAZ
+$13.8M
4
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$13.8M
5
AIG icon
American International
AIG
+$13.5M

Top Sells

Rank Stock Value
1
CFG icon
Citizens Financial Group
CFG
+$22.7M
2
SCHW
Charles Schwab
SCHW
+$14.9M
3
VOYA icon
Voya Financial
VOYA
+$12.9M
4
ETFC
E*Trade Financial Corporation
ETFC
+$11.7M
5
DFS
Discover Financial Services
DFS
+$11.3M

Sector Composition

Rank Sector Weight
1 Financials 59.23%
2 Industrials 1.06%
3 Real Estate 0.88%
4 Consumer Discretionary 0%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USB icon
51
US Bancorp
USB
$98.2B
$850K 0.14%
15,856
-129,600
-89% -$6.97M
GS icon
52
CALL
Goldman Sachs
GS
$300B
$637K 0.11%
2,500
– –
FBP icon
53
First Bancorp
FBP
$4.42B
$463K 0.08%
+90,762
New +$453K
CFG icon
54
Citizens Financial Group
CFG
$30.3B
$448K 0.07%
10,661
-579,942
-98% -$22.7M
AGNC icon
55
PUT
AGNC Investment
AGNC
$12.4B
– –
-200,000
Closed -$4.34M
ANSS
56
DELISTED
Ansys
ANSS
– –
-5,000
Closed -$614K
BAC icon
57
CALL
Bank of America
BAC
$435B
– –
-285,600
Closed -$7.24M
C icon
58
CALL
Citigroup
C
$222B
– –
-90,000
Closed -$6.55M
COTY icon
59
Coty
COTY
$2.42B
– –
-30,000
Closed -$496K
EEM icon
60
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-690,000
Closed -$30.9M
FITB
61
Fifth Third Bancorp
FITB
$51.2B
– –
-286,850
Closed -$8.03M
IWM icon
62
PUT
iShares Russell 2000 ETF
IWM
$79.8B
– –
-730,000
Closed -$108M
JPM icon
63
CALL
JPMorgan Chase
JPM
$935B
– –
-90,500
Closed -$8.64M
KBE icon
64
State Street SPDR S&P Bank ETF
KBE
$1.64B
– –
-167,592
Closed -$7.56M
MAC icon
65
Macerich
MAC
$7.33B
– –
-58,182
Closed -$3.2M
PRU icon
66
Prudential Financial
PRU
$42.4B
– –
-19,950
Closed -$2.12M
PYPL icon
67
PUT
PayPal
PYPL
$48.9B
– –
-150,000
Closed -$9.6M
SCHW
68
Charles Schwab
SCHW
$183B
– –
-340,450
Closed -$14.9M
SEE
69
DELISTED
Sealed Air
SEE
– –
-28,869
Closed -$1.23M
SPG icon
70
Simon Property Group
SPG
$74.4B
– –
-34,000
Closed -$5.47M
SC
71
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
– –
-446,101
Closed -$6.86M
ETFC
72
CALL
DELISTED
E*Trade Financial Corporation
ETFC
– –
-115,000
Closed -$5.01M
XL
73
PUT
DELISTED
XL Group Ltd.
XL
– –
-100,000
Closed -$3.94M
1 2
3

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RIM
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OCAM
Owl Creek Asset Management New York $1.38B AUM 59.67% 1-Year Est. Return
AO
Advisor OS Chicago, Illinois $1.38B AUM 16.6% 1-Year Est. Return
FFM
Fairmount Funds Management West Conshohocken, Pennsylvania $1.38B AUM 407.79% 1-Year Est. Return
JHU
Johns Hopkins University Baltimore, Maryland $1.38B AUM 9.48% 1-Year Est. Return
NCGI
Next Century Growth Investors Plymouth, Minnesota $1.38B AUM 102.34% 1-Year Est. Return
NIP
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RAM
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Algebris (UK)'s Q4 2017 Portfolio in Review

As of Q4 2017, Algebris (UK) held 75 positions worth $598M, down 18% from $733M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Algebris (UK) withdrew a net $189M in Q4 2017, closing 19 positions and reducing 25 holdings. Its most notable exit was Charles Schwab, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 59% of assets, up from 51% a quarter earlier, followed by Industrials and Real Estate.

Against the trend, Algebris (UK) opened a new position in iShares MSCI Emerging Markets ETF worth $16.6M.

  • Algebris (UK)'s largest Q4 2017 buy was iShares MSCI Emerging Markets ETF: 352,000 shares worth $16.6M.
  • Algebris (UK) added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q4 2017, an estimated $13.8M increase.
  • Algebris (UK)'s biggest Q4 2017 reduction was Citizens Financial Group, cutting an estimated $22.7M.
  • Algebris (UK) fully exited Charles Schwab in Q4 2017, selling an estimated $14.9M.
  • Algebris (UK)'s ten largest holdings make up 56% of its $598M portfolio in Q4 2017.
  • Algebris (UK) opened 20 new positions and closed 19 in Q4 2017.
  • Algebris (UK)'s portfolio value fell 18% quarter-over-quarter to $598M.

Based on Algebris (UK)'s 13F filing for Q4 2017, filed 13 Feb 2018.