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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 | |
|---|---|---|---|---|---|---|
51
PUT
Itaú Unibanco
ITUB
$93.2B
| $2.34M | 0.22% |
+309,224
| New | +$2.31M |
|
52
OneMain Financial
OMF
$7.23B
| $1.7M | 0.16% |
56,925
-182,575
| -76% | -$5.8M |
|
53
Encore Capital Group
ECPG
$2.02B
| $1.05M | 0.1% |
23,150
| – | – |
|
54
AGNC Investment
AGNC
$12.4B
| – | – |
-104,383
| Closed | -$2.11M |
|
55
PUT
American Express
AXP
$227B
| – | – |
-100,000
| Closed | -$9.93M |
|
56
Boeing
BA
$171B
| – | – |
-5,300
| Closed | -$1.56M |
|
|
57
Bank of America
BAC
$435B
| – | – |
-1,140,812
| Closed | -$33.7M |
|
58
Bankunited
BKU
$3.37B
| – | – |
-61,891
| Closed | -$2.52M |
|
59
Popular Inc
BPOP
$11.2B
| – | – |
-90,913
| Closed | -$3.23M |
|
60
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
| – | – |
-70,000
| Closed | -$13.9M |
|
61
CALL
Blackstone
BX
$102B
| – | – |
-1,020,000
| Closed | -$32.7M |
|
62
Citizens Financial Group
CFG
$30.3B
| – | – |
-10,661
| Closed | -$448K |
|
|
DFS
63
CALL
DELISTED
Discover Financial Services
DFS
| – | – |
-45,000
| Closed | -$3.46M |
|
|
64
iShares MSCI Emerging Markets ETF
EEM
$28.8B
| – | – |
-352,000
| Closed | -$17.3M |
|
65
First Bancorp
FBP
$4.42B
| – | – |
-90,762
| Closed | -$463K |
|
66
FNB Corp
FNB
$6.73B
| – | – |
-171,910
| Closed | -$2.38M |
|
67
General Dynamics
GD
$104B
| – | – |
-4,300
| Closed | -$875K |
|
68
CALL
Goldman Sachs
GS
$300B
| – | – |
-2,500
| Closed | -$637K |
|
|
69
Goldman Sachs
GS
$300B
| – | – |
-22,475
| Closed | -$5.73M |
|
|
70
Huntington Bancshares
HBAN
$34.4B
| – | – |
-1,257,575
| Closed | -$18.3M |
|
71
JPMorgan Chase
JPM
$935B
| – | – |
-23,942
| Closed | -$2.56M |
|
|
72
KeyCorp
KEY
$24.2B
| – | – |
-565,069
| Closed | -$11.4M |
|
73
CALL
KKR & Co
KKR
$91.1B
| – | – |
-1,000,000
| Closed | -$21.1M |
|
74
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| – | – |
-135,321
| Closed | -$8.4M |
|
|
75
Lazard
LAZ
$4.13B
| – | – |
-288,777
| Closed | -$15.2M |
|
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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.