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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
-5.77%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$983M
AUM Growth
-$81.2M
Cap. Flow
-$46.2M
Cap. Flow %
-4.7%
Top 10 Hldgs %
55.46%
Holding
80
New
25
Increased
16
Reduced
7
Closed
31

Top Buys

Rank Stock Value
1
CMA
Comerica
CMA
+$36M
2
LNC icon
Lincoln National
LNC
+$32.9M
3
AMP icon
Ameriprise Financial
AMP
+$28.4M
4
PRU icon
Prudential Financial
PRU
+$28.3M
5
BX icon
Blackstone
BX
+$27.4M

Top Sells

Rank Stock Value
1
KKR icon
KKR & Co
KKR
+$36.6M
2
AIG icon
American International
AIG
+$32.2M
3
APO icon
Apollo Global Management
APO
+$21.4M
4
USB icon
US Bancorp
USB
+$19.7M
5
UNM icon
Unum
UNM
+$19.1M

Sector Composition

Rank Sector Weight
1 Financials 59.31%
2 Energy 0.23%
3 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APO icon
51
Apollo Global Management
APO
$72.4B
– –
-723,272
Closed -$21.4M
ARCC icon
52
Ares Capital
ARCC
$13.5B
– –
-323,000
Closed -$5.13M
BRX icon
53
Brixmor Property Group
BRX
$9.67B
– –
-526,474
Closed -$8.03M
CMA
54
PUT
DELISTED
Comerica
CMA
– –
-100,000
Closed -$9.59M
CPT icon
55
Camden Property Trust
CPT
$11B
– –
-42,800
Closed -$3.6M
ECPG icon
56
Encore Capital Group
ECPG
$2.02B
– –
-23,150
Closed -$1.05M
EEM icon
57
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-600,000
Closed -$29M
GL icon
58
PUT
Globe Life
GL
$14.2B
– –
-100,000
Closed -$8.42M
HYG icon
59
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-450,000
Closed -$38.5M
ITUB icon
60
PUT
Itaú Unibanco
ITUB
$93.2B
– –
-309,224
Closed -$2.34M
KIM icon
61
Kimco Realty
KIM
$17.2B
– –
-558,694
Closed -$8.04M
KKR icon
62
KKR & Co
KKR
$91.1B
– –
-1,804,910
Closed -$36.6M
KRE icon
63
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
– –
-150,000
Closed -$9.06M
MAA icon
64
Mid-America Apartment Communities
MAA
$15.4B
– –
-47,056
Closed -$4.29M
NVDA icon
65
PUT
NVIDIA
NVDA
$4.86T
– –
-20,000,000
Closed -$116M
OCFC icon
66
OceanFirst Financial
OCFC
$1.68B
– –
-91,500
Closed -$2.45M
OMF icon
67
OneMain Financial
OMF
$7.23B
– –
-56,925
Closed -$1.7M
PMT
68
PennyMac Mortgage Investment
PMT
$822M
– –
-227,000
Closed -$5.78M
QQQ icon
69
PUT
Invesco QQQ Trust
QQQ
$453B
– –
-635,000
Closed -$102M
RY icon
70
PUT
Royal Bank of Canada
RY
$291B
– –
-480,000
Closed -$37.1M
SPGI icon
71
PUT
S&P Global
SPGI
$121B
– –
-60,000
Closed -$11.5M
SPY icon
72
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$790B
– –
-60,000
Closed -$15.8M
STWD icon
73
Starwood Property Trust
STWD
$5.92B
– –
-209,326
Closed -$4.38M
TROW icon
74
PUT
T. Rowe Price
TROW
$23.9B
– –
-75,000
Closed -$8.1M
TSLA icon
75
PUT
Tesla
TSLA
$1.23T
– –
-225,000
Closed -$3.99M
1 2
3
4

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Algebris (UK)'s Q2 2018 Portfolio in Review

As of Q2 2018, Algebris (UK) held 80 positions worth $983M, down 7.6% from $1.06B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Algebris (UK) withdrew a net $46.2M in Q2 2018, closing 31 positions and reducing 7 holdings. Its most notable exit was KKR & Co, an estimated $36.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 59% of assets, up from 44% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Algebris (UK) opened a new position in Comerica worth $34.1M.

  • Algebris (UK)'s largest Q2 2018 buy was Comerica: 375,590 shares worth $34.1M.
  • Algebris (UK) added most to Lincoln National in Q2 2018, an estimated $32.9M increase.
  • Algebris (UK)'s biggest Q2 2018 reduction was Discover Financial Services, cutting an estimated $13.6M.
  • Algebris (UK) fully exited KKR & Co in Q2 2018, selling an estimated $36.6M.
  • Algebris (UK)'s ten largest holdings make up 55% of its $983M portfolio in Q2 2018.
  • Algebris (UK) opened 25 new positions and closed 31 in Q2 2018.
  • Algebris (UK)'s portfolio value fell 7.6% quarter-over-quarter to $983M.

Based on Algebris (UK)'s 13F filing for Q2 2018, filed 14 Aug 2018.