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Algebris (UK) Portfolio holdings

AUM $1.52B
1-Year Est. Return 3.09%
This Fund
S&P 500
This Quarter Est. Return
+2.84%
1 Year Est. Return
-3.09%
3 Year Est. Return
+24.5%
5 Year Est. Return
-15.74%
10 Year Est. Return
–
AUM
$670M
AUM Growth
-$313M
Cap. Flow
-$207M
Cap. Flow %
-30.88%
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 63.38%
2 Miscellaneous 36.62%
3 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EWZ icon
51
PUT
iShares MSCI Brazil ETF
EWZ
$8.59B
– –
-975,000
Closed -$31.2M
FBP icon
52
First Bancorp
FBP
$4.23B
– –
-826,316
Closed -$6.32M
FITB
53
Fifth Third Bancorp
FITB
$48.1B
– –
-315,035
Closed -$9.04M
GS icon
54
CALL
Goldman Sachs
GS
$277B
– –
-27,000
Closed -$4.04M
IWM icon
55
PUT
iShares Russell 2000 ETF
IWM
$77.3B
– –
0
– -$38.6M
MET icon
56
MetLife
MET
$62.1B
– –
-204,385
Closed -$8.91M
MTG icon
57
MGIC Investment
MTG
$6.12B
– –
-1,167,247
Closed -$12.5M
PFG icon
58
Principal Financial Group
PFG
$25.2B
– –
-464,158
Closed -$24.6M
PRU icon
59
CALL
Prudential Financial
PRU
$40.9B
– –
-231,300
Closed -$14.4M
VOYA icon
60
CALL
Voya Financial
VOYA
$9.03B
– –
-435,100
Closed -$13.5M
VOYA icon
61
Voya Financial
VOYA
$9.03B
– –
-479,040
Closed -$22.5M
YPF icon
62
YPF Sociedad Anonima ADS
YPF
$21.4B
– –
-163,000
Closed -$2.21M
XYZ
63
PUT
Block Inc
XYZ
$46.2B
– –
-46,000
Closed -$6.25M
ATH
64
CALL
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
– –
-155,000
Closed -$4.63M
ETFC
65
PUT
DELISTED
E*Trade Financial Corporation
ETFC
– –
-100,000
Closed -$6.12M
IBKC
66
DELISTED
IBERIABANK Corp
IBKC
– –
-43,800
Closed -$3.32M
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 $207M 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 60% a quarter earlier, followed by Miscellaneous and 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.