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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
ALLY icon
51
Ally Financial
ALLY
$13.2B
– –
-121,893
Closed -$3.22M
AMG icon
52
Affiliated Managers Group
AMG
$9.69B
– –
-17,800
Closed -$2.43M
ARES icon
53
Ares Management
ARES
$28.9B
– –
-157,708
Closed -$3.66M
BBD icon
54
Banco Bradesco
BBD
$38.2B
– –
-212,028
Closed -$940K
BHF icon
55
Brighthouse Financial
BHF
$3.56B
– –
-86,462
Closed -$3.83M
BKU icon
56
Bankunited
BKU
$3.37B
– –
-35,350
Closed -$1.25M
BMO icon
57
PUT
Bank of Montreal
BMO
$126B
– –
-80,000
Closed -$6.6M
EEM icon
58
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.8B
– –
-275,000
Closed -$11.8M
IBN icon
59
ICICI Bank
IBN
$108B
– –
-898,660
Closed -$7.63M
IVZ icon
60
CALL
Invesco
IVZ
$13.1B
– –
-550,000
Closed -$12.6M
IYR icon
61
PUT
iShares US Real Estate ETF
IYR
$4.66B
– –
-75,000
Closed -$6M
JPM icon
62
PUT
JPMorgan Chase
JPM
$935B
– –
-80,000
Closed -$9.03M
KRE icon
63
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
– –
-300,000
Closed -$17.8M
WFC icon
64
CALL
Wells Fargo
WFC
$261B
– –
-150,000
Closed -$7.88M
WFC.PRL icon
65
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.71B
– –
-41,566
Closed -$53.7M
AEL
66
PUT
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-75,000
Closed -$2.65M
ISBC
67
DELISTED
Investors Bancorp, Inc.
ISBC
– –
-786,243
Closed -$9.65M
ETFC
68
CALL
DELISTED
E*Trade Financial Corporation
ETFC
– –
-450,000
Closed -$23.6M
SBNY
69
DELISTED
Signature Bank
SBNY
– –
-81,741
Closed -$9.39M
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.