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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
+11.87%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$496M
AUM Growth
-$93.3M
Cap. Flow
-$147M
Cap. Flow %
-29.7%
Top 10 Hldgs %
51.46%
Holding
66
New
14
Increased
7
Reduced
25
Closed
18

Top Buys

Rank Stock Value
1
CFG icon
Citizens Financial Group
CFG
+$15.1M
2
KEY icon
KeyCorp
KEY
+$13.2M
3
FITB
Fifth Third Bancorp
FITB
+$11.7M
4
BKU icon
Bankunited
BKU
+$6.36M
5
ABCB icon
Ameris Bancorp
ABCB
+$3.93M

Top Sells

Rank Stock Value
1
PRU icon
Prudential Financial
PRU
+$29.4M
2
C icon
Citigroup
C
+$26.1M
3
WFC icon
Wells Fargo
WFC
+$20M
4
IVZ icon
Invesco
IVZ
+$15.7M
5
BX icon
Blackstone
BX
+$15.1M

Sector Composition

Rank Sector Weight
1 Financials 66.26%
2 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVZ icon
51
Invesco
IVZ
$13.1B
– –
-937,123
Closed -$15.7M
KEY icon
52
CALL
KeyCorp
KEY
$24.2B
– –
-200,000
Closed -$2.96M
KRE icon
53
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
– –
-137,796
Closed -$6.45M
LNC icon
54
CALL
Lincoln National
LNC
$8.72B
– –
-90,000
Closed -$4.62M
MTB icon
55
CALL
M&T Bank
MTB
$35.7B
– –
-50,000
Closed -$7.16M
PMT
56
PennyMac Mortgage Investment
PMT
$822M
– –
-227,000
Closed -$5.4M
STT icon
57
State Street
STT
$50.6B
– –
-16,300
Closed -$1.03M
SYF icon
58
Synchrony
SYF
$24.7B
– –
-195,700
Closed -$4.59M
TCBI icon
59
Texas Capital Bancshares
TCBI
$4.3B
– –
-20,000
Closed -$1.02M
TWO
60
Two Harbors Investment
TWO
$1.27B
– –
-95,411
Closed -$9.98M
AAMI
61
Acadian Asset Management
AAMI
$3.08B
– –
-815,772
Closed -$8.71M
ATH
62
CALL
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
– –
-400,000
Closed -$15.9M
ETFC
63
DELISTED
E*Trade Financial Corporation
ETFC
– –
-130,397
Closed -$5.72M
SIVB
64
DELISTED
SVB Financial Group
SIVB
– –
-4,700
Closed -$893K
1 2
3

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Algebris (UK)'s Q1 2019 Portfolio in Review

As of Q1 2019, Algebris (UK) held 66 positions worth $496M, down 16% from $590M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Algebris (UK) withdrew a net $147M in Q1 2019, closing 18 positions and reducing 25 holdings. Its most notable exit was Invesco, an estimated $15.7M position sold in full.

By sector, the portfolio is most concentrated in Financials at 66% of assets, down from 72% a quarter earlier, followed by Real Estate.

Against the trend, Algebris (UK) opened a new position in Fifth Third Bancorp worth $11.1M.

  • Algebris (UK)'s largest Q1 2019 buy was Fifth Third Bancorp: 439,526 shares worth $11.1M.
  • Algebris (UK) added most to Citizens Financial Group in Q1 2019, an estimated $15.1M increase.
  • Algebris (UK)'s biggest Q1 2019 reduction was Prudential Financial, cutting an estimated $29.4M.
  • Algebris (UK) fully exited Invesco in Q1 2019, selling an estimated $15.7M.
  • Algebris (UK)'s ten largest holdings make up 51% of its $496M portfolio in Q1 2019.
  • Algebris (UK) opened 14 new positions and closed 18 in Q1 2019.
  • Algebris (UK)'s portfolio value fell 16% quarter-over-quarter to $496M.

Based on Algebris (UK)'s 13F filing for Q1 2019, filed 16 May 2019.