We are live on
!
Find out more
AU
Algebris (UK) Portfolio holdings
AUM
$1.38B
1-Year Est. Return
3.87%
This Fund
S&P 500
This Quarter
Est. Return
+7.96%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$342M
AUM Growth
-$154M
(-31%)
Cap. Flow
-$185M
Cap. Flow
% of AUM
-54.06%
Top 10 Holdings %
Top 10 Hldgs %
58.77%
Holding
64
New
17
Increased
7
Reduced
16
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Annaly Capital Management
NLY
|
+$8.87M |
| 2 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$6.78M |
| 3 |
AGNC Investment
AGNC
|
+$5.46M |
| 4 |
SNV
Synovus
SNV
|
+$5.05M |
| 5 |
Deutsche Bank
DB
|
+$3.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Blackstone
BX
|
+$23.8M |
| 2 |
Prudential Financial
PRU
|
+$14.1M |
| 3 |
KeyCorp
KEY
|
+$13.6M |
| 4 |
Lincoln National
LNC
|
+$10.4M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$9.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 69.09% |
| 2 | Real Estate | 4.96% |
| 3 | Consumer Discretionary | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Morgan Stanley
MS
$331B
| – | – |
-24,200
| Closed | -$1.02M |
|
52
M&T Bank
MTB
$35.7B
| – | – |
-5,200
| Closed | -$817K |
|
|
53
CALL
Prudential Financial
PRU
$42.4B
| – | – |
-70,000
| Closed | -$6.43M |
|
54
Regions Financial
RF
$26.4B
| – | – |
-228,273
| Closed | -$3.23M |
|
55
PUT
S&P Global
SPGI
$121B
| – | – |
-50,000
| Closed | -$10.5M |
|
56
PUT
Tesla
TSLA
$1.23T
| – | – |
-2,625,000
| Closed | -$49M |
|
57
Victory Capital Holdings
VCTR
$6.19B
| – | – |
-278,085
| Closed | -$4.18M |
|
|
FLG
58
CALL
Flagstar Bank National Association
FLG
$5.93B
| – | – |
-100,000
| Closed | -$3.47M |
|
|
PACW
59
DELISTED
PacWest Bancorp
PACW
| – | – |
-15,234
| Closed | -$573K |
|
|
SCU
60
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| – | – |
-101,818
| Closed | -$1.67M |
|
|
LM
61
DELISTED
Legg Mason, Inc.
LM
| – | – |
-350,492
| Closed | -$9.59M |
|
|
IBKC
62
DELISTED
IBERIABANK Corp
IBKC
| – | – |
-12,605
| Closed | -$904K |
|
|
STL
63
DELISTED
Sterling Bancorp
STL
| – | – |
-234,480
| Closed | -$4.37M |
|
Similar funds
RIM
OCAM
AO
FFM
JHU
NCGI
NIP
RAM
Algebris (UK)'s Q2 2019 Portfolio in Review
As of Q2 2019, Algebris (UK) held 64 positions worth $342M, down 31% from $496M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Algebris (UK) withdrew a net $185M in Q2 2019, closing 22 positions and reducing 16 holdings. Its most notable exit was Blackstone, an estimated $23.8M position sold in full.
By sector, the portfolio is most concentrated in Financials at 69% of assets, up from 66% a quarter earlier, followed by Real Estate and Consumer Discretionary.
Against the trend, Algebris (UK) opened a new position in Annaly Capital Management worth $8.5M.
- Algebris (UK)'s largest Q2 2019 buy was Annaly Capital Management: 232,770 shares worth $8.5M.
- Algebris (UK) added most to Athene Holding Ltd. Class A Common Shares in Q2 2019, an estimated $6.78M increase.
- Algebris (UK)'s biggest Q2 2019 reduction was Prudential Financial, cutting an estimated $14.1M.
- Algebris (UK) fully exited Blackstone in Q2 2019, selling an estimated $23.8M.
- Algebris (UK)'s ten largest holdings make up 59% of its $342M portfolio in Q2 2019.
- Algebris (UK) opened 17 new positions and closed 22 in Q2 2019.
- Algebris (UK)'s portfolio value fell 31% quarter-over-quarter to $342M.
Based on Algebris (UK)'s 13F filing for Q2 2019, filed 14 Aug 2019.