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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
-5.77%
1 Year Est. Return
-3.09%
3 Year Est. Return
+24.5%
5 Year Est. Return
-15.74%
10 Year Est. Return
–
AUM
$983M
AUM Growth
-$81.2M
(-7.6%)
Cap. Flow
+$64.8M
Cap. Flow
% of AUM
6.59%
Top 10 Holdings %
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 |
Lincoln National
LNC
|
+$32.9M |
| 3 |
Ameriprise Financial
AMP
|
+$28.4M |
| 4 |
Prudential Financial
PRU
|
+$28.3M |
| 5 |
Blackstone
BX
|
+$27.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$36.6M |
| 2 |
American International
AIG
|
+$32.2M |
| 3 |
Apollo Global Management
APO
|
+$21.4M |
| 4 |
US Bancorp
USB
|
+$19.7M |
| 5 |
Unum
UNM
|
+$19.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 60.04% |
| 2 | Miscellaneous | 39.73% |
| 3 | Energy | 0.23% |
| 4 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
76
Unum
UNM
$15B
| – | – |
-401,161
| Closed | -$19.1M |
|
|
77
US Bancorp
USB
$93.1B
| – | – |
-390,912
| Closed | -$19.7M |
|
|
AEL
78
DELISTED
American Equity Investment Life Holding Company
AEL
| – | – |
-107,209
| Closed | -$3.15M |
|
|
FMBI
79
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| – | – |
-115,700
| Closed | -$2.85M |
|
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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) deployed $64.8M of net new capital in Q2 2018, opening 25 new positions and adding to 16 existing holdings. Its largest new stake was Comerica: 375,590 shares worth $34.1M.
By sector, the portfolio is most concentrated in Financials at 60% of assets, up from 45% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was Discover Financial Services, an estimated $13.6M trimmed.
- 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.