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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
-5.77%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$983M
AUM Growth
-$81.2M
Cap. Flow
-$46.2M
Cap. Flow %
-4.7%
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
LNC icon
Lincoln National
LNC
+$32.9M
3
AMP icon
Ameriprise Financial
AMP
+$28.4M
4
PRU icon
Prudential Financial
PRU
+$28.3M
5
BX icon
Blackstone
BX
+$27.4M

Top Sells

Rank Stock Value
1
KKR icon
KKR & Co
KKR
+$36.6M
2
AIG icon
American International
AIG
+$32.2M
3
APO icon
Apollo Global Management
APO
+$21.4M
4
USB icon
US Bancorp
USB
+$19.7M
5
UNM icon
Unum
UNM
+$19.1M

Sector Composition

Rank Sector Weight
1 Financials 59.31%
2 Energy 0.23%
3 Real Estate 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNM icon
76
Unum
UNM
$13.6B
– –
-401,161
Closed -$19.1M
USB icon
77
US Bancorp
USB
$98.2B
– –
-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
1 2 3
4

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AO
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FFM
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NCGI
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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) withdrew a net $46.2M in Q2 2018, closing 31 positions and reducing 7 holdings. Its most notable exit was KKR & Co, an estimated $36.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 59% of assets, up from 44% a quarter earlier, followed by Energy and Real Estate.

Against the trend, Algebris (UK) opened a new position in Comerica worth $34.1M.

  • 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.