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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
+6.35%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$598M
AUM Growth
-$135M
Cap. Flow
-$189M
Cap. Flow %
-31.6%
Top 10 Hldgs %
55.83%
Holding
75
New
20
Increased
8
Reduced
25
Closed
19

Top Buys

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$16.3M
2
CG icon
Carlyle Group
CG
+$15.2M
3
LAZ icon
Lazard
LAZ
+$13.8M
4
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$13.8M
5
AIG icon
American International
AIG
+$13.5M

Top Sells

Rank Stock Value
1
CFG icon
Citizens Financial Group
CFG
+$22.7M
2
SCHW
Charles Schwab
SCHW
+$14.9M
3
VOYA icon
Voya Financial
VOYA
+$12.9M
4
ETFC
E*Trade Financial Corporation
ETFC
+$11.7M
5
DFS
Discover Financial Services
DFS
+$11.3M

Sector Composition

Rank Sector Weight
1 Financials 59.23%
2 Industrials 1.06%
3 Real Estate 0.88%
4 Consumer Discretionary 0%
5 Consumer Staples 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$454B
$54.5M 9.11%
350,000
+50,000
+17% +$7.63M
WFC icon
2
Wells Fargo
WFC
$262B
$41.6M 6.95%
685,260
+102,700
+18% +$5.8M
BAC icon
3
Bank of America
BAC
$436B
$33.7M 5.63%
1,140,812
-308,870
-21% -$8.51M
WFC.PRL icon
4
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.7B
$33.7M 5.63%
25,700
+10,400
+68% +$13.8M
BX icon
5
Blackstone
BX
$103B
$33.1M 5.54%
1,034,122
+156,695
+18% +$5.1M
BX icon
6
CALL
Blackstone
BX
$103B
$32.7M 5.46%
+1,020,000
New +$33.2M
KKR icon
7
KKR & Co
KKR
$91.1B
$27.5M 4.61%
1,308,063
+390,582
+43% +$7.85M
DFS
8
DELISTED
Discover Financial Services
DFS
$23.6M 3.94%
306,486
-164,450
-35% -$11.3M
VOYA icon
9
Voya Financial
VOYA
$9.02B
$23.5M 3.94%
475,854
-300,400
-39% -$12.9M
KKR icon
10
CALL
KKR & Co
KKR
$91.1B
$21.1M 3.52%
+1,000,000
New +$20.1M
HBAN icon
11
Huntington Bancshares
HBAN
$34.5B
$18.3M 3.06%
1,257,575
-382,700
-23% -$5.38M
EEM icon
12
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$16.6M 2.77%
+352,000
New +$16.3M
CG icon
13
Carlyle Group
CG
$16.6B
$15.5M 2.6%
+679,000
New +$15.2M
LAZ icon
14
Lazard
LAZ
$4.14B
$15.2M 2.53%
+288,777
New +$13.8M
BRK.B icon
15
PUT
Berkshire Hathaway Class B
BRK.B
$1.1T
$13.9M 2.32%
70,000
-10,000
-13% -$1.9M
AIG icon
16
American International
AIG
$41.7B
$13.1M 2.19%
+219,535
New +$13.5M
KEY icon
17
KeyCorp
KEY
$24.3B
$11.4M 1.91%
565,069
-503,200
-47% -$9.49M
AXP icon
18
PUT
American Express
AXP
$228B
$9.93M 1.66%
100,000
-80,000
-44% -$7.62M
COF icon
19
Capital One
COF
$128B
$9.93M 1.66%
99,714
-73,149
-42% -$6.68M
APO icon
20
Apollo Global Management
APO
$72.2B
$8.34M 1.39%
+249,111
New +$7.81M
KRE icon
21
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
$7.96M 1.33%
135,321
+2,194
+2% +$126K
IBN icon
22
ICICI Bank
IBN
$108B
$6.56M 1.1%
+674,398
New +$6.21M
MET icon
23
MetLife
MET
$61.9B
$6.54M 1.09%
129,440
-118,050
-48% -$6.22M
OMF icon
24
OneMain Financial
OMF
$7.26B
$6.22M 1.04%
+239,500
New +$6.62M
C icon
25
Citigroup
C
$223B
$6.16M 1.03%
82,775
-55,100
-40% -$4.07M
1
2 3

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OCAM
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AO
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FFM
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JHU
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NCGI
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Algebris (UK)'s Q4 2017 Portfolio in Review

As of Q4 2017, Algebris (UK) held 75 positions worth $598M, down 18% from $733M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Algebris (UK) withdrew a net $189M in Q4 2017, closing 19 positions and reducing 25 holdings. Its most notable exit was Charles Schwab, an estimated $14.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 59% of assets, up from 51% a quarter earlier, followed by Industrials and Real Estate.

Against the trend, Algebris (UK) opened a new position in iShares MSCI Emerging Markets ETF worth $16.6M.

  • Algebris (UK)'s largest Q4 2017 buy was iShares MSCI Emerging Markets ETF: 352,000 shares worth $16.6M.
  • Algebris (UK) added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q4 2017, an estimated $13.8M increase.
  • Algebris (UK)'s biggest Q4 2017 reduction was Citizens Financial Group, cutting an estimated $22.7M.
  • Algebris (UK) fully exited Charles Schwab in Q4 2017, selling an estimated $14.9M.
  • Algebris (UK)'s ten largest holdings make up 56% of its $598M portfolio in Q4 2017.
  • Algebris (UK) opened 20 new positions and closed 19 in Q4 2017.
  • Algebris (UK)'s portfolio value fell 18% quarter-over-quarter to $598M.

Based on Algebris (UK)'s 13F filing for Q4 2017, filed 13 Feb 2018.