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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
-5.51%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
+$466M
(+78%)
Cap. Flow
+$538M
Cap. Flow
% of AUM
50.58%
Top 10 Holdings %
Top 10 Hldgs %
53.89%
Holding
85
New
31
Increased
18
Reduced
4
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$51.2M |
| 2 |
Prudential Financial
PRU
|
+$50.7M |
| 3 |
American International
AIG
|
+$22M |
| 4 |
Unum
UNM
|
+$21M |
| 5 |
US Bancorp
USB
|
+$20.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$33.7M |
| 2 |
Huntington Bancshares
HBAN
|
+$18.3M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$17.3M |
| 4 |
Lazard
LAZ
|
+$15.2M |
| 5 |
KeyCorp
KEY
|
+$11.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.95% |
| 2 | Real Estate | 3.21% |
| 3 | Industrials | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
NVIDIA
NVDA
$4.88T
| $116M | 10.88% |
+20,000,000
| New | +$117M |
|
2
PUT
Invesco QQQ Trust
QQQ
$455B
| $102M | 9.56% |
635,000
+285,000
| +81% | +$47.1M |
|
|
3
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.7B
| $84.7M | 7.96% |
65,624
+39,924
| +155% | +$51.2M |
|
|
4
Prudential Financial
PRU
$42.6B
| $46.6M | 4.38% |
+449,717
| New | +$50.7M |
|
5
Blackstone
BX
$103B
| $43.5M | 4.08% |
1,359,972
+325,850
| +32% | +$11.1M |
|
6
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
| $38.5M | 3.62% |
+450,000
| New | +$38.9M |
|
7
PUT
Royal Bank of Canada
RY
$292B
| $37.1M | 3.49% |
480,000
+440,000
| +1,100% | +$35.7M |
|
8
KKR & Co
KKR
$91.1B
| $36.6M | 3.44% |
1,804,910
+496,847
| +38% | +$11M |
|
|
9
American International
AIG
$41.7B
| $32.2M | 3.02% |
591,272
+371,737
| +169% | +$22M |
|
|
10
Wells Fargo
WFC
$262B
| $32M | 3.01% |
610,210
-75,050
| -11% | -$4.46M |
|
|
11
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.9B
| $29M | 2.72% |
+600,000
| New | +$29.4M |
|
|
DFS
12
DELISTED
Discover Financial Services
DFS
| $23.4M | 2.2% |
325,765
+19,279
| +6% | +$1.49M |
|
13
Citigroup
C
$224B
| $22.6M | 2.12% |
334,234
+251,459
| +304% | +$18.9M |
|
14
Voya Financial
VOYA
$9.04B
| $22.3M | 2.1% |
441,919
-33,935
| -7% | -$1.75M |
|
15
Apollo Global Management
APO
$72.2B
| $21.4M | 2.01% |
723,272
+474,161
| +190% | +$15.9M |
|
16
Capital One
COF
$128B
| $21M | 1.97% |
218,975
+119,261
| +120% | +$11.9M |
|
|
17
US Bancorp
USB
$98.2B
| $19.7M | 1.86% |
390,912
+375,056
| +2,365% | +$20.5M |
|
|
18
Unum
UNM
$13.6B
| $19.1M | 1.8% |
+401,161
| New | +$21M |
|
19
Principal Financial Group
PFG
$24.4B
| $18.9M | 1.77% |
+310,000
| New | +$20.4M |
|
|
ISBC
20
DELISTED
Investors Bancorp, Inc.
ISBC
| $15.9M | 1.5% |
+1,169,073
| New | +$16.2M |
|
21
Lincoln National
LNC
$8.69B
| $15.9M | 1.49% |
+217,237
| New | +$17M |
|
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$791B
| $15.8M | 1.48% |
+60,000
| New | +$16.4M |
|
|
23
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.9B
| $15.7M | 1.47% |
+325,000
| New | +$15.9M |
|
24
Carlyle Group
CG
$16.6B
| $13.6M | 1.28% |
635,600
-43,400
| -6% | -$1.02M |
|
25
MetLife
MET
$61.9B
| $12.5M | 1.17% |
272,090
+142,650
| +110% | +$6.92M |
|
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Algebris (UK)'s Q1 2018 Portfolio in Review
As of Q1 2018, Algebris (UK) held 85 positions worth $1.06B, up 78% from $598M the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Algebris (UK) deployed $538M of net new capital in Q1 2018, opening 31 new positions and adding to 18 existing holdings. Its largest new stake was Prudential Financial: 449,717 shares worth $46.6M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 59% a quarter earlier, followed by Real Estate and Industrials.
On the sell side, the largest reduction was OneMain Financial, an estimated $5.8M trimmed.
- Algebris (UK)'s largest Q1 2018 buy was Prudential Financial: 449,717 shares worth $46.6M.
- Algebris (UK) added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q1 2018, an estimated $51.2M increase.
- Algebris (UK)'s biggest Q1 2018 reduction was OneMain Financial, cutting an estimated $5.8M.
- Algebris (UK) fully exited Bank of America in Q1 2018, selling an estimated $33.7M.
- Algebris (UK)'s ten largest holdings make up 54% of its $1.06B portfolio in Q1 2018.
- Algebris (UK) opened 31 new positions and closed 31 in Q1 2018.
- Algebris (UK)'s portfolio value rose 78% quarter-over-quarter to $1.06B.
Based on Algebris (UK)'s 13F filing for Q1 2018, filed 2 May 2018.