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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
EEM icon
1
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$116M 11.8%
1,911,000
+1,586,000
+488% +$73.4M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.7B
$73.5M 7.47%
58,350
-7,274
-11% -$9.25M
BX icon
3
Blackstone
BX
$103B
$71.4M 7.27%
2,220,037
+860,065
+63% +$27.4M
PRU icon
4
Prudential Financial
PRU
$42.6B
$68.3M 6.95%
730,030
+280,313
+62% +$28.3M
LNC icon
5
Lincoln National
LNC
$8.69B
$43.4M 4.42%
697,393
+480,156
+221% +$32.9M
WFC icon
6
Wells Fargo
WFC
$262B
$40.6M 4.13%
731,431
+121,221
+20% +$6.49M
IWM icon
7
PUT
iShares Russell 2000 ETF
IWM
$79.9B
– –
0
– –
CMA
8
DELISTED
Comerica
CMA
$34.1M 3.47%
+375,590
New +$36M
EWZ icon
9
PUT
iShares MSCI Brazil ETF
EWZ
$9.28B
$31.2M 3.18%
+975,000
New +$37.6M
AMP icon
10
Ameriprise Financial
AMP
$48.5B
$28M 2.85%
+200,150
New +$28.4M
CMA
11
CALL
DELISTED
Comerica
CMA
$27.8M 2.83%
+463,500
New +$44.4M
C icon
12
Citigroup
C
$223B
$24.8M 2.52%
370,109
+35,875
+11% +$2.47M
PFG icon
13
Principal Financial Group
PFG
$24.3B
$24.6M 2.5%
464,158
+154,158
+50% +$8.96M
CG icon
14
Carlyle Group
CG
$16.6B
$24.2M 2.46%
1,133,997
+498,397
+78% +$10.7M
VOYA icon
15
Voya Financial
VOYA
$9.03B
$22.5M 2.29%
479,040
+37,121
+8% +$1.92M
IVZ icon
16
Invesco
IVZ
$13.1B
$20.7M 2.1%
+777,597
New +$22.4M
HBAN icon
17
Huntington Bancshares
HBAN
$34.5B
$19.9M 2.03%
+1,348,728
New +$20.3M
ATH
18
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$19.5M 1.99%
445,756
+230,856
+107% +$10.8M
ISBC
19
DELISTED
Investors Bancorp, Inc.
ISBC
$16.1M 1.64%
1,258,797
+89,724
+8% +$1.21M
PRU icon
20
CALL
Prudential Financial
PRU
$42.6B
$14.4M 1.47%
231,300
+143,300
+163% +$14.5M
IBN icon
21
ICICI Bank
IBN
$108B
$14.4M 1.47%
1,793,659
+630,861
+54% +$5.41M
LM
22
DELISTED
Legg Mason, Inc.
LM
$13.9M 1.42%
+401,447
New +$15.2M
VOYA icon
23
CALL
Voya Financial
VOYA
$9.03B
$13.5M 1.38%
+435,100
New +$22.5M
MTG icon
24
MGIC Investment
MTG
$6.17B
$12.5M 1.27%
+1,167,247
New +$12.7M
KRE icon
25
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
$12.5M 1.27%
+277,500
New +$17.4M
1
2 3 4

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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.