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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
+2.84%
1 Year Est. Return
-3.87%
3 Year Est. Return
+19.47%
5 Year Est. Return
-21.98%
10 Year Est. Return
–
AUM
$670M
AUM Growth
-$313M
Cap. Flow
-$396M
Cap. Flow %
-59.15%
Top 10 Hldgs %
55.19%
Holding
69
New
17
Increased
7
Reduced
18
Closed
23

Top Buys

Rank Stock Value
1
APO icon
Apollo Global Management
APO
+$32.8M
2
ETFC
E*Trade Financial Corporation
ETFC
+$20.4M
3
CFG icon
Citizens Financial Group
CFG
+$12.4M
4
EQH icon
Equitable Holdings
EQH
+$8.75M
5
SBNY
Signature Bank
SBNY
+$6.58M

Top Sells

Rank Stock Value
1
BX icon
Blackstone
BX
+$40.8M
2
AMP icon
Ameriprise Financial
AMP
+$28M
3
PFG icon
Principal Financial Group
PFG
+$24.6M
4
LNC icon
Lincoln National
LNC
+$22.7M
5
VOYA icon
Voya Financial
VOYA
+$22.5M

Sector Composition

Rank Sector Weight
1 Financials 62.56%
2 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRU icon
1
Prudential Financial
PRU
$42.4B
$56.9M 8.5%
561,481
-168,549
-23% -$16.6M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.71B
$53.7M 8.01%
41,566
-16,784
-29% -$21.4M
CMA
3
CALL
DELISTED
Comerica
CMA
$45.1M 6.74%
500,000
+36,500
+8% +$3.48M
BX icon
4
Blackstone
BX
$102B
$41.6M 6.21%
1,091,151
-1,128,886
-51% -$40.8M
APO icon
5
Apollo Global Management
APO
$72.4B
$32.5M 4.86%
+940,955
New +$32.8M
CG icon
6
Carlyle Group
CG
$16.6B
$26.3M 3.93%
1,166,618
+32,621
+3% +$767K
WFC icon
7
Wells Fargo
WFC
$261B
$26.2M 3.91%
498,383
-233,048
-32% -$13.3M
CMA
8
DELISTED
Comerica
CMA
$26.2M 3.91%
290,139
-85,451
-23% -$8.15M
C icon
9
Citigroup
C
$222B
$24.5M 3.66%
341,419
-28,690
-8% -$2.03M
LNC icon
10
Lincoln National
LNC
$8.72B
$23.9M 3.56%
352,749
-344,644
-49% -$22.7M
ETFC
11
CALL
DELISTED
E*Trade Financial Corporation
ETFC
$23.6M 3.52%
+450,000
New +$26.4M
IVZ icon
12
Invesco
IVZ
$13.1B
$23.1M 3.44%
1,007,944
+230,347
+30% +$5.76M
ATH
13
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$18.5M 2.77%
358,345
-87,411
-20% -$4.22M
ETFC
14
DELISTED
E*Trade Financial Corporation
ETFC
$18.2M 2.72%
+346,948
New +$20.4M
KRE icon
15
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
$17.8M 2.66%
300,000
+22,500
+8% +$1.4M
LM
16
DELISTED
Legg Mason, Inc.
LM
$16.3M 2.43%
520,899
+119,452
+30% +$3.86M
IVZ icon
17
CALL
Invesco
IVZ
$13.1B
$12.6M 1.88%
550,000
+87,000
+19% +$2.17M
CFG icon
18
Citizens Financial Group
CFG
$30.3B
$11.8M 1.77%
+306,654
New +$12.4M
EEM icon
19
CALL
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$11.8M 1.76%
+275,000
New +$11.9M
ISBC
20
DELISTED
Investors Bancorp, Inc.
ISBC
$9.65M 1.44%
786,243
-472,554
-38% -$6.01M
SBNY
21
DELISTED
Signature Bank
SBNY
$9.39M 1.4%
81,741
+55,841
+216% +$6.58M
JPM icon
22
PUT
JPMorgan Chase
JPM
$935B
$9.03M 1.35%
+80,000
New +$9.08M
HBAN icon
23
Huntington Bancshares
HBAN
$34.4B
$8.61M 1.29%
576,900
-771,828
-57% -$12.1M
EQH icon
24
Equitable Holdings
EQH
$13B
$8.56M 1.28%
+398,860
New +$8.75M
WFC icon
25
CALL
Wells Fargo
WFC
$261B
$7.88M 1.18%
150,000
-4,000
-3% -$228K
1
2 3

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Algebris (UK)'s Q3 2018 Portfolio in Review

As of Q3 2018, Algebris (UK) held 69 positions worth $670M, down 32% from $983M the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Algebris (UK) withdrew a net $396M in Q3 2018, closing 23 positions and reducing 18 holdings. Its most notable exit was Ameriprise Financial, an estimated $28M position sold in full.

By sector, the portfolio is most concentrated in Financials at 63% of assets, up from 59% a quarter earlier, followed by Energy.

Against the trend, Algebris (UK) opened a new position in Apollo Global Management worth $32.5M.

  • Algebris (UK)'s largest Q3 2018 buy was Apollo Global Management: 940,955 shares worth $32.5M.
  • Algebris (UK) added most to Signature Bank in Q3 2018, an estimated $6.58M increase.
  • Algebris (UK)'s biggest Q3 2018 reduction was Blackstone, cutting an estimated $40.8M.
  • Algebris (UK) fully exited Ameriprise Financial in Q3 2018, selling an estimated $28M.
  • Algebris (UK)'s ten largest holdings make up 55% of its $670M portfolio in Q3 2018.
  • Algebris (UK) opened 17 new positions and closed 23 in Q3 2018.
  • Algebris (UK)'s portfolio value fell 32% quarter-over-quarter to $670M.

Based on Algebris (UK)'s 13F filing for Q3 2018, filed 14 Nov 2018.