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WAM
Warlander Asset Management Portfolio holdings
AUM
$111M
1-Year Est. Return
8.26%
This Fund
S&P 500
This Quarter
Est. Return
-8.51%
1 Year Est. Return
+8.26%
3 Year Est. Return
+0.72%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$748M
AUM Growth
-$353M
(-32%)
Cap. Flow
+$45.1M
Cap. Flow
% of AUM
6.03%
Top 10 Holdings %
Top 10 Hldgs %
90.9%
Holding
31
New
5
Increased
5
Reduced
7
Closed
7
Avg Time Held Equity + Options
1.7
quarters
Top 10 Avg Time Held Equity + Options
0.8
quarters
Top 20 Avg Time Held Equity + Options
1.5
quarters
Avg Time Held Equity only
1.9
quarters
Top 10 Avg Time Held Equity only
1.6
quarters
Top 20 Avg Time Held Equity only
1.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tenet Healthcare
THC
|
+$48.2M |
| 2 |
NRG Energy
NRG
|
+$9.16M |
| 3 |
CY
Cypress Semiconductor
CY
|
+$6.16M |
| 4 |
Citigroup
C
|
+$6.14M |
| 5 |
Alcoa
AA
|
+$4.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$24.2M |
| 2 |
Clearway Energy Class C
CWEN
|
+$2.85M |
| 3 |
CMB.TECH NV
CMBT
|
+$1.98M |
| 4 |
NETI
Eneti Inc.
NETI
|
+$700K |
| 5 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$527K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 62.86% |
| 2 | Financials | 12.62% |
| 3 | Communication Services | 6.69% |
| 4 | Healthcare | 6.24% |
| 5 | Utilities | 3.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$833B
| $377M | 50.38% |
1,500,000
+540,000
| +56% | +$133M |
2017 Q2
1 quarter
|
|
|
UPL
2
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $87.9M | 11.75% |
10,135,374
-57,700
| -0.6% | -$527K |
2017 Q2
1 quarter
|
|
3
Globalstar
GSAT
$10.9B
| $47.3M | 6.33% |
1,936,435
+9,622
| +0.5% | +$278K |
2016 Q4
3 quarters
|
|
|
4
Tenet Healthcare
THC
$21.2B
| $46.7M | 6.24% |
+2,841,197
| New | +$48.2M |
2017 Q3
0 quarters
|
|
|
ESRX
5
CALL
DELISTED
Express Scripts Holding Company
ESRX
| $44.3M | 5.93% |
700,000
-219,100
| -24% | -$13.6M |
2017 Q2
1 quarter
|
|
|
6
CALL
Tenet Healthcare
THC
$21.2B
| $27M | 3.61% |
+1,645,000
| New | +$27.9M |
2017 Q3
0 quarters
|
|
7
Scorpio Tankers
STNG
$4.26B
| $13.2M | 1.77% |
386,180
| – | – |
2017 Q1
2 quarters
|
|
|
8
NRG Energy
NRG
$22.7B
| $12.5M | 1.67% |
487,500
+387,500
| +388% | +$9.16M |
2017 Q1
2 quarters
|
|
9
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $12.1M | 1.62% |
+82,000
| New | +$11.8M |
2017 Q3
0 quarters
|
|
10
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $12M | 1.6% |
607,946
+75,000
| +14% | +$1.56M |
2016 Q4
3 quarters
|
|
|
CY
11
DELISTED
Cypress Semiconductor
CY
| $10.4M | 1.39% |
690,000
+440,000
| +176% | +$6.16M |
2017 Q2
1 quarter
|
|
|
12
CALL
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $9.85M | 1.32% |
500,000
-920,000
| -65% | -$19.1M |
2017 Q2
1 quarter
|
|
|
NETI
13
DELISTED
Eneti Inc.
NETI
| $7.74M | 1.04% |
118,177
-10,093
| -8% | -$700K |
2016 Q4
3 quarters
|
|
|
14
Citigroup
C
$217B
| $6.55M | 0.88% |
+90,000
| New | +$6.14M |
2017 Q3
0 quarters
|
|
|
15
Micron Technology
MU
$1.16T
| $5.31M | 0.71% |
135,000
-765,000
| -85% | -$24.2M |
2016 Q4
3 quarters
|
|
16
Safe Bulkers
SB
$971M
| $5.27M | 0.7% |
1,923,800
-176,200
| -8% | -$502K |
2016 Q4
3 quarters
|
|
|
17
Alcoa
AA
$11.1B
| $5.13M | 0.69% |
+110,000
| New | +$4.4M |
2017 Q3
0 quarters
|
|
|
NM
18
DELISTED
Navios Maritime Holdings Inc.
NM
| $4.92M | 0.66% |
294,568
| – | – |
2016 Q4
3 quarters
|
|
|
19
Clearway Energy Class C
CWEN
$3.66B
| $3.86M | 0.52% |
200,000
-154,105
| -44% | -$2.85M |
2017 Q1
2 quarters
|
|
20
Navios Maritime Partners
NMM
$2.69B
| $3.05M | 0.41% |
99,110
| – | – |
2017 Q1
2 quarters
|
|
|
DISH
21
DELISTED
DISH Network Corp.
DISH
| $2.73M | 0.36% |
50,300
| – | – |
2017 Q2
1 quarter
|
|
|
JONE
22
DELISTED
Jones Energy, Inc.
JONE
| $1.88M | 0.25% |
49,052
| – | – |
2016 Q4
3 quarters
|
|
23
DELISTED
Golden Ocean Group
GOGL
| $726K | 0.1% |
92,600
| – | – |
2017 Q1
2 quarters
|
|
|
NNA
24
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $671K | 0.09% |
36,644
| – | – |
2016 Q4
3 quarters
|
|
25
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.3B
| – | – |
-2,700,000
| Closed | -$239M | – |
|
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Warlander Asset Management's Q3 2017 Portfolio in Review
As of Q3 2017, Warlander Asset Management held 31 positions worth $748M, down 32% from $1.1B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Warlander Asset Management deployed $45.1M of net new capital in Q3 2017, opening 5 new positions and adding to 5 existing holdings. Its largest new stake was Tenet Healthcare: 2,841,197 shares worth $46.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 63% of assets, down from 76% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Micron Technology, an estimated $24.2M trimmed.
- Warlander Asset Management's largest Q3 2017 buy was Tenet Healthcare: 2,841,197 shares worth $46.7M.
- Warlander Asset Management added most to NRG Energy in Q3 2017, an estimated $9.16M increase.
- Warlander Asset Management's biggest Q3 2017 reduction was Micron Technology, cutting an estimated $24.2M.
- Warlander Asset Management fully exited CMB.TECH NV in Q3 2017, selling an estimated $1.98M.
- Warlander Asset Management's ten largest holdings make up 91% of its $748M portfolio in Q3 2017.
- Warlander Asset Management opened 5 new positions and closed 7 in Q3 2017.
- Warlander Asset Management's portfolio value fell 32% quarter-over-quarter to $748M.
Based on Warlander Asset Management's 13F filing for Q3 2017, filed 13 Nov 2017.