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WCP

Waterfront Capital Partners Portfolio holdings

AUM $153M
1-Year Est. Return 13.97%
This Fund
S&P 500
This Quarter Est. Return
-11.61%
1 Year Est. Return
+13.97%
3 Year Est. Return
+88.33%
5 Year Est. Return
+113.41%
10 Year Est. Return
+324.57%
AUM
$588M
AUM Growth
-$159M
Cap. Flow
-$82.6M
Cap. Flow %
-14.06%
Top 10 Hldgs %
46.11%
Holding
64
New
12
Increased
16
Reduced
14
Closed
22

Top Buys

Rank Stock Value
1
MGM icon
MGM Resorts International
MGM
+$36.1M
2
MTN icon
Vail Resorts
MTN
+$19.6M
3
WYNN icon
Wynn Resorts
WYNN
+$18.2M
4
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$16.8M
5
MLM icon
Martin Marietta Materials
MLM
+$16M

Top Sells

Rank Stock Value
1
PENN icon
PENN Entertainment
PENN
+$28.5M
2
MSGS icon
Madison Square Garden
MSGS
+$19.7M
3
HPP
Hudson Pacific Properties
HPP
+$19.6M
4
SUI icon
Sun Communities
SUI
+$16.8M
5
GLPI icon
Gaming and Leisure Properties
GLPI
+$16.8M

Sector Composition

Rank Sector Weight
1 Real Estate 62.95%
2 Consumer Discretionary 18.8%
3 Communication Services 3.84%
4 Materials 2.64%
5 Technology 1.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MIC
26
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$9.43M 1.6%
257,818
-342,826
-57% -$13.7M
BYD icon
27
Boyd Gaming
BYD
$6.18B
$9.27M 1.58%
446,023
-498,806
-53% -$13.1M
ZAYO
28
CALL
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$9.14M 1.56%
+400,000
New +$11M
SUI icon
29
Sun Communities
SUI
$15.2B
$8.81M 1.5%
86,650
-165,142
-66% -$16.8M
GNRC icon
30
Generac Holdings
GNRC
$11.6B
$8.71M 1.48%
175,238
+94,742
+118% +$5.08M
WRI
31
DELISTED
Weingarten Realty Investors
WRI
$8.11M 1.38%
327,034
+116,954
+56% +$3.25M
SBAC icon
32
SBA Communications
SBAC
$19.2B
$7.9M 1.35%
+48,815
New +$7.95M
CPT icon
33
Camden Property Trust
CPT
$11B
$7.68M 1.31%
+87,209
New +$7.99M
VRE
34
DELISTED
Veris Residential
VRE
$7.14M 1.22%
364,486
+148,683
+69% +$3.04M
CUZ icon
35
Cousins Properties
CUZ
$5.19B
$6.25M 1.06%
197,650
-83,150
-30% -$2.77M
MGP
36
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
$6.18M 1.05%
+234,138
New +$6.54M
ESRT icon
37
Empire State Realty Trust
ESRT
$872M
$6.06M 1.03%
425,934
-584,946
-58% -$9.15M
CDP icon
38
COPT Defense Properties
CDP
$4.3B
$6.04M 1.03%
+287,040
New +$7.3M
DRH icon
39
Diamondrock Hospitality Co
DRH
$2.71B
$4.16M 0.71%
+458,076
New +$4.72M
MPT
40
Medical Properties Trust
MPT
$2.77B
$3.3M 0.56%
205,253
-324,435
-61% -$5.13M
MAC icon
41
Macerich
MAC
$7.33B
$2.88M 0.49%
+66,579
New +$3.29M
BKD icon
42
Brookdale Senior Living
BKD
$3.49B
$2.42M 0.41%
361,806
-428,594
-54% -$3.6M
CCL icon
43
Carnival Corporation Ltd
CCL
$38.1B
– –
-35,344
Closed -$2.25M
DHI icon
44
D.R. Horton
DHI
$40B
– –
-163,592
Closed -$6.9M
EQIX icon
45
Equinix
EQIX
$101B
– –
-29,640
Closed -$12.8M
FRT icon
46
Federal Realty Investment Trust
FRT
$10.7B
– –
-63,440
Closed -$8.02M
HD icon
47
Home Depot
HD
$331B
– –
-56,982
Closed -$11.8M
MGM icon
48
CALL
MGM Resorts International
MGM
$11.4B
– –
-300,000
Closed -$8.37M
MLCO icon
49
Melco Resorts & Entertainment
MLCO
$2.22B
– –
-260,320
Closed -$5.51M
MSGS icon
50
Madison Square Garden
MSGS
$9.48B
– –
-87,617
Closed -$19.7M
1
2
3

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Waterfront Capital Partners's Q4 2018 Portfolio in Review

As of Q4 2018, Waterfront Capital Partners held 64 positions worth $588M, down 21% from $746M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Waterfront Capital Partners withdrew a net $82.6M in Q4 2018, closing 22 positions and reducing 14 holdings. Its most notable exit was PENN Entertainment, an estimated $28.5M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 63% of assets, up from 57% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Waterfront Capital Partners opened a new position in MGM Resorts International worth $33.5M.

  • Waterfront Capital Partners's largest Q4 2018 buy was MGM Resorts International: 1,382,733 shares worth $33.5M.
  • Waterfront Capital Partners added most to Brandywine Realty Trust in Q4 2018, an estimated $14.3M increase.
  • Waterfront Capital Partners's biggest Q4 2018 reduction was Hudson Pacific Properties, cutting an estimated $19.6M.
  • Waterfront Capital Partners fully exited PENN Entertainment in Q4 2018, selling an estimated $28.5M.
  • Waterfront Capital Partners's ten largest holdings make up 46% of its $588M portfolio in Q4 2018.
  • Waterfront Capital Partners opened 12 new positions and closed 22 in Q4 2018.
  • Waterfront Capital Partners's portfolio value fell 21% quarter-over-quarter to $588M.

Based on Waterfront Capital Partners's 13F filing for Q4 2018, filed 13 Feb 2019.