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WAM

Watershed Asset Management Portfolio holdings

AUM $96.5M
This Fund
S&P 500
This Quarter Est. Return
-0.27%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$247M
AUM Growth
+$3.66M
Cap. Flow
-$32.1M
Cap. Flow %
-12.97%
Top 10 Hldgs %
80.38%
Holding
28
New
4
Increased
3
Reduced
8
Closed
7

Top Buys

Rank Stock Value
1
ALLY icon
Ally Financial
ALLY
+$7.68M
2
ZINC
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
+$4.98M
3
CMLS
Cumulus Media Inc. Class A Common Stock
CMLS
+$4.37M
4
ACAS
American Capital Ltd
ACAS
+$2.33M
5
VER
VEREIT, Inc.
VER
+$284K

Top Sells

Rank Stock Value
1
OUT icon
Outfront Media
OUT
+$5.91M
2
PARA
Paramount Global Class B
PARA
+$5.07M
3
ANDV
Andeavor
ANDV
+$4.88M
4
CUBI icon
Customers Bancorp
CUBI
+$1.92M
5
PGEM
Ply Gem Holdings, Inc.
PGEM
+$896K

Sector Composition

Rank Sector Weight
1 Financials 6.57%
2 Consumer Discretionary 3.23%
3 Industrials 3.04%
4 Real Estate 1.09%
5 Energy 0.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HYG icon
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$46.2M 18.7%
510,000
-340,000
-40% -$30.8M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$44.1M 17.85%
213,700
-600
-0.3% -$124K
IWM icon
3
PUT
iShares Russell 2000 ETF
IWM
$81B
$41.1M 16.65%
330,800
+82,500
+33% +$9.94M
VER
4
DELISTED
VEREIT, Inc.
VER
$9.52M 3.85%
193,386
+5,943
+3% +$284K
CUBI icon
5
Customers Bancorp
CUBI
$2.54B
$8.58M 3.47%
352,401
-89,082
-20% -$1.92M
GRA
6
DELISTED
W.R. Grace & Co.
GRA
$7.97M 3.23%
80,657
-4,469
-5% -$426K
ALLY icon
7
Ally Financial
ALLY
$13.3B
$7.65M 3.1%
+364,699
New +$7.68M
ACAS
8
DELISTED
American Capital Ltd
ACAS
$7.47M 3.02%
505,185
+158,955
+46% +$2.33M
NTK
9
DELISTED
NORTEK INC COM NEW (DE)
NTK
$7.29M 2.95%
82,544
– –
ZINC
10
PUT
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
$5.8M 2.35%
+458,100
New +$6.23M
PGEM
11
DELISTED
Ply Gem Holdings, Inc.
PGEM
$5.05M 2.04%
388,667
-68,094
-15% -$896K
XLE icon
12
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$4.66M 1.88%
120,000
-30,000
-20% -$1.16M
ZINC
13
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
$4.63M 1.87%
+365,645
New +$4.98M
CIE
14
PUT
DELISTED
Cobalt International Energy, Inc
CIE
$4.24M 1.71%
30,000
– –
CMLS
15
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
$3.05M 1.23%
+154,363
New +$4.37M
OUT icon
16
Outfront Media
OUT
$5.58B
$2.68M 1.09%
91,095
-207,914
-70% -$5.91M
EAC
17
DELISTED
Erickson Incorporated
EAC
$2.45M 0.99%
567,825
– –
KEG
18
DELISTED
KEY ENERGY SERVICES INC
KEG
$1.17M 0.47%
642,846
-450,000
-41% -$819K
CCO icon
19
Clear Channel Outdoor Holdings
CCO
$1.23B
– –
-40,539
Closed -$429K
GM icon
20
General Motors
GM
$71.9B
– –
-19,666
Closed -$687K
PARA
21
DELISTED
Paramount Global Class B
PARA
– –
-91,533
Closed -$5.07M
VER
22
PUT
DELISTED
VEREIT, Inc.
VER
– –
-100,000
Closed -$4.53M
GM.WS.B
23
DELISTED
General Motors Company
GM.WS.B
– –
-17,878
Closed -$304K
ANDV
24
DELISTED
Andeavor
ANDV
– –
-65,649
Closed -$4.88M
GM.WS.A
25
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
– –
-17,878
Closed -$448K

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Watershed Asset Management's Q1 2015 Portfolio in Review

As of Q1 2015, Watershed Asset Management held 28 positions worth $247M, up 1.5% from $244M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Watershed Asset Management withdrew a net $32.1M in Q1 2015, closing 7 positions and reducing 8 holdings. Its most notable exit was Paramount Global Class B, an estimated $5.07M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.6% of assets, up from 3.5% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Watershed Asset Management opened a new position in Ally Financial worth $7.65M.

  • Watershed Asset Management's largest Q1 2015 buy was Ally Financial: 364,699 shares worth $7.65M.
  • Watershed Asset Management added most to American Capital Ltd in Q1 2015, an estimated $2.33M increase.
  • Watershed Asset Management's biggest Q1 2015 reduction was Outfront Media, cutting an estimated $5.91M.
  • Watershed Asset Management fully exited Paramount Global Class B in Q1 2015, selling an estimated $5.07M.
  • Watershed Asset Management's ten largest holdings make up 80% of its $247M portfolio in Q1 2015.
  • Watershed Asset Management opened 4 new positions and closed 7 in Q1 2015.
  • Watershed Asset Management's portfolio value rose 1.5% quarter-over-quarter to $247M.

Based on Watershed Asset Management's 13F filing for Q1 2015, filed 15 May 2015.