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WAM
Watershed Asset Management Portfolio holdings
AUM
$96.5M
This Fund
S&P 500
This Quarter
Est. Return
-9.06%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$238M
AUM Growth
-$86.5M
(-27%)
Cap. Flow
-$74.5M
Cap. Flow
% of AUM
-31.36%
Top 10 Holdings %
Top 10 Hldgs %
92.25%
Holding
24
New
2
Increased
8
Reduced
7
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Halliburton
HAL
|
+$3.07M |
| 2 |
Ares Capital
ARCC
|
+$785K |
| 3 |
Outfront Media
OUT
|
+$751K |
| 4 |
Ally Financial
ALLY
|
+$572K |
| 5 |
ISCA
International Speedway Corp
ISCA
|
+$500K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GRA
W.R. Grace & Co.
GRA
|
+$6.58M |
| 2 |
Customers Bancorp
CUBI
|
+$6.48M |
| 3 |
PGEM
Ply Gem Holdings, Inc.
PGEM
|
+$3.55M |
| 4 |
ZINC
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
|
+$2.77M |
| 5 |
Archrock
AROC
|
+$2.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 5.53% |
| 2 | Consumer Discretionary | 2.15% |
| 3 | Energy | 1.71% |
| 4 | Real Estate | 1.06% |
| 5 | Industrials | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $82.6M | 34.75% |
430,900
+67,600
| +19% | +$13.7M |
|
2
PUT
iShares Russell 2000 ETF
IWM
$81.5B
| $58M | 24.42% |
531,400
+83,000
| +19% | +$9.84M |
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.4B
| $24.6M | 10.33% |
294,800
-412,200
| -58% | -$35.7M |
|
|
4
Ally Financial
ALLY
$14B
| $8.13M | 3.42% |
399,015
+26,316
| +7% | +$572K |
|
|
ACAS
5
DELISTED
American Capital Ltd
ACAS
| $8.12M | 3.42% |
667,332
+11,147
| +2% | +$149K |
|
|
VER
6
DELISTED
VEREIT, Inc.
VER
| $6.05M | 2.55% |
156,774
-36,612
| -19% | -$1.53M |
|
|
ISCA
7
DELISTED
International Speedway Corp
ISCA
| $5.12M | 2.15% |
161,301
+15,000
| +10% | +$500K |
|
|
NTK
8
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $4.39M | 1.85% |
69,344
-13,200
| -16% | -$1.03M |
|
9
LPL Financial
LPLA
$26B
| $4.15M | 1.75% |
104,410
-38,894
| -27% | -$1.67M |
|
|
10
Halliburton
HAL
$29.8B
| $2.76M | 1.16% |
+78,000
| New | +$3.07M |
|
|
11
Outfront Media
OUT
$5.85B
| $2.52M | 1.06% |
123,113
+32,018
| +35% | +$751K |
|
|
ZINC
12
PUT
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| $1.52M | 0.64% |
500,000
+41,900
| +9% | +$317K |
|
|
13
Archrock
AROC
$6.55B
| $1.31M | 0.55% |
72,820
-106,980
| -59% | -$2.56M |
|
|
CMLS
14
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $884K | 0.37% |
156,926
+2,563
| +2% | +$29K |
|
|
15
Ares Capital
ARCC
$13.7B
| $724K | 0.3% |
+50,000
| New | +$785K |
|
|
16
Customers Bancorp
CUBI
$2.6B
| $124K | 0.05% |
4,811
-254,790
| -98% | -$6.48M |
|
|
EAC
17
DELISTED
Erickson Incorporated
EAC
| $43K | 0.02% |
13,679
-216,246
| -94% | -$755K |
|
|
CIE
18
PUT
DELISTED
Cobalt International Energy, Inc
CIE
| – | – |
-19,333
| Closed | -$2.82M |
|
|
ZINC
19
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| – | – |
-365,645
| Closed | -$2.77M |
|
|
GRA
20
DELISTED
W.R. Grace & Co.
GRA
| – | – |
-65,657
| Closed | -$6.58M |
|
|
PGEM
21
DELISTED
Ply Gem Holdings, Inc.
PGEM
| – | – |
-301,197
| Closed | -$3.55M |
|
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AWA
Watershed Asset Management's Q3 2015 Portfolio in Review
As of Q3 2015, Watershed Asset Management held 24 positions worth $238M, down 27% from $324M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Watershed Asset Management withdrew a net $74.5M in Q3 2015, closing 4 positions and reducing 7 holdings. Its most notable exit was W.R. Grace & Co., an estimated $6.58M position sold in full.
By sector, the portfolio is most concentrated in Financials at 5.5% of assets, down from 6.8% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, Watershed Asset Management opened a new position in Halliburton worth $2.76M.
- Watershed Asset Management's largest Q3 2015 buy was Halliburton: 78,000 shares worth $2.76M.
- Watershed Asset Management added most to Outfront Media in Q3 2015, an estimated $751K increase.
- Watershed Asset Management's biggest Q3 2015 reduction was Customers Bancorp, cutting an estimated $6.48M.
- Watershed Asset Management fully exited W.R. Grace & Co. in Q3 2015, selling an estimated $6.58M.
- Watershed Asset Management's ten largest holdings make up 92% of its $238M portfolio in Q3 2015.
- Watershed Asset Management opened 2 new positions and closed 4 in Q3 2015.
- Watershed Asset Management's portfolio value fell 27% quarter-over-quarter to $238M.
Based on Watershed Asset Management's 13F filing for Q3 2015, filed 13 Nov 2015.