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WCM

Waterstone Capital Management Portfolio holdings

AUM $98.6M
1-Year Est. Return 19.4%
This Fund
S&P 500
This Quarter Est. Return
-0.61%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$176M
Cap. Flow
-$340M
Cap. Flow %
-86.26%
Top 10 Hldgs %
87.35%
Holding
32
New
6
Increased
2
Reduced
9
Closed
9

Top Buys

Rank Stock Value
1
HLF icon
Herbalife
HLF
+$10.8M
2
XLNX
Xilinx Inc
XLNX
+$4.65M
3
ATEC icon
Alphatec Holdings
ATEC
+$1.51M
4
OFIX icon
Orthofix Medical
OFIX
+$1.35M
5
LRCX icon
Lam Research
LRCX
+$1.01M

Top Sells

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$18.8M
2
JAH
JARDEN CORPORATION
JAH
+$13.8M
3
AAL icon
American Airlines Group
AAL
+$13.6M
4
STBZ
State Bank Financial Corporation. Common Stock
STBZ
+$8.38M
5
ADM icon
Archer Daniels Midland
ADM
+$7.04M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 12.34%
2 Financials 6.93%
3 Healthcare 5.12%
4 Technology 3.91%
5 Consumer Staples 2.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOLC
26
DELISTED
VOLCANO CORPORATION COM STK
VOLC
– –
-254,800
Closed -$5.57M
LPNT
27
DELISTED
LifePoint Health, Inc.
LPNT
– –
-31,900
Closed -$1.69M
1
2

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Waterstone Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Waterstone Capital Management held 32 positions worth $394M, down 31% from $569M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Waterstone Capital Management withdrew a net $340M in Q1 2014, closing 9 positions and reducing 9 holdings. Its most notable exit was JARDEN CORPORATION, an estimated $13.8M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 12% of assets, up from 11% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Waterstone Capital Management opened a new position in Herbalife worth $9.38M.

  • Waterstone Capital Management's largest Q1 2014 buy was Herbalife: 327,400 shares worth $9.38M.
  • Waterstone Capital Management added most to Xilinx Inc in Q1 2014, an estimated $4.65M increase.
  • Waterstone Capital Management's biggest Q1 2014 reduction was Booking.com, cutting an estimated $18.8M.
  • Waterstone Capital Management fully exited JARDEN CORPORATION in Q1 2014, selling an estimated $13.8M.
  • Waterstone Capital Management's ten largest holdings make up 87% of its $394M portfolio in Q1 2014.
  • Waterstone Capital Management opened 6 new positions and closed 9 in Q1 2014.
  • Waterstone Capital Management's portfolio value fell 31% quarter-over-quarter to $394M.

Based on Waterstone Capital Management's 13F filing for Q1 2014, filed 15 May 2014.