We are live on ! Find out more
WCM

Waterstone Capital Management Portfolio holdings

AUM $98.6M
1-Year Est. Return 19.4%
This Fund
S&P 500
This Quarter Est. Return
+3.7%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$843M
AUM Growth
-$277M
Cap. Flow
-$777M
Cap. Flow %
-92.12%
Top 10 Hldgs %
82.24%
Holding
40
New
4
Increased
7
Reduced
9
Closed
9

Top Buys

Rank Stock Value
1
HRC
HILL-ROM HOLDINGS, INC.
HRC
+$5.31M
2
CFN
CAREFUSION CORPORATION
CFN
+$5.23M
3
BKNG icon
Booking.com
BKNG
+$4.02M
4
LRCX icon
Lam Research
LRCX
+$2.88M
5
WELL.PRI
Welltower Inc.
WELL.PRI
+$1.48M

Top Sells

Rank Stock Value
1
GM icon
General Motors
GM
+$34.3M
2
AL
Air Lease Corp
AL
+$12.4M
3
UTHR icon
United Therapeutics
UTHR
+$8.62M
4
OSG
Octave Specialty Group
OSG
+$7.07M
5
ZIONW
Zions Bancorporation N.A. Warrants
ZIONW
+$6.06M

Sector Composition

Rank Sector Weight
1 Miscellaneous 77.15%
2 Consumer Discretionary 7.96%
3 Financials 4.69%
4 Healthcare 4.13%
5 Technology 2.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
1
Booking.com
BKNG
$155B
$67.1M 7.96%
1,659,575
+107,500
+7% +$4.02M
STBZ
2
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$28.4M 3.37%
1,792,001
-288,902
-14% -$4.55M
FCX icon
3
CALL
Freeport-McMoran
FCX
$110B
$24.8M 2.94%
750,000
+200,000
+36% +$6.11M
FLG.PRU
4
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$119M
– –
0
– –
HOLX
5
DELISTED
Hologic
HOLX
$16.5M 1.96%
800,900
+26,000
+3% +$553K
LRCX icon
6
Lam Research
LRCX
$378B
$13.2M 1.57%
2,587,460
+589,210
+29% +$2.88M
ZIONW
7
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
$11.6M 1.37%
2,274,181
-1,000,000
-31% -$6.06M
AL
8
DELISTED
Air Lease Corp
AL
$11.4M 1.35%
412,504
-453,937
-52% -$12.4M
JAH
9
DELISTED
JARDEN CORPORATION
JAH
$10.8M 1.28%
335,700
+7,500
+2% +$231K
CIEN icon
10
Ciena
CIEN
$53.6B
$10.5M 1.25%
420,540
+56,800
+16% +$1.28M
COB
11
DELISTED
CommunityOne Bancorp
COB
$10.4M 1.23%
1,051,764
– –
THOR
12
DELISTED
THORATEC CORPORATION
THOR
$8.08M 0.96%
216,800
-52,700
-20% -$1.84M
VOLC
13
DELISTED
VOLCANO CORPORATION COM STK
VOLC
$6.92M 0.82%
288,900
-11,100
-4% -$236K
MASI
14
DELISTED
Masimo
MASI
$6.86M 0.81%
257,500
– –
HRC
15
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$5.38M 0.64%
+150,000
New +$5.31M
CFN
16
DELISTED
CAREFUSION CORPORATION
CFN
$5.17M 0.61%
+140,000
New +$5.23M
SBY
17
DELISTED
Silver Bay Realty Trust Corp.
SBY
$4.68M 0.56%
299,102
-240,184
-45% -$3.87M
WELL.PRI
18
DELISTED
Welltower Inc.
WELL.PRI
$1.44M 0.17%
+25,000
New +$1.48M
TWO.WS
19
DELISTED
TWO HBRS INVT CORP WTS EXP 11/07/2013 (MD)
TWO.WS
$759K 0.09%
1,921,402
-453,704
-19% -$270K
ORI icon
20
Old Republic International
ORI
$10.2B
$693K 0.08%
45,000
– –
NXTM
21
DELISTED
NxStage Medical Inc.
NXTM
$566K 0.07%
43,000
+15,000
+54% +$197K
N
22
DELISTED
Netsuite Inc
N
$492K 0.06%
4,558
-29,042
-86% -$2.87M
LPNT
23
DELISTED
LifePoint Health, Inc.
LPNT
$317K 0.04%
+6,800
New +$326K
GCVRZ
24
DELISTED
Sanofi Contingent Value Rights
GCVRZ
$143K 0.02%
70,981
-101,610
-59% -$194K
OSG
25
Octave Specialty Group
OSG
$209M
– –
-296,791
Closed -$7.07M
1
2

Similar funds

CCIM
Chapwood Capital Investment Management Plano, Texas $99.4M AUM
KL
Kam Lawrence $97.4M AUM
BCFA
BP Capital Fund Advisors Dallas, Texas $100M AUM 7.85% 1-Year Est. Return
SIG
Schaller Investment Group Winston Salem, North Carolina $95.7M AUM 14.66% 1-Year Est. Return
CCM
Concourse Capital Management Atlanta, Georgia $94.6M AUM 51.52% 1-Year Est. Return
AC
Anavon Capital London, United Kingdom $104M AUM
WEC
White Elm Capital Greenwich, Connecticut $118M AUM 42.18% 1-Year Est. Return
BI
Bredin Investment Wilmington, Delaware $122M AUM 16.04% 1-Year Est. Return

Waterstone Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Waterstone Capital Management held 40 positions worth $843M, down 25% from $1.12B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Waterstone Capital Management withdrew a net $777M in Q3 2013, closing 9 positions and reducing 9 holdings. Its most notable exit was General Motors, an estimated $34.3M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 77% of assets, down from 79% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Waterstone Capital Management opened a new position in HILL-ROM HOLDINGS, INC. worth $5.38M.

  • Waterstone Capital Management's largest Q3 2013 buy was HILL-ROM HOLDINGS, INC.: 150,000 shares worth $5.38M.
  • Waterstone Capital Management added most to Booking.com in Q3 2013, an estimated $4.02M increase.
  • Waterstone Capital Management's biggest Q3 2013 reduction was Air Lease Corp, cutting an estimated $12.4M.
  • Waterstone Capital Management fully exited General Motors in Q3 2013, selling an estimated $34.3M.
  • Waterstone Capital Management's ten largest holdings make up 82% of its $843M portfolio in Q3 2013.
  • Waterstone Capital Management opened 4 new positions and closed 9 in Q3 2013.
  • Waterstone Capital Management's portfolio value fell 25% quarter-over-quarter to $843M.

Based on Waterstone Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.