We are live on
!
Find out more
WCM
Waterstone Capital Management Portfolio holdings
AUM
$98.6M
Turnover
37.5%
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
(-31%)
Cap. Flow
-$314M
Cap. Flow
% of AUM
-79.81%
Top 10 Holdings %
Top 10 Hldgs %
87.35%
Holding
32
New
6
Increased
2
Reduced
9
Closed
9
Avg Time Held Equity + Options
0.4
years
Top 10 Avg Time Held Equity + Options
0.4
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.4
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Herbalife
HLF
|
+$10.8M |
| 2 |
XLNX
Xilinx Inc
XLNX
|
+$4.65M |
| 3 |
Alphatec Holdings
ATEC
|
+$1.51M |
| 4 |
Orthofix Medical
OFIX
|
+$1.35M |
| 5 |
Lam Research
LRCX
|
+$1.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$18.8M |
| 2 |
JAH
JARDEN CORPORATION
JAH
|
+$13.8M |
| 3 |
American Airlines Group
AAL
|
+$13.6M |
| 4 |
STBZ
State Bank Financial Corporation. Common Stock
STBZ
|
+$8.38M |
| 5 |
Archer Daniels Midland
ADM
|
+$7.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 57.37% |
| 2 | Financials | 14.7% |
| 3 | Consumer Discretionary | 12.34% |
| 4 | Technology | 6.56% |
| 5 | Healthcare | 5.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Booking.com
BKNG
$125B
| $48.6M | 12.34% |
1,018,450
-381,150
| -27% | -$18.8M |
2013 Q2
3 quarters
|
|
2
NMI Holdings
NMIH
$3.05B
| $25.9M | 6.57% |
2,206,406
-45,517
| -2% | -$540K |
2013 Q4
1 quarter
|
|
3
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$103M
| – | – |
0
| – | – |
2013 Q2
3 quarters
|
|
|
STBZ
4
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $19.8M | 5.04% |
1,120,570
-481,466
| -30% | -$8.38M |
2013 Q2
3 quarters
|
|
5
DELISTED
Hologic
HOLX
| $16.6M | 4.23% |
773,500
-15,000
| -2% | -$324K |
2013 Q2
3 quarters
|
|
|
6
Lam Research
LRCX
$340B
| $15.4M | 3.91% |
2,797,760
+189,300
| +7% | +$1.01M |
2013 Q2
3 quarters
|
|
|
COB
7
DELISTED
CommunityOne Bancorp
COB
| $10.8M | 2.73% |
958,997
-92,767
| -9% | -$1.06M |
2013 Q2
3 quarters
|
|
|
XLNX
8
DELISTED
Xilinx Inc
XLNX
| $10.4M | 2.65% |
192,100
+93,600
| +95% | +$4.65M |
2013 Q4
1 quarter
|
|
|
9
Herbalife
HLF
$1.54B
| $9.38M | 2.38% |
+327,400
| New | +$10.8M |
2014 Q1
0 quarters
|
|
|
ZIONW
10
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $8.84M | 2.25% |
1,349,028
-675,928
| -33% | -$4.28M |
2013 Q2
3 quarters
|
|
11
DELISTED
Air Lease Corp
AL
| $5.33M | 1.36% |
143,002
-53,300
| -27% | -$1.81M |
2013 Q2
3 quarters
|
|
|
12
Orthofix Medical
OFIX
$392M
| $1.77M | 0.45% |
+58,697
| New | +$1.35M |
2014 Q1
0 quarters
|
|
13
DELISTED
Welltower Inc.
WELL.PRI
| $1.26M | 0.32% |
22,700
-78,600
| -78% | -$4.28M |
2013 Q3
2 quarters
|
|
|
14
Alphatec Holdings
ATEC
$1.68B
| $1.24M | 0.31% |
+68,810
| New | +$1.51M |
2014 Q1
0 quarters
|
|
|
SGM
15
DELISTED
Stonegate Mortgage Corporation
SGM
| $847K | 0.22% |
+57,029
| New | +$865K |
2014 Q1
0 quarters
|
|
|
JRN
16
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
| $696K | 0.18% |
+78,500
| New | +$697K |
2014 Q1
0 quarters
|
|
17
Old Republic International
ORI
$9.43B
| $571K | 0.15% |
34,800
-10,200
| -23% | -$162K |
2013 Q2
3 quarters
|
|
|
OXFD
18
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
| $502K | 0.13% |
+25,000
| New | +$541K |
2014 Q1
0 quarters
|
|
|
19
American Airlines Group
AAL
$8.15B
| – | – |
-540,000
| Closed | -$13.6M | – |
|
|
20
Archer Daniels Midland
ADM
$40.2B
| – | – |
-162,100
| Closed | -$7.04M | – |
|
21
CALL
Freeport-McMoran
FCX
$103B
| – | – |
-673,100
| Closed | -$25.4M | – |
|
22
Intel
INTC
$493B
| – | – |
-26,100
| Closed | -$677K | – |
|
23
DELISTED
Masimo
MASI
| – | – |
-150,000
| Closed | -$4.38M | – |
|
|
NXTM
24
DELISTED
NxStage Medical Inc.
NXTM
| – | – |
-63,000
| Closed | -$630K | – |
|
|
JAH
25
DELISTED
JARDEN CORPORATION
JAH
| – | – |
-337,350
| Closed | -$13.8M | – |
|
Similar funds
CCIM
KL
BCFA
SIG
CCM
AC
WEC
BI
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 $314M 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 Miscellaneous at 57% of assets, down from 61% a quarter earlier, followed by Financials and Consumer Discretionary.
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.