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
-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
-$314M
Cap. Flow %
-79.81%
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 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
BKNG icon
1
Booking.com
BKNG
$155B
$48.6M 12.34%
1,018,450
-381,150
-27% -$18.8M
NMIH icon
2
NMI Holdings
NMIH
$3.37B
$25.9M 6.57%
2,206,406
-45,517
-2% -$540K
FLG.PRU
3
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$119M
– –
0
– –
STBZ
4
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$19.8M 5.04%
1,120,570
-481,466
-30% -$8.38M
HOLX
5
DELISTED
Hologic
HOLX
$16.6M 4.23%
773,500
-15,000
-2% -$324K
LRCX icon
6
Lam Research
LRCX
$378B
$15.4M 3.91%
2,797,760
+189,300
+7% +$1.01M
COB
7
DELISTED
CommunityOne Bancorp
COB
$10.8M 2.73%
958,997
-92,767
-9% -$1.06M
XLNX
8
DELISTED
Xilinx Inc
XLNX
$10.4M 2.65%
192,100
+93,600
+95% +$4.65M
HLF icon
9
Herbalife
HLF
$1.3B
$9.38M 2.38%
+327,400
New +$10.8M
ZIONW
10
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
$8.84M 2.25%
1,349,028
-675,928
-33% -$4.28M
AL
11
DELISTED
Air Lease Corp
AL
$5.33M 1.36%
143,002
-53,300
-27% -$1.81M
OFIX icon
12
Orthofix Medical
OFIX
$395M
$1.77M 0.45%
+58,697
New +$1.35M
WELL.PRI
13
DELISTED
Welltower Inc.
WELL.PRI
$1.26M 0.32%
22,700
-78,600
-78% -$4.28M
ATEC icon
14
Alphatec Holdings
ATEC
$1.46B
$1.24M 0.31%
+68,810
New +$1.51M
SGM
15
DELISTED
Stonegate Mortgage Corporation
SGM
$847K 0.22%
+57,029
New +$865K
JRN
16
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
$696K 0.18%
+78,500
New +$697K
ORI icon
17
Old Republic International
ORI
$10.2B
$571K 0.15%
34,800
-10,200
-23% -$162K
OXFD
18
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
$502K 0.13%
+25,000
New +$541K
AAL icon
19
American Airlines Group
AAL
$9.03B
– –
-540,000
Closed -$13.6M
ADM icon
20
Archer Daniels Midland
ADM
$39.3B
– –
-162,100
Closed -$7.04M
FCX icon
21
CALL
Freeport-McMoran
FCX
$110B
– –
-673,100
Closed -$25.4M
INTC icon
22
Intel
INTC
$473B
– –
-26,100
Closed -$677K
MASI
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
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 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.