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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
-1.9%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$229M
AUM Growth
+$52M
Cap. Flow
+$929K
Cap. Flow %
0.41%
Top 10 Hldgs %
86.47%
Holding
24
New
6
Increased
3
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
TLMR
TALMER BANCORP INC (MI)
TLMR
+$27.2M
2
PARR icon
Par Pacific Holdings
PARR
+$20M
3
CTXS
Citrix Systems Inc
CTXS
+$4.7M
4
AKAM icon
Akamai
AKAM
+$3M
5
LRCX icon
Lam Research
LRCX
+$2.82M

Top Sells

Rank Stock Value
1
CHK
Chesapeake Energy Corporation
CHK
+$2.7M
2
ZIONW
Zions Bancorporation N.A. Warrants
ZIONW
+$1.94M
3
ATEC icon
Alphatec Holdings
ATEC
+$1.03M
4
STBZ
State Bank Financial Corporation. Common Stock
STBZ
+$1.02M
5
JRN
JOURNAL COMMUNICATIONS INC CL-A
JRN
+$696K

Sector Composition

Rank Sector Weight
1 Miscellaneous 47%
2 Financials 16%
3 Technology 15.89%
4 Energy 8.33%
5 Consumer Discretionary 7.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LRCX icon
1
Lam Research
LRCX
$378B
$28.5M 12.44%
3,818,760
+395,000
+12% +$2.82M
TLMR
2
DELISTED
TALMER BANCORP INC (MI)
TLMR
$26.7M 11.64%
+1,930,068
New +$27.2M
FLG.PRU
3
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$119M
– –
0
– –
PARR icon
4
Par Pacific Holdings
PARR
$3.95B
$19.1M 8.33%
+1,132,914
New +$20M
NMIH icon
5
NMI Holdings
NMIH
$3.37B
$17.2M 7.5%
1,987,903
– –
BKNG icon
6
Booking.com
BKNG
$155B
$16.5M 7.2%
355,950
+25,000
+8% +$1.23M
STBZ
7
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$10.5M 4.57%
644,893
-61,028
-9% -$1.02M
HOLX
8
DELISTED
Hologic
HOLX
$9.01M 3.93%
370,200
-13,800
-4% -$348K
COB
9
DELISTED
CommunityOne Bancorp
COB
$7.13M 3.11%
808,694
-13,888
-2% -$130K
CTXS
10
DELISTED
Citrix Systems Inc
CTXS
$4.91M 2.14%
+86,399
New +$4.7M
AKAM icon
11
Akamai
AKAM
$15.4B
$2.98M 1.3%
+49,900
New +$3M
HLF icon
12
Herbalife
HLF
$1.3B
$1.66M 0.73%
+76,074
New +$2.03M
SGM
13
DELISTED
Stonegate Mortgage Corporation
SGM
$1.39M 0.6%
106,693
+1,506
+1% +$20.9K
OXFD
14
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
$1.32M 0.57%
86,280
-11,159
-11% -$171K
WELL.PRI
15
DELISTED
Welltower Inc.
WELL.PRI
$1.3M 0.57%
22,700
– –
TVPT
16
DELISTED
Travelport Worldwide Limited
TVPT
$823K 0.36%
+50,000
New +$817K
ORI icon
17
Old Republic International
ORI
$10.2B
$497K 0.22%
34,800
– –
ATEC icon
18
Alphatec Holdings
ATEC
$1.46B
– –
-52,505
Closed -$1.03M
CHK
19
DELISTED
Chesapeake Energy Corporation
CHK
– –
-460
Closed -$2.7M
JRN
20
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
– –
-78,500
Closed -$696K
ZIONW
21
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
– –
-368,137
Closed -$1.94M

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 2014 Portfolio in Review

As of Q3 2014, Waterstone Capital Management held 24 positions worth $229M, up 29% from $177M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Waterstone Capital Management's Q3 2014 filing shows 6 new, 3 increased, 4 reduced and 4 closed positions. Its largest new stake was TALMER BANCORP INC (MI): 1,930,068 shares worth $26.7M. The largest sale was Chesapeake Energy Corporation, an estimated $2.7M.

By sector, the portfolio is most concentrated in Miscellaneous at 47% of assets, up from 45% a quarter earlier, followed by Financials and Technology.

  • Waterstone Capital Management's largest Q3 2014 buy was TALMER BANCORP INC (MI): 1,930,068 shares worth $26.7M.
  • Waterstone Capital Management added most to Lam Research in Q3 2014, an estimated $2.82M increase.
  • Waterstone Capital Management's biggest Q3 2014 reduction was State Bank Financial Corporation. Common Stock, cutting an estimated $1.02M.
  • Waterstone Capital Management fully exited Chesapeake Energy Corporation in Q3 2014, selling an estimated $2.7M.
  • Waterstone Capital Management's ten largest holdings make up 86% of its $229M portfolio in Q3 2014.
  • Waterstone Capital Management opened 6 new positions and closed 4 in Q3 2014.
  • Waterstone Capital Management's portfolio value rose 29% quarter-over-quarter to $229M.

Based on Waterstone Capital Management's 13F filing for Q3 2014, filed 13 Nov 2014.