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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
+1.49%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$207M
AUM Growth
+$548K
(+0.27%)
Cap. Flow
-$137M
Cap. Flow
% of AUM
-66.31%
Top 10 Holdings %
Top 10 Hldgs %
85.73%
Holding
20
New
–
Increased
2
Reduced
8
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Illumina
ILMN
|
+$3.71M |
| 2 |
CTXS
Citrix Systems Inc
CTXS
|
+$1.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NMI Holdings
NMIH
|
+$14.3M |
| 2 |
HOLX
Hologic
HOLX
|
+$6.62M |
| 3 |
Par Pacific Holdings
PARR
|
+$5.54M |
| 4 |
TLMR
TALMER BANCORP INC (MI)
TLMR
|
+$2.23M |
| 5 |
STBZ
State Bank Financial Corporation. Common Stock
STBZ
|
+$1.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 69.5% |
| 2 | Financials | 11.33% |
| 3 | Healthcare | 8.36% |
| 4 | Technology | 4.7% |
| 5 | Utilities | 3.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FLG.PRU
1
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$119M
| – | – |
0
| – | – |
|
|
2
NMI Holdings
NMIH
$3.36B
| – | – |
-1,808,636
| Closed | -$14.3M |
|
|
HOLX
3
DELISTED
Hologic
HOLX
| $9.47M | 4.57% |
248,700
-189,200
| -43% | -$6.62M |
|
|
COB
4
DELISTED
CommunityOne Bancorp
COB
| $7.98M | 3.85% |
740,622
-6,582
| -0.9% | -$68K |
|
|
5
Illumina
ILMN
$32.7B
| $7.84M | 3.79% |
36,905
+19,018
| +106% | +$3.71M |
|
6
Clearway Energy Class C
CWEN
$6.51B
| – | – |
0
| – | – |
|
7
Akamai
AKAM
$15.4B
| $6.28M | 3.04% |
90,000
-8,500
| -9% | -$631K |
|
|
8
Par Pacific Holdings
PARR
$3.97B
| $5.64M | 2.72% |
301,147
-239,655
| -44% | -$5.54M |
|
|
TLMR
9
DELISTED
TALMER BANCORP INC (MI)
TLMR
| $3.3M | 1.6% |
197,208
-137,792
| -41% | -$2.23M |
|
|
CTXS
10
DELISTED
Citrix Systems Inc
CTXS
| $2.98M | 1.44% |
53,246
+25,367
| +91% | +$1.35M |
|
|
STBZ
11
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.86M | 0.9% |
85,653
-55,897
| -39% | -$1.15M |
|
|
WELL.PRI
12
DELISTED
Welltower Inc.
WELL.PRI
| $1.35M | 0.65% |
22,700
| – | – |
|
|
SGM
13
DELISTED
Stonegate Mortgage Corporation
SGM
| $649K | 0.31% |
64,494
-32,973
| -34% | -$348K |
|
14
Ciena
CIEN
$53.9B
| $471K | 0.23% |
19,900
-1,700
| -8% | -$38.8K |
|
15
Herbalife
HLF
$1.3B
| – | – |
-31,500
| Closed | -$673K |
|
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Waterstone Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Waterstone Capital Management held 20 positions worth $207M, up 0.27% from $206M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Waterstone Capital Management withdrew a net $137M in Q2 2015, closing 2 positions and reducing 8 holdings. Its most notable exit was NMI Holdings, an estimated $14.3M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 70% of assets, up from 69% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Waterstone Capital Management added an estimated $3.71M to Illumina.
- Waterstone Capital Management added most to Illumina in Q2 2015, an estimated $3.71M increase.
- Waterstone Capital Management's biggest Q2 2015 reduction was Hologic, cutting an estimated $6.62M.
- Waterstone Capital Management fully exited NMI Holdings in Q2 2015, selling an estimated $14.3M.
- Waterstone Capital Management's ten largest holdings make up 86% of its $207M portfolio in Q2 2015.
- Waterstone Capital Management opened 0 new positions and closed 2 in Q2 2015.
- Waterstone Capital Management's portfolio value rose 0.27% quarter-over-quarter to $207M.
Based on Waterstone Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.