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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
-2.71%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$132M
AUM Growth
-$75.4M
Cap. Flow
-$99.7M
Cap. Flow %
-75.77%
Top 10 Hldgs %
95.29%
Holding
20
New
1
Increased
1
Reduced
4
Closed
6

Top Buys

Rank Stock Value
1
SGM
Stonegate Mortgage Corporation
SGM
+$1.83M
2
SRCLP
Stericycle, Inc
SRCLP
+$1.52M

Top Sells

Rank Stock Value
1
HOLX
Hologic
HOLX
+$9.47M
2
PARR icon
Par Pacific Holdings
PARR
+$5.64M
3
TLMR
TALMER BANCORP INC (MI)
TLMR
+$3.3M
4
ILMN icon
Illumina
ILMN
+$2.47M
5
STBZ
State Bank Financial Corporation. Common Stock
STBZ
+$1.86M

Sector Composition

Rank Sector Weight
1 Miscellaneous 71.64%
2 Financials 16.2%
3 Technology 5.77%
4 Healthcare 3.21%
5 Utilities 1.65%
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
– –
NMIH icon
2
NMI Holdings
NMIH
$3.37B
– –
0
– –
COB
3
DELISTED
CommunityOne Bancorp
COB
$8.01M 6.09%
736,693
-3,929
-0.5% -$41.7K
AKAM icon
4
Akamai
AKAM
$15.4B
$5.04M 3.83%
73,000
-17,000
-19% -$1.23M
ILMN icon
5
Illumina
ILMN
$32.6B
$4.22M 3.21%
24,672
-12,233
-33% -$2.47M
CTXS
6
DELISTED
Citrix Systems Inc
CTXS
$2.55M 1.94%
46,213
-7,033
-13% -$400K
CWEN.A
7
DELISTED
Clearway Energy Class A
CWEN.A
– –
0
– –
SGM
8
DELISTED
Stonegate Mortgage Corporation
SGM
$2.02M 1.53%
283,552
+219,058
+340% +$1.83M
SRCLP
9
DELISTED
Stericycle, Inc
SRCLP
$1.53M 1.16%
+15,000
New +$1.52M
HLF icon
10
Herbalife
HLF
$1.3B
– –
0
– –
CIEN icon
11
Ciena
CIEN
$53.6B
– –
-19,900
Closed -$471K
HOLX
12
DELISTED
Hologic
HOLX
– –
-248,700
Closed -$9.47M
PARR icon
13
Par Pacific Holdings
PARR
$3.95B
– –
-301,147
Closed -$5.64M
WELL.PRI
14
DELISTED
Welltower Inc.
WELL.PRI
– –
-22,700
Closed -$1.35M
STBZ
15
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
– –
-85,653
Closed -$1.86M
TLMR
16
DELISTED
TALMER BANCORP INC (MI)
TLMR
– –
-197,208
Closed -$3.3M

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KL
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BCFA
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SIG
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CCM
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AC
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WEC
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BI
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Waterstone Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Waterstone Capital Management held 20 positions worth $132M, down 36% from $207M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Waterstone Capital Management withdrew a net $99.7M in Q3 2015, closing 6 positions and reducing 4 holdings. Its most notable exit was Hologic, an estimated $9.47M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 72% of assets, up from 70% a quarter earlier, followed by Financials and Technology.

Against the trend, Waterstone Capital Management opened a new position in Stericycle, Inc worth $1.53M.

  • Waterstone Capital Management's largest Q3 2015 buy was Stericycle, Inc: 15,000 shares worth $1.53M.
  • Waterstone Capital Management added most to Stonegate Mortgage Corporation in Q3 2015, an estimated $1.83M increase.
  • Waterstone Capital Management's biggest Q3 2015 reduction was Illumina, cutting an estimated $2.47M.
  • Waterstone Capital Management fully exited Hologic in Q3 2015, selling an estimated $9.47M.
  • Waterstone Capital Management's ten largest holdings make up 95% of its $132M portfolio in Q3 2015.
  • Waterstone Capital Management opened 1 new position and closed 6 in Q3 2015.
  • Waterstone Capital Management's portfolio value fell 36% quarter-over-quarter to $132M.

Based on Waterstone Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.