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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
+8.59%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$204M
AUM Growth
+$7.98M
Cap. Flow
-$58.9M
Cap. Flow %
-28.89%
Top 10 Hldgs %
85.9%
Holding
21
New
2
Increased
3
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
HLF icon
Herbalife
HLF
+$4.91M
2
HOLX
Hologic
HOLX
+$3.67M
3
ORI icon
Old Republic International
ORI
+$2.63M
4
AKAM icon
Akamai
AKAM
+$1.27M
5
CTXS
Citrix Systems Inc
CTXS
+$217K

Top Sells

Rank Stock Value
1
OZK icon
Bank OZK
OZK
+$13.1M
2
CWEN.A
Clearway Energy Class A
CWEN.A
+$3.18M
3
PARR icon
Par Pacific Holdings
PARR
+$2.26M
4
COB
CommunityOne Bancorp
COB
+$2.09M
5
ILMN icon
Illumina
ILMN
+$416K

Sector Composition

Rank Sector Weight
1 Miscellaneous 46.32%
2 Financials 33.91%
3 Healthcare 8.37%
4 Utilities 3.77%
5 Technology 2.72%
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
$24.2M 11.87%
485,137
– –
OZK icon
2
Bank OZK
OZK
$5.38B
$22.1M 10.84%
420,030
-295,000
-41% -$13.1M
NMIH icon
3
NMI Holdings
NMIH
$3.36B
$20.5M 10.08%
1,929,203
– –
ORI icon
4
Old Republic International
ORI
$10.1B
$17.4M 8.55%
917,500
+146,343
+19% +$2.63M
HOLX
5
DELISTED
Hologic
HOLX
$15.1M 7.39%
375,500
+95,200
+34% +$3.67M
AMT.PRA
6
DELISTED
American Tower Corporation
AMT.PRA
$14.8M 7.28%
141,541
– –
WELL.PRI
7
DELISTED
Welltower Inc.
WELL.PRI
$8.43M 4.14%
140,306
– –
CWEN.A
8
DELISTED
Clearway Energy Class A
CWEN.A
$5.53M 2.71%
360,238
-211,177
-37% -$3.18M
STBZ
9
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$5.32M 2.61%
198,135
– –
HLF icon
10
Herbalife
HLF
$1.3B
$4.33M 2.13%
+180,000
New +$4.91M
CTXS
11
DELISTED
Citrix Systems Inc
CTXS
$4.21M 2.07%
59,274
+3,140
+6% +$217K
SGM
12
DELISTED
Stonegate Mortgage Corporation
SGM
$3.73M 1.83%
624,373
-24,052
-4% -$112K
AL
13
DELISTED
Air Lease Corp
AL
$3.43M 1.68%
100,000
– –
KMI icon
14
Kinder Morgan
KMI
$70.1B
$2.24M 1.1%
108,200
– –
NEE icon
15
NextEra Energy
NEE
$170B
$2.15M 1.05%
72,000
– –
ILMN icon
16
Illumina
ILMN
$32.7B
$2M 0.98%
16,037
-3,084
-16% -$416K
AKAM icon
17
Akamai
AKAM
$15.4B
$1.33M 0.65%
+19,900
New +$1.27M
PARR icon
18
Par Pacific Holdings
PARR
$3.97B
– –
-176,585
Closed -$2.26M
COB
19
DELISTED
CommunityOne Bancorp
COB
– –
-181,033
Closed -$2.09M

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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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Waterstone Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Waterstone Capital Management held 21 positions worth $204M, up 4.1% from $196M the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Waterstone Capital Management withdrew a net $58.9M in Q4 2016, closing 2 positions and reducing 4 holdings. Its most notable exit was Par Pacific Holdings, an estimated $2.26M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 46% of assets, down from 50% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Waterstone Capital Management opened a new position in Herbalife worth $4.33M.

  • Waterstone Capital Management's largest Q4 2016 buy was Herbalife: 180,000 shares worth $4.33M.
  • Waterstone Capital Management added most to Hologic in Q4 2016, an estimated $3.67M increase.
  • Waterstone Capital Management's biggest Q4 2016 reduction was Bank OZK, cutting an estimated $13.1M.
  • Waterstone Capital Management fully exited Par Pacific Holdings in Q4 2016, selling an estimated $2.26M.
  • Waterstone Capital Management's ten largest holdings make up 86% of its $204M portfolio in Q4 2016.
  • Waterstone Capital Management opened 2 new positions and closed 2 in Q4 2016.
  • Waterstone Capital Management's portfolio value rose 4.1% quarter-over-quarter to $204M.

Based on Waterstone Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.