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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
+0.43%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$110M
AUM Growth
-$27.1M
Cap. Flow
-$65.6M
Cap. Flow %
-59.39%
Top 10 Hldgs %
89.23%
Holding
19
New
3
Increased
3
Reduced
1
Closed
3

Top Buys

Rank Stock Value
1
ESNT icon
Essent Group
ESNT
+$4.9M
2
NMIH icon
NMI Holdings
NMIH
+$2.5M
3
OZK icon
Bank OZK
OZK
+$1.96M
4
CSFL
CenterState Bank Corporation Common Stock
CSFL
+$1.7M
5
CWEN.A
Clearway Energy Class A
CWEN.A
+$458K

Top Sells

Rank Stock Value
1
HOLX
Hologic
HOLX
+$19.1M
2
ANTX
Anthem, Inc.
ANTX
+$17.1M
3
WELL.PRI
Welltower Inc.
WELL.PRI
+$6.89M
4
NBR icon
Nabors Industries
NBR
+$125K

Sector Composition

Rank Sector Weight
1 Miscellaneous 57.22%
2 Technology 16.32%
3 Financials 16%
4 Utilities 3.23%
5 Consumer Staples 3.17%
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
$24.3M 21.96%
485,137
– –
TER icon
2
Teradyne
TER
$55.5B
$11.7M 10.59%
255,900
– –
CTXS
3
DELISTED
Citrix Systems Inc
CTXS
$6.33M 5.73%
68,200
– –
STBZ
4
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$5.95M 5.38%
198,135
– –
ESNT icon
5
Essent Group
ESNT
$6.19B
$4.6M 4.16%
+108,000
New +$4.9M
CWEN.A
6
DELISTED
Clearway Energy Class A
CWEN.A
$3.57M 3.23%
217,076
+26,517
+14% +$458K
OZK icon
7
Bank OZK
OZK
$5.39B
$3.22M 2.92%
66,700
+38,700
+138% +$1.96M
ILMN icon
8
Illumina
ILMN
$32.6B
$2.4M 2.17%
10,446
+1,028
+11% +$236K
NMIH icon
9
NMI Holdings
NMIH
$3.37B
$2.22M 2.01%
+134,301
New +$2.5M
NBR icon
10
Nabors Industries
NBR
$1.39B
$2.08M 1.88%
5,948
-344
-5% -$125K
KR icon
11
Kroger
KR
$35.4B
$1.98M 1.79%
82,500
– –
CSFL
12
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$1.69M 1.53%
+63,627
New +$1.7M
SFM icon
13
Sprouts Farmers Market
SFM
$7.6B
$1.53M 1.38%
65,000
– –
HOLX
14
DELISTED
Hologic
HOLX
– –
-446,800
Closed -$19.1M
WELL.PRI
15
DELISTED
Welltower Inc.
WELL.PRI
– –
-114,440
Closed -$6.89M
ANTX
16
DELISTED
Anthem, Inc.
ANTX
– –
-305,572
Closed -$17.1M

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Waterstone Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Waterstone Capital Management held 19 positions worth $110M, down 20% from $138M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Waterstone Capital Management withdrew a net $65.6M in Q1 2018, closing 3 positions and reducing 1 holding. Its most notable exit was Hologic, an estimated $19.1M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 57% of assets, down from 60% a quarter earlier, followed by Technology and Financials.

Against the trend, Waterstone Capital Management opened a new position in Essent Group worth $4.6M.

  • Waterstone Capital Management's largest Q1 2018 buy was Essent Group: 108,000 shares worth $4.6M.
  • Waterstone Capital Management added most to Bank OZK in Q1 2018, an estimated $1.96M increase.
  • Waterstone Capital Management's biggest Q1 2018 reduction was Nabors Industries, cutting an estimated $125K.
  • Waterstone Capital Management fully exited Hologic in Q1 2018, selling an estimated $19.1M.
  • Waterstone Capital Management's ten largest holdings make up 89% of its $110M portfolio in Q1 2018.
  • Waterstone Capital Management opened 3 new positions and closed 3 in Q1 2018.
  • Waterstone Capital Management's portfolio value fell 20% quarter-over-quarter to $110M.

Based on Waterstone Capital Management's 13F filing for Q1 2018, filed 14 May 2018.