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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
-1.61%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$97.5M
AUM Growth
-$12.9M
(-12%)
Cap. Flow
-$42.2M
Cap. Flow
% of AUM
-43.24%
Top 10 Holdings %
Top 10 Hldgs %
98.24%
Holding
15
New
–
Increased
2
Reduced
4
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank OZK
OZK
|
+$3.4M |
| 2 |
Essent Group
ESNT
|
+$543K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CTXS
Citrix Systems Inc
CTXS
|
+$6.33M |
| 2 |
CWEN.A
Clearway Energy Class A
CWEN.A
|
+$2.01M |
| 3 |
Kroger
KR
|
+$1.98M |
| 4 |
CSFL
CenterState Bank Corporation Common Stock
CSFL
|
+$1.69M |
| 5 |
Sprouts Farmers Market
SFM
|
+$1.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 64.4% |
| 2 | Financials | 19.6% |
| 3 | Technology | 9.52% |
| 4 | Healthcare | 2.91% |
| 5 | Energy | 1.81% |
| 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
| $24.4M | 25.06% |
485,137
| – | – |
|
2
Teradyne
TER
$55.5B
| $9.29M | 9.52% |
243,900
-12,000
| -5% | -$468K |
|
|
STBZ
3
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $6.62M | 6.79% |
198,135
| – | – |
|
|
4
Bank OZK
OZK
$5.39B
| $6.22M | 6.37% |
138,000
+71,300
| +107% | +$3.4M |
|
|
5
Essent Group
ESNT
$6.19B
| $4.41M | 4.52% |
123,000
+15,000
| +14% | +$543K |
|
6
Illumina
ILMN
$32.6B
| $2.84M | 2.91% |
10,446
| – | – |
|
7
NMI Holdings
NMIH
$3.37B
| $1.87M | 1.92% |
114,822
-19,479
| -15% | -$316K |
|
8
Nabors Industries
NBR
$1.4B
| $1.77M | 1.81% |
5,510
-438
| -7% | -$161K |
|
|
CWEN.A
9
DELISTED
Clearway Energy Class A
CWEN.A
| $1.72M | 1.76% |
100,684
-116,392
| -54% | -$2.01M |
|
|
10
Kroger
KR
$35.4B
| – | – |
-82,500
| Closed | -$1.98M |
|
|
11
Sprouts Farmers Market
SFM
$7.6B
| – | – |
-65,000
| Closed | -$1.53M |
|
|
CTXS
12
DELISTED
Citrix Systems Inc
CTXS
| – | – |
-68,200
| Closed | -$6.33M |
|
|
CSFL
13
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| – | – |
-63,627
| Closed | -$1.69M |
|
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Waterstone Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Waterstone Capital Management held 15 positions worth $97.5M, down 12% from $110M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Waterstone Capital Management withdrew a net $42.2M in Q2 2018, closing 4 positions and reducing 4 holdings. Its most notable exit was Citrix Systems Inc, an estimated $6.33M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 64% of assets, up from 57% a quarter earlier, followed by Financials and Technology.
Against the trend, Waterstone Capital Management added an estimated $3.4M to Bank OZK.
- Waterstone Capital Management added most to Bank OZK in Q2 2018, an estimated $3.4M increase.
- Waterstone Capital Management's biggest Q2 2018 reduction was Clearway Energy Class A, cutting an estimated $2.01M.
- Waterstone Capital Management fully exited Citrix Systems Inc in Q2 2018, selling an estimated $6.33M.
- Waterstone Capital Management's ten largest holdings make up 98% of its $97.5M portfolio in Q2 2018.
- Waterstone Capital Management opened 0 new positions and closed 4 in Q2 2018.
- Waterstone Capital Management's portfolio value fell 12% quarter-over-quarter to $97.5M.
Based on Waterstone Capital Management's 13F filing for Q2 2018, filed 13 Aug 2018.