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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
+3.6%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$64.7M
AUM Growth
-$32.8M
Cap. Flow
-$28.7M
Cap. Flow %
-44.28%
Top 10 Hldgs %
100%
Holding
13
New
1
Increased
1
Reduced
3
Closed
4

Top Buys

Rank Stock Value
1
ILMN icon
Illumina
ILMN
+$2.95M
2
KRE icon
State Street SPDR S&P Regional Banking ETF
KRE
+$2.18M

Top Sells

Rank Stock Value
1
OZK icon
Bank OZK
OZK
+$6.22M
2
TER icon
Teradyne
TER
+$5.95M
3
ESNT icon
Essent Group
ESNT
+$2.58M
4
STBZ
State Bank Financial Corporation. Common Stock
STBZ
+$2.23M
5
NMIH icon
NMI Holdings
NMIH
+$1.87M

Sector Composition

Rank Sector Weight
1 Miscellaneous 65.23%
2 Healthcare 10.84%
3 Financials 10.13%
4 Utilities 5.52%
5 Technology 5.49%
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 37.32%
485,137
– –
ILMN icon
2
Illumina
ILMN
$32.6B
$7.01M 10.84%
19,646
+9,200
+88% +$2.95M
STBZ
3
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
$3.9M 6.03%
129,315
-68,820
-35% -$2.23M
CWEN icon
4
Clearway Energy Class C
CWEN
$6.52B
– –
0
– –
TER icon
5
Teradyne
TER
$55.5B
$3.55M 5.49%
96,100
-147,800
-61% -$5.95M
ESNT icon
6
Essent Group
ESNT
$6.19B
$2.65M 4.1%
60,000
-63,000
-51% -$2.58M
KRE icon
7
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
$2.08M 3.21%
+35,000
New +$2.18M
NBR icon
8
Nabors Industries
NBR
$1.39B
– –
-5,510
Closed -$1.7M
CWEN.A
9
DELISTED
Clearway Energy Class A
CWEN.A
– –
-100,684
Closed -$1.72M
NMIH icon
10
NMI Holdings
NMIH
$3.37B
– –
-114,822
Closed -$1.87M
OZK icon
11
Bank OZK
OZK
$5.39B
– –
-138,000
Closed -$6.22M

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Waterstone Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Waterstone Capital Management held 13 positions worth $64.7M, down 34% from $97.5M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Waterstone Capital Management withdrew a net $28.7M in Q3 2018, closing 4 positions and reducing 3 holdings. Its most notable exit was Bank OZK, an estimated $6.22M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 65% of assets, up from 64% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Waterstone Capital Management opened a new position in State Street SPDR S&P Regional Banking ETF worth $2.08M.

  • Waterstone Capital Management's largest Q3 2018 buy was State Street SPDR S&P Regional Banking ETF: 35,000 shares worth $2.08M.
  • Waterstone Capital Management added most to Illumina in Q3 2018, an estimated $2.95M increase.
  • Waterstone Capital Management's biggest Q3 2018 reduction was Teradyne, cutting an estimated $5.95M.
  • Waterstone Capital Management fully exited Bank OZK in Q3 2018, selling an estimated $6.22M.
  • Waterstone Capital Management's ten largest holdings make up 100% of its $64.7M portfolio in Q3 2018.
  • Waterstone Capital Management opened 1 new position and closed 4 in Q3 2018.
  • Waterstone Capital Management's portfolio value fell 34% quarter-over-quarter to $64.7M.

Based on Waterstone Capital Management's 13F filing for Q3 2018, filed 13 Nov 2018.