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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
-8.04%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$59.3M
AUM Growth
-$5.39M
(-8.3%)
Cap. Flow
+$1.74M
Cap. Flow
% of AUM
2.94%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
10
New
3
Increased
1
Reduced
1
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$13.9M |
| 2 |
CADE
Cadence Bancorporation
CADE
|
+$3.49M |
| 3 |
Essent Group
ESNT
|
+$2.79M |
| 4 |
Nabors Industries
NBR
|
+$655K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STBZ
State Bank Financial Corporation. Common Stock
STBZ
|
+$3.9M |
| 2 |
Teradyne
TER
|
+$3.55M |
| 3 |
Illumina
ILMN
|
+$3.01M |
| 4 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$2.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 56.16% |
| 2 | Utilities | 23.85% |
| 3 | Financials | 14.56% |
| 4 | Healthcare | 4.63% |
| 5 | Energy | 0.81% |
| 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
| $23M | 38.72% |
485,137
| – | – |
|
|
2
NextEra Energy
NEE
$171B
| $14.2M | 23.85% |
+317,800
| New | +$13.9M |
|
|
3
Essent Group
ESNT
$6.19B
| $5.45M | 9.18% |
133,000
+73,000
| +122% | +$2.79M |
|
|
CADE
4
DELISTED
Cadence Bancorporation
CADE
| $3.19M | 5.38% |
+164,359
| New | +$3.49M |
|
|
5
Illumina
ILMN
$32.6B
| $2.75M | 4.63% |
9,932
-9,714
| -49% | -$3.01M |
|
|
6
Nabors Industries
NBR
$1.39B
| $478K | 0.81% |
+2,976
| New | +$655K |
|
|
7
State Street SPDR S&P Regional Banking ETF
KRE
$4.04B
| – | – |
-35,000
| Closed | -$2.08M |
|
|
8
Teradyne
TER
$55.5B
| – | – |
-96,100
| Closed | -$3.55M |
|
|
STBZ
9
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| – | – |
-129,315
| Closed | -$3.9M |
|
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Waterstone Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Waterstone Capital Management held 10 positions worth $59.3M, down 8.3% from $64.7M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Waterstone Capital Management's Q4 2018 filing shows 3 new, 1 increased, 1 reduced and 3 closed positions. Its largest new stake was NextEra Energy: 317,800 shares worth $14.2M. The largest sale was State Bank Financial Corporation. Common Stock, an estimated $3.9M.
By sector, the portfolio is most concentrated in Miscellaneous at 56% of assets, down from 65% a quarter earlier, followed by Utilities and Financials.
- Waterstone Capital Management's largest Q4 2018 buy was NextEra Energy: 317,800 shares worth $14.2M.
- Waterstone Capital Management added most to Essent Group in Q4 2018, an estimated $2.79M increase.
- Waterstone Capital Management's biggest Q4 2018 reduction was Illumina, cutting an estimated $3.01M.
- Waterstone Capital Management fully exited State Bank Financial Corporation. Common Stock in Q4 2018, selling an estimated $3.9M.
- Waterstone Capital Management's ten largest holdings make up 100% of its $59.3M portfolio in Q4 2018.
- Waterstone Capital Management opened 3 new positions and closed 3 in Q4 2018.
- Waterstone Capital Management's portfolio value fell 8.3% quarter-over-quarter to $59.3M.
Based on Waterstone Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.