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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
+3.55%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$64.5M
AUM Growth
-$3.89M
Cap. Flow
-$22.3M
Cap. Flow %
-34.53%
Top 10 Hldgs %
100%
Holding
11
New
–
Increased
3
Reduced
1
Closed
2

Top Buys

Rank Stock Value
1
CWEN.A
Clearway Energy Class A
CWEN.A
+$2.67M
2
ESNT icon
Essent Group
ESNT
+$424K
3
NBR icon
Nabors Industries
NBR
+$6.71K

Top Sells

Rank Stock Value
1
NEE icon
NextEra Energy
NEE
+$10.9M
2
CADE
Cadence Bancorporation
CADE
+$3.05M
3
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$511K

Sector Composition

Rank Sector Weight
1 Miscellaneous 61.39%
2 Utilities 22.42%
3 Financials 10%
4 Healthcare 5.52%
5 Energy 0.68%
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
$23.3M 36.18%
485,137
– –
CWEN.A
2
DELISTED
Clearway Energy Class A
CWEN.A
$9.55M 14.81%
590,273
+176,100
+43% +$2.67M
ESNT icon
3
Essent Group
ESNT
$6.19B
$6.45M 10%
137,200
+9,000
+7% +$424K
NEE icon
4
NextEra Energy
NEE
$171B
$4.91M 7.61%
95,800
-222,000
-70% -$10.9M
ILMN icon
5
Illumina
ILMN
$32.6B
$3.56M 5.52%
9,932
– –
NBR icon
6
Nabors Industries
NBR
$1.4B
$438K 0.68%
3,018
+42
+1% +$6.71K
AEPPL
7
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
– –
-10,000
Closed -$511K
CADE
8
DELISTED
Cadence Bancorporation
CADE
– –
-164,359
Closed -$3.05M

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SIG
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CCM
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WEC
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Waterstone Capital Management's Q2 2019 Portfolio in Review

As of Q2 2019, Waterstone Capital Management held 11 positions worth $64.5M, down 5.7% from $68.4M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Waterstone Capital Management withdrew a net $22.3M in Q2 2019, closing 2 positions and reducing 1 holding. Its most notable exit was Cadence Bancorporation, an estimated $3.05M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, up from 51% a quarter earlier, followed by Utilities and Financials.

Against the trend, Waterstone Capital Management added an estimated $2.67M to Clearway Energy Class A.

  • Waterstone Capital Management added most to Clearway Energy Class A in Q2 2019, an estimated $2.67M increase.
  • Waterstone Capital Management's biggest Q2 2019 reduction was NextEra Energy, cutting an estimated $10.9M.
  • Waterstone Capital Management fully exited Cadence Bancorporation in Q2 2019, selling an estimated $3.05M.
  • Waterstone Capital Management's ten largest holdings make up 100% of its $64.5M portfolio in Q2 2019.
  • Waterstone Capital Management opened 0 new positions and closed 2 in Q2 2019.
  • Waterstone Capital Management's portfolio value fell 5.7% quarter-over-quarter to $64.5M.

Based on Waterstone Capital Management's 13F filing for Q2 2019, filed 12 Aug 2019.