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WCM

Waterstone Capital Management Portfolio holdings

AUM $98.6M Turnover 37.5%
1-Year Est. Return 19.4%
This Fund
S&P 500
This Quarter Est. Return
+1.19%
1 Year Est. Return
+19.4%
3 Year Est. Return
+23.38%
5 Year Est. Return
+49.41%
10 Year Est. Return
–
AUM
$43.6M
AUM Growth
-$20.9M
Cap. Flow
-$29.4M
Cap. Flow %
-67.5%
Top 10 Hldgs %
100%
Holding
7
New
–
Increased
–
Reduced
1
Closed
2
Avg Time Held
2.8 years
Top 10 Avg Time Held
2.1 years
Top 20 Avg Time Held
2.4 years

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
CWEN.A icon
Clearway Energy Class A
CWEN.A
+$9.55M
2
NEE icon
NextEra Energy
NEE
+$4.91M
3
ESNT icon
Essent Group
ESNT
+$4.45M

Sector Composition

Rank Sector Weight
1 Miscellaneous 87.8%
2 Healthcare 6.74%
3 Financials 4.82%
4 Energy 0.65%
5 Utilities 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
FLG.PRU icon
1
Flagstar Bank National Association Bifurcated Option Note Unit Securities
FLG.PRU
$103M
$24.4M 56.02%
485,137
– –
2013 Q2
25 quarters
ILMN icon
2
Illumina
ILMN
$39.5B
$2.94M 6.74%
9,932
– –
2015 Q1
18 quarters
ESNT icon
3
Essent Group
ESNT
$5.78B
$2.1M 4.82%
44,099
-93,101
-68% -$4.45M
2018 Q1
6 quarters
NBR icon
4
Nabors Industries
NBR
$1.19B
$282K 0.65%
3,018
– –
2018 Q4
3 quarters
CWEN.A icon
5
DELISTED
Clearway Energy Class A
CWEN.A
– –
-590,273
Closed -$9.55M –
NEE icon
6
NextEra Energy
NEE
$166B
– –
-95,800
Closed -$4.91M –

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Waterstone Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Waterstone Capital Management held 7 positions worth $43.6M, down 32% from $64.5M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Waterstone Capital Management withdrew a net $29.4M in Q3 2019, closing 2 positions and reducing 1 holding. Its most notable exit was Clearway Energy Class A, an estimated $9.55M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 88% of assets, up from 61% a quarter earlier, followed by Healthcare and Financials.

  • Waterstone Capital Management's biggest Q3 2019 reduction was Essent Group, cutting an estimated $4.45M.
  • Waterstone Capital Management fully exited Clearway Energy Class A in Q3 2019, selling an estimated $9.55M.
  • Waterstone Capital Management's ten largest holdings make up 100% of its $43.6M portfolio in Q3 2019.
  • Waterstone Capital Management opened 0 new positions and closed 2 in Q3 2019.
  • Waterstone Capital Management's portfolio value fell 32% quarter-over-quarter to $43.6M.

Based on Waterstone Capital Management's 13F filing for Q3 2019, filed 12 Nov 2019.