Algebris Investments (UK) LLP
Follow13F filer, CIK 1426665, London, United Kingdom
Algebris Investments (UK) LLP reported $570,405,000 across 63 holdings for the quarter ended 2016-09-30, in a 13F-HR filed 2016-11-14. Its ten largest share positions make up 76.02% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001426665-16-000017
- Period
- 2016-09-30
- Reported value
- $570M
- Holdings
- 63
- Top 10 weight
- 76.02%
- New
- 27
- Sold out
- 30
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| WFCadded | +144,900 | $6.42M |
| KREnew | +70,800 | $2.99M |
| KEYadded | +224,550 | $2.73M |
| PNCadded | +22,450 | $2.02M |
| VOYAadded | +64,350 | $1.85M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| KKR & CO LPreduced | -470,650 | -$6.71M |
| LAZARD LTD-CLASS Areduced | -149,129 | -$5.42M |
| METreduced | -113,745 | -$5.05M |
| MSexited | -144,700 | -$3.76M |
| JPMreduced | -55,000 | -$3.66M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q3 2016
Share positions as resolved from 13F-HR 0001426665-16-000017, largest first. % of portfolio is the value over $512,853,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| CCITIGROUP INC | 302,518 | $14.3M | 2.79% | +29,800 | Timeline | ||
| WFCWELLS FARGO & CO | 299,750 | $13.3M | 2.59% | +144,900 | Timeline | ||
| BACBANK OF AMER CORP | 734,088 | $11.5M | 2.24% | +2,450 | Timeline | ||
| ROYAL BANK SCOTLAND GRP PLC…ROYAL BANK SCOTLAND GRP PLC 6.6% … | 378,313 | $9.55M | 1.86% | 0 | |||
| KKR & CO LPKKR & CO LP | 562,220 | $8.02M | 1.56% | -470,650 | |||
| FORTRESS INVT GROUP LLC CL AFORTRESS INVT GROUP LLC CL A | 1,369,890 | $6.77M | 1.32% | +77,100 | |||
| VOYAVOYA FINANCIAL INC | 218,450 | $6.3M | 1.23% | +64,350 | Timeline | ||
| PRUPRUDENTIAL FINL INC | 62,060 | $5.07M | 0.99% | -28,450 | Timeline | ||
| CARLYLE GROUP L PCARLYLE GROUP L P | 301,381 | $4.69M | 0.92% | -98,931 | |||
| KEYKEYCORP | 361,500 | $4.4M | 0.86% | +224,550 | Timeline | ||
| BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE | 171,300 | $4.37M | 0.85% | -72,300 | |||
| COFCAPITAL ONE FINL CORP | 55,733 | $4M | 0.78% | -33,320 | Timeline | ||
| PNCPNC FINL SVCS GROUP INC | 43,850 | $3.95M | 0.77% | +22,450 | Timeline | ||
| METMETLIFE INC | 88,830 | $3.95M | 0.77% | -113,745 | Timeline | ||
| LAZARD LTD-CLASS ALAZARD LTD-CLASS A | 82,492 | $3M | 0.58% | -149,129 | |||
| KRESPDR SERIES TRUST | 70,800 | $2.99M | 0.58% | new | Timeline | ||
| HBANHUNTINGTON BANCSHARES INC | 300,550 | $2.96M | 0.58% | -29,800 | Timeline | ||
| FITBFIFTH THIRD BANCORP | 144,463 | $2.96M | 0.58% | -153,900 | Timeline | ||
| MTGMGIC INVT CORP WIS | 299,200 | $2.39M | 0.47% | -102,700 | Timeline | ||
| MFCMANULIFE FINL CORP | 140,408 | $1.98M | 0.39% | -49,032 | Timeline | ||
| INGING GROEP N.V. | 148,500 | $1.83M | 0.36% | new | Timeline | ||
| CFGCITIZENS FINL GROUP INC | 63,200 | $1.56M | 0.3% | -18,800 | Timeline | ||
| MTBM & T BK CORP | 12,883 | $1.5M | 0.29% | new | Timeline | ||
| RFREGIONS FINANCIAL CORP NEW | 149,600 | $1.48M | 0.29% | new | Timeline | ||
| SANBANCO SANTANDER SA | 283,600 | $1.25M | 0.24% | new | Timeline | ||
| RDNRADIAN GROUP INC | 89,694 | $1.22M | 0.24% | -41,006 | Timeline | ||
| LENLENNAR CORP | 24,300 | $1.03M | 0.2% | new | Timeline | ||
| JPMJPMORGAN CHASE & CO | 13,049 | $869K | 0.17% | -55,000 | Timeline | ||
| FNBF N B CORP | 64,100 | $788K | 0.15% | new | Timeline | ||
| CALATLANTIC GROUP INCCALATLANTIC GROUP INC | 22,200 | $742K | 0.14% | new | |||
| HIGHARTFORD INSURANCE GROUP INC | 16,300 | $698K | 0.14% | new | Timeline | ||
| EUFNISHARES TR | 40,000 | $686K | 0.13% | new | Timeline | ||
| SBCFSEACOAST BKG CORP FLA | 42,000 | $676K | 0.13% | new | Timeline | ||
| TOLTOLL BROTHERS INC | 18,200 | $543K | 0.11% | new | Timeline | ||
| DHID R HORTON INC | 17,750 | $536K | 0.1% | new | Timeline | ||
| AMGAFFILIATED MANAGERS GROUP | 3,600 | $521K | 0.1% | -3,300 | Timeline | ||
| ALLYALLY FINL INC | 25,500 | $496K | 0.1% | new | Timeline | ||
| WILLIAM LYON HOMES-CL AWILLIAM LYON HOMES-CL A | 24,300 | $451K | 0.09% | new | |||
| FCB Financial Holdings Inc …FCB Financial Holdings Inc Cla | 11,500 | $442K | 0.09% | new | |||
| GSGOLDMAN SACHS GROUP INC | 2,500 | $403K | 0.08% | -16,190 | Timeline | ||
| BANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATION | 84,800 | $392K | 0.08% | -148,400 | |||
| SANTANDER CONSUMER USA HOLD…SANTANDER CONSUMER USA HOLDINGS | 28,650 | $348K | 0.07% | new |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| AMZNAMAZON COM INC COM | put | 21,300 | $17.8M | new |
| XLFSELECT SECTOR SPDR TR SHS | put | 662,500 | $12.8M | new |
| EEMISHARES TR MSCI EMG MKT ETF | put | 227,000 | $8.5M | new |
| KRESPDR SERIES TRUST ST STR SP REGBNK | call | 100,000 | $4.23M | new |
| JPMJPMORGAN CHASE & CO COM | put | 60,000 | $4M | new |
| RYROYAL BK CDA Stock | put | 50,000 | $3.1M | new |
| PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit Ser COM | put | 17,000 | $2.02M | new |
| BACBANK OF AMER CORP COM | call | 125,000 | $1.96M | -111,000 |
| METMETLIFE INC Stock | call | 40,000 | $1.78M | -56,100 |
| TWITTER INCTWITTER INC COM | call | 37,500 | $864K | new |
| SWKSSKYWORKS SOLUTIONS INC Stock | put | 6,500 | $495K | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| ROYAL BK SCOTLAND GROUP PLCROYAL BK SCOTLAND GROUP PLC NOTE 8.625%12/3 | principal | 92,300,000 | $91.4M | new |
| HSBC HLDGS PLCHSBC HLDGS PLC NOTE 6.875%12/3 | principal | 81,900,000 | $85.9M | +600,000 |
| ROYAL BK OF SCOTLAND PLCROYAL BK OF SCOTLAND PLC DEBT 7.500%12/3 | principal | 46,800,000 | $42.6M | -1,000,000 |
| ING GROEP N VING GROEP N V DBCV 6.500%12/2 | principal | 34,750,000 | $33.9M | -4,350,000 |
| ROYAL BK OF SCOTLAND PLCROYAL BK OF SCOTLAND PLC NOTE 8.000%12/3 | principal | 34,200,000 | $32M | 0 |
| SOCIETE GENERALESOCIETE GENERALE DEBT 8.250%12/3 | principal | 30,590,000 | $31.2M | 0 |
| BARCLAYS PLCBARCLAYS PLC NOTE 8.250%12/3 | principal | 28,800,000 | $29M | +2,400,000 |
| PENNYMAC CORPPENNYMAC CORP NOTE 5.375% 5/0 | principal | 16,997,000 | $16.3M | 0 |
| BARCLAYS PLCBARCLAYS PLC PRFD 6.625%12/3 | principal | 11,500,000 | $10.6M | -600,000 |
| ING GROEP N VING GROEP N V DBCV 6.000%12/2 | principal | 5,250,000 | $5.12M | -3,000,000 |
Sold out in Q3 2016
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| HYGISHARES TR | 857,000 | $72.6M | put |
| CMCANADIAN IMPERIAL BANK OF CO | 281,000 | $21.1M | put |
| STANDARD CHARTERED PLCSTANDARD CHARTERED PLC | 16,650,000 | $15.3M | principal |
| IYRISHARES TR | 120,000 | $9.88M | put |
| PRUPRUDENTIAL FINL INC | 75,000 | $5.35M | call |
| IWMISHARES TR | 46,500 | $5.35M | put |
| MSMORGAN STANLEY | 144,700 | $3.76M | shares |
| WFCWELLS FARGO & CO | 70,000 | $3.31M | call |
| ROYAL BANK OF SCOTLAND GROU…ROYAL BANK OF SCOTLAND GROUP PLC | 131,000 | $3.3M | shares |
| ANNALY CAPITAL MANAGEMENTANNALY CAPITAL MANAGEMENT | 237,500 | $2.63M | put |
| BXMTBLACKSTONE MORTGAGE TRUST IN | 91,877 | $2.54M | shares |
| CCITIGROUP INC | 57,000 | $2.42M | call |
| XLFSELECT SECTOR SPDR TR | 100,000 | $2.29M | call |
| LNCLINCOLN NATL CORP IND | 57,000 | $2.21M | call |
| BRK-BBERKSHIRE HATHAWAY INC DEL | 15,000 | $2.17M | put |
| RDNRADIAN GROUP INC | 200,000 | $2.08M | call |
| PMTPENNYMAC MTG INVT TR | 116,222 | $1.89M | shares |
| ANWORTH MORTGAGE ASSET CPANWORTH MORTGAGE ASSET CP | 340,987 | $1.6M | shares |
| KKR & CO LPKKR & CO LP | 122,000 | $1.5M | call |
| LNCLINCOLN NATL CORP IND | 38,700 | $1.5M | shares |
| STWDSTARWOOD PPTY TR INC | 45,175 | $936K | shares |
| BNYBANK OF NY MELLON CORP | 23,700 | $921K | shares |
| USBUS BANCORP | 19,600 | $790K | shares |
| XLPSELECT SECTOR SPDR TR | 12,500 | $689K | put |
| BCSBARCLAYS PLC | 85,500 | $650K | call |
| ROYAL BK SCOTLAND GROUP PLCROYAL BK SCOTLAND GROUP PLC | 25,000 | $628K | shares |
| JLLJONES LANG LASALLE INC | 5,600 | $546K | shares |
| PENNYMAC FINANCIAL SERVICE-APENNYMAC FINANCIAL SERVICE-A | 36,200 | $452K | shares |
| DISCOVER FINANCIAL SERVICESDISCOVER FINANCIAL SERVICES | 5,800 | $311K | shares |
| IVZINVESCO LTD | 11,250 | $287K | shares |
How Q3 2016 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001426665-16-000017 | base | 2016-11-14 | acceptance time not in the bulk data set |