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Algebris Investments (UK) LLP

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13F filer, CIK 1426665, London, United Kingdom

Algebris Investments (UK) LLP reported $926,331,000 across 69 holdings for the quarter ended 2017-03-31, in a 13F-HR filed 2017-05-11. Its ten largest share positions make up 65.56% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001426665-17-000006

Period
2017-03-31
Reported value
$926M
Holdings
69
Top 10 weight
65.56%
New
31
Sold out
34

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Cadded+256,285$15.3M
WELLS FARGO & COadded+11,300$14M
WFCadded+233,102$13M
METadded+210,709$11.1M
FITBadded+322,218$8.18M

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

SecurityShares changeApprox. value
Lincoln National Corporatreduced-238,450-$8.61M
AMPexited-62,881-$6.98M
FORTRESS INVT GROUP LLC CL Aexited-1,055,297-$5.13M
VOYAexited-127,650-$5.01M
KKR & CO LPexited-271,550-$4.18M

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, Q1 2017

Share positions as resolved from 13F-HR 0001426665-17-000006, largest first. % of portfolio is the value over $611,659,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 156,670 shares; 2016Q2: 154,850 shares; 2016Q3: 299,750 shares; 2016Q4: 228,848 shares; 2017Q1: 461,950 shares 461,950$25.7M4.2%+233,102Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 288,668 shares; 2016Q2: 272,718 shares; 2016Q3: 302,518 shares; 2016Q4: 131,038 shares; 2017Q1: 387,323 shares 387,323$23.2M3.79%+256,285Timeline
WELLS FARGO & COWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: 4,000 shares; 2017Q1: 15,300 shares 15,300$19M3.1%+11,300
ROYAL BANK SCOTLAND GRP PLC…ROYAL BANK SCOTLAND GRP PLC 6.6% …Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 394,204 shares; 2016Q2: 378,313 shares; 2016Q3: 378,313 shares; 2016Q4: 766,641 shares; 2017Q1: 666,080 shares 666,080$16.9M2.76%-100,561
BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 103,000 shares; 2016Q2: 243,600 shares; 2016Q3: 171,300 shares; 2016Q4: 359,150 shares; 2017Q1: 566,200 shares 566,200$16.8M2.75%+207,050
METMETLIFE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 230,010 shares; 2016Q2: 202,575 shares; 2016Q3: 88,830 shares; 2016Q4: 45,421 shares; 2017Q1: 256,130 shares 256,130$13.5M2.21%+210,709Timeline
DISCOVER FINANCIAL SERVICESDISCOVER FINANCIAL SERVICESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 176,055 shares; 2016Q2: 5,800 shares; 2016Q3: not reported; 2016Q4: 70,800 shares; 2017Q1: 168,850 shares 168,850$11.5M1.89%+98,050
FITBFIFTH THIRD BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 277,063 shares; 2016Q2: 298,363 shares; 2016Q3: 144,463 shares; 2016Q4: 9,582 shares; 2017Q1: 331,800 shares 331,800$8.43M1.38%+322,218Timeline
E TRADE FINANCIAL CORPE TRADE FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 222,400 shares 222,400$7.76M1.27%new
HBANHUNTINGTON BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 449,000 shares; 2016Q2: 330,350 shares; 2016Q3: 300,550 shares; 2016Q4: 79,100 shares; 2017Q1: 567,800 shares 567,800$7.6M1.24%+488,700Timeline
BNYBANK OF NY MELLON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 15,900 shares; 2016Q2: 23,700 shares; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 147,000 shares 147,000$6.94M1.14%newTimeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 892,738 shares; 2016Q2: 731,638 shares; 2016Q3: 734,088 shares; 2016Q4: 340,838 shares; 2017Q1: 277,688 shares 277,688$6.55M1.07%-63,150Timeline
RFREGIONS FINANCIAL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: 149,600 shares; 2016Q4: 17,832 shares; 2017Q1: 423,400 shares 423,400$6.15M1.01%+405,568Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 132,549 shares; 2016Q2: 68,049 shares; 2016Q3: 13,049 shares; 2016Q4: not reported; 2017Q1: 69,400 shares 69,400$6.1M1%newTimeline
PMTPENNYMAC MTG INVT TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: 116,222 shares; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 225,000 shares 225,000$6.04M0.99%newTimeline
CARLYLE GROUP L PCARLYLE GROUP L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 919,306 shares; 2016Q2: 400,312 shares; 2016Q3: 301,381 shares; 2016Q4: 246,753 shares; 2017Q1: 358,097 shares 358,097$5.71M0.93%+111,344
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: 401,900 shares; 2016Q3: 299,200 shares; 2016Q4: not reported; 2017Q1: 554,000 shares 554,000$5.61M0.92%newTimeline
KRESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: 70,800 shares; 2016Q4: not reported; 2017Q1: 89,400 shares 89,400$4.88M0.8%newTimeline
MFCMANULIFE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: 189,440 shares; 2016Q3: 140,408 shares; 2016Q4: 230,700 shares; 2017Q1: 251,900 shares 251,900$4.46M0.73%+21,200Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 32,709 shares; 2016Q2: 89,053 shares; 2016Q3: 55,733 shares; 2016Q4: 19,194 shares; 2017Q1: 46,450 shares 46,450$4.03M0.66%+27,256Timeline
ABALLIANCEBERNSTEIN HLDG L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 176,164 shares 176,164$4.03M0.66%newTimeline
Lincoln National CorporatLincoln National CorporatQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: 338,100 shares; 2017Q1: 99,650 shares 99,650$3.6M0.59%-238,450
LNCLINCOLN NATL CORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 79,800 shares; 2016Q2: 38,700 shares; 2016Q3: not reported; 2016Q4: 3,846 shares; 2017Q1: 53,050 shares 53,050$3.47M0.57%+49,204Timeline
BPOPPOPULAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 81,616 shares 81,616$3.32M0.54%newTimeline
STTSTATE STR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: 6,800 shares; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: 3,158 shares; 2017Q1: 37,550 shares 37,550$2.99M0.49%+34,392Timeline
CNSCOHEN & STEERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: 82,228 shares; 2017Q1: 65,393 shares 65,393$2.61M0.43%-16,835Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 23,000 shares 23,000$1.82M0.3%newTimeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 44,450 shares 44,450$1.81M0.3%newTimeline
TCF FINL CORPTCF FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: 86,020 shares; 2017Q1: 89,350 shares 89,350$1.52M0.25%+3,330
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 8,800 shares 8,800$1.51M0.25%newTimeline
CNOCNO FINL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: 141,007 shares; 2017Q1: 73,100 shares 73,100$1.5M0.25%-67,907Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 9,300 shares 9,300$1.05M0.17%newTimeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 11,050 shares 11,050$982K0.16%newTimeline
ROOKLINE BANCORP INC DELROOKLINE BANCORP INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 36,000 shares 36,000$563K0.09%new
CBL & ASSOCIATES PROPERTIES…CBL & ASSOCIATES PROPERTIES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 55,700 shares 55,700$531K0.09%new
WASHINGTONFIRST BANKSHARES IWASHINGTONFIRST BANKSHARES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q2: restricted; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: not reported; 2016Q2: not reported; 2016Q3: not reported; 2016Q4: not reported; 2017Q1: 17,000 shares 17,000$476K0.08%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).

SecurityTypeAmountValueChange
IWMISHARES TR SHSput950,000$131Mnew
XLFSELECT SECTOR SPDR TR SHSput2,172,000$51.5M+1,517,000
EEMISHARES TR MSCI EMG MKT ETFput500,000$19.7M+330,000
RYROYAL BK CDA Stockput228,000$16.6Mnew
KRESPDR SERIES TRUST ST STR SP REGBNKcall272,500$14.9Mnew
CMCANADIAN IMPERIAL BANK OF CO Stockput150,000$12.9M+90,000
BACBANK OF AMER CORP COMcall470,000$11.1M+380,000
CCITIGROUP INC COMcall134,000$8.02Mnew
USMVISHARES TR SHSput164,000$7.83Mnew
METMETLIFE INC Stockcall100,000$5.28Mnew
JPMJPMORGAN CHASE & CO COMcall56,800$4.99Mnew
WFCWELLS FARGO & CO COMcall80,000$4.45Mnew
HIGHARTFORD INSURANCE GROUP INC Stockcall90,000$4.33Mnew
BRK-BBERKSHIRE HATHAWAY INC DEL COMput25,000$4.17Mnew
ABBNYABB LTD-SPON ADR SPONSORED ADRcall170,000$3.98Mnew
KRESPDR SERIES TRUST ST STR SP REGBNKput60,000$3.28M-370,500
GSGOLDMAN SACHS GROUP INC COMcall11,100$2.55Mnew
CACCCREDIT ACCEP CORP MICH COMput12,500$2.49Mnew
BLACKSTONE GROUP LP/THEBLACKSTONE GROUP LP/THE COM UNIT LTDcall75,000$2.23M-25,000
CARLYLE GROUP L PCARLYLE GROUP L P COM UTS LTD PTNcall100,000$1.59Mnew
GSGOLDMAN SACHS GROUP INC COMput5,000$1.15M-5,000
BANCBANC OF CALIFORNIA INC COMMON STOCKput50,000$1.03M0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
ROYAL BK SCOTLAND GROUP PLCROYAL BK SCOTLAND GROUP PLC NOTE 8.625%12/3principal96,950,000$101M+4,000,000
HSBC HLDGS PLCHSBC HLDGS PLC NOTE 6.875%12/3principal59,000,000$62.9M-22,400,000
ROYAL BK OF SCOTLAND PLCROYAL BK OF SCOTLAND PLC DEBT 7.500%12/3principal46,800,000$46.2M0
ROYAL BK OF SCOTLAND PLCROYAL BK OF SCOTLAND PLC NOTE 8.000%12/3principal34,200,000$34.1M0
ING GROEP N VING GROEP N V DBCV 6.500%12/2principal29,750,000$29.6M-5,000,000
SOCIETE GENERALESOCIETE GENERALE DEBT 8.250%12/3principal25,590,000$26.8M-5,000,000
PENNYMAC CORPPENNYMAC CORP NOTE 5.375% 5/0principal26,997,000$26.1M+10,000,000
BARCLAYS PLCBARCLAYS PLC NOTE 8.250%12/3principal23,800,000$25.1M-5,000,000
BARCLAYS PLCBARCLAYS PLC PRFD 6.625%12/3principal11,500,000$11.5M0
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 2.875% 3/1principal8,000,000$7.13Mnew
ING GROEP N VING GROEP N V DBCV 6.000%12/2principal2,250,000$2.25M0

Sold out in Q1 2017

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
EEMISHARES TR590,000$20.7Mcall
AMPAMERIPRISE FINL INC62,881$6.98Mshares
XLPSELECT SECTOR SPDR TR100,000$5.17Mput
FORTRESS INVT GROUP LLC CL AFORTRESS INVT GROUP LLC CL A1,055,297$5.13Mshares
VOYAVOYA FINANCIAL INC127,650$5.01Mshares
KKR & CO LPKKR & CO LP271,550$4.18Mshares
GLDSPDR GOLD TR36,500$4Mcall
Apollo Global ManagementApollo Global Management206,640$4Mshares
PRUPRUDENTIAL FINL INC32,794$3.41Mshares
OAKTREE CAP GROUP LLCOAKTREE CAP GROUP LLC78,800$2.96Mshares
AMGAFFILIATED MANAGERS GROUP20,300$2.95Mshares
ASTORIA FINANCIAL CORPASTORIA FINANCIAL CORP139,200$2.6Mshares
ALLYALLY FINL INC136,450$2.6Mshares
SANTANDER CONSUMER USA HOLD…SANTANDER CONSUMER USA HOLDINGS169,400$2.29Mshares
CMACOMERICA INC30,000$2.04Mput
DHID R HORTON INC73,350$2Mshares
BBVABANCO BILBAO VIZCAYA ARGENTA278,000$1.88Mshares
IVZINVESCO LTD56,400$1.71Mshares
JPCNUVEEN PFD & INCOME OPPORTUN162,731$1.6Mshares
AGNCAGNC INVT CORP82,000$1.49Mshares
AIGAMERICAN INTL GROUP INC15,000$980Kshares
VIRTVIRTU FINL INC49,150$784Kshares
LENLENNAR CORP16,600$713Kshares
TWITTER INCTWITTER INC37,500$611Kcall
SWKSSKYWORKS SOLUTIONS INC6,500$485Kput
ZIONZIONS BANCORPORATION NATL AS6,165$265Kshares
MTBM & T BK CORP1,697$265Kshares
GSGOLDMAN SACHS GROUP INC1,094$262Kshares
KEYKEYCORP14,125$258Kshares
BB & T CORPBB & T CORP5,491$258Kshares
UNMUNUM GROUP5,831$256Kshares
USBUS BANCORP4,958$255Kshares
AFLAFLAC INC3,662$255Kshares
MSMORGAN STANLEY5,939$251Kshares

How Q1 2017 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001426665-17-000006 base2017-05-11acceptance time not in the bulk data set