FBR & Co.
Follow13F filer, CIK 1371446, ARLINGTON, VA
FBR & Co. reported $66,099,000 across 46 holdings for the quarter ended 2013-09-30, in a 13F-HR/A filed 2013-11-19. Its ten largest share positions make up 73.44% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001140361-13-043539
- Period
- 2013-09-30
- Reported value
- $66.1M
- Holdings
- 46
- Top 10 weight
- 73.44%
- New
- 37
- Sold out
- 38
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| AMERICAN RESIDENTIAL PROPER…new | +178,527 | $3.14M |
| STERLING FINL CORP WASHnew | +50,000 | $1.43M |
| PAA NAT GAS STORAGE L Pnew | +60,000 | $1.4M |
| CAPITALSOURCE INCnew | +110,000 | $1.31M |
| LIFE TECHNOLOGIES CORPadded | +15,000 | $1.12M |
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 |
|---|---|---|
| ALPS ETF TRexited | -294,325 | -$5.12M |
| American Residential Propexited | -231,514 | -$4.56M |
| EEMexited | -100,000 | -$3.85M |
| REGNexited | -17,000 | -$3.82M |
| PHH CORPexited | -124,600 | -$2.54M |
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 2013
Share positions as resolved from 13F-HR/A 0001140361-13-043539, largest first. % of portfolio is the value over $65,357,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| NBHCNATIONAL BK HLDGS CORP | 1,112,327 | $22.8M | 34.96% | +5 | Timeline | ||
| POWERSHARESPOWERSHARES | 198,800 | $4.91M | 7.51% | 0 | |||
| AMERICAN RESIDENTIAL PROPER…AMERICAN RESIDENTIAL PROPERTIES I… | 178,527 | $3.14M | 4.8% | new | |||
| LIFE TECHNOLOGIES CORPLIFE TECHNOLOGIES CORP | 40,000 | $2.99M | 4.58% | +15,000 | |||
| STERLING FINL CORP WASHSTERLING FINL CORP WASH | 50,000 | $1.43M | 2.19% | new | |||
| PAA NAT GAS STORAGE L PPAA NAT GAS STORAGE L P | 60,000 | $1.4M | 2.14% | new | |||
| CAPITALSOURCE INCCAPITALSOURCE INC | 110,000 | $1.31M | 2% | new | |||
| ARRAY BIOPHARMA INC COMARRAY BIOPHARMA INC COM | 113,500 | $706K | 1.08% | new | |||
| ARKANSAS BEST CORPARKANSAS BEST CORP | 22,500 | $578K | 0.88% | new | |||
| HUDSON CITY BANCORPHUDSON CITY BANCORP | 50,000 | $452K | 0.69% | new | |||
| WILLIAMS PARTNERS L PWILLIAMS PARTNERS L P | 6,600 | $349K | 0.53% | new | |||
| ENERGY TRANSFER PRTNRS L PENERGY TRANSFER PRTNRS L P | 5,800 | $302K | 0.46% | new | |||
| KINDER MORGAN ENERGY PARTNERKINDER MORGAN ENERGY PARTNER | 3,700 | $295K | 0.45% | new | |||
| ACCESS MIDSTREAM PARTNERS LACCESS MIDSTREAM PARTNERS L | 6,100 | $295K | 0.45% | new | |||
| ONEOK PARTNERS LP LTD PARTNONEOK PARTNERS LP LTD PARTN | 5,400 | $286K | 0.44% | new | |||
| PAAPLAINS ALL AMERN PIPELINE L | 5,100 | $269K | 0.41% | new | Timeline | ||
| BUCKEYE PARTNERS LP (BPL)BUCKEYE PARTNERS LP (BPL) | 4,000 | $262K | 0.4% | new | |||
| EQM MIDSTREAM PARTNERS LPEQM MIDSTREAM PARTNERS LP | 4,900 | $241K | 0.37% | new | |||
| ATLAS ENERGY LPATLAS ENERGY LP | 4,100 | $224K | 0.34% | new | |||
| EV ENERGY PARTNERS LPEV ENERGY PARTNERS LP | 5,900 | $219K | 0.34% | new | |||
| ROSE ROCK MIDSTREAM LPROSE ROCK MIDSTREAM LP | 6,000 | $192K | 0.29% | new | |||
| CQPCHENIERE ENERGY PARTNERS L P | 7,100 | $187K | 0.29% | new | Timeline | ||
| TESORO LOGISTICS LPTESORO LOGISTICS LP | 3,034 | $176K | 0.27% | new | |||
| DCP MIDSTREAM LPDCP MIDSTREAM LP | 3,525 | $175K | 0.27% | new | |||
| Targa Resources Partners, LPTarga Resources Partners, LP | 3,300 | $170K | 0.26% | new | |||
| EL PASO PIPELINE PARTNERSEL PASO PIPELINE PARTNERS | 3,700 | $156K | 0.24% | new | |||
| ALAIR LEASE CORP | 5,005 | $138K | 0.21% | -21,500 | Timeline | ||
| WESTERN GAS PARTNERS LPWESTERN GAS PARTNERS LP | 2,000 | $120K | 0.18% | new | |||
| MARKWEST ENERGY PARTNERS L PMARKWEST ENERGY PARTNERS L P | 1,500 | $108K | 0.17% | 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 |
|---|---|---|---|---|
| STANDARD PAC CORP NEWSTANDARD PAC CORP NEW COM | put | 90,600 | $717K | new |
| ARKANSAS BEST CORPARKANSAS BEST CORP COM | put | 225 | $16K | new |
| NTELOS HLDGS CORPNTELOS HLDGS CORP PUT | put | 200 | $9K | 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 |
|---|---|---|---|---|
| EXTERRAN HLDGS INC 4.250EXTERRAN HLDGS INC 4.250 NOTE 4.250% 6/1 | principal | 2,318,000 | $2.89M | new |
| NEWPARK RES INC 4.000NEWPARK RES INC 4.000 NOTE 4.000%10/0 | principal | 1,800,000 | $2.49M | new |
| CORSICANTO LTD SR CONV NT C…CORSICANTO LTD SR CONV NT CONV DT… CONVERTIBLE | principal | 2,150,000 | $2.34M | -1,000,000 |
| Starwood Property Trust, In…Starwood Property Trust, Inc. CONV | principal | 2,113,000 | $2.19M | new |
| FORESTAR GROUP INCFORESTAR GROUP INC NOTE 3.750% 3/0 | principal | 1,822,000 | $2.11M | +24,000 |
| RTI INTL METALS INC 3.000RTI INTL METALS INC 3.000 NOTE 3.000%12/0 | principal | 1,846,000 | $2.1M | 0 |
| ACCURAY INCACCURAY INC BOND | principal | 1,000,000 | $1.5M | new |
| DDR CORPDDR CORP NOTE | principal | 1,000,000 | $1.13M | new |
| WALTER INVESTMENT MANAGEMENTWALTER INVESTMENT MANAGEMENT CNV | principal | 1,000,000 | $1.05M | new |
| ENPRO INDS INCENPRO INDS INC DBCV 3.938%10/1 | principal | 561,000 | $1.03M | new |
| EXPAND ENERGY CORPEXPAND ENERGY CORP CORPORATE OBLIG | principal | 982,000 | $965K | new |
| AK STL CORPAK STL CORP NOTE 5.000%11/1 | principal | 1,015,000 | $956K | new |
| EPR PPTYSEPR PPTYS PFD C CV 5.75% | principal | 30,400 | $648K | 0 |
| HORSEHEAD HLDG CORPHORSEHEAD HLDG CORP NOTE 3.800% 7/0 | principal | 40,000 | $43K | -1,789,000 |
Sold out in Q3 2013
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| ALPS ETF TRALPS ETF TR | 294,325 | $5.12M | shares |
| American Residential PropAmerican Residential Prop | 231,514 | $4.56M | shares |
| EEMISHARES TR | 100,000 | $3.85M | shares |
| REGNREGENERON PHARMACEUTICALS | 17,000 | $3.82M | shares |
| STANDARD PAC CORP 1.250STANDARD PAC CORP 1.250 | 2,000,000 | $2.55M | principal |
| PHH CORPPHH CORP | 124,600 | $2.54M | shares |
| TWO HARBORS INVESTMENT CORPTWO HARBORS INVESTMENT CORP | 200,000 | $2.21M | shares |
| RYLAND GROUP INCRYLAND GROUP INC | 1,500,000 | $2.17M | principal |
| ALCOA INCALCOA INC | 1,228,000 | $1.56M | principal |
| ISHARES TRISHARES TR | 6,397 | $1.5M | put |
| STEWART INFO SVCS 6% CB 10/…STEWART INFO SVCS 6% CB 10/15/201… | 715,000 | $1.5M | principal |
| RTI INTL METALS INCRTI INTL METALS INC | 1,493,000 | $1.41M | principal |
| PFEPFIZER INC | 40,000 | $1.12M | shares |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 1,000,000 | $987K | principal |
| SMITHFIELD FOODS INCSMITHFIELD FOODS INC | 30,000 | $983K | shares |
| VOLCANO CORPVOLCANO CORP | 1,000,000 | $913K | principal |
| COLONY FINL INCCOLONY FINL INC | 832,000 | $847K | principal |
| STARWOOD PROPERTY TRUST INCSTARWOOD PROPERTY TRUST INC | 625,000 | $644K | principal |
| LEUCADIA NATIONAL CORPLEUCADIA NATIONAL CORP | 500,000 | $632K | principal |
| SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO | 16,000 | $584K | shares |
| TELEFLEX INCTELEFLEX INC | 422,000 | $570K | principal |
| LINEAR TECHNOLOGY CORPLINEAR TECHNOLOGY CORP | 9,080 | $335K | shares |
| SYKSTRYKER CORPORATION | 4,930 | $319K | shares |
| PFIZER INCPFIZER INC | 400 | $278K | put |
| ARRAY BIOPHARMA INCARRAY BIOPHARMA INC | 250,000 | $238K | principal |
| ANNALY CAP MGMT INCANNALY CAP MGMT INC | 160,000 | $161K | principal |
| TRIPTRIPADVISOR INC | 1,927 | $117K | shares |
| GREEN PLAINS RENEWABLE ENERGGREEN PLAINS RENEWABLE ENERG | 102,000 | $117K | principal |
| ENPRO INDS INCENPRO INDS INC | 61,000 | $97K | shares |
| SYYSYSCO CORP | 2,200 | $75K | shares |
| CAPITAL BANK FINANCIAL CORPCAPITAL BANK FINANCIAL CORP | 3,774 | $72K | shares |
| ZTSZOETIS INC | 2,000 | $62K | shares |
| TOWER GROUP INTERNATIONAL LTTOWER GROUP INTERNATIONAL LT | 2,500 | $51K | shares |
| CARBO CERAMICS INCCARBO CERAMICS INC | 289 | $19K | shares |
| SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO | 438 | $18K | put |
| ENERGY TRANSFER PARTNERS LPENERGY TRANSFER PARTNERS LP | 100 | $10K | call |
| CMRECOSTAMARE INC | 171 | $3K | shares |
| EXTERRAN HLDGS INCEXTERRAN HLDGS INC | 100 | $3K | shares |
How Q3 2013 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 0001140361-13-041055 | superseded | 2013-11-07 | acceptance time not in the bulk data set | ||
| 13F-HR/A 0001140361-13-043539 | base | restatement | 2013-11-19 | acceptance time not in the bulk data set |