Waterstone Capital Management, L.P.
Follow13F filer, CIK 1512370, ST. LOUIS PARK, MN
Waterstone Capital Management, L.P. reported $97,531,000 across 11 holdings for the quarter ended 2018-06-30, in a 13F-HR filed 2018-08-13. Its ten largest share positions make up 98.24% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-18-005282
- Period
- 2018-06-30
- Reported value
- $97.5M
- Holdings
- 11
- Top 10 weight
- 98.24%
- New
- 0
- Sold out
- 5
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| BANK OF THE OZARKSadded | +71,300 | $3.21M |
| ESNTadded | +15,000 | $537K |
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 |
|---|---|---|
| CITRIX SYSTEMS INCexited | -68,200 | -$6.33M |
| NRG YIELD INCreduced | -116,392 | -$1.98M |
| KRexited | -82,500 | -$1.98M |
| CENTERSTATE BK CORPexited | -63,627 | -$1.69M |
| SFMexited | -65,000 | -$1.53M |
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, Q2 2018
Share positions as resolved from 13F-HR 0000919574-18-005282, largest first. % of portfolio is the value over $97,533,000, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| FLG-PUFLAGSTAR BANK NATIONAL ASSOC | 485,137 | $24.4M | 25.06% | 0 | Timeline | ||
| TERTERADYNE INC | 243,900 | $9.29M | 9.52% | -12,000 | Timeline | ||
| STATE BANK FINL CORP COMSTATE BANK FINL CORP COM | 198,135 | $6.62M | 6.79% | 0 | |||
| BANK OF THE OZARKSBANK OF THE OZARKS | 138,000 | $6.22M | 6.37% | +71,300 | |||
| ESNTESSENT GROUP LTD | 123,000 | $4.41M | 4.52% | +15,000 | Timeline | ||
| ILMNILLUMINA INC | 10,161 | $2.84M | 2.91% | 0 | Timeline | ||
| NMIHNMI HLDGS INC | 114,822 | $1.87M | 1.92% | -19,479 | Timeline | ||
| NABORS INDUSTRIES LTDNABORS INDUSTRIES LTD | 275,480 | $1.77M | 1.81% | -21,900 | |||
| NRG YIELD INCNRG YIELD INC | 100,684 | $1.72M | 1.76% | -116,392 |
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 |
|---|---|---|---|---|
| WORKDAY INCWORKDAY INC NOTE 0.750% 7/1 | principal | 18,000,000 | $26.9M | 0 |
| CTRIP COM INTL LTDCTRIP COM INTL LTD NOTE 1.250%10/1 | principal | 9,424,000 | $11.5M | +5,924,000 |
Sold out in Q2 2018
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| CTRIP COM INTL LTDCTRIP COM INTL LTD | 6,768,000 | $7.29M | principal |
| CITRIX SYSTEMS INCCITRIX SYSTEMS INC | 68,200 | $6.33M | shares |
| KRKROGER CO | 82,500 | $1.98M | shares |
| CENTERSTATE BK CORPCENTERSTATE BK CORP | 63,627 | $1.69M | shares |
| SFMSPROUTS FMRS MKT INC | 65,000 | $1.53M | shares |
How Q2 2018 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 0000919574-18-005282 | base | 2018-08-13 | acceptance time not in the bulk data set |