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Waterstone Capital Management, L.P.

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13F filer, CIK 1512370, ST. LOUIS PARK, MN

Waterstone Capital Management, L.P. reported $64,732,000 across 10 holdings for the quarter ended 2018-09-30, in a 13F-HR filed 2018-11-13.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-18-007110

Period
2018-09-30
Reported value
$64.7M
Holdings
10
Top 10 weight
100%
New
4
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ILMNadded+8,950$3.29M
KREnew+35,000$2.08M

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
BANK OF THE OZARKSexited-138,000-$6.22M
TERreduced-147,800-$5.47M
ESNTreduced-63,000-$2.79M
STATE BANK FINL CORP COMreduced-68,820-$2.08M
NMIHexited-114,822-$1.87M

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 2018

Share positions as resolved from 13F-HR 0000919574-18-007110, largest first. % of portfolio is the value over $64,732,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FLG-PUFLAGSTAR BANK NATIONAL ASSOCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 485,137 shares; 2018Q2: 485,137 shares; 2018Q3: 485,137 shares 485,137$24.2M37.32%0Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 10,161 shares; 2018Q2: 10,161 shares; 2018Q3: 19,111 shares 19,111$7.01M10.84%+8,950Timeline
STATE BANK FINL CORP COMSTATE BANK FINL CORP COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 198,135 shares; 2018Q2: 198,135 shares; 2018Q3: 129,315 shares 129,315$3.9M6.03%-68,820
TERTERADYNE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 255,900 shares; 2018Q2: 243,900 shares; 2018Q3: 96,100 shares 96,100$3.55M5.49%-147,800Timeline
ESNTESSENT GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 108,000 shares; 2018Q2: 123,000 shares; 2018Q3: 60,000 shares 60,000$2.65M4.1%-63,000Timeline
KRESPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 35,000 shares 35,000$2.08M3.21%newTimeline

Principal amounts

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

SecurityTypeAmountValueChange
CTRIP COM INTL LTDCTRIP COM INTL LTD NOTE 1.250%10/1principal9,424,000$9.45M0
CTRIP COM INTL LTDCTRIP COM INTL LTD NOTE 1.000% 7/0principal6,653,000$6.54Mnew
CWENCLEARWAY ENERGY INC Stockprincipal185,714$3.58Mnew
NABORS INDUSTRIES LTDNABORS INDUSTRIES LTD SHSprincipal292,980$1.8Mnew

Sold out in Q3 2018

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

SecurityShares beforeValue beforeType
WORKDAY INCWORKDAY INC18,000,000$26.9Mprincipal
BANK OF THE OZARKSBANK OF THE OZARKS138,000$6.22Mshares
NMIHNMI HLDGS INC114,822$1.87Mshares
NABORS INDUSTRIES LTDNABORS INDUSTRIES LTD275,480$1.77Mshares
NRG YIELD INCNRG YIELD INC100,684$1.72Mshares

How Q3 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000919574-18-007110 base2018-11-13acceptance time not in the bulk data set