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Disclosery

Waterstone Capital Management, L.P.

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

Waterstone Capital Management, L.P. reported $64,484,000 across 9 holdings for the quarter ended 2019-06-30, in a 13F-HR filed 2019-08-12.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-19-005010

Period
2019-06-30
Reported value
$64.5M
Holdings
9
Top 10 weight
100%
New
2
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CWENAadded+176,100$2.85M
ESNTadded+9,000$423K
NABORS INDUSTRIES LTDadded+2,100$6.09K

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
NEEreduced-55,500-$11.4M
CADENCE BANCORPexited-164,359-$3.05M
AMERICAN ELEC PWR CO INCexited-10,000-$511K

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 2019

Share positions as resolved from 13F-HR 0000919574-19-005010, largest first. % of portfolio is the value over $64,484,000, 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; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 485,137 shares; 2018Q2: 485,137 shares; 2018Q3: 485,137 shares; 2018Q4: 485,137 shares; 2019Q1: 485,137 shares; 2019Q2: 485,137 shares 485,137$23.3M36.18%0Timeline
CWENACLEARWAY ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: not reported; 2018Q4: not reported; 2019Q1: 414,173 shares; 2019Q2: 590,273 shares 590,273$9.55M14.81%+176,100Timeline
ESNTESSENT GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 108,000 shares; 2018Q2: 123,000 shares; 2018Q3: 60,000 shares; 2018Q4: 133,000 shares; 2019Q1: 128,200 shares; 2019Q2: 137,200 shares 137,200$6.45M10%+9,000Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: not reported; 2018Q4: 79,450 shares; 2019Q1: 79,450 shares; 2019Q2: 23,950 shares 23,950$4.91M7.61%-55,500Timeline
ILMNILLUMINA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 10,161 shares; 2018Q2: 10,161 shares; 2018Q3: 19,111 shares; 2018Q4: 9,661 shares; 2019Q1: 9,661 shares; 2019Q2: 9,661 shares 9,661$3.56M5.52%0Timeline
NABORS INDUSTRIES LTDNABORS INDUSTRIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 297,380 shares; 2018Q2: 275,480 shares; 2018Q3: not reported; 2018Q4: 148,800 shares; 2019Q1: 148,800 shares; 2019Q2: 150,900 shares 150,900$438K0.68%+2,100

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 1.000% 7/0principal10,653,000$10.5M0
TWITTER INCTWITTER INC NOTE 0.250% 9/1principal5,500,000$5.47Mnew
TESLA INCTESLA INC NOTE 2.000% 5/1principal250,000$246Knew

Sold out in Q2 2019

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

SecurityShares beforeValue beforeType
CADENCE BANCORPCADENCE BANCORP164,359$3.05Mshares
AMERICAN ELEC PWR CO INCAMERICAN ELEC PWR CO INC10,000$511Kshares

How Q2 2019 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 0000919574-19-005010 base2019-08-12acceptance time not in the bulk data set