Waterstone Capital Management
Latest statistics and disclosures from Waterstone Capital Management's latest quarterly 13F-HR filing:
- Top 5 stock holdings are Verisign Inc sdcv 3.250% 8/1, Microchip Technology Inc sdcv 2.125%12/1, Exterran Hldgs Inc note 4.250% 6/1, Cobalt Intl Energy Inc note, Chesapeake Energy Corp note 2.500% 5/1. These five stock positions account for 50.26% of Waterstone Capital Management's total stock portfolio.
- Added to shares of Starwood Property Trust note (+$34.65M), Hornbeck Offshore Svcs Inc N frnt 1.625%11/1 (+$25.07M), UTHR (+$20.87M), LCC (+$11.03M), Exterran Hldgs Inc note 4.250% 6/1 (+$10.61M), Microchip Technology Inc sdcv 2.125%12/1 (+$5.68M), MASI (+$5.40M), JAH, HOLX, SSP.
- Started new stock positions in UTHR, LCC, MASI, ORI, SSP, Starwood Property Trust note, JAH, Hornbeck Offshore Svcs Inc N frnt 1.625%11/1, Sanofi Aventis Wi Conval Rt, Chesapeake Energy Corp note 2.250%12/1.
- Reduced shares in these stocks: Netapp Inc note 1.750% 6/0 (-$108.95M), Advanced Micro Devices Inc note 6.000% 5/0 (-$56.01M), Air Lease (-$30.22M), BSX (-$28.50M), Potash Corp. Of Saskatchewan I (-$20.34M), Cobalt Intl Energy (-$10.44M), Lucent Technologies Inc dbcv 2.875% 6/1 (-$10.00M), FRX (-$9.89M), United Cmnty Bks Ga Cap Stk (-$9.74M), Energy Xxi (-$8.90M).
- Sold out of its positions in BSX, Cobalt Intl Energy, FRX, GNW, MU, Potash Corp. Of Saskatchewan I, CODE, United Cmnty Bks Ga Cap Stk, Walter Invt Mgmt Corp note, Energy Xxi.
- As of March 31, 2013, Waterstone Capital Management has $1.46B in assets under management (AUM). Assets under management dropped from a total value of $1.52B to $1.46B.
- Independent of market fluctuations, Waterstone Capital Management was a net seller by $185.11M worth of stocks in the most recent quarter.
Waterstone Capital Management portfolio companies for quarter ending March 2013
| Ticker | Name | Portfolio Weight | Change | Share Count | Price | Last Trade |
|---|---|---|---|---|---|---|
| Verisign Inc sdcv 3.250% 8/1 | 17.53 | 173000000 | 1.48 | 0.00 | ||
| Microchip Technology Inc sdcv 2.125%12/1 | 13.34 | +3.00% | 137199000 | 1.42 | 0.00 | |
| Exterran Hldgs Inc note 4.250% 6/1 | 6.78 | +11.00% | 77966000 | 1.27 | 0.00 | |
| Cobalt Intl Energy Inc note | 6.36 | -2.00% | 83000000 | 1.12 | 0.00 | |
| Chesapeake Energy Corp note 2.500% 5/1 | 6.26 | 96200000 | 0.95 | 0.00 | ||
| Xilinx Inc sdcv 3.125% 3/1 | 6.19 | 67466000 | 1.34 | 0.00 | ||
| Advanced Micro Devices Inc note 6.000% 5/0 | 4.36 | -46.00% | 63662000 | 1.00 | 0.00 | |
| Lucent Technologies Inc dbcv 2.875% 6/1 | 4.00 | -14.00% | 58454000 | 1.00 | 0.00 | |
| New York Cmnty Cap Tr V unit 99/99/9999 | 3.73 | 1113527 | 48.98 | 0.00 | ||
| Dendreon Corp note | 3.02 | +3.00% | 55812000 | 0.79 | 0.00 | |
| PCLN | priceline.com Incorporated | 2.98 | +5.00% | 63166 | 688.16 | 840.81 |
| GM | General Motors Company | 2.56 | -2.00% | 1345001 | 27.82 | 33.72 |
| State Street Bank Financial | 2.42 | 2156797 | 16.37 | 0.00 | ||
| Aspen Insurance Holdings Ltd pfd prp inc eq | 2.38 | 522737 | 66.48 | 0.00 | ||
| Starwood Property Trust note | 2.37 | NEW | 31500000 | 1.10 | 0.00 | |
| Air Lease | 2.04 | -50.00% | 1015584 | 29.32 | 0.00 | |
| Hornbeck Offshore Svcs Inc N frnt 1.625%11/1 | 1.72 | NEW | 23215000 | 1.08 | 0.00 | |
| UTHR | United Therapeutics Corporation | 1.43 | NEW | 342913 | 60.87 | 69.17 |
| HOLX | Hologic | 1.39 | +19.00% | 897500 | 22.60 | 21.38 |
| SPF | Standard Pacific | 1.16 | 1963593 | 8.64 | 9.55 | |
| Zions Bancorporation *w exp 05/22/202 | 1.06 | 3293281 | 4.70 | 0.00 | ||
| Synovus Finl Corp unit 99/99/9999 | 0.92 | 557700 | 24.20 | 0.00 | ||
| FCX | Freeport-McMoRan Copper & Gold | 0.79 | -12.00% | 350000 | 33.10 | 32.52 |
| LCC | US Airways | 0.76 | NEW | 650000 | 16.97 | 17.92 |
| CFN | CareFusion Corporation | 0.72 | 300000 | 34.99 | 34.28 | |
| Fnb United | 0.70 | 1051764 | 9.76 | 0.00 | ||
| LRCX | Lam Research Corporation | 0.63 | +32.00% | 222725 | 41.46 | 47.78 |
| Two Hbrs Invt Corp *w exp 07/13/201 | 0.44 | 2385106 | 2.68 | 0.00 | ||
| CIEN | Ciena Corporation | 0.39 | 357740 | 16.01 | 15.98 | |
| MASI | Masimo Corporation | 0.37 | NEW | 275000 | 19.62 | 22.21 |
| Netapp Inc note 1.750% 6/0 | 0.35 | -95.00% | 4628000 | 1.09 | 0.00 | |
| CMLS | Cumulus Media | 0.28 | -36.00% | 1207069 | 3.37 | 3.86 |
| JAH | Jarden Corporation | 0.25 | NEW | 84900 | 42.85 | 47.91 |
| SSP | E.W. Scripps Company | 0.19 | NEW | 233524 | 12.03 | 13.68 |
| DRL | Doral Financial | 0.06 | -59.00% | 1235254 | 0.70 | 1.11 |
| ORI | Old Republic International Corporation | 0.04 | NEW | 45000 | 12.71 | 14.03 |
| Sanofi Aventis Wi Conval Rt | 0.03 | NEW | 273374 | 1.79 | 0.00 | |
| Chesapeake Energy Corp note 2.250%12/1 | 0.02 | NEW | 375000 | 0.89 | 0.00 |
Past 13F-HR SEC Filings for Waterstone Capital Management
- Waterstone Capital Management 2012 Q4 - filed Feb. 13, 2013
- Waterstone Capital Management 2012 Q3 - filed Nov. 14, 2012
- Waterstone Capital Management 2011 Q3 - filed Nov. 10, 2011
- Waterstone Capital Management 2011 Q2 - filed July 28, 2011
- Waterstone Capital Management 2011 Q1 - filed May 10, 2011
- Waterstone Capital Management 2010 Q4 - filed Feb. 14, 2011