Watershed Asset Management

Watershed Asset Management as of March 31, 2015

Portfolio Holdings for Watershed Asset Management

Watershed Asset Management holds 20 positions in its portfolio as reported in the March 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Ishares Iboxx Hi Yd Etf Put Option (HYG) 18.7 $46M 510k 90.61
Spdr S&p 500 Etf Tr Tr Unit Put Option (SPY) 17.8 $44M 214k 206.43
Ishares Tr Russell 2000 Etf Put Option (IWM) 16.6 $41M 331k 124.37
Uti Worldwide Note 4.500% 3/0 (Principal) 5.4 $13M 12M 1.13
Cobalt Intl Energy Note 3.125% 5/1 (Principal) 4.3 $11M 14M 0.75
Horsehead Holding 4.2 $10M 824k 12.66
Horsehead Hldg Corp Note 3.800% 7/0 (Principal) 3.9 $9.7M 9.0M 1.07
American Realty Capital Prop 3.9 $9.5M 967k 9.85
Customers Ban (CUBI) 3.5 $8.6M 352k 24.36
W.R. Grace & Co. 3.2 $8.0M 81k 98.88
Ally Financial (ALLY) 3.1 $7.7M 365k 20.98
American Capital 3.0 $7.5M 505k 14.79
Nortek Com New 2.9 $7.3M 83k 88.26
Ply Gem Holdings 2.0 $5.1M 389k 13.00
Select Sector Spdr Tr Sbi Int-energy Put Option (XLE) 1.9 $4.7M 60k 77.58
Cobalt Intl Energy Put Option 1.7 $4.2M 450k 9.41
Cumulus Media Cl A 1.2 $3.0M 1.2M 2.47
Outfront Media (OUT) 1.1 $2.7M 90k 29.92
Ericson Air-crane 1.0 $2.5M 568k 4.32
Key Energy Services 0.5 $1.2M 643k 1.82