Algebris (uk) Ltd 13F annual report

Algebris (uk) Ltd is an investment fund managing more than $278 billion ran by Karina Cooper. There are currently 43 companies in Mrs. Cooper’s portfolio. The largest investments include Equitable and Banco Bradesco S.A, together worth $49.4 billion.

Limited to 30 biggest holdings

$278 billion Assets Under Management (AUM)

As of 6th August 2024, Algebris (uk) Ltd’s top holding is 761,984 shares of Equitable currently worth over $29.1 billion and making up 10.4% of the portfolio value. Relative to the number of outstanding shares of Equitable, Algebris (uk) Ltd owns less than approximately 0.1% of the company. In addition, the fund holds 9,747,351 shares of Banco Bradesco S.A worth $20.4 billion, whose value fell 0.7% in the past six months. The third-largest holding is Webster Finl Corp worth $19.7 billion and the next is Lincoln Natl Corp Ind worth $16.4 billion, with 564,633 shares owned.

Currently, Algebris (uk) Ltd's portfolio is worth at least $278 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Algebris (uk) Ltd

The Algebris (uk) Ltd office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Karina Cooper serves as the Group Head of Compliance at Algebris (uk) Ltd.

Recent trades

In the most recent 13F filing, Algebris (uk) Ltd revealed that it had opened a new position in Huntington Bancshares and bought 1,012,544 shares worth $12.5 billion. This means they effectively own approximately 0.1% of the company. Huntington Bancshares makes up 10.4% of the fund's Finance sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Banco Bradesco S.A by buying 7,078,043 additional shares. This makes their stake in Banco Bradesco S.A total 9,747,351 shares worth $20.4 billion. Banco Bradesco S.A dropped approximately 0.1% in the past year.

On the other hand, there are companies that Algebris (uk) Ltd is getting rid of from its portfolio. Algebris (uk) Ltd closed its position in Citigroup Inc on 13th August 2024. It sold the previously owned 207,122 shares for $12.1 billion. Karina Cooper also disclosed a decreased stake in Equitable by approximately 0.1%. This leaves the value of the investment at $29.1 billion and 761,984 shares.

One of the smaller hedge funds

The two most similar investment funds to Algebris (uk) Ltd are Forthright Wealth Management and Stone Point Wealth. They manage $278 billion and $278 billion respectively.


Karina Cooper investment strategy

Algebris (uk) Ltd’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Finance — making up 43.2% of the total portfolio value. The fund focuses on investments in the United States as 46.5% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 23% of the total holdings value. On the other hand, small-cap stocks make up only 4.7% of the portfolio. The average market cap of the portfolio companies is close to $113 billion.

The complete list of Algebris (uk) Ltd trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Equitable Holdings, Inc.
1.57%
761,984
$29,059,797,000 10.45%
Banco Bradesco S.A.
265.16%
9,747,351
$20,379,004,000 7.32%
Webster Finl Corp
27.68%
484,738
$19,721,607,000 7.09%
Lincoln Natl Corp Ind
67.21%
564,633
$16,436,519,000 5.91%
Citizens Finl Group Inc
44.28%
468,293
$15,748,177,000 5.66%
Corebridge Finl Inc
101.50%
543,801
$14,780,180,000 5.31%
Voya Financial, Inc.
26.91%
221,051
$14,679,652,000 5.28%
Huntington Bancshares, Inc.
Opened
1,012,544
$12,455,973,000 4.48%
Citigroup Inc
Closed
207,122
$12,141,742,000
Us Bancorp Del
Opened
319,685
$11,845,710,000 4.26%
Prudential Finl Inc
Opened
106,406
$11,638,715,000 4.18%
First Horizon Corporation
Closed
805,442
$11,497,798,000
Comerica, Inc.
50.00%
232,929
$11,096,412,000 3.99%
Nuveen Pfd & Income Opportun
50.00%
1,429,820
$9,968,971,000 3.58%
Federated Hermes Inc
50.42%
302,835
$9,293,648,000 3.34%
Carlyle Group Inc (The)
Opened
246,922
$9,253,237,000 3.33%
M & T Bk Corp
Opened
62,792
$8,870,820,000 3.19%
MetLife, Inc.
62.38%
114,309
$7,488,659,000 2.69%
Brighthouse Finl Inc
39.65%
175,278
$7,090,301,000 2.55%
Annaly Capital Management In
91.75%
372,979
$6,635,225,000 2.38%
American Intl Group Inc
Opened
90,674
$6,283,030,000 2.26%
Unum Group
59.37%
92,596
$4,417,194,000 1.59%
Jefferies Finl Group Inc
Closed
105,334
$4,307,253,000
Affiliated Managers Group In
92.83%
26,831
$3,912,458,000 1.41%
First Bancshares Inc Ms
44.43%
161,316
$3,911,695,000 1.41%
Dynex Cap Inc
28.11%
274,984
$3,064,503,000 1.10%
Radian Group, Inc.
58.73%
71,567
$2,077,407,000 0.75%
Q2 Holdings Inc
74.93%
31,035
$1,747,565,000 0.63%
Microsoft Corporation
29.42%
3,615
$1,508,050,000 0.54%
Republic Svcs Inc
35.04%
8,224
$1,491,742,000 0.54%
Waste Mgmt Inc Del
Closed
7,100
$1,402,562,000
Shift4 Pmts Inc
Opened
19,125
$1,309,332,000 0.47%
Cencora Inc.
98.20%
5,807
$1,221,129,000 0.44%
Clean Harbors, Inc.
40.58%
5,349
$1,129,061,000 0.41%
Smith A O Corp
Closed
12,218
$1,012,996,000
Xylem Inc
45.62%
7,964
$1,008,174,000 0.36%
Hubbell Inc.
27.23%
2,707
$923,422,000 0.33%
Stryker Corp.
45.57%
2,878
$913,981,000 0.33%
Simpson Mfg Inc
23.30%
5,751
$904,626,000 0.33%
Carlisle Cos Inc
36.66%
2,371
$896,727,000 0.32%
Applied Matls Inc
98.22%
3,741
$824,005,000 0.30%
Thermo Fisher Scientific Inc.
29.31%
1,575
$812,932,000 0.29%
Synopsys, Inc.
43.72%
1,434
$796,450,000 0.29%
Core & Main, Inc.
56.76%
16,384
$748,397,000 0.27%
Grainger W W Inc
55.90%
732
$616,427,000 0.22%
Crown Holdings, Inc.
33.22%
8,456
$587,121,000 0.21%
Advanced Drain Sys Inc Del
57.44%
3,570
$534,434,000 0.19%
Genenta Science S P A
50.00%
45,000
$130,623,000 0.05%
No transactions found
Showing first 500 out of 48 holdings