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.
$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 | |||
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