Waterstone Capital Management, L.P. 13F annual report
Waterstone Capital Management, L.P. is an investment fund managing more than $60.1 million ran by Michael Geerdes. There are currently 6 companies in Mr. Geerdes’s portfolio. The largest investments include Ishares Tr and Spdr S&p 500 Etf Tr, together worth $45 million.
$60.1 million Assets Under Management (AUM)
As of 7th October 2020, Waterstone Capital Management, L.P.’s top holding is 155,200 shares of Ishares Tr currently worth over $25.7 million and making up 42.8% of the portfolio value.
In addition, the fund holds 60,000 shares of Spdr S&p 500 Etf Tr worth $19.3 million.
The third-largest holding is Clearway worth $9.15 million and the next is Illumina worth $3.21 million, with 9,661 shares owned.
Currently, Waterstone Capital Management, L.P.'s portfolio is worth at least $60.1 million. 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 Waterstone Capital Management, L.P.
The Waterstone Capital Management, L.P. office and employees reside in St. Louis Park, Minnesota. According to the last 13-F report filed with the SEC, Michael Geerdes serves as the Operations Manager at Waterstone Capital Management, L.P..
Recent trades
In the most recent 13F filing, Waterstone Capital Management, L.P. revealed that it had opened a new position in
Ishares Tr and bought 155,200 shares worth $25.7 million.
The investment fund also strengthened its position in Essent by buying
301 additional shares.
This makes their stake in Essent total 44,400 shares worth $2.31 million.
Essent dropped 11.4% in the past year.
On the other hand, Michael Geerdes disclosed a decreased stake in Nabors Industries by approximately 0.1%.
This leaves the value of the investment at $411 thousand and 142,600 shares.
One of the smallest hedge funds
The two most similar investment funds to Waterstone Capital Management, L.P. are Edward Jones Trust and Tempus Wealth Planning. They manage $60.1 million and $60.3 million respectively.
Michael Geerdes investment strategy
Waterstone Capital Management, L.P.’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Utilities — making up 15.2% of
the total portfolio value.
The fund focuses on investments in the United States as
33.3% 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
17% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $12.7 billion.
The complete list of Waterstone Capital Management, L.P. trades based on 13F SEC filings
These positions were updated on February 12th 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 |
|---|---|---|---|
| Ishares Tr |
Opened
155,200
|
$25,712,000 | 42.78% |
| Spdr S&p 500 Etf Tr |
Opened
60,000
|
$19,312,000 | 32.13% |
| Clearway Energy, Inc. |
Opened
478,753
|
$9,154,000 | 15.23% |
| Illumina, Inc. |
No change
9,661
|
$3,205,000 | 5.33% |
| Essent Group Ltd. |
0.68%
44,400
|
$2,308,000 | 3.84% |
| Nabors Industries Ltd. |
5.50%
142,600
|
$411,000 | 0.68% |
| No transactions found | |||
| Showing first 500 out of 6 holdings | |||
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