Waterstone Capital Management, L.P. — 2013-12-31 13F Holdings

Name: Waterstone Capital Management, L.P. — 13F Holdings, 2013-12-31
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001512370

Total reported value

$98.6M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MCHP 2.125 12-15-37	Microchip Technology INC	Stock-Tech	22.90%	—	-17.31%
2	BKNG	Booking Hldgs INC	Stock-Consumer Disc	11.43%	—	-15.67%
3	AROC 4.25 06-15-14	Exterran Holdings INC	Stock-Energy	11.09%	—	-32.89%
4	DNDN 2.875 01-15-16	Dendreon CORP	Stock-Other	7.82%	—	+9.49%
5	QNDX	State Street SPDR Portfolio Nasdaq 100 ETF	ETF-Tech	5.12%	—	-10.60%
6	NMIH	Nmi Holdings INC	Stock-Financials	5.04%	—	—
7	FLG 6 11-01-51	Flagstar Bank NA	Stock-Financials	4.68%	-31.11%	+10.16%
8	FCX	Freeport-mcmoran INC	Stock-Materials	4.46%	—	-10.25%
9	EXE 2.5 05-15-37 *	Chesapeake Energy CORP	Stock-Energy	4.20%	—	-73.74%
10	HO1	Hologic INC	Stock-Other	3.10%	—	-1.55%
11	LRCXEUR	Lam Research CORP	Stock-Tech	2.50%	—	+0.81%
12	JAHEUR	Jarden CORP	Stock-Other	2.42%	—	+0.49%
13	AAL	American Airlines Group INC	Stock-Industrials	2.40%	—	—
14	✓	Communityone Bancorp	Stock-Other	2.36%	—	—
15	ZION	Zions Bancorporation, National Association	Stock-Financials	2.21%	—	-10.96%
16	BXMT 5.25 12-01-18	Blackstone Mortgage Tr	Stock-Real Estate	1.84%	—	—
17	ADM	Archer-daniels-midland Co	Stock-Consumer Staples	1.24%	—	—
18	AL	Air Lease CORP	Stock-Other	1.07%	—	-52.41%
19	✓	Volcano Corporation	Stock-Other	0.98%	—	-11.80%
20	WELL	Welltower Inc.	Stock-Real Estate	0.92%	—	+305.20%
21	XLNXEUR	Xilinx INC	Stock-Other	0.79%	—	—
22	MASI*	Masimo CORP	Stock-Other	0.77%	—	-41.75%
23	LTH	Life Time Group Holdings, Inc.	Stock-Other	0.30%	—	+369.12%
24	ORI	Old Republic Intl CORP	Stock-Financials	0.14%	—	—
25	INTC	Intel CORP	Stock-Tech	0.12%	—	—
26	✓	Nxstage Medical INC	Stock-Other	0.11%	—	+46.51%

Holding changes this quarter

Position changes disclosed by Waterstone Capital Management, L.P. for the quarter ending 2013-12-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	MCHP 2.125 12-15-37	Microchip Technology INC	+6%	-17.31%	Trim
2	BKNG	Booking Hldgs INC	+3.5%	-15.67%	Trim
3	DNDN 2.875 01-15-16	Dendreon CORP	+3.1%	+9.49%	Add
4	FLG 6 11-01-51	Flagstar Bank NA	+1.9%	+10.16%	Add
5	AROC 4.25 06-15-14	Exterran Holdings INC	+1.8%	-32.89%	Trim
6	QNDX	State Street SPDR Portfolio Nasdaq 100 ETF	+1.8%	-10.60%	Trim
7	FCX	Freeport-mcmoran INC	+1.5%	-10.25%	Trim
8	JAHEUR	Jarden CORP	+1.1%	+0.49%	Add
9	HO1	Hologic INC	+1.1%	-1.55%	Trim
10	✓	Communityone Bancorp	+1.1%	—	Unchanged
11	LRCXEUR	Lam Research CORP	+0.9%	+0.81%	Add
12	ZION	Zions Bancorporation, National Association	+0.8%	-10.96%	Trim
13	WELL	Welltower Inc.	+0.8%	+305.20%	Add
14	LTH	Life Time Group Holdings, Inc.	+0.3%	+369.12%	Add
15	✓	Volcano Corporation	+0.2%	-11.80%	Trim
16	ORI	Old Republic Intl CORP	+0.1%	—	Unchanged
17	✓	Nxstage Medical INC	0%	+46.51%	Add
18	MASI*	Masimo CORP	0%	-41.75%	Trim
19	AL	Air Lease CORP	-0.3%	-52.41%	Trim
20	EXE 2.5 05-15-37 *	Chesapeake Energy CORP	-6.2%	-73.74%	Trim
21	VRSN 3.25 08-15-37	Verisign INC	—	EXIT	Sold out
22	AMD 6 05-01-15	Advanced Micro Devices	—	EXIT	Sold out
23	HOSS 1.375 11-15-26	Hornbeck Offshore Serv	—	EXIT	Sold out
24	NMIH	Nmi Holdings INC	—	NEW	New buy
25	AAL	American Airlines Group INC	—	NEW	New buy
26	CIEN	Ciena CORP	—	EXIT	Sold out
27	BXMT 5.25 12-01-18	Blackstone Mortgage Tr	—	NEW	New buy
28	✓	Thoratec CORP	—	EXIT	Sold out
29	ADM	Archer-daniels-midland Co	—	NEW	New buy
30	HRC	Hill-rom Holdings INC	—	EXIT	Sold out
31	✓		—	EXIT	Sold out
32	✓	Silver Bay Realty Trust CORP	—	EXIT	Sold out
33	XLNXEUR	Xilinx INC	—	NEW	New buy
34	✓	Two Hbrs Invt CORP	—	EXIT	Sold out
35	INTC	Intel CORP	—	NEW	New buy
36	N2EUR	Netsuite INC	—	EXIT	Sold out
37	SNY	Sanofi	—	EXIT	Sold out