Waterstone Capital Management, L.P. — 2014-03-31 13F Holdings

Name: Waterstone Capital Management, L.P. — 13F Holdings, 2014-03-31
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001512370

Total reported value

$98.6M

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	25.00%	—	-29.33%
2	AROC 4.25 06-15-14	Exterran Holdings INC	Stock-Energy	12.54%	—	-38.64%
3	BKNG	Booking Hldgs INC	Stock-Consumer Disc	12.34%	—	-27.23%
4	DNDN 2.875 01-15-16	Dendreon CORP	Stock-Other	9.06%	—	-31.22%
5	NMIH	Nmi Holdings INC	Stock-Financials	6.57%	—	-2.02%
6	FLG 6 11-01-51	Flagstar Bank NA	Stock-Financials	5.94%	-31.11%	-11.84%
7	QNDX	State Street SPDR Portfolio Nasdaq 100 ETF	ETF-Tech	5.04%	—	-30.05%
8	HO1	Hologic INC	Stock-Other	4.23%	—	-1.90%
9	LRCXEUR	Lam Research CORP	Stock-Tech	3.91%	—	+7.26%
10	✓	Communityone Bancorp	Stock-Other	2.73%	—	-8.82%
11	XLNXEUR	Xilinx INC	Stock-Other	2.65%	—	+95.03%
12	HLF	Herbalife Ltd.	Stock-Other	2.38%	—	—
13	ZION	Zions Bancorporation, National Association	Stock-Financials	2.25%	—	-33.38%
14	BXMT 5.25 12-01-18	Blackstone Mortgage Tr	Stock-Real Estate	1.69%	—	-40.00%
15	AL	Air Lease CORP	Stock-Other	1.36%	—	-27.15%
16	TSLA 1.25 03-01-21	Tesla INC	Stock-Consumer Disc	0.58%	—	—
17	OFIX	Orthofix Medical Inc.	Stock-Other	0.45%	—	—
18	WELL	Welltower Inc.	Stock-Real Estate	0.32%	—	-77.59%
19	✓	Alphatec Holdings INC	Stock-Other	0.31%	—	—
20	✓	Stonegate Mtg CORP	Stock-Other	0.22%	—	—
21	✓	Journal Communications Inc-a	Stock-Other	0.18%	—	—
22	ORI	Old Republic Intl CORP	Stock-Financials	0.15%	—	-22.67%
23	OXLC	Oxford Lane Capital Corp.	Stock-Other	0.13%	—	—

Position changes disclosed by Waterstone Capital Management, L.P. for the quarter ending 2014-03-31, 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	+2.1%	-29.33%	Trim
2	XLNXEUR	Xilinx INC	+1.9%	+95.03%	Add
3	NMIH	Nmi Holdings INC	+1.5%	-2.02%	Trim
4	AROC 4.25 06-15-14	Exterran Holdings INC	+1.5%	-38.64%	Trim
5	LRCXEUR	Lam Research CORP	+1.4%	+7.26%	Add
6	FLG 6 11-01-51	Flagstar Bank NA	+1.3%	-11.84%	Trim
7	DNDN 2.875 01-15-16	Dendreon CORP	+1.2%	-31.22%	Trim
8	HO1	Hologic INC	+1.1%	-1.90%	Trim
9	BKNG	Booking Hldgs INC	+0.9%	-27.23%	Trim
10	✓	Communityone Bancorp	+0.4%	-8.82%	Trim
11	AL	Air Lease CORP	+0.3%	-27.15%	Trim
12	ZION	Zions Bancorporation, National Association	0%	-33.38%	Trim
13	ORI	Old Republic Intl CORP	0%	-22.67%	Trim
14	QNDX	State Street SPDR Portfolio Nasdaq 100 ETF	-0.1%	-30.05%	Trim
15	BXMT 5.25 12-01-18	Blackstone Mortgage Tr	-0.2%	-40.00%	Trim
16	WELL	Welltower Inc.	-0.6%	-77.59%	Trim
17	FCX	Freeport-mcmoran INC	—	EXIT	Sold out
18	EXE 2.5 05-15-37 *	Chesapeake Energy CORP	—	EXIT	Sold out
19	JAHEUR	Jarden CORP	—	EXIT	Sold out
20	AAL	American Airlines Group INC	—	EXIT	Sold out
21	HLF	Herbalife Ltd.	—	NEW	New buy
22	ADM	Archer-daniels-midland Co	—	EXIT	Sold out
23	✓	Volcano Corporation	—	EXIT	Sold out
24	MASI*	Masimo CORP	—	EXIT	Sold out
25	TSLA 1.25 03-01-21	Tesla INC	—	NEW	New buy
26	OFIX	Orthofix Medical Inc.	—	NEW	New buy
27	LTH	Life Time Group Holdings, Inc.	—	EXIT	Sold out
28	✓	Alphatec Holdings INC	—	NEW	New buy
29	✓	Stonegate Mtg CORP	—	NEW	New buy
30	✓	Journal Communications Inc-a	—	NEW	New buy
31	INTC	Intel CORP	—	EXIT	Sold out
32	✓	Nxstage Medical INC	—	EXIT	Sold out
33	OXLC	Oxford Lane Capital Corp.	—	NEW	New buy