Watershed Asset Management, L.L.C. Hedge Fund

CIK: 0001315926 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Apr 8, 2014

Total Value ($000): $180,750 (100.0% shares, 0.0% debt)

Holdings (27)

SPY SPDR S&P 500 ETF TR 13.1%

Value ($000) $23,677 Shares 128,200 Est. Cost — Unrealized —

— ERICKSON AIR-CRANE INC 8.7%

Value ($000) $15,705 Shares 755,414 Est. Cost $15.66 Unrealized —

— COLE REAL ESTATE INVTS INC 7.0%

Value ($000) $12,602 Shares 897,567 Est. Cost $12.95 Unrealized —

IWM ISHARES 6.4%

Value ($000) $11,651 Shares 101,000 Est. Cost — Unrealized —

— PENNEY J C INC 5.9%

Value ($000) $10,677 Shares 1,166,900 Est. Cost — Unrealized —

— PLY GEM HLDGS INC 5.4%

Value ($000) $9,762 Shares 541,407 Est. Cost $18.73 Unrealized —

I 5.75 05/01/16 A INTELSAT S A 5.1%

Value ($000) $9,190 Shares 157,100 Est. Cost $55.16 Unrealized —

— NORTEK INC 4.9%

Value ($000) $8,926 Shares 119,652 Est. Cost $64.43 Unrealized —

— TRONOX LTD 4.7%

Value ($000) $8,417 Shares 364,837 Est. Cost $21.23 Unrealized —

— TESORO CORP 3.8%

Value ($000) $6,798 Shares 116,212 Est. Cost $52.32 Unrealized —

CLW CLEARWATER PAPER CORP 3.4%

Value ($000) $6,176 Shares 117,646 Est. Cost $48.03 Unrealized +6.6%

— THE ADT CORPORATION 3.1%

Value ($000) $5,589 Shares 138,100 Est. Cost $39.85 Unrealized —

AIG AMERICAN INTL GROUP INC 3.1%

Value ($000) $5,564 Shares 109,000 Est. Cost $32.51 Unrealized +16.5%

CUBI CUSTOMERS BANCORP INC 3.1%

Value ($000) $5,562 Shares 271,846 Est. Cost $15.17 Unrealized +5.0%

— REALOGY HLDGS CORP 2.9%

Value ($000) $5,302 Shares 107,168 Est. Cost $47.53 Unrealized —

GPK GRAPHIC PACKAGING HLDG CO 2.8%

Value ($000) $5,146 Shares 536,022 Est. Cost $7.63 Unrealized +14.7%

— ROYAL BK SCOTLAND GROUP PLC 2.8%

Value ($000) $4,988 Shares 231,879 Est. Cost $21.51 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 2.6%

Value ($000) $4,714 Shares 217,536 Est. Cost $21.79 Unrealized —

— SILVER EAGLE ACQUISITION COR 2.5%

Value ($000) $4,500 Shares 450,000 Est. Cost $10.15 Unrealized —

— CLEAR CHANNEL OUTDOOR HLDGS 2.2%

Value ($000) $4,008 Shares 395,313 Est. Cost $7.51 Unrealized —

— GENERAL MTRS CO 1.6%

Value ($000) $2,845 Shares 122,859 Est. Cost $17.16 Unrealized —

— ROYAL BK SCOTLAND GROUP PLC 1.4%

Value ($000) $2,571 Shares 123,000 Est. Cost $20.90 Unrealized —

— CONSOLIDATED COMM HLDGS INC 1.2%

Value ($000) $2,128 Shares 108,393 Est. Cost $17.41 Unrealized —

GM GENERAL MTRS CO 1.1%

Value ($000) $2,068 Shares 50,601 Est. Cost $24.72 Unrealized +14.0%

— INTELSAT S A 0.6%

Value ($000) $1,172 Shares 52,000 Est. Cost $22.54 Unrealized —

NMIH NMI HLDGS INC 0.4%

Value ($000) $637 Shares 50,000 Est. Cost $13.30 Unrealized 0.0%

— GENERAL MTRS CO 0.2%

Value ($000) $375 Shares 12,029 Est. Cost $31.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	128,200	$23,677	13.1%	—	—	Put	78462F103
—	ERICKSON AIR-CRANE INC	755,414	$15,705	8.7%	$15.66	—	COM	29482P100
—	COLE REAL ESTATE INVTS INC	897,567	$12,602	7.0%	$12.95	—	COM	19329V105
IWM	ISHARES	101,000	$11,651	6.4%	—	—	Put	464287655
—	PENNEY J C INC	1,166,900	$10,677	5.9%	—	—	Put	708160106
—	PLY GEM HLDGS INC	541,407	$9,762	5.4%	$18.73	—	COM	72941W100
I 5.75 05/01/16 A	INTELSAT S A	157,100	$9,190	5.1%	$55.16	—	MAN CONV JR PFD	L5140P119
—	NORTEK INC	119,652	$8,926	4.9%	$64.43	—	COM NEW	656559309
—	TRONOX LTD	364,837	$8,417	4.7%	$21.23	—	SHS CL A	Q9235V101
—	TESORO CORP	116,212	$6,798	3.8%	$52.32	—	COM	881609101
CLW	CLEARWATER PAPER CORP	117,646	$6,176	3.4%	$48.03	+6.6%	COM	18538R103
—	THE ADT CORPORATION	138,100	$5,589	3.1%	$39.85	—	COM	00101J106
AIG	AMERICAN INTL GROUP INC	109,000	$5,564	3.1%	$32.51	+16.5%	COM NEW	026874784
CUBI	CUSTOMERS BANCORP INC	271,846	$5,562	3.1%	$15.17	+5.0%	COM	23204G100
—	REALOGY HLDGS CORP	107,168	$5,302	2.9%	$47.53	—	COM	75605Y106
GPK	GRAPHIC PACKAGING HLDG CO	536,022	$5,146	2.8%	$7.63	+14.7%	COM	388689101
—	ROYAL BK SCOTLAND GROUP PLC	231,879	$4,988	2.8%	$21.51	—	SP ADR PREF S	780097739
—	ROYAL BK SCOTLAND GROUP PLC	217,536	$4,714	2.6%	$21.79	—	ADR PREF SHS Q	780097754
—	SILVER EAGLE ACQUISITION COR	450,000	$4,500	2.5%	$10.15	—	UNIT 99/99/9999	827694209
—	CLEAR CHANNEL OUTDOOR HLDGS	395,313	$4,008	2.2%	$7.51	—	CL A	18451C109
—	GENERAL MTRS CO	122,859	$2,845	1.6%	$17.16	—	*W EXP 07/10/201	37045V126
—	ROYAL BK SCOTLAND GROUP PLC	123,000	$2,571	1.4%	$20.90	—	SP ADR PREF M	780097796
—	CONSOLIDATED COMM HLDGS INC	108,393	$2,128	1.2%	$17.41	—	COM	209034107
GM	GENERAL MTRS CO	50,601	$2,068	1.1%	$24.72	+14.0%	COM	37045V100
—	INTELSAT S A	52,000	$1,172	0.6%	$22.54	—	COM	L5140P101
NMIH	NMI HLDGS INC	50,000	$637	0.4%	$13.30	0.0%	CL A	629209305
—	GENERAL MTRS CO	12,029	$375	0.2%	$31.17	—	*W EXP 07/10/201	37045V118