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

Name: Watershed Asset Management, L.L.C. Q3 2014 13F Filing | 13F Explorer
Creator: Watershed Asset Management, L.L.C.
Published: 2014-11-14

Location: San Francisco, CA

CIK: 0001315926 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 14, 2014

Total Value: $471M (100.0% shares, 0.0% debt)

Holdings (20)

HYG ISHARES 38.8%

Value $183M Shares 1,985,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 19.5%

Value $91.61M Shares 465,000 Est. Cost — Unrealized —

IWM ISHARES 11.4%

Value $53.58M Shares 490,000 Est. Cost — Unrealized —

IYR ISHARES 10.3%

Value $48.44M Shares 700,000 Est. Cost — Unrealized —

— AMERICAN RLTY CAP PPTYS INC 3.7%

Value $17.35M Shares 1,438,715 Est. Cost $13.67 Unrealized —

— ERICKSON INC 1.7%

Value $8.189M Shares 630,385 Est. Cost $15.66 Unrealized —

— ANADARKO PETE CORP 1.7%

Value $8.034M Shares 79,199 Est. Cost $85.12 Unrealized —

— GRACE W R & CO DEL NEW 1.5%

Value $7.092M Shares 77,987 Est. Cost $90.94 Unrealized —

NPO ENPRO INDS INC 1.5%

Value $6.938M Shares 114,621 Est. Cost $70.67 Unrealized -3.6%

CUBI CUSTOMERS BANCORP INC 1.4%

Value $6.408M Shares 356,820 Est. Cost $16.03 Unrealized +18.0%

AIG AMERICAN INTL GROUP INC 1.3%

Value $5.984M Shares 110,771 Est. Cost $33.32 Unrealized +25.4%

— CBS OUTDOOR AMERS INC 1.2%

Value $5.761M Shares 192,420 Est. Cost $31.18 Unrealized —

— NORTEK INC 1.2%

Value $5.481M Shares 73,569 Est. Cost $64.43 Unrealized —

— PLY GEM HLDGS INC 1.0%

Value $4.774M Shares 440,373 Est. Cost $18.46 Unrealized —

— SILVER EAGLE ACQUISITION COR 1.0%

Value $4.671M Shares 450,000 Est. Cost $10.15 Unrealized —

— KEY ENERGY SVCS INC 0.9%

Value $4.36M Shares 900,921 Est. Cost $4.84 Unrealized —

— TESORO CORP 0.9%

Value $4.094M Shares 67,138 Est. Cost $52.32 Unrealized —

— CLEAR CHANNEL OUTDOOR HLDGS 0.6%

Value $2.974M Shares 441,193 Est. Cost $7.67 Unrealized —

— MERITOR INC 0.4%

Value $1.839M Shares 169,500 Est. Cost — Unrealized —

NMIH NMI HLDGS INC 0.1%

Value $433K Shares 50,000 Est. Cost $13.30 Unrealized -26.6%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES	1,985,000	$183M	38.8%	—	—	Put	464288513
SPY	SPDR S&P 500 ETF TR	465,000	$91.61M	19.5%	—	—	Put	78462F103
IWM	ISHARES	490,000	$53.58M	11.4%	—	—	Put	464287655
IYR	ISHARES	700,000	$48.44M	10.3%	—	—	Put	464287739
—	AMERICAN RLTY CAP PPTYS INC	1,438,715	$17.35M	3.7%	$13.67	—	COM	02917T104
—	ERICKSON INC	630,385	$8.189M	1.7%	$15.66	—	COM	29482P100
—	ANADARKO PETE CORP	79,199	$8.034M	1.7%	$85.12	—	COM	032511107
—	GRACE W R & CO DEL NEW	77,987	$7.092M	1.5%	$90.94	—	COM	38388F108
NPO	ENPRO INDS INC	114,621	$6.938M	1.5%	$70.67	-3.6%	COM	29355X107
CUBI	CUSTOMERS BANCORP INC	356,820	$6.408M	1.4%	$16.03	+18.0%	COM	23204G100
AIG	AMERICAN INTL GROUP INC	110,771	$5.984M	1.3%	$33.32	+25.4%	COM NEW	026874784
—	CBS OUTDOOR AMERS INC	192,420	$5.761M	1.2%	$31.18	—	COM	14987J106
—	NORTEK INC	73,569	$5.481M	1.2%	$64.43	—	COM NEW	656559309
—	PLY GEM HLDGS INC	440,373	$4.774M	1.0%	$18.46	—	COM	72941W100
—	SILVER EAGLE ACQUISITION COR	450,000	$4.671M	1.0%	$10.15	—	UNIT 99/99/9999	827694209
—	KEY ENERGY SVCS INC	900,921	$4.36M	0.9%	$4.84	—	COM	492914106
—	TESORO CORP	67,138	$4.094M	0.9%	$52.32	—	COM	881609101
—	CLEAR CHANNEL OUTDOOR HLDGS	441,193	$2.974M	0.6%	$7.67	—	CL A	18451C109
—	MERITOR INC	169,500	$1.839M	0.4%	—	—	Put	59001K100
NMIH	NMI HLDGS INC	50,000	$433K	0.1%	$13.30	-26.6%	CL A	629209305