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

CIK: 0001315926 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 14, 2014

Total Value ($000): $470,540 (100.0% shares, 0.0% debt)

Holdings (20)

HYG ISHARES 38.8%

Value ($000) $182,521 Shares 1,985,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 19.5%

Value ($000) $91,614 Shares 465,000 Est. Cost — Unrealized —

IWM ISHARES 11.4%

Value ($000) $53,582 Shares 490,000 Est. Cost — Unrealized —

IYR ISHARES 10.3%

Value ($000) $48,440 Shares 700,000 Est. Cost — Unrealized —

— AMERICAN RLTY CAP PPTYS INC 3.7%

Value ($000) $17,351 Shares 1,438,715 Est. Cost $13.67 Unrealized —

— ERICKSON INC 1.7%

Value ($000) $8,189 Shares 630,385 Est. Cost $15.66 Unrealized —

— ANADARKO PETE CORP 1.7%

Value ($000) $8,034 Shares 79,199 Est. Cost $85.12 Unrealized —

— GRACE W R & CO DEL NEW 1.5%

Value ($000) $7,092 Shares 77,987 Est. Cost $90.94 Unrealized —

NPO ENPRO INDS INC 1.5%

Value ($000) $6,938 Shares 114,621 Est. Cost $70.67 Unrealized -3.6%

CUBI CUSTOMERS BANCORP INC 1.4%

Value ($000) $6,408 Shares 356,820 Est. Cost $16.03 Unrealized +18.0%

AIG AMERICAN INTL GROUP INC 1.3%

Value ($000) $5,984 Shares 110,771 Est. Cost $33.32 Unrealized +25.4%

— CBS OUTDOOR AMERS INC 1.2%

Value ($000) $5,761 Shares 192,420 Est. Cost $31.18 Unrealized —

— NORTEK INC 1.2%

Value ($000) $5,481 Shares 73,569 Est. Cost $64.43 Unrealized —

— PLY GEM HLDGS INC 1.0%

Value ($000) $4,774 Shares 440,373 Est. Cost $18.46 Unrealized —

— SILVER EAGLE ACQUISITION COR 1.0%

Value ($000) $4,671 Shares 450,000 Est. Cost $10.15 Unrealized —

— KEY ENERGY SVCS INC 0.9%

Value ($000) $4,360 Shares 900,921 Est. Cost $4.84 Unrealized —

— TESORO CORP 0.9%

Value ($000) $4,094 Shares 67,138 Est. Cost $52.32 Unrealized —

— CLEAR CHANNEL OUTDOOR HLDGS 0.6%

Value ($000) $2,974 Shares 441,193 Est. Cost $7.67 Unrealized —

— MERITOR INC 0.4%

Value ($000) $1,839 Shares 169,500 Est. Cost — Unrealized —

NMIH NMI HLDGS INC 0.1%

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

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES	1,985,000	$182,521	38.8%	—	—	Put	464288513
SPY	SPDR S&P 500 ETF TR	465,000	$91,614	19.5%	—	—	Put	78462F103
IWM	ISHARES	490,000	$53,582	11.4%	—	—	Put	464287655
IYR	ISHARES	700,000	$48,440	10.3%	—	—	Put	464287739
—	AMERICAN RLTY CAP PPTYS INC	1,438,715	$17,351	3.7%	$13.67	—	COM	02917T104
—	ERICKSON INC	630,385	$8,189	1.7%	$15.66	—	COM	29482P100
—	ANADARKO PETE CORP	79,199	$8,034	1.7%	$85.12	—	COM	032511107
—	GRACE W R & CO DEL NEW	77,987	$7,092	1.5%	$90.94	—	COM	38388F108
NPO	ENPRO INDS INC	114,621	$6,938	1.5%	$70.67	-3.6%	COM	29355X107
CUBI	CUSTOMERS BANCORP INC	356,820	$6,408	1.4%	$16.03	+18.0%	COM	23204G100
AIG	AMERICAN INTL GROUP INC	110,771	$5,984	1.3%	$33.32	+25.4%	COM NEW	026874784
—	CBS OUTDOOR AMERS INC	192,420	$5,761	1.2%	$31.18	—	COM	14987J106
—	NORTEK INC	73,569	$5,481	1.2%	$64.43	—	COM NEW	656559309
—	PLY GEM HLDGS INC	440,373	$4,774	1.0%	$18.46	—	COM	72941W100
—	SILVER EAGLE ACQUISITION COR	450,000	$4,671	1.0%	$10.15	—	UNIT 99/99/9999	827694209
—	KEY ENERGY SVCS INC	900,921	$4,360	0.9%	$4.84	—	COM	492914106
—	TESORO CORP	67,138	$4,094	0.9%	$52.32	—	COM	881609101
—	CLEAR CHANNEL OUTDOOR HLDGS	441,193	$2,974	0.6%	$7.67	—	CL A	18451C109
—	MERITOR INC	169,500	$1,839	0.4%	—	—	Put	59001K100
NMIH	NMI HLDGS INC	50,000	$433	0.1%	$13.30	-26.6%	CL A	629209305