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 Share Price $91.95 Est. Cost/Share — Unrealized @ Report Date —

SPY SPDR S&P 500 ETF TR 19.5%

Value $91.61M Shares 465,000 Share Price $197.02 Est. Cost/Share — Unrealized @ Report Date —

IWM ISHARES 11.4%

Value $53.58M Shares 490,000 Share Price $109.35 Est. Cost/Share — Unrealized @ Report Date —

IYR ISHARES 10.3%

Value $48.44M Shares 700,000 Share Price $69.20 Est. Cost/Share — Unrealized @ Report Date —

— AMERICAN RLTY CAP PPTYS INC 3.7%

Value $17.35M Shares 1,438,715 Share Price $12.06 Est. Cost/Share $13.67 Unrealized @ Report Date —

— ERICKSON INC 1.7%

Value $8.189M Shares 630,385 Share Price $12.99 Est. Cost/Share $15.66 Unrealized @ Report Date —

— ANADARKO PETE CORP 1.7%

Value $8.034M Shares 79,199 Share Price $101.44 Est. Cost/Share $85.12 Unrealized @ Report Date —

— GRACE W R & CO DEL NEW 1.5%

Value $7.092M Shares 77,987 Share Price $90.94 Est. Cost/Share $90.94 Unrealized @ Report Date —

NPO ENPRO INDS INC 1.5%

Value $6.938M Shares 114,621 Share Price $60.53 * Est. Cost/Share $70.67 Unrealized @ Report Date -3.6%

CUBI CUSTOMERS BANCORP INC 1.4%

Value $6.408M Shares 356,820 Share Price $17.96 * Est. Cost/Share $16.03 Unrealized @ Report Date +18.0%

AIG AMERICAN INTL GROUP INC 1.3%

Value $5.984M Shares 110,771 Share Price $54.02 * Est. Cost/Share $33.32 Unrealized @ Report Date +25.4%

— CBS OUTDOOR AMERS INC 1.2%

Value $5.761M Shares 192,420 Share Price $29.94 Est. Cost/Share $31.18 Unrealized @ Report Date —

— NORTEK INC 1.2%

Value $5.481M Shares 73,569 Share Price $74.50 Est. Cost/Share $64.43 Unrealized @ Report Date —

— PLY GEM HLDGS INC 1.0%

Value $4.774M Shares 440,373 Share Price $10.84 Est. Cost/Share $18.46 Unrealized @ Report Date —

— SILVER EAGLE ACQUISITION COR 1.0%

Value $4.671M Shares 450,000 Share Price $10.38 Est. Cost/Share $10.15 Unrealized @ Report Date —

— KEY ENERGY SVCS INC 0.9%

Value $4.36M Shares 900,921 Share Price $4.84 Est. Cost/Share $4.84 Unrealized @ Report Date —

— TESORO CORP 0.9%

Value $4.094M Shares 67,138 Share Price $60.98 Est. Cost/Share $52.32 Unrealized @ Report Date —

— CLEAR CHANNEL OUTDOOR HLDGS 0.6%

Value $2.974M Shares 441,193 Share Price $6.74 Est. Cost/Share $7.67 Unrealized @ Report Date —

— MERITOR INC 0.4%

Value $1.839M Shares 169,500 Share Price $10.85 Est. Cost/Share — Unrealized @ Report Date —

NMIH NMI HLDGS INC 0.1%

Value $433K Shares 50,000 Share Price $8.66 * Est. Cost/Share $13.30 Unrealized @ Report Date -26.6%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HYG	ISHARES	1,985,000	$183M	38.8%	$91.95	—	—	Put	464288513
SPY	SPDR S&P 500 ETF TR	465,000	$91.61M	19.5%	$197.02	—	—	Put	78462F103
IWM	ISHARES	490,000	$53.58M	11.4%	$109.35	—	—	Put	464287655
IYR	ISHARES	700,000	$48.44M	10.3%	$69.20	—	—	Put	464287739
—	AMERICAN RLTY CAP PPTYS INC	1,438,715	$17.35M	3.7%	$12.06	$13.67	—	COM	02917T104
—	ERICKSON INC	630,385	$8.189M	1.7%	$12.99	$15.66	—	COM	29482P100
—	ANADARKO PETE CORP	79,199	$8.034M	1.7%	$101.44	$85.12	—	COM	032511107
—	GRACE W R & CO DEL NEW	77,987	$7.092M	1.5%	$90.94	$90.94	—	COM	38388F108
NPO	ENPRO INDS INC	114,621	$6.938M	1.5%	$60.53 *	$70.67	-3.6%	COM	29355X107
CUBI	CUSTOMERS BANCORP INC	356,820	$6.408M	1.4%	$17.96 *	$16.03	+18.0%	COM	23204G100
AIG	AMERICAN INTL GROUP INC	110,771	$5.984M	1.3%	$54.02 *	$33.32	+25.4%	COM NEW	026874784
—	CBS OUTDOOR AMERS INC	192,420	$5.761M	1.2%	$29.94	$31.18	—	COM	14987J106
—	NORTEK INC	73,569	$5.481M	1.2%	$74.50	$64.43	—	COM NEW	656559309
—	PLY GEM HLDGS INC	440,373	$4.774M	1.0%	$10.84	$18.46	—	COM	72941W100
—	SILVER EAGLE ACQUISITION COR	450,000	$4.671M	1.0%	$10.38	$10.15	—	UNIT 99/99/9999	827694209
—	KEY ENERGY SVCS INC	900,921	$4.36M	0.9%	$4.84	$4.84	—	COM	492914106
—	TESORO CORP	67,138	$4.094M	0.9%	$60.98	$52.32	—	COM	881609101
—	CLEAR CHANNEL OUTDOOR HLDGS	441,193	$2.974M	0.6%	$6.74	$7.67	—	CL A	18451C109
—	MERITOR INC	169,500	$1.839M	0.4%	$10.85	—	—	Put	59001K100
NMIH	NMI HLDGS INC	50,000	$433K	0.1%	$8.66 *	$13.30	-26.6%	CL A	629209305