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

CIK: 0001315926 · Show all filings

Period: Q2 2015 (← Previous) (Next →)

Filing Date: Aug 13, 2015

Total Value ($000): $324,140 (86.0% shares, 14.0% debt)

Holdings (23)

SPY SPDR S&P 500 ETF TR 23.1%

Value ($000) $74,785 Shares 363,300 Est. Cost — Unrealized —

HYG ISHARES 19.4%

Value ($000) $62,782 Shares 707,000 Est. Cost — Unrealized —

IWM ISHARES TR 17.3%

Value ($000) $55,987 Shares 448,400 Est. Cost — Unrealized —

— UTI WORLDWIDE INC 6.4%

Value ($000) $20,622 Shares 19,805,000 Est. Cost $1.09 Unrealized —

— HORSEHEAD HLDG CORP 4.0%

Value ($000) $12,818 Shares 12,300,000 Est. Cost $1.07 Unrealized —

— AMERICAN CAP LTD 2.7%

Value ($000) $8,891 Shares 656,185 Est. Cost $14.41 Unrealized —

ALLY ALLY FINL INC 2.6%

Value ($000) $8,360 Shares 372,699 Est. Cost $16.11 Unrealized +4.6%

— AMERICAN RLTY CAP PPTYS INC 2.4%

Value ($000) $7,861 Shares 966,929 Est. Cost $13.55 Unrealized —

CUBI CUSTOMERS BANCORP INC 2.2%

Value ($000) $6,981 Shares 259,601 Est. Cost $16.51 Unrealized +54.8%

— NORTEK INC 2.1%

Value ($000) $6,862 Shares 82,544 Est. Cost $66.27 Unrealized —

LPLA LPL FINL HLDGS INC 2.1%

Value ($000) $6,662 Shares 143,304 Est. Cost $43.25 Unrealized 0.0%

— COBALT INTL ENERGY INC 2.0%

Value ($000) $6,600 Shares 9,000,000 Est. Cost $0.68 Unrealized —

— GRACE W R & CO DEL NEW 2.0%

Value ($000) $6,585 Shares 65,657 Est. Cost $91.31 Unrealized —

— EXTERRAN HLDGS INC 1.8%

Value ($000) $5,870 Shares 179,800 Est. Cost $32.65 Unrealized —

— HORSEHEAD HLDG CORP 1.7%

Value ($000) $5,369 Shares 458,100 Est. Cost $12.66 Unrealized —

— INTERNATIONAL SPEEDWAY CORP 1.7%

Value ($000) $5,365 Shares 146,301 Est. Cost $36.67 Unrealized —

— ASCENT CAP GROUP INC 1.6%

Value ($000) $5,320 Shares 6,210,000 Est. Cost $0.86 Unrealized —

— HORSEHEAD HLDG CORP 1.3%

Value ($000) $4,285 Shares 365,645 Est. Cost $12.66 Unrealized —

— PLY GEM HLDGS INC 1.1%

Value ($000) $3,551 Shares 301,197 Est. Cost $18.30 Unrealized —

— COBALT INTL ENERGY INC 0.9%

Value ($000) $2,816 Shares 290,000 Est. Cost — Unrealized —

— CUMULUS MEDIA INC 0.8%

Value ($000) $2,507 Shares 1,234,906 Est. Cost $2.47 Unrealized —

— OUTFRONT MEDIA INC 0.7%

Value ($000) $2,263 Shares 89,663 Est. Cost $26.84 Unrealized —

— ERICKSON INC 0.3%

Value ($000) $998 Shares 229,925 Est. Cost $15.66 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	363,300	$74,785	23.1%	—	—	Put	78462F103
HYG	ISHARES	707,000	$62,782	19.4%	—	—	Put	464288513
IWM	ISHARES TR	448,400	$55,987	17.3%	—	—	Put	464287655
—	UTI WORLDWIDE INC	19,805,000	$20,622	6.4%	$1.09	—	NOTE 4.500% 3/0	90349LAB0
—	HORSEHEAD HLDG CORP	12,300,000	$12,818	4.0%	$1.07	—	NOTE 3.800% 7/0	440694AB3
—	AMERICAN CAP LTD	656,185	$8,891	2.7%	$14.41	—	COM	02503Y103
ALLY	ALLY FINL INC	372,699	$8,360	2.6%	$16.11	+4.6%	COM	02005N100
—	AMERICAN RLTY CAP PPTYS INC	966,929	$7,861	2.4%	$13.55	—	COM	02917T104
CUBI	CUSTOMERS BANCORP INC	259,601	$6,981	2.2%	$16.51	+54.8%	COM	23204G100
—	NORTEK INC	82,544	$6,862	2.1%	$66.27	—	COM NEW	656559309
LPLA	LPL FINL HLDGS INC	143,304	$6,662	2.1%	$43.25	0.0%	COM	50212V100
—	COBALT INTL ENERGY INC	9,000,000	$6,600	2.0%	$0.68	—	NOTE 3.125% 5/1	19075FAB2
—	GRACE W R & CO DEL NEW	65,657	$6,585	2.0%	$91.31	—	COM	38388F108
—	EXTERRAN HLDGS INC	179,800	$5,870	1.8%	$32.65	—	COM	30225X103
—	HORSEHEAD HLDG CORP	458,100	$5,369	1.7%	$12.66	—	Put	440694305
—	INTERNATIONAL SPEEDWAY CORP	146,301	$5,365	1.7%	$36.67	—	CL A	460335201
—	ASCENT CAP GROUP INC	6,210,000	$5,320	1.6%	$0.86	—	NOTE 4.000% 7/1	043632AA6
—	HORSEHEAD HLDG CORP	365,645	$4,285	1.3%	$12.66	—	COM	440694305
—	PLY GEM HLDGS INC	301,197	$3,551	1.1%	$18.30	—	COM	72941W100
—	COBALT INTL ENERGY INC	290,000	$2,816	0.9%	—	—	Put	19075F106
—	CUMULUS MEDIA INC	1,234,906	$2,507	0.8%	$2.47	—	CL A	231082108
—	OUTFRONT MEDIA INC	89,663	$2,263	0.7%	$26.84	—	COM	69007J106
—	ERICKSON INC	229,925	$998	0.3%	$15.66	—	COM	29482P100