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

Name: Watershed Asset Management, L.L.C. Q3 2015 13F Filing | 13F Explorer
Creator: Watershed Asset Management, L.L.C.
Published: 2015-11-13

Location: San Francisco, CA

CIK: 0001315926 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 13, 2015

Total Value: $238M (88.8% shares, 11.2% debt)

Holdings (20)

SPY SPDR S&P 500 ETF TR 34.8%

Value $82.57M Shares 430,900 Share Price $191.63 Est. Cost/Share — Unrealized @ Report Date —

IWM ISHARES TR 24.4%

Value $58.03M Shares 531,400 Share Price $109.20 Est. Cost/Share — Unrealized @ Report Date —

HYG ISHARES TR 10.3%

Value $24.55M Shares 294,800 Share Price $83.29 Est. Cost/Share — Unrealized @ Report Date —

— UTI WORLDWIDE INC 6.5%

Value $15.53M Shares 20,805,000 Share Price $0.75 Est. Cost/Share $1.07 Unrealized @ Report Date —

ALLY ALLY FINL INC 3.4%

Value $8.132M Shares 399,015 Share Price $20.38 * Est. Cost/Share $16.14 Unrealized @ Report Date +2.9%

— AMERICAN CAP LTD 3.4%

Value $8.115M Shares 667,332 Share Price $12.16 Est. Cost/Share $14.37 Unrealized @ Report Date —

— VEREIT INC 2.5%

Value $6.051M Shares 783,872 Share Price $7.72 Est. Cost/Share $7.72 Unrealized @ Report Date —

— HORSEHEAD HLDG CORP 2.4%

Value $5.79M Shares 9,500,000 Share Price $0.61 Est. Cost/Share $1.07 Unrealized @ Report Date —

— ASCENT CAP GROUP INC 2.2%

Value $5.279M Shares 7,210,000 Share Price $0.73 Est. Cost/Share $0.84 Unrealized @ Report Date —

— INTERNATIONAL SPEEDWAY CORP 2.2%

Value $5.116M Shares 161,301 Share Price $31.72 Est. Cost/Share $36.21 Unrealized @ Report Date —

— NORTEK INC 1.8%

Value $4.39M Shares 69,344 Share Price $63.31 Est. Cost/Share $66.27 Unrealized @ Report Date —

LPLA LPL FINL HLDGS INC 1.7%

Value $4.152M Shares 104,410 Share Price $39.77 * Est. Cost/Share $43.25 Unrealized @ Report Date -0.5%

HAL HALLIBURTON CO 1.2%

Value $2.757M Shares 78,000 Share Price $35.35 * Est. Cost/Share $32.17 Unrealized @ Report Date 0.0%

— OUTFRONT MEDIA INC 1.1%

Value $2.52M Shares 121,177 Share Price $20.80 Est. Cost/Share $25.27 Unrealized @ Report Date —

— HORSEHEAD HLDG CORP 0.6%

Value $1.52M Shares 500,000 Share Price $3.04 Est. Cost/Share $12.66 Unrealized @ Report Date —

— EXTERRAN HLDGS INC 0.6%

Value $1.311M Shares 72,820 Share Price $18.00 Est. Cost/Share $32.65 Unrealized @ Report Date —

— CUMULUS MEDIA INC 0.4%

Value $884K Shares 1,255,405 Share Price $0.70 Est. Cost/Share $2.44 Unrealized @ Report Date —

ARCC ARES CAP CORP 0.3%

Value $724K Shares 50,000 Share Price $14.48 * Est. Cost/Share $5.81 Unrealized @ Report Date 0.0%

CUBI CUSTOMERS BANCORP INC 0.1%

Value $124K Shares 4,811 Share Price $25.77 Est. Cost/Share $16.51 Unrealized @ Report Date +54.1%

— ERICKSON INC 0.0%

Value $43,000 Shares 13,679 Share Price $3.14 Est. Cost/Share $15.66 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	430,900	$82.57M	34.8%	$191.63	—	—	Put	78462F103
IWM	ISHARES TR	531,400	$58.03M	24.4%	$109.20	—	—	Put	464287655
HYG	ISHARES TR	294,800	$24.55M	10.3%	$83.29	—	—	Put	464288513
—	UTI WORLDWIDE INC	20,805,000	$15.53M	6.5%	$0.75	$1.07	—	NOTE 4.500% 3/0	90349LAB0
ALLY	ALLY FINL INC	399,015	$8.132M	3.4%	$20.38 *	$16.14	+2.9%	COM	02005N100
—	AMERICAN CAP LTD	667,332	$8.115M	3.4%	$12.16	$14.37	—	COM	02503Y103
—	VEREIT INC	783,872	$6.051M	2.5%	$7.72	$7.72	—	COM	92339V100
—	HORSEHEAD HLDG CORP	9,500,000	$5.79M	2.4%	$0.61	$1.07	—	NOTE 3.800% 7/0	440694AB3
—	ASCENT CAP GROUP INC	7,210,000	$5.279M	2.2%	$0.73	$0.84	—	NOTE 4.000% 7/1	043632AA6
—	INTERNATIONAL SPEEDWAY CORP	161,301	$5.116M	2.2%	$31.72	$36.21	—	CL A	460335201
—	NORTEK INC	69,344	$4.39M	1.8%	$63.31	$66.27	—	COM NEW	656559309
LPLA	LPL FINL HLDGS INC	104,410	$4.152M	1.7%	$39.77 *	$43.25	-0.5%	COM	50212V100
HAL	HALLIBURTON CO	78,000	$2.757M	1.2%	$35.35 *	$32.17	0.0%	COM	406216101
—	OUTFRONT MEDIA INC	121,177	$2.52M	1.1%	$20.80	$25.27	—	COM	69007J106
—	HORSEHEAD HLDG CORP	500,000	$1.52M	0.6%	$3.04	$12.66	—	Put	440694305
—	EXTERRAN HLDGS INC	72,820	$1.311M	0.6%	$18.00	$32.65	—	COM	30225X103
—	CUMULUS MEDIA INC	1,255,405	$884K	0.4%	$0.70	$2.44	—	CL A	231082108
ARCC	ARES CAP CORP	50,000	$724K	0.3%	$14.48 *	$5.81	0.0%	COM	04010L103
CUBI	CUSTOMERS BANCORP INC	4,811	$124K	0.1%	$25.77	$16.51	+54.1%	COM	23204G100
—	ERICKSON INC	13,679	$43,000	0.0%	$3.14	$15.66	—	COM	29482P100