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

CIK: 0001315926 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 13, 2015

Total Value ($000): $237,590 (88.8% shares, 11.2% debt)

Holdings (20)

SPY SPDR S&P 500 ETF TR 34.8%

Value ($000) $82,573 Shares 430,900 Est. Cost — Unrealized —

IWM ISHARES TR 24.4%

Value ($000) $58,029 Shares 531,400 Est. Cost — Unrealized —

HYG ISHARES TR 10.3%

Value ($000) $24,554 Shares 294,800 Est. Cost — Unrealized —

— UTI WORLDWIDE INC 6.5%

Value ($000) $15,526 Shares 20,805,000 Est. Cost $1.07 Unrealized —

ALLY ALLY FINL INC 3.4%

Value ($000) $8,132 Shares 399,015 Est. Cost $16.14 Unrealized +2.9%

— AMERICAN CAP LTD 3.4%

Value ($000) $8,115 Shares 667,332 Est. Cost $14.37 Unrealized —

— VEREIT INC 2.5%

Value ($000) $6,051 Shares 783,872 Est. Cost $7.72 Unrealized —

— HORSEHEAD HLDG CORP 2.4%

Value ($000) $5,790 Shares 9,500,000 Est. Cost $1.07 Unrealized —

— ASCENT CAP GROUP INC 2.2%

Value ($000) $5,279 Shares 7,210,000 Est. Cost $0.84 Unrealized —

— INTERNATIONAL SPEEDWAY CORP 2.2%

Value ($000) $5,116 Shares 161,301 Est. Cost $36.21 Unrealized —

— NORTEK INC 1.8%

Value ($000) $4,390 Shares 69,344 Est. Cost $66.27 Unrealized —

LPLA LPL FINL HLDGS INC 1.7%

Value ($000) $4,152 Shares 104,410 Est. Cost $43.25 Unrealized -0.5%

HAL HALLIBURTON CO 1.2%

Value ($000) $2,757 Shares 78,000 Est. Cost $32.17 Unrealized 0.0%

— OUTFRONT MEDIA INC 1.1%

Value ($000) $2,520 Shares 121,177 Est. Cost $25.27 Unrealized —

— HORSEHEAD HLDG CORP 0.6%

Value ($000) $1,520 Shares 500,000 Est. Cost $12.66 Unrealized —

— EXTERRAN HLDGS INC 0.6%

Value ($000) $1,311 Shares 72,820 Est. Cost $32.65 Unrealized —

— CUMULUS MEDIA INC 0.4%

Value ($000) $884 Shares 1,255,405 Est. Cost $2.44 Unrealized —

ARCC ARES CAP CORP 0.3%

Value ($000) $724 Shares 50,000 Est. Cost $5.81 Unrealized 0.0%

CUBI CUSTOMERS BANCORP INC 0.1%

Value ($000) $124 Shares 4,811 Est. Cost $16.51 Unrealized +54.1%

— ERICKSON INC 0.0%

Value ($000) $43 Shares 13,679 Est. Cost $15.66 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	430,900	$82,573	34.8%	—	—	Put	78462F103
IWM	ISHARES TR	531,400	$58,029	24.4%	—	—	Put	464287655
HYG	ISHARES TR	294,800	$24,554	10.3%	—	—	Put	464288513
—	UTI WORLDWIDE INC	20,805,000	$15,526	6.5%	$1.07	—	NOTE 4.500% 3/0	90349LAB0
ALLY	ALLY FINL INC	399,015	$8,132	3.4%	$16.14	+2.9%	COM	02005N100
—	AMERICAN CAP LTD	667,332	$8,115	3.4%	$14.37	—	COM	02503Y103
—	VEREIT INC	783,872	$6,051	2.5%	$7.72	—	COM	92339V100
—	HORSEHEAD HLDG CORP	9,500,000	$5,790	2.4%	$1.07	—	NOTE 3.800% 7/0	440694AB3
—	ASCENT CAP GROUP INC	7,210,000	$5,279	2.2%	$0.84	—	NOTE 4.000% 7/1	043632AA6
—	INTERNATIONAL SPEEDWAY CORP	161,301	$5,116	2.2%	$36.21	—	CL A	460335201
—	NORTEK INC	69,344	$4,390	1.8%	$66.27	—	COM NEW	656559309
LPLA	LPL FINL HLDGS INC	104,410	$4,152	1.7%	$43.25	-0.5%	COM	50212V100
HAL	HALLIBURTON CO	78,000	$2,757	1.2%	$32.17	0.0%	COM	406216101
—	OUTFRONT MEDIA INC	121,177	$2,520	1.1%	$25.27	—	COM	69007J106
—	HORSEHEAD HLDG CORP	500,000	$1,520	0.6%	$12.66	—	Put	440694305
—	EXTERRAN HLDGS INC	72,820	$1,311	0.6%	$32.65	—	COM	30225X103
—	CUMULUS MEDIA INC	1,255,405	$884	0.4%	$2.44	—	CL A	231082108
ARCC	ARES CAP CORP	50,000	$724	0.3%	$5.81	0.0%	COM	04010L103
CUBI	CUSTOMERS BANCORP INC	4,811	$124	0.1%	$16.51	+54.1%	COM	23204G100
—	ERICKSON INC	13,679	$43	0.0%	$15.66	—	COM	29482P100