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

Name: Watershed Asset Management, L.L.C. Q4 2015 13F Filing | 13F Explorer
Creator: Watershed Asset Management, L.L.C.
Published: 2016-02-05

Location: San Francisco, CA

CIK: 0001315926 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 5, 2016

Total Value: $72.79M (89.9% shares, 10.1% debt)

Holdings (8)

SPY SPDR S&P 500 ETF TR 42.0%

Value $30.58M Shares 150,000 Est. Cost — Unrealized —

IWM ISHARES TR 37.1%

Value $27.03M Shares 240,000 Est. Cost — Unrealized —

— ASCENT CAP GROUP INC 6.5%

Value $4.73M Shares 7,210,000 Est. Cost $0.84 Unrealized —

ALLY ALLY FINL INC 6.4%

Value $4.694M Shares 251,815 Est. Cost $16.14 Unrealized -6.2%

— HORSEHEAD HLDG CORP 3.6%

Value $2.656M Shares 9,500,000 Est. Cost $1.07 Unrealized —

— PENNEY J C INC 2.3%

Value $1.665M Shares 250,000 Est. Cost — Unrealized —

— HORSEHEAD HLDG CORP 1.4%

Value $1.025M Shares 500,000 Est. Cost — Unrealized —

— CUMULUS MEDIA INC 0.6%

Value $414K Shares 1,255,405 Est. Cost $2.44 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	150,000	$30.58M	42.0%	—	—	Put	78462F103
IWM	ISHARES TR	240,000	$27.03M	37.1%	—	—	Put	464287655
—	ASCENT CAP GROUP INC	7,210,000	$4.73M	6.5%	$0.84	—	NOTE 4.000% 7/1	043632AA6
ALLY	ALLY FINL INC	251,815	$4.694M	6.4%	$16.14	-6.2%	COM	02005N100
—	HORSEHEAD HLDG CORP	9,500,000	$2.656M	3.6%	$1.07	—	NOTE 3.800% 7/0	440694AB3
—	PENNEY J C INC	250,000	$1.665M	2.3%	—	—	Put	708160106
—	HORSEHEAD HLDG CORP	500,000	$1.025M	1.4%	—	—	Put	440694305
—	CUMULUS MEDIA INC	1,255,405	$414K	0.6%	$2.44	—	CL A	231082108