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

CIK: 0001315926 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 5, 2016

Total Value ($000): $72,794 (89.9% shares, 10.1% debt)

Holdings (8)

SPY SPDR S&P 500 ETF TR 42.0%

Value ($000) $30,581 Shares 150,000 Est. Cost — Unrealized —

IWM ISHARES TR 37.1%

Value ($000) $27,029 Shares 240,000 Est. Cost — Unrealized —

— ASCENT CAP GROUP INC 6.5%

Value ($000) $4,730 Shares 7,210,000 Est. Cost $0.84 Unrealized —

ALLY ALLY FINL INC 6.4%

Value ($000) $4,694 Shares 251,815 Est. Cost $16.14 Unrealized -6.2%

— HORSEHEAD HLDG CORP 3.6%

Value ($000) $2,656 Shares 9,500,000 Est. Cost $1.07 Unrealized —

— PENNEY J C INC 2.3%

Value ($000) $1,665 Shares 250,000 Est. Cost — Unrealized —

— HORSEHEAD HLDG CORP 1.4%

Value ($000) $1,025 Shares 500,000 Est. Cost — Unrealized —

— CUMULUS MEDIA INC 0.6%

Value ($000) $414 Shares 1,255,405 Est. Cost $2.44 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	150,000	$30,581	42.0%	—	—	Put	78462F103
IWM	ISHARES TR	240,000	$27,029	37.1%	—	—	Put	464287655
—	ASCENT CAP GROUP INC	7,210,000	$4,730	6.5%	$0.84	—	NOTE 4.000% 7/1	043632AA6
ALLY	ALLY FINL INC	251,815	$4,694	6.4%	$16.14	-6.2%	COM	02005N100
—	HORSEHEAD HLDG CORP	9,500,000	$2,656	3.6%	$1.07	—	NOTE 3.800% 7/0	440694AB3
—	PENNEY J C INC	250,000	$1,665	2.3%	—	—	Put	708160106
—	HORSEHEAD HLDG CORP	500,000	$1,025	1.4%	—	—	Put	440694305
—	CUMULUS MEDIA INC	1,255,405	$414	0.6%	$2.44	—	CL A	231082108