Location: London, United Kingdom
CIK: 0001700286 · Show all filings
Period: Q2 2017 (Next →)
Filing Date: Aug 4, 2017
Total Value: $980M (52.4% shares, 47.6% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | ROYAL BK SCOTLAND GROUP PLC | 124,150,000 | $135M | 13.8% | $1.09 | — | NOTE 8.625%12/3 | 780097BB6 |
| — | POWERSHARES QQQ TRUST | 484,000 | $66.62M | 6.8% | — | — | Put | 73935A104 |
| — | HSBC HLDGS PLC | 59,000,000 | $63.95M | 6.5% | $1.08 | — | NOTE 6.875%12/3 | 404280BC2 |
| — | HSBC HLDGS PLC | 59,500,000 | $61.56M | 6.3% | $1.03 | — | NOTE 6.000%12/3 | 404280BL2 |
| — | ROYAL BK OF SCOTLAND PLC | 46,800,000 | $48.4M | 4.9% | $1.03 | — | DEBT 7.500%12/3 | 780099CJ4 |
| WFC | WELLS FARGO CO NEW | 703,310 | $38.97M | 4.0% | $42.18 | 0.0% | COM | 949746101 |
| — | ROYAL BK OF SCOTLAND PLC | 34,200,000 | $37.21M | 3.8% | $1.09 | — | NOTE 8.000%12/3 | 780099CK1 |
| — | DISCOVER FINL SVCS | 485,100 | $30.17M | 3.1% | $62.19 | — | COM | 254709108 |
| C | CITIGROUP INC | 440,079 | $29.43M | 3.0% | $46.46 | 0.0% | COM NEW | 172967424 |
| — | ING GROEP N V | 27,300,000 | $28.74M | 2.9% | $1.05 | — | DBCV 6.500%12/3 | 456837AF0 |
| EWY | ISHARES | 400,000 | $27.12M | 2.8% | — | — | Put | 464286772 |
| IYR | ISHARES TR | 340,000 | $27.12M | 2.8% | — | — | Put | 464287739 |
| — | PENNYMAC CORP | 26,997,000 | $26.81M | 2.7% | $0.99 | — | NOTE 5.375% 5/0 | 70932AAB9 |
| VOYA | VOYA FINL INC | 625,125 | $23.06M | 2.4% | $32.66 | 0.0% | COM | 929089100 |
| — | BLACKSTONE GROUP L P | 691,200 | $23.05M | 2.4% | $33.35 | — | COM UNIT LTD | 09253U108 |
| BAC | BANK AMER CORP | 908,788 | $22.05M | 2.2% | $19.10 | 0.0% | COM | 060505104 |
| — | E TRADE FINANCIAL CORP | 537,845 | $20.45M | 2.1% | $38.03 | — | COM NEW | 269246401 |
| — | WELLS FARGO CO NEW | 15,300 | $20.06M | 2.0% | $1311.11 | — | *W EXP 10/28/201 | 949746804 |
| HBAN | HUNTINGTON BANCSHARES INC | 1,178,217 | $15.93M | 1.6% | $8.89 | 0.0% | COM | 446150104 |
| FITB | FIFTH THIRD BANCORP | 609,101 | $15.81M | 1.6% | $18.02 | 0.0% | COM | 316773100 |
| — | BARCLAYS PLC | 15,045,000 | $15.37M | 1.6% | $1.02 | — | NOTE 6.625%12/3 | 06738EAB1 |
| — | DEUTSCHE BANK A G | 13,200,000 | $13.59M | 1.4% | $1.03 | — | NOTE 7.500%12/3 | 251525AN1 |
| JPM | JPMORGAN CHASE & CO | 135,550 | $12.39M | 1.3% | $68.54 | 0.0% | COM | 46625H100 |
| XLF | SELECT SECTOR SPDR TR | 500,000 | $12.34M | 1.3% | — | — | Put | 81369Y605 |
| — | BB&T CORP | 223,889 | $10.17M | 1.0% | $45.41 | — | COM | 054937107 |
| SOCGEN V8.25 PERP EMTN | SOCIETE GENERALE | 9,490,000 | $10.09M | 1.0% | $1.06 | — | DEBT 8.250%12/3 | F849BQAA2 |
| — | ENCORE CAP GROUP INC | 9,526,000 | $9.052M | 0.9% | $0.95 | — | NOTE 2.875% 3/1 | 292554AH5 |
| — | HSBC HLDGS PLC | 8,600,000 | $9.021M | 0.9% | $1.05 | — | DBCV 6.375%12/3 | 404280AS8 |
| — | SANTANDER CONSUMER USA HDG I | 677,046 | $8.639M | 0.9% | $12.76 | — | COM | 80283M101 |
| MTG | MGIC INVT CORP WIS | 691,200 | $7.741M | 0.8% | $10.75 | 0.0% | COM | 552848103 |
| — | ROYAL BK SCOTLAND GROUP PLC | 296,016 | $7.664M | 0.8% | $25.89 | — | SP ADR PREF S | 780097739 |
| BAC | BANK AMER CORP | 288,600 | $7.001M | 0.7% | $19.10 | 0.0% | Call | 060505104 |
| BRX | BRIXMOR PPTY GROUP INC | 381,540 | $6.822M | 0.7% | $17.88 | — | COM | 11120U105 |
| — | DISCOVER FINL SVCS | 100,000 | $6.219M | 0.6% | $62.19 | — | Call | 254709108 |
| KIM | KIMCO RLTY CORP | 336,075 | $6.167M | 0.6% | $12.68 | 0.0% | COM | 49446R109 |
| RY | ROYAL BK CDA MONTREAL QUE | 84,000 | $6.085M | 0.6% | — | — | Put | 780087102 |
| COF | CAPITAL ONE FINL CORP | 68,050 | $5.622M | 0.6% | $69.96 | 0.0% | COM | 14040H105 |
| RF | REGIONS FINL CORP NEW | 382,650 | $5.602M | 0.6% | $10.15 | 0.0% | COM | 7591EP100 |
| — | ELLIE MAE INC | 50,000 | $5.496M | 0.6% | — | — | Put | 28849P100 |
| — | CARLYLE GROUP L P | 275,247 | $5.436M | 0.6% | $19.75 | — | COM UTS LTD PTN | 14309L102 |
| BNP V6.75 PERP REGS | BNP PARIBAS | 5,000,000 | $5.312M | 0.5% | $1.06 | — | DEBT 12/3 | F1R15XK69 |
| MET | METLIFE INC | 93,530 | $5.139M | 0.5% | $34.63 | 0.0% | COM | 59156R108 |
| KRE | SPDR SERIES TRUST | 83,550 | $4.591M | 0.5% | $54.95 | — | S&P REGL BKG | 78464A698 |
| MAC | MACERICH CO | 67,950 | $3.945M | 0.4% | $58.06 | — | COM | 554382101 |
| — | LAZARD LTD | 84,050 | $3.894M | 0.4% | $46.33 | — | SHS A | G54050102 |
| LNC | LINCOLN NATL CORP IND | 56,500 | $3.818M | 0.4% | $46.60 | 0.0% | COM | 534187109 |
| — | ANNALY CAP MGMT INC | 250,000 | $3.013M | 0.3% | — | — | Put | 035710409 |
| — | BLACKSTONE GROUP L P | 75,000 | $2.501M | 0.3% | $33.35 | — | Call | 09253U108 |
| — | KKR & CO L P DEL | 129,450 | $2.408M | 0.2% | $18.60 | — | COM UNITS | 48248M102 |
| GS | GOLDMAN SACHS GROUP INC | 10,650 | $2.363M | 0.2% | $184.61 | 0.0% | COM | 38141G104 |
| — | ING GROEP N V | 2,250,000 | $2.308M | 0.2% | $1.03 | — | DBCV 6.000%12/3 | 456837AE3 |
| FNB | FNB CORP PA | 160,900 | $2.278M | 0.2% | $10.03 | 0.0% | COM | 302520101 |
| JPM | JPMORGAN CHASE & CO | 20,500 | $1.874M | 0.2% | $68.54 | 0.0% | Call | 46625H100 |
| TSLA | TESLA INC | 5,000 | $1.808M | 0.2% | — | — | Put | 88160R101 |
| GS | GOLDMAN SACHS GROUP INC | 6,100 | $1.354M | 0.1% | $184.61 | 0.0% | Call | 38141G104 |
| — | OCH ZIFF CAP MGMT GROUP | 395,700 | $1.013M | 0.1% | $2.56 | — | CL A | 67551U105 |