ALGEBRIS (UK) LTD Hedge Fund

Location: London, United Kingdom

CIK: 0001700286 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 17, 2021

Total Value: $326M (98.3% shares, 1.7% debt)

Holdings (33)

TLT ISHARES TR 23.2%

Value $75.68M Shares 479,800 Est. Cost — Unrealized —

HYG ISHARES TR 11.7%

Value $38.19M Shares 437,500 Est. Cost — Unrealized —

WFC WELLS FARGO CO NEW 7.2%

Value $23.37M Shares 774,494 Est. Cost $27.88 Unrealized -17.4%

— ATHENE HOLDING LTD 6.7%

Value $21.71M Shares 503,220 Est. Cost $42.57 Unrealized —

TLT ISHARES TR 6.1%

Value $20.05M Shares 127,085 Est. Cost — Unrealized —

C CITIGROUP INC 5.9%

Value $19.25M Shares 312,210 Est. Cost $49.67 Unrealized -14.7%

PRU PRUDENTIAL FINL INC 5.8%

Value $19.05M Shares 244,006 Est. Cost $55.67 Unrealized +1.2%

EQH EQUITABLE HLDGS INC 5.3%

Value $17.4M Shares 679,885 Est. Cost $18.22 Unrealized +13.0%

— AGNC INVESTMENT REIT ORD (NMS) 3.9%

Value $12.63M Shares 809,927 Est. Cost $15.60 Unrealized —

VLO VALERO ENERGY CORP 3.2%

Value $10.51M Shares 185,800 Est. Cost — Unrealized —

WFC WELLS FARGO CO NEW 2.5%

Value $8.149M Shares 270,000 Est. Cost $27.88 Unrealized -17.4%

BPOP POPULAR INC 1.9%

Value $6.198M Shares 110,041 Est. Cost $36.66 Unrealized +11.5%

VOYA VOYA FINANCIAL INC 1.7%

Value $5.393M Shares 91,705 Est. Cost $45.76 Unrealized +8.2%

— FLAGSTAR BANCORP INC 1.3%

Value $4.304M Shares 105,587 Est. Cost $30.65 Unrealized —

GS GOLDMAN SACHS GROUP INC 1.3%

Value $4.286M Shares 16,253 Est. Cost $197.01 Unrealized 0.0%

GS GOLDMAN SACHS GROUP INC 1.3%

Value $4.219M Shares 16,000 Est. Cost $197.01 Unrealized 0.0%

BK BANK NEW YORK MELLON CORP 1.2%

Value $3.856M Shares 90,846 Est. Cost $33.17 Unrealized 0.0%

IVZ INVESCO LTD 1.2%

Value $3.768M Shares 216,191 Est. Cost $12.44 Unrealized 0.0%

CCL CARNIVAL CORP 1.1%

Value $3.665M Shares 169,205 Est. Cost — Unrealized —

— NEW YORK CMNTY BANCORP INC 1.1%

Value $3.43M Shares 325,085 Est. Cost $10.55 Unrealized —

AB ALLIANCEBERNSTEIN HLDG L P 1.0%

Value $3.278M Shares 97,062 Est. Cost $33.77 Unrealized —

— PEBBLEBROOK HOTEL TR 1.0%

Value $3.208M Shares 3,000,000 Est. Cost $1.07 Unrealized —

VOYA VOYA FINANCIAL INC 0.8%

Value $2.646M Shares 45,000 Est. Cost $45.76 Unrealized +8.2%

FHI FEDERATED HERMES INC 0.7%

Value $2.253M Shares 78,000 Est. Cost $21.40 Unrealized 0.0%

AB ALLIANCEBERNSTEIN HLDG L P 0.5%

Value $1.689M Shares 50,000 Est. Cost $33.77 Unrealized —

FHI FEDERATED HERMES INC 0.4%

Value $1.445M Shares 50,000 Est. Cost $21.40 Unrealized 0.0%

COF CAPITAL ONE FINL CORP 0.4%

Value $1.336M Shares 13,517 Est. Cost $73.52 Unrealized +5.7%

— PINDUODUO INC 0.4%

Value $1.231M Shares 1,000,000 Est. Cost $1.23 Unrealized —

— FIAT CHRYSLER AUTOMOBILES N 0.3%

Value $1.003M Shares 56,000 Est. Cost $17.91 Unrealized —

— APOLLO CMMRL REAL EST FI 0.3%

Value $949K Shares 1,000,000 Est. Cost $0.73 Unrealized —

IVZ INVESCO LTD 0.2%

Value $732K Shares 42,000 Est. Cost $12.44 Unrealized 0.0%

RDN RADIAN GROUP INC 0.2%

Value $709K Shares 35,000 Est. Cost $15.90 Unrealized 0.0%

PFSI PENNYMAC FINANCIAL ORD (NYS) 0.2%

Value $667K Shares 10,161 Est. Cost $55.70 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TLT	ISHARES TR	479,800	$75.68M	23.2%	—	—	Put	464287432
HYG	ISHARES TR	437,500	$38.19M	11.7%	—	—	Put	464288513
WFC	WELLS FARGO CO NEW	774,494	$23.37M	7.2%	$27.88	-17.4%	COM	949746101
—	ATHENE HOLDING LTD	503,220	$21.71M	6.7%	$42.57	—	CL A	G0684D107
TLT	ISHARES TR	127,085	$20.05M	6.1%	—	—	Call	464287432
C	CITIGROUP INC	312,210	$19.25M	5.9%	$49.67	-14.7%	COM NEW	172967424
PRU	PRUDENTIAL FINL INC	244,006	$19.05M	5.8%	$55.67	+1.2%	COM	744320102
EQH	EQUITABLE HLDGS INC	679,885	$17.4M	5.3%	$18.22	+13.0%	COM	29452E101
—	AGNC INVESTMENT REIT ORD (NMS)	809,927	$12.63M	3.9%	$15.60	—	SHS	02503X105
VLO	VALERO ENERGY CORP	185,800	$10.51M	3.2%	—	—	Call	91913Y100
WFC	WELLS FARGO CO NEW	270,000	$8.149M	2.5%	$27.88	-17.4%	Call	949746101
BPOP	POPULAR INC	110,041	$6.198M	1.9%	$36.66	+11.5%	COM NEW	733174700
VOYA	VOYA FINANCIAL INC	91,705	$5.393M	1.7%	$45.76	+8.2%	COM	929089100
—	FLAGSTAR BANCORP INC	105,587	$4.304M	1.3%	$30.65	—	COM PAR .001	337930705
GS	GOLDMAN SACHS GROUP INC	16,253	$4.286M	1.3%	$197.01	0.0%	COM	38141G104
GS	GOLDMAN SACHS GROUP INC	16,000	$4.219M	1.3%	$197.01	0.0%	Call	38141G104
BK	BANK NEW YORK MELLON CORP	90,846	$3.856M	1.2%	$33.17	0.0%	COM	064058100
IVZ	INVESCO LTD	216,191	$3.768M	1.2%	$12.44	0.0%	SHS	G491BT108
CCL	CARNIVAL CORP	169,205	$3.665M	1.1%	—	—	Call	143658300
—	NEW YORK CMNTY BANCORP INC	325,085	$3.43M	1.1%	$10.55	—	COM	649445103
AB	ALLIANCEBERNSTEIN HLDG L P	97,062	$3.278M	1.0%	$33.77	—	UNIT LTD PARTN	01881G106
—	PEBBLEBROOK HOTEL TR	3,000,000	$3.208M	1.0%	$1.07	—	NOTE 1.750%12/1	70509VAA8
VOYA	VOYA FINANCIAL INC	45,000	$2.646M	0.8%	$45.76	+8.2%	Call	929089100
FHI	FEDERATED HERMES INC	78,000	$2.253M	0.7%	$21.40	0.0%	CL B	314211103
AB	ALLIANCEBERNSTEIN HLDG L P	50,000	$1.689M	0.5%	$33.77	—	Call	01881G106
FHI	FEDERATED HERMES INC	50,000	$1.445M	0.4%	$21.40	0.0%	Call	314211103
COF	CAPITAL ONE FINL CORP	13,517	$1.336M	0.4%	$73.52	+5.7%	COM	14040H105
—	PINDUODUO INC	1,000,000	$1.231M	0.4%	$1.23	—	NOTE 0.000% 2025-12-01	722304AC6
—	FIAT CHRYSLER AUTOMOBILES N	56,000	$1.003M	0.3%	$17.91	—	SHS	N31738102
—	APOLLO CMMRL REAL EST FI	1,000,000	$949K	0.3%	$0.73	—	NOTE 4.500% 2022-08-23	03762UAB1
IVZ	INVESCO LTD	42,000	$732K	0.2%	$12.44	0.0%	Call	G491BT108
RDN	RADIAN GROUP INC	35,000	$709K	0.2%	$15.90	0.0%	COM	750236101
PFSI	PENNYMAC FINANCIAL ORD (NYS)	10,161	$667K	0.2%	$55.70	0.0%	ORD	70932M107