Watershed Asset Management, L.L.C.

Q1 2014 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
3/31/2014
Date filed
5/14/2014
Form type
13F-HR
Num holdings
32
Total value ($000)
$302,591
Net value change ($000)
+121,841 (67.4%)
New positions
6
Sold out positions
4
Turnover %
43.3%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VEREIT INC COM 16,588 NEW
APC 8,222 NEW
NPO 6,870 NEW
LBTYA 2,704 NEW
LBTYA 2,646 NEW
BASIC ENERGY SERVICES, INC. 2,416 NEW
GPK 1,621 31.5%
CUBI 1,170 21.0%
HOUS 966 18.2%
AIG 867 15.6%
Top Reduces (Value $000, Stocks/ETFs)
COLE REAL ESTATE INVTS INC COM -12,602 -100.0%
ADT CORP -5,589 -100.0%
PLY GEM HLDGS INC -2,608 -26.7%
ROYAL BK SCOTLAND GROUP PLC -2,571 -100.0%
CLW -2,277 -36.9%
Consolidated Communications Holdings, Inc. -2,128 -100.0%
TESORO CORP -1,581 -23.3%
ROYAL BK SCOTLAND GROUP PLC -1,487 -29.8%
ERICKSON AIR-CRANE INC -1,118 -7.1%
INTELSAT S A -762 -8.3%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 155,840 (51.5% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type