-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I5tXtRKPz89Ds70S0Yr2lbUkTBEzI5X9Cmgu4V9YYsxcEQqdQNssQ6iOEFktPheq QddWkgYJhXr4s3But/ZzCg== 0000919574-08-004199.txt : 20080806 0000919574-08-004199.hdr.sgml : 20080806 20080806151749 ACCESSION NUMBER: 0000919574-08-004199 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080630 FILED AS OF DATE: 20080806 DATE AS OF CHANGE: 20080806 EFFECTIVENESS DATE: 20080806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WATERSTONE ASSET MANAGEMENT, LLC CENTRAL INDEX KEY: 0001291095 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10925 FILM NUMBER: 08994683 BUSINESS ADDRESS: STREET 1: 2 CARLSON PARKWAY STREET 2: SUITE 260 CITY: PLYMOUTH STATE: MN ZIP: 55447 BUSINESS PHONE: 952-697-4102 MAIL ADDRESS: STREET 1: 2 CARLSON PARKWAY STREET 2: SUITE 260 CITY: PLYMOUTH STATE: MN ZIP: 55447 13F-HR 1 d907793_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended: June 30, 2008 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Waterstone Asset Management, LLC Address: 2 Carlson Parkway, Suite 260 Plymouth, Minnesota 55447 13F File Number: 028-10925 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Martin Kalish Title: Chief Financial Officer Phone: (952) 697-4102 Signature, Place and Date of Signing: /s/ Martin Kalish Plymouth, Minnesota August 06, 2008 - -------------------- ------------------------ ------------------ [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: 86 Form 13F Information Table Value Total: $2,099,781 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name 1. 028-12029 Waterstone Market Neutral Master Fund, Ltd. 2. 028-10926 Waterstone Capital Offshore Advisors, LP FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COL 4 COLUMN 5 COL 6 COL 7 COLUMN 8 MARKET TITLE OF CUSIP VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS NUMBER (x1000) PRN AMT PRN CALL DISCRTN MNGRS SOLE SHARED NONE 3M CO COM 88579Y101 4,621 66,400 SH DEFINED 1, 2 SOLE A D C TELECOMMUNICATIONS NOTE 3.500% 7/1 000886AE1 31,744 31,700,000 PRN DEFINED 1, 2 SOLE A D C TELECOMMUNICATIONS NOTE 3.500% 7/1 000886AF8 29,473 29,600,000 PRN DEFINED 1, 2 SOLE ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 22,588 35,500,000 PRN DEFINED 1, 2 SOLE ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 41,884 57,000,000 PRN DEFINED 1, 2 SOLE AMERICAN INTL GROUP INC COM 026874107 3,969 150,000 SH DEFINED 1, 2 SOLE AMERIGROUP CORP NOTE 2.000% 5/1 03073TAB8 16,714 20,080,000 PRN DEFINED 1, 2 SOLE APRIA HEALTHCARE GROUP INC NOTE 3.375% 9/0 037933AB4 44,899 45,004,000 PRN DEFINED 1, 2 SOLE ARCHER DANIELS MIDLAND CO COM 039483102 10,280 304,600 SH DEFINED 1, 2 SOLE ARCHER DANIELS MIDLAND CO COM 039483102 3,156 4,099 PUT DEFINED 1, 2 SOLE ASPEN INSURANCE HOLDINGS LTD SHS G05384105 2,114 89,300 SH DEFINED 1, 2 SOLE AT&T INC COM 00206R102 237 7,030 SH DEFINED 1, 2 SOLE BANK OF AMERICA CORPORATION COM 060505104 10,347 433,456 SH DEFINED 1, 2 SOLE BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 23,568 19,500,000 PRN DEFINED 1, 2 SOLE BOSTON PRIVATE FINL HLDGS IN NOTE 3.000% 7/1 101119AB1 10,139 11,350,000 PRN DEFINED 1, 2 SOLE BOSTON PRIVATE FINL HLDGS IN NOTE 3.000% 7/1 101119AC9 8,040 9,000,000 PRN DEFINED 1, 2 SOLE BRE PROPERTIES INC NOTE 4.125% 8/1 05564EBH8 2,320 2,500,000 PRN DEFINED 1, 2 SOLE CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 63,024 35,500,000 PRN DEFINED 1, 2 SOLE CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 196,184 110,500,000 PRN DEFINED 1, 2 SOLE CIBER INC SDCV 2.875%12/1 17163BAB8 25,636 25,894,000 PRN DEFINED 1, 2 SOLE CITIGROUP INC COM 172967101 1,140 68,000 SH DEFINED 1, 2 SOLE COUNTRYWIDE FINANCIAL CORP DBCV 5/1 222372AP9 12,930 13,752,000 PRN DEFINED 1, 2 SOLE CYPRESS SEMICONDUCTOR CORP NOTE 1.000% 9/1 232806AK5 10,915 9,425,000 PRN DEFINED 1, 2 SOLE ENDO PHARMACEUTICALS HLDGS I NOTE 1.750% 4/1 29264FAA4 29,802 30,000,000 PRN DEFINED 1, 2 SOLE EVERGREEN SOLAR INC COM 30033R108 2,800 288,925 SH DEFINED 1, 2 SOLE E M C CORP MASS COM 268648102 1,700 10,000 CALL DEFINED 1, 2 SOLE E M C CORP MASS COM 268648102 1,358 7,542 PUT DEFINED 1, 2 SOLE EXCEL MARITIME CARRIERS LTD COM V3267N107 1,892 48,200 SH DEFINED 1, 2 SOLE FAIR ISAAC CORP NOTE 1.500% 8/1 303250AD6 20,681 20,750,000 PRN DEFINED 1, 2 SOLE FLIR SYS INC NOTE 3.000% 6/0 302445AB7 61,196 16,542,000 PRN DEFINED 1, 2 SOLE GILEAD SCIENCES INC COM 375558103 71,937 1,358,580 SH DEFINED 1, 2 SOLE GREAT ATLANTIC & PAC TEA INC NOTE 5.125% 6/1 390064AJ2 9,790 10,500,000 PRN DEFINED 1, 2 SOLE GREAT ATLANTIC & PAC TEA INC COM 390064103 2,035 89,160 SH DEFINED 1, 2 SOLE GREY GLOBAL GROUP INC SDCV 5.000%10/1 39787MAB4 10,263 9,000,000 PRN DEFINED 1, 2 SOLE HANOVER COMPRESSOR CO NOTE 4.750% 1/1 410768AE5 49,713 29,832,000 PRN DEFINED 1, 2 SOLE HEADWATERS INC NOTE 2.875% 6/0 42210PAB8 2,782 3,448,000 PRN DEFINED 1, 2 SOLE HEADWATERS INC NOTE 2.500% 2/0 42210PAD4 1,417 2,000,000 PRN DEFINED 1, 2 SOLE HEALTH MGMT ASSOC INC NEW NOTE 4.375% 8/0 421933AF9 51,617 51,650,000 PRN DEFINED 1, 2 SOLE HERCULES OFFSHORE INC NOTE 3.375% 6/0 427093AA7 18,321 17,500,000 PRN DEFINED 1, 2 SOLE HOLOGIC INC FRNT 2.000%12/1 436440AA9 31,856 37,500,000 PRN DEFINED 1, 2 SOLE IMCLONE SYS INC NOTE 1.375% 5/1 45245WAF6 101,423 104,972,000 PRN DEFINED 1, 2 SOLE LANDAMERICA FINL GROUP INC DBCV 3.125%11/1 514936AB9 26,331 33,500,000 PRN DEFINED 1, 2 SOLE LANDAMERICA FINL GROUP INC DBCV 3.250% 5/1 514936AD5 4,556 6,500,000 PRN DEFINED 1, 2 SOLE LEHMAN BROS HLDGS INC COM 524908100 8,635 435,900 SH DEFINED 1, 2 SOLE LEHMAN BROS HLDGS INC 7.25%CONV SR P 52523J453 16,041 20,000 PRN DEFINED 1, 2 SOLE LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 27,726 29,000,000 PRN DEFINED 1, 2 SOLE LINEAR TECHNOLOGY CORP NOTE 3.125% 5/0 535678AD8 9,793 10,000,000 PRN DEFINED 1, 2 SOLE LUCENT TECHNOLOGIES INC DBCV 2.750% 6/1 549463AG2 60,514 66,452,000 PRN DEFINED 1, 2 SOLE MCMORAN EXPLORATION CO COM 582411104 8,256 300,000 SH DEFINED 1, 2 SOLE MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 28,371 27,500,000 PRN DEFINED 1, 2 SOLE MOLINA HEALTHCARE INC NOTE 3.750%10/0 60855RAA8 1,717 2,000,000 PRN DEFINED 1, 2 SOLE MYLAN INC COM 628530107 34,778 2,881,400 SH DEFINED 1, 2 SOLE NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 74,738 91,500,000 PRN DEFINED 1, 2 SOLE NEKTAR THERAPEUTICS COM 640268108 131 39,250 SH DEFINED 1, 2 SOLE NEW YORK CMNTY CAP TR V BONUSES 64944P307 67,189 1,428,600 SH DEFINED 1, 2 SOLE NII HLDGS INC NOTE 3.125% 6/1 62913FAJ1 18,991 22,500,000 PRN DEFINED 1, 2 SOLE NOVELL INC DBCV 0.500% 7/1 670006AC9 49,641 52,000,000 PRN DEFINED 1, 2 SOLE PARKER DRILLING CO NOTE 2.125% 7/1 701081AR2 5,541 5,474,000 PRN DEFINED 1, 2 SOLE PENN VA CORP NOTE 4.500%11/1 707882AA4 46,539 30,500,000 PRN DEFINED 1, 2 SOLE PHARMACEUTICAL RES INC NOTE 2.875% 9/3 717125AC2 15,529 17,270,000 PRN DEFINED 1, 2 SOLE PRIVATEBANCORP INC NOTE 3.625% 3/1 742962AD5 3,325 3,500,000 PRN DEFINED 1, 2 SOLE PROLOGIS NOTE 2.625% 5/1 743410AS1 9,040 10,000,000 PRN DEFINED 1, 2 SOLE PROSHARES TR ULTRASHRT O&G 74347R586 6,143 230,000 SH DEFINED 1, 2 SOLE REINSURANCE GROUP AMER INC PFD TR INC EQ 759351307 68,119 1,174,831 SH DEFINED 1, 2 SOLE SANDISK CORP COM 80004C101 2,917 156,005 SH DEFINED 1, 2 SOLE SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,113 74,200 SH DEFINED 1, 2 SOLE ST JUDE MED INC DBCV 1.220%12/1 790849AD5 85,421 86,000,000 PRN DEFINED 1, 2 SOLE SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 72,278 63,084,000 PRN DEFINED 1, 2 SOLE SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 128,380 111,050,000 PRN DEFINED 1, 2 SOLE TARGET CORP COM 87612E106 4,705 101,200 SH DEFINED 1, 2 SOLE TECH DATA CORP COM 878237106 5,893 173,893 SH DEFINED 1, 2 SOLE TEVA PHARMACEUTICAL INDS LTD ADR 881624209 1,875 2,500 CALL DEFINED 1, 2 SOLE TEVA PHARMACEUTICAL INDS LTD ADR 881624209 839 6,579 PUT DEFINED 1, 2 SOLE THERMO FISHER SCIENTIFIC INC COM 883556102 8,270 148,400 SH DEFINED 1, 2 SOLE THORNBURG MTG INC PFD E CV 7.50% 885218503 218 54,500 SH DEFINED 1, 2 SOLE THORNBURG MTG INC PFD CONV SER F 885218701 3,173 773,905 SH DEFINED 1, 2 SOLE TRANSOCEAN SEDCO FOREX INC NOTE 1.500%12/1 893830AV1 11,301 10,000,000 PRN DEFINED 1, 2 SOLE TRANSOCEAN SEDCO FOREX INC NOTE 1.500%12/1 893830AW9 22,783 20,000,000 PRN DEFINED 1, 2 SOLE TRINITY INDS INC NOTE 3.875% 6/0 896522AF6 36,589 38,000,000 PRN DEFINED 1, 2 SOLE ULTRA PETROLEUM CORP COM 903914109 19,906 202,711 SH DEFINED 1, 2 SOLE VERISIGN INC SDCV 3.250% 8/1 92343EAD4 22,495 17,500,000 PRN DEFINED 1, 2 SOLE WACHOVIA CORP NEW CONV7.5%PFD CL A 929903219 13,278 15,000 PRN DEFINED 1, 2 SOLE WASHINGTON REAL ESTATE INVT NOTE 3.875% 9/1 939653AJ0 4,503 5,000,000 PRN DEFINED 1, 2 SOLE WASHINGTON REAL ESTATE INVT NOTE 3.875% 9/1 939653AK7 1,351 1,500,000 PRN DEFINED 1, 2 SOLE XILINX INC COM 983919101 12,870 509,700 SH DEFINED 1, 2 SOLE YRC WORLDWIDE INC COM 984249102 471 31,700 SH DEFINED 1, 2 SOLE
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