-----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, JsF+5kjeDfAfxQr0i7fikvfoHqWQ0+ImBsKPNbK5mIdZBnVp9qoZP6lNpku4lVn5 8C0YHQBfyqaWTqKfV87/og== 0000919574-10-000782.txt : 20100211 0000919574-10-000782.hdr.sgml : 20100211 20100211155246 ACCESSION NUMBER: 0000919574-10-000782 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100211 DATE AS OF CHANGE: 20100211 EFFECTIVENESS DATE: 20100211 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: 10591753 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 d1065243_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: December 31, 2009 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 February 11, 2010 - -------------------- ------------------------ ------------------ [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: 3 Form 13F Information Table Entry Total: 53 Form 13F Information Table Value Total: $ 1,863,693 (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 3. Waterstone Market Neutral MAC 51 Ltd. FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COL 7 COLUMN 8 TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETION MNGRS SOLE SHR NONE 3M CO COM 88579Y101 945 11,431 SH Defined 1,2,3 11,431 A D C TELECOMMUNICATIONS FRNT 6/1 000886AB7 4,378 5,402,000 PRN Defined 1,2,3 5,402,000 A D C TELECOMMUNICATIONS NOTE 3.500% 7/1 000886AE1 24,009 31,700,000 PRN Defined 1,2,3 31,700,000 A D C TELECOMMUNICATIONS NOTE 3.500% 7/1 000886AF8 22,380 32,933,000 PRN Defined 1,2,3 32,933,000 ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 130,306 143,650,000 PRN Defined 1,2,3 143,650,000 ADVANCED MICRO DEVICES INC NOTE 5.750% 8/1 007903AN7 14,792 14,994,900 PRN Defined 1,2,3 14,994,900 AFFILIATED MANAGERS GROUP NOTE 3.950% 8/1 008252AL2 9,605 9,696,000 PRN Defined 1,2,3 9,696,000 AMERIGROUP CORP NOTE 2.000% 5/1 03073TAB8 25,073 26,000,000 PRN Defined 1,2,3 26,000,000 BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 20,727 21,355,000 PRN Defined 1,2,3 21,355,000 BOSTON PPTYS LTD PARTNERSHIP NOTE 2.875% 2/1 10112RAK0 6,646 6,750,000 PRN Defined 1,2,3 6,750,000 BRE PROPERTIES INC NOTE 4.125% 8/1 05564EBH8 2,640 2,660,000 PRN Defined 1,2,3 2,660,000 BUNGE LIMITED COM G16962105 15,958 250,000 SH PUT Defined 1,2,3 250,000 CEMEX SAB DE CV SPON ADR NEW 151290889 5,910 500,000 SH PUT Defined 1,2,3 500,000 CHARMING SHOPPES INC NOTE 1.125% 5/0 161133AE3 1,895 2,525,000 PRN Defined 1,2,3 2,525,000 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 80,689 90,384,000 PRN Defined 1,2,3 90,384,000 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 127,790 143,900,000 PRN Defined 1,2,3 143,900,000 DELTA PETE CORP NOTE 3.750% 5/0 247907AD0 8,029 11,386,000 PRN Defined 1,2,3 11,386,000 DEVELOPERS DIVERSIFIED RLTY NOTE 3.500% 8/1 251591AQ6 3,354 3,500,000 PRN Defined 1,2,3 3,500,000 DEVON ENERGY CORP NEW COM 25179M103 44,100 600,000 SH Defined 1,2,3 600,000 EVERGREEN SOLAR INC NOTE 4.000% 7/1 30033RAC2 9,557 18,500,000 PRN Defined 1,2,3 18,500,000 EXTERRAN HLDGS INC NOTE 4.250% 6/1 30225XAA1 41,258 35,000,000 PRN Defined 1,2,3 35,000,000 FIDELITY NATIONAL FINANCIAL CL A 31620R105 5,384 400,000 PRN Defined 1,2,3 400,000 GEORESOURCES INC COM 372476101 6,071 444,445 SH Defined 1,2,3 444,445 HANOVER COMPRESSOR CO NOTE 4.750% 1/1 410768AE5 19,145 21,247,000 PRN Defined 1,2,3 21,247,000 HOLOGIC INC FRNT 2.000%12/1 436440AA9 96,379 113,002,000 PRN Defined 1,2,3 113,002,000 LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 29,031 28,932,000 PRN Defined 1,2,3 28,932,000 LINEAR TECHNOLOGY CORP NOTE 3.125% 5/0 535678AD8 2,012 1,998,000 PRN Defined 1,2,3 1,998,000 LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AG2 113,423 114,309,000 PRN Defined 1,2,3 114,309,000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 70,773 69,598,000 PRN Defined 1,2,3 69,598,000 MORGAN STANLEY COM NEW 617446448 5,920 200,000 SH PUT Defined 1,2,3 200,000 M-SYSTEMS FIN INC NOTE 1.000% 3/1 55375VAB8 9,716 9,750,000 PRN Defined 1,2,3 9,750,000 MYLAN INC COM 628530107 4,931 267,577 SH Defined 1,2,3 267,577 NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 52,905 52,000,000 PRN Defined 1,2,3 52,000,000 NETAPP INC NOTE 1.750% 6/0 64110DAB0 135,578 109,136,000 PRN Defined 1,2,3 109,136,000 NEW YORK CMNTY CAP TR V UNIT 99/99/9999 64944P307 71,428 1,537,750 PRN Defined 1,2,3 1,537,750 NII HLDGS INC NOTE 2.750% 8/1 62913FAF9 28,673 28,700,000 PRN Defined 1,2,3 28,700,000 ONYX PHARMACEUTICALS INC NOTE 4.000% 8/1 683399AB5 4,269 4,000,000 PRN Defined 1,2,3 4,000,000 PARKER DRILLING CO NOTE 2.125% 7/1 701081AR2 14,941 16,474,000 PRN Defined 1,2,3 16,474,000 PHARMACEUTICAL RES INC NOTE 2.875% 9/3 717125AC2 31,883 31,883,000 PRN Defined 1,2,3 31,883,000 PNC FINL SVCS GROUP INC COM 693475105 44,872 850,000 SH PUT Defined 1,2,3 850,000 PROLOGIS NOTE 2.625% 5/1 743410AS1 22,458 25,000,000 PRN Defined 1,2,3 25,000,000 REINSURANCE GROUP AMER INC PFD TR INC EQ 759351307 131,582 2,111,891 SH Defined 1,2,3 2,111,891 SANDISK CORP COM 80004C101 14,582 503,000 SH PUT Defined 1,2,3 503,000 SESI L L C NOTE 1.500%12/1 78412FAH7 4,599 5,000,000 PRN Defined 1,2,3 5,000,000 SPDR TR UNIT SER 1 78462F103 108,097 970,000 SH PUT Defined 1,2,3 970,000 ST MARY LD & EXPL CO NOTE 3.500% 4/0 792228AD0 11,444 11,500,000 PRN Defined 1,2,3 11,500,000 SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 117,686 107,900,000 PRN Defined 1,2,3 107,900,000 TECH DATA CORP COM 878237106 3,597 77,100 SH Defined 1,2,3 77,100 THERMO FISHER SCIENTIFIC INC COM 883556102 5,894 123,600 SH Defined 1,2,3 123,600 TRANSOCEAN INC NOTE 1.625%12/1 893830AU3 31,374 31,650,000 PRN Defined 1,2,3 31,650,000 TRANSOCEAN INC NOTE 1.500%12/1 893830AV1 7,690 7,900,000 PRN Defined 1,2,3 7,900,000 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 51,969 58,561,000 PRN Defined 1,2,3 58,561,000 WESTERN REFNG INC COM 959319104 5,343 1,134,500 SH Defined 1,2,3 1,134,500
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