-----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, KLnZMKnTpQaeQa9aY2JdhxYdwOs02pjjBHEyhb3pfz/ddgpkpoqD7A5VbJfj4HKt NJ6soaQY9ye/PyBvoVmWeg== 0000919574-10-003087.txt : 20100503 0000919574-10-003087.hdr.sgml : 20100503 20100503152544 ACCESSION NUMBER: 0000919574-10-003087 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100503 DATE AS OF CHANGE: 20100503 EFFECTIVENESS DATE: 20100503 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: 10792489 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 d1094954_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: March 31, 2010 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 May 3, 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: 59 Form 13F Information Table Value Total: $ 2,427,940 (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. 028-13704 Waterstone Market Neutral MAC 51 Ltd. FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE - -------------- --------------- ------ --------- -------- ---- ----- ----------- ----- ----- ------ ---- 3M CO COM 88579Y101 955 11,431 SH Defined 1,2,3 11,431 A D C TELECOMMUNICATIONS FRNT 6/1 000886AB7 7,386 8,632,000 PRN Defined 1,2,3 8,632,000 A D C TELECOMMUNICATIONS NOTE 3.500% 7/1 000886AE1 23,859 29,100,000 PRN Defined 1,2,3 29,100,000 A D C TELECOMMUNICATIONS NOTE 3.500% 7/1 000886AF8 21,096 28,000,000 PRN Defined 1,2,3 28,000,000 ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 132,917 137,650,000 PRN Defined 1,2,3 137,650,000 AFFILIATED MANAGERS GROUP NOTE 3.950% 8/1 008252AL2 13,283 13,400,000 PRN Defined 1,2,3 13,400,000 ALLERGAN INC COM 18490102 4,278 65,500 SH Defined 1,2,3 65,500 AMERICAN OIL & GAS INC NEW COM 28723104 2,242 329,700 SH Defined 1,2,3 329,700 AMERIGROUP CORP NOTE 2.000% 5/1 03073TAB8 31,742 31,000,000 PRN Defined 1,2,3 31,000,000 BARRETT BILL CORP NOTE 5.000% 3/1 06846NAA2 24,027 24,355,000 PRN Defined 1,2,3 24,355,000 BOSTON PPTYS LTD PARTNERSHIP NOTE 2.875% 2/1 10112RAK0 10,990 11,020,000 PRN Defined 1,2,3 11,020,000 BUNGE LIMITED COM G16962105 15,408 250,000 SH PUT Defined 1,2,3 250,000 BRE PROPERTIES INC NOTE 4.125% 8/1 05564EBH8 2,663 2,660,000 PRN Defined 1,2,3 2,660,000 CARRIZO OIL & CO INC NOTE 4.375% 6/0 144577AA1 6,951 7,830,000 PRN Defined 1,2,3 7,830,000 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167BZ9 73,929 90,384,000 PRN Defined 1,2,3 90,384,000 CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 117,130 143,900,000 PRN Defined 1,2,3 143,900,000 DELTA PETE CORP NOTE 3.750% 5/0 247907AD0 9,272 10,536,000 PRN Defined 1,2,3 10,536,000 DEVELOPERS DIVERSIFIED RLTY NOTE 3.500% 8/1 251591AQ6 3,456 3,500,000 PRN Defined 1,2,3 3,500,000 DEVON ENERGY CORP NEW COM 25179M103 38,658 600,000 SH Defined 1,2,3 600,000 EVERGREEN SOLAR INC NOTE 4.000% 7/1 30033RAC2 9,597 18,500,000 PRN Defined 1,2,3 18,500,000 EXTERRAN HLDGS INC NOTE 4.250% 6/1 30225XAA1 40,945 33,000,000 PRN Defined 1,2,3 33,000,000 GEORESOURCES INC COM 372476101 3,349 219,300 SH Defined 1,2,3 219,300 GOLDMAN SACHS GROUP INC COM 38141G104 153,567 900,000 SH CALL Defined 1,2,3 900,000 HANOVER COMPRESSOR CO NOTE 4.750% 1/1 410768AE5 18,062 18,897,000 PRN Defined 1,2,3 18,897,000 HOLOGIC INC FRNT 2.000%12/1 436440AA9 101,963 113,002,000 PRN Defined 1,2,3 113,002,000 JEFFERIES GROUP INC NEW COM 472319102 2,485 105,000 SH CALL Defined 1,2,3 105,000 LINEAR TECHNOLOGY CORP NOTE 3.000% 5/0 535678AC0 28,075 28,932,000 PRN Defined 1,2,3 28,932,000 LINEAR TECHNOLOGY CORP NOTE 3.125% 5/0 535678AD8 2,009 1,998,000 PRN Defined 1,2,3 1,998,000 LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AG2 115,896 115,809,000 PRN Defined 1,2,3 115,809,000 MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 81,621 82,098,000 PRN Defined 1,2,3 82,098,000 MORGAN STANLEY COM NEW 617446448 100,348 3,426,000 SH CALL Defined 1,2,3 3,426,000 MORGAN STANLEY COM NEW 617446448 14,645 500,000 SH PUT Defined 1,2,3 500,000 MYLAN INC COM 628530107 10,851 477,800 SH CALL Defined 1,2,3 477,800 MYLAN INC COM 628530107 7,901 347,923 SH Defined 1,2,3 347,923 NATIONAL CITY CORP NOTE 4.000% 2/0 635405AW3 53,047 52,000,000 PRN Defined 1,2,3 52,000,000 NETAPP INC NOTE 1.750% 6/0 64110DAB0 159,087 135,136,000 PRN Defined 1,2,3 135,136,000 NEW YORK CMNTY CAP TR V UNIT 99/99/9999 64944P307 78,565 1,521,550 PRN Defined 1,2,3 1,521,550 NII HLDGS INC NOTE 2.750% 8/1 62913FAF9 58,596 57,350,000 PRN Defined 1,2,3 57,350,000 PARKER DRILLING CO NOTE 2.125% 7/1 701081AR2 15,408 16,474,000 PRN Defined 1,2,3 16,474,000 PHARMACEUTICAL RES INC NOTE 2.875% 9/3 717125AC2 31,803 31,883,000 PRN Defined 1,2,3 31,883,000 PNC FINL SVCS GROUP INC COM 693475105 50,745 850,000 SH PUT Defined 1,2,3 850,000 PROLOGIS NOTE 2.625% 5/1 743410AS1 23,591 25,000,000 PRN Defined 1,2,3 25,000,000 REINSURANCE GROUP AMER INC PFD TR INC EQ 759351307 142,872 2,111,891 SH Defined 1,2,3 2,111,891 SANDISK CORP COM 80004C101 17,419 503,000 SH PUT Defined 1,2,3 503,000 SBA COMMUNICATIONS CORP NOTE 1.875% 5/0 78388JAN6 5,829 5,500,000 PRN Defined 1,2,3 5,500,000 SESI L L C NOTE 1.500%12/1 78412FAH7 38,386 41,120,000 PRN Defined 1,2,3 41,120,000 ST MARY LD & EXPL CO NOTE 3.500% 4/0 792228AD0 20,068 20,133,000 PRN Defined 1,2,3 20,133,000 SYMANTEC CORP NOTE 0.750% 6/1 871503AD0 112,543 107,900,000 PRN Defined 1,2,3 107,900,000 SYMANTEC CORP NOTE 1.000% 6/1 871503AF5 19,704 18,500,000 PRN Defined 1,2,3 18,500,000 THERMO FISHER SCIENTIFIC INC COM 883556102 20,957 407,400 SH Defined 1,2,3 407,400 TRANSOCEAN INC NOTE 1.625%12/1 893830AU3 31,525 31,650,000 PRN Defined 1,2,3 31,650,000 TRANSOCEAN INC NOTE 1.500%12/1 893830AV1 7,729 7,900,000 PRN Defined 1,2,3 7,900,000 TRANSOCEAN LTD REG SHS H8817H100 69,743 807,400 SH PUT Defined 1,2,3 807,400 TRANSOCEAN LTD REG SHS H8817H100 16,505 191,075 PRN Defined 1,2,3 191,075 VERISIGN INC SDCV 3.250% 8/1 92343EAD4 85,083 94,091,000 PRN Defined 1,2,3 94,091,000 VIRGIN MEDIA INC NOTE 6.500%11/1 92769LAB7 99,583 80,980,000 PRN Defined 1,2,3 80,980,000 WASHINGTON POST CO CL B 939640108 6,529 14,700 PRN Defined 1,2,3 14,700 WESTERN REFNG INC COM 959319104 6,240 1,134,500 SH Defined 1,2,3 1,134,500 XILINX INC SDCV 3.125% 3/1 983919AD3 24,827 26,835,000 PRN Defined 1,2,3 26,835,000
SK 21823 0002 1094954
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