0000919574-12-006304.txt : 20121114
0000919574-12-006304.hdr.sgml : 20121114
20121114115228
ACCESSION NUMBER: 0000919574-12-006304
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120930
FILED AS OF DATE: 20121114
DATE AS OF CHANGE: 20121114
EFFECTIVENESS DATE: 20121114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Waterstone Capital Management, L.P.
CENTRAL INDEX KEY: 0001512370
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-14297
FILM NUMBER: 121202191
BUSINESS ADDRESS:
STREET 1: 2 CARLSON PARKWAY, SUITE 260
CITY: PLYMOUTH
STATE: MN
ZIP: 55447
BUSINESS PHONE: 952-697-4100
MAIL ADDRESS:
STREET 1: 2 CARLSON PARKWAY, SUITE 260
CITY: PLYMOUTH
STATE: MN
ZIP: 55447
13F-HR
1
d1330673_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: September 30, 2012
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 Capital Management, L.P.
Address: 2 Carlson Parkway, Suite 260
Plymouth, Minnesota 55447
13F File Number: 028-14297
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 November 14, 2012
-------------------- ------------------------ -------------------------
[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: 4
Form 13F Information Table Entry Total: 38
Form 13F Information Table Value Total: $1,437,454
(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.
No. Form 13F File Number Name
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.
No. Form 13F File Number Name
1. 028-12029 Waterstone Market Neutral Master Fund, Ltd.
2. 028-13704 Waterstone Market Neutral MAC 51 Ltd.
3. 028-14301 Waterstone Offshore ER Fund, Ltd.
4. 028-14300 Watersone MF Fund, 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
-------------- -------------- ----- -------- ------- --- ---- ---------- ---- ---- ------ ----
ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 122,752 120,669,000 PRN DEFINED 1, 2, 3, 4 120,669,000
AIR LEASE CORP CL A 00912X302 41,849 2,051,444 SH DEFINED 1, 2, 3, 4 2,051,444
ASPEN INSURANCE HOLDINGS LTD PFD PRP INC EQ G05384113 39,344 682,737 SH DEFINED 1, 2, 3, 4 682,737
BOSTON SCIENTIFIC CORP COM 101137107 26,117 4,550,000 SH DEFINED 1, 2, 3, 4 4,550,000
CHESAPEAKE ENERGY CORP NOTE 2.500% 5/1 165167CA3 102,923 116,051,000 PRN DEFINED 1, 2, 3, 4 116,051,000
CIENA CORP COM NEW 171779309 4,936 363,240 SH DEFINED 1, 2, 3, 4 363,240
CLEARWIRE CORP NEW CL A 18538Q105 1,031 769,300 SH DEFINED 1, 2, 3, 4 769,300
CUMULUS MEDIA INC CL A 231082108 5,200 1,897,933 SH DEFINED 1, 2, 3, 4 1,897,933
DENDREON CORP NOTE 2.875% 1/1 24823QAC1 35,337 52,982,000 PRN DEFINED 1, 2, 3, 4 52,982,000
DORAL FINL CORP COM NEW 25811P886 2,368 2,517,178 SH DEFINED 1, 2, 3, 4 2,517,178
ENERGY XXI (BERMUDA) LTD USD UNRS SHS G10082140 7,656 218,996 SH DEFINED 1, 2, 3, 4 218,996
EXTERRAN HLDGS INC NOTE 4.250% 6/1 30225XAA1 76,555 67,415,000 PRN DEFINED 1, 2, 3, 4 67,415,000
F N B UNITED CORP COM NEW 302519202 12,495 1,051,764 SH DEFINED 1, 2, 3, 4 1,051,764
FREEPORT-MCMORAN COPPER & GO COM 35671D857 15,832 400,000 CALL DEFINED 1, 2, 3, 4 400,000
GENERAL MTRS CO COM 37045V100 32,973 1,449,350 SH DEFINED 1, 2, 3, 4 1,449,350
GENWORTH FINL INC COM CL A 37247D106 2,484 475,000 PUT DEFINED 1, 2, 3, 4 475,000
HANOVER COMPRESSOR CO NOTE 4.750% 1/1 410768AE5 6,209 6,165,000 PRN DEFINED 1, 2, 3, 4 6,165,000
HOLOGIC INC COM 436440101 8,062 398,700 SH DEFINED 1, 2, 3, 4 398,700
LUCENT TECHNOLOGIES INC DBCV 2.875% 6/1 549463AH0 77,455 78,704,000 PRN DEFINED 1, 2, 3, 4 78,704,000
MICROCHIP TECHNOLOGY INC SDCV 2.125%12/1 595017AB0 165,912 131,699,000 PRN DEFINED 1, 2, 3, 4 131,699,000
MICRON TECHNOLOGY INC COM 595112103 3,796 634,831 SH DEFINED 1, 2, 3, 4 634,831
NETAPP INC NOTE 1.750% 6/0 64110DAB0 88,281 77,378,000 PRN DEFINED 1, 2, 3, 4 77,378,000
NEW YORK CMNTY CAP TR V UNIT 99/99/9999 64944P307 55,657 1,114,472 SH DEFINED 1, 2, 3, 4 1,114,472
NOVELLUS SYS INC NOTE 2.625% 5/1 670008AD3 44,955 40,510,000 PRN DEFINED 1, 2, 3, 4 40,510,000
POTASH CORP SASK INC COM 73755L107 21,710 500,000 CALL DEFINED 1, 2, 3, 4 500,000
PRICELINE COM INC COM NEW 741503403 33,718 54,466 SH DEFINED 1, 2, 3, 4 54,466
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,379 148,500 CALL DEFINED 1, 2, 3, 4 148,500
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,875 145,000 PUT DEFINED 1, 2, 3, 4 145,000
STATE BK FINL CORP COM 856190103 35,489 2,152,182 SH DEFINED 1, 2, 3, 4 2,152,182
SYNOVUS FINL CORP UNIT 99/99/9999 87161C204 5,223 245,000 SH DEFINED 1, 2, 3, 4 245,000
THORATEC CORP COM NEW 885175307 3,768 108,900 SH DEFINED 1, 2, 3, 4 108,900
TORNIER N V SHS N87237108 919 48,478 PRN DEFINED 1, 2, 3, 4 48,478
TWO HBRS INVT CORP *W EXP 11/07/201 90187B119 890 951,406 SH DEFINED 1, 2, 3, 4 951,406
UNITED CMNTY BKS BLAIRSVLE G COM 90984P303 14,471 1,724,736 SH DEFINED 1, 2, 3, 4 1,724,736
VERISIGN INC SDCV 3.250% 8/1 92343EAD4 201,933 131,891,000 PRN DEFINED 1, 2, 3, 4 131,891,000
VOLCANO CORPORATION COM 928645100 5,000 175,000 SH DEFINED 1, 2, 3, 4 175,000
XILINX INC SDCV 3.125% 3/1 983919AD3 80,469 66,966,000 PRN DEFINED 1, 2, 3, 4 66,966,000
ZIONS BANCORPORATION *W EXP 05/22/202 989701115 11,431 3,294,181 SH DEFINED 1, 2, 3, 4 3,294,181
SK 21823 0002 1330673