WATERSTONE CAPITAL MANAGEMENT, L.P. Information

2 CARLSON PARKWAY, PLYMOUTH, Minnesota, 55447, (952) 697-4100

Report Date: 12/31/2013

Position Statistics

Total Positions 27
New Positions 5
Increased Positions 10
Decreased Positions 15
Positions with Activity 25
Sold Out Positions 8
Total Mkt Value (in $ millions) 243

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials
Capital Goods 0%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 3.01%
Energy
Financial 20.84%
Healthcare 11.5%
Services 33.32%
Technology 13.16%
Transportation
Utilities

27 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
PRICELINE GRP INC COM NEW 67,867 -12,606 (15.67) 55,984
STATE BK FINL CORP COM 27,315 -3,239 (10.6) 1,602,036
NMI HLDGS INC CL A 24,906 24,906 New 2,251,923
AMERICAN AIRLS GROUP INC COM 19,175 19,175 New 540,000
HOLOGIC INC COM 16,590 -261 (1.55) 788,500
LAM RESEARCH CORP COM 13,593 109 .81 260,846
JARDEN CORP COM 12,561 61 .49 224,900
ZIONS BANCORPORATION WT EXP 052220 11,846 -1,458 (10.96) 2,024,956
COMMUNITYONE BANCORP COM 10,665 New 1,051,764
ARCHER DANIELS MIDLAND CO COM 7,298 7,298 New 162,100
AIR LEASE CORP CL A 7,151 -7,876 (52.41) 196,302
HEALTH CARE REIT INC PFD PER CON I 5,810 4,376 305.20 101,300
XILINX INC COM 5,066 5,066 New 98,500
VOLCANO CORPORATION COM 4,941 -661 (11.8) 254,800
MASIMO CORP COM 3,951 -2,832 (41.75) 150,000
LIFEPOINT HOSPITALS INC COM 1,636 1,287 369.12 31,900
NXSTAGE MEDICAL INC COM 777 247 46.51 63,000
OLD REP INTL CORP COM 740 New 45,000
INTEL CORP COM 703 703 New 26,100
CAREFUSION CORP COM -5,369 Sold Out 0


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