Algebris (uk) Ltd.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Algebris (uk) Ltd. reported 42 stock positions worth $522.5 million. Its top holding was Bank of America (BAC) at 8.7% of the portfolio, followed by Citizens Financial (CFG, 7.3%) and Citigroup (C, 7.0%). Compared with Q4 2024, it opened 10 new positions, sold out of 7, added to 19 and reduced 12. The biggest buy was Bank of America (BAC, shares +460%) and the biggest sale Equitable (EQH, shares −40%).

Most Recent 13F
Q2 2026
Location
London, X0
CIK
0001700286
Portfolio Value
$522.5M (Q1 2025)
SEC Filing
0001700286-25-000008 ↗ filed May 8, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $225.3M Q1 2024 Q2 2024: $310.6M Q2 2024 Q3 2024: $239.1M Q3 2024 Q4 2024: $360.7M Q4 2024 Q1 2025: $522.5M $522.5M Q1 2025 Q2 2025: $620.6M Q2 2025 Q3 2025: $868.7M Q3 2025 Q4 2025: $1.2B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 42 stocks · $522.5M
BAC Bank of America Corp. filed as BANK AMERICA CORP 8.68% 1,174,463 $45.4M Add +460.1%
CFG Citizens Financial Group 7.30% 1,007,099 $38.2M Add +101.5%
C Citigroup Inc. 7.03% 558,806 $36.7M Add +45.3%
MET Metlife Inc. 6.40% 449,773 $33.4M Add +25.8%
LNC Lincoln National Corp. 6.08% 954,824 $31.7M Add +36.6%
FHN First Horizon Corp. 4.58% 1,330,832 $23.9M New
VOYA Voya Financial Inc. 4.25% 354,351 $22.2M Add +250.0%
AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29) 3.89% 22,000,000 $20.3M No change
TFC Truist Financial Corp. 3.82% 524,022 $20.0M Add +64.0%
PRU Prudential Financial Inc. 3.81% 192,378 $19.9M Reduce -11.9%
CG The Carlyle Group Inc. 3.72% 482,022 $19.5M Add +90.3%
EQH Equitable Holdings Inc. 3.71% 402,273 $19.4M Reduce -39.6%
KEY Keycorp 3.68% 1,298,907 $19.2M Add +84.2%
MTB M & T Bank Corp. filed as M & T BK CORP 3.65% 115,289 $19.1M Add +277.6%
WBS Webster Financial Corp. 3.40% 372,647 $17.8M Add +123.0%
NLY Annaly Capital Management Inc. 3.07% 852,164 $16.0M Add +2.5%
BBD Banco Bradesco-ADR 2.92% 7,392,446 $15.3M Reduce -3.4%
CRBG Corebridge Financial Inc. 2.91% 520,771 $15.2M Reduce -38.7%
BHF Brighthouse Financial Inc. 2.25% 219,025 $11.8M New
PB Prosperity Bancshares Inc. 1.91% 150,681 $10.0M New
WFC Wells Fargo & Co. 1.90% 149,713 $9.9M Add +16.8%
SNV Synovus Financial Corp. 1.63% 196,691 $8.5M Add +63.3%
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) 1.62% 8,900,000 $8.5M Reduce -4.3%
NCNO Ncino Inc. 1.28% 263,017 $6.7M New
DX Dynex Capital Inc. 1.25% 540,192 $6.5M New
SF Stifel Financial Corp. 1.03% 61,833 $5.4M Add +108.9%
GPN Global Payments Inc. 0.89% 51,304 $4.7M Add +112.7%
ALKT Alkami Technology Inc. 0.60% 128,033 $3.1M New
RSG Republic Services Inc. 0.48% 11,170 $2.5M Add +43.4%
EVR Evercore Inc. Class A 0.47% 13,191 $2.4M New
WM Waste Management Inc. 0.42% 10,153 $2.2M New
COR Cencora Inc. 0.31% 6,258 $1.6M Add +14.3%
HERBALIFE LTD (HLF 4.25 06/15/28) 0.31% 2,000,000 $1.6M New
SYK Stryker Corp. 0.21% 3,194 $1.1M Reduce -7.7%
ISRG Intuitive Surgical Inc. 0.14% 1,587 $728K New
GNTA Genenta Science SPA - ADR 0.07% 100,000 $368K Add +122.2%
XYL Xylem Inc. 0.07% 3,257 $360K Reduce -69.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.07% 376 $344K Reduce -67.0%
MSFT Microsoft Corp. 0.07% 983 $342K Reduce -65.7%
CSL Carlisle Cos Inc. 0.06% 968 $305K Reduce -51.8%
CLH Clean Harbors Inc. 0.04% 1,217 $222K Reduce -78.9%
SNPS Synopsys Inc. 0.04% 532 $211K Reduce -58.2%
Other holdings (1): bonds, preferreds, convertibles and warrants · $27.5M (not counted above)
SecurityClassShares / PrincipalValueChange
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 665,000$27.5MAdd +31.7%

Total filed on the 13F, all lines: $550.0M.

Portfolio Sells Q4 2024 → Q1 2025
EQH Equitable Holdings Inc. Reduce -39.6% 3.71% −4.70
CRBG Corebridge Financial Inc. Reduce -38.7% 2.91% −3.89
AIG American International Group Sold out 0.00% −3.39
PRU Prudential Financial Inc. Reduce -11.9% 3.81% −3.11
LIBERTY MEDIA CORP (FWONK 2.25 08/15/27) Sold out 0.00% −1.64
AGNC AGNC Investment Corp. Sold out 0.00% −1.58
BBD Banco Bradesco-ADR Reduce -3.4% 2.92% −0.99
AMERICAN WATER CAPITAL C (AWK 3.625 06/15/26) Reduce -4.3% 1.62% −0.84
CLH Clean Harbors Inc. Reduce -78.9% 0.04% −0.31
HUBB Hubbell Inc. Sold out 0.00% −0.30
XYL Xylem Inc. Reduce -69.7% 0.07% −0.27
MSFT Microsoft Corp. Reduce -65.7% 0.07% −0.26
GWW WW Grainger Inc. Reduce -67.0% 0.07% −0.26
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.24
CNM Core & Main Inc. Class A Sold out 0.00% −0.23
CSL Carlisle Cos Inc. Reduce -51.8% 0.06% −0.14
WMS Advanced Drainage Systems Inc. Sold out 0.00% −0.13
SNPS Synopsys Inc. Reduce -58.2% 0.04% −0.13
SYK Stryker Corp. Reduce -7.7% 0.21% −0.12

Portfolio Buys Q4 2024 → Q1 2025
BAC Bank of America Corp. Add +460.1% 8.68% +6.22
FHN First Horizon Corp. New 4.58% +4.58
VOYA Voya Financial Inc. Add +250.0% 4.25% +2.38
BHF Brighthouse Financial Inc. New 2.25% +2.25
MTB M & T Bank Corp. Add +277.6% 3.65% +2.11
PB Prosperity Bancshares Inc. New 1.91% +1.91
CFG Citizens Financial Group Add +101.5% 7.30% +1.45
NCNO Ncino Inc. New 1.28% +1.28
DX Dynex Capital Inc. New 1.25% +1.25
WBS Webster Financial Corp. Add +123.0% 3.40% +0.93
ALKT Alkami Technology Inc. New 0.60% +0.60
EVR Evercore Inc. Class A New 0.47% +0.47
KEY Keycorp Add +84.2% 3.68% +0.44
WM Waste Management Inc. New 0.42% +0.42
HERBALIFE LTD (HLF 4.25 06/15/28) New 0.31% +0.31
CG The Carlyle Group Inc. Add +90.3% 3.72% +0.30
SF Stifel Financial Corp. Add +108.9% 1.03% +0.19
GPN Global Payments Inc. Add +112.7% 0.89% +0.17
LNC Lincoln National Corp. Add +36.6% 6.08% +0.14
ISRG Intuitive Surgical Inc. New 0.14% +0.14
TFC Truist Financial Corp. Add +64.0% 3.82% +0.11
RSG Republic Services Inc. Add +43.4% 0.48% +0.06
GNTA Genenta Science SPA - ADR Add +122.2% 0.07% +0.02
COR Cencora Inc. Add +14.3% 0.31% −0.02
SNV Synovus Financial Corp. Add +63.3% 1.63% −0.02
C Citigroup Inc. Add +45.3% 7.03% −0.22
WFC Wells Fargo & Co. Add +16.8% 1.90% −0.51
NLY Annaly Capital Management Inc. Add +2.5% 3.07% −1.01
MET Metlife Inc. Add +25.8% 6.40% −1.44

Notes & Other Activity Q4 2024 → Q1 2025
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A Add +31.7% 665,000 $27.5M
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Sold out 240,000 $10.6Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 72$1.5BAIG, GPN, EQH, CG, KKR
Q1 2026 69$1.4BBAC, EQH, UNM, KKR, PB
Q4 2025Amended 78$1.2BPB, EQH, UNM, CG, BX
Q3 2025 66$868.7MCFG, CRBG, LNC, VOYA, MET
Q2 2025 41$620.6MLNC, C, CFG, FHN, BAC
Q1 2025 42$522.5MBAC, CFG, C, MET, LNC
Q4 2024 39$360.7MEQH, MET, C, PRU, CRBG
Q3 2024 24$239.1MEQH, CG, LNC, AIR TRANSPORT SERVICES G (ATSG 3.875 08/15/29), CRBG
Q2 2024 45$310.6MEQH, JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26), BBD, WBS, LNC
Q1 2024Amended 43$225.3MEQH, LNC, JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26), CMA, MET