One William Street Capital Management, L.P.
New York, NY
$42m in 12 US stocks at the end of 30 June 2026. The top 10 are 98.5% of the money. It changed about 24.2% of the portfolio this quarter.
Value
$42m
Stocks
12
Top 10 share
98.5%
Turnover
24.2%
What changed this quarter
New
Bought for the first time this quarter.
- KKR Real Estate Finance TrustKREF3.3% of the fund
- Service Properties TrustSVC2.5% of the fund
Added
Bought more of a stock they already held.
- Invesco Exch Traded FD TR IIBKLN37.1% of the fund+6%
Cut
Sold some of their stake.
- Flagstar Bank, National AssociationFLG5.5% of the fund-61%
- Cousins PropertiesCUZ1.5% of the fund-90%
- Rocket CompaniesRKT1.4% of the fund-76%
Sold out
Sold their entire stake.
- State STR Spdr S&P 500 ETF TSPY-100%
Holdings
- Invesco Exch Traded FD TR IIBKLN
- Share
- 37.1%
- Value
- $16m
- Shares
- 770,977
+6%
- Vanguard Scottsdale FDSVCIT
- Share
- 14.0%
- Value
- $6m
- Shares
- 71,700
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Invesco Exch Traded FD TR IIBKLN | 37.1% | $16m | 770,977 | +6% |
| TPG RE Finance TrustTRTX | 21.2% | $9m | 1,070,000 | Held |
| Vanguard Scottsdale FDSVCIT | 14.0% | $6m | 71,700 | Held |
| Flagstar Bank, National AssociationFLG | 5.5% | $2m | 156,000 | -61% |
| Apollo Commercial Real Estate FinanceARI | 5.0% | $2m | 200,000 | Held |
| Starwood Property TrustSTWD | 4.4% | $2m | 114,000 | Held |
| Blackstone Mortgage TrustBXMT | 4.0% | $2m | 100,000 | Held |
| KKR Real Estate Finance TrustKREF | 3.3% | $1m | 202,000 | New |
| Service Properties TrustSVC | 2.5% | $1m | 630,000 | New |
| Cousins PropertiesCUZ | 1.5% | $617,138 | 20,585 | -90% |
| Rocket CompaniesRKT | 1.4% | $603,335 | 38,307 | -76% |
| New Fortress EnergyNFE | <0.1% | $15,455 | 42,564 | Held |
Options (3)
- Ishares TRHYG
- Type
- Put
- Value
- $120m
- Contracts
- 1,500,000
- Ishares TRHYG
- Type
- Call
- Value
- $72m
- Contracts
- 900,000
- Ishares TRIWM
- Type
- Put
- Value
- $8m
- Contracts
- 27,500
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares TRHYG | Put | $120m | 1,500,000 |
| Ishares TRHYG | Call | $72m | 900,000 |
| Ishares TRIWM | Put | $8m | 27,500 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 29.4% since 30 June 2025.
Where the money is
Real estate37.5%
Financial services11.4%
Utilities0.0%
Other51.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.