WATERSTONE ASSET MANAGEMENT, LLC [Rocket]

Holdings

WATERSTONE ASSET MANAGEMENT, LLC

Changes: All | New | Increased | Decreased | Sold Out

Portfolio as of:

Name	Ticker	Class	Shares	Change	Value	Change	% Port	% OS	Hist	Date
REINSURANCE GROUP OF AMERICA INC	RGA/PA	INC	2,275,668	62,949	144,035,000	12,661,000	4.95		Hist	09/30/2010
GOLDMAN SACHS GROUP INC	GS	COM	900,000	0	130,122,000	11,979,000	4.47		Hist	09/30/2010
FREEPORT-MCMORAN INC	FCX	Call	1,223,700	1,223,700	104,492,000	104,492,000	3.59		Hist	09/30/2010
MORGAN STANLEY	MS	CALL	3,426,000	0	84,554,000	5,036,000	2.90		Hist	09/30/2010
NEW YORK COMMUNITY BANCORP INC	NYB/PU	Common	1,508,150	0	73,090,000	2,618,000	2.51		Hist	09/30/2010
PNC FINANCIAL SERVICES GROUP, INC.	PNC	PUT	850,000	0	44,124,000	-3,901,000	1.52		Hist	09/30/2010
TRANSOCEAN INC	RIG		661,200	0	42,509,000	11,875,000	1.46		Hist	09/30/2010
TRANSOCEAN INC	RIG	Common	606,492	-24,200	38,991,000	9,771,000	1.34		Hist	09/30/2010
GOLDMAN SACHS GROUP INC	GS	Common	174,100	174,100	25,171,000	25,171,000	0.86	0.03	Hist	09/30/2010
Jefferies Group LLC	JEF	CALL	110,100	0	24,982,000	22,661,000	0.86		Hist	09/30/2010
THERMO FISHER SCIENTIFIC INC.	TMO	Common	429,833	22,433	20,580,000	-377,000	0.71		Hist	09/30/2010
DEVON ENERGY CORP/DE	DVN	Common	300,000	-300,000	19,422,000	-17,130,000	0.67		Hist	09/30/2010
SANDISK CORP	SNDK	Put	503,000	0	18,435,000	-2,726,000	0.63		Hist	09/30/2010
LIFELINE SYSTEMS CO	LIFE	COM	311,900	299,400	14,563,000	13,972,000	0.50		Hist	09/30/2010
MGM Resorts International	MGM		1,204,500	1,204,500	13,587,000	13,587,000	0.47		Hist	09/30/2010
ADC TELECOMMUNICATIONS INC	ADCT	FRNT 6/1	12,515,000	3,883,000	12,445,000	5,059,000	0.43		Hist	09/30/2010
Graham Holdings Co	WPO	Cl B	28,830	12,100	11,515,000	4,648,000	0.40		Hist	09/30/2010
Spansion Inc.	CODE	COM	722,501	-65,777	10,816,000	-2,041,000	0.37		Hist	09/30/2010
MYLAN INC.	MYL	Common	550,065	0	10,347,000	974,000	0.36		Hist	09/30/2010
ALLERGAN INC	AGN	Common	154,800	89,300	10,299,000	6,483,000	0.35		Hist	09/30/2010
MYLAN INC.	MYL	CALL	477,800	0	8,987,000	845,000	0.31		Hist	09/30/2010
Western Refining, Inc.	WNR	Common	1,169,500	35,000	6,128,000	421,000	0.21		Hist	09/30/2010
SUPERVALU INC	SVU	Common	323,071	323,071	3,725,000	3,725,000	0.13	0.15	Hist	09/30/2010
SMITHFIELD FOODS INC	SFD	COM	200,000	200,000	3,366,000	3,366,000	0.12		Hist	09/30/2010
PRIDE INTERNATIONAL INC	PDE	Common	50,000	50,000	1,472,000	1,472,000	0.05		Hist	09/30/2010
COMSTOCK RESOURCES INC	CRK	Common	50,000	50,000	1,125,000	1,125,000	0.04		Hist	09/30/2010
GEORESOURCES INC	GEOI	Common	47,851	-52,149	761,000	-632,000	0.03		Hist	09/30/2010
MGM Resorts International	MGM	Common	56,100	-94,000	633,000	-814,000	0.02	0.01	Hist	09/30/2010