# One William Street Capital Management, L.P.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1534300. Source: https://holderbook.com/funds/1534300-one-william-street-capital-management-l-p/

- Reported value: $242.5M
- Positions: 14
- Weight of the ten largest: 99.1%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $191.9M | 0 | 79.1% | 6 |
| INVESCO EXCH TRADED FD TR II | [BKLN](https://holderbook.com/stocks/BKLN/) | $15.7M | 770,977 | 6.5% | 2 |
| TPG RE FIN TR INC | [TRTX](https://holderbook.com/stocks/TRTX/) | $9.0M | 1,070,000 | 3.7% | 4 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $8.3M | 0 | 3.4% | 3 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $5.9M | 71,700 | 2.4% | 2 |
| FLAGSTAR BANK NATIONAL ASSOC | [FLG](https://holderbook.com/stocks/FLG/) | $2.3M | 156,000 | 1.0% | 4 |
| APOLLO COML REAL ESTATE FIN | [ARI](https://holderbook.com/stocks/ARI/) | $2.1M | 200,000 | 0.9% | 2 |
| STARWOOD PPTY TR INC | [STWD](https://holderbook.com/stocks/STWD/) | $1.9M | 114,000 | 0.8% | 2 |
| BLACKSTONE MORTGAGE TRUST IN | [BXMT](https://holderbook.com/stocks/BXMT/) | $1.7M | 100,000 | 0.7% | 2 |
| KKR REAL ESTATE FIN TR INC | [KREF](https://holderbook.com/stocks/KREF/) | $1.4M | 202,000 | 0.6% | 1 |
| SERVICE PPTYS TR | [SVC](https://holderbook.com/stocks/SVC/) | $1.1M | 630,000 | 0.4% | 1 |
| COUSINS PPTYS INC | [CUZ](https://holderbook.com/stocks/CUZ/) | $617.1K | 20,585 | 0.3% | 2 |
| ROCKET COS INC | [RKT](https://holderbook.com/stocks/RKT/) | $603.3K | 38,307 | 0.2% | 2 |
| NEW FORTRESS ENERGY INC | [NFE](https://holderbook.com/stocks/NFE/) | $15.5K | 42,564 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2025 | +7.4% | +2.4% | +5.0% | 100% |
| Q1 2024 | +1.9% | +10.0% | -8.1% | 101% |
| Q1 2019 | +9.6% | +13.0% | -3.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $242.5M | 14 |
| Q1 2026 | $1.2B | 13 |
| Q4 2025 | $745.4M | 7 |
| Q3 2025 | $287.6M | 7 |
| Q2 2025 | $54.3M | 5 |
| Q1 2025 | $33.5M | 3 |
| Q4 2024 | $213.3M | 4 |
| Q3 2024 | $284.5M | 3 |
| Q2 2024 | $145.7M | 3 |
| Q1 2024 | $66.3M | 3 |
| Q4 2023 | $701.6M | 7 |
| Q3 2023 | $40.7M | 3 |