Just a week after assuring investors it would not sell off any of its large, public equity stakes, Toscafund Asset Management has done just that.

The London-based hedge fund has sold its 10% stake in U.K. homebuilder Taylor Wimpey, the Financial Times reports. Taylor Wimpey shares have lost 90% this year; Tosca’s flagship Tosca Fund is down a more modest 57% this year, burned especially by the collapse of U.S. retail bank Washington Mutual.

The firm, which plans to restructure the US$3.5 billion fund, is refocusing on its best-performing positions, the FT reports. In a letter to investors last week announcing the restructuring—and asking investors if they planned to yank what’s left of their money—Tosca said it would not be forced into selling any of its big holdings.

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