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Elequin Capital Portfolio holdings
AUM
$1.19B
1-Year Est. Return
16.08%
This Fund
S&P 500
This Quarter
Est. Return
-8.01%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$437M
AUM Growth
-$154M
(-26%)
Cap. Flow
-$278M
Cap. Flow
% of AUM
-63.62%
Top 10 Holdings %
Top 10 Hldgs %
85.63%
Holding
469
New
128
Increased
133
Reduced
148
Closed
42
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$164M |
| 2 |
SJIV
South Jersey Industries, Inc. Corporate Units
SJIV
|
+$18.1M |
| 3 |
ASZ
Austerlitz Acquisition Corporation II
ASZ
|
+$2.3M |
| 4 |
AGCB
Altimeter Growth Corp 2
AGCB
|
+$2.21M |
| 5 |
CVII
Churchill Capital Corp VII Class A Common Stock
CVII
|
+$2.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
|
+$453M |
| 2 |
AVTR.PRA
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
|
+$25.4M |
| 3 |
WTRU
Essential Utilities, Inc.6.00% Tangible Equity Units
WTRU
|
+$3.22M |
| 4 |
Aptiv
APTV
|
+$1.04M |
| 5 |
Algonquin Power & Utilities
AQN
|
+$933K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9.4% |
| 2 | Technology | 0.93% |
| 3 | Healthcare | 0.89% |
| 4 | Industrials | 0.67% |
| 5 | Communication Services | 0.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
LCI Industries
LCII
$2.59B
| $11K | ﹤0.01% |
95
+13
| +16% | +$1.42K |
|
227
Royal Caribbean
RCL
$86.5B
| $11K | ﹤0.01% |
316
-582
| -65% | -$36.2K |
|
228
Virgin Galactic
SPCE
$315M
| $11K | ﹤0.01% |
95
+15
| +19% | +$2.18K |
|
229
Stanley Black & Decker
SWK
$14.5B
| $11K | ﹤0.01% |
101
-13
| -11% | -$1.6K |
|
|
NUVA
230
DELISTED
NuVasive, Inc.
NUVA
| $11K | ﹤0.01% |
222
+119
| +116% | +$6.38K |
|
|
TWTR
231
DELISTED
Twitter, Inc.
TWTR
| $11K | ﹤0.01% |
302
-273
| -47% | -$11.7K |
|
232
Airbnb
ABNB
$90.8B
| $10K | ﹤0.01% |
117
-41
| -26% | -$5.34K |
|
233
Pinduoduo
PDD
$126B
| $10K | ﹤0.01% |
154
+37
| +32% | +$1.73K |
|
|
MCAE
234
DELISTED
Mountain Crest Acquisition Corp. III Common Stock
MCAE
| $10K | ﹤0.01% |
+1,055
| New | +$10.4K |
|
|
MIT
235
DELISTED
Mason Industrial Technology, Inc.
MIT
| $10K | ﹤0.01% |
+1,006
| New | +$9.83K |
|
|
THCA
236
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
| $10K | ﹤0.01% |
+1,000
| New | +$10.7K |
|
237
Array Technologies
ARRY
$740M
| $9K | ﹤0.01% |
795
+154
| +24% | +$1.52K |
|
238
BridgeBio Pharma
BBIO
$16.4B
| $9K | ﹤0.01% |
975
+92
| +10% | +$769 |
|
239
Burlington
BURL
$23.4B
| $9K | ﹤0.01% |
63
+2
| +3% | +$362 |
|
240
Cable One
CABO
$237M
| $9K | ﹤0.01% |
7
| – | – |
|
|
TDAY
241
USA Today Co
TDAY
$1.29B
| $9K | ﹤0.01% |
3,118
+159
| +5% | +$605 |
|
242
NovoCure
NVCR
$1.77B
| $9K | ﹤0.01% |
136
+36
| +36% | +$2.71K |
|
243
Opendoor
OPEN
$3.54B
| $9K | ﹤0.01% |
1,975
-98
| -5% | -$646 |
|
244
SoFi Technologies
SOFI
$19.6B
| $9K | ﹤0.01% |
1,795
-94
| -5% | -$635 |
|
245
Take-Two Interactive
TTWO
$46.1B
| $9K | ﹤0.01% |
+77
| New | +$9.8K |
|
246
Travere Therapeutics
TVTX
$5.17B
| $9K | ﹤0.01% |
388
+354
| +1,041% | +$8.9K |
|
247
The Greenbrier Companies
GBX
$1.57B
| $8K | ﹤0.01% |
232
-44
| -16% | -$1.84K |
|
|
LAZR
248
DELISTED
Luminar Technologies
LAZR
| $8K | ﹤0.01% |
90
+8
| +10% | +$1.28K |
|
249
Lucid Motors
LCID
$3.11B
| $8K | ﹤0.01% |
47
-97
| -67% | -$18.4K |
|
250
MACOM Technology Solutions
MTSI
$17.4B
| $8K | ﹤0.01% |
167
-20
| -11% | -$1.03K |
|
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Elequin Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Elequin Capital held 469 positions worth $437M, down 26% from $590M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Elequin Capital withdrew a net $278M in Q2 2022, closing 42 positions and reducing 148 holdings. Its most notable exit was Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A, an estimated $453M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9.4% of assets, up from 0.03% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Elequin Capital opened a new position in Austerlitz Acquisition Corporation II worth $2.29M.
- Elequin Capital's largest Q2 2022 buy was Austerlitz Acquisition Corporation II: 235,000 shares worth $2.29M.
- Elequin Capital added most to Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q2 2022, an estimated $164M increase.
- Elequin Capital's biggest Q2 2022 reduction was Aptiv, cutting an estimated $1.04M.
- Elequin Capital fully exited Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A in Q2 2022, selling an estimated $453M.
- Elequin Capital's ten largest holdings make up 86% of its $437M portfolio in Q2 2022.
- Elequin Capital opened 128 new positions and closed 42 in Q2 2022.
- Elequin Capital's portfolio value fell 26% quarter-over-quarter to $437M.
Based on Elequin Capital's 13F filing for Q2 2022, filed 11 Aug 2022.