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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 | |
|---|---|---|---|---|---|---|
251
RBC Bearings
RBC
$17.4B
| $8K | ﹤0.01% |
45
+5
| +13% | +$888 |
|
252
SkinHealth Systems
SKIN
$83.4M
| $8K | ﹤0.01% |
646
-24
| -4% | -$322 |
|
253
Teladoc Health
TDOC
$1.66B
| $8K | ﹤0.01% |
235
+6
| +3% | +$255 |
|
254
TechTarget
TTGT
$327M
| $8K | ﹤0.01% |
127
+14
| +12% | +$976 |
|
|
LATG
255
DELISTED
Chenghe Acquisition I Co. Class A Ordinary Shares
LATG
| $8K | ﹤0.01% |
+799
| New | +$7.95K |
|
|
FTCH
256
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $8K | ﹤0.01% |
1,150
+24
| +2% | +$245 |
|
257
Affiliated Managers Group
AMG
$9.51B
| $7K | ﹤0.01% |
56
+13
| +30% | +$1.67K |
|
258
Ares Capital
ARCC
$13.4B
| $7K | ﹤0.01% |
396
-689
| -64% | -$13.6K |
|
259
ProShares Short Bitcoin Strategy ETF
BITI
$106M
| $7K | ﹤0.01% |
+33
| New | +$6.71K |
|
|
CFLT
260
DELISTED
Confluent
CFLT
| $7K | ﹤0.01% |
288
-104
| -27% | -$2.8K |
|
261
CONMED
CNMD
$1.3B
| $7K | ﹤0.01% |
73
+23
| +46% | +$2.76K |
|
262
Guidewire Software
GWRE
$13.9B
| $7K | ﹤0.01% |
95
+3
| +3% | +$245 |
|
263
iQIYI
IQ
$1.19B
| $7K | ﹤0.01% |
1,581
-144
| -8% | -$580 |
|
264
Unity
U
$14B
| $7K | ﹤0.01% |
178
+20
| +13% | +$1.14K |
|
|
JBTM
265
JBT Marel
JBTM
$7.35B
| $7K | ﹤0.01% |
64
-2
| -3% | -$230 |
|
|
INFN
266
DELISTED
Infinera Corporation Common Stock
INFN
| $7K | ﹤0.01% |
1,316
+149
| +13% | +$954 |
|
267
ProShares Bitcoin Strategy ETF
BITO
$1.39B
| $6K | ﹤0.01% |
+543
| New | +$10.9K |
|
268
Chegg
CHGG
$116M
| $6K | ﹤0.01% |
325
-135
| -29% | -$3.09K |
|
|
JAMF
269
DELISTED
Jamf
JAMF
| $6K | ﹤0.01% |
252
+46
| +22% | +$1.29K |
|
270
Microchip Technology
MCHP
$38.8B
| $6K | ﹤0.01% |
110
-25
| -19% | -$1.66K |
|
271
Vail Resorts
MTN
$5.7B
| $6K | ﹤0.01% |
28
-131
| -82% | -$32K |
|
272
Cloudflare
NET
$96B
| $6K | ﹤0.01% |
145
+13
| +10% | +$936 |
|
273
Nice
NICE
$6.15B
| $6K | ﹤0.01% |
32
+6
| +23% | +$1.21K |
|
274
NIO
NIO
$11.9B
| $6K | ﹤0.01% |
260
-13
| -5% | -$239 |
|
275
Stem
STEM
$44.3M
| $6K | ﹤0.01% |
44
+14
| +47% | +$2.33K |
|
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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.