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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 | |
|---|---|---|---|---|---|---|
|
RDFN
301
DELISTED
Redfin
RDFN
| $4K | ﹤0.01% |
442
+104
| +31% | +$1.19K |
|
|
SAVE
302
DELISTED
Spirit Airlines, Inc.
SAVE
| $4K | ﹤0.01% |
174
-53
| -23% | -$1.18K |
|
|
SPWR
303
DELISTED
SunPower Corporation Common Stock
SPWR
| $4K | ﹤0.01% |
274
-155
| -36% | -$2.79K |
|
|
TWOA
304
DELISTED
two
TWOA
| $4K | ﹤0.01% |
+452
| New | +$4.42K |
|
|
AMRS
305
DELISTED
Amyris Inc.
AMRS
| $4K | ﹤0.01% |
1,998
+173
| +9% | +$509 |
|
306
Alarm.com
ALRM
$2.68B
| $3K | ﹤0.01% |
51
-4
| -7% | -$246 |
|
307
Alibaba
BABA
$279B
| $3K | ﹤0.01% |
28
+1
| +4% | +$98 |
|
308
CNX Resources
CNX
$4.9B
| $3K | ﹤0.01% |
158
-40
| -20% | -$819 |
|
309
DraftKings
DKNG
$11.8B
| $3K | ﹤0.01% |
237
-99
| -29% | -$1.39K |
|
310
Haemonetics
HAE
$3.85B
| $3K | ﹤0.01% |
53
+4
| +8% | +$237 |
|
311
Liberty Latin America Class C
LILAK
$1.61B
| $3K | ﹤0.01% |
482
+31
| +7% | +$257 |
|
312
Pegasystems
PEGA
$4.94B
| $3K | ﹤0.01% |
108
-80
| -43% | -$2.39K |
|
313
Repligen
RGEN
$7.03B
| $3K | ﹤0.01% |
18
-6
| -25% | -$949 |
|
314
Spotify
SPOT
$107B
| $3K | ﹤0.01% |
27
-11
| -29% | -$1.24K |
|
315
Uber
UBER
$143B
| $3K | ﹤0.01% |
152
-85
| -36% | -$2.26K |
|
316
Western Digital
WDC
$184B
| $3K | ﹤0.01% |
74
+10
| +16% | +$402 |
|
317
WIX.com
WIX
$2.37B
| $3K | ﹤0.01% |
45
-25
| -36% | -$1.83K |
|
318
ATI
ATI
$24.8B
| $2K | ﹤0.01% |
100
-13
| -12% | -$343 |
|
|
BAND
319
Bandwidth Inc
BAND
$1.25B
| $2K | ﹤0.01% |
90
+17
| +23% | +$393 |
|
320
Box
BOX
$4.31B
| $2K | ﹤0.01% |
67
-12
| -15% | -$335 |
|
321
CryoPort
CYRX
$773M
| $2K | ﹤0.01% |
64
+19
| +42% | +$505 |
|
322
8x8 Inc
EGHT
$262M
| $2K | ﹤0.01% |
380
+110
| +41% | +$921 |
|
323
Fastly Inc
FSLY
$3.37B
| $2K | ﹤0.01% |
134
-43
| -24% | -$607 |
|
324
Illumina
ILMN
$31B
| $2K | ﹤0.01% |
9
-13
| -59% | -$3.32K |
|
325
LivaNova
LIVN
$4.45B
| $2K | ﹤0.01% |
27
-3
| -10% | -$212 |
|
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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.