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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
+0.48%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$142M
AUM Growth
-$213M
Cap. Flow
-$159M
Cap. Flow %
-111.77%
Top 10 Hldgs %
78.16%
Holding
701
New
82
Increased
14
Reduced
117
Closed
394

Top Buys

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$6.49M
2
PGX icon
Invesco Preferred ETF
PGX
+$2.66M
3
FLR icon
Fluor
FLR
+$1.48M
4
ICVT icon
iShares Convertible Bond ETF
ICVT
+$1.35M
5
PCG icon
PG&E
PCG
+$1.08M

Top Sells

Rank Stock Value
1
SJIV
South Jersey Industries, Inc. Corporate Units
SJIV
+$27.4M
2
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$9.9M
3
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$7.86M
4
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$5.28M
5
HYD icon
VanEck High Yield Muni ETF
HYD
+$4.99M

Sector Composition

Rank Sector Weight
1 Financials 7.27%
2 Utilities 1.5%
3 Healthcare 1.48%
4 Industrials 1.06%
5 Technology 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EGP icon
376
EastGroup Properties
EGP
$11.2B
– –
-2,477
Closed -$367K
EL icon
377
Estee Lauder
EL
$30.6B
– –
-150
Closed -$37.2K
EPAM icon
378
EPAM Systems
EPAM
$5.6B
– –
-58
Closed -$19K
EQR icon
379
Equity Residential
EQR
$25.3B
– –
-8,568
Closed -$506K
ESS icon
380
Essex Property Trust
ESS
$18.4B
– –
-1,191
Closed -$252K
EVV
381
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
– –
-49,710
Closed -$467K
EW icon
382
Edwards Lifesciences
EW
$51.1B
– –
-326
Closed -$24.3K
EXR icon
383
Extra Space Storage
EXR
$31.6B
– –
-2,858
Closed -$421K
FCVT icon
384
First Trust SSI Strategic Convertible Securities ETF
FCVT
$100M
– –
-7,054
Closed -$224K
FDX icon
385
FedEx
FDX
$73.2B
– –
-222
Closed -$38.5K
FISV
386
Fiserv Inc
FISV
$29B
– –
-218
Closed -$22K
FIS icon
387
Fidelity National Information Services
FIS
$23.1B
– –
-418
Closed -$28.4K
FIVE icon
388
Five Below
FIVE
$12B
– –
-48
Closed -$8.49K
FND icon
389
Floor & Decor
FND
$6.08B
– –
-200
Closed -$13.9K
FOF icon
390
Cohen & Steers Closed End Opportunity Fund
FOF
$377M
– –
-100
Closed -$1.04K
FOX icon
391
Fox Class B
FOX
$22.1B
– –
-212
Closed -$6.03K
FOXA icon
392
Fox Class A
FOXA
$24.6B
– –
-412
Closed -$12.5K
FPF
393
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.07B
– –
-14,756
Closed -$249K
FR icon
394
First Industrial Realty Trust
FR
$8.69B
– –
-2,465
Closed -$119K
GAB icon
395
Gabelli Equity Trust
GAB
$1.77B
– –
-111,703
Closed -$612K
GBAB
396
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
GBAB
$382M
– –
-4,258
Closed -$69.7K
GE icon
397
GE Aerospace
GE
$383B
– –
-1,287
Closed -$67.2K
GES
398
DELISTED
Guess Inc
GES
– –
-29
Closed -$600
GGN
399
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$770M
– –
-41,600
Closed -$151K
GH icon
400
Guardant Health
GH
$21.3B
– –
-49
Closed -$1.33K
14 15
16
17 18

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CCS
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KOC
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KA
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PAMJ
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Elequin Capital's Q1 2023 Portfolio in Review

As of Q1 2023, Elequin Capital held 701 positions worth $142M, down 60% from $355M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Elequin Capital withdrew a net $159M in Q1 2023, closing 394 positions and reducing 117 holdings. Its most notable exit was South Jersey Industries, Inc. Corporate Units, an estimated $27.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.3% of assets, down from 12% a quarter earlier, followed by Utilities and Healthcare.

Against the trend, Elequin Capital opened a new position in Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B worth $6.37M.

  • Elequin Capital's largest Q1 2023 buy was Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B: 5,000 shares worth $6.37M.
  • Elequin Capital added most to Vanguard Mortgage-Backed Securities ETF in Q1 2023, an estimated $893K increase.
  • Elequin Capital's biggest Q1 2023 reduction was BlackRock Health Sciences Trust II, cutting an estimated $1.44M.
  • Elequin Capital fully exited South Jersey Industries, Inc. Corporate Units in Q1 2023, selling an estimated $27.4M.
  • Elequin Capital's ten largest holdings make up 78% of its $142M portfolio in Q1 2023.
  • Elequin Capital opened 82 new positions and closed 394 in Q1 2023.
  • Elequin Capital's portfolio value fell 60% quarter-over-quarter to $142M.

Based on Elequin Capital's 13F filing for Q1 2023, filed 11 May 2023.