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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
GKOS icon
401
Glaukos
GKOS
$10.1B
– –
-12
Closed -$524
GLPI icon
402
Gaming and Leisure Properties
GLPI
$12.7B
– –
-16,438
Closed -$856K
GM icon
403
General Motors
GM
$79.3B
– –
-1,036
Closed -$34.9K
GNRC icon
404
Generac Holdings
GNRC
$11.9B
– –
-122
Closed -$12.3K
GOF icon
405
Guggenheim Strategic Opportunities Fund
GOF
$2.22B
– –
-15,564
Closed -$237K
GOOG icon
406
Alphabet (Google) Class C
GOOG
$4.56T
– –
-988
Closed -$87.7K
GOOGL icon
407
Alphabet (Google) Class A
GOOGL
$4.57T
– –
-962
Closed -$84.9K
GS icon
408
Goldman Sachs
GS
$303B
– –
-92
Closed -$31.6K
HCA icon
409
HCA Healthcare
HCA
$88B
– –
-92
Closed -$22.1K
HFRO
410
Highland Opportunities and Income Fund
HFRO
$418M
– –
-26,500
Closed -$273K
HIO
411
Western Asset High Income Opportunity Fund
HIO
$336M
– –
-14,031
Closed -$55.4K
HIW icon
412
Highwoods Properties
HIW
$3.67B
– –
-12,737
Closed -$356K
HLF icon
413
Herbalife
HLF
$1.32B
– –
-111
Closed -$1.65K
HON icon
414
Honeywell
HON
$78.2B
– –
-199
Closed -$40.3K
HPF
415
John Hancock Preferred Income Fund II
HPF
$344M
– –
-4,155
Closed -$65.2K
HPI
416
John Hancock Preferred Income Fund
HPI
$431M
– –
-297
Closed -$4.77K
HPS
417
John Hancock Preferred Income Fund III
HPS
$458M
– –
-7,142
Closed -$103K
HR icon
418
Healthcare Realty
HR
$7.12B
– –
-68,288
Closed -$1.32M
HST icon
419
Host Hotels & Resorts
HST
$17.2B
– –
-9,935
Closed -$159K
HYD icon
420
VanEck High Yield Muni ETF
HYD
$4.42B
– –
-98,712
Closed -$4.99M
ICE icon
421
Intercontinental Exchange
ICE
$85.2B
– –
-226
Closed -$23.2K
IFN
422
Aberdeen India Fund
IFN
$503M
– –
-9,658
Closed -$143K
ILMN icon
423
Illumina
ILMN
$30B
– –
-149
Closed -$29.3K
INTU icon
424
Intuit
INTU
$87.1B
– –
-120
Closed -$46.7K
INVH icon
425
Invitation Homes
INVH
$18.1B
– –
-35,964
Closed -$1.07M
15 16
17
18 19

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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.