Elequin Capital Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
|
+$6.49M |
| 2 |
Invesco Preferred ETF
PGX
|
+$2.66M |
| 3 |
Fluor
FLR
|
+$1.48M |
| 4 |
iShares Convertible Bond ETF
ICVT
|
+$1.35M |
| 5 |
PG&E
PCG
|
+$1.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SJIV
South Jersey Industries, Inc. Corporate Units
SJIV
|
+$27.4M |
| 2 |
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 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$5.28M |
| 5 |
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% |
Similar funds
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 116 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.