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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
+1.37%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$196M
AUM Growth
+$53.4M
Cap. Flow
-$20.6M
Cap. Flow %
-10.52%
Top 10 Hldgs %
68.42%
Holding
688
New
375
Increased
38
Reduced
38
Closed
155

Top Buys

Rank Stock Value
1
IIVI
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
+$11M
2
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$7.63M
3
CLVT.PRA
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
+$7.54M
4
REXR icon
Rexford Industrial Realty
REXR
+$3.84M
5
BNL icon
Broadstone Net Lease
BNL
+$3.39M

Top Sells

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$6.37M
2
PGX icon
Invesco Preferred ETF
PGX
+$2.54M
3
CIIG
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
+$1.74M
4
ICVT icon
iShares Convertible Bond ETF
ICVT
+$1.35M
5
FLR icon
Fluor
FLR
+$1.33M

Sector Composition

Rank Sector Weight
1 Real Estate 17.39%
2 Financials 7.05%
3 Healthcare 1.13%
4 Technology 0.66%
5 Consumer Discretionary 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETY icon
551
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.24B
– –
-300
Closed -$3.5K
FFA
552
First Trust Enhanced Equity Income Fund
FFA
$446M
– –
-1,924
Closed -$31.8K
FFC
553
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$767M
– –
-1,168
Closed -$16.2K
FINS
554
Angel Oak Financial Strategies Income Term Trust
FINS
$416M
– –
-4,946
Closed -$61K
FLR icon
555
Fluor
FLR
$6.54B
– –
-42,907
Closed -$1.33M
FRA icon
556
BlackRock Floating Rate Income Strategies Fund
FRA
$380M
– –
-2,376
Closed -$27.8K
GHY
557
PGIM Global High Yield Fund
GHY
$476M
– –
-7,613
Closed -$83.5K
GLD icon
558
SPDR Gold Trust
GLD
$131B
– –
-4,855
Closed -$890K
GUT
559
Gabelli Utility Trust
GUT
$564M
– –
-103
Closed -$715
HQH
560
abrdn Healthcare Investors
HQH
$1.25B
– –
-31,205
Closed -$551K
HQL
561
abrdn Life Sciences Investors
HQL
$584M
– –
-13,356
Closed -$186K
HWH icon
562
HWH International
HWH
$10.9M
– –
-15,073
Closed -$775K
HYT icon
563
BlackRock Corporate High Yield Fund
HYT
$1.35B
– –
-16,367
Closed -$143K
ICVT icon
564
iShares Convertible Bond ETF
ICVT
$6.97B
– –
-18,649
Closed -$1.35M
IGD
565
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$509M
– –
-12,421
Closed -$63.3K
IIF
566
Morgan Stanley India Investment Fund
IIF
$214M
– –
-4,770
Closed -$92.8K
ISD
567
PGIM High Yield Bond Fund
ISD
$414M
– –
-1,657
Closed -$20.2K
JGH icon
568
Nuveen Global High Income Fund
JGH
$348M
– –
-5,969
Closed -$66.2K
JPC icon
569
Nuveen Preferred & Income Opportunities Fund
JPC
$2.88B
– –
-258
Closed -$1.7K
JPM icon
570
JPMorgan Chase
JPM
$916B
– –
-3
Closed -$391
KKR icon
571
KKR & Co
KKR
$89.1B
– –
-127
Closed -$6.67K
MIN
572
Aberdeen Intermediate Income Fund
MIN
$275M
– –
-31,000
Closed -$85.9K
MMYT icon
573
MakeMyTrip
MMYT
$5.38B
– –
-10
Closed -$245
MSAI icon
574
MultiSensor AI
MSAI
$9.13M
– –
-380
Closed -$158K
MUB icon
575
iShares National Muni Bond ETF
MUB
$45.2B
– –
-383
Closed -$41.3K
21 22
23
24 25

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Elequin Capital's Q2 2023 Portfolio in Review

As of Q2 2023, Elequin Capital held 688 positions worth $196M, up 38% from $142M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Elequin Capital withdrew a net $20.6M in Q2 2023, closing 155 positions and reducing 38 holdings. Its most notable exit was Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B, an estimated $6.37M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 17% of assets, up from 0% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Elequin Capital opened a new position in Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock worth $14.5M.

  • Elequin Capital's largest Q2 2023 buy was Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock: 63,711 shares worth $14.5M.
  • Elequin Capital added most to Liberty All-Star Equity Fund in Q2 2023, an estimated $316K increase.
  • Elequin Capital's biggest Q2 2023 reduction was iShares Silver Trust, cutting an estimated $798K.
  • Elequin Capital fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q2 2023, selling an estimated $6.37M.
  • Elequin Capital's ten largest holdings make up 68% of its $196M portfolio in Q2 2023.
  • Elequin Capital opened 375 new positions and closed 155 in Q2 2023.
  • Elequin Capital's portfolio value rose 38% quarter-over-quarter to $196M.

Based on Elequin Capital's 13F filing for Q2 2023, filed 14 Aug 2023.