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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
-1.47%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$515M
AUM Growth
+$320M
Cap. Flow
-$60.4M
Cap. Flow %
-11.73%
Top 10 Hldgs %
85.24%
Holding
670
New
139
Increased
87
Reduced
103
Closed
273

Top Buys

Rank Stock Value
1
RY icon
Royal Bank of Canada
RY
+$4.73M
2
VICI icon
VICI Properties
VICI
+$2.25M
3
O icon
Realty Income
O
+$1.88M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.82M
5
EXR icon
Extra Space Storage
EXR
+$1.79M

Top Sells

Rank Stock Value
1
IIVI
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
+$14.5M
2
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$4.46M
3
REXR icon
Rexford Industrial Realty
REXR
+$2.4M
4
RYN icon
Rayonier
RYN
+$2.12M
5
CLDI icon
Calidi Biotherapeutics
CLDI
+$1.78M

Sector Composition

Rank Sector Weight
1 Real Estate 7.71%
2 Financials 2.73%
3 Energy 0.45%
4 Utilities 0.11%
5 Healthcare 0.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UBER icon
601
Uber
UBER
$143B
– –
-76
Closed -$3.28K
UDR icon
602
UDR
UDR
$12.3B
– –
-14,655
Closed -$630K
UNIT
603
Uniti Group
UNIT
$2.36B
– –
-1,260
Closed -$5.82K
UPST icon
604
Upstart Holdings
UPST
$2.63B
– –
-38
Closed -$1.36K
UPWK icon
605
Upwork
UPWK
$1.13B
– –
-27
Closed -$252
VAC icon
606
Marriott Vacations Worldwide
VAC
$3.35B
– –
-79
Closed -$9.7K
VNET
607
VNET Group
VNET
$2.04B
– –
-1
Closed -$3
VRM icon
608
Vroom Inc
VRM
$39M
– –
-1
Closed -$145
VRNT
609
DELISTED
Verint Systems
VRNT
– –
-102
Closed -$3.58K
VSH icon
610
Vishay Intertechnology
VSH
$5.25B
– –
-289
Closed -$8.5K
VVR icon
611
Invesco Senior Income Trust
VVR
$457M
– –
-6,878
Closed -$26.5K
W icon
612
Wayfair
W
$11.2B
– –
-592
Closed -$38.5K
WAL icon
613
Western Alliance Bancorporation
WAL
$8.79B
– –
-808
Closed -$29.5K
WK icon
614
Workiva
WK
$3.36B
– –
-160
Closed -$16.3K
WOLF icon
615
Wolfspeed
WOLF
$1.23B
– –
-840
Closed -$46.7K
X
616
DELISTED
US Steel
X
– –
-879
Closed -$22K
XBP icon
617
XBP Global Holdings
XBP
$33.7M
– –
-100
Closed -$10.8K
Z icon
618
Zillow
Z
$7.79B
– –
-646
Closed -$32.5K
ZD icon
619
Ziff Davis
ZD
$1.96B
– –
-161
Closed -$11.3K
ZS icon
620
Zscaler
ZS
$24.5B
– –
-144
Closed -$21.1K
ZTO icon
621
ZTO Express
ZTO
$18.3B
– –
-617
Closed -$15.5K
DAY
622
DELISTED
Dayforce
DAY
– –
-55
Closed -$3.68K
FLD
623
Fold Holdings
FLD
$22.9M
– –
-11,699
Closed -$121K
JBTM
624
JBT Marel
JBTM
$7.21B
– –
-35
Closed -$4.25K
XYZ
625
Block Inc
XYZ
$48.4B
– –
-111
Closed -$7.39K
23 24
25
26 27

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Elequin Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Elequin Capital held 670 positions worth $515M, up 163% from $196M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Elequin Capital withdrew a net $60.4M in Q3 2023, closing 273 positions and reducing 103 holdings. Its most notable exit was Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock, an estimated $14.5M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 7.7% of assets, down from 17% a quarter earlier, followed by Financials and Energy.

Against the trend, Elequin Capital opened a new position in VICI Properties worth $2.11M.

  • Elequin Capital's largest Q3 2023 buy was VICI Properties: 72,550 shares worth $2.11M.
  • Elequin Capital added most to Royal Bank of Canada in Q3 2023, an estimated $4.73M increase.
  • Elequin Capital's biggest Q3 2023 reduction was State Street SPDR Bloomberg Convertible Securities ETF, cutting an estimated $4.46M.
  • Elequin Capital fully exited Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock in Q3 2023, selling an estimated $14.5M.
  • Elequin Capital's ten largest holdings make up 85% of its $515M portfolio in Q3 2023.
  • Elequin Capital opened 139 new positions and closed 273 in Q3 2023.
  • Elequin Capital's portfolio value rose 163% quarter-over-quarter to $515M.

Based on Elequin Capital's 13F filing for Q3 2023, filed 14 Nov 2023.