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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
-5.61%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$267M
AUM Growth
-$170M
Cap. Flow
-$43.3M
Cap. Flow %
-16.21%
Top 10 Hldgs %
79.28%
Holding
746
New
321
Increased
50
Reduced
153
Closed
192

Top Buys

Rank Stock Value
1
SWT
Stanley Black & Decker, Inc.
SWT
+$52.7M
2
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$23.7M
3
SJIV
South Jersey Industries, Inc. Corporate Units
SJIV
+$21.4M
4
ELAT
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
+$6.87M
5
KRG icon
Kite Realty
KRG
+$1.99M

Top Sells

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$140M
2
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$2.21M
3
PCPC
Periphas Capital Partnering Corporation
PCPC
+$1.84M
4
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$1.55M
5
KVSA
Khosla Ventures Acquisition Co. Class A Common Stock
KVSA
+$1.32M

Sector Composition

Rank Sector Weight
1 Financials 13.78%
2 Real Estate 2.56%
3 Technology 1.04%
4 Industrials 0.99%
5 Healthcare 0.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNIT
676
Uniti Group
UNIT
$2.36B
– –
-112
Closed -$1K
V icon
677
Visa
V
$684B
– –
-3
Closed -$1K
VNET
678
VNET Group
VNET
$2.04B
– –
-168
Closed -$1K
VOYA icon
679
Voya Financial
VOYA
$9.01B
– –
-238
Closed -$14K
VRM icon
680
Vroom Inc
VRM
$39M
– –
-5
Closed -$1K
VRNS icon
681
Varonis Systems
VRNS
$4.59B
– –
-44
Closed -$1K
VRNT
682
DELISTED
Verint Systems
VRNT
– –
-16
Closed -$1K
VSH icon
683
Vishay Intertechnology
VSH
$5.25B
– –
-309
Closed -$6K
VTEB icon
684
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
– –
-638
Closed -$32K
WB icon
685
Weibo
WB
$2B
– –
-4
Closed –
WDAY icon
686
Workday
WDAY
$39.6B
– –
-277
Closed -$39K
WDC icon
687
Western Digital
WDC
$188B
– –
-74
Closed -$3K
WFC icon
688
Wells Fargo
WFC
$261B
– –
-13
Closed -$1K
WGO icon
689
Winnebago Industries
WGO
$856M
– –
-23
Closed -$1K
WOLF icon
690
Wolfspeed
WOLF
$1.23B
– –
-834
Closed -$53K
X
691
DELISTED
US Steel
X
– –
-1,225
Closed -$22K
JBTM
692
JBT Marel
JBTM
$7.21B
– –
-64
Closed -$7K
BZAI
693
Blaize Holdings
BZAI
$112M
– –
-25,000
Closed -$248K
XYZ
694
Block Inc
XYZ
$48.4B
– –
-648
Closed -$40K
ATSG
695
DELISTED
Air Transport Services Group
ATSG
– –
-42
Closed -$1K
ACCD
696
DELISTED
Accolade Inc
ACCD
– –
-19
Closed –
RVNC
697
DELISTED
Revance Therapeutics, Inc.
RVNC
– –
-50
Closed -$1K
SAVE
698
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-174
Closed -$4K
ASTSW
699
DELISTED
AST SpaceMobile, Inc. Warrant
ASTSW
– –
-1
Closed –
SPWR
700
DELISTED
SunPower Corporation Common Stock
SPWR
– –
-274
Closed -$4K
26 27
28
29 30

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Elequin Capital's Q3 2022 Portfolio in Review

As of Q3 2022, Elequin Capital held 746 positions worth $267M, down 39% from $437M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Elequin Capital withdrew a net $43.3M in Q3 2022, closing 192 positions and reducing 153 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $140M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 9.4% a quarter earlier, followed by Real Estate and Technology.

Against the trend, Elequin Capital opened a new position in Stanley Black & Decker, Inc. worth $41.1M.

  • Elequin Capital's largest Q3 2022 buy was Stanley Black & Decker, Inc.: 850,245 shares worth $41.1M.
  • Elequin Capital added most to South Jersey Industries, Inc. Corporate Units in Q3 2022, an estimated $21.4M increase.
  • Elequin Capital's biggest Q3 2022 reduction was Austerlitz Acquisition Corporation II, cutting an estimated $1.01M.
  • Elequin Capital fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q3 2022, selling an estimated $140M.
  • Elequin Capital's ten largest holdings make up 79% of its $267M portfolio in Q3 2022.
  • Elequin Capital opened 321 new positions and closed 192 in Q3 2022.
  • Elequin Capital's portfolio value fell 39% quarter-over-quarter to $267M.

Based on Elequin Capital's 13F filing for Q3 2022, filed 10 Nov 2022.