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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
SCMA
676
DELISTED
Seaport Calibre Materials Acquisition Corp. Class A Common Stock
SCMA
– –
-15,533
Closed -$159K
BIOT
677
DELISTED
Biotech Acquisition Company Class A Ordinary Shares
BIOT
– –
-1,510
Closed -$15.3K
MIT
678
DELISTED
Mason Industrial Technology, Inc.
MIT
– –
-3,553
Closed -$35.5K
PRBM
679
DELISTED
Parabellum Acquisition Corp.
PRBM
– –
-1,500
Closed -$15.3K
ELAT
680
DELISTED
Elanco Animal Health Incorporated 5.00% Tangible Equity Units
ELAT
– –
-402,385
Closed -$7.86M
APN
681
DELISTED
Apeiron Capital Investment Corp
APN
– –
-29,253
Closed -$300K
SVFA
682
DELISTED
SVF Investment Corp. Class A Ordinary Shares
SVFA
– –
-700
Closed -$7.08K
NAAC
683
DELISTED
North Atlantic Acquisition Corporation Class A Ordinary Share
NAAC
– –
-750
Closed -$7.58K
SVFAU
684
DELISTED
SVF Investment Corp. Unit
SVFAU
– –
-50,000
Closed -$505K
THAC
685
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
– –
-500
Closed -$5.15K
AEAC
686
DELISTED
Authentic Equity Acquisition Corp. Class A ordinary share
AEAC
– –
-500
Closed -$5.05K
DLCA
687
DELISTED
Deep Lake Capital Acquisition Corp. Class A Ordinary Shares
DLCA
– –
-4,708
Closed -$47.5K
PACX
688
DELISTED
Pioneer Merger Corp. Class A Ordinary Share
PACX
– –
-500
Closed -$5.07K
DRAY
689
DELISTED
Macondray Capital Acquisition Corp. I Class A Ordinary Shares
DRAY
– –
-4,000
Closed -$40.8K
KAIR
690
DELISTED
Kairos Acquisition Corp. Class A Ordinary Shares
KAIR
– –
-21,500
Closed -$217K
HZNP
691
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-218
Closed -$24.8K
SIVB
692
DELISTED
SVB Financial Group
SIVB
– –
-72
Closed -$16.6K
AILE
693
DELISTED
iLearningEngines, Inc. Common Stock
AILE
– –
-65,517
Closed -$657K
NVAC
694
DELISTED
NorthView Acquisition Corporation Common Stock
NVAC
– –
-5,000
Closed -$50.6K
SBNY
695
DELISTED
Signature Bank
SBNY
– –
-110
Closed -$12.7K
PICC
696
DELISTED
Pivotal Investment Corporation III
PICC
– –
-157,392
Closed -$1.59M
24 25 26 27
28

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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.