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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
-3.72%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$378M
AUM Growth
-$143M
(-27%)
Cap. Flow
-$250M
Cap. Flow
% of AUM
-66.19%
Top 10 Holdings %
Top 10 Hldgs %
90.55%
Holding
392
New
151
Increased
10
Reduced
14
Closed
200
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg Convertible Securities ETF
CWB
|
+$13.6M |
| 2 |
Vanguard Tax-Exempt Bond Index Fund
VTEB
|
+$6.29M |
| 3 |
iShares Convertible Bond ETF
ICVT
|
+$5.27M |
| 4 |
VanEck High Yield Muni ETF
HYD
|
+$4.93M |
| 5 |
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
|
+$4.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CLVT.PRA
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
|
+$23.8M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$22.7M |
| 3 |
Bitwise Bitcoin ETF
BITB
|
+$13.1M |
| 4 |
UGIC
UGI Corporation
UGIC
|
+$4.57M |
| 5 |
WisdomTree Bitcoin Fund
BTCW
|
+$4.44M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 0.57% |
| 2 | Consumer Discretionary | 0.18% |
| 3 | Real Estate | 0.14% |
| 4 | Technology | 0.08% |
| 5 | Financials | 0.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Revolution Medicines
RVMD
$38.3B
| $9.08K | ﹤0.01% |
+234
| New | +$8.75K |
|
127
SiriusXM
SIRI
$10.7B
| $9.08K | ﹤0.01% |
321
+292
| +1,007% | +$8.72K |
|
128
Lowe's Companies
LOW
$122B
| $9.04K | ﹤0.01% |
+41
| New | +$9.35K |
|
129
Reinsurance Group of America
RGA
$15.7B
| $9.03K | ﹤0.01% |
+44
| New | +$8.79K |
|
130
Boot Barn
BOOT
$4.62B
| $9.03K | ﹤0.01% |
+70
| New | +$7.88K |
|
131
HCA Healthcare
HCA
$91.9B
| $9K | ﹤0.01% |
+28
| New | +$9.1K |
|
132
Halliburton
HAL
$26.1B
| $8.92K | ﹤0.01% |
+264
| New | +$9.74K |
|
133
Gentex
GNTX
$5.14B
| $8.9K | ﹤0.01% |
+264
| New | +$9.12K |
|
134
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$166M
| $8.89K | ﹤0.01% |
153
-30,016
| -99% | -$1.5M |
|
135
NXP Semiconductors
NXPI
$60.6B
| $8.88K | ﹤0.01% |
+33
| New | +$8.51K |
|
136
Universal Health Services
UHS
$10.2B
| $8.88K | ﹤0.01% |
+48
| New | +$8.49K |
|
137
American Express
AXP
$226B
| $8.8K | ﹤0.01% |
+38
| New | +$8.8K |
|
138
iShares Biotechnology ETF
IBB
$9.47B
| $8.79K | ﹤0.01% |
+64
| New | +$8.54K |
|
139
Domino's
DPZ
$12B
| $8.78K | ﹤0.01% |
+17
| New | +$8.67K |
|
140
AutoNation
AN
$7.7B
| $8.77K | ﹤0.01% |
+55
| New | +$8.97K |
|
141
Automatic Data Processing
ADP
$112B
| $8.59K | ﹤0.01% |
+36
| New | +$8.84K |
|
142
Johnson Controls International
JCI
$83.9B
| $8.57K | ﹤0.01% |
+129
| New | +$8.68K |
|
143
Regeneron Pharmaceuticals
REGN
$72.9B
| $8.41K | ﹤0.01% |
+8
| New | +$7.75K |
|
144
BridgeBio Pharma
BBIO
$16.5B
| $7.95K | ﹤0.01% |
314
-8
| -2% | -$219 |
|
145
Blackstone Mortgage Trust
BXMT
$2.76B
| $7.02K | ﹤0.01% |
390
-99
| -20% | -$1.79K |
|
146
TJX Companies
TJX
$180B
| $6.94K | ﹤0.01% |
+63
| New | +$6.35K |
|
147
Kimberly-Clark
KMB
$37.5B
| $6.91K | ﹤0.01% |
+50
| New | +$6.68K |
|
148
Cenovus Energy
CVE
$54B
| $6.86K | ﹤0.01% |
+349
| New | +$7.06K |
|
149
Ross Stores
ROST
$80.8B
| $6.68K | ﹤0.01% |
+46
| New | +$6.36K |
|
150
Procter & Gamble
PG
$338B
| $6.6K | ﹤0.01% |
+40
| New | +$6.54K |
|
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Elequin Capital's Q2 2024 Portfolio in Review
As of Q2 2024, Elequin Capital held 392 positions worth $378M, down 27% from $521M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Elequin Capital withdrew a net $250M in Q2 2024, closing 200 positions and reducing 14 holdings. Its most notable exit was Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares, an estimated $23.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 0.57% of assets, up from 0.48% a quarter earlier, followed by Consumer Discretionary and Real Estate.
Against the trend, Elequin Capital opened a new position in Vanguard Tax-Exempt Bond Index Fund worth $6.3M.
- Elequin Capital's largest Q2 2024 buy was Vanguard Tax-Exempt Bond Index Fund: 125,739 shares worth $6.3M.
- Elequin Capital added most to State Street SPDR Bloomberg Convertible Securities ETF in Q2 2024, an estimated $13.6M increase.
- Elequin Capital's biggest Q2 2024 reduction was Fidelity Wise Origin Bitcoin Fund, cutting an estimated $22.7M.
- Elequin Capital fully exited Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares in Q2 2024, selling an estimated $23.8M.
- Elequin Capital's ten largest holdings make up 91% of its $378M portfolio in Q2 2024.
- Elequin Capital opened 151 new positions and closed 200 in Q2 2024.
- Elequin Capital's portfolio value fell 27% quarter-over-quarter to $378M.
Based on Elequin Capital's 13F filing for Q2 2024, filed 12 Aug 2024.