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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
-8.01%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$437M
AUM Growth
-$154M
(-26%)
Cap. Flow
-$278M
Cap. Flow
% of AUM
-63.62%
Top 10 Holdings %
Top 10 Hldgs %
85.63%
Holding
469
New
128
Increased
133
Reduced
148
Closed
42
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
|
+$164M |
| 2 |
SJIV
South Jersey Industries, Inc. Corporate Units
SJIV
|
+$18.1M |
| 3 |
ASZ
Austerlitz Acquisition Corporation II
ASZ
|
+$2.3M |
| 4 |
AGCB
Altimeter Growth Corp 2
AGCB
|
+$2.21M |
| 5 |
CVII
Churchill Capital Corp VII Class A Common Stock
CVII
|
+$2.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
|
+$453M |
| 2 |
AVTR.PRA
Avantor, Inc. Series A Mandatory Convertible Preferred Stock
AVTR.PRA
|
+$25.4M |
| 3 |
WTRU
Essential Utilities, Inc.6.00% Tangible Equity Units
WTRU
|
+$3.22M |
| 4 |
Aptiv
APTV
|
+$1.04M |
| 5 |
Algonquin Power & Utilities
AQN
|
+$933K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9.4% |
| 2 | Technology | 0.93% |
| 3 | Healthcare | 0.89% |
| 4 | Industrials | 0.67% |
| 5 | Communication Services | 0.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Coherent
COHR
$47.6B
| $24K | 0.01% |
464
+40
| +9% | +$2.44K |
|
|
EXAS
177
DELISTED
Exact Sciences
EXAS
| $24K | 0.01% |
601
-59
| -9% | -$3.15K |
|
178
Cinemark Holdings
CNK
$4.09B
| $23K | 0.01% |
1,561
+92
| +6% | +$1.46K |
|
179
Fluor
FLR
$6.89B
| $22K | 0.01% |
894
+183
| +26% | +$4.92K |
|
180
Okta
OKTA
$23.7B
| $22K | 0.01% |
248
-36
| -13% | -$3.89K |
|
|
X
181
DELISTED
US Steel
X
| $22K | 0.01% |
1,225
+11
| +0.9% | +$301 |
|
182
Dropbox
DBX
$7.48B
| $21K | ﹤0.01% |
1,018
+93
| +10% | +$2.01K |
|
183
HubSpot
HUBS
$12.2B
| $21K | ﹤0.01% |
71
-19
| -21% | -$6.94K |
|
184
MP Materials
MP
$7.35B
| $21K | ﹤0.01% |
667
-114
| -15% | -$4.6K |
|
185
Pebblebrook Hotel Trust
PEB
$2.2B
| $21K | ﹤0.01% |
1,268
+125
| +11% | +$2.76K |
|
186
BioMarin Pharmaceuticals
BMRN
$12B
| $20K | ﹤0.01% |
239
+50
| +26% | +$3.98K |
|
187
Ionis Pharmaceuticals
IONS
$9.14B
| $20K | ﹤0.01% |
532
+172
| +48% | +$6.49K |
|
|
P
188
Everpure Inc
P
$24.3B
| $20K | ﹤0.01% |
793
-20
| -2% | -$553 |
|
189
Carnival Corporation Ltd
CCL
$38.7B
| $19K | ﹤0.01% |
2,230
-263
| -11% | -$3.86K |
|
190
Chewy
CHWY
$9.38B
| $19K | ﹤0.01% |
543
-72
| -12% | -$2.31K |
|
191
Neurocrine Biosciences
NBIX
$18.4B
| $19K | ﹤0.01% |
195
+19
| +11% | +$1.75K |
|
192
Bentley Systems
BSY
$10.9B
| $18K | ﹤0.01% |
537
+67
| +14% | +$2.46K |
|
193
Copa Holdings
CPA
$5.71B
| $18K | ﹤0.01% |
287
+47
| +20% | +$3.31K |
|
194
NRG Energy
NRG
$26.9B
| $18K | ﹤0.01% |
470
+106
| +29% | +$4.33K |
|
195
Wayfair
W
$12.5B
| $18K | ﹤0.01% |
411
+8
| +2% | +$562 |
|
196
BlackLine
BL
$1.87B
| $17K | ﹤0.01% |
257
+38
| +17% | +$2.6K |
|
197
Insmed
INSM
$22.6B
| $17K | ﹤0.01% |
856
+191
| +29% | +$4K |
|
198
FIVE9
FIVN
$2.08B
| $16K | ﹤0.01% |
175
+3
| +2% | +$303 |
|
199
Shift4
FOUR
$4.35B
| $16K | ﹤0.01% |
480
-6
| -1% | -$283 |
|
200
Insight Enterprises
NSIT
$3.77B
| $16K | ﹤0.01% |
189
-45
| -19% | -$4.39K |
|
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Elequin Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Elequin Capital held 469 positions worth $437M, down 26% from $590M the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Elequin Capital withdrew a net $278M in Q2 2022, closing 42 positions and reducing 148 holdings. Its most notable exit was Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A, an estimated $453M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9.4% of assets, up from 0.03% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Elequin Capital opened a new position in Austerlitz Acquisition Corporation II worth $2.29M.
- Elequin Capital's largest Q2 2022 buy was Austerlitz Acquisition Corporation II: 235,000 shares worth $2.29M.
- Elequin Capital added most to Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q2 2022, an estimated $164M increase.
- Elequin Capital's biggest Q2 2022 reduction was Aptiv, cutting an estimated $1.04M.
- Elequin Capital fully exited Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A in Q2 2022, selling an estimated $453M.
- Elequin Capital's ten largest holdings make up 86% of its $437M portfolio in Q2 2022.
- Elequin Capital opened 128 new positions and closed 42 in Q2 2022.
- Elequin Capital's portfolio value fell 26% quarter-over-quarter to $437M.
Based on Elequin Capital's 13F filing for Q2 2022, filed 11 Aug 2022.