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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 | |
|---|---|---|---|---|---|---|
|
CYBR
201
DELISTED
CyberArk
CYBR
| $15K | ﹤0.01% |
121
-8
| -6% | -$1.16K |
|
|
PARA
202
DELISTED
Paramount Global Class B
PARA
| $15K | ﹤0.01% |
600
+88
| +17% | +$2.68K |
|
203
Marriott Vacations Worldwide
VAC
$3.52B
| $15K | ﹤0.01% |
125
+2
| +2% | +$281 |
|
204
Ziff Davis
ZD
$1.95B
| $15K | ﹤0.01% |
199
-20
| -9% | -$1.66K |
|
205
Guardant Health
GH
$19B
| $14K | ﹤0.01% |
335
+20
| +6% | +$991 |
|
206
Halozyme
HALO
$9.9B
| $14K | ﹤0.01% |
315
+89
| +39% | +$3.85K |
|
207
Parsons
PSN
$6.64B
| $14K | ﹤0.01% |
338
+67
| +25% | +$2.57K |
|
208
SiriusXM
SIRI
$10.7B
| $14K | ﹤0.01% |
221
-36
| -14% | -$2.24K |
|
209
Voya Financial
VOYA
$9.07B
| $14K | ﹤0.01% |
238
-58
| -20% | -$3.73K |
|
210
InterDigital
IDCC
$6.72B
| $13K | ﹤0.01% |
212
+80
| +61% | +$4.91K |
|
211
Stride
LRN
$4.08B
| $13K | ﹤0.01% |
311
+41
| +15% | +$1.52K |
|
|
NOVA
212
DELISTED
Sunnova Energy
NOVA
| $13K | ﹤0.01% |
686
+54
| +9% | +$1.03K |
|
213
Rapid7
RPD
$642M
| $13K | ﹤0.01% |
194
-31
| -14% | -$2.56K |
|
214
Tyler Technologies
TYL
$13.7B
| $13K | ﹤0.01% |
40
+3
| +8% | +$1.1K |
|
215
Elanco Animal Health
ELAN
$12.7B
| $12K | ﹤0.01% |
600
+195
| +48% | +$4.62K |
|
216
Integra LifeSciences
IART
$1.54B
| $12K | ﹤0.01% |
221
-57
| -21% | -$3.42K |
|
217
Pacira BioSciences
PCRX
$1.05B
| $12K | ﹤0.01% |
212
-23
| -10% | -$1.51K |
|
218
Progress Software
PRGS
$1.66B
| $12K | ﹤0.01% |
263
+53
| +25% | +$2.52K |
|
|
OPA
219
DELISTED
Magnum Opus Acquisition Limited
OPA
| $12K | ﹤0.01% |
+1,200
| New | +$11.8K |
|
|
ICPT
220
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $12K | ﹤0.01% |
900
+23
| +3% | +$368 |
|
|
COUP
221
DELISTED
Coupa Software Incorporated
COUP
| $12K | ﹤0.01% |
209
-11
| -5% | -$848 |
|
|
ZEN
222
DELISTED
ZENDESK INC
ZEN
| $12K | ﹤0.01% |
158
-221
| -58% | -$21.8K |
|
223
Ascendis Pharma A/S
ASND
$16.7B
| $11K | ﹤0.01% |
113
+94
| +495% | +$8.86K |
|
224
DigitalOcean
DOCN
$13.2B
| $11K | ﹤0.01% |
260
+44
| +20% | +$1.96K |
|
225
National Vision
EYE
$1.75B
| $11K | ﹤0.01% |
391
-171
| -30% | -$5.63K |
|
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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.