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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
DHR.PRB
1
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$6.37M 4.48%
+5,000
New +$6.49M
PGX icon
2
Invesco Preferred ETF
PGX
$3.83B
$2.54M 1.79%
+221,525
New +$2.66M
CIIG
3
DELISTED
CIIG Capital Partners II, Inc. Class A Common Stock
CIIG
$1.74M 1.22%
167,372
– –
CLDI icon
4
Calidi Biotherapeutics
CLDI
$2.06M
$1.74M 1.22%
1,412
-2
-0.1% -$2.45K
ICVT icon
5
iShares Convertible Bond ETF
ICVT
$7.37B
$1.35M 0.95%
+18,649
New +$1.35M
FLR icon
6
Fluor
FLR
$7.37B
$1.33M 0.93%
+42,907
New +$1.48M
NBST
7
DELISTED
Newbury Street Acquisition Corporation Common Stock
NBST
$1.23M 0.86%
119,663
– –
PCG icon
8
PG&E
PCG
$39B
$1.1M 0.77%
+68,076
New +$1.08M
EXG icon
9
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.91B
$1.03M 0.72%
131,979
-3,408
-3% -$26.3K
RVT icon
10
Royce Value Trust
RVT
$2.19B
$1.02M 0.72%
75,442
-1,662
-2% -$23.3K
AQN icon
11
Algonquin Power & Utilities
AQN
$4.62B
$1.02M 0.72%
+121,118
New +$911K
VMBS icon
12
Vanguard Mortgage-Backed Securities ETF
VMBS
$15.4B
$952K 0.67%
20,461
+19,238
+1,573% +$893K
GLD icon
13
SPDR Gold Trust
GLD
$130B
$890K 0.63%
+4,855
New +$854K
ADX icon
14
Adams Diversified Equity Fund
ADX
$3.19B
$845K 0.59%
54,350
-15,026
-22% -$229K
AIMBU
15
DELISTED
Aimfinity Investment Corp I Subunit
AIMBU
$828K 0.58%
80,000
– –
SLV icon
16
iShares Silver Trust
SLV
$27.8B
$828K 0.58%
+37,421
New +$775K
HWH icon
17
HWH International
HWH
$9.81M
$775K 0.54%
15,073
– –
ETG
18
Eaton Vance Tax-Advantaged Global Dividend Income Fund
ETG
$1.74B
$588K 0.41%
36,380
-50,103
-58% -$803K
AEAE
19
DELISTED
AltEnergy Acquisition Corp
AEAE
$552K 0.39%
53,210
-1,000
-2% -$10.3K
HQH
20
abrdn Healthcare Investors
HQH
$1.2B
$551K 0.39%
31,205
-12,471
-29% -$227K
CNDA
21
DELISTED
Concord Acquisition Corp II
CNDA
$539K 0.38%
53,160
– –
PSQH icon
22
PSQ Holdings
PSQH
$11.8M
$531K 0.37%
3,493
-13
-0.4% -$1.96K
JWAC
23
DELISTED
Jupiter Wellness Acquisition Corp. Class A Common Stock
JWAC
$528K 0.37%
50,050
-50
-0.1% -$520
AVAC
24
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
$522K 0.37%
50,022
– –
LVAC
25
DELISTED
LAVA Medtech Acquisition Corp. Class A Common Stock
LVAC
$522K 0.37%
50,000
– –
1
2 3 4 5

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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.