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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
-1.47%
1 Year Est. Return
+16.08%
3 Year Est. Return
+46.25%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$515M
AUM Growth
+$320M
Cap. Flow
-$60.4M
Cap. Flow %
-11.73%
Top 10 Hldgs %
85.24%
Holding
670
New
139
Increased
87
Reduced
103
Closed
273

Top Buys

Rank Stock Value
1
RY icon
Royal Bank of Canada
RY
+$4.73M
2
VICI icon
VICI Properties
VICI
+$2.25M
3
O icon
Realty Income
O
+$1.88M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.82M
5
EXR icon
Extra Space Storage
EXR
+$1.79M

Top Sells

Rank Stock Value
1
IIVI
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock
IIVI
+$14.5M
2
CWB icon
State Street SPDR Bloomberg Convertible Securities ETF
CWB
+$4.46M
3
REXR icon
Rexford Industrial Realty
REXR
+$2.4M
4
RYN icon
Rayonier
RYN
+$2.12M
5
CLDI icon
Calidi Biotherapeutics
CLDI
+$1.78M

Sector Composition

Rank Sector Weight
1 Real Estate 7.71%
2 Financials 2.73%
3 Energy 0.45%
4 Utilities 0.11%
5 Healthcare 0.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RY icon
1
Royal Bank of Canada
RY
$294B
$6.53M 1.27%
74,640
+50,800
+213% +$4.73M
CLVT.PRA
2
DELISTED
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
$5.85M 1.13%
200,000
– –
MAA icon
3
Mid-America Apartment Communities
MAA
$15.3B
$3.84M 0.74%
29,820
+9,817
+49% +$1.42M
CWB icon
4
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.78B
$3.36M 0.65%
49,622
-63,942
-56% -$4.46M
EXR icon
5
Extra Space Storage
EXR
$30.6B
$2.73M 0.53%
22,482
+13,330
+146% +$1.79M
O icon
6
Realty Income
O
$60.6B
$2.32M 0.45%
46,434
+32,700
+238% +$1.88M
SUI icon
7
Sun Communities
SUI
$14.7B
$2.31M 0.45%
19,478
+8,099
+71% +$1.03M
VICI icon
8
VICI Properties
VICI
$29.3B
$2.11M 0.41%
+72,550
New +$2.25M
BNL icon
9
Broadstone Net Lease
BNL
$4.35B
$2.01M 0.39%
140,325
-71,097
-34% -$1.14M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$787B
$1.75M 0.34%
+4,085
New +$1.82M
SHO icon
11
Sunstone Hotel Investors
SHO
$2.19B
$1.66M 0.32%
+177,393
New +$1.68M
INVH icon
12
Invitation Homes
INVH
$17.5B
$1.56M 0.3%
49,297
+19,033
+63% +$654K
WMB icon
13
Williams Companies
WMB
$91.1B
$1.55M 0.3%
+46,000
New +$1.57M
TRNO icon
14
Terreno Realty
TRNO
$7.73B
$1.52M 0.3%
26,794
+20,747
+343% +$1.24M
ADC icon
15
Agree Realty
ADC
$9.63B
$1.47M 0.28%
26,585
+19,589
+280% +$1.22M
HR icon
16
Healthcare Realty
HR
$7.37B
$1.44M 0.28%
94,157
+27,536
+41% +$489K
FCVT icon
17
First Trust SSI Strategic Convertible Securities ETF
FCVT
$114M
$1.33M 0.26%
42,648
-28,842
-40% -$929K
PARAP
18
DELISTED
Paramount Global 5.75% Series A Mandatory Convertible Preferred Stock
PARAP
$1.32M 0.26%
+74,517
New +$1.58M
ESS icon
19
Essex Property Trust
ESS
$18.8B
$1.26M 0.24%
+5,931
New +$1.39M
REXR icon
20
Rexford Industrial Realty
REXR
$8.3B
$1.23M 0.24%
24,939
-45,459
-65% -$2.4M
WELL icon
21
Welltower
WELL
$173B
$1.13M 0.22%
13,803
+8,551
+163% +$703K
OHI icon
22
Omega Healthcare
OHI
$15.1B
$1.04M 0.2%
+31,297
New +$1,000K
RLJ icon
23
RLJ Lodging Trust
RLJ
$1.87B
$976K 0.19%
99,653
+62,848
+171% +$627K
BXP icon
24
Boston Properties
BXP
$10.8B
$936K 0.18%
15,732
+1,763
+13% +$113K
BDJ icon
25
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.72B
$915K 0.18%
120,247
+91,043
+312% +$728K
1
2 3 4 5

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Elequin Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Elequin Capital held 670 positions worth $515M, up 163% from $196M the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Elequin Capital withdrew a net $60.4M in Q3 2023, closing 273 positions and reducing 103 holdings. Its most notable exit was Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock, an estimated $14.5M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 7.7% of assets, down from 17% a quarter earlier, followed by Financials and Energy.

Against the trend, Elequin Capital opened a new position in VICI Properties worth $2.11M.

  • Elequin Capital's largest Q3 2023 buy was VICI Properties: 72,550 shares worth $2.11M.
  • Elequin Capital added most to Royal Bank of Canada in Q3 2023, an estimated $4.73M increase.
  • Elequin Capital's biggest Q3 2023 reduction was State Street SPDR Bloomberg Convertible Securities ETF, cutting an estimated $4.46M.
  • Elequin Capital fully exited Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock in Q3 2023, selling an estimated $14.5M.
  • Elequin Capital's ten largest holdings make up 85% of its $515M portfolio in Q3 2023.
  • Elequin Capital opened 139 new positions and closed 273 in Q3 2023.
  • Elequin Capital's portfolio value rose 163% quarter-over-quarter to $515M.

Based on Elequin Capital's 13F filing for Q3 2023, filed 14 Nov 2023.