ES
Equitec Specialists Portfolio holdings
AUM
$708K
Turnover
98.64%
1-Year Est. Return
25.27%
This Fund
S&P 500
This Quarter
Est. Return
+8.89%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$419M
AUM Growth
+$74.8M
(+22%)
Cap. Flow
-$53.7M
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
Top 10 Hldgs %
70.62%
Holding
147
New
40
Increased
24
Reduced
24
Closed
33
Avg Time Held Equity + Options
0.5
years
Top 10 Avg Time Held Equity + Options
0.5
years
Top 20 Avg Time Held Equity + Options
0.6
years
Avg Time Held Equity only
0.6
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
|
+$51.1M |
| 2 |
BKHU
Black Hills Corporation
BKHU
|
+$6.76M |
| 3 |
WPXP
WPX Energy, Inc.
WPXP
|
+$6.16M |
| 4 |
FTRPR
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
|
+$3.19M |
| 5 |
EVHC.PR
Envision Healthcare Corporation
EVHC.PR
|
+$2.85M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWH
Stanley Black & Decker, Inc.
SWH
|
+$12.5M |
| 2 |
JPMorgan Chase
JPM.WS
|
+$9.95M |
| 3 |
Iridium Communications Inc - 6.75% Series B
IRDMB
|
+$8.68M |
| 4 |
FCAM
Fiat Chrysler Automobiles N.V.
FCAM
|
+$8.01M |
| 5 |
AMSGP
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
|
+$6.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.95% |
| 2 | Financials | 9.61% |
| 3 | Communication Services | 0.32% |
| 4 | Healthcare | 0.08% |
| 5 | Technology | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
DELISTED
American International Group, Inc.
AIG.WS
| $1.24M | 0.3% |
+52,944
| New | +$1.16M |
2016 Q4
0 quarters
|
|
27
PUT
Universal Corp
UVV
$1.01B
| $1.18M | 0.28% |
18,500
-22,800
| -55% | -$1.3M |
2015 Q3
5 quarters
|
|
|
SWNC
28
DELISTED
Southwestern Energy Company
SWNC
| $1.13M | 0.27% |
44,458
-29,612
| -40% | -$810K |
2015 Q1
7 quarters
|
|
|
29
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
| $1.04M | 0.25% |
3,046
-26,477
| -90% | -$8.68M |
2014 Q4
8 quarters
|
|
|
AIMC
30
CALL
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.01M | 0.24% |
+27,300
| New | +$907K |
2016 Q4
0 quarters
|
|
31
CALL
Black Hills Corp
BKH
$5.83B
| $981K | 0.23% |
16,000
+14,100
| +742% | +$842K |
2016 Q3
1 quarter
|
|
32
CALL
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
| $972K | 0.23% |
+26,800
| New | +$1.07M |
2016 Q4
0 quarters
|
|
33
PUT
VeriSign
VRSN
$27.2B
| $867K | 0.21% |
11,400
-5,900
| -34% | -$466K |
2016 Q3
1 quarter
|
|
|
JONE
34
PUT
DELISTED
Jones Energy, Inc.
JONE
| $750K | 0.18% |
8,156
+544
| +7% | +$44K |
2016 Q3
1 quarter
|
|
|
EVHC
35
CALL
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $728K | 0.17% |
+11,500
| New | +$752K |
2016 Q4
0 quarters
|
|
36
CALL
SELLAS Life Sciences
SLS
$2.4B
| $696K | 0.17% |
+239
| New | +$1.39M |
2016 Q4
0 quarters
|
|
|
EVHC
37
PUT
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $696K | 0.17% |
+11,000
| New | +$719K |
2016 Q4
0 quarters
|
|
|
KND
38
CALL
DELISTED
Kindred Healthcare
KND
| $663K | 0.16% |
84,400
-35,000
| -29% | -$287K |
2016 Q2
2 quarters
|
|
39
PUT
Ionis Pharmaceuticals
IONS
$7.1B
| $636K | 0.15% |
13,300
+8,900
| +202% | +$352K |
2016 Q2
2 quarters
|
|
|
AFSI
40
CALL
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $553K | 0.13% |
20,200
+17,200
| +573% | +$458K |
2016 Q3
1 quarter
|
|
41
PUT
Stellantis
STLA
$12.4B
| $503K | 0.12% |
55,320
+24,999
| +82% | +$187K |
2016 Q3
1 quarter
|
|
|
AHP.PRB
42
DELISTED
Ashford Hospitality Prime, Inc.
AHP.PRB
| $470K | 0.11% |
21,682
-5,558
| -20% | -$125K |
2016 Q2
2 quarters
|
|
|
XLNX
43
PUT
DELISTED
Xilinx Inc
XLNX
| $453K | 0.11% |
7,500
+5,200
| +226% | +$279K |
2016 Q3
1 quarter
|
|
|
CCNWW
44
DELISTED
CardConnect Corp. Warrants
CCNWW
| $446K | 0.11% |
+140,295
| New | +$232K |
2016 Q4
0 quarters
|
|
45
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
| $380K | 0.09% |
+10,600
| New | +$380K |
2016 Q4
0 quarters
|
|
46
CALL
XPO
XPO
$21.7B
| $371K | 0.09% |
24,866
-24,866
| -50% | -$346K |
2016 Q1
3 quarters
|
|
|
AGN.PRA
47
DELISTED
Allergan plc
AGN.PRA
| $352K | 0.08% |
462
-5,213
| -92% | -$3.94M |
2015 Q2
6 quarters
|
|
|
TWNKW
48
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $338K | 0.08% |
+192,860
| New | +$332K |
2016 Q4
0 quarters
|
|
49
CALL
Golar LNG
GLNG
$4.7B
| $335K | 0.08% |
14,600
+14,100
| +2,820% | +$328K |
2014 Q4
8 quarters
|
|
50
PUT
DELISTED
Hess
HES
| $311K | 0.07% |
+5,000
| New | +$273K |
2016 Q4
0 quarters
|
|
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FRGX
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DHRFI
HCMT
Equitec Specialists's Q4 2016 Portfolio in Review
As of Q4 2016, Equitec Specialists held 147 positions worth $419M, up 22% from $344M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Equitec Specialists withdrew a net $53.7M in Q4 2016, closing 33 positions and reducing 24 holdings. Its most notable exit was Stanley Black & Decker, Inc., an estimated $12.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 90% a quarter earlier, followed by Financials and Communication Services.
Against the trend, Equitec Specialists opened a new position in Envision Healthcare Corporation worth $2.7M.
- Equitec Specialists's largest Q4 2016 buy was Envision Healthcare Corporation: 22,650 shares worth $2.7M.
- Equitec Specialists added most to T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q4 2016, an estimated $51.1M increase.
- Equitec Specialists's biggest Q4 2016 reduction was JPMorgan Chase, cutting an estimated $9.95M.
- Equitec Specialists fully exited Stanley Black & Decker, Inc. in Q4 2016, selling an estimated $12.5M.
- Equitec Specialists's ten largest holdings make up 71% of its $419M portfolio in Q4 2016.
- Equitec Specialists opened 40 new positions and closed 33 in Q4 2016.
- Equitec Specialists's portfolio value rose 22% quarter-over-quarter to $419M.
Based on Equitec Specialists's 13F filing for Q4 2016, filed 24 Jan 2017.