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
+1.6%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$650M
AUM Growth
+$8.41M
Cap. Flow
-$176M
Cap. Flow %
-27.02%
Top 10 Hldgs %
67.88%
Holding
129
New
22
Increased
24
Reduced
20
Closed
29
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.5 years
Avg Time Held Equity only
0.6 years
Top 10 Avg Time Held Equity only
0.4 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$54M
2
AMT.PRB icon
American Tower Corporation
AMT.PRB
+$24.1M
3
NEE.PRQ icon
NextEra Energy, Inc.
NEE.PRQ
+$14.3M
4
AGN.PRA
Allergan plc
AGN.PRA
+$13.4M
5
CCI.PRA icon
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$11.6M

Top Sells

Rank Stock Value
1
DCUC
Dominion Energy, Inc.
DCUC
+$37.5M
2
WELL.PRI icon
Welltower Inc.
WELL.PRI
+$8.05M
3
RPT.PRD icon
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
+$5.1M
4
EPR.PRE icon
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
+$1.96M
5
WPXP
WPX Energy, Inc.
WPXP
+$1.39M

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.45%
2 Industrials 0.35%
3 Energy 0.11%
4 Healthcare 0.07%
5 Consumer Discretionary 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AMT icon
26
CALL
American Tower
AMT
$83.6B
$765K 0.12%
+5,600
New +$780K
2017 Q3
0 quarters
HES icon
27
DELISTED
Hess
HES
$700K 0.11%
+14,934
New +$632K
2017 Q3
0 quarters
AIG.WS icon
28
DELISTED
American International Group, Inc.
AIG.WS
$645K 0.1%
32,240
-32,922
-51% -$669K
2017 Q2
1 quarter
TEVA icon
29
CALL
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
$623K 0.1%
35,400
+18,600
+111% +$419K
2016 Q4
3 quarters
CISN.WS
30
DELISTED
Cision Ltd. Warrants, each to purchase one Ordinary Share
CISN.WS
$613K 0.09%
+207,934
New +$499K
2017 Q3
0 quarters
AFSI
31
CALL
DELISTED
AmTrust Financial Services, Inc.
AFSI
$470K 0.07%
34,900
-2,200
-6% -$31K
2017 Q2
1 quarter
ZIONW
32
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
$460K 0.07%
30,272
-21,378
-41% -$277K
2017 Q1
2 quarters
FTRPR
33
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
$440K 0.07%
22,861
+22,168
+3,199% +$523K
2015 Q2
9 quarters
WPXP
34
DELISTED
WPX Energy, Inc.
WPXP
$435K 0.07%
8,154
-28,592
-78% -$1.39M
2015 Q3
8 quarters
MNKD icon
35
CALL
MannKind Corp
MNKD
$971M
$426K 0.07%
196,300
-23,100
-11% -$36.2K
2014 Q4
11 quarters
IRDMB icon
36
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
$412K 0.06%
+1,143
New +$413K
2017 Q3
0 quarters
TACOW icon
37
DELISTED
Del Taco Restaurants, Inc. Warrants
TACOW
$363K 0.06%
69,863
+69,227
+10,885% +$275K
2017 Q2
1 quarter
FTR
38
CALL
DELISTED
Frontier Communications Corp.
FTR
$348K 0.05%
29,500
+25,487
+635% +$358K
2016 Q4
3 quarters
KND
39
CALL
DELISTED
Kindred Healthcare
KND
$330K 0.05%
48,500
-43,300
-47% -$369K
2016 Q2
5 quarters
IONS icon
40
PUT
Ionis Pharmaceuticals
IONS
$7.1B
$324K 0.05%
6,400
+1,400
+28% +$73.3K
2016 Q2
5 quarters
XPO icon
41
PUT
XPO
XPO
$21.7B
$291K 0.04%
12,433
– –
2016 Q4
3 quarters
BDX icon
42
Becton Dickinson
BDX
$51.5B
$288K 0.04%
+1,507
New +$292K
2017 Q3
0 quarters
AFSI
43
PUT
DELISTED
AmTrust Financial Services, Inc.
AFSI
$269K 0.04%
20,000
-44,200
-69% -$623K
2016 Q4
3 quarters
TWNK
44
CALL
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
$249K 0.04%
18,200
– –
2017 Q2
1 quarter
RYAM icon
45
CALL
Rayonier Advanced Materials
RYAM
$477M
$245K 0.04%
17,900
+14,600
+442% +$208K
2017 Q2
1 quarter
AIG icon
46
PUT
American International
AIG
$40.5B
$227K 0.03%
+3,700
New +$231K
2017 Q3
0 quarters
GM icon
47
PUT
General Motors
GM
$72.9B
$202K 0.03%
+5,000
New +$183K
2017 Q3
0 quarters
TSEM icon
48
CALL
Tower Semiconductor
TSEM
$23.6B
$200K 0.03%
6,500
-3,500
-35% -$95.4K
2017 Q1
2 quarters
MU icon
49
CALL
Micron Technology
MU
$1.03T
$197K 0.03%
+5,000
New +$158K
2017 Q3
0 quarters
DYN icon
50
CALL
DELISTED
Dynegy, Inc.
DYN
$147K 0.02%
15,000
– –
2016 Q4
3 quarters
1
2
3 4 5

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SA
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FRGX
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KA
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TG
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HCMT
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Equitec Specialists's Q3 2017 Portfolio in Review

As of Q3 2017, Equitec Specialists held 129 positions worth $650M, up 1.3% from $641M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Equitec Specialists withdrew a net $176M in Q3 2017, closing 29 positions and reducing 20 holdings. Its most notable exit was Dominion Energy, Inc., an estimated $37.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 100% a quarter earlier, followed by Industrials and Energy.

Against the trend, Equitec Specialists opened a new position in American Tower Corporation worth $23.7M.

  • Equitec Specialists's largest Q3 2017 buy was American Tower Corporation: 194,390 shares worth $23.7M.
  • Equitec Specialists added most to Arconic Inc. in Q3 2017, an estimated $54M increase.
  • Equitec Specialists's biggest Q3 2017 reduction was Welltower Inc., cutting an estimated $8.05M.
  • Equitec Specialists fully exited Dominion Energy, Inc. in Q3 2017, selling an estimated $37.5M.
  • Equitec Specialists's ten largest holdings make up 68% of its $650M portfolio in Q3 2017.
  • Equitec Specialists opened 22 new positions and closed 29 in Q3 2017.
  • Equitec Specialists's portfolio value rose 1.3% quarter-over-quarter to $650M.

Based on Equitec Specialists's 13F filing for Q3 2017, filed 23 Oct 2017.