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Equitec Specialists Portfolio holdings
AUM
$708K
Turnover
98.64%
1-Year Est. Return
25.27%
This Fund
S&P 500
This Quarter
Est. Return
+11.07%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$453M
AUM Growth
-$481M
(-52%)
Cap. Flow
-$349M
Cap. Flow
% of AUM
-77.03%
Top 10 Holdings %
Top 10 Hldgs %
71.16%
Holding
103
New
26
Increased
18
Reduced
16
Closed
23
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy, Inc.
NEE.PRQ
|
+$201M |
| 2 |
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
|
+$13.7M |
| 3 |
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
|
+$12.8M |
| 4 |
WPXP
WPX Energy, Inc.
WPXP
|
+$3.81M |
| 5 |
SJIU
South Jersey Industries, Inc.
SJIU
|
+$2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 97.36% |
| 2 | Consumer Discretionary | 1.18% |
| 3 | Industrials | 0.77% |
| 4 | Real Estate | 0.31% |
| 5 | Technology | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
TWNKW
26
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $1.08M | 0.24% |
1,015,998
-329,345
| -24% | -$529K |
2016 Q4
7 quarters
|
|
27
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$105M
| $1.07M | 0.24% |
29,871
+23,089
| +340% | +$823K |
2016 Q4
7 quarters
|
|
28
Babcock & Wilcox
BW
$711M
| $992K | 0.22% |
96,304
+43,088
| +81% | +$715K |
2018 Q2
1 quarter
|
|
|
FTR
29
CALL
DELISTED
Frontier Communications Corp.
FTR
| $894K | 0.2% |
137,700
-16,600
| -11% | -$90.7K |
2016 Q4
7 quarters
|
|
30
DELISTED
Lindblad Expeditions Holdings Inc. Warrant
LINDW
| $810K | 0.18% |
+197,611
| New | +$695K |
2018 Q3
0 quarters
|
|
31
Tesla
TSLA
$1.42T
| $768K | 0.17% |
+43,500
| New | +$906K |
2018 Q3
0 quarters
|
|
32
PUT
Teva Pharmaceutical Industries Limited
TEVA
$48.1B
| $704K | 0.16% |
32,700
| – | – |
2017 Q3
4 quarters
|
|
|
AABA
33
PUT
DELISTED
Altaba Inc
AABA
| $688K | 0.15% |
10,100
-13,200
| -57% | -$930K |
2018 Q2
1 quarter
|
|
34
PUT
Micron Technology
MU
$1.03T
| $678K | 0.15% |
15,000
-5,000
| -25% | -$252K |
2017 Q4
3 quarters
|
|
35
PUT
American International
AIG
$41.6B
| $666K | 0.15% |
12,500
-10,100
| -45% | -$542K |
2017 Q3
4 quarters
|
|
36
Apple
AAPL
$5T
| $655K | 0.14% |
11,600
-400
| -3% | -$20.8K |
2018 Q1
2 quarters
|
|
37
PUT
Rayonier Advanced Materials
RYAM
$478M
| $617K | 0.14% |
+33,500
| New | +$658K |
2018 Q3
0 quarters
|
|
38
CALL
Black Hills Corp
BKH
$5.81B
| $610K | 0.13% |
10,500
-4,200
| -29% | -$252K |
2017 Q4
3 quarters
|
|
39
CALL
New York Times
NYT
$11.2B
| $551K | 0.12% |
23,800
| – | – |
2018 Q1
2 quarters
|
|
40
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
| $522K | 0.12% |
15,039
+614
| +4% | +$21.5K |
2018 Q2
1 quarter
|
|
41
DELISTED
FGL Holdings Warrants exercisable for one Ordinary Share at a price of $11.50 per share
FG.WS
| $495K | 0.11% |
+251,123
| New | +$409K |
2018 Q3
0 quarters
|
|
|
42
Sempra
SRE
$53.6B
| $439K | 0.1% |
+7,710
| New | +$446K |
2018 Q3
0 quarters
|
|
|
TWNK
43
CALL
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $391K | 0.09% |
35,300
-18,500
| -34% | -$236K |
2017 Q2
5 quarters
|
|
44
Neighborhood Intelligence Inc
NXH
$190M
| $332K | 0.07% |
15,972
-12,911
| -45% | -$318K |
2018 Q1
2 quarters
|
|
|
45
CALL
Tesla
TSLA
$1.42T
| $265K | 0.06% |
+15,000
| New | +$312K |
2018 Q3
0 quarters
|
|
|
MOSC.U
46
DELISTED
Mosaic Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-third o
MOSC.U
| $252K | 0.06% |
24,800
| – | – |
2017 Q4
3 quarters
|
|
47
CALL
Iridium Communications
IRDM
$4.72B
| $248K | 0.05% |
11,000
-5,100
| -32% | -$99.1K |
2018 Q2
1 quarter
|
|
|
BRMK
48
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $246K | 0.05% |
+25,000
| New | +$245K |
2018 Q3
0 quarters
|
|
49
DELISTED
Potbelly
PBPB
| $243K | 0.05% |
+19,753
| New | +$256K |
2018 Q3
0 quarters
|
|
|
QTS.PRB
50
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
| $242K | 0.05% |
+2,293
| New | +$246K |
2018 Q3
0 quarters
|
|
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HCMT
Equitec Specialists's Q3 2018 Portfolio in Review
As of Q3 2018, Equitec Specialists held 103 positions worth $453M, down 52% from $934M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Equitec Specialists withdrew a net $349M in Q3 2018, closing 23 positions and reducing 16 holdings. Its most notable exit was NextEra Energy, Inc., an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, down from 99% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Equitec Specialists opened a new position in Amazon worth $4.01M.
- Equitec Specialists's largest Q3 2018 buy was Amazon: 40,000 shares worth $4.01M.
- Equitec Specialists added most to Iridium Communications Inc - 6.75% Series B in Q3 2018, an estimated $55.4M increase.
- Equitec Specialists's biggest Q3 2018 reduction was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $13.7M.
- Equitec Specialists fully exited NextEra Energy, Inc. in Q3 2018, selling an estimated $201M.
- Equitec Specialists's ten largest holdings make up 71% of its $453M portfolio in Q3 2018.
- Equitec Specialists opened 26 new positions and closed 23 in Q3 2018.
- Equitec Specialists's portfolio value fell 52% quarter-over-quarter to $453M.
Based on Equitec Specialists's 13F filing for Q3 2018, filed 15 Oct 2018.