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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
+4.32%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$344M
AUM Growth
-$190M
(-36%)
Cap. Flow
-$259M
Cap. Flow
% of AUM
-75.16%
Top 10 Holdings %
Top 10 Hldgs %
62.7%
Holding
132
New
36
Increased
25
Reduced
19
Closed
28
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
0.5
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
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWH
Stanley Black & Decker, Inc.
SWH
|
+$12.3M |
| 2 |
Welltower Inc.
WELL.PRI
|
+$9.87M |
| 3 |
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
|
+$8M |
| 4 |
JPMorgan Chase
JPM.WS
|
+$6.77M |
| 5 |
AMSGP
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
|
+$6.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
|
+$170M |
| 2 |
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
|
+$53.4M |
| 3 |
Crown Castle International Corp.
CCI.PRA
|
+$35.4M |
| 4 |
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
|
+$9.63M |
| 5 |
BKHU
Black Hills Corporation
BKHU
|
+$5.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.93% |
| 2 | Financials | 7.87% |
| 3 | Healthcare | 1.98% |
| 4 | Utilities | 0.19% |
| 5 | Energy | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
CALL
Forestar Group
FOR
$1.26B
| $170K | 0.05% |
14,500
| – | – |
2016 Q2
1 quarter
|
|
52
PUT
Ionis Pharmaceuticals
IONS
$7.1B
| $161K | 0.05% |
4,400
+3,400
| +340% | +$106K |
2016 Q2
1 quarter
|
|
|
53
CALL
Rayonier Advanced Materials
RYAM
$477M
| $155K | 0.05% |
+11,600
| New | +$150K |
2016 Q3
0 quarters
|
|
54
Wells Fargo
WFC
$243B
| $146K | 0.04% |
+3,303
| New | +$158K |
2016 Q3
0 quarters
|
|
55
PUT
DELISTED
Southwestern Energy Company
SWN
| $138K | 0.04% |
10,000
| – | – |
2015 Q4
3 quarters
|
|
56
Xencor
XNCR
$1.74B
| $134K | 0.04% |
5,489
| – | – |
2014 Q4
7 quarters
|
|
|
RXII
57
CALL
DELISTED
GALENA BIOPHARMA INC COM
RXII
| $129K | 0.04% |
368,500
+53,600
| +17% | +$18.8K |
2015 Q2
5 quarters
|
|
|
XLNX
58
PUT
DELISTED
Xilinx Inc
XLNX
| $125K | 0.04% |
+2,300
| New | +$118K |
2016 Q3
0 quarters
|
|
59
CALL
Black Hills Corp
BKH
$5.83B
| $116K | 0.03% |
+1,900
| New | +$116K |
2016 Q3
0 quarters
|
|
60
PUT
MannKind Corp
MNKD
$971M
| $116K | 0.03% |
37,520
-160
| -0.4% | -$707 |
2014 Q4
7 quarters
|
|
61
Kearny Financial
KRNY
$565M
| $111K | 0.03% |
8,139
-4,400
| -35% | -$58.8K |
2015 Q2
5 quarters
|
|
|
WLH
62
CALL
DELISTED
WILLIAM LYON HOMES
WLH
| $93K | 0.03% |
5,000
+2,500
| +100% | +$42.5K |
2016 Q1
2 quarters
|
|
|
63
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $86K | 0.03% |
+6,887
| New | +$99.8K |
2016 Q3
0 quarters
|
|
64
PUT
Kinder Morgan
KMI
$74.3B
| $83K | 0.02% |
3,600
-3,500
| -49% | -$74.2K |
2015 Q4
3 quarters
|
|
|
AFSI
65
CALL
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $80K | 0.02% |
+3,000
| New | +$77K |
2016 Q3
0 quarters
|
|
|
WCFB
66
DELISTED
WCF Bancorp, Inc. Common Stock
WCFB
| $69K | 0.02% |
+9,863
| New | +$71K |
2016 Q3
0 quarters
|
|
|
HCAP
67
DELISTED
Harvest Capital Credit Corporation
HCAP
| $66K | 0.02% |
5,458
| – | – |
2016 Q1
2 quarters
|
|
|
GRSHW
68
DELISTED
Gores Holdings, Inc. Warrants
GRSHW
| $59K | 0.02% |
+49,177
| New | +$49.9K |
2016 Q3
0 quarters
|
|
|
JONE
69
DELISTED
Jones Energy, Inc.
JONE
| $51K | 0.01% |
+774
| New | +$47.8K |
2016 Q3
0 quarters
|
|
70
CALL
Encore Capital Group
ECPG
$2.14B
| $45K | 0.01% |
2,000
-2,500
| -56% | -$56.4K |
2015 Q4
3 quarters
|
|
71
PUT
Griffon
GFF
$4.17B
| $43K | 0.01% |
+2,500
| New | +$42.6K |
2016 Q3
0 quarters
|
|
72
PUT
Tesla
TSLA
$1.45T
| $41K | 0.01% |
3,000
| – | – |
2015 Q2
5 quarters
|
|
|
JONE
73
CALL
DELISTED
Jones Energy, Inc.
JONE
| $36K | 0.01% |
+544
| New | +$33.6K |
2016 Q3
0 quarters
|
|
74
PUT
Pacira BioSciences
PCRX
$1.45B
| $34K | 0.01% |
+1,000
| New | +$39.2K |
2016 Q3
0 quarters
|
|
|
AMSG
75
PUT
DELISTED
Amsurg Corp
AMSG
| $34K | 0.01% |
+500
| New | +$34.9K |
2016 Q3
0 quarters
|
|
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Equitec Specialists's Q3 2016 Portfolio in Review
As of Q3 2016, Equitec Specialists held 132 positions worth $344M, down 36% from $535M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Equitec Specialists withdrew a net $259M in Q3 2016, closing 28 positions and reducing 19 holdings. Its most notable exit was NEXTERA ENERGY INC EQUITY UNIT, an estimated $170M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 96% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Equitec Specialists opened a new position in Stanley Black & Decker, Inc. worth $12.5M.
- Equitec Specialists's largest Q3 2016 buy was Stanley Black & Decker, Inc.: 98,588 shares worth $12.5M.
- Equitec Specialists added most to Welltower Inc. in Q3 2016, an estimated $9.87M increase.
- Equitec Specialists's biggest Q3 2016 reduction was Crown Castle International Corp., cutting an estimated $35.4M.
- Equitec Specialists fully exited NEXTERA ENERGY INC EQUITY UNIT in Q3 2016, selling an estimated $170M.
- Equitec Specialists's ten largest holdings make up 63% of its $344M portfolio in Q3 2016.
- Equitec Specialists opened 36 new positions and closed 28 in Q3 2016.
- Equitec Specialists's portfolio value fell 36% quarter-over-quarter to $344M.
Based on Equitec Specialists's 13F filing for Q3 2016, filed 24 Oct 2016.