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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 | |
|---|---|---|---|---|---|---|---|
76
PUT
Safehold
SAFE
$818M
| $32K | 0.01% |
616
-370
| -38% | -$18.9K |
2016 Q2
1 quarter
|
|
|
MDCO
77
PUT
DELISTED
Medicines Co
MDCO
| $23K | 0.01% |
600
| – | – |
2016 Q1
2 quarters
|
|
78
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $22K | 0.01% |
+100
| New | +$21.6K |
2016 Q3
0 quarters
|
|
79
PUT
DELISTED
Kaman Corp
KAMN
| $22K | 0.01% |
+500
| New | +$21.9K |
2016 Q3
0 quarters
|
|
80
CALL
Cemex
CX
$13.7B
| $21K | 0.01% |
2,808
| – | – |
2016 Q1
2 quarters
|
|
|
HZNP
81
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $20K | 0.01% |
1,100
| – | – |
2016 Q2
1 quarter
|
|
|
NXEOW
82
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
| $16K | ﹤0.01% |
25,000
| – | – |
2016 Q2
1 quarter
|
|
|
RXII
83
PUT
DELISTED
GALENA BIOPHARMA INC COM
RXII
| $16K | ﹤0.01% |
45,600
-74,700
| -62% | -$26.2K |
2016 Q1
2 quarters
|
|
84
Golar LNG
GLNG
$4.7B
| $15K | ﹤0.01% |
700
| – | – |
2016 Q1
2 quarters
|
|
|
CLDCW
85
DELISTED
China Lending Corporation Warrant
CLDCW
| $13K | ﹤0.01% |
+62,979
| New | +$12.9K |
2016 Q3
0 quarters
|
|
86
DELISTED
Kinder Morgan Inc
KMI.WS
| $12K | ﹤0.01% |
767,292
-306,002
| -29% | -$6.82K |
2015 Q4
3 quarters
|
|
|
87
CALL
Golar LNG
GLNG
$4.7B
| $11K | ﹤0.01% |
500
-1,000
| -67% | -$19.1K |
2014 Q4
7 quarters
|
|
88
PUT
JetBlue
JBLU
$1.14B
| $9K | ﹤0.01% |
500
| – | – |
2015 Q1
6 quarters
|
|
89
DELISTED
Hennessy Capital Acquisition Corp. II
HCACW
| $8K | ﹤0.01% |
20,800
| – | – |
2016 Q2
1 quarter
|
|
|
90
JPMorgan Chase
JPM
$890B
| $7K | ﹤0.01% |
+100
| New | +$6.52K |
2016 Q3
0 quarters
|
|
91
DELISTED
Immunogen Inc
IMGN
| $5K | ﹤0.01% |
+2,000
| New | +$5.82K |
2016 Q3
0 quarters
|
|
|
92
Cemex
CX
$13.7B
| $2K | ﹤0.01% |
324
| – | – |
2015 Q2
5 quarters
|
|
|
VLYWW
93
DELISTED
Valley National Bancorp Warrants (expiring November 14, 2018)
VLYWW
| $2K | ﹤0.01% |
37,670
-77,072
| -67% | -$5.76K |
2014 Q4
7 quarters
|
|
94
Bunge Global
BG
$20.9B
| – | – |
-158
| Closed | -$9K | – |
|
95
BGC Group
BGC
$5.37B
| – | – |
-29,856
| Closed | -$167K | – |
|
|
96
PUT
BGC Group
BGC
$5.37B
| – | – |
-29,856
| Closed | -$167K | – |
|
97
CALL
DELISTED
CSG Systems International
CSGS
| – | – |
-3,100
| Closed | -$125K | – |
|
98
PUT
Encore Capital Group
ECPG
$2.14B
| – | – |
-200
| Closed | -$5K | – |
|
99
CALL
Encompass Health
EHC
$12.5B
| – | – |
-2,011
| Closed | -$62K | – |
|
|
100
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
| – | – |
-257,268
| Closed | -$9.63M | – |
|
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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.