Equitec Specialists Portfolio holdings

Equitec Specialists's Q1 2017 Portfolio in Review

As of Q1 2017, Equitec Specialists held 131 positions worth $453M, up 8% from $419M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Equitec Specialists withdrew a net $55.8M in Q1 2017, closing 61 positions and reducing 25 holdings. Its most notable exit was Vistra Energy Corp., an estimated $3.69M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 9.6% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.

Against the trend, Equitec Specialists opened a new position in American Tower Corporation worth $11.6M.

• Equitec Specialists's largest Q1 2017 buy was American Tower Corporation: 101,327 shares worth $11.6M.
• Equitec Specialists added most to T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q1 2017, an estimated $29.4M increase.
• Equitec Specialists's biggest Q1 2017 reduction was RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest, cutting an estimated $13.6M.
• Equitec Specialists fully exited Vistra Energy Corp. in Q1 2017, selling an estimated $3.69M.
• Equitec Specialists's ten largest holdings make up 82% of its $453M portfolio in Q1 2017.
• Equitec Specialists opened 19 new positions and closed 61 in Q1 2017.
• Equitec Specialists's portfolio value rose 8% quarter-over-quarter to $453M.

Based on Equitec Specialists's 13F filing for Q1 2017, filed 25 Apr 2017.