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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
-3.4%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$232M
AUM Growth
-$154M
Cap. Flow
-$193M
Cap. Flow %
-83.1%
Top 10 Hldgs %
66.99%
Holding
135
New
43
Increased
18
Reduced
25
Closed
17
Avg Time Held Equity + Options
0.3 years
Top 10 Avg Time Held Equity + Options
0.3 years
Top 20 Avg Time Held Equity + Options
0.3 years
Avg Time Held Equity only
0.3 years
Top 10 Avg Time Held Equity only
0.3 years
Top 20 Avg Time Held Equity only
0.3 years

Top Buys

Rank Stock Value
1
DCUA
DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA)
DCUA
+$18.7M
2
TMUSP icon
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
+$14.2M
3
FTRPR
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
+$7.64M
4
WELL.PRI icon
Welltower Inc.
WELL.PRI
+$4.44M
5
WPXP
WPX Energy, Inc.
WPXP
+$1.85M

Top Sells

Rank Stock Value
1
NEE.PRO icon
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
+$71.4M
2
UTX.PRA
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
+$39.4M
3
OCR.PRB
OMNICARE CAP TR II SER B 4% TR PFD INCM EQTY REDM SEC PIERS
OCR.PRB
+$17.2M
4
IRDMB icon
Iridium Communications Inc - 6.75% Series B
IRDMB
+$2.98M
5
RPT.PRD icon
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
+$2.59M

Sector Composition

Rank Sector Weight
1 Miscellaneous 98.43%
2 Healthcare 0.35%
3 Consumer Discretionary 0.34%
4 Energy 0.27%
5 Financials 0.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NEE icon
101
CALL
NextEra Energy
NEE
$163B
– –
-78,400
Closed -$1.92M –
NEE icon
102
PUT
NextEra Energy
NEE
$163B
– –
-42,400
Closed -$1.04M –
RTX icon
103
PUT
RTX Corp
RTX
$251B
– –
-23,835
Closed -$1.66M –
TSEM icon
104
Tower Semiconductor
TSEM
$23.6B
– –
-19,000
Closed -$256K –
ENT
105
CALL
DELISTED
Global Eagle Entertainment Inc.
ENT
– –
-20
Closed -$7K –
ALR
106
DELISTED
Alere Inc
ALR
– –
-1,500
Closed -$79K –
TSNU
107
DELISTED
Tyson Foods, Inc.
TSNU
– –
-2,770
Closed -$143K –
OCR.PRB
108
DELISTED
OMNICARE CAP TR II SER B 4% TR PFD INCM EQTY REDM SEC PIERS
OCR.PRB
– –
-148,644
Closed -$17.2M –
NEE.PRO icon
109
DELISTED
NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL)
NEE.PRO
– –
-1,156,450
Closed -$71.4M –
UTX.PRA
110
DELISTED
UNITED TECHNOLOGIES CORP CORP UNIT (DE)
UTX.PRA
– –
-688,274
Closed -$39.4M –
BZT
111
DELISTED
BEAZER HOMES USA, INC. TANGIBLE EQUITY UNIT
BZT
– –
-2,423
Closed -$69K –
KMI.WS icon
112
DELISTED
Kinder Morgan Inc
KMI.WS
– –
-220,106
Closed -$594K –
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 2015 Portfolio in Review

As of Q3 2015, Equitec Specialists held 135 positions worth $232M, down 40% from $386M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Equitec Specialists withdrew a net $193M in Q3 2015, closing 17 positions and reducing 25 holdings. Its most notable exit was NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL), an estimated $71.4M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 98% of assets, down from 99% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Equitec Specialists opened a new position in DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA) worth $18.6M.

  • Equitec Specialists's largest Q3 2015 buy was DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA): 335,520 shares worth $18.6M.
  • Equitec Specialists added most to T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q3 2015, an estimated $14.2M increase.
  • Equitec Specialists's biggest Q3 2015 reduction was Iridium Communications Inc - 6.75% Series B, cutting an estimated $2.98M.
  • Equitec Specialists fully exited NEXTERA ENERGY INC UNITS EXPIRING 09/01/2015 (FL) in Q3 2015, selling an estimated $71.4M.
  • Equitec Specialists's ten largest holdings make up 67% of its $232M portfolio in Q3 2015.
  • Equitec Specialists opened 43 new positions and closed 17 in Q3 2015.
  • Equitec Specialists's portfolio value fell 40% quarter-over-quarter to $232M.

Based on Equitec Specialists's 13F filing for Q3 2015, filed 28 Oct 2015.