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Equitec Specialists Portfolio holdings

AUM $708K
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

Top Buys

Rank Stock Value
1
DCUA
DOMINION RESOURCES INC. CORP UNIT 2013 SER A (VA)
DCUA
+$18.7M
2
TMUSP
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
Welltower Inc.
WELL.PRI
+$4.44M
5
WPXP
WPX Energy, Inc.
WPXP
+$1.85M

Top Sells

Rank Stock Value
1
NEE.PRO
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
Iridium Communications Inc - 6.75% Series B
IRDMB
+$2.98M
5
RPT.PRD
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
NEE icon
101
CALL
NextEra Energy
NEE
$171B
– –
-78,400
Closed -$1.92M
NEE icon
102
PUT
NextEra Energy
NEE
$171B
– –
-42,400
Closed -$1.04M
RTX icon
103
PUT
RTX Corp
RTX
$285B
– –
-23,835
Closed -$1.66M
TSEM icon
104
Tower Semiconductor
TSEM
$23.5B
– –
-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
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
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
First Reserve GP XII Stamford, Connecticut $3.16M AUM 24.66% 1-Year Est. Return
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.