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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
+8.89%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$419M
AUM Growth
+$74.8M
Cap. Flow
-$53.7M
Cap. Flow %
-12.81%
Top 10 Hldgs %
70.62%
Holding
147
New
40
Increased
24
Reduced
24
Closed
33
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
0.6 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
0.6 years

Top Buys

Rank Stock Value
1
TMUSP icon
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
+$51.1M
2
BKHU
Black Hills Corporation
BKHU
+$6.76M
3
WPXP
WPX Energy, Inc.
WPXP
+$6.16M
4
FTRPR
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
+$3.19M
5
EVHC.PR
Envision Healthcare Corporation
EVHC.PR
+$2.85M

Top Sells

Rank Stock Value
1
SWH
Stanley Black & Decker, Inc.
SWH
+$12.5M
2
JPM.WS icon
JPMorgan Chase
JPM.WS
+$9.95M
3
IRDMB icon
Iridium Communications Inc - 6.75% Series B
IRDMB
+$8.68M
4
FCAM
Fiat Chrysler Automobiles N.V.
FCAM
+$8.01M
5
AMSGP
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
+$6.7M

Sector Composition

Rank Sector Weight
1 Miscellaneous 89.95%
2 Financials 9.61%
3 Communication Services 0.32%
4 Healthcare 0.08%
5 Technology 0.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
CCI icon
101
CALL
Crown Castle
CCI
$33.8B
– –
-20,200
Closed -$1.9M –
CCI icon
102
PUT
Crown Castle
CCI
$33.8B
– –
-34,300
Closed -$3.23M –
ECPG icon
103
CALL
Encore Capital Group
ECPG
$2.14B
– –
-2,000
Closed -$45K –
FOR icon
104
CALL
Forestar Group
FOR
$1.26B
– –
-14,500
Closed -$170K –
GFF icon
105
PUT
Griffon
GFF
$4.17B
– –
-2,500
Closed -$43K –
GLNG icon
106
Golar LNG
GLNG
$4.7B
– –
-700
Closed -$16.3K –
HES icon
107
CALL
DELISTED
Hess
HES
– –
-5,000
Closed -$268K –
KMI icon
108
PUT
Kinder Morgan
KMI
$74.3B
– –
-3,600
Closed -$83K –
MNKD icon
109
MannKind Corp
MNKD
$971M
$0 ﹤0.01%
20
– –
2016 Q2
2 quarters
PCRX icon
110
PUT
Pacira BioSciences
PCRX
$1.45B
– –
-1,000
Closed -$34K –
SAFE icon
111
PUT
Safehold
SAFE
$818M
– –
-616
Closed -$32K –
SPY icon
112
State Street SPDR S&P 500 ETF Trust
SPY
$813B
– –
-100
Closed -$22K –
SWK icon
113
CALL
Stanley Black & Decker
SWK
$13.6B
– –
-3,600
Closed -$443K –
WELL icon
114
PUT
Welltower
WELL
$167B
– –
-5,000
Closed -$374K –
KAMN icon
115
PUT
DELISTED
Kaman Corp
KAMN
– –
-500
Closed -$22K –
AGN
116
CALL
DELISTED
Allergan plc
AGN
– –
-1,700
Closed -$392K –
NEE.PRR icon
117
DELISTED
NextEra Energy, Inc.
NEE.PRR
– –
-9,900
Closed -$493K –
DCUD
118
DELISTED
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
– –
-30,600
Closed -$1.53M –
WFC.WS icon
119
DELISTED
Wells Fargo & Company Ws
WFC.WS
– –
-6,887
Closed -$86K –
GXP
120
DELISTED
Great Plains Energy Incorporated
GXP
– –
-23,750
Closed -$648K –
CLDCW
121
DELISTED
China Lending Corporation Warrant
CLDCW
– –
-62,979
Closed -$13K –
FCAM
122
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
– –
-125,000
Closed -$8.01M –
AMSGP
123
DELISTED
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
– –
-52,802
Closed -$6.7M –
AMSG
124
PUT
DELISTED
Amsurg Corp
AMSG
– –
-500
Closed -$34K –
SWH
125
DELISTED
Stanley Black & Decker, Inc.
SWH
– –
-98,588
Closed -$12.5M –
2 3 4
5
6

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YECIP
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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 Q4 2016 Portfolio in Review

As of Q4 2016, Equitec Specialists held 147 positions worth $419M, up 22% from $344M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Equitec Specialists withdrew a net $53.7M in Q4 2016, closing 33 positions and reducing 24 holdings. Its most notable exit was Stanley Black & Decker, Inc., an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 90% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Equitec Specialists opened a new position in Envision Healthcare Corporation worth $2.7M.

  • Equitec Specialists's largest Q4 2016 buy was Envision Healthcare Corporation: 22,650 shares worth $2.7M.
  • Equitec Specialists added most to T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q4 2016, an estimated $51.1M increase.
  • Equitec Specialists's biggest Q4 2016 reduction was JPMorgan Chase, cutting an estimated $9.95M.
  • Equitec Specialists fully exited Stanley Black & Decker, Inc. in Q4 2016, selling an estimated $12.5M.
  • Equitec Specialists's ten largest holdings make up 71% of its $419M portfolio in Q4 2016.
  • Equitec Specialists opened 40 new positions and closed 33 in Q4 2016.
  • Equitec Specialists's portfolio value rose 22% quarter-over-quarter to $419M.

Based on Equitec Specialists's 13F filing for Q4 2016, filed 24 Jan 2017.