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
+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
(+22%)
Cap. Flow
-$53.7M
Cap. Flow
% of AUM
-12.81%
Top 10 Holdings %
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 |
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 |
JPMorgan Chase
JPM.WS
|
+$9.95M |
| 3 |
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 | |
|---|---|---|---|---|---|---|---|
|
CPHD
126
PUT
DELISTED
Cepheid Inc
CPHD
| – | – |
-4,500
| Closed | -$237K | – |
|
|
GRSHW
127
DELISTED
Gores Holdings, Inc. Warrants
GRSHW
| – | – |
-49,177
| Closed | -$59K | – |
|
128
DELISTED
Crown Castle International Corp.
CCI.PRA
| – | – |
-39,127
| Closed | -$4.42M | – |
|
|
VLYWW
129
DELISTED
Valley National Bancorp Warrants (expiring November 14, 2018)
VLYWW
| – | – |
-37,670
| Closed | -$2K | – |
|
|
RXII
130
CALL
DELISTED
GALENA BIOPHARMA INC COM
RXII
| – | – |
-368,500
| Closed | -$129K | – |
|
|
RXII
131
PUT
DELISTED
GALENA BIOPHARMA INC COM
RXII
| – | – |
-45,600
| Closed | -$16K | – |
|
|
WLL
132
CALL
DELISTED
Whiting Petroleum Corporation
WLL
| – | – |
-76
| Closed | -$199K | – |
|
|
WLH
133
CALL
DELISTED
WILLIAM LYON HOMES
WLH
| – | – |
-5,000
| Closed | -$93K | – |
|
|
HK
134
DELISTED
Halcon Resources Corporation
HK
| $0 | ﹤0.01% |
+16
| New | +$151 |
2016 Q4
0 quarters
|
|
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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.