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
+4.32%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$344M
AUM Growth
-$190M
(-36%)
Cap. Flow
-$259M
Cap. Flow
% of AUM
-75.16%
Top 10 Holdings %
Top 10 Hldgs %
62.7%
Holding
132
New
36
Increased
25
Reduced
19
Closed
28
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
0.5
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
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWH
Stanley Black & Decker, Inc.
SWH
|
+$12.3M |
| 2 |
Welltower Inc.
WELL.PRI
|
+$9.87M |
| 3 |
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
|
+$8M |
| 4 |
JPMorgan Chase
JPM.WS
|
+$6.77M |
| 5 |
AMSGP
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
|
+$6.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NEXTERA ENERGY INC EQUITY UNIT
NEE.PRP
|
+$170M |
| 2 |
WEYERHAEUSER COMP PREF CONV SER A (WA)
WY.PRA
|
+$53.4M |
| 3 |
Crown Castle International Corp.
CCI.PRA
|
+$35.4M |
| 4 |
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
|
+$9.63M |
| 5 |
BKHU
Black Hills Corporation
BKHU
|
+$5.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.93% |
| 2 | Financials | 7.87% |
| 3 | Healthcare | 1.98% |
| 4 | Utilities | 0.19% |
| 5 | Energy | 0.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
| $34.7M | 10.07% |
444,164
+36,064
| +9% | +$2.78M |
2014 Q4
7 quarters
|
|
2
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $31.6M | 9.17% |
460,248
-20,280
| -4% | -$1.42M |
2014 Q4
7 quarters
|
|
3
BRC Group Holdings
RILY
$186M
| $26.7M | 7.76% |
2,020,000
| – | – |
2016 Q2
1 quarter
|
|
|
4
DELISTED
Welltower Inc.
WELL.PRI
| $16.2M | 4.71% |
243,659
+143,780
| +144% | +$9.87M |
2014 Q4
7 quarters
|
|
|
5
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
| $13.5M | 3.92% |
439,785
+104,556
| +31% | +$3.22M |
2014 Q4
7 quarters
|
|
|
SWH
6
DELISTED
Stanley Black & Decker, Inc.
SWH
| $12.5M | 3.62% |
+98,588
| New | +$12.3M |
2016 Q3
0 quarters
|
|
7
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
| $8.79M | 2.55% |
29,523
+12,660
| +75% | +$3.87M |
2014 Q4
7 quarters
|
|
|
8
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
| $8.73M | 2.53% |
+83,266
| New | +$8M |
2016 Q3
0 quarters
|
|
|
FCAM
9
DELISTED
Fiat Chrysler Automobiles N.V.
FCAM
| $8.01M | 2.33% |
125,000
+100,000
| +400% | +$6.4M |
2016 Q2
1 quarter
|
|
10
PUT
Western Digital
WDC
$136B
| $7.37M | 2.14% |
166,698
-2,117
| -1% | -$79.8K |
2016 Q2
1 quarter
|
|
|
11
DELISTED
JPMorgan Chase
JPM.WS
| $7.11M | 2.06% |
+288,550
| New | +$6.77M |
2016 Q3
0 quarters
|
|
|
AMSGP
12
DELISTED
Amsurg Corp. 5.25% Mandatory Convertible Pft Stk Ser A-1
AMSGP
| $6.7M | 1.94% |
52,802
+51,937
| +6,004% | +$6.75M |
2015 Q4
3 quarters
|
|
13
CALL
Universal Corp
UVV
$1.01B
| $6.27M | 1.82% |
107,700
+25,600
| +31% | +$1.51M |
2015 Q2
5 quarters
|
|
14
DELISTED
Vistra Energy Corp.
DYNC
| $5.6M | 1.63% |
67,611
+40,771
| +152% | +$3.8M |
2016 Q2
1 quarter
|
|
|
BKHU
15
DELISTED
Black Hills Corporation
BKHU
| $5.05M | 1.47% |
73,169
-83,207
| -53% | -$5.67M |
2015 Q4
3 quarters
|
|
|
AGN.PRA
16
DELISTED
Allergan plc
AGN.PRA
| $4.66M | 1.35% |
5,675
+2,564
| +82% | +$2.22M |
2015 Q2
5 quarters
|
|
|
17
DELISTED
Crown Castle International Corp.
CCI.PRA
| $4.42M | 1.28% |
39,127
-308,561
| -89% | -$35.4M |
2016 Q2
1 quarter
|
|
|
WPXP
18
DELISTED
WPX Energy, Inc.
WPXP
| $3.42M | 0.99% |
55,799
+40,646
| +268% | +$2.19M |
2015 Q3
4 quarters
|
|
19
CALL
Kinder Morgan
KMI
$74.3B
| $3.39M | 0.98% |
146,600
+128,700
| +719% | +$2.73M |
2015 Q1
6 quarters
|
|
|
FTRPR
20
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $3.28M | 0.95% |
39,052
+36,256
| +1,297% | +$3.35M |
2015 Q2
5 quarters
|
|
|
21
PUT
Crown Castle
CCI
$33.8B
| $3.23M | 0.94% |
34,300
+31,100
| +972% | +$2.99M |
2016 Q2
1 quarter
|
|
22
CALL
Stellantis
STLA
$12.4B
| $2.47M | 0.72% |
+387,644
| New | +$2.55M |
2016 Q3
0 quarters
|
|
|
23
PUT
Universal Corp
UVV
$1.01B
| $2.4M | 0.7% |
41,300
+7,500
| +22% | +$443K |
2015 Q3
4 quarters
|
|
|
SWNC
24
DELISTED
Southwestern Energy Company
SWNC
| $2.34M | 0.68% |
74,070
+54,348
| +276% | +$1.75M |
2015 Q1
6 quarters
|
|
|
25
CALL
Crown Castle
CCI
$33.8B
| $1.9M | 0.55% |
20,200
+10,200
| +102% | +$981K |
2016 Q2
1 quarter
|
|
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Equitec Specialists's Q3 2016 Portfolio in Review
As of Q3 2016, Equitec Specialists held 132 positions worth $344M, down 36% from $535M the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Equitec Specialists withdrew a net $259M in Q3 2016, closing 28 positions and reducing 19 holdings. Its most notable exit was NEXTERA ENERGY INC EQUITY UNIT, an estimated $170M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 96% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Equitec Specialists opened a new position in Stanley Black & Decker, Inc. worth $12.5M.
- Equitec Specialists's largest Q3 2016 buy was Stanley Black & Decker, Inc.: 98,588 shares worth $12.5M.
- Equitec Specialists added most to Welltower Inc. in Q3 2016, an estimated $9.87M increase.
- Equitec Specialists's biggest Q3 2016 reduction was Crown Castle International Corp., cutting an estimated $35.4M.
- Equitec Specialists fully exited NEXTERA ENERGY INC EQUITY UNIT in Q3 2016, selling an estimated $170M.
- Equitec Specialists's ten largest holdings make up 63% of its $344M portfolio in Q3 2016.
- Equitec Specialists opened 36 new positions and closed 28 in Q3 2016.
- Equitec Specialists's portfolio value fell 36% quarter-over-quarter to $344M.
Based on Equitec Specialists's 13F filing for Q3 2016, filed 24 Oct 2016.