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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
+3.11%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$453M
AUM Growth
+$33.4M
(+8%)
Cap. Flow
-$29.3M
Cap. Flow
% of AUM
-6.48%
Top 10 Holdings %
Top 10 Hldgs %
81.86%
Holding
131
New
19
Increased
13
Reduced
25
Closed
61
Avg Time Held Equity + Options
0.6
years
Top 10 Avg Time Held Equity + Options
0.6
years
Top 20 Avg Time Held Equity + Options
0.7
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
|
+$13.6M |
| 2 |
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
|
+$8.26M |
| 3 |
Vistra Energy Corp.
DYNC
|
+$3.69M |
| 4 |
WPXP
WPX Energy, Inc.
WPXP
|
+$3.14M |
| 5 |
JPMorgan Chase
JPM
|
+$2.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.05% |
| 2 | Financials | 6.77% |
| 3 | Consumer Staples | 0.48% |
| 4 | Communication Services | 0.48% |
| 5 | Consumer Discretionary | 0.16% |
| 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
| $140M | 30.99% |
1,325,631
+292,099
| +28% | +$29.4M |
2014 Q4
9 quarters
|
|
2
BRC Group Holdings
RILY
$186M
| $30M | 6.63% |
2,000,000
| – | – |
2016 Q2
3 quarters
|
|
|
BKHU
3
DELISTED
Black Hills Corporation
BKHU
| $25.4M | 5.61% |
345,898
+171,140
| +98% | +$12M |
2015 Q4
5 quarters
|
|
4
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
| $16.9M | 3.74% |
589,923
+64,767
| +12% | +$1.89M |
2014 Q4
9 quarters
|
|
5
DELISTED
Welltower Inc.
WELL.PRI
| $13.1M | 2.89% |
207,307
-13,254
| -6% | -$809K |
2014 Q4
9 quarters
|
|
|
6
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $12.3M | 2.72% |
227,362
-234,511
| -51% | -$13.6M |
2014 Q4
9 quarters
|
|
7
DELISTED
American Tower Corporation
AMT.PRA
| $11.6M | 2.56% |
+101,327
| New | +$10.8M |
2017 Q1
0 quarters
|
|
|
WPXP
8
DELISTED
WPX Energy, Inc.
WPXP
| $6.34M | 1.4% |
104,934
-52,211
| -33% | -$3.14M |
2015 Q3
6 quarters
|
|
9
PUT
Western Digital
WDC
$136B
| $5.64M | 1.25% |
90,361
-69,722
| -44% | -$4.01M |
2016 Q2
3 quarters
|
|
|
10
PUT
American Tower
AMT
$83.6B
| $5.36M | 1.18% |
+44,100
| New | +$4.85M |
2017 Q1
0 quarters
|
|
|
11
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
| $3.1M | 0.68% |
86,563
+75,963
| +717% | +$2.75M |
2016 Q4
1 quarter
|
|
|
12
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
| $2.89M | 0.64% |
28,270
-77,326
| -73% | -$8.26M |
2016 Q3
2 quarters
|
|
13
PUT
Universal Corp
UVV
$1.01B
| $2.53M | 0.56% |
35,700
+17,200
| +93% | +$1.2M |
2015 Q3
6 quarters
|
|
|
FTRPR
14
DELISTED
Frontier Communications Corporation 11.125% Series A Mandatory Convertible Preferred Stock
FTRPR
| $2.23M | 0.49% |
45,363
-35,300
| -44% | -$2.3M |
2015 Q2
7 quarters
|
|
|
15
Universal Corp
UVV
$1.01B
| $2.18M | 0.48% |
+30,851
| New | +$2.15M |
2017 Q1
0 quarters
|
|
|
AFSI
16
PUT
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $2.18M | 0.48% |
118,000
+116,600
| +8,329% | +$2.84M |
2016 Q4
1 quarter
|
|
17
DELISTED
Time Inc.
TIME
| $2.15M | 0.48% |
111,365
+35,634
| +47% | +$675K |
2016 Q4
1 quarter
|
|
18
DELISTED
Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock
VRTSP
| $2.14M | 0.47% |
+21,830
| New | +$2.17M |
2017 Q1
0 quarters
|
|
|
TWNKW
19
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $1.53M | 0.34% |
542,685
+349,825
| +181% | +$875K |
2016 Q4
1 quarter
|
|
|
AGN.PRA
20
DELISTED
Allergan plc
AGN.PRA
| $1.47M | 0.32% |
1,729
+1,267
| +274% | +$1.05M |
2015 Q2
7 quarters
|
|
|
21
PUT
EPR Properties
EPR
$4.18B
| $1.22M | 0.27% |
+16,600
| New | +$1.23M |
2017 Q1
0 quarters
|
|
|
FTR
22
PUT
DELISTED
Frontier Communications Corp.
FTR
| $1.19M | 0.26% |
+37,120
| New | +$1.7M |
2017 Q1
0 quarters
|
|
|
GXP.PRB.CL
23
DELISTED
Great Plains Energy Incorporated
GXP.PRB.CL
| $1.12M | 0.25% |
20,849
-20,270
| -49% | -$1.05M |
2016 Q4
1 quarter
|
|
|
EVHC.PR
24
DELISTED
Envision Healthcare Corporation
EVHC.PR
| $1.09M | 0.24% |
9,590
-13,060
| -58% | -$1.62M |
2016 Q4
1 quarter
|
|
25
DELISTED
Comerica Incorporated Ws
CMA.WS
| $1.02M | 0.23% |
+26,051
| New | +$1.06M |
2017 Q1
0 quarters
|
|
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Equitec Specialists's Q1 2017 Portfolio in Review
As of Q1 2017, Equitec Specialists held 131 positions worth $453M, up 8% from $419M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Equitec Specialists withdrew a net $29.3M in Q1 2017, closing 61 positions and reducing 25 holdings. Its most notable exit was Vistra Energy Corp., an estimated $3.69M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 90% a quarter earlier, followed by Financials and Consumer Staples.
Against the trend, Equitec Specialists opened a new position in American Tower Corporation worth $11.6M.
- Equitec Specialists's largest Q1 2017 buy was American Tower Corporation: 101,327 shares worth $11.6M.
- Equitec Specialists added most to T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A in Q1 2017, an estimated $29.4M increase.
- Equitec Specialists's biggest Q1 2017 reduction was RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest, cutting an estimated $13.6M.
- Equitec Specialists fully exited Vistra Energy Corp. in Q1 2017, selling an estimated $3.69M.
- Equitec Specialists's ten largest holdings make up 82% of its $453M portfolio in Q1 2017.
- Equitec Specialists opened 19 new positions and closed 61 in Q1 2017.
- Equitec Specialists's portfolio value rose 8% quarter-over-quarter to $453M.
Based on Equitec Specialists's 13F filing for Q1 2017, filed 25 Apr 2017.