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
-1.66%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$641M
AUM Growth
+$189M
(+42%)
Cap. Flow
-$93.1M
Cap. Flow
% of AUM
-14.51%
Top 10 Holdings %
Top 10 Hldgs %
80.52%
Holding
121
New
45
Increased
17
Reduced
20
Closed
16
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
0.8
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DCUC
Dominion Energy, Inc.
DCUC
|
+$39.5M |
| 2 |
ARNC.PRB
Arconic Inc.
ARNC.PRB
|
+$11.6M |
| 3 |
Welltower Inc.
WELL.PRI
|
+$8.4M |
| 4 |
Dynegy Inc.
DYN.PRA
|
+$7.67M |
| 5 |
BKHU
Black Hills Corporation
BKHU
|
+$6.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRC Group Holdings
RILY
|
+$30M |
| 2 |
American Tower Corporation
AMT.PRA
|
+$11.6M |
| 3 |
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
|
+$4.25M |
| 4 |
WPXP
WPX Energy, Inc.
WPXP
|
+$3.61M |
| 5 |
Time Inc.
TIME
|
+$2.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.68% |
| 2 | Utilities | 0.18% |
| 3 | Financials | 0.04% |
| 4 | Technology | 0.04% |
| 5 | Consumer Staples | 0.03% |
| 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
| $134M | 20.9% |
1,358,824
+33,193
| +3% | +$3.52M |
2014 Q4
10 quarters
|
|
|
DCUC
2
DELISTED
Dominion Energy, Inc.
DCUC
| $37.5M | 5.84% |
+783,948
| New | +$39.5M |
2017 Q2
0 quarters
|
|
|
BKHU
3
DELISTED
Black Hills Corporation
BKHU
| $32.4M | 5.05% |
437,908
+92,010
| +27% | +$6.91M |
2015 Q4
6 quarters
|
|
|
4
DELISTED
Welltower Inc.
WELL.PRI
| $22.3M | 3.47% |
336,119
+128,812
| +62% | +$8.4M |
2014 Q4
10 quarters
|
|
5
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
| $20.6M | 3.2% |
727,516
+137,593
| +23% | +$3.96M |
2014 Q4
10 quarters
|
|
|
ARNC.PRB
6
DELISTED
Arconic Inc.
ARNC.PRB
| $10M | 1.56% |
+279,269
| New | +$11.6M |
2017 Q2
0 quarters
|
|
|
7
DELISTED
Dynegy Inc.
DYN.PRA
| $8.19M | 1.28% |
+284,936
| New | +$7.67M |
2017 Q2
0 quarters
|
|
|
8
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $7.74M | 1.21% |
147,025
-80,337
| -35% | -$4.25M |
2014 Q4
10 quarters
|
|
9
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
| $7.51M | 1.17% |
63,883
+35,613
| +126% | +$3.86M |
2016 Q3
3 quarters
|
|
10
PUT
Western Digital
WDC
$136B
| $6.05M | 0.94% |
90,361
| – | – |
2016 Q2
4 quarters
|
|
11
DELISTED
NextEra Energy, Inc.
NEE.PRQ
| $6M | 0.94% |
+93,513
| New | +$5.87M |
2017 Q2
0 quarters
|
|
|
12
PUT
EPR Properties
EPR
$4.18B
| $5.8M | 0.9% |
80,700
+64,100
| +386% | +$4.67M |
2017 Q1
1 quarter
|
|
|
13
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
| $2.73M | 0.43% |
77,158
-9,405
| -11% | -$338K |
2016 Q4
2 quarters
|
|
|
AGN
14
CALL
DELISTED
Allergan plc
AGN
| $2.6M | 0.41% |
+10,700
| New | +$2.51M |
2017 Q2
0 quarters
|
|
15
DELISTED
General Motors Company
GM.WS.B
| $2.54M | 0.4% |
+146,355
| New | +$2.41M |
2017 Q2
0 quarters
|
|
16
CALL
Howmet Aerospace
HWM
$86.8B
| $2.49M | 0.39% |
+143,440
| New | +$2.92M |
2017 Q2
0 quarters
|
|
|
AGN.PRA
17
DELISTED
Allergan plc
AGN.PRA
| $2.37M | 0.37% |
2,734
+1,005
| +58% | +$842K |
2015 Q2
8 quarters
|
|
|
TWNKW
18
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $2.2M | 0.34% |
755,091
+212,406
| +39% | +$620K |
2016 Q4
2 quarters
|
|
|
WPXP
19
DELISTED
WPX Energy, Inc.
WPXP
| $1.73M | 0.27% |
36,746
-68,188
| -65% | -$3.61M |
2015 Q3
7 quarters
|
|
20
DELISTED
American International Group, Inc.
AIG.WS
| $1.37M | 0.21% |
+65,162
| New | +$1.35M |
2017 Q2
0 quarters
|
|
21
DELISTED
Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock
VRTSP
| $1.35M | 0.21% |
13,218
-8,612
| -39% | -$840K |
2017 Q1
1 quarter
|
|
22
Exelon
EXC
$43.9B
| $1.14M | 0.18% |
+44,204
| New | +$1.12M |
2017 Q2
0 quarters
|
|
|
KND
23
CALL
DELISTED
Kindred Healthcare
KND
| $1.07M | 0.17% |
91,800
+64,800
| +240% | +$639K |
2016 Q2
4 quarters
|
|
|
24
CALL
Exelon
EXC
$43.9B
| $1.01M | 0.16% |
+39,256
| New | +$999K |
2017 Q2
0 quarters
|
|
|
AFSI
25
PUT
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $972K | 0.15% |
64,200
-53,800
| -46% | -$794K |
2016 Q4
2 quarters
|
|
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FRGX
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DHRFI
HCMT
Equitec Specialists's Q2 2017 Portfolio in Review
As of Q2 2017, Equitec Specialists held 121 positions worth $641M, up 42% from $453M the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Equitec Specialists withdrew a net $93.1M in Q2 2017, closing 16 positions and reducing 20 holdings. Its most notable exit was BRC Group Holdings, an estimated $30M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, up from 92% a quarter earlier, followed by Utilities and Financials.
Against the trend, Equitec Specialists opened a new position in Dominion Energy, Inc. worth $37.5M.
- Equitec Specialists's largest Q2 2017 buy was Dominion Energy, Inc.: 783,948 shares worth $37.5M.
- Equitec Specialists added most to Welltower Inc. in Q2 2017, an estimated $8.4M increase.
- Equitec Specialists's biggest Q2 2017 reduction was RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest, cutting an estimated $4.25M.
- Equitec Specialists fully exited BRC Group Holdings in Q2 2017, selling an estimated $30M.
- Equitec Specialists's ten largest holdings make up 81% of its $641M portfolio in Q2 2017.
- Equitec Specialists opened 45 new positions and closed 16 in Q2 2017.
- Equitec Specialists's portfolio value rose 42% quarter-over-quarter to $641M.
Based on Equitec Specialists's 13F filing for Q2 2017, filed 19 Jul 2017.