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
+1.6%
1 Year Est. Return
+25.27%
3 Year Est. Return
+65.41%
5 Year Est. Return
+95.52%
10 Year Est. Return
–
AUM
$650M
AUM Growth
+$8.41M
Cap. Flow
-$176M
Cap. Flow %
-27.02%
Top 10 Hldgs %
67.88%
Holding
129
New
22
Increased
24
Reduced
20
Closed
29
Avg Time Held Equity + Options
0.6 years
Top 10 Avg Time Held Equity + Options
0.4 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
0.4 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
ARNC.PRB
Arconic Inc.
ARNC.PRB
+$54M
2
AMT.PRB icon
American Tower Corporation
AMT.PRB
+$24.1M
3
NEE.PRQ icon
NextEra Energy, Inc.
NEE.PRQ
+$14.3M
4
AGN.PRA
Allergan plc
AGN.PRA
+$13.4M
5
CCI.PRA icon
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$11.6M

Top Sells

Rank Stock Value
1
DCUC
Dominion Energy, Inc.
DCUC
+$37.5M
2
WELL.PRI icon
Welltower Inc.
WELL.PRI
+$8.05M
3
RPT.PRD icon
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
+$5.1M
4
EPR.PRE icon
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
+$1.96M
5
WPXP
WPX Energy, Inc.
WPXP
+$1.39M

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.45%
2 Industrials 0.35%
3 Energy 0.11%
4 Healthcare 0.07%
5 Consumer Discretionary 0.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TMUSP icon
1
DELISTED
T-Mobile US, Inc.5.50% Mandatory Convertible Preferred Stock, Series A
TMUSP
$145M 22.38%
1,455,724
+96,900
+7% +$9.86M
2014 Q4
11 quarters
ARNC.PRB
2
DELISTED
Arconic Inc.
ARNC.PRB
$64M 9.85%
1,645,051
+1,365,782
+489% +$54M
2017 Q2
1 quarter
BKHU
3
DELISTED
Black Hills Corporation
BKHU
$42.3M 6.52%
562,734
+124,826
+29% +$9.42M
2015 Q4
7 quarters
AMT.PRB icon
4
DELISTED
American Tower Corporation
AMT.PRB
$23.7M 3.65%
+194,390
New +$24.1M
2017 Q3
0 quarters
NEE.PRQ icon
5
DELISTED
NextEra Energy, Inc.
NEE.PRQ
$20.6M 3.16%
309,952
+216,439
+231% +$14.3M
2017 Q2
1 quarter
EPR.PRC icon
6
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
$19.6M 3.02%
708,886
-18,630
-3% -$522K
2014 Q4
11 quarters
AGN.PRA
7
DELISTED
Allergan plc
AGN.PRA
$14M 2.15%
18,911
+16,177
+592% +$13.4M
2015 Q2
9 quarters
WELL.PRI icon
8
DELISTED
Welltower Inc.
WELL.PRI
$13.5M 2.08%
212,712
-123,407
-37% -$8.05M
2014 Q4
11 quarters
CCI.PRA icon
9
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$11.4M 1.76%
+10,697
New +$11.6M
2017 Q3
0 quarters
AGN
10
CALL
DELISTED
Allergan plc
AGN
$9.94M 1.53%
48,500
+37,800
+353% +$8.79M
2017 Q2
1 quarter
GM.WS.B icon
11
DELISTED
General Motors Company
GM.WS.B
$8.69M 1.34%
387,645
+241,290
+165% +$4.47M
2017 Q2
1 quarter
DYN.PRA icon
12
DELISTED
Dynegy Inc.
DYN.PRA
$7.93M 1.22%
239,737
-45,199
-16% -$1.36M
2017 Q2
1 quarter
RYAM.PRA icon
13
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
$6.89M 1.06%
65,267
+1,384
+2% +$150K
2016 Q3
4 quarters
VRTSP icon
14
DELISTED
Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock
VRTSP
$6.76M 1.04%
65,294
+52,076
+394% +$5.25M
2017 Q1
2 quarters
EPR icon
15
PUT
EPR Properties
EPR
$4.18B
$6.02M 0.93%
86,300
+5,600
+7% +$394K
2017 Q1
2 quarters
WDC icon
16
PUT
Western Digital
WDC
$136B
$5.9M 0.91%
90,361
– –
2016 Q2
5 quarters
DYNC icon
17
DELISTED
Vistra Energy Corp.
DYNC
$3.24M 0.5%
+48,023
New +$3.09M
2017 Q3
0 quarters
RPT.PRD icon
18
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
$2.85M 0.44%
52,729
-94,296
-64% -$5.1M
2014 Q4
11 quarters
XPO icon
19
XPO
XPO
$21.7B
$2.3M 0.35%
+98,287
New +$2.06M
2017 Q3
0 quarters
TEVA icon
20
PUT
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
$2.1M 0.32%
+119,600
New +$2.69M
2017 Q3
0 quarters
SWNC
21
DELISTED
Southwestern Energy Company
SWNC
$1.86M 0.29%
130,487
+91,387
+234% +$1.25M
2017 Q2
1 quarter
FTR
22
PUT
DELISTED
Frontier Communications Corp.
FTR
$1.48M 0.23%
125,500
+116,940
+1,366% +$1.64M
2017 Q1
2 quarters
DSKEW
23
DELISTED
Daseke, Inc. Warrant
DSKEW
$1.14M 0.17%
696,681
+365,329
+110% +$536K
2017 Q1
2 quarters
TWNKW
24
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
$1.05M 0.16%
513,732
-241,359
-32% -$550K
2016 Q4
3 quarters
EPR.PRE icon
25
EPR Properties 9.00% Series E Preferred Shares
EPR.PRE
$104M
$821K 0.13%
22,559
-54,599
-71% -$1.96M
2016 Q4
3 quarters
1
2 3 4 5

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Equitec Specialists's Q3 2017 Portfolio in Review

As of Q3 2017, Equitec Specialists held 129 positions worth $650M, up 1.3% from $641M the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Equitec Specialists withdrew a net $176M in Q3 2017, closing 29 positions and reducing 20 holdings. Its most notable exit was Dominion Energy, Inc., an estimated $37.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, down from 100% a quarter earlier, followed by Industrials and Energy.

Against the trend, Equitec Specialists opened a new position in American Tower Corporation worth $23.7M.

  • Equitec Specialists's largest Q3 2017 buy was American Tower Corporation: 194,390 shares worth $23.7M.
  • Equitec Specialists added most to Arconic Inc. in Q3 2017, an estimated $54M increase.
  • Equitec Specialists's biggest Q3 2017 reduction was Welltower Inc., cutting an estimated $8.05M.
  • Equitec Specialists fully exited Dominion Energy, Inc. in Q3 2017, selling an estimated $37.5M.
  • Equitec Specialists's ten largest holdings make up 68% of its $650M portfolio in Q3 2017.
  • Equitec Specialists opened 22 new positions and closed 29 in Q3 2017.
  • Equitec Specialists's portfolio value rose 1.3% quarter-over-quarter to $650M.

Based on Equitec Specialists's 13F filing for Q3 2017, filed 23 Oct 2017.