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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
+11.07%
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
-$481M
(-52%)
Cap. Flow
-$349M
Cap. Flow
% of AUM
-77.03%
Top 10 Holdings %
Top 10 Hldgs %
71.16%
Holding
103
New
26
Increased
18
Reduced
16
Closed
23
Avg Time Held Equity + Options
0.7
years
Top 10 Avg Time Held Equity + Options
0.3
years
Top 20 Avg Time Held Equity + Options
0.4
years
Avg Time Held Equity only
0.7
years
Top 10 Avg Time Held Equity only
0.3
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy, Inc.
NEE.PRQ
|
+$201M |
| 2 |
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
|
+$13.7M |
| 3 |
Sempra Energy 6% Mandatory Convertible Preferred Stock, Series A
SRE.PRA
|
+$12.8M |
| 4 |
WPXP
WPX Energy, Inc.
WPXP
|
+$3.81M |
| 5 |
SJIU
South Jersey Industries, Inc.
SJIU
|
+$2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 97.36% |
| 2 | Consumer Discretionary | 1.18% |
| 3 | Industrials | 0.77% |
| 4 | Real Estate | 0.31% |
| 5 | Technology | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
| $88M | 19.43% |
107,580
+82,369
| +327% | +$55.4M |
2017 Q3
4 quarters
|
|
|
BKHU
2
DELISTED
Black Hills Corporation
BKHU
| $41.4M | 9.15% |
663,371
+202,426
| +44% | +$13.1M |
2015 Q4
11 quarters
|
|
3
DELISTED
Hess Corporation
HES.PRA
| $27.5M | 6.07% |
345,799
+267,253
| +340% | +$19.6M |
2018 Q1
2 quarters
|
|
4
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
| $21.8M | 4.81% |
170,139
+32,796
| +24% | +$4.45M |
2016 Q3
8 quarters
|
|
|
BDXA
5
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
| $18.5M | 4.08% |
282,534
+275,867
| +4,138% | +$17.6M |
2018 Q2
1 quarter
|
|
6
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$131M
| $15.5M | 3.42% |
553,100
+101,422
| +22% | +$2.82M |
2014 Q4
15 quarters
|
|
7
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| $9.36M | 2.07% |
173,942
+16,694
| +11% | +$892K |
2014 Q4
15 quarters
|
|
8
PUT
Trip.com Group
TCOM
$24.5B
| $6.84M | 1.51% |
183,900
+175,800
| +2,170% | +$7.13M |
2018 Q2
1 quarter
|
|
9
PUT
Tesla
TSLA
$1.45T
| $5.67M | 1.25% |
+321,000
| New | +$6.69M |
2018 Q3
0 quarters
|
|
|
10
PUT
EPR Properties
EPR
$4.18B
| $4.55M | 1% |
66,500
-22,600
| -25% | -$1.54M |
2017 Q1
6 quarters
|
|
11
Amazon
AMZN
$2.74T
| $4.01M | 0.88% |
+40,000
| New | +$3.76M |
2018 Q3
0 quarters
|
|
|
12
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
| $3.17M | 0.7% |
2,914
-12,679
| -81% | -$13.7M |
2017 Q3
4 quarters
|
|
13
DELISTED
Virtus Investment Partners, Inc. 7.25% Series D Mandatory Convertible Preferred Stock
VRTSP
| $2.92M | 0.65% |
29,444
+8,200
| +39% | +$874K |
2017 Q1
6 quarters
|
|
14
BlueLinx
BXC
$556M
| $2.51M | 0.55% |
79,739
+60,509
| +315% | +$2.18M |
2018 Q2
1 quarter
|
|
|
SJIU
15
DELISTED
South Jersey Industries, Inc.
SJIU
| $2.4M | 0.53% |
42,829
-36,326
| -46% | -$2M |
2018 Q2
1 quarter
|
|
|
16
PUT
Amazon
AMZN
$2.74T
| $2.2M | 0.49% |
22,000
-192,000
| -90% | -$18.1M |
2018 Q1
2 quarters
|
|
17
DELISTED
Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
| $1.89M | 0.42% |
42,850
-37,679
| -47% | -$1.66M |
2018 Q2
1 quarter
|
|
|
18
CALL
Amazon
AMZN
$2.74T
| $1.6M | 0.35% |
+16,000
| New | +$1.5M |
2018 Q3
0 quarters
|
|
19
DELISTED
American International Group, Inc.
AIG.WS
| $1.43M | 0.32% |
+97,991
| New | +$1.46M |
2018 Q3
0 quarters
|
|
20
DELISTED
Magnolia Oil & Gas Corporation
MGY.WS
| $1.37M | 0.3% |
+292,547
| New | +$1.14M |
2018 Q3
0 quarters
|
|
|
21
CALL
Trip.com Group
TCOM
$24.5B
| $1.36M | 0.3% |
36,500
+31,800
| +677% | +$1.29M |
2018 Q2
1 quarter
|
|
22
PUT
DELISTED
Vector Group Ltd.
VGR
| $1.25M | 0.28% |
134,577
+105,663
| +365% | +$1.15M |
2018 Q2
1 quarter
|
|
|
23
CALL
EPR Properties
EPR
$4.18B
| $1.17M | 0.26% |
17,100
+9,700
| +131% | +$659K |
2017 Q2
5 quarters
|
|
|
SNR
24
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.15M | 0.25% |
194,467
| – | – |
2018 Q1
2 quarters
|
|
25
PUT
Ciena
CIEN
$51B
| $1.08M | 0.24% |
+34,600
| New | +$969K |
2018 Q3
0 quarters
|
|
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Equitec Specialists's Q3 2018 Portfolio in Review
As of Q3 2018, Equitec Specialists held 103 positions worth $453M, down 52% from $934M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Equitec Specialists withdrew a net $349M in Q3 2018, closing 23 positions and reducing 16 holdings. Its most notable exit was NextEra Energy, Inc., an estimated $201M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 97% of assets, down from 99% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Equitec Specialists opened a new position in Amazon worth $4.01M.
- Equitec Specialists's largest Q3 2018 buy was Amazon: 40,000 shares worth $4.01M.
- Equitec Specialists added most to Iridium Communications Inc - 6.75% Series B in Q3 2018, an estimated $55.4M increase.
- Equitec Specialists's biggest Q3 2018 reduction was Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $13.7M.
- Equitec Specialists fully exited NextEra Energy, Inc. in Q3 2018, selling an estimated $201M.
- Equitec Specialists's ten largest holdings make up 71% of its $453M portfolio in Q3 2018.
- Equitec Specialists opened 26 new positions and closed 23 in Q3 2018.
- Equitec Specialists's portfolio value fell 52% quarter-over-quarter to $453M.
Based on Equitec Specialists's 13F filing for Q3 2018, filed 15 Oct 2018.