Equitec Specialists Portfolio holdings

Equitec Specialists's Q4 2018 Portfolio in Review

As of Q4 2018, Equitec Specialists held 106 positions worth $360M, down 21% from $453M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Equitec Specialists withdrew a net $108M in Q4 2018, closing 27 positions and reducing 12 holdings. Its most notable exit was Black Hills Corporation, an estimated $41.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 1.2% of assets, up from 0.77% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Equitec Specialists opened a new position in DTE Energy Company 2016 Corporate Units worth $10.3M.

• Equitec Specialists's largest Q4 2018 buy was DTE Energy Company 2016 Corporate Units: 199,573 shares worth $10.3M.
• Equitec Specialists added most to Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in Q4 2018, an estimated $8.1M increase.
• Equitec Specialists's biggest Q4 2018 reduction was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6, cutting an estimated $8.11M.
• Equitec Specialists fully exited Black Hills Corporation in Q4 2018, selling an estimated $41.4M.
• Equitec Specialists's ten largest holdings make up 64% of its $360M portfolio in Q4 2018.
• Equitec Specialists opened 26 new positions and closed 27 in Q4 2018.
• Equitec Specialists's portfolio value fell 21% quarter-over-quarter to $360M.

Based on Equitec Specialists's 13F filing for Q4 2018, filed 30 Jan 2019.