First New York Securities Portfolio holdings

First New York Securities's Q3 2016 Portfolio in Review

As of Q3 2016, First New York Securities held 370 positions worth $151M, down 7.1% from $163M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

First New York Securities withdrew a net $49.7M in Q3 2016, closing 113 positions and reducing 39 holdings. Its most notable exit was TECO ENERGY INC, an estimated $31.9M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 34% of assets, up from 15% a quarter earlier, followed by Technology and Energy.

Against the trend, First New York Securities opened a new position in ITC HOLDINGS CORP worth $6.21M.

• First New York Securities's largest Q3 2016 buy was ITC HOLDINGS CORP: 133,592 shares worth $6.21M.
• First New York Securities added most to TechnipFMC in Q3 2016, an estimated $8.83M increase.
• First New York Securities's biggest Q3 2016 reduction was Shire pic, cutting an estimated $16.4M.
• First New York Securities fully exited TECO ENERGY INC in Q3 2016, selling an estimated $31.9M.
• First New York Securities's ten largest holdings make up 56% of its $151M portfolio in Q3 2016.
• First New York Securities opened 158 new positions and closed 113 in Q3 2016.
• First New York Securities's portfolio value fell 7.1% quarter-over-quarter to $151M.

Based on First New York Securities's 13F filing for Q3 2016, filed 18 Oct 2016.