First New York Securities Portfolio holdings

First New York Securities's Q2 2014 Portfolio in Review

As of Q2 2014, First New York Securities held 517 positions worth $97M, down 52% from $204M the previous quarter. Its ten largest holdings account for 67% of the portfolio.

First New York Securities withdrew a net $121M in Q2 2014, closing 325 positions and reducing 23 holdings. Its most notable exit was Vodafone, an estimated $16.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 29% of assets, up from 9.1% a quarter earlier, followed by Financials and Real Estate.

Against the trend, First New York Securities opened a new position in FOREST LABORATORIES INC worth $18.4M.

• First New York Securities's largest Q2 2014 buy was FOREST LABORATORIES INC: 186,236 shares worth $18.4M.
• First New York Securities added most to STMicroelectronics in Q2 2014, an estimated $1.14M increase.
• First New York Securities's biggest Q2 2014 reduction was Shire pic, cutting an estimated $4.09M.
• First New York Securities fully exited Vodafone in Q2 2014, selling an estimated $16.9M.
• First New York Securities's ten largest holdings make up 67% of its $97M portfolio in Q2 2014.
• First New York Securities opened 131 new positions and closed 325 in Q2 2014.
• First New York Securities's portfolio value fell 52% quarter-over-quarter to $97M.

Based on First New York Securities's 13F filing for Q2 2014, filed 15 Aug 2014.