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Ironsides Partners Portfolio holdings

AUM $27.7M
1-Year Est. Return 1.11%
This Fund
S&P 500
This Quarter Est. Return
+4.63%
1 Year Est. Return
-1.11%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$88.2M
AUM Growth
-$8.18M
Cap. Flow
-$10.6M
Cap. Flow %
-11.98%
Top 10 Hldgs %
97.6%
Holding
20
New
2
Increased
3
Reduced
3
Closed
9
Avg Time Held Equity + Options
1.9 quarters
Top 10 Avg Time Held Equity + Options
1.4 quarters
Top 20 Avg Time Held Equity + Options
1.9 quarters
Avg Time Held Equity only
1.9 quarters
Top 10 Avg Time Held Equity only
1.4 quarters
Top 20 Avg Time Held Equity only
1.9 quarters

Top Buys

Rank Stock Value
1
BTU.PR icon
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
+$2.91M
2
EGLE icon
Eagle Bulk Shipping Inc.
EGLE
+$2.28M
3
NM.PRH
NAVIOS MARITIME HOLDNGS INC. 8.625% SER H
NM.PRH
+$597K
4
NMM icon
Navios Maritime Partners
NMM
+$189K
5
NM.PRG
NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value
NM.PRG
+$188K

Top Sells

Rank Stock Value
1
PFLT icon
PennantPark Floating Rate Capital
PFLT
+$7.05M
2
UPL
Ultra Petroleum Corp. Common Stock
UPL
+$3.25M
3
PNNT icon
Pennant Park Investment Corp
PNNT
+$2.22M
4
CYS
CYS Investments Inc.
CYS
+$2.14M
5
RIG icon
Transocean
RIG
+$823K

Sector Composition

Rank Sector Weight
1 Financials 63.38%
2 Industrials 11.87%
3 Miscellaneous 9.7%
4 Energy 8.91%
5 Real Estate 6.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ARCC icon
1
Ares Capital
ARCC
$13.3B
$45.1M 51.08%
2,750,000
– –
2016 Q4
3 quarters
NMM icon
2
Navios Maritime Partners
NMM
$2.69B
$8.2M 9.29%
266,667
+6,667
+3% +$189K
2017 Q1
2 quarters
BTU icon
3
Peabody Energy
BTU
$3.06B
$7.87M 8.91%
271,141
-11,056
-4% -$312K
2017 Q2
1 quarter
AGNC icon
4
AGNC Investment
AGNC
$10.3B
$5.42M 6.14%
250,000
– –
2017 Q1
2 quarters
BCIC icon
5
BCP Investment Corp
BCIC
$85.8M
$5.03M 5.7%
137,756
– –
2016 Q4
3 quarters
NM.PRH
6
DELISTED
NAVIOS MARITIME HOLDNGS INC. 8.625% SER H
NM.PRH
$3.54M 4.02%
225,000
+38,250
+20% +$597K
2017 Q1
2 quarters
ACSF
7
DELISTED
American Capital Senior Floating, Ltd.
ACSF
$2.93M 3.32%
255,000
-5,078
-2% -$61.5K
2016 Q4
3 quarters
BANX icon
8
ArrowMark Financial
BANX
$190M
$2.89M 3.28%
140,106
-10,000
-7% -$203K
2016 Q4
3 quarters
BTU.PR icon
9
DELISTED
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
$2.89M 3.28%
+50,052
New +$2.91M
2017 Q3
0 quarters
EGLE icon
10
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$2.27M 2.57%
+71,652
New +$2.28M
2017 Q3
0 quarters
NM.PRG
11
DELISTED
NAVIOS MARITIME HOLDINGS INC. American Depositary Shares, each representing 1/100th of a 8.75% Series G Cummulative Redeemable Perpetual Preferred Stock, $0.0001 par value
NM.PRG
$2.12M 2.4%
135,000
+11,854
+10% +$188K
2017 Q1
2 quarters
EEM icon
12
PUT
iShares MSCI Emerging Markets ETF
EEM
$31B
– –
-5,000
Closed -$207K –
IWM icon
13
PUT
iShares Russell 2000 ETF
IWM
$78.5B
– –
-2,000
Closed -$282K –
PFLT icon
14
PennantPark Floating Rate Capital
PFLT
$663M
– –
-500,000
Closed -$7.05M –
PNNT icon
15
Pennant Park Investment Corp
PNNT
$208M
– –
-300,000
Closed -$2.22M –
QQQ icon
16
PUT
Invesco QQQ Trust
QQQ
$502B
– –
-2,000
Closed -$275K –
RIG icon
17
Transocean
RIG
$6.15B
– –
-100,000
Closed -$823K –
FCRD
18
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
– –
-67,529
Closed -$672K –
UPL
19
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
– –
-300,000
Closed -$3.25M –
CYS
20
DELISTED
CYS Investments Inc.
CYS
– –
-254,400
Closed -$2.14M –

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Ironsides Partners's Q3 2017 Portfolio in Review

As of Q3 2017, Ironsides Partners held 20 positions worth $88.2M, down 8.5% from $96.4M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Ironsides Partners withdrew a net $10.6M in Q3 2017, closing 9 positions and reducing 3 holdings. Its most notable exit was PennantPark Floating Rate Capital, an estimated $7.05M position sold in full.

By sector, the portfolio is most concentrated in Financials at 63% of assets, down from 72% a quarter earlier, followed by Industrials and Miscellaneous.

Against the trend, Ironsides Partners opened a new position in Peabody Energy Corporation Series A Convertible Preferred Stock worth $2.89M.

  • Ironsides Partners's largest Q3 2017 buy was Peabody Energy Corporation Series A Convertible Preferred Stock: 50,052 shares worth $2.89M.
  • Ironsides Partners added most to NAVIOS MARITIME HOLDNGS INC. 8.625% SER H in Q3 2017, an estimated $597K increase.
  • Ironsides Partners's biggest Q3 2017 reduction was Peabody Energy, cutting an estimated $312K.
  • Ironsides Partners fully exited PennantPark Floating Rate Capital in Q3 2017, selling an estimated $7.05M.
  • Ironsides Partners's ten largest holdings make up 98% of its $88.2M portfolio in Q3 2017.
  • Ironsides Partners opened 2 new positions and closed 9 in Q3 2017.
  • Ironsides Partners's portfolio value fell 8.5% quarter-over-quarter to $88.2M.

Based on Ironsides Partners's 13F filing for Q3 2017, filed 14 Nov 2017.