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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

Top Buys

Rank Stock Value
1
BTU.PR
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
+$2.91M
2
EGLE
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
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
ARCC icon
1
Ares Capital
ARCC
$14.3B
$45.1M 51.08%
2,750,000
– –
NMM icon
2
Navios Maritime Partners
NMM
$2.51B
$8.2M 9.29%
266,667
+6,667
+3% +$189K
BTU icon
3
Peabody Energy
BTU
$3.59B
$7.87M 8.91%
271,141
-11,056
-4% -$312K
AGNC icon
4
AGNC Investment
AGNC
$13B
$5.42M 6.14%
250,000
– –
BCIC
5
BCP Investment Corp
BCIC
$95M
$5.03M 5.7%
137,756
– –
NM.PRH
6
DELISTED
NAVIOS MARITIME HOLDNGS INC. 8.625% SER H
NM.PRH
$3.54M 4.02%
225,000
+38,250
+20% +$597K
ACSF
7
DELISTED
American Capital Senior Floating, Ltd.
ACSF
$2.93M 3.32%
255,000
-5,078
-2% -$61.5K
BANX
8
ArrowMark Financial
BANX
$200M
$2.89M 3.28%
140,106
-10,000
-7% -$203K
BTU.PR
9
DELISTED
Peabody Energy Corporation Series A Convertible Preferred Stock
BTU.PR
$2.89M 3.28%
+50,052
New +$2.91M
EGLE
10
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$2.27M 2.57%
+71,652
New +$2.28M
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
EEM icon
12
PUT
iShares MSCI Emerging Markets ETF
EEM
$31.4B
– –
-5,000
Closed -$207K
IWM icon
13
PUT
iShares Russell 2000 ETF
IWM
$81.9B
– –
-2,000
Closed -$282K
PFLT icon
14
PennantPark Floating Rate Capital
PFLT
$738M
– –
-500,000
Closed -$7.05M
PNNT
15
Pennant Park Investment Corp
PNNT
$244M
– –
-300,000
Closed -$2.22M
QQQ icon
16
PUT
Invesco QQQ Trust
QQQ
$493B
– –
-2,000
Closed -$275K
RIG icon
17
Transocean
RIG
$6.41B
– –
-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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MC
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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.