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NCM
Newgate Capital Management Portfolio holdings
AUM
$121M
1-Year Est. Return
3.73%
This Fund
S&P 500
This Quarter
Est. Return
+1.93%
1 Year Est. Return
-3.73%
3 Year Est. Return
+7.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$111M
AUM Growth
-$23.2M
(-17%)
Cap. Flow
-$24.4M
Cap. Flow
% of AUM
-21.96%
Top 10 Holdings %
Top 10 Hldgs %
50.16%
Holding
117
New
21
Increased
25
Reduced
39
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco National AMT-Free Municipal Bond ETF
PZA
|
+$2.48M |
| 2 |
VanEck High Yield Muni ETF
HYD
|
+$1.77M |
| 3 |
BlackRock Enhanced Global Dividend Trust
BOE
|
+$1.66M |
| 4 |
AWP
abrdn Global Premier Properties Fund
AWP
|
+$1.43M |
| 5 |
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
|
+$1.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PCI
PIMCO Dynamic Credit and Mortgage Income Fund
PCI
|
+$5.48M |
| 2 |
AWF
AllianceBernstein Global High Income Fund
AWF
|
+$4.23M |
| 3 |
BGX
Blackstone Long-Short Credit Income Fund
BGX
|
+$3.35M |
| 4 |
Nuveen Credit Strategies Income Fund
JQC
|
+$3.22M |
| 5 |
BlackRock Debt Strategies Fund
DSU
|
+$2.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 9.3% |
| 2 | Financials | 5.71% |
| 3 | Materials | 4.97% |
| 4 | Communication Services | 3.48% |
| 5 | Utilities | 2.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
JD.com
JD
$43.6B
| $462K | 0.42% |
17,442
-2,798
| -14% | -$73.5K |
|
52
FirstEnergy
FE
$28.2B
| $443K | 0.4% |
12,308
-810
| -6% | -$27.2K |
|
53
Nordic American Tanker
NAT
$1.41B
| $433K | 0.39% |
30,985
-1,446
| -4% | -$19.2K |
|
54
Vipshop
VIPS
$7.3B
| $421K | 0.38% |
32,678
-4,705
| -13% | -$59K |
|
55
Devon Energy
DVN
$50.9B
| $420K | 0.38% |
15,324
+5,071
| +49% | +$123K |
|
56
ICICI Bank
IBN
$109B
| $419K | 0.38% |
64,312
-53,740
| -46% | -$315K |
|
|
TEN
57
Tsakos Energy Navigation Ltd
TEN
$1.2B
| $416K | 0.37% |
13,474
+3,778
| +39% | +$113K |
|
|
KRA
58
DELISTED
Kraton Corporation
KRA
| $411K | 0.37% |
23,736
+4,900
| +26% | +$76.3K |
|
59
Marathon Petroleum
MPC
$91.7B
| $404K | 0.36% |
10,867
-691
| -6% | -$26.3K |
|
60
EOG Resources
EOG
$77.5B
| $401K | 0.36% |
5,532
+12
| +0.2% | +$829 |
|
|
PXD
61
DELISTED
Pioneer Natural Resource Co.
PXD
| $386K | 0.35% |
+2,744
| New | +$340K |
|
62
Shinhan Financial Group
SHG
$34B
| $385K | 0.35% |
+10,927
| New | +$357K |
|
63
Phillips 66
PSX
$84.4B
| $369K | 0.33% |
4,261
-257
| -6% | -$20.9K |
|
64
Eastman Chemical
EMN
$8.01B
| $365K | 0.33% |
5,050
-226
| -4% | -$14.8K |
|
65
Nuveen Municipal Value Fund
NUV
$1.92B
| $364K | 0.33% |
+34,856
| New | +$357K |
|
66
Enbridge
ENB
$121B
| $362K | 0.33% |
9,296
-2,186
| -19% | -$74.7K |
|
|
BKK
67
DELISTED
Blackrock Municipal 2020 Term Trust
BKK
| $358K | 0.32% |
+22,170
| New | +$354K |
|
68
Bank of America
BAC
$433B
| $349K | 0.31% |
25,837
| – | – |
|
69
Netflix
NFLX
$305B
| $347K | 0.31% |
33,910
| – | – |
|
70
Citigroup
C
$222B
| $337K | 0.3% |
8,074
| – | – |
|
|
NPF
71
DELISTED
NUVEEN PREMIER MUNI INCOME FD
NPF
| $337K | 0.3% |
23,963
-24,268
| -50% | -$339K |
|
72
Teekay Tankers
TNK
$2.68B
| $336K | 0.3% |
11,439
+946
| +9% | +$32.6K |
|
73
Canadian Natural Resources
CNQ
$98.6B
| $328K | 0.3% |
25,141
+407
| +2% | +$4.34K |
|
|
CBI
74
DELISTED
Chicago Bridge & Iron Nv
CBI
| $328K | 0.3% |
8,969
+50
| +0.6% | +$1.79K |
|
75
Alphabet (Google) Class A
GOOGL
$4.08T
| $321K | 0.29% |
+8,420
| New | +$310K |
|
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Newgate Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Newgate Capital Management held 117 positions worth $111M, down 17% from $134M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Newgate Capital Management withdrew a net $24.4M in Q1 2016, closing 27 positions and reducing 39 holdings. Its most notable exit was PIMCO Dynamic Credit and Mortgage Income Fund, an estimated $5.48M position sold in full.
By sector, the portfolio is most concentrated in Energy at 9.3% of assets, up from 7.4% a quarter earlier, followed by Financials and Materials.
Against the trend, Newgate Capital Management opened a new position in Invesco National AMT-Free Municipal Bond ETF worth $2.49M.
- Newgate Capital Management's largest Q1 2016 buy was Invesco National AMT-Free Municipal Bond ETF: 96,908 shares worth $2.49M.
- Newgate Capital Management added most to Saba Capital Income & Opportunities Fund in Q1 2016, an estimated $1.34M increase.
- Newgate Capital Management's biggest Q1 2016 reduction was Nuveen Credit Strategies Income Fund, cutting an estimated $3.22M.
- Newgate Capital Management fully exited PIMCO Dynamic Credit and Mortgage Income Fund in Q1 2016, selling an estimated $5.48M.
- Newgate Capital Management's ten largest holdings make up 50% of its $111M portfolio in Q1 2016.
- Newgate Capital Management opened 21 new positions and closed 27 in Q1 2016.
- Newgate Capital Management's portfolio value fell 17% quarter-over-quarter to $111M.
Based on Newgate Capital Management's 13F filing for Q1 2016, filed 29 Apr 2016.