Newgate Capital Management Portfolio holdings
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% |
Similar funds
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.