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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
+7.93%
1 Year Est. Return
-3.73%
3 Year Est. Return
+7.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$382M
AUM Growth
-$67.5M
(-15%)
Cap. Flow
-$95.4M
Cap. Flow
% of AUM
-24.99%
Top 10 Holdings %
Top 10 Hldgs %
27.84%
Holding
129
New
23
Increased
13
Reduced
66
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AWF
AllianceBernstein Global High Income Fund
AWF
|
+$6.19M |
| 2 |
AngloGold Ashanti
AU
|
+$5.03M |
| 3 |
Banco Bradesco
BBD
|
+$3.92M |
| 4 |
FEI
FIRST TRUST MLP AND ENERGY INCOME FUND
FEI
|
+$3.01M |
| 5 |
Melco Resorts & Entertainment
MLCO
|
+$2.64M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
IRR
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
|
+$6.72M |
| 2 |
Vale
VALE
|
+$6.33M |
| 3 |
Infosys
INFY
|
+$6.28M |
| 4 |
SSRI
Silver Standard Resources
SSRI
|
+$5.74M |
| 5 |
CEMIG Preferred Shares
CIG
|
+$5.05M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 17.85% |
| 2 | Energy | 12.52% |
| 3 | Financials | 10.95% |
| 4 | Technology | 8.6% |
| 5 | Communication Services | 4.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Nuveen Credit Strategies Income Fund
JQC
$704M
| $18.5M | 4.84% |
1,975,589
-49,933
| -2% | -$467K |
|
2
TSMC
TSM
$2.2T
| $16.3M | 4.28% |
763,729
-229,592
| -23% | -$4.73M |
|
3
Baidu
BIDU
$36.8B
| $10.8M | 2.82% |
57,658
-11,288
| -16% | -$1.85M |
|
4
Cemex
CX
$18.3B
| $9.35M | 2.45% |
794,768
-285,092
| -26% | -$3.24M |
|
5
Itaú Unibanco
ITUB
$92.6B
| $8.96M | 2.35% |
1,554,951
-530,982
| -25% | -$3.13M |
|
|
BCF
6
DELISTED
BLACKROCK REAL ASSET EQUITY TRUST
BCF
| $8.78M | 2.3% |
935,335
-95,573
| -9% | -$877K |
|
7
BlackRock Resources & Commodities Strategy Trust
BCX
$873M
| $8.59M | 2.25% |
692,281
-107,404
| -13% | -$1.3M |
|
|
8
CEMIG Preferred Shares
CIG
$6.15B
| $8.56M | 2.24% |
2,101,591
-1,329,210
| -39% | -$5.05M |
|
|
TTM
9
DELISTED
Tata Motors Limited
TTM
| $8.31M | 2.18% |
212,721
-81,118
| -28% | -$3.12M |
|
10
ASE Group
ASX
$87.8B
| $8.15M | 2.14% |
1,254,314
-549,807
| -30% | -$3.33M |
|
|
IRR
11
DELISTED
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
| $7.59M | 1.99% |
659,945
-620,878
| -48% | -$6.72M |
|
|
12
Infosys
INFY
$45.2B
| $7.5M | 1.96% |
1,115,512
-943,824
| -46% | -$6.28M |
|
|
13
Vale
VALE
$60.6B
| $7.16M | 1.87% |
540,964
-469,074
| -46% | -$6.33M |
|
|
BRW
14
Saba Capital Income & Opportunities Fund
BRW
$340M
| $6.95M | 1.82% |
600,458
+155,431
| +35% | +$1.78M |
|
15
Shinhan Financial Group
SHG
$32.4B
| $6.45M | 1.69% |
140,645
-51,907
| -27% | -$2.32M |
|
|
CTR
16
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
| $6.33M | 1.66% |
52,858
+20,656
| +64% | +$2.33M |
|
17
KB Financial Group
KB
$40.5B
| $6.15M | 1.61% |
177,022
-65,054
| -27% | -$2.26M |
|
|
AWF
18
AllianceBernstein Global High Income Fund
AWF
$874M
| $6.09M | 1.6% |
+423,886
| New | +$6.19M |
|
19
Invesco Senior Income Trust
VVR
$462M
| $6.04M | 1.58% |
1,205,575
+201,254
| +20% | +$1M |
|
20
Halliburton
HAL
$27.7B
| $5.95M | 1.56% |
83,839
-26,815
| -24% | -$1.72M |
|
|
VEDL
21
DELISTED
Vedanta Limited American Depostary Shares (Each representing four equity shares)
VEDL
| $5.94M | 1.56% |
306,755
-201,640
| -40% | -$3.17M |
|
22
Petrobras
PBR
$119B
| $5.82M | 1.53% |
398,058
-146,203
| -27% | -$2.13M |
|
23
Southern Copper
SCCO
$157B
| $5.68M | 1.49% |
201,880
-109,235
| -35% | -$3.01M |
|
24
ICICI Bank
IBN
$108B
| $5.66M | 1.48% |
624,036
-229,146
| -27% | -$1.97M |
|
25
Credicorp
BAP
$31.1B
| $5.24M | 1.37% |
33,677
-21,865
| -39% | -$3.28M |
|
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Newgate Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Newgate Capital Management held 129 positions worth $382M, down 15% from $449M the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Newgate Capital Management withdrew a net $95.4M in Q2 2014, closing 23 positions and reducing 66 holdings. Its most notable exit was abrdn Total Dynamic Dividend Fund, an estimated $4.32M position sold in full.
By sector, the portfolio is most concentrated in Materials at 18% of assets, down from 22% a quarter earlier, followed by Energy and Financials.
Against the trend, Newgate Capital Management opened a new position in AllianceBernstein Global High Income Fund worth $6.09M.
- Newgate Capital Management's largest Q2 2014 buy was AllianceBernstein Global High Income Fund: 423,886 shares worth $6.09M.
- Newgate Capital Management added most to ClearBridge MLP and Midstream Total Return Fund Inc. in Q2 2014, an estimated $2.33M increase.
- Newgate Capital Management's biggest Q2 2014 reduction was VOYA NATURAL RESOURCES EQUITY INCOME FUND, cutting an estimated $6.72M.
- Newgate Capital Management fully exited abrdn Total Dynamic Dividend Fund in Q2 2014, selling an estimated $4.32M.
- Newgate Capital Management's ten largest holdings make up 28% of its $382M portfolio in Q2 2014.
- Newgate Capital Management opened 23 new positions and closed 23 in Q2 2014.
- Newgate Capital Management's portfolio value fell 15% quarter-over-quarter to $382M.
Based on Newgate Capital Management's 13F filing for Q2 2014, filed 8 Aug 2014.