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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
-4.68%
1 Year Est. Return
-3.73%
3 Year Est. Return
+7.69%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$172M
AUM Growth
-$210M
Cap. Flow
-$204M
Cap. Flow %
-118.94%
Top 10 Hldgs %
39.62%
Holding
125
New
19
Increased
7
Reduced
70
Closed
25

Top Buys

Rank Stock Value
1
AWF
AllianceBernstein Global High Income Fund
AWF
+$3.51M
2
FAX
abrdn Asia-Pacific Income Fund
FAX
+$3.11M
3
DSU icon
BlackRock Debt Strategies Fund
DSU
+$3.11M
4
TEI
Templeton Emerging Markets Income Fund
TEI
+$2.53M
5
HPS
John Hancock Preferred Income Fund III
HPS
+$2.38M

Top Sells

Rank Stock Value
1
TSM icon
TSMC
TSM
+$13.4M
2
BIDU icon
Baidu
BIDU
+$9.92M
3
ITUB icon
Itaú Unibanco
ITUB
+$8.22M
4
TTM
Tata Motors Limited
TTM
+$7.87M
5
IRR
VOYA NATURAL RESOURCES EQUITY INCOME FUND
IRR
+$7.59M

Sector Composition

Rank Sector Weight
1 Materials 9.99%
2 Energy 8.5%
3 Financials 4.18%
4 Technology 2.96%
5 Utilities 2.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JQC icon
1
Nuveen Credit Strategies Income Fund
JQC
$708M
$15.5M 9.02%
1,737,091
-238,498
-12% -$2.16M
AWF
2
AllianceBernstein Global High Income Fund
AWF
$874M
$9.2M 5.35%
676,497
+252,611
+60% +$3.51M
BCF
3
DELISTED
BLACKROCK REAL ASSET EQUITY TRUST
BCF
$6.71M 3.9%
792,179
-143,156
-15% -$1.31M
BRW
4
Saba Capital Income & Opportunities Fund
BRW
$341M
$6.24M 3.63%
566,799
-33,659
-6% -$375K
VVR icon
5
Invesco Senior Income Trust
VVR
$460M
$6.13M 3.57%
1,291,635
+86,060
+7% +$418K
BCX icon
6
BlackRock Resources & Commodities Strategy Trust
BCX
$896M
$5.76M 3.35%
512,679
-179,602
-26% -$2.17M
CTR
7
DELISTED
ClearBridge MLP and Midstream Total Return Fund Inc.
CTR
$5.18M 3.01%
44,944
-7,914
-15% -$928K
VTA
8
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$5.07M 2.95%
410,399
+41,057
+11% +$521K
SABA
9
Saba Capital Income & Opportunities Fund II
SABA
$223M
$4.31M 2.5%
270,788
-34,049
-11% -$547K
BGX
10
Blackstone Long-Short Credit Income Fund
BGX
$137M
$4.02M 2.34%
240,811
-29,476
-11% -$507K
JFR icon
11
Nuveen Floating Rate Income Fund
JFR
$1.24B
$4.01M 2.34%
355,661
-49,772
-12% -$582K
JSD
12
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$4.01M 2.33%
234,468
+71,864
+44% +$1.29M
NSL
13
DELISTED
NUVEEN SENIOR INCM FD
NSL
$4M 2.33%
598,468
-87,089
-13% -$602K
BGB
14
Blackstone Strategic Credit 2027 Term Fund
BGB
$506M
$3.06M 1.78%
182,396
+94,112
+107% +$1.62M
EVF
15
Eaton Vance Senior Income Trust
EVF
$90.7M
$3.05M 1.77%
467,915
+27,873
+6% +$186K
FAX
16
abrdn Asia-Pacific Income Fund
FAX
$609M
$3M 1.75%
+84,850
New +$3.11M
DSU icon
17
BlackRock Debt Strategies Fund
DSU
$600M
$3M 1.74%
+261,310
New +$3.11M
MUE
18
DELISTED
BlackRock MuniHoldings Quality Fund II
MUE
$2.48M 1.44%
186,448
-17,815
-9% -$233K
TSM icon
19
TSMC
TSM
$2.18T
$2.44M 1.42%
120,742
-642,987
-84% -$13.4M
TEI
20
Templeton Emerging Markets Income Fund
TEI
$318M
$2.4M 1.39%
+188,288
New +$2.53M
HPS
21
John Hancock Preferred Income Fund III
HPS
$462M
$2.37M 1.38%
+135,435
New +$2.38M
BIDU icon
22
Baidu
BIDU
$36.6B
$2.34M 1.36%
10,715
-46,943
-81% -$9.92M
CF icon
23
CF Industries
CF
$19.6B
$2.04M 1.19%
+36,510
New +$1.85M
MHD icon
24
BlackRock MuniHoldings Fund
MHD
$607M
$2.03M 1.18%
126,170
+40,475
+47% +$647K
CX icon
25
Cemex
CX
$18.4B
$1.92M 1.11%
165,205
-629,563
-79% -$7.31M
1
2 3 4 5

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Newgate Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Newgate Capital Management held 125 positions worth $172M, down 55% from $382M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Newgate Capital Management withdrew a net $204M in Q3 2014, closing 25 positions and reducing 70 holdings. Its most notable exit was VOYA NATURAL RESOURCES EQUITY INCOME FUND, an estimated $7.59M position sold in full.

By sector, the portfolio is most concentrated in Materials at 10% of assets, down from 18% a quarter earlier, followed by Energy and Financials.

Against the trend, Newgate Capital Management opened a new position in abrdn Asia-Pacific Income Fund worth $3M.

  • Newgate Capital Management's largest Q3 2014 buy was abrdn Asia-Pacific Income Fund: 84,850 shares worth $3M.
  • Newgate Capital Management added most to AllianceBernstein Global High Income Fund in Q3 2014, an estimated $3.51M increase.
  • Newgate Capital Management's biggest Q3 2014 reduction was TSMC, cutting an estimated $13.4M.
  • Newgate Capital Management fully exited VOYA NATURAL RESOURCES EQUITY INCOME FUND in Q3 2014, selling an estimated $7.59M.
  • Newgate Capital Management's ten largest holdings make up 40% of its $172M portfolio in Q3 2014.
  • Newgate Capital Management opened 19 new positions and closed 25 in Q3 2014.
  • Newgate Capital Management's portfolio value fell 55% quarter-over-quarter to $172M.

Based on Newgate Capital Management's 13F filing for Q3 2014, filed 9 Oct 2014.