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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
Cap. Flow
-$24.4M
Cap. Flow %
-21.96%
Top 10 Hldgs %
50.16%
Holding
117
New
21
Increased
25
Reduced
39
Closed
27

Top Buys

Rank Stock Value
1
PZA icon
Invesco National AMT-Free Municipal Bond ETF
PZA
+$2.48M
2
HYD icon
VanEck High Yield Muni ETF
HYD
+$1.77M
3
BOE icon
BlackRock Enhanced Global Dividend Trust
BOE
+$1.66M
4
AWP
abrdn Global Premier Properties Fund
AWP
+$1.43M
5
BWX icon
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
JQC icon
Nuveen Credit Strategies Income Fund
JQC
+$3.22M
5
DSU icon
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
JQC icon
1
Nuveen Credit Strategies Income Fund
JQC
$708M
$10.2M 9.15%
1,295,189
-425,757
-25% -$3.22M
DSU icon
2
BlackRock Debt Strategies Fund
DSU
$600M
$8M 7.19%
772,455
-288,461
-27% -$2.87M
FAX
3
abrdn Asia-Pacific Income Fund
FAX
$609M
$7.38M 6.63%
247,634
-7,922
-3% -$220K
BRW
4
Saba Capital Income & Opportunities Fund
BRW
$341M
$5.94M 5.34%
592,380
+138,690
+31% +$1.34M
VTA
5
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$5.14M 4.63%
481,867
-144,496
-23% -$1.47M
CSQ icon
6
Calamos Strategic Total Return Fund
CSQ
$3.28B
$4.86M 4.37%
515,126
+34,368
+7% +$307K
VVR icon
7
Invesco Senior Income Trust
VVR
$460M
$4.73M 4.26%
1,179,018
+23,114
+2% +$89.3K
NSL
8
DELISTED
NUVEEN SENIOR INCM FD
NSL
$3.69M 3.32%
629,247
-231,187
-27% -$1.29M
TEI
9
Templeton Emerging Markets Income Fund
TEI
$318M
$2.96M 2.66%
288,000
-155,982
-35% -$1.51M
JSD
10
DELISTED
NUVEEN SHORT DURATION CREDIT OPPORTUNITIES FUND
JSD
$2.9M 2.61%
193,080
-62,757
-25% -$905K
NFJ
11
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$2.78M 2.5%
226,435
-12,895
-5% -$150K
AFB
12
AllianceBernstein National Municipal Income Fund
AFB
$316M
$2.55M 2.3%
177,513
+53,640
+43% +$755K
PZA icon
13
Invesco National AMT-Free Municipal Bond ETF
PZA
$4.22B
$2.49M 2.24%
+96,908
New +$2.48M
FRA icon
14
BlackRock Floating Rate Income Strategies Fund
FRA
$382M
$1.93M 1.74%
148,707
-23,333
-14% -$292K
NIO
15
DELISTED
NUVEEN MUNICIPAL OPPORTUNITY FUND INC
NIO
$1.8M 1.62%
122,830
+21,314
+21% +$311K
HYD icon
16
VanEck High Yield Muni ETF
HYD
$4.47B
$1.78M 1.6%
+28,445
New +$1.77M
BOE icon
17
BlackRock Enhanced Global Dividend Trust
BOE
$666M
$1.71M 1.54%
+145,508
New +$1.66M
BIDU icon
18
Baidu
BIDU
$36.6B
$1.53M 1.38%
8,017
-875
-10% -$149K
AWP
19
abrdn Global Premier Properties Fund
AWP
$379M
$1.53M 1.38%
+91,976
New +$1.43M
BWX icon
20
State Street SPDR Bloomberg International Treasury Bond ETF
BWX
$1.33B
$1.47M 1.32%
+52,730
New +$1.4M
NCV
21
Virtus Convertible & Income Fund
NCV
$384M
$1.47M 1.32%
67,127
+386
+0.6% +$7.81K
NEA icon
22
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.39B
$1.41M 1.27%
99,920
+4,894
+5% +$68.3K
KEP icon
23
Korea Electric Power
KEP
$15.2B
$1.33M 1.2%
51,657
-19,608
-28% -$448K
TSM icon
24
TSMC
TSM
$2.18T
$1.2M 1.08%
45,948
-8,439
-16% -$197K
NRK icon
25
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$914M
$1.19M 1.07%
88,845
-85,401
-49% -$1.13M
1
2 3 4 5

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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.