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Opera Trading Capital Portfolio holdings

AUM $419M
1-Year Est. Return 0.58%
This Fund
S&P 500
This Quarter Est. Return
-0.33%
1 Year Est. Return
+0.58%
3 Year Est. Return
+11.35%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$419M
AUM Growth
-$111M
Cap. Flow
-$328M
Cap. Flow %
-78.26%
Top 10 Hldgs %
38.61%
Holding
196
New
19
Increased
10
Reduced
16
Closed
109

Top Buys

Rank Stock Value
1
FTV.PRA
Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A
FTV.PRA
+$12.8M
2
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$7.54M
3
SODA
SodaStream International Ltd
SODA
+$6.34M
4
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$5.79M
5
SJIU
South Jersey Industries, Inc.
SJIU
+$3.1M

Top Sells

Rank Stock Value
1
HES.PRA
Hess Corporation
HES.PRA
+$8.63M
2
IFFT
International Flavors & Fragrances Inc. 6.00% Tangible Equity Units
IFFT
+$8.21M
3
DTV
DTE Energy Company 2016 Corporate Units
DTV
+$8.01M
4
EVHC
Envision Healthcare Holdings Inc
EVHC
+$7.86M
5
IWM icon
iShares Russell 2000 ETF
IWM
+$7.32M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 2.2%
2 Healthcare 0.79%
3 Real Estate 0.39%
4 Consumer Staples 0.25%
5 Industrials 0.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GGN
26
GAMCO Global Gold, Natural Resources & Income Trust
GGN
$748M
$573K 0.14%
+154,892
New +$641K
TBT icon
27
ProShares Trust UltraShort Lehman 20+ Year Treasury
TBT
$286M
$562K 0.13%
16,000
+4,000
+33% +$156K
ARMK icon
28
Aramark
ARMK
$15.1B
$521K 0.12%
+24,930
New +$647K
UPS icon
29
United Parcel Service
UPS
$97.2B
$429K 0.1%
4,400
-200
-4% -$21.7K
EEM icon
30
iShares MSCI Emerging Markets ETF
EEM
$28.4B
$410K 0.1%
10,500
-500
-5% -$20K
TGT icon
31
Target
TGT
$64.4B
$397K 0.09%
+6,000
New +$462K
XLE icon
32
State Street Energy Select Sector SPDR ETF
XLE
$38.3B
$300K 0.07%
14,230
– –
PTY icon
33
PIMCO Corporate & Income Opportunity Fund
PTY
$2.51B
$287K 0.07%
+18,689
New +$302K
ABEV icon
34
Ambev
ABEV
$47.3B
$286K 0.07%
73,000
+13,000
+22% +$55.5K
CPRI icon
35
Capri Holdings
CPRI
$1.89B
$284K 0.07%
7,500
– –
MDLZ icon
36
Mondelez International
MDLZ
$77.4B
$260K 0.06%
6,500
-500
-7% -$21.3K
XLI icon
37
State Street Industrial Select Sector SPDR ETF
XLI
$33.4B
$252K 0.06%
3,905
– –
IWD icon
38
iShares Russell 1000 Value ETF
IWD
$81.9B
$222K 0.05%
2,000
-1,000
-33% -$120K
MAR icon
39
Marriott International
MAR
$97.4B
$152K 0.04%
+1,400
New +$161K
NKE icon
40
Nike
NKE
$64.4B
$148K 0.04%
+2,000
New +$150K
DIS icon
41
Walt Disney
DIS
$168B
$137K 0.03%
+1,250
New +$142K
XOP icon
42
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.33B
$133K 0.03%
1,251
-4,549
-78% -$636K
COTY icon
43
Coty
COTY
$2.33B
$105K 0.03%
16,000
-8,000
-33% -$73.8K
KNTK icon
44
Kinetik
KNTK
$3.75B
$103K 0.02%
+1,330
New +$121K
SBUX icon
45
Starbucks
SBUX
$121B
$97K 0.02%
+1,500
New +$93.9K
SKYY icon
46
First Trust Cloud Computing ETF
SKYY
$2.82B
$89K 0.02%
1,840
-14,160
-89% -$726K
HACK icon
47
Amplify Cybersecurity ETF
HACK
$2.79B
$85K 0.02%
+2,535
New +$90.7K
HYG icon
48
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.4B
$51K 0.01%
17,500
-2,500
-13% -$209K
XLF icon
49
State Street Financial Select Sector SPDR ETF
XLF
$55.5B
$45K 0.01%
1,899
– –
FINX icon
50
Global X FinTech ETF
FINX
$170M
$39K 0.01%
+1,782
New +$43.8K
1
2
3 4 5

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Opera Trading Capital's Q4 2018 Portfolio in Review

As of Q4 2018, Opera Trading Capital held 196 positions worth $419M, down 21% from $530M the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Opera Trading Capital withdrew a net $328M in Q4 2018, closing 109 positions and reducing 16 holdings. Its most notable exit was Hess Corporation, an estimated $8.63M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 2.2% of assets, up from 1.1% a quarter earlier, followed by Healthcare and Real Estate.

Against the trend, Opera Trading Capital opened a new position in Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A worth $11.8M.

  • Opera Trading Capital's largest Q4 2018 buy was Fortive Corporation 5.00% Mandatory Convertible Preferred Stock, Series A: 13,000 shares worth $11.8M.
  • Opera Trading Capital added most to SodaStream International Ltd in Q4 2018, an estimated $6.34M increase.
  • Opera Trading Capital's biggest Q4 2018 reduction was DTE Energy Company 2016 Corporate Units, cutting an estimated $8.01M.
  • Opera Trading Capital fully exited Hess Corporation in Q4 2018, selling an estimated $8.63M.
  • Opera Trading Capital's ten largest holdings make up 39% of its $419M portfolio in Q4 2018.
  • Opera Trading Capital opened 19 new positions and closed 109 in Q4 2018.
  • Opera Trading Capital's portfolio value fell 21% quarter-over-quarter to $419M.

Based on Opera Trading Capital's 13F filing for Q4 2018, filed 22 Jan 2019.