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Shoals Capital Management Portfolio holdings

AUM $21.5M
1-Year Est. Return 38.8%
This Fund
S&P 500
This Quarter Est. Return
-42.74%
1 Year Est. Return
-38.8%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$21.5M
AUM Growth
-$80.7M
Cap. Flow
-$84M
Cap. Flow %
-390.36%
Top 10 Hldgs %
100%
Holding
16
New
1
Increased
–
Reduced
1
Closed
14

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
CONE
CyrusOne Inc Common Stock
CONE
+$10.5M
2
BPOP icon
Popular Inc
BPOP
+$9.99M
3
RPT
Rithm Property Trust
RPT
+$9.63M
4
OCSL icon
Oaktree Specialty Lending
OCSL
+$8.22M
5
HWC icon
Hancock Whitney
HWC
+$8.12M

Sector Composition

Rank Sector Weight
1 Miscellaneous 54.44%
2 Real Estate 45.56%
3 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$818B
$11.7M 54.44%
+17,500
New +$5.34M
JCAP
2
DELISTED
Jernigan Capital, Inc.
JCAP
$9.81M 45.56%
894,861
-205,139
-19% -$3.61M
BPOP icon
3
Popular Inc
BPOP
$10.9B
– –
-170,000
Closed -$9.99M
FBP icon
4
First Bancorp
FBP
$4.34B
– –
-750,000
Closed -$7.94M
HWC icon
5
Hancock Whitney
HWC
$6.06B
– –
-185,000
Closed -$8.12M
HYG icon
6
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
– –
-10,000
Closed -$375K
IWM icon
7
PUT
iShares Russell 2000 ETF
IWM
$81B
– –
-6,750
Closed -$108K
KRE icon
8
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.2B
– –
-16,250
Closed -$236K
LXP icon
9
LXP Industrial Trust
LXP
$3.58B
– –
-152,000
Closed -$8.07M
OCSL icon
10
Oaktree Specialty Lending
OCSL
$1.16B
– –
-501,672
Closed -$8.22M
RPT
11
Rithm Property Trust
RPT
$99.6M
– –
-112,126
Closed -$9.63M
CONE
12
DELISTED
CyrusOne Inc Common Stock
CONE
– –
-160,000
Closed -$10.5M
QTS.PRB
13
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
– –
-50,000
Closed -$6.46M
MDLY
14
DELISTED
Medley Management Inc
MDLY
– –
-11,200
Closed -$332K
COWN
15
DELISTED
Cowen Inc. Class A Common Stock
COWN
– –
-184,103
Closed -$2.9M

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Shoals Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Shoals Capital Management held 16 positions worth $21.5M, down 79% from $102M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Shoals Capital Management withdrew a net $84M in Q1 2020, closing 14 positions and reducing 1 holding. Its most notable exit was CyrusOne Inc Common Stock, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 54% of assets, up from 15% a quarter earlier, followed by Real Estate and Financials.

  • Shoals Capital Management's biggest Q1 2020 reduction was Jernigan Capital, Inc., cutting an estimated $3.61M.
  • Shoals Capital Management fully exited CyrusOne Inc Common Stock in Q1 2020, selling an estimated $10.5M.
  • Shoals Capital Management's ten largest holdings make up 100% of its $21.5M portfolio in Q1 2020.
  • Shoals Capital Management opened 1 new position and closed 14 in Q1 2020.
  • Shoals Capital Management's portfolio value fell 79% quarter-over-quarter to $21.5M.

Based on Shoals Capital Management's 13F filing for Q1 2020, filed 13 May 2020.