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Talkot Capital Portfolio holdings

AUM $73.7M
1-Year Est. Return 8.5%
This Fund
S&P 500
This Quarter Est. Return
+1.07%
1 Year Est. Return
+8.5%
3 Year Est. Return
+13.18%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$13.8M
Cap. Flow
-$13.5M
Cap. Flow %
-11.41%
Top 10 Hldgs %
87.31%
Holding
29
New
3
Increased
9
Reduced
6
Closed
9

Top Buys

Rank Stock Value
1
NGHC
National General Holdings Corp
NGHC
+$8.53M
2
CYS
CYS Investments Inc.
CYS
+$6.04M
3
NMIH icon
NMI Holdings
NMIH
+$4.43M
4
IVR icon
Invesco Mortgage Capital
IVR
+$3.15M
5
HTS
HATTERAS FINANCIAL CORP
HTS
+$2.33M

Top Sells

Rank Stock Value
1
TWO
Two Harbors Investment
TWO
+$11.9M
2
AGO icon
Assured Guaranty
AGO
+$9.44M
3
NRF
NorthStar Realty Finance Corp.
NRF
+$8.51M
4
RITM icon
Rithm Capital
RITM
+$3.64M
5
MFA
MFA Financial
MFA
+$3.5M

Sector Composition

Rank Sector Weight
1 Financials 38.49%
2 Real Estate 25.76%
3 Healthcare 7.41%
4 Energy 4.28%
5 Materials 3.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TWO
26
Two Harbors Investment
TWO
$1.27B
– –
-160,813
Closed -$11.9M
VOYA icon
27
Voya Financial
VOYA
$8.94B
– –
-25,500
Closed -$896K
GSV
28
DELISTED
Gold Standard Ventures Corp.
GSV
– –
-60,057
Closed -$37K
NRF
29
DELISTED
NorthStar Realty Finance Corp.
NRF
– –
-322,101
Closed -$8.51M
1
2

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Talkot Capital's Q1 2014 Portfolio in Review

As of Q1 2014, Talkot Capital held 29 positions worth $119M, down 10% from $132M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Talkot Capital withdrew a net $13.5M in Q1 2014, closing 9 positions and reducing 6 holdings. Its most notable exit was Two Harbors Investment, an estimated $11.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 38% of assets, up from 33% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Talkot Capital opened a new position in National General Holdings Corp worth $8.47M.

  • Talkot Capital's largest Q1 2014 buy was National General Holdings Corp: 605,357 shares worth $8.47M.
  • Talkot Capital added most to CYS Investments Inc. in Q1 2014, an estimated $6.04M increase.
  • Talkot Capital's biggest Q1 2014 reduction was VanEck Junior Gold Miners ETF, cutting an estimated $1.18M.
  • Talkot Capital fully exited Two Harbors Investment in Q1 2014, selling an estimated $11.9M.
  • Talkot Capital's ten largest holdings make up 87% of its $119M portfolio in Q1 2014.
  • Talkot Capital opened 3 new positions and closed 9 in Q1 2014.
  • Talkot Capital's portfolio value fell 10% quarter-over-quarter to $119M.

Based on Talkot Capital's 13F filing for Q1 2014, filed 13 May 2014.