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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
(-10%)
Cap. Flow
-$13.5M
Cap. Flow
% of AUM
-11.41%
Top 10 Holdings %
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 |
NMI Holdings
NMIH
|
+$4.43M |
| 4 |
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 |
Assured Guaranty
AGO
|
+$9.44M |
| 3 |
NRF
NorthStar Realty Finance Corp.
NRF
|
+$8.51M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
HTS
1
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $21.6M | 18.2% |
1,144,585
+125,155
| +12% | +$2.33M |
|
2
Walker & Dunlop
WD
$1.66B
| $19M | 16.04% |
1,163,115
-51,720
| -4% | -$811K |
|
|
DX
3
Dynex Capital
DX
$2.8B
| $11.7M | 9.85% |
435,028
| – | – |
|
|
4
NMI Holdings
NMIH
$3.18B
| $10M | 8.43% |
853,078
+373,078
| +78% | +$4.43M |
|
|
AMPE
5
DELISTED
Ampio Pharmaceuticals Inc.
AMPE
| $8.79M | 7.41% |
4,613
-281
| -6% | -$664K |
|
|
NGHC
6
DELISTED
National General Holdings Corp
NGHC
| $8.47M | 7.15% |
+605,357
| New | +$8.53M |
|
|
RSO
7
DELISTED
Resource Capital Corp.
RSO
| $6.89M | 5.81% |
309,125
-7,550
| -2% | -$178K |
|
|
CYS
8
DELISTED
CYS Investments Inc.
CYS
| $6.32M | 5.33% |
764,598
+730,698
| +2,155% | +$6.04M |
|
|
PNX
9
DELISTED
PHOENIX COMPANIES INC. NEW
PNX
| $5.69M | 4.8% |
109,879
+19,587
| +22% | +$993K |
|
|
REN
10
DELISTED
Resolute Energy Corporaton
REN
| $5.08M | 4.28% |
141,000
+30,506
| +28% | +$1.27M |
|
|
SA
11
Seabridge Gold
SA
$2.84B
| $4.01M | 3.39% |
567,053
+25,748
| +5% | +$218K |
|
|
12
Invesco Mortgage Capital
IVR
$810M
| $3.96M | 3.34% |
24,075
+19,445
| +420% | +$3.15M |
|
|
IFT
13
DELISTED
IMPERIAL HLDGS INC COM STK (FL)
IFT
| $2.27M | 1.92% |
395,000
+284,546
| +258% | +$1.69M |
|
|
STSI
14
DELISTED
STAR SCIENTIFIC INC
STSI
| $1.37M | 1.16% |
1,750,000
+528,000
| +43% | +$459K |
|
15
AGNC Investment
AGNC
$12.4B
| $1.35M | 1.14% |
62,930
-37,070
| -37% | -$796K |
|
16
iShares Russell 2000 ETF
IWM
$82.4B
| $1.16M | 0.98% |
+10,000
| New | +$1.15M |
|
|
ACRE
17
Ares Commercial Real Estate
ACRE
$251M
| $335K | 0.28% |
+25,000
| New | +$335K |
|
18
VanEck Junior Gold Miners ETF
GDXJ
$7.01B
| $300K | 0.25% |
8,287
-30,713
| -79% | -$1.18M |
|
|
SGM
19
DELISTED
Stonegate Mortgage Corporation
SGM
| $186K | 0.16% |
12,511
-54,989
| -81% | -$834K |
|
|
SAND
20
DELISTED
Sandstorm Gold
SAND
| $84K | 0.07% |
15,000
| – | – |
|
|
21
Assured Guaranty
AGO
$3.78B
| – | – |
-400,300
| Closed | -$9.44M |
|
|
CHMI
22
Cherry Hill Mortgage Investment Corp
CHMI
$86.7M
| – | – |
-75,176
| Closed | -$1.34M |
|
|
MFA
23
MFA Financial
MFA
$944M
| – | – |
-124,050
| Closed | -$3.5M |
|
24
Paramount Gold Nevada
PZG
$96.9M
| – | – |
-386,000
| Closed | -$363K |
|
|
25
Rithm Capital
RITM
$5.11B
| – | – |
-272,200
| Closed | -$3.64M |
|
Similar funds
BCM
SSIA
LCP
PPCM
EDRI
TGI
SVP
LVP
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.