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TFMS

Trust & Fiduciary Management Services Portfolio holdings

AUM $126M
1-Year Est. Return 9.97%
This Fund
S&P 500
This Quarter Est. Return
-1.4%
1 Year Est. Return
-9.97%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$126M
AUM Growth
-$6M
Cap. Flow
-$4.29M
Cap. Flow %
-3.41%
Top 10 Hldgs %
45.54%
Holding
46
New
5
Increased
5
Reduced
27
Closed
8

Top Buys

1
ETP
Energy Transfer Partners L.p.
ETP
+$6.53M
2
JPI
Nuveen Preferred Securities & Income Opportunities Fund
JPI
+$5.26M
3
JPS
Nuveen Preferred & Income Securities Fund
JPS
+$5.19M
4
EPD icon
Enterprise Products Partners
EPD
+$5.08M
5
KMI.PRA
Kinder Morgan, Inc.
KMI.PRA
+$4.33M

Top Sells

1
CLMT icon
Calumet Specialty Products
CLMT
+$3.79M
2
NTI
NORTHERN TIER ENERGY LP CLASS A
NTI
+$3.06M
3
KKR icon
KKR & Co
KKR
+$2.86M
4
NRF
NorthStar Realty Finance Corp.
NRF
+$2.49M
5
ARCC icon
Ares Capital
ARCC
+$2.22M

Sector Composition

1 Real Estate 25.36%
2 Financials 12.98%
3 Energy 11.58%
4 Industrials 6.08%
5 Communication Services 3.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SFL icon
1
SFL Corp
SFL
$1.5B
$7.32M 5.81%
441,545
-7,569
-2% -$127K
ARI
2
Apollo Commercial Real Estate
ARI
$919M
$6.69M 5.32%
388,448
-12,937
-3% -$221K
STWD icon
3
Starwood Property Trust
STWD
$6.34B
$6.32M 5.02%
307,418
-9,167
-3% -$188K
ETP
4
DELISTED
Energy Transfer Partners L.p.
ETP
$5.61M 4.46%
+166,355
New +$6.53M
JPC icon
5
Nuveen Preferred & Income Opportunities Fund
JPC
$2.94B
$5.41M 4.3%
591,042
-10,892
-2% -$99.6K
FPF
6
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.1B
$5.32M 4.23%
250,299
+107,828
+76% +$2.32M
JPS
7
DELISTED
Nuveen Preferred & Income Securities Fund
JPS
$5.22M 4.15%
+572,988
New +$5.19M
SVC
8
Service Properties Trust
SVC
$1.13B
$5.22M 4.14%
39,913
-3,352
-8% -$451K
JPI
9
DELISTED
Nuveen Preferred Securities & Income Opportunities Fund
JPI
$5.22M 4.14%
+229,199
New +$5.26M
EPD icon
10
Enterprise Products Partners
EPD
$82.2B
$5M 3.97%
+195,677
New +$5.08M
FTR
11
DELISTED
Frontier Communications Corp.
FTR
$4.82M 3.83%
68,844
+19,395
+39% +$1.44M
TNH
12
DELISTED
Terra Nitrogen
TNH
$4.68M 3.72%
46,086
-671
-1% -$71.6K
EPR icon
13
EPR Properties
EPR
$4.76B
$4.5M 3.58%
77,030
-1,616
-2% -$90.2K
FUN icon
14
Cedar Fair
FUN
$1.94B
$4.39M 3.49%
78,677
+27,269
+53% +$1.51M
ARCC icon
15
Ares Capital
ARCC
$13.8B
$4.17M 3.32%
292,960
-146,379
-33% -$2.22M
KMI.PRA
16
DELISTED
Kinder Morgan, Inc.
KMI.PRA
$4.16M 3.3%
+103,238
New +$4.33M
STON
17
DELISTED
StoneMor Inc.
STON
$4.07M 3.23%
152,276
-3,284
-2% -$93.7K
RITM icon
18
Rithm Capital
RITM
$5.26B
$3.46M 2.75%
284,473
-12,426
-4% -$153K
MTGE
19
DELISTED
MTGE Investment Corp. Common Stock
MTGE
$3.03M 2.41%
189,493
– –
VER
20
DELISTED
VEREIT, Inc.
VER
$2.95M 2.34%
74,467
-3,519
-5% -$144K
PSEC icon
21
Prospect Capital
PSEC
$1.17B
$2.91M 2.31%
416,550
+5,143
+1% +$37.3K
VTA
22
DELISTED
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
VTA
$2.84M 2.25%
268,800
+124,744
+87% +$1.33M
MMLP icon
23
Martin Midstream Partners
MMLP
$93.5M
$2.8M 2.22%
128,868
-66,079
-34% -$1.66M
KKR icon
24
KKR & Co
KKR
$92.3B
$2.44M 1.94%
156,654
-167,246
-52% -$2.86M
FSK icon
25
FS KKR Capital
FSK
$3.11B
$2.36M 1.88%
65,752
-1,772
-3% -$68.2K
1
2

Similar funds

HCM
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CCM
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RCM
Riverloft Capital Management Miami Beach, Florida $148M AUM 4.56% 1-Year Est. Return
AIM
Ada Investment Management New York $148M AUM
SGH
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THP
Telegraph Hill Partners San Francisco, California $159M AUM
SPC
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QA
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Trust & Fiduciary Management Services's Q4 2015 Portfolio in Review

As of Q4 2015, Trust & Fiduciary Management Services held 46 positions worth $126M, down 4.5% from $132M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Trust & Fiduciary Management Services withdrew a net $4.29M in Q4 2015, closing 8 positions and reducing 27 holdings. Its most notable exit was NORTHERN TIER ENERGY LP CLASS A, an estimated $3.06M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 25% of assets, down from 29% a quarter earlier, followed by Financials and Energy.

Against the trend, Trust & Fiduciary Management Services opened a new position in Energy Transfer Partners L.p. worth $5.61M.

  • Trust & Fiduciary Management Services's largest Q4 2015 buy was Energy Transfer Partners L.p.: 166,355 shares worth $5.61M.
  • Trust & Fiduciary Management Services added most to First Trust Intermediate Duration Preferred & Income Fund in Q4 2015, an estimated $2.32M increase.
  • Trust & Fiduciary Management Services's biggest Q4 2015 reduction was Calumet Specialty Products, cutting an estimated $3.79M.
  • Trust & Fiduciary Management Services fully exited NORTHERN TIER ENERGY LP CLASS A in Q4 2015, selling an estimated $3.06M.
  • Trust & Fiduciary Management Services's ten largest holdings make up 46% of its $126M portfolio in Q4 2015.
  • Trust & Fiduciary Management Services opened 5 new positions and closed 8 in Q4 2015.
  • Trust & Fiduciary Management Services's portfolio value fell 4.5% quarter-over-quarter to $126M.

Based on Trust & Fiduciary Management Services's 13F filing for Q4 2015, filed 10 Feb 2016.