SEC 13F Intelligence

Managers / Q4 2018 · view latest →

EQUITEC SPECIALISTS, LLC

CIK 0001108829 · 111 WEST JACKSON BLVD, 20 TH FLOOR, CHICAGO, IL, 60604 · 312-692-5011

Reported Value
$360M
Q4 2018
Positions
80
Filings on Record
12
2019–present window
Filed
Jan 30, 2019
original filing

Summary

Equitec Specialists, LLC reported $360M in U.S.-listed holdings across 80 positions for Q4 2018.

The portfolio is heavily concentrated: Iridium Communications alone accounts for 20.8% of reported value.

Portfolio Metrics

Top-10 Concentration
+65.8%
share of reported value
Largest Position
+20.8%
Iridium Communications

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $360MQ4 ’18Q1 ’19: $524MQ2 ’19: $384MQ2 ’19Q3 ’19: $434MQ4 ’19: $363MQ4 ’19Q1 ’20: $436MQ2 ’20: $662MQ2 ’20Q3 ’20: $893MQ4 ’20: $1.7BQ4 ’20Q1 ’21: $519Mfilingsflow.com

Portfolio Composition

By security type
PUBLIC: 47.5%US DOMESTIC: 31.9%Common Stock: 10.9%ADR: 5.5%Other: 2.2%Other: 2.1%
  • PUBLIC · 47.5% · $171M
  • US DOMESTIC · 31.9% · $115M
  • Common Stock · 10.9% · $39M
  • ADR · 5.5% · $20M
  • Other · 2.2% · $8M
  • Other · 2.1% · $8M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
IRIDIUM COMMUNICATIONS INCNEW+118.6K118.6K+$75M$75M
MERCADOLIBRE INCNEW+12.40M12.40M+$29M$29M
RED HAT INCNEW+8.83M8.83M+$21M$21M
VECTOR GROUP LTDNEW+18.88M18.88M+$19M$19M
BABAALIBABA GROUP HLDG LTDNEW+127.3K127.3K+$17M$17M
EPR PPTYSNEW+626.9K626.9K+$17M$17M
RAYONIER ADVANCED MATLS INCNEW+173.1K173.1K+$14M$14M
MICRON TECHNOLOGY INCNEW+4.00M4.00M+$13M$13M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IRIDIUM COMMUNICATIONS INCPERP PFD CNV B20.83%$75M118.6K
2MERCADOLIBRE INCNOTE 2.250% 7/08.00%$29M12.40M
3MICRON TECHNOLOGY INCNOTE 3.125% 5/0 · NOTE 2.125% 2/1 · NOTE 3.000%11/16.88%$25M9.59M
4RED HAT INCNOTE 0.250%10/05.83%$21M8.83M
5VECTOR GROUP LTDFRNT 1/1 · COM5.72%$21M19.00M
6EPR PPTYSPFD C CNV 5.75% · CONV PFD 9% SR E5.19%$19M679.5K
7RAYONIER ADVANCED MATLS INCPFD CV SER A3.96%$14M173.1K
8HESS CORPDEP PDF SR A3.43%$12M248.4K
9CROWN CASTLE INTL CORP NEW6.875% CON PFD A3.10%$11M10.6K
10DTE ENERGY COUNIT 99/99/99992.87%$10M199.6K
11CENTERPOINT ENERGY INCDEP RP PFD CV B2.52%$9M180.0K
12BECTON DICKINSON & COPFD SHS CONV A2.37%$9M148.0K
13CITRIX SYS INCNOTE 0.500% 4/11.79%$6M4.54M
1451JOB INCNOTE 3.250% 4/11.22%$4M3.00M
15NABORS INDUSTRIES LTD6% PFD CNV SR A1.13%$4M226.8K
16QTS RLTY TR INC6.50% CON PFD B1.09%$4M41.8K
17SEMPRA ENERGY6% PFD CONV A1.04%$4M39.5K
18REPLIGEN CORPNOTE 2.125% 6/01.04%$4M2.20M
19BXCBLUELINX HLDGS INCCOM NEW0.89%$3M129.3K
20VIRTUS INVT PARTNERS INCPFD CV SER D0.69%$2M32.6K
21NOVELLUS SYS INCNOTE 2.625% 5/10.69%$2M600.0K
22ILLUMINA INCNOTE 6/10.68%$2M2.00M
23TEVATEVA PHARMACEUTICAL INDS LTDSPONSORED ADR0.57%$2M132.5K
24LIBERTY MEDIA CORPDEB 3.500% 1/10.49%$2M5.00M
25HOSTESS BRANDS INC*W EXP 11/04/2020.36%$1M1.39M
26LIVE NATION ENTERTAINMENT INNOTE 2.500% 5/10.33%$1M831.0K
27AIGAMERICAN INTL GROUP INCCOM NEW · *W EXP 01/19/2020.26%$941,00045.5K
28REDWOOD TR INCNOTE 4.750% 8/10.25%$916,0001.00M
29SOUTH JERSEY INDS INCUNIT 99/99/99990.25%$898,00019.1K
30NEW SR INVT GROUP INCCOM0.22%$801,000194.5K
31RILYB RILEY FINL INCCOM0.22%$780,00054.9K
32BWEURBABCOCK & WILCOX ENTERPRIS ICOM0.19%$681,0001.74M
33MMDMMODERN MEDIA ACQUISITIONCOM0.17%$615,00060.3K
34MAGNOLIA OIL & GAS CORP*W EXP 07/31/2020.17%$597,000197.0K
35EL PASO ENERGY CAP TR IPFD CV TR SECS0.13%$453,00010.8K
36AMZNAMAZON COM INCCOM0.13%$451,000300
37LINDBLAD EXPEDITIONS HLDGS I*W EXP 07/08/2020.12%$419,000130.6K
38XNCRXENCOR INCCOM0.10%$355,0009.8K
39GENERAL MTRS CO*W EXP 07/10/2010.07%$268,00016.9K
40MOSAIC ACQUISITION CORPUNIT 99/99/99990.07%$251,00024.8K
41TMCXTRINITY MERGER CORPCOM CL A0.07%$250,00025.0K
42GENERAL ELECTRIC COCOM0.07%$238,00031.4K
43PTBPOTBELLY CORPCOM0.05%$188,00023.3K
44GOGOGOGO INCCOM0.05%$164,00054.8K
45HC2 HLDGS INCCOM0.02%$71,00027.0K
46GTY TECHNOLOGY HOLDINGS INC*W EXP 10/25/2020.01%$22,00028.4K
47DEL TACO RESTAURANTS INC*W EXP 06/30/2020.00%$15,00013.5K
48DASEKE INC*W EXP 02/27/2020.00%$3,00018.0K
49JENSYN ACQUISITION CORP*W EXP 03/07/2020.00%$2,00025.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2021Under review2Jul 20, 202113F-HRchanges · EDGAR ↗
Q1 2021$519M245Apr 19, 202113F-HRchanges · EDGAR ↗
Q4 2020$1.7B219Jan 26, 202113F-HRchanges · EDGAR ↗
Q3 2020$893M168Oct 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$662M142Jul 20, 202013F-HRchanges · EDGAR ↗
Q1 2020$436M122Apr 23, 202013F-HRchanges · EDGAR ↗
Q4 2019$363M145Jan 17, 202013F-HRchanges · EDGAR ↗
Q3 2019$434M140Nov 1, 2019RESTATEMENTchanges · EDGAR ↗
Q2 2019$384M141Jul 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$524M98Apr 8, 201913F-HRchanges · EDGAR ↗
Q4 2018$360M80Jan 30, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.