Managers / Q1 2019 · view latest →
EQUITEC SPECIALISTS, LLC
CIK 0001108829 · 111 WEST JACKSON BLVD, 20 TH FLOOR, CHICAGO, IL, 60604 · 312-692-5011
Reported Value
$524M
Q1 2019
Positions
98
Filings on Record
12
2019–present window
Filed
Apr 8, 2019
original filing
Summary
Equitec Specialists, LLC reported $524M in U.S.-listed holdings across 98 positions for Q1 2019.
The portfolio is heavily concentrated: Iridium Communications alone accounts for 21.2% of reported value.
Compared with Q4 2018, the fund opened 43 new positions and exited 22.
Portfolio Metrics
Turnover
+32.0%
vs prior filed quarter
Top-10 Concentration
+63.7%
share of reported value
Largest Position
+21.2%
Iridium Communications
New / Exited
43 / 22
positions this quarter
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
Portfolio Composition
By security type
- PUBLIC · 56.3% · $295M
- US DOMESTIC · 23.6% · $124M
- ADR · 8.6% · $45M
- Common Stock · 8.5% · $45M
- Other · 2.1% · $11M
- REIT · 0.9% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2018 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| COLFAX CORP | NEW | +128.3K | 128.3K | +$17M | $17M |
| HERBALIFE LTD | NEW | +11.01M | 11.01M | +$14M | $14M |
| ENERGIZER HLDGS INC NEW | NEW | +113.6K | 113.6K | +$11M | $11M |
| EURONET WORLDWIDE INC | NEW | +3.85M | 3.85M | +$8M | $8M |
| DANAHER CORPORATION | NEW | +5.8K | 5.8K | +$6M | $6M |
| DOMINION ENERGY INC | NEW | +108.6K | 108.6K | +$5M | $5M |
| DDOMINION ENERGY INC | NEW | +70.0K | 70.0K | +$5M | $5M |
| MELIMERCADOLIBRE INC | NEW | +10.4K | 10.4K | +$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019
69 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IRIDIUM COMMUNICATIONS INC | PERP PFD CNV B | 21.16% | $111M | 121.0K |
| 2 | CROWN CASTLE INTL CORP NEW | 6.875% CON PFD A | 7.89% | $41M | 34.9K |
| 3 | CITRIX SYS INC | NOTE 0.500% 4/1 | 7.64% | $40M | 28.23M |
| 4 | SEMPRA ENERGY | 6% PFD CONV A | 5.58% | $29M | 276.6K |
| 5 | EPR PPTYS | PFD C CNV 5.75% · CONV PFD 9% SR E | 4.97% | $26M | 809.9K |
| 6 | MICRON TECHNOLOGY INC | NOTE 2.125% 2/1 | 3.90% | $20M | 5.42M |
| 7 | 51JOB INC | NOTE 3.250% 4/1 | 3.47% | $18M | 10.00M |
| 8 | RAYONIER ADVANCED MATLS INC | PFD CV SER A | 3.27% | $17M | 173.7K |
| 9 | COLFAX CORP | UNIT 01/15/2022T | 3.26% | $17M | 128.3K |
| 10 | HERBALIFE LTD | NOTE 2.000% 8/1 | 2.61% | $14M | 11.01M |
| 11 | ENERGIZER HLDGS INC NEW | 7.5 MCNV PFD A | 2.11% | $11M | 113.6K |
| 12 | DTE ENERGY CO | UNIT 99/99/9999 | 2.04% | $11M | 192.9K |
| 13 | DHRDANAHER CORPORATION | 4.75 MND CV PFD · COM | 1.81% | $9M | 30.9K |
| 14 | RED HAT INC | NOTE 0.250%10/0 | 1.58% | $8M | 3.33M |
| 15 | EURONET WORLDWIDE INC | NOTE 1.500%10/0 | 1.44% | $8M | 3.85M |
| 16 | BECTON DICKINSON & CO | PFD SHS CONV A | 1.31% | $7M | 111.1K |
| 17 | LIVE NATION ENTERTAINMENT IN | NOTE 2.500% 5/1 | 1.12% | $6M | 3.22M |
| 18 | SOUTH JERSEY INDS INC | UNIT 99/99/9999 | 1.10% | $6M | 111.6K |
| 19 | DOMINION ENERGY INC | UNIT 08/15/2019 | 1.03% | $5M | 108.6K |
| 20 | NABORS INDUSTRIES LTD | 6% PFD CNV SR A | 0.63% | $3M | 122.1K |
| 21 | AMERICAN ELEC PWR CO INC | UNIT 03/15/2022 | 0.60% | $3M | 60.9K |
| 22 | CENTERPOINT ENERGY INC | DEP RP PFD CV B | 0.60% | $3M | 59.1K |
| 23 | BXCBLUELINX HLDGS INC | COM NEW | 0.57% | $3M | 111.7K |
| 24 | TESLA INC | NOTE 1.250% 3/0 | 0.49% | $3M | 2.50M |
| 25 | RESTORATION HARDWARE HLDGS I | NOTE 6/1 | 0.48% | $3M | 2.52M |
| 26 | RILYB RILEY FINL INC | COM | 0.42% | $2M | 131.9K |
| 27 | STARWOOD WAYPOINT RESIDENTL | NOTE 3.000% 7/0 | 0.37% | $2M | 1.46M |
| 28 | HOSTESS BRANDS INC | *W EXP 11/04/202 | 0.32% | $2M | 1.31M |
| 29 | LIBERTY MEDIA CORP | DEB 3.500% 1/1 | 0.31% | $2M | 3.80M |
| 30 | HC2 HLDGS INC | COM | 0.27% | $1M | 580.6K |
| 31 | BWEURBABCOCK & WILCOX ENTERPRIS I | COM | 0.27% | $1M | 3.40M |
| 32 | NATIONAL HOLDINGS CORP | COM NEW | 0.22% | $1M | 382.5K |
| 33 | NEW SR INVT GROUP INC | COM | 0.20% | $1M | 194.5K |
| 34 | AMERICAN INTL GROUP INC | *W EXP 01/19/202 | 0.17% | $892,000 | 159.0K |
| 35 | ANI PHARMACEUTICALS INC | NOTE 3.000%12/0 | 0.17% | $879,000 | 800.0K |
| 36 | KHCKRAFT HEINZ CO | COM | 0.15% | $803,000 | 24.6K |
| 37 | UPBDRENT A CTR INC NEW | COM | 0.14% | $747,000 | 35.8K |
| 38 | MAGNOLIA OIL & GAS CORP | *W EXP 07/31/202 | 0.14% | $730,000 | 215.4K |
| 39 | MMDMMODERN MEDIA ACQUISITION | COM · *W EXP 05/17/202 | 0.12% | $627,000 | 70.3K |
| 40 | VIRTUS INVT PARTNERS INC | PFD CV SER D | 0.10% | $503,000 | 5.6K |
| 41 | LINDBLAD EXPEDITIONS HLDGS I | *W EXP 07/08/202 | 0.07% | $354,000 | 77.5K |
| 42 | XNCRXENCOR INC | COM | 0.06% | $324,000 | 10.4K |
| 43 | VECTOR GROUP LTD | COM | 0.06% | $303,000 | 28.1K |
| 44 | NIONIO INC | SPON ADS | 0.05% | $286,000 | 56.0K |
| 45 | TMCXTRINITY MERGER CORP | COM CL A · *W EXP 05/11/202 | 0.05% | $274,000 | 75.0K |
| 46 | FORTIVE CORP | 5% PFD CNV SER A | 0.05% | $265,000 | 253 |
| 47 | GENERAL MTRS CO | *W EXP 07/10/201 | 0.05% | $246,000 | 12.6K |
| 48 | MOSAIC ACQUISITION CORP | UNIT 99/99/9999 | 0.04% | $234,000 | 22.7K |
| 49 | GENERAL ELECTRIC CO | COM | 0.04% | $230,000 | 23.0K |
| 50 | CHURCHILL CAP CORP | *W EXP 09/11/202 | 0.04% | $229,000 | 67.9K |
| 51 | ALEXANDRIA REAL ESTATE EQ IN | PFD CONV SER D | 0.04% | $217,000 | 5.7K |
| 52 | PTBPOTBELLY CORP | COM | 0.03% | $161,000 | 18.9K |
| 53 | U S WELL SVCS INC | *W EXP 03/15/202 | 0.02% | $86,000 | 85.1K |
| 54 | THUNDER BRIDGE ACQUISITION L | *W EXP 01/01/202 | 0.01% | $36,000 | 50.0K |
| 55 | MUDRICK CAP ACQUISITION CORP | *W EXP 02/12/202 | 0.01% | $35,000 | 63.2K |
| 56 | SENTINEL ENERGY SVCS INC | *W EXP 11/02/202 | 0.00% | $26,000 | 38.8K |
| 57 | FORUM MERGER II CORP | *W EXP 09/30/202 | 0.00% | $22,000 | 50.0K |
| 58 | TARGET HOSPITALITY CORP | *W EXP 03/15/202 | 0.00% | $21,000 | 13.5K |
| 59 | BLINK CHARGING CO | *W EXP 01/31/202 | 0.00% | $19,000 | 15.8K |
| 60 | GTY TECHNOLOGY HOLDINGS INC | *W EXP 02/19/202 | 0.00% | $19,000 | 31.7K |
| 61 | LF CAP ACQUISITION CORP | *W EXP 06/22/202 | 0.00% | $18,000 | 50.0K |
| 62 | GRAF INDL CORP | *W EXP 12/31/202 | 0.00% | $17,000 | 50.0K |
| 63 | AMCI ACQUISITION CORP | *W EXP 05/20/202 | 0.00% | $15,000 | 55.0K |
| 64 | LEGACY ACQUISITION CORP | *W EXP 11/30/202 | 0.00% | $15,000 | 50.0K |
| 65 | GIGCAPITAL INC | *W EXP 06/08/202 | 0.00% | $14,000 | 50.0K |
| 66 | VECTOIQ ACQUISITION CORP | *W EXP 05/11/202 | 0.00% | $13,000 | 29.3K |
| 67 | OPES ACQUISITION CORP | *W EXP 03/13/202 | 0.00% | $12,000 | 50.0K |
| 68 | TRIDENT ACQUISITIONS CORP | *W EXP 05/09/202 | 0.00% | $10,000 | 59.9K |
| 69 | JENSYN ACQUISITION CORP | *W EXP 03/07/202 | 0.00% | $2,000 | 25.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2021 | Under review | 2 | Jul 20, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $519M | 245 | Apr 19, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $1.7B | 219 | Jan 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $893M | 168 | Oct 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $662M | 142 | Jul 20, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $436M | 122 | Apr 23, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $363M | 145 | Jan 17, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $434M | 140 | Nov 1, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2019 | $384M | 141 | Jul 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $524M | 98 | Apr 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $360M | 80 | Jan 30, 2019 | 13F-HR | changes · 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 ↗.