Managers / Q1 2020 · view latest →
EQUITEC SPECIALISTS, LLC
CIK 0001108829 · 111 WEST JACKSON BLVD, 20 TH FLOOR, CHICAGO, IL, 60604 · 312-692-5011
Reported Value
$436M
Q1 2020
Positions
122
Filings on Record
12
2019–present window
Filed
Apr 23, 2020
original filing
Summary
Equitec Specialists, LLC reported $436M in U.S.-listed holdings across 122 positions for Q1 2020.
Its largest position, Coupa Software, represents 8.6% of the portfolio.
Compared with Q4 2019, the fund opened 27 new positions and exited 55.
Portfolio Metrics
Turnover
+54.2%
vs prior filed quarter
Top-10 Concentration
+53.8%
share of reported value
Largest Position
+8.6%
Coupa Software
New / Exited
27 / 55
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
- US DOMESTIC · 46.4% · $202M
- Common Stock · 35.9% · $156M
- PUBLIC · 15.0% · $66M
- Other · 1.7% · $8M
- REIT · 0.9% · $4M
- ADR · 0.0% · $36,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TELADOC HEALTH INC | NEW | +10.19M | 10.19M | +$36M | $36M |
| BKNGBOOKING HLDGS INC | NEW | +23.3K | 23.3K | +$31M | $31M |
| PRICELINE GRP INC | NEW | +19.54M | 19.54M | +$22M | $22M |
| CYPRESS SEMICONDUCTOR CORP | NEW | +4.59M | 4.59M | +$8M | $8M |
| WORKDAY INC | NEW | +2.00M | 2.00M | +$3M | $3M |
| XIFRNEXTERA ENERGY PARTNERS LP | NEW | +36.0K | 36.0K | +$2M | $2M |
| DIAMOND EAGLE ACQUISITION CO | NEW | +124.8K | 124.8K | +$2M | $2M |
| COLFAX CORP | NEW | +62.2K | 62.2K | +$1M | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
68 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | COUPA SOFTWARE INC | NOTE 0.375% 1/1 | 8.55% | $37M | 12.00M |
| 2 | TELADOC HEALTH INC | NOTE 3.000%12/1 | 8.28% | $36M | 10.19M |
| 3 | RESTORATION HARDWARE HLDGS I | DBCV 7/1 | 7.64% | $33M | 31.52M |
| 4 | TESLA INC | NOTE 1.250% 3/0 | 7.23% | $32M | 20.51M |
| 5 | LIBERTY MEDIA CORP | DEB 3.500% 1/1 | 6.80% | $30M | 35.57M |
| 6 | PRICELINE GRP INC | NOTE 0.350% 6/1 | 4.96% | $22M | 19.54M |
| 7 | BECTON DICKINSON & CO | PFD SHS CONV A | 4.49% | $20M | 374.6K |
| 8 | CROWN CASTLE INTL CORP NEW | 6.875% CON PFD A | 2.56% | $11M | 8.9K |
| 9 | CYPRESS SEMICONDUCTOR CORP | NOTE 4.500% 1/1 | 1.79% | $8M | 4.59M |
| 10 | EPR PPTYS | PFD C CNV 5.75% · CONV PFD 9% SR E | 1.51% | $7M | 416.1K |
| 11 | COLFAX CORP | UNIT 01/15/2022T | 1.41% | $6M | 66.7K |
| 12 | AVANTOR INC | 6.25 PFD CNV SR | 1.18% | $5M | 119.0K |
| 13 | CLVTCLARIVATE ANALYTICS PLChistory → | COM | 1.11% | $5M | 233.3K |
| 14 | CENTERPOINT ENERGY INC | DEP RP PFD CV B | 0.99% | $4M | 149.6K |
| 15 | FORTIVE CORP | 5% PFD CNV SER A | 0.94% | $4M | 5.7K |
| 16 | WORKDAY INC | NOTE 1.500% 7/1 | 0.73% | $3M | 2.00M |
| 17 | ASSURANT INC | 6.50% CONV PFD D | 0.59% | $3M | 24.1K |
| 18 | DIAMOND EAGLE ACQUISITION CO | *W EXP 06/30/202 · COM CL A | 0.57% | $2M | 642.7K |
| 19 | NOVELLUS SYS INC | NOTE 2.625% 5/1 | 0.46% | $2M | 269.0K |
| 20 | DOMINION ENERGY INC | UNIT 99/99/9999 | 0.46% | $2M | 21.7K |
| 21 | AIGAMERICAN INTL GROUP INC | *W EXP 01/19/202 | 0.41% | $2M | 2.24M |
| 22 | HOSTESS BRANDS INC | *W EXP 11/04/202 | 0.34% | $1M | 2.63M |
| 23 | SEMPRA ENERGY | 6% PFD CONV A · 6.75% CNV PFD B | 0.34% | $1M | 16.0K |
| 24 | QTS RLTY TR INC | 6.50% CON PFD B | 0.27% | $1M | 9.2K |
| 25 | AVGOBROADCOM INC | COM | 0.16% | $682,000 | 2.9K |
| 26 | VIRGIN GALACTIC HOLDINGS INC | *W EXP 11/25/202 · COM | 0.14% | $621,000 | 70.9K |
| 27 | SOUTHERN CO | UNIT 08/01/2022 | 0.11% | $491,000 | 11.1K |
| 28 | DANAHER CORPORATION | 4.75 MND CV PFD | 0.09% | $392,000 | 379 |
| 29 | ENERGIZER HLDGS INC NEW | 7.5 MCNV PFD A | 0.08% | $342,000 | 5.0K |
| 30 | CARDTRONICS PLC | SHS CL A | 0.04% | $195,000 | 9.3K |
| 31 | BLNKBLINK CHARGING CO | *W EXP 01/31/202 · COM | 0.03% | $140,000 | 233.6K |
| 32 | NEXTERA ENERGY INC | UNIT 09/01/2022S | 0.03% | $135,000 | 2.8K |
| 33 | AGFIRST MAJESTIC SILVER CORP | COM | 0.03% | $118,000 | 19.1K |
| 34 | TTMITTM TECHNOLOGIES INC | COM | 0.03% | $110,000 | 10.6K |
| 35 | INFINERA CORP | COM | 0.02% | $103,000 | 19.5K |
| 36 | VECTOIQ ACQUISITION CORP | *W EXP 05/11/202 | 0.02% | $83,000 | 42.8K |
| 37 | RMG ACQUISITION CORP | *W EXP 02/21/202 | 0.01% | $64,000 | 103.0K |
| 38 | CHANGE HEALTHCARE INC | COM | 0.01% | $47,000 | 4.7K |
| 39 | SILVER SPIKE ACQUISITION COR | *W EXP 08/02/202 | 0.01% | $40,000 | 175.0K |
| 40 | NETFIN ACQUISITION CORP | *W EXP 08/01/202 | 0.01% | $39,000 | 100.0K |
| 41 | NIONIO INC | SPON ADS | 0.01% | $36,000 | 12.9K |
| 42 | AKERNA CORP | *W EXP 06/17/202 | 0.01% | $36,000 | 103.6K |
| 43 | TORTOISE ACQUISITION CORP | *W EXP 03/04/202 | 0.01% | $28,000 | 100.0K |
| 44 | AMCI ACQUISITION CORP | *W EXP 05/20/202 | 0.01% | $28,000 | 160.0K |
| 45 | LF CAP ACQUISITION CORP | *W EXP 06/22/202 | 0.00% | $20,000 | 109.5K |
| 46 | VERTIV HOLDINGS CO | *W EXP 06/12/202 | 0.00% | $18,000 | 10.1K |
| 47 | CYTKCYTOKINETICS INC | COM NEW | 0.00% | $16,000 | 1.4K |
| 48 | INTL GNRL INSURANCE HLDNGS L | *W EXP 03/17/202 | 0.00% | $16,000 | 37.5K |
| 49 | GIGCAPITAL2 INC | *W EXP 02/28/202 | 0.00% | $15,000 | 50.0K |
| 50 | SPARTAN ENERGY ACQUISITION C | *W EXP 08/27/202 | 0.00% | $15,000 | 50.8K |
| 51 | FORUM MERGER II CORP | *W EXP 09/30/202 | 0.00% | $14,000 | 50.0K |
| 52 | MONOCLE ACQUISITION CORP | *W EXP 12/06/202 | 0.00% | $14,000 | 46.3K |
| 53 | HENNESSY CAP ACQUSTION CORP | *W EXP 09/05/202 | 0.00% | $13,000 | 36.9K |
| 54 | SCHULTZE SPL PURP ACQUSTN CO | *W EXP 12/31/202 | 0.00% | $11,000 | 50.0K |
| 55 | LEGACY ACQUISITION CORP | *W EXP 11/30/202 | 0.00% | $11,000 | 43.1K |
| 56 | MEGALITH FINL ACQUISITION CO | *W EXP 08/26/202 | 0.00% | $11,000 | 50.6K |
| 57 | NABORS INDUSTRIES LTD | 6% PFD CNV SR A | 0.00% | $11,000 | 3.1K |
| 58 | GRAF INDL CORP | *W EXP 12/31/202 | 0.00% | $10,000 | 100.0K |
| 59 | FAR PT ACQUISITION CORP | *W EXP 06/01/202 | 0.00% | $9,000 | 16.9K |
| 60 | GLRY STR NW MDIA GRUP HLDG L | *W EXP 02/13/202 | 0.00% | $8,000 | 94.3K |
| 61 | GALILEO ACQUISITION CORP | *W EXP 10/31/202 | 0.00% | $8,000 | 33.2K |
| 62 | TRIDENT ACQUISITIONS CORP | *W EXP 05/09/202 | 0.00% | $6,000 | 59.9K |
| 63 | MUDRICK CAP ACQUISITION CORP | *W EXP 02/12/202 | 0.00% | $6,000 | 18.0K |
| 64 | ANDINA ACQUISITION CORP III | *W EXP 07/31/202 | 0.00% | $5,000 | 50.0K |
| 65 | NESCO HLDGS INC | *W EXP 01/01/202 | 0.00% | $5,000 | 30.7K |
| 66 | ALLEGRO MERGER CORP | *W EXP 01/06/202 | 0.00% | $3,000 | 55.0K |
| 67 | MERIDA MERGER CORP I | *W EXP 11/07/202 | 0.00% | $3,000 | 5.0K |
| 68 | NEW SR INVT GROUP INC | COM | 0.00% | $2,000 | 600 |
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 ↗.