SEC 13F Intelligence

Managers / Q2 2024 · view latest →

Elequin Capital, LP

CIK 0001810873 · 1333 BROADWAY, SUITE 500, NEW YORK, NY, 10018 · 6468146717

Reported Value
$378M
Q2 2024
Positions
192
Filings on Record
20
2019–present window
Filed
Aug 12, 2024
original filing

Summary

Elequin Capital, LP reported $378M in U.S.-listed holdings across 192 positions for Q2 2024.

The portfolio is heavily concentrated: Palo Alto Networks alone accounts for 39.2% of reported value.

Compared with Q1 2024, the fund opened 187 new positions and exited 139.

Portfolio Metrics

Turnover
+50.3%
vs prior filed quarter
Top-10 Concentration
+90.5%
share of reported value
Largest Position
+39.2%
Palo Alto Networks
New / Exited
187 / 139
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. 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 ’21: $217MQ4 ’21Q1 ’22: $590MQ2 ’22: $437MQ3 ’22: $148MQ3 ’22Q4 ’22: $355MQ1 ’23: $142MQ2 ’23: $196MQ2 ’23Q3 ’23: $515MQ4 ’23: $331MQ1 ’24: $1.1BQ1 ’24Q2 ’24: $378MQ3 ’24: $897MQ4 ’24: $1.3BQ4 ’24Q1 ’25: $802MQ2 ’25: $764MQ3 ’25: $1.8BQ3 ’25Q4 ’25: $1.3BQ1 ’26: $1.2Bfilingsflow.com

Portfolio Composition

By security type
US DOMESTIC: 61.2%ETP: 37.5%Common Stock: 1.0%REIT: 0.1%ADR: 0.1%Other: 0.1%
  • US DOMESTIC · 61.2% · $231M
  • ETP · 37.5% · $142M
  • Common Stock · 1.0% · $4M
  • REIT · 0.1% · $545,365
  • ADR · 0.1% · $433,318
  • Other · 0.1% · $278,666

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PALO ALTO NETWORKS INCNEW+43.56M43.56M+$148M$148M
MICROSTRATEGY INCNEW+19.31M19.31M+$67M$67M
ARKBARK 21SHARES BITCOIN ETFNEW+742.5K742.5K+$45M$45M
BITBBITWISE BITCOIN ETF TRNEW+912.7K912.7K+$30M$30M
SPDR SER TRNEW+275.8K275.8K+$20M$20M
REPLIGEN CORPNEW+8.19M8.19M+$10M$10M
VANGUARD MUN BD FDSNEW+125.7K125.7K+$6M$6M
CALAMOS ETF TRNEW+231.3K231.3K+$6M$6M

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

Holdings — Q2 2024

43 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PALO ALTO NETWORKS INCNOTE 0.375% 6/039.25%$148M43.56M
2MICROSTRATEGY INCNOTE 0.750%12/117.72%$67M19.31M
3ARKBARK 21SHARES BITCOIN ETFhistory →SHS BEN INT11.78%$45M742.5K
4BITBBITWISE BITCOIN ETF TRhistory →SHS BEN INT7.89%$30M912.7K
5SPDR SER TRBBG CONV SEC ETF · NUVEEN BLMBRG MU · NUVEEN BLOOMBERG · NUVEEN BLMBRG SH · S&P RETAIL ETF7.31%$28M494.9K
6REPLIGEN CORPNOTE 0.375% 7/12.58%$10M8.19M
7ISHARES TRCONV BD ETF · SHRT NAT MUN ETF1.82%$7M82.4K
8VANGUARD MUN BD FDSTAX EXEMPT BD1.67%$6M125.7K
9CALAMOS ETF TRCONVERTIBLE EQTY1.66%$6M231.3K
10VANECK ETF TRUSTHIGH YLD MUNIETF · SHRT HGH YLD MUN1.38%$5M107.9K
11FBTCFIDELITY WISE ORIGIN BITCOINhistory →SHS1.34%$5M96.3K
12BRRRVALKYRIE BITCOIN FDhistory →COM1.14%$4M253.5K
13INSMED INCNOTE 1.750% 1/10.76%$3M1.66M
14INFINERA CORPNOTE 3.750% 8/00.72%$3M2.50M
15HODLVANECK BITCOIN TRSH BEN INT0.53%$2M29.7K
16MOALTRIA GROUP INCCOM0.48%$2M39.8K
17INVESCO EXCH TRADED FD TR IINATL AMT MUNI0.38%$1M61.4K
18FIRST TR EXCHANGE-TRADED FDSSI STRG ETF · MANAGD MUN ETF0.30%$1M28.2K
19BTCWWISDOMTREE BITCOIN FDSHS BEN INT0.19%$714,64711.2K
20GLAUKOS CORPNOTE 2.750% 6/10.14%$529,976240.0K
21SPGSIMON PPTY GROUP INC NEWCOM0.12%$450,3913.0K
22DDOMINION ENERGY INCCOM0.07%$271,9275.6K
23BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.07%$266,7703.7K
244I1PHILIP MORRIS INTL INCCOM0.04%$162,1281.6K
25AB ACTIVE ETFS INCTAX AWARE SHRT0.04%$152,8166.1K
26BBYBEST BUY INCCOM0.02%$59,096705
27SPDR S&P 500 ETF TRTR UNIT0.01%$56,619328
28PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.01%$39,1232.7K
29TPGTPG INCCOM CL A0.01%$36,476880
30BMTABRITISH AMERN TOB PLCSPONSORED ADR0.01%$34,0231.1K
31KGCKINROSS GOLD CORPCOM0.01%$30,3183.6K
32SFMSPROUTS FMRS MKT INCCOM0.01%$29,867357
33TRGPTARGA RES CORPCOM0.01%$28,976225
34SPXCSPX TECHNOLOGIES INCCOM0.01%$28,854203
35EATBRINKER INTL INCCOM0.01%$28,377392
36WMBWILLIAMS COS INCCOM0.01%$28,050660
37ACCENTURE PLC IRELANDSHS CLASS A0.01%$27,91492
38OKEONEOK INC NEWCOM0.01%$27,890342
39CLXCLOROX CO DELCOM0.01%$27,840204
40IBITISHARES BITCOIN TRSHS0.01%$27,483805
41COSTCOSTCO WHSL CORP NEWCOM0.01%$27,20032
42PSXPHILLIPS 66COM0.01%$27,105192
43THCTENET HEALTHCARE CORPCOM NEW0.01%$26,872202

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.2B730May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.3B409Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.8B143Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$764M371Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$802M324May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.3B516Feb 18, 202513F-HRchanges · EDGAR ↗
Q3 2024$897M379Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$378M192Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B144May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$331M365Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$515M396Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$196M533Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$142M306May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$355M619Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$148M550Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$437M427Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$590M343May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$217M53Feb 15, 202213F-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 ↗.