CIK 1141800
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2015-Q3. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 75.82% | 31 |
| Equity Real Estate Investment Trusts (REITs) | 16.66% | 4 |
| Utilities | 3.97% | 1 |
| Distributors | 2.22% | 1 |
| Chemicals | 1.33% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | SHIP FINANCE INTERNATIONAL L | Unclassified | 5.81% | |
| 2 | ARI | Apollo Commercial Real Estate Finance, Inc. | Real Estate | 5.32% |
| 3 | STWD | STARWOOD PROPERTY TRUST, INC. | Real Estate | 5.02% |
| 4 | ENERGY TRANSFER PRTNRS L P | Unclassified | 4.46% | |
| 5 | JPC | NUVEEN PFD & INCOME OPPORTUN | Unclassified | 4.30% |
| 6 | FPF | FIRST TR INTER DURATN PFD & | Unclassified | 4.23% |
| 7 | Nuveen Preferred & Income Securities Fd | Unclassified | 4.15% | |
| 8 | HOSPITALITY PPTYS TR | Unclassified | 4.14% | |
| 9 | XJPIX | NUVEEN PFD SECS & INC OPPTY | Unclassified | 4.14% |
| 10 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 3.97% |
7/38 names classified · sector 24.2% of weight · industry 24.2% · mkt cap 24.2%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 24.2% of the book is sector-classified (unclassified names shown, never dropped).
Only 18% of book weight classified — the grid is NOT representative of the whole book.
Classified: 18.0% of book weight (5/18 names) · unclassified 82.0%: , JPC, FPF, XJPIX, EPD, ARCC, PSEC, MMLP, FSK, EHI +3 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | SHIP FINANCE INTERNATIONAL L | 441,545 | $7M | 5.8% | HOLD |
| 2 | ARIAPOLLO COML REAL EST FIN INC | 388,448 | $7M | 5.3% | TRIM −3% |
| 3 | STWDSTARWOOD PPTY TR INC | 307,418 | $6M | 5.0% | TRIM −3% |
| 4 | ENERGY TRANSFER PRTNRS L P | 166,355 | $6M | 4.5% | NEW |
| 5 | JPCNUVEEN PFD & INCOME OPPORTUN | 591,042 | $5M | 4.3% | HOLD |
| 6 | FPFFIRST TR INTER DURATN PFD & | 250,299 | $5M | 4.2% | ADD 76% |
| 7 | Nuveen Preferred & Income Securities Fd | 572,988 | $5M | 4.1% | NEW |
| 8 | HOSPITALITY PPTYS TR | 199,567 | $5M | 4.1% | TRIM −7% |
| 9 | XJPIXNUVEEN PFD SECS & INC OPPTY | 229,199 | $5M | 4.1% | NEW |
| 10 | EPDENTERPRISE PRODS PARTNERS L | 195,677 | $5M | 4.0% | NEW |
| 11 | FRONTIER COMMUNICATIONS CORP | 1,032,664 | $5M | 3.8% | ADD 39% |
| 12 | TERRA NITROGEN CO L P | 46,086 | $5M | 3.7% | HOLD |
| 13 | EPREPR PPTYS | 77,030 | $5M | 3.6% | TRIM −2% |
| 14 | CEDAR FAIR L P | 78,677 | $4M | 3.5% | ADD 53% |
| 15 | ARCCARES CAPITAL CORP | 292,960 | $4M | 3.3% | TRIM −33% |
| 16 | KINDER MORGAN INC DEL | 103,238 | $4M | 3.3% | NEW |
| 17 | STONEMOR PARTNERS LP | 152,276 | $4M | 3.2% | TRIM −2% |
| 18 | RITMRITHM CAPITAL CORP | 284,473 | $3M | 2.7% | TRIM −4% |
| 19 | AMERICAN CAP MTG INVT CORP COM | 189,493 | $3M | 2.4% | HOLD |
| 20 | VEREIT INC | 372,334 | $3M | 2.3% | TRIM −5% |
| 21 | PSECPROSPECT CAP CORP | 416,550 | $3M | 2.3% | HOLD |
| 22 | INVESCO DYNAMIC CR OPP FD | 268,800 | $3M | 2.3% | ADD 87% |
| 23 | MMLPMARTIN MIDSTREAM PRTNRS L P | 128,868 | $3M | 2.2% | TRIM −34% |
| 24 | KKR & CO LP | 156,654 | $2M | 1.9% | TRIM −52% |
| 25 | FSKFS KKR Capital Corp. | 263,009 | $2M | 1.9% | TRIM −3% |
| 26 | Apollo Global Mgmt. LLC | 155,115 | $2M | 1.9% | HOLD |
| 27 | CALUMET SPECIALTY PRODS PART | 118,274 | $2M | 1.9% | TRIM −56% |
| 28 | UANCVR Partners LP | 209,220 | $2M | 1.3% | HOLD |
| 29 | INVESCO MORTGAGE CAPITAL INC | 123,992 | $2M | 1.2% | TRIM −39% |
| 30 | MEDLEY CAPITAL CORP | 178,684 | $1M | 1.1% | HOLD |
| 31 | CAPSTEAD MTG CORP | 134,573 | $1M | 0.9% | TRIM −50% |
| 32 | CVR REFNG LP | 61,647 | $1M | 0.9% | TRIM −63% |
| 33 | EHIWESTERN ASSET GBL HIGH INC F | 88,059 | $768,000 | 0.6% | TRIM −67% |
| 34 | FIFTH STREET FINANCE CORP | 119,126 | $760,000 | 0.6% | TRIM −63% |
| 35 | HYTBLACKROCK CORPOR HI YLD FD I | 77,287 | $756,000 | 0.6% | TRIM −66% |
| 36 | OIAINVESCO MUNI INCOME OPP TRST | 69,538 | $507,000 | 0.4% | TRIM −8% |
| 37 | STUDENT TRANSN INC | 89,919 | $334,000 | 0.3% | TRIM −66% |
| 38 | PMMPUTNAM MANAGED MUN INCOME TR | 34,970 | $257,000 | 0.2% | TRIM −11% |
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