Newgate Capital Management LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$121.0M

Reporting period: 2016-06-30 · Number of holdings: 89

NEWGATE CAPITAL MANAGEMENT LLC disclosed 89 holdings in its latest 13F filing for the period ending 2016-06-30, with total reported value of $121.0M and a quarterly turnover rate of 51.9%.

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Personality snowflake

Concentration: 14.17
Portfolio Stability: 51.92
Momentum/Contrarian: 100
Sector conviction: 67.87
Diversification: 100
Sizing Uniformity: 85.24

Recent moves

Add VVR
+65.8%　$3.4M
Trim 67067Y104
-42.8%　-$1.5M
Add DHC
+532.9%　$1.7M
Trim CSQ
-26.5%　-$1.1M
Add PINE
+102.7%　$1.5M
Add VOYA
+27.7%　$1.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	XJQCX	Nuveen Credit Strategies INC	Stock-Other	8.93%	-0.22%	+3.86%
2	DSU	BlackRock Debt Strategies Fund, Inc.	Stock-Other	6.96%	-0.23%	+3.49%
3	VVR	Invesco Senior Income Trust	Stock-Other	6.71%	+2.45%	+65.76%
4	SGOL	abrdn Physical Gold Shares ETF	ETF-Commodities	6.50%	-0.13%	+6.36%
5	VOYA	Voya Financial, Inc.	Stock-Financials	6.37%	+1.03%	+27.72%
6	SMHC	VanEck China Semiconductor ETF	ETF-Emerging Markets	4.41%	—	+1.23%
7	CSQ	Calamos Strat Ttl Rtrn Fnd	Stock-Other	3.07%	-1.30%	-26.47%
8	TEI	Templeton Emrg Mkts INC	Stock-Other	2.54%	—	+1.89%
9	NVG	Nuveen Amt-fr Muni Crdt	Stock-Other	2.52%	+2.52%	NEW
10	PINE	Alpine Income Property Trust, Inc.	Stock-Other	2.51%	+1.13%	+102.68%
11	AFB	Allianceberstein Ntl Muni	Stock-Other	2.19%	—	-0.87%
12	GLO	Clough Global Opportunities	Stock-Other	1.97%	+1.97%	NEW
13	NFJ	Virtus Dividend, Interest & Premium Strategy Fund	Stock-Other	1.91%	-0.59%	-17.42%
14	✓	Powershares Global ETF Trust	ETF-Other	1.87%	—	-11.68%
15	✓	Nuveen	Stock-Other	1.79%	-1.53%	-42.81%
16	DHC	Diversified Healthcare Trust	Stock-Other	1.61%	+1.35%	+532.91%
17	XNEAX	Nuveen Amt-fr Qlty Muni INC	Stock-Other	1.55%	+0.28%	+25.63%
18	SMHC	VanEck China Semiconductor ETF	ETF-Emerging Markets	1.55%	+1.55%	NEW
19	THW	Abrdn World Healthcare Fund	Stock-Other	1.29%	+1.29%	NEW
20	THQ	Abrdn Healthcare Opport	Stock-Other	1.29%	+1.29%	NEW
21	XBOEX	Blackrock Enh Glbl Dvd Tr	Stock-Other	1.28%	—	-9.57%
22	XFRAX	Blackrock Fltng Rt INC Strat	Stock-Other	1.23%	-0.51%	-23.72%
23	HQH	Abrdn Healthcare Investors	Stock-Other	1.21%	+0.37%	+61.68%
24	SLB	Slb LTD	Stock-Energy	1.18%	+0.39%	+51.25%
25	BIDU	Baidu INC - Spon Adr	Stock-Comm Services	1.09%	—	+0.10%
26	HAL	Halliburton Co	Stock-Energy	1.01%	+0.29%	+20.55%
27	KEP	Korea Elec Power Corp-sp Adr	Stock-Other	0.97%	—	-12.19%
28	✓	Nuveen Prem Income Mun Fd	Stock-Other	0.94%	+0.94%	NEW
29	PXDEUR	Pioneer Natural Resources Co	Stock-Other	0.89%	+0.54%	+161.04%
30	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	0.78%	—	-22.21%
31	SHI1USD	Sinopec Shanghai-spons Adr	Stock-Other	0.75%	—	-4.49%
32	BABA	Alibaba Group Holding-sp Adr	Stock-Consumer Disc	0.67%	—	+22.02%
33	NZF	Nuveen Municipal Credit Income Fund	Stock-Other	0.63%	+0.63%	NEW
34	✓	Nuveen Premier Mun Income Fd	Stock-Other	0.62%	+0.32%	+110.08%
35	WPM	Wheaton Precious Metals Corp.	Stock-Materials	0.61%	—	+7.23%
36	EOG	Eog Resources INC	Stock-Energy	0.58%	—	+51.75%
37	✓	Newfield Expl Co	Stock-Other	0.54%	+0.54%	NEW
38	CE	Celanese CORP	Stock-Materials	0.54%	—	+36.28%
39	LYB	LyondellBasell Industries N.V.	Stock-Materials	0.54%	—	+46.60%
40	DVN	Devon Energy CORP	Stock-Energy	0.53%	—	+14.42%
41	✓	Tesoro CORP	Stock-Other	0.52%	—	+43.34%
42	✓		Stock-Other	0.51%	—	+3.72%
43	RDS-A	Shell Plc-spon Adr-a	Stock-Other	0.48%	+0.48%	NEW
44	KRAUSD	Kraton CORP	Stock-Other	0.47%	—	-14.09%
45	9990302D	Apache CORP	Stock-Other	0.47%	+0.47%	NEW
46	META	Meta Platforms Inc-class A	Stock-Comm Services	0.45%	—	—
47	VLO	Valero Energy CORP	Stock-Energy	0.45%	—	+28.46%
48	NTES	Netease Inc-adr	Stock-Comm Services	0.44%	—	-38.54%
49	KB	Kb Financial Group Inc-adr	Stock-Financials	0.44%	+0.44%	NEW
50	SHG	Shinhan Financial Group-adr	Stock-Other	0.43%	—	+44.91%

1–50 of 89

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2016-06-30	89	$121.0M	52	1XJQCX 2DSU 3VVR Top holdings2016-06-30 1.XJQCX 2.DSU 3.VVR 4.SGOL 5.VOYA 6.SMHC 7.CSQ 8.TEI 9.NVG 10.PINE
2016-03-31	90	$111.2M	54	1XJQCX 2DSU 3SGOL Top holdings2016-03-31 1.XJQCX 2.DSU 3.SGOL 4.VOYA 5.SMHC 6.CSQ 7.VVR 8.67067Y 9.TEI 10.67074X
2015-12-31	96	$134.4M	33	1XJQCX 2DSU 3SGOL Top holdings2015-12-31 1.XJQCX 2.DSU 3.SGOL 4.SMHC 5.1JFD 6.67067Y 7.CSQ 8.VVR 9.VOYA 10.TEI
2015-09-30	95	$134.5M	40	1XJQCX 2DSU 3SMHC Top holdings2015-09-30 1.XJQCX 2.DSU 3.SMHC 4.SGOL 5.TEI 6.1JFD 7.XAWFX 8.67067Y 9.BGX 10.VVR
2015-06-30	97	$135.1M	34	1XJQCX 2DSU 3XAWFX Top holdings2015-06-30 1.XJQCX 2.DSU 3.XAWFX 4.TEI 5.SMHC 6.VOYA 7.1JFD 8.BGX 9.67067Y 10.67074X
2015-03-31	117	$143.2M	41	1XJQCX 2DSU 3XAWFX Top holdings2015-03-31 1.XJQCX 2.DSU 3.XAWFX 4.VOYA 5.SMHC 6.VVR 7.TEI 8.BGX 9.1JFD 10.67067Y
2014-12-31	104	$151.6M	61	1XJQCX 2XAWFX 3DSU Top holdings2014-12-31 1.XJQCX 2.XAWFX 3.DSU 4.VOYA 5.BCX 6.SMHC 7.VVR 8.TDF 9.JFR 10.67074X
2014-09-30	99	$171.9M	96	1XJQCX 2XAWFX309254B Top holdings2014-09-30 1.XJQCX 2.XAWFX 3.09254B 4.VOYA 5.VVR 6.BCX 7.18469Q 8.SMHC 9.TDF 10.BGX
2014-06-30	106	$381.8M	46	1XJQCX 2TSM 3BIDU Top holdings2014-06-30 1.XJQCX 2.TSM 3.BIDU 4.CX 5.ITUB 6.09254B 7.BCX 8.CIG 9.TTMCHF 10.00756M
2014-03-31	106	$449.3M	62	1TSM 2XJQCX 3VALE Top holdings2014-03-31 1.TSM 2.XJQCX 3.VALE 4.INFY 5.IRR 6.CIG 7.ITUB 8.CX 9.BIDU 10.TTMCHF
2013-12-31	108	$508.2M	53	1TSM 2INFY 3VALE Top holdings2013-12-31 1.TSM 2.INFY 3.VALE 4.BIDU 5.XJQCX 6.TTMCHF 7.CEO 8.CX 9.SHG 10.ITUB
2013-09-30	119	$571.2M	67	1TSM 2VALE3021060 Top holdings2013-09-30 1.TSM 2.VALE 3.021060 4.BIDU 5.ITUB 6.SKMEUR 7.CEO 8.CIG 9.INFY 10.TTMCHF
2013-06-30	130	$717.4M	0	1TSM257060U3ITUB Top holdings2013-06-30 1.TSM 2.57060U 3.ITUB 4.IBN 5.00756M 6.VALE 7.CEO 8.PPT 9.021060 10.BIDU

Holding changes this quarter

Newgate Capital Management LLC's most significant position changes for 2016-06-30: New buy: Nuveen Amt-fr Muni Crdt (NVG); Sold out: Nuveen Sht Dur Cr Opp Fd; New buy: Clough Global Opportunities (GLO); New buy: VanEck China Semiconductor ETF (SMHC); Sold out: Nuveen Mun Opportunity Fd In.

Position changes disclosed by Newgate Capital Management LLC for the quarter ending 2016-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	VVR	Invesco Senior Income Trust	+2.5%	+65.76%	Add
2	DHC	Diversified Healthcare Trust	+1.4%	+532.91%	Add
3	PINE	Alpine Income Property Trust, Inc.	+1.1%	+102.68%	Add
4	VOYA	Voya Financial, Inc.	+1%	+27.72%	Add
5	PXDEUR	Pioneer Natural Resources Co	+0.5%	+161.04%	Add
6	SLB	Slb LTD	+0.4%	+51.25%	Add
7	HQH	Abrdn Healthcare Investors	+0.4%	+61.68%	Add
8	✓	Nuveen Premier Mun Income Fd	+0.3%	+110.08%	Add
9	HAL	Halliburton Co	+0.3%	+20.55%	Add
10	XNEAX	Nuveen Amt-fr Qlty Muni INC	+0.3%	+25.63%	Add
11	SGOL	abrdn Physical Gold Shares ETF	-0.1%	+6.36%	Add
12	XJQCX	Nuveen Credit Strategies INC	-0.2%	+3.86%	Add
13	DSU	BlackRock Debt Strategies Fund, Inc.	-0.2%	+3.49%	Add
14	XFRAX	Blackrock Fltng Rt INC Strat	-0.5%	-23.72%	Trim
15	AAPL	Apple INC	-0.5%	-49.99%	Trim
16	NFJ	Virtus Dividend, Interest & Premium Strategy Fund	-0.6%	-17.42%	Trim
17	NRK	Nuveen Ny Amt-fr Muni INC	-0.8%	-70.09%	Trim
18	CSQ	Calamos Strat Ttl Rtrn Fnd	-1.3%	-26.47%	Trim
19	✓	Nuveen	-1.5%	-42.81%	Trim
20	NVG	Nuveen Amt-fr Muni Crdt	—	NEW	New buy
21	✓	Nuveen Sht Dur Cr Opp Fd	—	EXIT	Sold out
22	GLO	Clough Global Opportunities	—	NEW	New buy
23	SMHC	VanEck China Semiconductor ETF	—	NEW	New buy
24	✓	Nuveen Mun Opportunity Fd In	—	EXIT	Sold out
25	SMHC	VanEck China Semiconductor ETF	—	EXIT	Sold out
26	THW	Abrdn World Healthcare Fund	—	NEW	New buy
27	THQ	Abrdn Healthcare Opport	—	NEW	New buy
28	BWX	State Street Spdr Bloomberg	—	EXIT	Sold out
29	✓	Allianzgi Conv & Income Fd	—	EXIT	Sold out
30	✓	Nuveen Prem Income Mun Fd	—	NEW	New buy
31	CIG	Cia Energetica De-spon Adr	—	EXIT	Sold out
32	NZF	Nuveen Municipal Credit Income Fund	—	NEW	New buy
33	TFI	Ss Spdr N Ice Muni Bond ETF	—	EXIT	Sold out
34	✓	Newfield Expl Co	—	NEW	New buy
35	RDS-A	Shell Plc-spon Adr-a	—	NEW	New buy
36	9990302D	Apache CORP	—	NEW	New buy
37	KB	Kb Financial Group Inc-adr	—	NEW	New buy
38	✓	SFL Corporation Ltd.	—	EXIT	Sold out
39	OGE	Oge Energy CORP	—	EXIT	Sold out
40	FE	Firstenergy CORP	—	EXIT	Sold out
41	NAT	Nordic American Tankers Limited	—	EXIT	Sold out
42	IBB	Ishares Biotechnology ETF	—	NEW	New buy
43	IBN	Icici Bank Ltd-spon Adr	—	EXIT	Sold out
44	TEN	Tsakos Energy Navigation Limited	—	EXIT	Sold out
45	RIO	Rio Tinto Plc-spon Adr	—	NEW	New buy
46	GPOR1EUR	Gulfport Energy CORP	—	NEW	New buy
47	NUV	Nuveen Municipal Value	—	EXIT	Sold out
48	ENB	Enbridge INC	—	EXIT	Sold out
49	BKK	Blackrock Muni 2020 Term Tr	—	EXIT	Sold out
50	NFLX	Netflix INC	—	EXIT	Sold out

FAQ

What is Newgate Capital Management LLC and what type of investor is it?

Newgate Capital Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-06-30), the firm manages a tracked equity portfolio valued at approximately $121.0M, spread across 89 disclosed positions.

What are Newgate Capital Management LLC's largest equity positions?

Based on the latest 13F filing, Newgate Capital Management LLC's top holdings by market value are: 1. Nuveen Credit Strategies INC (XJQCX) — $10.8M (8.9%) 2. BlackRock Debt Strategies Fund, Inc. (DSU) — $8.4M (7.0%) 3. Invesco Senior Income Trust (VVR) — $8.1M (6.7%) 4. abrdn Physical Gold Shares ETF (SGOL) — $7.9M (6.5%) 5. Voya Financial, Inc. (VOYA) — $7.7M (6.4%)

What changes did Newgate Capital Management LLC make in its most recent portfolio filing?

In the latest reported quarter, Newgate Capital Management LLC made 50 notable position adjustments: 14 new positions were initiated, 13 existing holdings were added to, 6 positions were partially reduced, and 17 were completely exited. The largest of these moves: New buy: Nuveen Amt-fr Muni Crdt (NVG); Sold out: Nuveen Sht Dur Cr Opp Fd; New buy: Clough Global Opportunities (GLO); New buy: VanEck China Semiconductor ETF (SMHC); Sold out: Nuveen Mun Opportunity Fd In

What sectors does Newgate Capital Management LLC focus on?

Newgate Capital Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 34.5% • Energy: 20.3% • Communication Services: 17.4% • Consumer Discretionary: 17.0% • Materials: 7.2% • Financials: 3.6%