Elequin Capital, LP
Long book
$354.9M
Q1 2026
Positions
614
Top-10 weight
55%
concentration
Last quarter
+4.9%
SPY +14.8%
Turnover
61%
of book per quarter
Strategy in plain words
auto-generated from filingsElequin Capital, LP is a wealth-management firm allocating client money, running a $354.9M US long book across 614 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: NVIDIA CORP, SS SPDR S&P 500 ETF TRUST-US, INVESCO BULLETSHARES 2029 MB, ISHARES 20+ YEAR TREASURY BD, ISHARES AAA CLO ACT ETF-USDI.
Over the last 9 quarters its long book ran on average 5.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-14.7%
Q2 2024
+5.9%
Q3 2024
+5.4%
Q4 2024
-17.7%
Q1 2025
+19.6%
Q2 2025
+15.8%
Q3 2025
-10.2%
Q4 2025
-14.8%
Q1 2026
+4.9%
Sector allocation
Technology 61%
Utilities 10%
Financials 10%
Industrials 5%
Other 5%
Materials 4%
Healthcare 2%
Services media 1%
Long book by quarter
What does Elequin Capital, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 412.8K | $72.0M | 20.3% | -10.4% |
| NEE NEXTERA ENERGY INC | Utilities | 235.9K | $12.2M | 3.4% | +1401.8% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 24.2K | $4.2M | 1.2% | +25.1% |
| HPE 7.625 09/01/27 HP ENTERPRISE CO | — | 64.0K | $4.2M | 1.2% | New |
| MSTR STRATEGY INC | Financials | 33.1K | $4.1M | 1.2% | +10.6% |
| ORCL ORACLE CORP | Technology | 88.4K | $4.1M | 1.1% | New |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 63.4K | $3.7M | 1.0% | +247.7% |
| ALB ALBEMARLE CORP | Materials | 39.2K | $3.1M | 0.9% | New |
| TSLA TESLA INC | Industrials | 7.7K | $2.9M | 0.8% | -97.1% |
| BA BOEING CO/THE | Industrials | 13.6K | $2.7M | 0.8% | +743.9% |
| SMCI SUPER MICRO COMPUTER INC | Technology | 110.6K | $2.5M | 0.7% | +205.3% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 16.4K | $2.4M | 0.7% | -15.5% |
| HIMS HIMS & HERS HEALTH INC | Healthcare | 109.4K | $2.3M | 0.6% | +44352.4% |
| BMNR BITMINE IMMERSION TECHNOLOGI | Financials | 88.2K | $1.7M | 0.5% | New |
| PCG PG&E CORP | Utilities | 40.5K | $1.7M | 0.5% | +123.6% |
| ARES ARES MANAGEMENT CORP | Financials | 43.0K | $1.6M | 0.4% | +275.7% |
| BTSG 6.75 02/01/27 BRIGHTSPRING HEALTH SERV | — | 9.7K | $1.4M | 0.4% | +7313.0% |
| WHR 8.5 02/15/29 A WHIRLPOOL CORP | — | 23.1K | $950K | 0.3% | New |
| VSEC VSE CORP | Services media | 4.8K | $879K | 0.2% | New |
| SCCO SOUTHERN COPPER CORP | Materials | 4.7K | $814K | 0.2% | New |
| JPM JPMORGAN CHASE & CO | Financials | 2.7K | $797K | 0.2% | New |
| BAP CREDICORP LTD | Financials | 2.3K | $768K | 0.2% | New |
| RGTI RIGETTI COMPUTING INC | Technology | 41.6K | $584K | 0.2% | New |
| KKR KKR & CO INC | Financials | 5.5K | $513K | 0.1% | +3752.1% |
| QXO QXO INC | Consumer discretionary | 25.3K | $491K | 0.1% | +10892.2% |
| APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT | — | 7.2K | $481K | 0.1% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 2.2K | $457K | 0.1% | -97.8% |
| AVGO BROADCOM INC | Technology | 1.5K | $456K | 0.1% | -97.1% |
| RKLB ROCKET LAB CORP | Industrials | 6.9K | $446K | 0.1% | New |
| AZN ASTRAZENECA PLC | Healthcare | 1.8K | $346K | 0.1% | New |
| BRKR BRUKER CORP | Healthcare | 1.1K | $303K | 0.1% | +1234.9% |
| HUBB HUBBELL INC | Technology | 524 | $257K | 0.1% | New |
| PPL PPL CORPORATION | Utilities | 5.1K | $252K | 0.1% | New |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 3.4K | $238K | 0.1% | New |
| FSM FORTUNA MINING CORP | Materials | 23.0K | $228K | 0.1% | New |
| NOVT NOVANTA INC | Technology | 1.9K | $224K | 0.1% | +396.1% |
| ETN EATON CORP PLC | Industrials | 597 | $214K | 0.1% | New |
| RTX RTX CORP | Industrials | 1.1K | $211K | 0.1% | New |
| TTE TOTALENERGIES SE | Energy | 2.3K | $210K | 0.1% | New |
| MU MICRON TECHNOLOGY INC | Technology | 576 | $195K | 0.1% | New |
| SO SOUTHERN CO/THE | Utilities | 2.0K | $191K | 0.1% | -69.5% |
| EMR EMERSON ELECTRIC CO | Industrials | 1.4K | $187K | 0.1% | New |
| NOC NORTHROP GRUMMAN CORP | Technology | 243 | $166K | 0.0% | New |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 449 | $155K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 730 | $1.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 409 | $1.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 143 | $1.84B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 371 | $763.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 324 | $802.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 18, 2025 | 516 | $1.26B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 379 | $896.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 192 | $378.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | Mar 11, 2025 | 243 | $520.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 144 | $1.13B | SEC ↗ |