The company reported an average return of 107.01% (428.04% annualized) for Q2 2018; and 70.35% (YTD) for the first half of 2018 (140.70% annualized).
“We are firing on all cylinders, and frankly, we crushed our own internal forecast for the quarter and are well on track to meet or exceed our forecast for 2018. "IRVING, TEXAS
, UNITED STATES
, July 9, 2018
/EINPresswire.com/ -- eQuine Holdings, a Class II Multi-Family Office, Reports Record Revenue Growth for Q2 and the First Six Month Ending June 30, 2018
eQuine Holdings, LLC
is pleased to report its 2018 Q2 results and 2018 YTD (un-audited) results.
Nine of the twelve SFOs within the eQuine MFO exceeded 100% returns for Q2 of 2018, largely due to Rent-A-Center
(RCII) and Amplify Brands (BETR) both being acquired. The addition of two Legacy Single-Family Offices in Q2 were not included in the overall performance results, as they joined the eQuine MFO in the latter part of Q2.
The company reported an average return of 107.01% (428.04% annualized) for the second Quarter of 2018; and 70.35% (YTD) for the first six months of 2018 (140.70% annualized).
The company maintained an approximate 20% cash position throughout the 2nd Quarter of 2018 with approximately $186 Million
in risk on (long) trades during the same period. The company also reported a revenue growth rate of 1,550% TTM and AUA growth rate of 535% TTM while adding two additional Single-Family Offices (SFO) to eQuine’s Multi-Family Office (MFO) bringing the total to 14 SFOs currently.
eQuine's top trades for the first half of 2018 included: Forterra
(FRTA), Amplify Brands (BETR), Rent-A-Center
(RCII) Cenovus (CVE), and Pandora (P).
eQuine had no bottom trades for Q2.
eQuine also had a rare top and bottom trade occur with: DropBox (DBX) and GoGo (GoGo)
which left the trades virtually neutral.
Managing Director & CEO, Brent Atwood
, stated, “We are firing on all cylinders, and frankly, we crushed our own internal forecast for the quarter and are well on track to meet or exceed our forecast for 2018. Two of our major holdings being acquired shows that our algorithms continue to find great opportunities for our Single-Family Offices”.
2018 First Half Highlights:
The change of Corporate Counsel from Gruber Hail Johansen
and Shank to Dorsey Law Firm.
The addition of two new Single-Family Office to the eQuine MFO bringing the total to fourteen (14).
eQuine Holdings has been designated as a “Large Trader” under SEC
rule 13(h) of the Securities and Exchange Act of 1934 and is complying with the SEC
filing request for LTID status in the current quarter. The company expects to file as inactive at the end of Q3 2018, as we expect to better manage the trading volumes related to rule 13(h).
eQuine deploys a strategy that algorithmically detects anomalies created by illegal abusive naked short selling and illegal use of deep in the money calls used to reset RegSHO buy-in requirements, and position trades directly against the illegal activities of abusive naked short sellers.
eQuine Holdings, LLC
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