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Disclosery

TRUST & FIDUCIARY MANAGEMENT SERVICES INC

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13F filer, CIK 1141800, Boston, MA

TRUST & FIDUCIARY MANAGEMENT SERVICES INC reported $125,919,000 across 38 holdings for the quarter ended 2015-12-31, in a 13F-HR filed 2016-02-10. Its ten largest share positions make up 45.54% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-16-009802

Period
2015-12-31
Reported value
$126M
Holdings
38
Top 10 weight
45.54%
New
5
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ENERGY TRANSFER PRTNRS L Pnew+166,355$5.61M
NUVEENnew+572,988$5.22M
NUVEEN PREFERRED & INCO…new+229,199$5.22M
EPDnew+195,677$5M
KINDER MORGAN INC DELnew+103,238$4.16M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CALUMET SPECIALTY PRODS PARTreduced-153,495-$3.06M
NORTHERN TIER ENERGY LPexited-134,027-$3.06M
KKR & CO LPreduced-167,246-$2.61M
NORTHSTAR REITexited-201,833-$2.49M
NAVIOS MARITIME PART LPexited-293,677-$2.14M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2015

Share positions as resolved from 13F-HR 0001398344-16-009802, largest first. % of portfolio is the value over $125,919,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SHIP FINANCE INTL LTDSHIP FINANCE INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 202,182 shares; 2014Q2: 243,534 shares; 2014Q3: 281,815 shares; 2014Q4: 271,297 shares; 2015Q1: 567,834 shares; 2015Q2: 604,447 shares; 2015Q3: 449,114 shares; 2015Q4: 441,545 shares 441,545$7.32M5.81%-7,569
ARIAPOLLO COML REAL ESTATE FINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 211,543 shares; 2014Q2: 253,739 shares; 2014Q3: 296,100 shares; 2014Q4: 287,799 shares; 2015Q1: 286,243 shares; 2015Q2: 551,286 shares; 2015Q3: 401,385 shares; 2015Q4: 388,448 shares 388,448$6.69M5.32%-12,937Timeline
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 428,273 shares; 2015Q1: 425,142 shares; 2015Q2: 438,225 shares; 2015Q3: 316,585 shares; 2015Q4: 307,418 shares 307,418$6.32M5.02%-9,167Timeline
ENERGY TRANSFER PRTNRS L PENERGY TRANSFER PRTNRS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 166,355 shares 166,355$5.61M4.46%new
JPCNUVEEN PFD & INCOME OPPORTUNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 381,545 shares; 2014Q2: 461,709 shares; 2014Q3: 535,705 shares; 2014Q4: 513,958 shares; 2015Q1: 510,871 shares; 2015Q2: 526,297 shares; 2015Q3: 601,934 shares; 2015Q4: 591,042 shares 591,042$5.41M4.3%-10,892Timeline
FPFFIRST TR INTER DURATN PFD &Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: 97,648 shares; 2015Q2: 103,532 shares; 2015Q3: 142,471 shares; 2015Q4: 250,299 shares 250,299$5.32M4.23%+107,828Timeline
NUVEENNUVEENQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 572,988 shares 572,988$5.22M4.15%new
HOSPITALITY PROPERTIES TRUSTHOSPITALITY PROPERTIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 232,429 shares; 2014Q2: 281,115 shares; 2014Q3: 327,975 shares; 2014Q4: 269,707 shares; 2015Q1: 267,662 shares; 2015Q2: 289,776 shares; 2015Q3: 214,819 shares; 2015Q4: 199,567 shares 199,567$5.22M4.14%-15,252
NUVEEN PREFERRED & INCO…NUVEEN PREFERRED & INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 229,199 shares 229,199$5.22M4.14%new
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 195,677 shares 195,677$5M3.97%newTimeline
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 1,526,866 shares; 2014Q2: 1,829,108 shares; 2014Q3: 2,036,961 shares; 2014Q4: 1,442,091 shares; 2015Q1: 544,210 shares; 2015Q2: 568,248 shares; 2015Q3: 741,742 shares; 2015Q4: 1,032,664 shares 1,032,664$4.82M3.83%+290,922
TERRA NITROGEN CO L PTERRA NITROGEN CO L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 21,080 shares; 2014Q2: 25,388 shares; 2014Q3: 29,767 shares; 2014Q4: 28,912 shares; 2015Q1: 57,448 shares; 2015Q2: 57,966 shares; 2015Q3: 46,757 shares; 2015Q4: 46,086 shares 46,086$4.68M3.72%-671
EPREPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 136,492 shares; 2014Q2: 165,004 shares; 2014Q3: 190,688 shares; 2014Q4: 148,424 shares; 2015Q1: 72,538 shares; 2015Q2: 77,233 shares; 2015Q3: 78,646 shares; 2015Q4: 77,030 shares 77,030$4.5M3.58%-1,616Timeline
CEDAR FAIR L PCEDAR FAIR L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: 51,408 shares; 2015Q4: 78,677 shares 78,677$4.39M3.49%+27,269
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 386,140 shares; 2014Q2: 464,728 shares; 2014Q3: 599,510 shares; 2014Q4: 589,511 shares; 2015Q1: 584,952 shares; 2015Q2: 602,236 shares; 2015Q3: 439,339 shares; 2015Q4: 292,960 shares 292,960$4.17M3.32%-146,379Timeline
KINDER MORGAN INC DELKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: not reported; 2015Q4: 103,238 shares 103,238$4.16M3.3%new
STONEMOR PARTNERS LPSTONEMOR PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 154,304 shares; 2014Q2: 185,122 shares; 2014Q3: 215,423 shares; 2014Q4: 208,893 shares; 2015Q1: 207,048 shares; 2015Q2: 211,040 shares; 2015Q3: 155,560 shares; 2015Q4: 152,276 shares 152,276$4.07M3.23%-3,284
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 386,229 shares; 2015Q1: 383,983 shares; 2015Q2: 395,766 shares; 2015Q3: 296,899 shares; 2015Q4: 284,473 shares 284,473$3.46M2.75%-12,426Timeline
AMERICAN CAP MTG INVT CORPAMERICAN CAP MTG INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 337,858 shares; 2014Q2: 405,296 shares; 2014Q3: 469,456 shares; 2014Q4: 451,699 shares; 2015Q1: 448,545 shares; 2015Q2: 267,293 shares; 2015Q3: 189,493 shares; 2015Q4: 189,493 shares 189,493$3.03M2.41%0
VEREIT INCVEREIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: 389,928 shares; 2015Q4: 372,334 shares 372,334$2.95M2.34%-17,594
PSECPROSPECT CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 578,867 shares; 2014Q2: 699,325 shares; 2014Q3: 963,532 shares; 2014Q4: 943,337 shares; 2015Q1: 937,751 shares; 2015Q2: 558,610 shares; 2015Q3: 411,407 shares; 2015Q4: 416,550 shares 416,550$2.91M2.31%+5,143Timeline
INVESCO DYNAMIC CR OPPORTUNIINVESCO DYNAMIC CR OPPORTUNIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 198,593 shares; 2014Q4: 194,313 shares; 2015Q1: 193,175 shares; 2015Q2: 198,998 shares; 2015Q3: 144,056 shares; 2015Q4: 268,800 shares 268,800$2.84M2.25%+124,744
MMLPMARTIN MIDSTREAM PRTNRS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 123,799 shares; 2014Q4: 268,306 shares; 2015Q1: 269,149 shares; 2015Q2: 269,586 shares; 2015Q3: 194,947 shares; 2015Q4: 128,868 shares 128,868$2.8M2.22%-66,079Timeline
KKR & CO LPKKR & CO LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 319,665 shares; 2014Q2: 387,577 shares; 2014Q3: 452,783 shares; 2014Q4: 437,821 shares; 2015Q1: 434,854 shares; 2015Q2: 449,154 shares; 2015Q3: 323,900 shares; 2015Q4: 156,654 shares 156,654$2.44M1.94%-167,246
FS KKR CAPITAL CORPFS KKR CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: 270,096 shares; 2015Q4: 263,009 shares 263,009$2.36M1.88%-7,087
Apollo Global ManagementApollo Global ManagementQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 400,099 shares; 2015Q1: 398,250 shares; 2015Q2: 212,819 shares; 2015Q3: 157,621 shares; 2015Q4: 155,115 shares 155,115$2.35M1.87%-2,506
CALUMET SPECIALTY PRODS PARTCALUMET SPECIALTY PRODS PARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 176,919 shares; 2014Q4: 356,118 shares; 2015Q1: 364,862 shares; 2015Q2: 369,037 shares; 2015Q3: 271,769 shares; 2015Q4: 118,274 shares 118,274$2.35M1.87%-153,495
CVR Partners, LPCVR Partners, LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 222,019 shares; 2014Q2: 267,066 shares; 2014Q3: 308,384 shares; 2014Q4: 296,343 shares; 2015Q1: 294,165 shares; 2015Q2: 299,897 shares; 2015Q3: 212,948 shares; 2015Q4: 209,220 shares 209,220$1.68M1.33%-3,728
INVESCO MORTGAGE CAPITAL INCINVESCO MORTGAGE CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 206,199 shares; 2014Q2: 249,375 shares; 2014Q3: 289,097 shares; 2014Q4: 277,526 shares; 2015Q1: 275,432 shares; 2015Q2: 283,726 shares; 2015Q3: 204,071 shares; 2015Q4: 123,992 shares 123,992$1.54M1.22%-80,079
MEDLEY CAP CORPMEDLEY CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: 231,530 shares; 2015Q2: 245,286 shares; 2015Q3: 181,589 shares; 2015Q4: 178,684 shares 178,684$1.34M1.07%-2,905
CAPSTEAD MTG CORPCAPSTEAD MTG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 268,309 shares; 2014Q2: 323,245 shares; 2014Q3: 374,103 shares; 2014Q4: 360,332 shares; 2015Q1: 358,089 shares; 2015Q2: 369,167 shares; 2015Q3: 267,730 shares; 2015Q4: 134,573 shares 134,573$1.18M0.93%-133,157
CVR REFINING LP COM UNIT RE…CVR REFINING LP COM UNIT REPSTG L…Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 152,078 shares; 2014Q2: 182,605 shares; 2014Q3: 210,943 shares; 2014Q4: 392,212 shares; 2015Q1: 390,456 shares; 2015Q2: 232,850 shares; 2015Q3: 165,188 shares; 2015Q4: 61,647 shares 61,647$1.17M0.93%-103,541
EHIWESTERN ASSET GBL HIGH INC FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 263,980 shares; 2014Q2: 319,538 shares; 2014Q3: 371,282 shares; 2014Q4: 356,898 shares; 2015Q1: 354,842 shares; 2015Q2: 365,541 shares; 2015Q3: 264,734 shares; 2015Q4: 88,059 shares 88,059$768K0.61%-176,675Timeline
FIFTH STREET FIN CORP COMFIFTH STREET FIN CORP COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 316,328 shares; 2014Q2: 378,994 shares; 2014Q3: 441,955 shares; 2014Q4: 429,251 shares; 2015Q1: 426,625 shares; 2015Q2: 439,078 shares; 2015Q3: 323,495 shares; 2015Q4: 119,126 shares 119,126$760K0.6%-204,369
HYTBLACKROCK CORPOR HI YLD FD IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 228,176 shares; 2014Q2: 275,532 shares; 2014Q3: 321,876 shares; 2014Q4: 312,322 shares; 2015Q1: 310,279 shares; 2015Q2: 316,936 shares; 2015Q3: 228,823 shares; 2015Q4: 77,287 shares 77,287$756K0.6%-151,536Timeline
OIAINVESCO MUNI INCOME OPP TRSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 79,890 shares; 2014Q2: 79,890 shares; 2014Q3: 77,890 shares; 2014Q4: 76,090 shares; 2015Q1: 75,415 shares; 2015Q2: not reported; 2015Q3: 75,415 shares; 2015Q4: 69,538 shares 69,538$507K0.4%-5,877Timeline
STUDENT TRANSPORTATION INCSTUDENT TRANSPORTATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 274,011 shares; 2014Q2: 331,591 shares; 2014Q3: 385,053 shares; 2014Q4: 370,315 shares; 2015Q1: 368,270 shares; 2015Q2: 379,155 shares; 2015Q3: 265,972 shares; 2015Q4: 89,919 shares 89,919$334K0.27%-176,053
PMMFRANKLIN MANAGED MUN INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2014Q1: 41,580 shares; 2014Q2: 40,270 shares; 2014Q3: 40,270 shares; 2014Q4: 40,270 shares; 2015Q1: 40,270 shares; 2015Q2: not reported; 2015Q3: 39,470 shares; 2015Q4: 34,970 shares 34,970$257K0.2%-4,500Timeline

Sold out in Q4 2015

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NORTHERN TIER ENERGY LPNORTHERN TIER ENERGY LP134,027$3.06Mshares
NORTHSTAR REITNORTHSTAR REIT201,833$2.49Mshares
NAVIOS MARITIME PART LPNAVIOS MARITIME PART LP293,677$2.14Mshares
NEXPOINT CR STRATEGIES FDNEXPOINT CR STRATEGIES FD322,785$1.85Mshares
AVENUE INCOME CR STRATEGIESAVENUE INCOME CR STRATEGIES126,058$1.62Mshares
SENIOR HSG PPTYS TRSENIOR HSG PPTYS TR88,656$1.44Mshares
STAGSTAG INDUSTRIAL INC78,721$1.43Mshares
WESTERN ASSET EMRG MKT INCMWESTERN ASSET EMRG MKT INCM141,187$1.35Mshares

How Q4 2015 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398344-16-009802 base2016-02-10acceptance time not in the bulk data set

Filings

Every filing of this filer: 13F reports and notices, the 13D and 13G it filed or is a reporting person of, and Forms 3, 4 and 5 it reported as an owner.

FilingSubjectFiledAcceptedIngested
13F-HR 0001398344-16-009802 Quarter ended 2015-12-312016-02-10acceptance time not in the bulk data set
13F-HR 0001398344-15-007546 Quarter ended 2015-09-302015-11-12acceptance time not in the bulk data set
13F-HR 0001398344-15-005228 Quarter ended 2015-06-302015-08-13acceptance time not in the bulk data set
13F-HR 0001398344-15-003207 Quarter ended 2015-03-312015-05-12acceptance time not in the bulk data set
13F-HR 0001398344-15-000820 Quarter ended 2014-12-312015-02-10acceptance time not in the bulk data set
13F-HR 0001398344-14-005895 Quarter ended 2014-09-302014-11-14acceptance time not in the bulk data set
13F-HR 0001398344-14-003993 Quarter ended 2014-06-302014-08-08acceptance time not in the bulk data set
13F-HR 0001398344-14-002838 Quarter ended 2014-03-312014-05-15acceptance time not in the bulk data set
13F-HR/A 0001398344-14-002841 Quarter ended 2014-03-312014-05-15acceptance time not in the bulk data set
13F-HR 0001398344-14-000856 Quarter ended 2013-12-312014-02-12acceptance time not in the bulk data set
13F-HR 0001398344-13-005390 Quarter ended 2013-09-302013-11-14acceptance time not in the bulk data set
13F-HR 0001398344-13-003856 Quarter ended 2013-06-302013-08-14acceptance time not in the bulk data set