TRUST & FIDUCIARY MANAGEMENT SERVICES INC

13F filer, CIK 1141800, Boston, MA

TRUST & FIDUCIARY MANAGEMENT SERVICES INC reported $178,793,000 across 120 holdings for the quarter ended 2014-03-31, in a 13F-HR/A filed 2014-05-15. Its ten largest share positions make up 38.93% of the portfolio.

Filed 2014-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 19:42:28 UTC13F-HR/A 0001398344-14-002841

Period: 2014-03-31
Reported value: $179M
Holdings: 120
Top 10 weight: 38.93%
New: 16
Sold out: 10

Largest buys vs the previous quarter

Security	Shares change	Approx. value
REGENCY ENERGY PARTNERS MLnew	+144,731	$3.94M
PETROLOGISTICS LP UNIT LTD …new	+302,200	$3.76M
SANnew	+364,683	$3.5M
AMERICAN RLTY CAP PPTYS INCnew	+234,610	$3.29M
TERRA NITROGEN CO L Pnew	+21,080	$3.21M

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

Security	Shares change	Approx. value
TEEKAY LNG PARTNERS L Preduced	-71,152	-$3.56M
PVR PARTNERS L Pexited	-125,109	-$3.36M
NUVEEN DIVER CURRENCY OPPORreduced	-296,810	-$3.11M
FIRST TR ABERDEEN GLBL OPP Freduced	-173,939	-$2.44M
SENIOR HSG PPTYS TRreduced	-60,078	-$1.35M

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, Q1 2014

Share positions as resolved from 13F-HR/A 0001398344-14-002841, largest first. % of portfolio is the value over $178,793,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP	1,526,866	$8.71M	4.87%	+176,587
KKR & CO LPKKR & CO LP	319,665	$7.3M	4.08%	+36,979
EPREPR PPTYS	136,492	$7.29M	4.08%	+16,164		Timeline
EDDMORGAN STANLEY EMERGING MKTS	525,414	$6.89M	3.86%	+66,934		Timeline
ARCCARES CAPITAL CORP	386,140	$6.8M	3.8%	+44,477		Timeline
VANGUARDVANGUARD	226,996	$6.76M	3.78%	+25,913
HOSPITALITY PROPERTIES TRUSTHOSPITALITY PROPERTIES TRUST	232,429	$6.67M	3.73%	+27,551
BP PRUDHOE BAY RTY TRBP PRUDHOE BAY RTY TR	78,003	$6.59M	3.68%	+9,110
AMERICAN CAP MTG INVT CORPAMERICAN CAP MTG INVT CORP	337,858	$6.34M	3.55%	+39,102
PSECPROSPECT CAP CORP	578,867	$6.25M	3.5%	+66,254		Timeline
NAVIOS MARITIME PART LPNAVIOS MARITIME PART LP	290,268	$5.66M	3.16%	+33,133
SEADRILL ORDSEADRILL ORD	156,778	$5.51M	3.08%	+18,681
CVR Partners, LPCVR Partners, LP	222,019	$4.71M	2.63%	+25,510
AVENUE INCOME CR STRATEGIESAVENUE INCOME CR STRATEGIES	244,480	$4.3M	2.41%	+26,734
OCH ZIFF CAP MGMT GROUP CL AOCH ZIFF CAP MGMT GROUP CL A	301,212	$4.15M	2.32%	+35,111
REGENCY ENERGY PARTNERS MLREGENCY ENERGY PARTNERS ML	144,731	$3.94M	2.2%	new
STONEMOR PARTNERS LPSTONEMOR PARTNERS LP	154,304	$3.88M	2.17%	+17,455
PETROLOGISTICS LP UNIT LTD …PETROLOGISTICS LP UNIT LTD PARTNE…	302,200	$3.76M	2.1%	new
Niska Gas Storage Partners LNiska Gas Storage Partners L	257,516	$3.74M	2.09%	+29,099
SHIP FINANCE INTL LTDSHIP FINANCE INTL LTD	202,182	$3.63M	2.03%	+23,390
HOLLYFRONTIER CORPHOLLYFRONTIER CORP	75,304	$3.58M	2%	+8,718
NORTHERN TIER ENERGY LPNORTHERN TIER ENERGY LP	138,880	$3.57M	2%	+16,057
JPCNUVEEN PFD & INCOME OPPORTUN	381,545	$3.54M	1.98%	+45,413		Timeline
CVR REFINING LP COM UNIT RE…CVR REFINING LP COM UNIT REPSTG L…	152,078	$3.54M	1.98%	+17,303
ARIAPOLLO COML REAL ESTATE FIN	211,543	$3.52M	1.97%	+24,409		Timeline
SENIOR HSG PPTYS TRSENIOR HSG PPTYS TR	155,907	$3.5M	1.96%	-60,078
SANBANCO SANTANDER SA	364,683	$3.5M	1.95%	new		Timeline
INVESCO MORTGAGE CAPITAL INCINVESCO MORTGAGE CAPITAL INC	206,199	$3.4M	1.9%	+24,419
CAPSTEAD MTG CORPCAPSTEAD MTG CORP	268,309	$3.4M	1.9%	+31,076
AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INC	234,610	$3.29M	1.84%	new
NUSTAR ENERGY LPNUSTAR ENERGY LP	59,431	$3.27M	1.83%	-20,854
EHIWESTERN ASSET GBL HIGH INC F	263,980	$3.25M	1.82%	+31,433		Timeline
TERRA NITROGEN CO L PTERRA NITROGEN CO L P	21,080	$3.21M	1.79%	new
FIFTH STREET FIN CORP COMFIFTH STREET FIN CORP COM	316,328	$2.99M	1.67%	+35,793
HYTBLACKROCK CORPOR HI YLD FD I	228,176	$2.8M	1.56%	+26,990		Timeline
WESTERN ASSET EMRG MKT INCMWESTERN ASSET EMRG MKT INCM	146,905	$1.81M	1.01%	+17,465
EDFVIRTUS STONE HBR EMRG MKTS I	97,545	$1.8M	1.01%	+19,925		Timeline
STUDENT TRANSPORTATION INCSTUDENT TRANSPORTATION INC	274,011	$1.7M	0.95%	new
WSRWHITESTONE REIT	110,211	$1.59M	0.89%	+13,102		Timeline
MUBISHARES TR	14,860	$1.59M	0.89%	new		Timeline
Market Vectors EtfMarket Vectors Etf	53,860	$1.59M	0.89%	new
OIAINVESCO MUNI INCOME OPP TRST	79,890	$527K	0.29%	+1,500		Timeline
PMMFRANKLIN MANAGED MUN INCOME	41,580	$289K	0.16%	+5,400		Timeline
BPBP PLC	2,389	$115K	0.06%	+1,713		Timeline
CONSTELLIUM SECONSTELLIUM SE	3,262	$96K	0.05%	+967
AVG TECHNOLOGIESAVG TECHNOLOGIES	4,552	$95K	0.05%	+2,408
HARRIS CORP INCHARRIS CORP INC	1,283	$94K	0.05%	+215
TE CONNECTIVITY LTDTE CONNECTIVITY LTD	1,495	$90K	0.05%	+450
SSLSASOL LTD	1,600	$89K	0.05%	new		Timeline
ATHENAHEALTH INCATHENAHEALTH INC	556	$89K	0.05%	-255
REED ELSEVIER N VREED ELSEVIER N V	1,929	$84K	0.05%	+600
IBMINTERNATIONAL BUSINESS MACHS	429	$83K	0.05%	+236		Timeline
NVSNOVARTIS AG	972	$83K	0.05%	+314		Timeline
TARO PHARMACEUTICAL INDS LTDTARO PHARMACEUTICAL INDS LTD	751	$83K	0.05%	+228
TYCO INTERNATIONAL LTDTYCO INTERNATIONAL LTD	1,958	$83K	0.05%	+614
CHICAGO BRIDGE & IRON CO NVCHICAGO BRIDGE & IRON CO NV	954	$83K	0.05%	new
BMYBRISTOL-MYERS SQUIBB CO	1,577	$82K	0.05%	+236		Timeline
DOXAMDOCS LTD	1,773	$82K	0.05%	new		Timeline
DELPHI AUTOMOTIVE PLCDELPHI AUTOMOTIVE PLC	1,207	$82K	0.05%	new
SNYSANOFI SA	1,541	$81K	0.05%	+513		Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	1,229	$81K	0.05%	+421
COVIDIEN PLCCOVIDIEN PLC	1,086	$80K	0.04%	+365
BUDANHEUSER BUSCH INBEV SA NV	752	$79K	0.04%	+254		Timeline
NUSNU SKIN ENTERPRISES INC	957	$79K	0.04%	+160		Timeline
Pentair IncPentair Inc	992	$79K	0.04%	new
Vaneck Vectors Gold Miners …Vaneck Vectors Gold Miners ETF	3,330	$79K	0.04%	new
BMOBANK OF MONTREAL	1,158	$78K	0.04%	+398		Timeline
AZNASTRAZENECA PLC-SPONS ADR	1,202	$78K	0.04%	+385		Timeline
CORE LABORATORIES N VCORE LABORATORIES N V	392	$78K	0.04%	new
ACNACCENTURE PLC IRELAND	963	$77K	0.04%	+316		Timeline
OTEXOPEN TEXT CORP	1,620	$77K	0.04%	+977		Timeline
TMTOYOTA MOTOR CORP	680	$77K	0.04%	+225		Timeline
HEWLETT PACKARD COHEWLETT PACKARD CO	2,387	$77K	0.04%	+360
ETNEATON CORP PLC	1,006	$76K	0.04%	+160		Timeline
VODVODAFONE GROUP PLC	2,071	$76K	0.04%	new		Timeline
ROYAL DUTCH SHELL PLC SPN A…ROYAL DUTCH SHELL PLC SPN ADR	1,022	$75K	0.04%	+475
SAPSAP SE	916	$74K	0.04%	+325		Timeline
NTTYYNTT, INC. AMERICAN DEPOSITARY	2,717	$74K	0.04%	+940		Timeline
TMOTHERMO FISHER SCIENTIFIC INC	595	$72K	0.04%	+88		Timeline
WPPWPP PLC NEW	695	$72K	0.04%	+219		Timeline
ALTISOURCE PORTFOLIO SOLNS SALTISOURCE PORTFOLIO SOLNS S	593	$72K	0.04%	+251
XINYUAN REAL ESTATE CO LTDXINYUAN REAL ESTATE CO LTD	14,105	$71K	0.04%	+5,599
GROUPE CGI INCGROUPE CGI INC	2,172	$67K	0.04%	+806
MYLAN INCMYLAN INC	1,346	$66K	0.04%	+205
MRKMERCK & CO INC	1,138	$65K	0.04%	+178		Timeline
MSFTMICROSOFT CORP	1,450	$59K	0.03%	+224		Timeline
EMREMERSON ELEC CO	868	$58K	0.03%	+130		Timeline
GRMNGARMIN LTD	1,025	$57K	0.03%	+154		Timeline
ABBVABBVIE INC	1,090	$56K	0.03%	+177		Timeline
PGPROCTER & GAMBLE CO	683	$55K	0.03%	+107		Timeline
SPX CORPSPX CORP	559	$55K	0.03%	+88
GENERAL ELEC COGENERAL ELEC CO	2,018	$52K	0.03%	+307
INTCINTEL CORP	1,977	$51K	0.03%	+291		Timeline
MASMASCO CORP	2,299	$51K	0.03%	+353		Timeline
XEVVXEATON VANCE LIMITED DURATION	3,350	$51K	0.03%	0		Timeline
COPCONOCOPHILLIPS	645	$45K	0.03%	+101		Timeline
BDXBECTON DICKINSON & CO	385	$45K	0.03%	+59		Timeline
PFEPFIZER INC	1,382	$44K	0.02%	+202		Timeline
ABTABBOTT LABORATORIES	1,125	$43K	0.02%	+177		Timeline
DHRDANAHER CORP DEL	573	$43K	0.02%	+88		Timeline
JPMJPMORGAN CHASE & CO	708	$43K	0.02%	+106		Timeline
CCITIGROUP INC	879	$42K	0.02%	+129		Timeline
VZVERIZON COMMUNICATIONS INC	867	$41K	0.02%	+107		Timeline
MCOMOODYS CORP	500	$40K	0.02%	+260		Timeline
SPECTRA ENERGY CORPSPECTRA ENERGY CORP	1,050	$39K	0.02%	+155
MCDMCDONALDS CORP	383	$38K	0.02%	+59		Timeline
UPSUNITED PARCEL SVCS INC	393	$38K	0.02%	+59		Timeline
AMERICAN CAPITAL LTDAMERICAN CAPITAL LTD	2,376	$38K	0.02%	+358
WINDSTREAM HLDGS INCWINDSTREAM HLDGS INC	4,244	$35K	0.02%	+630
XOMEXXON MOBIL CORP	352	$34K	0.02%	+53		Timeline
BLACKROCK DEBT STRAT FD INCBLACKROCK DEBT STRAT FD INC	7,107	$29K	0.02%	0
FIRST TR ABERDEEN GLBL OPP FFIRST TR ABERDEEN GLBL OPP F	2,000	$28K	0.02%	-173,939
TUPPERWARE BRANDS CORPTUPPERWARE BRANDS CORP	313	$26K	0.01%	+52
ERCALLSPRING MULTI SECTOR INCOM	1,400	$20K	0.01%	0		Timeline
NUVEEN PREM INCOME MUN FDNUVEEN PREM INCOME MUN FD	900	$12K	0.01%	0
NUVEEN DIVER CURRENCY OPPORNUVEEN DIVER CURRENCY OPPOR	860	$9K	0.01%	-296,810
BLACKROCK CAP INVT CORPBLACKROCK CAP INVT CORP	520	$5K	<0.01%	0
TAT&T INC	121	$4K	<0.01%	0		Timeline
TEEKAY LNG PARTNERS L PTEEKAY LNG PARTNERS L P	40	$2K	<0.01%	-71,152
SANOFISANOFI	100	$0	0%	0	Value filed as zero, left out of ratios.

Sold out in Q1 2014

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

Security	Shares before	Value before	Type
PVR PARTNERS L PPVR PARTNERS L P	125,109	$3.36M	shares
AERAERCAP HOLDINGS NV	2,547	$98K	shares
PUKPRUDENTIAL PLC	1,320	$59K	shares
SMFGSUMITOMO MITSUI FIN GRP INC	4,728	$50K	shares
FLY LEASING LTDFLY LEASING LTD	3,016	$48K	shares
INDUSTRIAS BACHOCO S A B DEINDUSTRIAS BACHOCO S A B DE	1,181	$48K	shares
STNSTANTEC INC	761	$47K	shares
MXMAGNACHIP SEMICONDUCTOR CORP	2,398	$47K	shares
DEODIAGEO PLC	349	$46K	shares
GLDSPDR GOLD TR	170	$20K	shares

How Q1 2014 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).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001398344-14-002838	superseded		2014-05-15	acceptance time not in the bulk data set	2026-10-07 19:42:28 UTC
13F-HR/A 0001398344-14-002841	base	restatement	2014-05-15	acceptance time not in the bulk data set	2026-10-07 19:42:28 UTC