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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 $207,200,000 across 40 holdings for the quarter ended 2014-12-31, in a 13F-HR filed 2015-02-10. Its ten largest share positions make up 44.01% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-15-000820

Period
2014-12-31
Reported value
$207M
Holdings
40
Top 10 weight
44.01%
New
4
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
STWDnew+428,273$9.95M
Apollo Global Managementnew+400,099$9.43M
NORTHSTAR REITnew+536,029$9.42M
RITMnew+386,229$4.93M
CALUMET SPECIALTY PRODS PARTadded+179,199$4.02M

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
SANexited-1,034,976-$9.83M
EDDexited-552,159-$6.52M
SEADRILL ORDexited-177,639-$4.75M
Niska Gas Storage Partners Lexited-359,235-$4.48M
FRONTIER COMMUNICATIONS CORPreduced-594,870-$3.97M

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 2014

Share positions as resolved from 13F-HR 0001398344-15-000820, largest first. % of portfolio is the value over $207,200,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
KKR & CO LPKKR & CO LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 319,665 shares; 2014Q2: 387,577 shares; 2014Q3: 452,783 shares; 2014Q4: 437,821 shares 437,821$10.2M4.9%-14,962
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 428,273 shares 428,273$9.95M4.8%newTimeline
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 1,526,866 shares; 2014Q2: 1,829,108 shares; 2014Q3: 2,036,961 shares; 2014Q4: 1,442,091 shares 1,442,091$9.62M4.64%-594,870
Apollo Global ManagementApollo Global ManagementQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 400,099 shares 400,099$9.43M4.55%new
NORTHSTAR REITNORTHSTAR REITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 536,029 shares 536,029$9.42M4.55%new
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 386,140 shares; 2014Q2: 464,728 shares; 2014Q3: 599,510 shares; 2014Q4: 589,511 shares 589,511$9.2M4.44%-9,999Timeline
EPREPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 136,492 shares; 2014Q2: 165,004 shares; 2014Q3: 190,688 shares; 2014Q4: 148,424 shares 148,424$8.55M4.13%-42,264Timeline
AMERICAN CAP MTG INVT CORPAMERICAN CAP MTG INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 337,858 shares; 2014Q2: 405,296 shares; 2014Q3: 469,456 shares; 2014Q4: 451,699 shares 451,699$8.51M4.11%-17,757
HOSPITALITY PROPERTIES TRUSTHOSPITALITY PROPERTIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 232,429 shares; 2014Q2: 281,115 shares; 2014Q3: 327,975 shares; 2014Q4: 269,707 shares 269,707$8.36M4.04%-58,268
CALUMET SPECIALTY PRODS PARTCALUMET SPECIALTY PRODS PARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 176,919 shares; 2014Q4: 356,118 shares 356,118$7.98M3.85%+179,199
PSECPROSPECT CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 578,867 shares; 2014Q2: 699,325 shares; 2014Q3: 963,532 shares; 2014Q4: 943,337 shares 943,337$7.79M3.76%-20,195Timeline
MMLPMARTIN MIDSTREAM PRTNRS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 123,799 shares; 2014Q4: 268,306 shares 268,306$7.21M3.48%+144,507Timeline
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; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 152,078 shares; 2014Q2: 182,605 shares; 2014Q3: 210,943 shares; 2014Q4: 392,212 shares 392,212$6.59M3.18%+181,269
STONEMOR PARTNERS LPSTONEMOR PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 154,304 shares; 2014Q2: 185,122 shares; 2014Q3: 215,423 shares; 2014Q4: 208,893 shares 208,893$5.38M2.6%-6,530
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 386,229 shares 386,229$4.93M2.38%newTimeline
JPCNUVEEN PFD & INCOME OPPORTUNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 381,545 shares; 2014Q2: 461,709 shares; 2014Q3: 535,705 shares; 2014Q4: 513,958 shares 513,958$4.91M2.37%-21,747Timeline
NEXPOINT CR STRATEGIES FDNEXPOINT CR STRATEGIES FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 435,474 shares; 2014Q4: 436,632 shares 436,632$4.9M2.37%+1,158
ARIAPOLLO COML REAL ESTATE FINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 211,543 shares; 2014Q2: 253,739 shares; 2014Q3: 296,100 shares; 2014Q4: 287,799 shares 287,799$4.71M2.27%-8,301Timeline
SENIOR HSG PPTYS TRSENIOR HSG PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 155,907 shares; 2014Q2: 188,620 shares; 2014Q3: 219,448 shares; 2014Q4: 211,526 shares 211,526$4.68M2.26%-7,922
VANGUARDVANGUARDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 226,996 shares; 2014Q2: 273,155 shares; 2014Q3: 317,661 shares; 2014Q4: 308,504 shares 308,504$4.65M2.24%-9,157
AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 234,610 shares; 2014Q2: 672,695 shares; 2014Q3: 783,553 shares; 2014Q4: 512,690 shares 512,690$4.64M2.24%-270,863
CAPSTEAD MTG CORPCAPSTEAD MTG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 268,309 shares; 2014Q2: 323,245 shares; 2014Q3: 374,103 shares; 2014Q4: 360,332 shares 360,332$4.42M2.14%-13,771
INVESCO MORTGAGE CAPITAL INCINVESCO MORTGAGE CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 206,199 shares; 2014Q2: 249,375 shares; 2014Q3: 289,097 shares; 2014Q4: 277,526 shares 277,526$4.29M2.07%-11,571
NORTHERN TIER ENERGY LPNORTHERN TIER ENERGY LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 138,880 shares; 2014Q2: 170,458 shares; 2014Q3: 197,023 shares; 2014Q4: 189,804 shares 189,804$4.2M2.03%-7,219
NAVIOS MARITIME PART LPNAVIOS MARITIME PART LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 290,268 shares; 2014Q2: 348,824 shares; 2014Q3: 404,334 shares; 2014Q4: 392,522 shares 392,522$3.99M1.93%-11,812
EHIWESTERN ASSET GBL HIGH INC FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 263,980 shares; 2014Q2: 319,538 shares; 2014Q3: 371,282 shares; 2014Q4: 356,898 shares 356,898$3.96M1.91%-14,384Timeline
BP PRUDHOE BAY RTY TRBP PRUDHOE BAY RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 78,003 shares; 2014Q2: 94,032 shares; 2014Q3: 109,491 shares; 2014Q4: 56,845 shares 56,845$3.85M1.86%-52,646
SHIP FINANCE INTL LTDSHIP FINANCE INTL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 202,182 shares; 2014Q2: 243,534 shares; 2014Q3: 281,815 shares; 2014Q4: 271,297 shares 271,297$3.83M1.85%-10,518
HYTBLACKROCK CORPOR HI YLD FD IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 228,176 shares; 2014Q2: 275,532 shares; 2014Q3: 321,876 shares; 2014Q4: 312,322 shares 312,322$3.56M1.72%-9,554Timeline
FIFTH STREET FIN CORP COMFIFTH STREET FIN CORP COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 316,328 shares; 2014Q2: 378,994 shares; 2014Q3: 441,955 shares; 2014Q4: 429,251 shares 429,251$3.44M1.66%-12,704
TERRA NITROGEN CO L PTERRA NITROGEN CO L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 21,080 shares; 2014Q2: 25,388 shares; 2014Q3: 29,767 shares; 2014Q4: 28,912 shares 28,912$2.97M1.43%-855
CVR Partners, LPCVR Partners, LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 222,019 shares; 2014Q2: 267,066 shares; 2014Q3: 308,384 shares; 2014Q4: 296,343 shares 296,343$2.89M1.39%-12,041
AVENUE INCOME CR STRATEGIESAVENUE INCOME CR STRATEGIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 244,480 shares; 2014Q2: 293,480 shares; 2014Q3: 201,524 shares; 2014Q4: 158,791 shares 158,791$2.4M1.16%-42,733
STUDENT TRANSPORTATION INCSTUDENT TRANSPORTATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 274,011 shares; 2014Q2: 331,591 shares; 2014Q3: 385,053 shares; 2014Q4: 370,315 shares 370,315$2.31M1.11%-14,738
INVESCO DYNAMIC CR OPPORTUNIINVESCO DYNAMIC CR OPPORTUNIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 198,593 shares; 2014Q4: 194,313 shares 194,313$2.3M1.11%-4,280
WSRWHITESTONE REITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 110,211 shares; 2014Q2: 133,309 shares; 2014Q3: 154,593 shares; 2014Q4: 148,374 shares 148,374$2.24M1.08%-6,219Timeline
WESTERN ASSET EMRG MKT INCMWESTERN ASSET EMRG MKT INCMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 146,905 shares; 2014Q2: 177,706 shares; 2014Q3: 205,426 shares; 2014Q4: 196,507 shares 196,507$2.15M1.04%-8,919
EDFVIRTUS STONE HBR EMRG MKTS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 97,545 shares; 2014Q2: 116,035 shares; 2014Q3: 132,371 shares; 2014Q4: 127,042 shares 127,042$1.97M0.95%-5,329Timeline
OIAINVESCO MUNI INCOME OPP TRSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 79,890 shares; 2014Q2: 79,890 shares; 2014Q3: 77,890 shares; 2014Q4: 76,090 shares 76,090$531K0.26%-1,800Timeline
PMMFRANKLIN MANAGED MUN INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q1: restricted; 2013Q2: restricted; 2013Q3: restricted; 2013Q4: restricted; 2014Q1: 41,580 shares; 2014Q2: 40,270 shares; 2014Q3: 40,270 shares; 2014Q4: 40,270 shares 40,270$292K0.14%0Timeline

Sold out in Q4 2014

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

SecurityShares beforeValue beforeType
SANBANCO SANTANDER SA1,034,976$9.83Mshares
EDDMORGAN STANLEY EMERGING MKTS552,159$6.52Mshares
SEADRILL ORDSEADRILL ORD177,639$4.75Mshares
Niska Gas Storage Partners LNiska Gas Storage Partners L359,235$4.48Mshares
OCH ZIFF CAP MGMT GROUP CL AOCH ZIFF CAP MGMT GROUP CL A309,515$3.31Mshares
VOYA PRIME RATE TRUSTVOYA PRIME RATE TRUST461,792$2.54Mshares

How Q4 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398344-15-000820 base2015-02-10acceptance time not in the bulk data set