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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 $131,916,000 across 41 holdings for the quarter ended 2015-09-30, in a 13F-HR filed 2015-11-12. Its ten largest share positions make up 44.88% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398344-15-007546

Period
2015-09-30
Reported value
$132M
Holdings
41
Top 10 weight
44.88%
New
5
Sold out
6

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VEREIT INCnew+389,928$3.01M
CEDAR FAIR L Pnew+51,408$2.71M
FS KKR CAPITAL CORPnew+270,096$2.52M
FPFadded+38,939$835K
FRONTIER COMMUNICATIONS CORPadded+173,494$824K

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
VANGUARDexited-312,803-$4.67M
AMERICAN RLTY CAP PPTYS INCexited-537,563-$4.37M
NORTHSTAR REITreduced-344,744-$4.26M
MEMORIAL PRODUCTION PARTNERSexited-276,144-$4.1M
BP PRUDHOE BAY RTY TRexited-57,072-$3.52M

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, Q3 2015

Share positions as resolved from 13F-HR 0001398344-15-007546, largest first. % of portfolio is the value over $131,916,000, 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; 2013Q4: restricted; 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 449,114$7.3M5.53%-155,333
CALUMET SPECIALTY PRODS PARTCALUMET SPECIALTY PRODS PARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 271,769$6.6M5%-97,268
STWDSTARWOOD PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 316,585$6.5M4.92%-121,640Timeline
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 439,339$6.36M4.82%-162,897Timeline
ARIAPOLLO COML REAL ESTATE FINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 401,385$6.31M4.78%-149,901Timeline
HOSPITALITY PROPERTIES TRUSTHOSPITALITY PROPERTIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 214,819$5.5M4.17%-74,957
KKR & CO LPKKR & CO LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 323,900$5.43M4.12%-125,254
JPCNUVEEN PFD & INCOME OPPORTUNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 601,934$5.41M4.1%+75,637Timeline
TERRA NITROGEN CO L PTERRA NITROGEN CO L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 46,757$5.04M3.82%-11,209
MMLPMARTIN MIDSTREAM PRTNRS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 194,947$4.76M3.61%-74,639Timeline
STONEMOR PARTNERS LPSTONEMOR PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 155,560$4.24M3.22%-55,480
EPREPR PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 78,646$4.06M3.07%+1,413Timeline
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 296,899$3.89M2.95%-98,867Timeline
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 741,742$3.52M2.67%+173,494
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; 2013Q4: restricted; 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 165,188$3.16M2.39%-67,662
NORTHERN TIER ENERGY LPNORTHERN TIER ENERGY LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: 138,880 shares; 2014Q2: 170,458 shares; 2014Q3: 197,023 shares; 2014Q4: 189,804 shares; 2015Q1: 188,551 shares; 2015Q2: 190,019 shares; 2015Q3: 134,027 shares 134,027$3.06M2.32%-55,992
FPFFIRST TR INTER DURATN PFD &Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: 97,648 shares; 2015Q2: 103,532 shares; 2015Q3: 142,471 shares 142,471$3.06M2.32%+38,939Timeline
AMERICAN CAP MTG INVT CORPAMERICAN CAP MTG INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 189,493$3.03M2.3%-77,800
VEREIT INCVEREIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: 389,928 shares 389,928$3.01M2.28%new
PSECPROSPECT CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 411,407$2.93M2.22%-147,203Timeline
Apollo Global ManagementApollo Global ManagementQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 157,621$2.71M2.05%-55,198
CEDAR FAIR L PCEDAR FAIR L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: 51,408 shares 51,408$2.71M2.05%new
CAPSTEAD MTG CORPCAPSTEAD MTG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 267,730$2.65M2.01%-101,437
FS KKR CAPITAL CORPFS KKR CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: not reported; 2015Q3: 270,096 shares 270,096$2.52M1.91%new
INVESCO MORTGAGE CAPITAL INCINVESCO MORTGAGE CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 204,071$2.5M1.89%-79,655
NORTHSTAR REITNORTHSTAR REITQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: 536,029 shares; 2015Q1: 531,949 shares; 2015Q2: 546,577 shares; 2015Q3: 201,833 shares 201,833$2.49M1.89%-344,744
EHIWESTERN ASSET GBL HIGH INC FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 264,734$2.38M1.8%-100,807Timeline
HYTBLACKROCK CORPOR HI YLD FD IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 228,823$2.26M1.71%-88,113Timeline
NAVIOS MARITIME PART LPNAVIOS MARITIME PART LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: 290,268 shares; 2014Q2: 348,824 shares; 2014Q3: 404,334 shares; 2014Q4: 392,522 shares; 2015Q1: 390,356 shares; 2015Q2: 401,786 shares; 2015Q3: 293,677 shares 293,677$2.14M1.62%-108,109
FIFTH STREET FIN CORP COMFIFTH STREET FIN CORP COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 323,495$2M1.51%-115,583
CVR Partners, LPCVR Partners, LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 212,948$1.99M1.51%-86,949
NEXPOINT CR STRATEGIES FDNEXPOINT CR STRATEGIES FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: 435,474 shares; 2014Q4: 436,632 shares; 2015Q1: 433,836 shares; 2015Q2: 447,115 shares; 2015Q3: 322,785 shares 322,785$1.85M1.4%-124,330
AVENUE INCOME CR STRATEGIESAVENUE INCOME CR STRATEGIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: 244,480 shares; 2014Q2: 293,480 shares; 2014Q3: 201,524 shares; 2014Q4: 158,791 shares; 2015Q1: 158,854 shares; 2015Q2: 164,981 shares; 2015Q3: 126,058 shares 126,058$1.62M1.23%-38,923
INVESCO DYNAMIC CR OPPORTUNIINVESCO DYNAMIC CR OPPORTUNIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 144,056$1.52M1.15%-54,942
SENIOR HSG PPTYS TRSENIOR HSG PPTYS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: 155,907 shares; 2014Q2: 188,620 shares; 2014Q3: 219,448 shares; 2014Q4: 211,526 shares; 2015Q1: 209,735 shares; 2015Q2: 216,130 shares; 2015Q3: 88,656 shares 88,656$1.44M1.09%-127,474
STAGSTAG INDUSTRIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: not reported; 2015Q2: 209,120 shares; 2015Q3: 78,721 shares 78,721$1.43M1.09%-130,399Timeline
MEDLEY CAP CORPMEDLEY CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: not reported; 2014Q2: not reported; 2014Q3: not reported; 2014Q4: not reported; 2015Q1: 231,530 shares; 2015Q2: 245,286 shares; 2015Q3: 181,589 shares 181,589$1.35M1.02%-63,697
WESTERN ASSET EMRG MKT INCMWESTERN ASSET EMRG MKT INCMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 2014Q1: 146,905 shares; 2014Q2: 177,706 shares; 2014Q3: 205,426 shares; 2014Q4: 196,507 shares; 2015Q1: 195,162 shares; 2015Q2: 201,053 shares; 2015Q3: 141,187 shares 141,187$1.35M1.02%-59,866
STUDENT TRANSPORTATION INCSTUDENT TRANSPORTATION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 265,972$1.08M0.82%-113,183
OIAINVESCO MUNI INCOME OPP TRSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 75,415$510K0.39%newTimeline
PMMFRANKLIN MANAGED MUN INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2013Q4: restricted; 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 39,470$282K0.21%newTimeline

Sold out in Q3 2015

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

SecurityShares beforeValue beforeType
VANGUARDVANGUARD312,803$4.67Mshares
AMERICAN RLTY CAP PPTYS INCAMERICAN RLTY CAP PPTYS INC537,563$4.37Mshares
MEMORIAL PRODUCTION PARTNERSMEMORIAL PRODUCTION PARTNERS276,144$4.1Mshares
BP PRUDHOE BAY RTY TRBP PRUDHOE BAY RTY TR57,072$3.52Mshares
WSRWHITESTONE REIT151,854$1.98Mshares
EDFVIRTUS STONE HBR EMRG MKTS I129,400$1.95Mshares

How Q3 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 0001398344-15-007546 base2015-11-12acceptance time not in the bulk data set