BEACH INVESTMENT COUNSEL INC PA's Q4 2020 13F: 14 new positions, 7 exits
Form 13F-HR for the quarter ended Dec 31, 2020 · filed Feb 10, 2021 · 150 reported positions · accession 0001058800-21-000001
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | Freeport McMoran Inc. (FCX) | — | 2.4% | +2.4 pts | +956K sh | new |
| Reduced | Energy Transfer LP (ET) | 2.1% | 0.1% | −2.0 pts | −3.14M sh | −96% |
| New | MPLX LP (MPLX) | — | 1.5% | +1.5 pts | +744K sh | new |
| Increased | Enterprise Prod Partners (EPD) | 4.1% | 5.2% | +1.2 pts | +619K sh | +28% |
| New | CSX Corp. (CSX) | — | 1.1% | +1.1 pts | +133K sh | new |
| Increased | Chubb Ltd. (CB) | 0.1% | 1.1% | +1.0 pts | +68,430 sh | +1734% |
| New | Dominion Resources (D) | — | 0.8% | +0.8 pts | +111K sh | new |
| Increased | Pulte Homes Inc. (PHM) | 0.7% | 1.3% | +0.6 pts | +188K sh | +156% |
| Increased | UnitedHealth Group (UNH) | 1.7% | 2.3% | +0.6 pts | +22,424 sh | +48% |
| Exited | Bristol Myers Squibb (BMY) | 0.7% | — | −0.7 pts | −103K sh | −100% |
| Increased | Bank of America (BAC) | 1.2% | 2.0% | +0.7 pts | +245K sh | +56% |
| New | DTE Energy (DTE) | — | 0.6% | +0.6 pts | +56,035 sh | new |
| Increased | Emerson Electric Co. (EMR) | 0.1% | 0.7% | +0.6 pts | +83,522 sh | +656% |
| Exited | Unilever NV NY (UN) | 0.6% | — | −0.6 pts | −84,830 sh | −100% |
| Increased | Lennar Corporation Cl A (LEN) | 1.0% | 1.3% | +0.3 pts | +81,139 sh | +78% |
| Increased | Raytheon Technologies (RTX) | 0.0% | 0.6% | +0.6 pts | +83,924 sh | +2232% |
| New | Unilever PLC (UL) | — | 0.5% | +0.5 pts | +83,915 sh | new |
| Reduced | Johnson & Johnson (JNJ) | 3.4% | 2.4% | −0.9 pts | −28,717 sh | −15% |
| Reduced | NRG Energy (NRG) | 2.5% | 2.1% | −0.5 pts | −117K sh | −17% |
| Reduced | Becton Dickinson (BDX) | 0.7% | 0.2% | −0.5 pts | −17,447 sh | −67% |
| Reduced | Vistra Energy Corp (VST) | 2.7% | 1.9% | −0.8 pts | −209K sh | −17% |
| Increased | PNC Bank Corp. (PNC) | 0.8% | 1.3% | +0.5 pts | +26,901 sh | +42% |
| Increased | Qualcomm (QCOM) | 1.2% | 1.6% | +0.4 pts | +26,297 sh | +31% |
| Increased | Truist Financial Corporation (TFC) | 0.6% | 0.9% | +0.3 pts | +73,309 sh | +58% |
| Increased | Kennedy-Wilson Holdings Inc. (KW) | 0.5% | 0.9% | +0.3 pts | +191K sh | +61% |
| Reduced | Microsoft (MSFT) | 2.0% | 1.4% | −0.6 pts | −14,400 sh | −18% |
| Increased | Alphabet, Inc. Cl A (GOOGL) | 1.4% | 1.7% | +0.3 pts | +1,821 sh | +22% |
| Increased | Healthpeak Properties (PEAK) | 0.6% | 0.8% | +0.2 pts | +98,690 sh | +54% |
| Increased | D. R. Horton (DHI) | 1.4% | 1.3% | −0.1 pts | +42,054 sh | +26% |
| Increased | XCEL Energy Inc. (XEL) | 1.5% | 1.4% | −0.1 pts | +42,821 sh | +23% |
| Reduced | Mondelez International Inc. (MDLZ) | 2.8% | 2.0% | −0.7 pts | −44,480 sh | −11% |
| New | Flushing Financial (FFIC) | — | 0.2% | +0.2 pts | +154K sh | new |
| Exited | Alibaba Group Holdings Ltd (BABA) | 0.2% | — | −0.2 pts | −6,440 sh | −100% |
| Reduced | Facebook (META) | 1.8% | 1.3% | −0.5 pts | −8,474 sh | −14% |
| Reduced | Amazon.com Inc. (AMZN) | 2.6% | 1.9% | −0.6 pts | −700 sh | −10% |
| Increased | Berkshire Hathaway B (BRK-B) | 0.5% | 0.7% | +0.2 pts | +9,831 sh | +48% |
| Reduced | T-Mobile US, Inc. (TMUS) | 1.0% | 0.7% | −0.2 pts | −13,019 sh | −18% |
| Reduced | Charter Communications, Inc. (CHTR) | 1.0% | 0.7% | −0.3 pts | −2,646 sh | −19% |
| Increased | Coca Cola Co. (KO) | 1.2% | 1.3% | 0.0 pts | +29,420 sh | +14% |
| Reduced | Kinder Morgan Inc. (KMI) | 0.3% | 0.1% | −0.2 pts | −116K sh | −62% |
| Increased | Howard Hughes Corp. (HHC) | 2.8% | 3.2% | +0.4 pts | +17,836 sh | +4% |
| Reduced | National Fuel Gas Co. (NFG) | 0.8% | 0.6% | −0.3 pts | −31,620 sh | −18% |
| Increased | J.P. Morgan Chase (JPM) | 2.2% | 2.4% | +0.2 pts | +6,515 sh | +3% |
| Reduced | National Grid (NGG) | 0.6% | 0.4% | −0.2 pts | −13,425 sh | −15% |
| Reduced | AT&T (T) | 0.3% | 0.2% | −0.1 pts | −25,746 sh | −26% |
| Reduced | Weyerhaeuser (WY) | 1.1% | 0.9% | −0.1 pts | −21,570 sh | −7% |
| Reduced | Apple Computer (AAPL) | 2.5% | 2.2% | −0.3 pts | −5,385 sh | −3% |
| New | E.ON SE ADR (EONGY) | — | 0.1% | +0.1 pts | +63,150 sh | new |
| New | Swiss Re ADR (SSREY) | — | 0.1% | +0.1 pts | +26,765 sh | new |
| Increased | Siemens AG ADR (SIEGY) | 0.1% | 0.1% | 0.0 pts | +7,370 sh | +76% |
The 50 largest of 115 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 36.1% of the equity book
Changes in the top 10 this quarter: MMP entered · JPM entered · FCX entered · UNH entered · MDLZ left · NSRGY left · VST left · AMZN left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NextEra Energy Partners (XIFR) | 11.3% | 10.2% | |
| 2 | Enterprise Prod Partners (EPD) | 4.1% | 5.2% | |
| 3 | Howard Hughes Corp. (HHC) | 2.8% | 3.2% | |
| 4 | NextEra Energy, Inc. (NEE) | 3.4% | 3.0% | |
| 5 | Magellan Midstream Partners, L (MMP) | 2.5% | 2.6% | Entered the top 10 |
| 6 | Johnson & Johnson (JNJ) | 3.4% | 2.4% | |
| 7 | J.P. Morgan Chase (JPM) | 2.2% | 2.4% | Entered the top 10 |
| 8 | Teekay LNG Partners (TGP) | 2.7% | 2.4% | |
| 9 | Freeport McMoran Inc. (FCX) | 0.0% | 2.4% | Entered the top 10 |
| 10 | UnitedHealth Group (UNH) | 1.7% | 2.3% | Entered the top 10 |
| — | Mondelez International Inc. (MDLZ) | 2.8% | 2.0% | Left the top 10 |
| — | Nestle Spons ADR (NSRGY) | 2.7% | 2.2% | Left the top 10 |
| — | Vistra Energy Corp (VST) | 2.7% | 1.9% | Left the top 10 |
| — | Amazon.com Inc. (AMZN) | 2.6% | 1.9% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).