BEACH INVESTMENT COUNSEL INC PA's Q3 2021 13F: 2 new positions, 5 exits
Form 13F-HR for the quarter ended Sep 30, 2021 · filed Nov 4, 2021 · 174 reported positions · accession 0001058800-21-000005
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | NRG Energy (NRG) | 0.4% | 1.9% | +1.5 pts | +372K sh | +325% |
| Reduced | Bank of America (BAC) | 2.5% | 1.5% | −1.0 pts | −297K sh | −45% |
| Exited | CSX Corp. (CSX) | 1.1% | — | −1.1 pts | −371K sh | −100% |
| Increased | Vistra Energy Corp (VST) | 0.2% | 1.3% | +1.1 pts | +654K sh | +435% |
| Reduced | Fedex (FDX) | 1.5% | 0.2% | −1.3 pts | −46,936 sh | −82% |
| Increased | Amazon.com Inc. (AMZN) | 2.3% | 3.3% | +0.9 pts | +2,946 sh | +39% |
| Reduced | Facebook (META) | 0.9% | 0.2% | −0.7 pts | −23,063 sh | −81% |
| Reduced | Mondelez International Inc. (MDLZ) | 1.1% | 0.6% | −0.6 pts | −104K sh | −51% |
| Reduced | Chubb Ltd. (CB) | 1.8% | 1.6% | −0.2 pts | −31,933 sh | −25% |
| Reduced | Charter Communications, Inc. (CHTR) | 0.8% | 0.4% | −0.4 pts | −6,274 sh | −49% |
| Reduced | T-Mobile US, Inc. (TMUS) | 0.9% | 0.4% | −0.5 pts | −32,929 sh | −49% |
| Exited | Pioneer Natural Resources (PXD) | 0.3% | — | −0.3 pts | −23,646 sh | −100% |
| Reduced | Truist Financial Corporation (TFC) | 1.4% | 1.3% | −0.1 pts | −47,134 sh | −17% |
| Reduced | PNC Bank Corp. (PNC) | 1.4% | 1.3% | −0.1 pts | −13,945 sh | −17% |
| Increased | Pulte Homes Inc. (PHM) | 1.2% | 1.3% | +0.1 pts | +57,457 sh | +24% |
| Increased | Coca Cola Co. (KO) | 1.0% | 1.2% | +0.2 pts | +35,821 sh | +17% |
| Reduced | Freeport McMoran Inc. (FCX) | 2.4% | 2.0% | −0.3 pts | −46,665 sh | −7% |
| Reduced | Microsoft (MSFT) | 2.1% | 2.1% | +0.1 pts | −5,215 sh | −6% |
| Increased | Alphabet, Inc. Cl A (GOOGL) | 1.9% | 2.3% | +0.4 pts | +485 sh | +6% |
| Reduced | Costco Wholesale (COST) | 0.4% | 0.3% | 0.0 pts | −2,750 sh | −27% |
| Reduced | Thermo Fisher Scientific (TMO) | 0.7% | 0.7% | 0.0 pts | −2,010 sh | −13% |
| New | Vanguard Cap Opp Inv ADM | — | 0.1% | +0.1 pts | +5,061 sh | new |
| Exited | Vanguard Cap Opp Inv ADM | 0.1% | — | −0.1 pts | −5,061 sh | −100% |
| Reduced | National Grid (NGG) | 0.4% | 0.3% | −0.1 pts | −12,465 sh | −17% |
| Reduced | Berkshire Hathaway B (BRK-B) | 0.8% | 0.7% | 0.0 pts | −2,602 sh | −9% |
| Increased | Lennar Corporation Cl A (LEN) | 1.3% | 1.4% | +0.1 pts | +7,026 sh | +5% |
| Reduced | NextEra Energy Partners (XIFR) | 9.9% | 10.3% | +0.4 pts | −8,102 sh | −1% |
| Reduced | CVS Health Corp (CVS) | 0.3% | 0.3% | 0.0 pts | −6,785 sh | −16% |
| Reduced | UnitedHealth Group (UNH) | 2.0% | 2.0% | 0.0 pts | −1,201 sh | −2% |
| Reduced | Teekay LNG Partners (TGP) | 3.0% | 3.2% | +0.2 pts | −27,121 sh | −1% |
| Reduced | Abbott Laboratories (ABT) | 0.7% | 0.8% | 0.0 pts | −2,732 sh | −4% |
| Increased | Anheuser-Busch Inbev ADR (BUD) | 0.5% | 0.4% | 0.0 pts | +5,362 sh | +8% |
| Reduced | Kinder Morgan Inc. (KMI) | 0.1% | 0.1% | 0.0 pts | −17,178 sh | −24% |
| Reduced | Unilever PLC (UL) | 0.4% | 0.4% | 0.0 pts | −5,295 sh | −7% |
| Exited | SPDR Index Shs S&P China (GXC) | 0.0% | — | 0.0 pts | −2,100 sh | −100% |
| Increased | Deutsche Telekom AG ADR (DTEGY) | 0.1% | 0.1% | 0.0 pts | +12,350 sh | +28% |
| New | Royal Dutch Shell (RDSA) | — | 0.0% | 0.0 pts | +4,857 sh | new |
| Exited | Phillips 66 (PSX) | 0.0% | — | 0.0 pts | −2,460 sh | −100% |
| Reduced | Howard Hughes Corp. (HHC) | 3.4% | 3.2% | −0.2 pts | −2,230 sh | −1% |
| Reduced | Pepsico (PEP) | 0.4% | 0.5% | 0.0 pts | −1,301 sh | −4% |
| Reduced | Veolia Environnement ADR (VEOEY) | 0.2% | 0.2% | 0.0 pts | −5,622 sh | −9% |
| Reduced | Brookfield Infrastructure Part (BIP) | 0.6% | 0.6% | 0.0 pts | −3,000 sh | −3% |
| Reduced | Kimberly Clark (KMB) | 0.2% | 0.1% | 0.0 pts | −1,200 sh | −9% |
| Reduced | Procter & Gamble (PG) | 0.7% | 0.7% | +0.1 pts | −1,099 sh | −2% |
| Reduced | Apple Computer (AAPL) | 2.0% | 2.2% | +0.2 pts | −930 sh | −1% |
| Reduced | Crown Castle Intl. (CCI) | 0.1% | 0.1% | 0.0 pts | −648 sh | −17% |
| Reduced | Raytheon Technologies (RTX) | 0.5% | 0.5% | 0.0 pts | −1,301 sh | −2% |
| Reduced | Healthpeak Properties (PEAK) | 0.5% | 0.5% | 0.0 pts | −3,000 sh | −2% |
| Reduced | MPLX LP (MPLX) | 1.9% | 1.9% | 0.0 pts | −3,480 sh | 0% |
| Reduced | Fidelity Investments Money Mar | 0.1% | 0.1% | 0.0 pts | −84,000 sh | −7% |
The 50 largest of 78 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- General Electric (GE): 369604103 → 369604301, 36,134 → 4,512 shares (share count change consistent with a stock split)
Top 10 positions — 38.2% of the equity book
Changes in the top 10 this quarter: GOOGL entered · AAPL entered · BAC left · FCX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NextEra Energy Partners (XIFR) | 9.9% | 10.3% | |
| 2 | Enterprise Prod Partners (EPD) | 6.0% | 5.7% | |
| 3 | Amazon.com Inc. (AMZN) | 2.3% | 3.3% | |
| 4 | Howard Hughes Corp. (HHC) | 3.4% | 3.2% | |
| 5 | Teekay LNG Partners (TGP) | 3.0% | 3.2% | |
| 6 | NextEra Energy, Inc. (NEE) | 2.7% | 3.0% | |
| 7 | Magellan Midstream Partners, L (MMP) | 2.6% | 2.5% | |
| 8 | J.P. Morgan Chase (JPM) | 2.3% | 2.5% | |
| 9 | Alphabet, Inc. Cl A (GOOGL) | 1.9% | 2.3% | Entered the top 10 |
| 10 | Apple Computer (AAPL) | 2.0% | 2.2% | Entered the top 10 |
| — | Bank of America (BAC) | 2.5% | 1.5% | Left the top 10 |
| — | Freeport McMoran Inc. (FCX) | 2.4% | 2.0% | 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).