BEACH INVESTMENT COUNSEL INC PA's Q1 2022 13F: 37 new positions, 15 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed Apr 28, 2022 · 164 reported positions · accession 0001058800-22-000005 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | NextEra Energy Partners (XIFR) | — | 9.7% | +9.7 pts | +1.11M sh | new |
| New | Enterprise Prod Partners (EPD) | — | 6.4% | +6.4 pts | +2.34M sh | new |
| New | Energy Transfer LP (ET) | — | 3.4% | +3.4 pts | +2.85M sh | new |
| New | NextEra Energy, Inc. (NEE) | — | 3.0% | +3.0 pts | +335K sh | new |
| Exited | Pulte Homes Inc. (PHM) | 3.0% | — | −3.0 pts | −396K sh | −100% |
| Exited | NRG Energy (NRG) | 2.6% | — | −2.6 pts | −450K sh | −100% |
| New | MPLX LP (MPLX) | — | 2.5% | +2.5 pts | +714K sh | new |
| New | Magellan Midstream Partners, L (MMP) | — | 2.5% | +2.5 pts | +481K sh | new |
| Exited | Lennar Corporation Cl A (LEN) | 2.4% | — | −2.4 pts | −155K sh | −100% |
| New | Dominion Energy (D) | — | 1.8% | +1.8 pts | +202K sh | new |
| New | Kennedy-Wilson Holdings Inc. (KW) | — | 1.7% | +1.7 pts | +650K sh | new |
| Reduced | Alphabet, Inc. Cl A (GOOGL) | 3.6% | 1.2% | −2.4 pts | −5,434 sh | −58% |
| Exited | Broadcom, Inc (AVGO) | 1.6% | — | −1.6 pts | −17,694 sh | −100% |
| Reduced | Amazon.com Inc. (AMZN) | 3.5% | 1.3% | −2.3 pts | −4,396 sh | −55% |
| Reduced | Freeport McMoran Inc. (FCX) | 3.4% | 1.8% | −1.6 pts | −271K sh | −45% |
| New | XCEL Energy Inc. (XEL) | — | 1.4% | +1.4 pts | +184K sh | new |
| New | Ameren Corp (AEE) | — | 1.3% | +1.3 pts | +132K sh | new |
| New |
Shell PLC ADR (SHEL)
new — newly listed security (e.g. spin-off)
|
— | 1.2% | +1.2 pts | +209K sh | new |
| Reduced | Howard Hughes Corp. (HHC) | 5.2% | 3.2% | −2.0 pts | −93,543 sh | −24% |
| New | Weyerhaeuser (WY) | — | 1.0% | +1.0 pts | +245K sh | new |
| New | DTE Energy (DTE) | — | 0.9% | +0.9 pts | +67,421 sh | new |
| New | Enviva Partners LP (EVA) | — | 0.9% | +0.9 pts | +102K sh | new |
| New | Newmont Mining Corp. (NEM) | — | 0.9% | +0.9 pts | +101K sh | new |
| New | CenterPoint Energy, Inc. (CNP) | — | 0.8% | +0.8 pts | +253K sh | new |
| New | Clearway Energy, Inc. (CWEN) | — | 0.8% | +0.8 pts | +211K sh | new |
| Increased | Chevron (CVX) | 0.8% | 1.7% | +0.9 pts | +46,720 sh | +89% |
| Exited | Uber Technologies, Inc. (UBER) | 0.8% | — | −0.8 pts | −136K sh | −100% |
| Exited | United Parcel Service Inc. (UPS) | 0.6% | — | −0.6 pts | −21,876 sh | −100% |
| Exited | Qualcomm (QCOM) | 0.6% | — | −0.6 pts | −25,452 sh | −100% |
| New | Healthpeak Properties (PEAK) | — | 0.6% | +0.6 pts | +162K sh | new |
| Reduced | Microsoft (MSFT) | 3.5% | 2.0% | −1.5 pts | −17,954 sh | −23% |
| Reduced | Coca Cola Co. (KO) | 2.6% | 1.6% | −1.0 pts | −88,901 sh | −27% |
| Reduced | J.P. Morgan Chase (JPM) | 2.7% | 1.3% | −1.4 pts | −39,875 sh | −31% |
| Exited | Charter Communications, Inc. (CHTR) | 0.6% | — | −0.6 pts | −6,535 sh | −100% |
| Reduced | Medtronic (MDT) | 1.4% | 0.7% | −0.8 pts | −46,412 sh | −44% |
| Reduced | PNC Bank Corp. (PNC) | 1.1% | 0.3% | −0.8 pts | −27,871 sh | −67% |
| Reduced | Siemens AG ADR (SIEGY) | 1.6% | 0.5% | −1.1 pts | −72,224 sh | −53% |
| Reduced | Vistra Energy Corp (VST) | 2.6% | 1.6% | −1.0 pts | −200K sh | −23% |
| New | National Grid (NGG) | — | 0.5% | +0.5 pts | +59,780 sh | new |
| New | Verizon Comm (VZ) | — | 0.5% | +0.5 pts | +89,942 sh | new |
| Exited | Constellation Brands (STZ) | 0.5% | — | −0.5 pts | −14,397 sh | −100% |
| Reduced | Crown Holdings Inc . (CCK) | 2.0% | 1.3% | −0.7 pts | −35,982 sh | −27% |
| Exited | Sherwin Williams Co. (SHW) | 0.4% | — | −0.4 pts | −9,068 sh | −100% |
| Reduced | T-Mobile US, Inc. (TMUS) | 0.5% | 0.1% | −0.5 pts | −30,684 sh | −87% |
| Reduced | Mondelez International Inc. (MDLZ) | 2.2% | 1.3% | −1.0 pts | −62,185 sh | −25% |
| Reduced | Bank of America (BAC) | 1.3% | 0.6% | −0.7 pts | −92,916 sh | −41% |
| New | Centene Corp (CNC) | — | 0.4% | +0.4 pts | +41,762 sh | new |
| Reduced | Nestle Spons ADR (NSRGY) | 3.1% | 2.0% | −1.2 pts | −25,893 sh | −15% |
| Reduced | Truist Financial Corporation (TFC) | 1.2% | 0.6% | −0.6 pts | −58,124 sh | −38% |
| New | Costamare Inc. (CMRE) | — | 0.3% | +0.3 pts | +193K sh | new |
The 50 largest of 108 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 — 38.4% of the equity book
Changes in the top 10 this quarter: XIFR entered · EPD entered · ET entered · NEE entered · MPLX entered · MMP entered · GOOGL left · AMZN left · MSFT left · FCX left · NSRGY left · PHM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NextEra Energy Partners (XIFR) | 0.0% | 9.7% | Entered the top 10 |
| 2 | Enterprise Prod Partners (EPD) | 0.0% | 6.4% | Entered the top 10 |
| 3 | Energy Transfer LP (ET) | 0.0% | 3.4% | Entered the top 10 |
| 4 | Howard Hughes Corp. (HHC) | 5.2% | 3.2% | |
| 5 | NextEra Energy, Inc. (NEE) | 0.0% | 3.0% | Entered the top 10 |
| 6 | Apple Computer (AAPL) | 3.8% | 3.0% | |
| 7 | UnitedHealth Group (UNH) | 3.5% | 2.5% | |
| 8 | MPLX LP (MPLX) | 0.0% | 2.5% | Entered the top 10 |
| 9 | Magellan Midstream Partners, L (MMP) | 0.0% | 2.5% | Entered the top 10 |
| 10 | Johnson & Johnson (JNJ) | 3.1% | 2.2% | |
| — | Alphabet, Inc. Cl A (GOOGL) | 3.6% | 1.2% | Left the top 10 |
| — | Amazon.com Inc. (AMZN) | 3.5% | 1.3% | Left the top 10 |
| — | Microsoft (MSFT) | 3.5% | 2.0% | Left the top 10 |
| — | Freeport McMoran Inc. (FCX) | 3.4% | 1.8% | Left the top 10 |
| — | Nestle Spons ADR (NSRGY) | 3.1% | 2.0% | Left the top 10 |
| — | Pulte Homes Inc. (PHM) | 3.0% | 0.0% | 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).