BEACH INVESTMENT COUNSEL INC PA's Q2 2022 13F: 2 new positions, 10 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 22, 2022 · 157 reported positions · accession 0001058800-22-000010
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | NextEra Energy Partners (XIFR) | 9.7% | 12.1% | +2.3 pts | +195K sh | +18% |
| Increased | TotalEnergies SE Sponsored ADR (TTE) | 0.6% | 1.6% | +1.0 pts | +139K sh | +130% |
| Reduced | Chubb Ltd. (CB) | 1.3% | 0.7% | −0.6 pts | −29,450 sh | −50% |
| Reduced | NextEra Energy, Inc. (NEE) | 3.0% | 2.5% | −0.5 pts | −73,107 sh | −22% |
| Reduced | Microsoft (MSFT) | 2.0% | 1.3% | −0.7 pts | −21,878 sh | −36% |
| Reduced | Dominion Energy (D) | 1.8% | 1.4% | −0.4 pts | −64,346 sh | −32% |
| Reduced | Crown Holdings Inc . (CCK) | 1.3% | 0.5% | −0.8 pts | −51,006 sh | −52% |
| Reduced | XCEL Energy Inc. (XEL) | 1.4% | 1.1% | −0.3 pts | −61,075 sh | −33% |
| Reduced | Abbott Laboratories (ABT) | 0.5% | 0.1% | −0.5 pts | −38,694 sh | −89% |
| Reduced | Ameren Corp (AEE) | 1.3% | 1.0% | −0.3 pts | −43,836 sh | −33% |
| Increased | BAE Systems PLC Sponsored ADR (BAESY) | 0.7% | 1.3% | +0.6 pts | +90,355 sh | +53% |
| Increased | Raytheon Technologies (RTX) | 0.4% | 0.9% | +0.5 pts | +36,203 sh | +91% |
| Exited | Centene Corp (CNC) | 0.4% | — | −0.4 pts | −41,762 sh | −100% |
| Reduced | DTE Energy (DTE) | 0.9% | 0.7% | −0.2 pts | −22,322 sh | −33% |
| Exited | Costamare Inc. (CMRE) | 0.3% | — | −0.3 pts | −193K sh | −100% |
| Reduced | Amazon.com Inc. (AMZN) | 1.3% | 0.7% | −0.6 pts | −22,520 sh | −31% |
| Reduced | Truist Financial Corporation (TFC) | 0.6% | 0.3% | −0.3 pts | −46,431 sh | −48% |
| Reduced | Alphabet, Inc. Cl A (GOOGL) | 1.2% | 0.8% | −0.4 pts | −1,009 sh | −25% |
| Reduced | Medtronic (MDT) | 0.7% | 0.4% | −0.3 pts | −22,925 sh | −39% |
| Increased | Shell PLC ADR (SHEL) | 1.2% | 1.6% | +0.4 pts | +37,104 sh | +18% |
| Exited | Discovery Inc. C (DISCK) | 0.2% | — | −0.2 pts | −65,770 sh | −100% |
| Reduced | Bank of America (BAC) | 0.6% | 0.4% | −0.2 pts | −39,490 sh | −30% |
| New |
Warner Bros. Discovery A (WBD)
new — newly listed security (e.g. spin-off)
|
— | 0.1% | +0.1 pts | +87,314 sh | new |
| Reduced | Triton International Ltd. (TRTN) | 0.3% | 0.2% | −0.1 pts | −16,403 sh | −38% |
| Reduced | Apple Computer (AAPL) | 3.0% | 2.7% | −0.3 pts | −5,155 sh | −3% |
| Reduced | Procter & Gamble (PG) | 0.9% | 0.9% | 0.0 pts | −4,509 sh | −8% |
| Reduced | Pepsico (PEP) | 0.5% | 0.5% | 0.0 pts | −3,820 sh | −13% |
| Reduced | Becton Dickinson (BDX) | 0.2% | 0.1% | 0.0 pts | −1,950 sh | −29% |
| Reduced | Siemens AG ADR (SIEGY) | 0.5% | 0.4% | −0.1 pts | −9,408 sh | −15% |
| Reduced | Johnson & Johnson (JNJ) | 2.2% | 2.6% | +0.4 pts | −2,417 sh | −2% |
| Increased | Enterprise Prod Partners (EPD) | 6.4% | 7.2% | +0.8 pts | +12,596 sh | +1% |
| Reduced | Nestle Spons ADR (NSRGY) | 2.0% | 2.1% | +0.1 pts | −2,455 sh | −2% |
| Reduced | Novartis (NVS) | 0.5% | 0.5% | 0.0 pts | −3,365 sh | −6% |
| Reduced | Berkshire Hathaway B (BRK-B) | 1.0% | 0.9% | −0.1 pts | −955 sh | −3% |
| Reduced | Automatic Data Processing (ADP) | 0.4% | 0.4% | 0.0 pts | −1,200 sh | −7% |
| Increased | Vistra Energy Corp (VST) | 1.6% | 1.9% | +0.3 pts | +10,574 sh | +2% |
| Reduced | Thermo Fisher Scientific (TMO) | 0.8% | 0.8% | 0.0 pts | −400 sh | −3% |
| Reduced | Visa (V) | 0.5% | 0.5% | 0.0 pts | −1,046 sh | −5% |
| Exited | ABB Ltd. (ABBNY) | 0.0% | — | 0.0 pts | −7,500 sh | −100% |
| Reduced | Colgate Palmolive (CL) | 0.1% | 0.1% | 0.0 pts | −2,504 sh | −27% |
| Exited | Accenture PLC (ACN) | 0.0% | — | 0.0 pts | −700 sh | −100% |
| Exited | Liberty Broadband C (LBRDK) | 0.0% | — | 0.0 pts | −1,639 sh | −100% |
| Reduced | Tesla, Inc. (TSLA) | 0.1% | 0.0% | 0.0 pts | −277 sh | −42% |
| Exited | Discovery Inc. A (DISCA) | 0.0% | — | 0.0 pts | −8,757 sh | −100% |
| Exited | Wal-Mart Stores (WMT) | 0.0% | — | 0.0 pts | −1,453 sh | −100% |
| Exited | iShares Russell 1000 Value ETF (IWD) | 0.0% | — | 0.0 pts | −1,223 sh | −100% |
| Exited | Goldman Sachs JUST (JUST) | 0.0% | — | 0.0 pts | −3,100 sh | −100% |
| Increased | MPLX LP (MPLX) | 2.5% | 2.6% | +0.1 pts | +4,344 sh | +1% |
| Increased | National Fuel Gas Co. (NFG) | 1.0% | 1.2% | +0.2 pts | +1,658 sh | +1% |
| Increased | Mondelez International Inc. (MDLZ) | 1.3% | 1.5% | +0.2 pts | +1,651 sh | +1% |
The 50 largest of 86 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
* Prior share counts adjusted or corrected for a stock split — changes are measured from the adjusted count:
- Brookfield Infrastructure Clas (BIPC): 13,552 shares as filed last quarter, 20,328 after adjustment → 20,325 now (prior share count adjusted for a stock split)
- Brookfield Infrastructure Part (BIP): 112K shares as filed last quarter, 169K after adjustment → 169K now (prior share count adjusted for a stock split)
Top 10 positions — 41.6% of the equity book
No changes in the top 10 this quarter
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NextEra Energy Partners (XIFR) | 9.7% | 12.1% | |
| 2 | Enterprise Prod Partners (EPD) | 6.4% | 7.2% | |
| 3 | Energy Transfer LP (ET) | 3.4% | 3.6% | |
| 4 | UnitedHealth Group (UNH) | 2.5% | 3.0% | |
| 5 | Magellan Midstream Partners, L (MMP) | 2.5% | 2.9% | |
| 6 | Apple Computer (AAPL) | 3.0% | 2.7% | |
| 7 | MPLX LP (MPLX) | 2.5% | 2.6% | |
| 8 | Johnson & Johnson (JNJ) | 2.2% | 2.6% | |
| 9 | NextEra Energy, Inc. (NEE) | 3.0% | 2.5% | |
| 10 | Howard Hughes Corp. (HHC) | 3.2% | 2.5% |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).