BEACH INVESTMENT COUNSEL INC PA's Q3 2022 13F: 4 new positions, 15 exits
Form 13F-HR for the quarter ended Sep 30, 2022 · filed Oct 26, 2022 · 146 reported positions · accession 0001058800-22-000011
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | UnitedHealth Group (UNH) | 3.0% | 1.5% | −1.6 pts | −26,803 sh | −57% |
| Exited | TotalEnergies SE Sponsored ADR (TTE) | 1.6% | — | −1.6 pts | −246K sh | −100% |
| Reduced | Shell PLC ADR (SHEL) | 1.6% | 0.9% | −0.7 pts | −121K sh | −49% |
| New | Uber Technologies, Inc. (UBER) | — | 0.8% | +0.8 pts | +210K sh | new |
| Exited | Newmont Mining Corp. (NEM) | 0.8% | — | −0.8 pts | −103K sh | −100% |
| Exited | Enviva Partners LP (EVA) | 0.7% | — | −0.7 pts | −103K sh | −100% |
| Increased | Northrup Grumman (NOC) | 0.1% | 0.7% | +0.6 pts | +9,552 sh | +955% |
| Increased | T-Mobile US, Inc. (TMUS) | 0.1% | 0.7% | +0.6 pts | +32,848 sh | +698% |
| New | Enviva Partners LP (EVVAQ) | — | 0.6% | +0.6 pts | +66,850 sh | new |
| Reduced | Raytheon Technologies (RTX) | 0.9% | 0.4% | −0.5 pts | −40,281 sh | −53% |
| Reduced | Johnson & Johnson (JNJ) | 2.6% | 2.2% | −0.4 pts | −20,095 sh | −17% |
| Increased | Howard Hughes Corp. (HHC) | 2.5% | 2.7% | +0.2 pts | +55,210 sh | +19% |
| Reduced | Coca Cola Co. (KO) | 1.9% | 1.5% | −0.4 pts | −53,170 sh | −22% |
| Reduced | Chubb Ltd. (CB) | 0.7% | 0.4% | −0.3 pts | −13,517 sh | −47% |
| Increased | Schlumberger (SLB) | 1.0% | 1.5% | +0.4 pts | +58,433 sh | +26% |
| Increased | Clearway Energy, Inc. (CWEN) | 0.9% | 1.3% | +0.3 pts | +64,440 sh | +30% |
| Reduced | Nestle Spons ADR (NSRGY) | 2.1% | 1.9% | −0.2 pts | −18,217 sh | −13% |
| Reduced | Mondelez International Inc. (MDLZ) | 1.5% | 1.2% | −0.3 pts | −33,013 sh | −17% |
| Reduced | Amazon.com Inc. (AMZN) | 0.7% | 0.6% | −0.1 pts | −14,749 sh | −29% |
| Reduced | Verizon Comm (VZ) | 0.6% | 0.3% | −0.3 pts | −42,992 sh | −48% |
| Reduced | National Fuel Gas Co. (NFG) | 1.2% | 1.0% | −0.2 pts | −26,252 sh | −19% |
| Increased | Plains GP Holdings LP (PAGP) | 0.0% | 0.2% | +0.2 pts | +135K sh | +614% |
| New | MasterCard Inc. (MA) | — | 0.2% | +0.2 pts | +4,750 sh | new |
| Exited | Silicon Motion Technologies Co (SIMO) | 0.2% | — | −0.2 pts | −17,576 sh | −100% |
| Exited | Triton International Ltd. (TRTN) | 0.2% | — | −0.2 pts | −27,234 sh | −100% |
| Reduced | Emerson Electric Co. (EMR) | 0.4% | 0.3% | −0.2 pts | −16,557 sh | −37% |
| Reduced | Freeport McMoran Inc. (FCX) | 1.2% | 1.1% | −0.1 pts | −40,286 sh | −12% |
| Increased | Crown Holdings Inc . (CCK) | 0.5% | 0.7% | +0.1 pts | +12,739 sh | +27% |
| Reduced | NextEra Energy, Inc. (NEE) | 2.5% | 2.8% | +0.3 pts | −11,475 sh | −4% |
| Reduced | Apple Computer (AAPL) | 2.7% | 2.9% | +0.3 pts | −6,245 sh | −4% |
| Reduced | Alphabet, Inc. Cl A (GOOGL) | 0.8% | 0.7% | −0.1 pts | −8,306 sh | −14% |
| Increased | BAE Systems PLC Sponsored ADR (BAESY) | 1.3% | 1.4% | +0.1 pts | +22,449 sh | +9% |
| Reduced | Berkshire Hathaway B (BRK-B) | 0.9% | 0.9% | 0.0 pts | −2,213 sh | −8% |
| Reduced | Novartis (NVS) | 0.5% | 0.5% | −0.1 pts | −7,664 sh | −15% |
| Reduced | Truist Financial Corporation (TFC) | 0.3% | 0.2% | −0.1 pts | −12,175 sh | −24% |
| Reduced | PNC Bank Corp. (PNC) | 0.3% | 0.2% | −0.1 pts | −3,487 sh | −25% |
| Increased | Deutsche Telekom AG ADR (DTEGY) | 0.2% | 0.2% | +0.1 pts | +28,750 sh | +39% |
| Reduced | Automatic Data Processing (ADP) | 0.4% | 0.5% | 0.0 pts | −2,081 sh | −12% |
| Reduced | Flushing Financial (FFIC) | 0.4% | 0.4% | −0.1 pts | −24,024 sh | −16% |
| Reduced | Becton Dickinson (BDX) | 0.1% | 0.1% | −0.1 pts | −1,950 sh | −41% |
| Reduced | Merck (MRK) | 0.8% | 0.8% | 0.0 pts | −4,826 sh | −7% |
| Reduced | Visa (V) | 0.5% | 0.4% | 0.0 pts | −2,325 sh | −12% |
| Reduced | Procter & Gamble (PG) | 0.9% | 0.8% | −0.1 pts | −3,183 sh | −6% |
| Reduced | Pepsico (PEP) | 0.5% | 0.6% | 0.0 pts | −1,695 sh | −6% |
| Increased | Siemens AG ADR (SIEGY) | 0.4% | 0.4% | +0.1 pts | +5,623 sh | +10% |
| Reduced | 3M Company (MMM) | 0.2% | 0.2% | 0.0 pts | −2,416 sh | −20% |
| Reduced | Thermo Fisher Scientific (TMO) | 0.8% | 0.8% | 0.0 pts | −510 sh | −4% |
| Exited | Tesla, Inc. (TSLA) | 0.0% | — | 0.0 pts | −381 sh | −100% |
| Reduced | Stryker Corp (SYK) | 0.3% | 0.4% | 0.0 pts | −1,100 sh | −8% |
| Exited | Northway Financial (NWYF) | 0.0% | — | 0.0 pts | −8,377 sh | −100% |
The 50 largest of 113 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 — 44.8% of the equity book
Changes in the top 10 this quarter: CVX entered · UNH left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NextEra Energy Partners (XIFR) | 12.1% | 13.4% | |
| 2 | Enterprise Prod Partners (EPD) | 7.2% | 7.9% | |
| 3 | Energy Transfer LP (ET) | 3.6% | 4.5% | |
| 4 | Magellan Midstream Partners, L (MMP) | 2.9% | 3.2% | |
| 5 | MPLX LP (MPLX) | 2.6% | 3.1% | |
| 6 | Apple Computer (AAPL) | 2.7% | 2.9% | |
| 7 | NextEra Energy, Inc. (NEE) | 2.5% | 2.8% | |
| 8 | Howard Hughes Corp. (HHC) | 2.5% | 2.7% | |
| 9 | Johnson & Johnson (JNJ) | 2.6% | 2.2% | |
| 10 | Chevron (CVX) | 1.8% | 2.0% | Entered the top 10 |
| — | UnitedHealth Group (UNH) | 3.0% | 1.5% | 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).