BEACH INVESTMENT COUNSEL INC PA's Q4 2022 13F: 11 new positions, 3 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 16, 2023 · 154 reported positions · accession 0001058800-23-000001
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | Dominion Energy (D) | 1.3% | — | −1.3 pts | −137K sh | −100% |
| Increased | Kennedy-Wilson Holdings Inc. (KW) | 1.4% | 2.4% | +1.0 pts | +582K sh | +90% |
| Reduced | Microsoft (MSFT) | 1.3% | 0.2% | −1.1 pts | −33,094 sh | −85% |
| Increased | Freeport McMoran Inc. (FCX) | 1.1% | 2.3% | +1.1 pts | +183K sh | +62% |
| Increased | Schlumberger (SLB) | 1.5% | 2.7% | +1.3 pts | +122K sh | +43% |
| Exited | Uber Technologies, Inc. (UBER) | 0.8% | — | −0.8 pts | −210K sh | −100% |
| Increased | T-Mobile US, Inc. (TMUS) | 0.7% | 1.4% | +0.6 pts | +40,562 sh | +108% |
| New | Ramco-Gerhenson Convert Pr D 7 (RPTPRD) | — | 0.6% | +0.6 pts | +101K sh | new |
| Increased | Crown Holdings Inc . (CCK) | 0.7% | 1.2% | +0.5 pts | +56,411 sh | +95% |
| Reduced | Alphabet, Inc. Cl A (GOOGL) | 0.7% | 0.1% | −0.6 pts | −43,634 sh | −84% |
| Increased | MasterCard Inc. (MA) | 0.2% | 0.7% | +0.5 pts | +10,901 sh | +229% |
| Increased | Howard Hughes Corp. (HHC) | 2.7% | 3.8% | +1.0 pts | +49,353 sh | +14% |
| Reduced | National Fuel Gas Co. (NFG) | 1.0% | 0.4% | −0.6 pts | −58,674 sh | −51% |
| Increased | Visa (V) | 0.4% | 0.9% | +0.5 pts | +17,841 sh | +101% |
| Increased | DTE Energy (DTE) | 0.7% | 1.1% | +0.4 pts | +30,287 sh | +67% |
| Increased | Chubb Ltd. (CB) | 0.4% | 0.8% | +0.5 pts | +15,448 sh | +101% |
| Increased | Shell PLC ADR (SHEL) | 0.9% | 1.3% | +0.4 pts | +57,210 sh | +46% |
| Increased | Caterpillar (CAT) | 0.0% | 0.5% | +0.4 pts | +13,441 sh | +785% |
| Increased | Mondelez International Inc. (MDLZ) | 1.2% | 1.7% | +0.5 pts | +47,938 sh | +30% |
| Increased | PNC Bank Corp. (PNC) | 0.2% | 0.6% | +0.4 pts | +19,625 sh | +190% |
| Increased | Bank of America (BAC) | 0.4% | 0.7% | +0.4 pts | +88,783 sh | +97% |
| Increased | Nestle Spons ADR (NSRGY) | 1.9% | 2.1% | +0.2 pts | +24,488 sh | +20% |
| New | Charter Communications, Inc. (CHTR) | — | 0.3% | +0.3 pts | +6,588 sh | new |
| Increased | CenterPoint Energy, Inc. (CNP) | 1.0% | 1.2% | +0.2 pts | +60,044 sh | +24% |
| Increased | NextEra Energy, Inc. (NEE) | 2.8% | 2.8% | 0.0 pts | +21,355 sh | +9% |
| Reduced | Apple Computer (AAPL) | 2.9% | 2.2% | −0.7 pts | −12,721 sh | −9% |
| Reduced | Clearway Energy, Inc. (CWEN) | 1.3% | 0.9% | −0.3 pts | −44,628 sh | −16% |
| Reduced | Amazon.com Inc. (AMZN) | 0.6% | 0.3% | −0.3 pts | −11,512 sh | −32% |
| Reduced | E.ON SE ADR (EONGY) | 0.1% | 0.1% | −0.1 pts | −85,500 sh | −62% |
| Reduced | Siemens AG ADR (SIEGY) | 0.4% | 0.4% | 0.0 pts | −12,096 sh | −20% |
| Increased | Deutsche Post AG ADR (DHLGY) | 0.1% | 0.2% | +0.1 pts | +21,490 sh | +123% |
| Increased | Enterprise Prod Partners (EPD) | 7.9% | 7.2% | −0.8 pts | +30,023 sh | +1% |
| Reduced | Berkshire Hathaway B (BRK-B) | 0.9% | 0.9% | −0.1 pts | −2,181 sh | −9% |
| Reduced | Johnson & Johnson (JNJ) | 2.2% | 2.0% | −0.2 pts | −3,545 sh | −4% |
| Reduced | Walt Disney (DIS) | 0.4% | 0.3% | −0.2 pts | −6,678 sh | −22% |
| Reduced | Anheuser-Busch Inbev ADR (BUD) | 0.5% | 0.5% | 0.0 pts | −9,101 sh | −12% |
| Reduced | Citigroup (C) | 0.3% | 0.3% | −0.1 pts | −10,800 sh | −19% |
| Increased | Coca Cola Co. (KO) | 1.5% | 1.6% | +0.1 pts | +7,533 sh | +4% |
| Reduced | Thermo Fisher Scientific (TMO) | 0.8% | 0.7% | −0.1 pts | −770 sh | −7% |
| Reduced | Verizon Comm (VZ) | 0.3% | 0.2% | −0.1 pts | −9,476 sh | −20% |
| Reduced | Procter & Gamble (PG) | 0.8% | 0.8% | 0.0 pts | −2,200 sh | −5% |
| Reduced | Vistra Energy Corp (VST) | 2.0% | 1.9% | −0.1 pts | −13,975 sh | −2% |
| Reduced | Chevron (CVX) | 2.0% | 2.2% | +0.2 pts | −1,748 sh | −2% |
| Reduced | J.P. Morgan Chase (JPM) | 1.3% | 1.4% | +0.1 pts | −2,300 sh | −3% |
| Reduced | Flushing Financial (FFIC) | 0.4% | 0.3% | −0.1 pts | −15,703 sh | −12% |
| Reduced | Brookfield Infrastructure Part (BIP) | 0.9% | 0.6% | −0.2 pts | −9,300 sh | −6% |
| Reduced | Dentsply Sirona (XRAY) | 0.1% | 0.1% | 0.0 pts | −8,950 sh | −27% |
| New | Phillips 66 (PSX) | — | 0.0% | 0.0 pts | +2,460 sh | new |
| Increased | Truist Financial Corporation (TFC) | 0.2% | 0.2% | 0.0 pts | +5,816 sh | +15% |
| Reduced | Pepsico (PEP) | 0.6% | 0.5% | 0.0 pts | −1,325 sh | −5% |
The 50 largest of 98 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 — 42.8% of the equity book
Changes in the top 10 this quarter: SLB entered · KW entered · FCX entered · AAPL left · JNJ left · CVX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NextEra Energy Partners (XIFR) | 13.4% | 11.4% | |
| 2 | Enterprise Prod Partners (EPD) | 7.9% | 7.2% | |
| 3 | Energy Transfer LP (ET) | 4.5% | 4.3% | |
| 4 | Howard Hughes Corp. (HHC) | 2.7% | 3.8% | |
| 5 | Magellan Midstream Partners, L (MMP) | 3.2% | 3.0% | |
| 6 | MPLX LP (MPLX) | 3.1% | 3.0% | |
| 7 | NextEra Energy, Inc. (NEE) | 2.8% | 2.8% | |
| 8 | Schlumberger (SLB) | 1.5% | 2.7% | Entered the top 10 |
| 9 | Kennedy-Wilson Holdings Inc. (KW) | 1.4% | 2.4% | Entered the top 10 |
| 10 | Freeport McMoran Inc. (FCX) | 1.1% | 2.3% | Entered the top 10 |
| — | Apple Computer (AAPL) | 2.9% | 2.2% | Left the top 10 |
| — | Johnson & Johnson (JNJ) | 2.2% | 2.0% | Left the top 10 |
| — | Chevron (CVX) | 2.0% | 2.2% | 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).