BEACH INVESTMENT COUNSEL INC PA's Q4 2023 13F: 9 new positions, 17 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Jan 5, 2024 · 143 reported positions · accession 0001058800-24-000001
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Howard Hughes Holdings (HHH) | 3.4% | 1.6% | −1.8 pts | −214K sh | −58% |
| Increased | Healthcare Realty (HR) | 1.3% | 3.6% | +2.3 pts | +1.01M sh | +149% |
| Reduced | Oneok Inc. (OKE) | 2.1% | 0.1% | −1.9 pts | −246K sh | −93% |
| Increased | NextEra Energy, Inc. (NEE) | 1.9% | 3.9% | +2.0 pts | +253K sh | +95% |
| Increased | Amazon.com Inc. (AMZN) | 1.7% | 3.7% | +2.1 pts | +93,305 sh | +88% |
| Increased | Microsoft (MSFT) | 1.5% | 3.2% | +1.7 pts | +30,312 sh | +78% |
| New | Boston Scientific (BSX) | — | 1.2% | +1.2 pts | +170K sh | new |
| Reduced | Apollo Global Management (APO) | 2.6% | 1.5% | −1.1 pts | −103K sh | −44% |
| Exited | XCEL Energy Inc. (XEL) | 1.0% | — | −1.0 pts | −146K sh | −100% |
| Increased | UnitedHealth Group (UNH) | 0.2% | 1.2% | +1.0 pts | +15,858 sh | +496% |
| Reduced | Schlumberger (SLB) | 1.4% | 0.3% | −1.2 pts | −158K sh | −79% |
| Reduced | Kennedy-Wilson Holdings Inc. (KW) | 2.7% | 1.4% | −1.4 pts | −580K sh | −39% |
| Exited | Hersha Hospitality Pr E (HTPRE) | 0.9% | — | −0.9 pts | −285K sh | −100% |
| New | IDACORP (IDA) | — | 0.8% | +0.8 pts | +69,314 sh | new |
| Increased | Mondelez International Inc. (MDLZ) | 1.9% | 2.8% | +0.9 pts | +92,027 sh | +41% |
| Exited | Annaly Capital Pr F (NLYPRF) | 0.8% | — | −0.8 pts | −251K sh | −100% |
| Increased | Meta Platforms, Inc. (META) | 0.2% | 1.0% | +0.8 pts | +18,063 sh | +445% |
| Increased | Coca Cola Co. (KO) | 1.6% | 2.4% | +0.8 pts | +108K sh | +48% |
| Exited | Occidental Petroleum (OXY) | 0.8% | — | −0.8 pts | −93,044 sh | −100% |
| Exited | Pioneer Natural Resources (PXD) | 0.7% | — | −0.7 pts | −26,088 sh | −100% |
| Exited | EOG Res Inc (EOG) | 0.7% | — | −0.7 pts | −46,088 sh | −100% |
| Increased | Caterpillar (CAT) | 0.1% | 0.7% | +0.7 pts | +18,841 sh | +1110% |
| Increased | Emerson Electric Co. (EMR) | 0.1% | 0.8% | +0.7 pts | +56,932 sh | +524% |
| Increased | MPLX LP (MPLX) | 3.4% | 4.1% | +0.7 pts | +143K sh | +19% |
| Reduced | Chevron (CVX) | 1.0% | 0.2% | −0.8 pts | −34,711 sh | −74% |
| Exited | Ramco-Gerhenson Convert Pr D 7 (RPTPRD) | 0.6% | — | −0.6 pts | −100K sh | −100% |
| Reduced | BAE Systems PLC Sponsored ADR (BAESY) | 1.3% | 0.9% | −0.4 pts | −89,393 sh | −42% |
| Exited | Public Storage Pr P (PSAPRP) | 0.5% | — | −0.5 pts | −235K sh | −100% |
| Exited | Site Centers Pr A (SITCPRA) | 0.5% | — | −0.5 pts | −179K sh | −100% |
| Reduced | Apple Computer (AAPL) | 2.6% | 2.4% | −0.1 pts | −17,461 sh | −15% |
| Reduced | Healthpeak Properties (PEAK) | 0.5% | 0.1% | −0.4 pts | −164K sh | −74% |
| Exited | Spirit Realty Pr A (SRCPRA) | 0.4% | — | −0.4 pts | −141K sh | −100% |
| Increased | CenterPoint Energy, Inc. (CNP) | 1.1% | 1.5% | +0.4 pts | +102K sh | +32% |
| Increased | Nestle Spons ADR (NSRGY) | 2.3% | 2.7% | +0.4 pts | +25,203 sh | +15% |
| Increased | PG&E Corp. (PCG) | 0.7% | 1.2% | +0.4 pts | +159K sh | +43% |
| Reduced | Vistra Energy Corp (VST) | 2.0% | 2.0% | 0.0 pts | −72,080 sh | −15% |
| Reduced | Siemens AG ADR (SIEGY) | 0.5% | 0.3% | −0.2 pts | −27,280 sh | −48% |
| Reduced | Ameren Corp (AEE) | 1.0% | 0.7% | −0.4 pts | −34,721 sh | −32% |
| Reduced | KKR & Co. Inc. (KKR) | 0.7% | 0.7% | 0.0 pts | −27,400 sh | −30% |
| Increased | Alphabet, Inc. Cl A (GOOGL) | 2.5% | 2.9% | +0.4 pts | +13,605 sh | +9% |
| Reduced | Enterprise Prod Partners (EPD) | 8.1% | 7.5% | −0.6 pts | −64,690 sh | −3% |
| Reduced | PNC Bank Corp. (PNC) | 0.5% | 0.4% | −0.1 pts | −10,525 sh | −34% |
| New | Nvidia Corporation (NVDA) | — | 0.2% | +0.2 pts | +3,240 sh | new |
| Reduced | Berkshire Hathaway B (BRK-B) | 0.8% | 0.7% | −0.2 pts | −4,102 sh | −22% |
| Reduced | Automatic Data Processing (ADP) | 0.5% | 0.3% | −0.2 pts | −5,807 sh | −36% |
| Reduced | Thermo Fisher Scientific (TMO) | 0.7% | 0.6% | −0.1 pts | −2,440 sh | −21% |
| Increased | DTE Energy (DTE) | 0.9% | 1.1% | +0.2 pts | +10,566 sh | +14% |
| Reduced | NextEra Energy Partners (XIFR) | 4.8% | 4.7% | −0.1 pts | −38,300 sh | −3% |
| Reduced | Procter & Gamble (PG) | 0.8% | 0.7% | −0.1 pts | −7,411 sh | −16% |
| Increased | CRH plc ADR (CRH) | 1.1% | 1.5% | +0.4 pts | +15,108 sh | +9% |
The 50 largest of 118 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 — 41.4% of the equity book
Changes in the top 10 this quarter: NEE entered · AMZN entered · HR entered · MSFT entered · MDLZ entered · HHH left · KW left · APO left · AAPL left · NSRGY left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Enterprise Prod Partners (EPD) | 8.1% | 7.5% | |
| 2 | Energy Transfer LP (ET) | 5.2% | 5.0% | |
| 3 | NextEra Energy Partners (XIFR) | 4.8% | 4.7% | |
| 4 | MPLX LP (MPLX) | 3.4% | 4.1% | |
| 5 | NextEra Energy, Inc. (NEE) | 1.9% | 3.9% | Entered the top 10 |
| 6 | Amazon.com Inc. (AMZN) | 1.7% | 3.7% | Entered the top 10 |
| 7 | Healthcare Realty (HR) | 1.3% | 3.6% | Entered the top 10 |
| 8 | Microsoft (MSFT) | 1.5% | 3.2% | Entered the top 10 |
| 9 | Alphabet, Inc. Cl A (GOOGL) | 2.5% | 2.9% | |
| 10 | Mondelez International Inc. (MDLZ) | 1.9% | 2.8% | Entered the top 10 |
| — | Howard Hughes Holdings (HHH) | 3.4% | 1.6% | Left the top 10 |
| — | Kennedy-Wilson Holdings Inc. (KW) | 2.7% | 1.4% | Left the top 10 |
| — | Apollo Global Management (APO) | 2.6% | 1.5% | Left the top 10 |
| — | Apple Computer (AAPL) | 2.6% | 2.4% | Left the top 10 |
| — | Nestle Spons ADR (NSRGY) | 2.3% | 2.7% | 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).