BEACH INVESTMENT COUNSEL INC PA's Q2 2024 13F: 96 new positions, 9 exits
Form 13F-HR for the quarter ended Jun 30, 2024 · filed Jul 8, 2024 · 226 reported positions · accession 0001058800-24-000003
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | Citigroup (C) | 0.2% | 1.9% | +1.7 pts | +213K sh | +591% |
| Reduced | Mondelez International Inc. (MDLZ) | 2.8% | 1.2% | −1.6 pts | −167K sh | −53% |
| Reduced | UnitedHealth Group (UNH) | 1.2% | 0.0% | −1.2 pts | −18,758 sh | −98% |
| Reduced | Nestle Spons ADR (NSRGY) | 2.7% | 1.5% | −1.2 pts | −73,466 sh | −38% |
| New | Cheniere Energy Inc (LNG) | — | 0.9% | +0.9 pts | +41,253 sh | new |
| Exited | IDACORP (IDA) | 0.8% | — | −0.8 pts | −69,314 sh | −100% |
| Reduced | Microsoft (MSFT) | 3.2% | 3.0% | −0.2 pts | −14,574 sh | −21% |
| Increased | Clearway Energy, Inc. (CWEN) | 0.8% | 1.5% | +0.7 pts | +257K sh | +116% |
| Increased | Alphabet, Inc. Cl A (GOOGL) | 2.9% | 4.4% | +1.6 pts | +32,320 sh | +20% |
| Increased | Meta Platforms, Inc. (META) | 1.0% | 2.1% | +1.1 pts | +10,962 sh | +50% |
| Exited | Ameren Corp (AEE) | 0.7% | — | −0.7 pts | −73,637 sh | −100% |
| Reduced | Apple Computer (AAPL) | 2.4% | 2.0% | −0.4 pts | −25,179 sh | −25% |
| Reduced | Shell PLC ADR (SHEL) | 1.5% | 1.1% | −0.4 pts | −65,153 sh | −34% |
| Reduced | Vistra Energy Corp (VST) | 2.0% | 3.8% | +1.9 pts | −48,890 sh | −12% |
| Increased | Bank of America (BAC) | 0.5% | 1.1% | +0.6 pts | +103K sh | +90% |
| New | PPL Corporation (PPL) | — | 0.5% | +0.5 pts | +144K sh | new |
| Reduced | Enterprise Prod Partners (EPD) | 7.5% | 7.8% | +0.3 pts | −127K sh | −5% |
| Increased | Apollo Global Management (APO) | 1.5% | 2.3% | +0.8 pts | +29,518 sh | +23% |
| Reduced | Kennedy-Wilson Holdings Inc. (KW) | 1.4% | 0.7% | −0.7 pts | −341K sh | −38% |
| Reduced | J.P. Morgan Chase (JPM) | 2.3% | 2.3% | 0.0 pts | −16,064 sh | −15% |
| Reduced | Stryker Corp (SYK) | 0.4% | 0.1% | −0.3 pts | −8,900 sh | −87% |
| Reduced | Berkshire Hathaway B (BRK-B) | 0.7% | 0.4% | −0.2 pts | −6,581 sh | −44% |
| Increased | PNC Bank Corp. (PNC) | 0.4% | 0.7% | +0.3 pts | +16,111 sh | +79% |
| Reduced | PG&E Corp. (PCG) | 1.2% | 0.8% | −0.3 pts | −140K sh | −27% |
| Reduced | Howard Hughes Holdings (HHH) | 1.6% | 0.9% | −0.7 pts | −35,028 sh | −23% |
| Reduced | Procter & Gamble (PG) | 0.7% | 0.5% | −0.2 pts | −13,658 sh | −35% |
| Reduced | CenterPoint Energy, Inc. (CNP) | 1.5% | 1.3% | −0.2 pts | −72,370 sh | −17% |
| Exited | Cadence Design (CDNS) | 0.3% | — | −0.3 pts | −7,924 sh | −100% |
| Reduced | Schlumberger (SLB) | 0.3% | 0.0% | −0.3 pts | −40,407 sh | −98% |
| Reduced | Weyerhaeuser (WY) | 0.9% | 0.5% | −0.4 pts | −65,043 sh | −30% |
| Reduced | Costco Wholesale (COST) | 0.4% | 0.3% | −0.1 pts | −2,170 sh | −40% |
| Reduced | Pfizer (PFE) | 0.4% | 0.2% | −0.2 pts | −62,001 sh | −58% |
| Reduced | Merck (MRK) | 0.7% | 0.6% | −0.1 pts | −13,567 sh | −24% |
| Reduced | Johnson & Johnson (JNJ) | 1.0% | 0.7% | −0.3 pts | −11,320 sh | −22% |
| Reduced | Emerson Electric Co. (EMR) | 0.8% | 0.7% | −0.1 pts | −14,840 sh | −22% |
| Reduced | DTE Energy (DTE) | 1.1% | 0.9% | −0.2 pts | −14,698 sh | −17% |
| Reduced | Coca Cola Co. (KO) | 2.4% | 2.4% | 0.0 pts | −23,517 sh | −7% |
| Reduced | NextEra Energy Partners (XIFR) | 4.7% | 4.1% | −0.6 pts | −52,578 sh | −4% |
| Reduced | Anheuser-Busch Inbev ADR (BUD) | 0.5% | 0.3% | −0.2 pts | −23,509 sh | −38% |
| Reduced | Caterpillar (CAT) | 0.7% | 0.7% | −0.1 pts | −3,791 sh | −18% |
| Reduced | Berkshire Hathaway A (BRK-A) | 0.2% | 0.1% | −0.1 pts | −2 sh | −67% |
| Reduced | Fedex (FDX) | 0.6% | 0.5% | 0.0 pts | −3,950 sh | −22% |
| Reduced | CVS Health Corp (CVS) | 0.3% | 0.1% | −0.2 pts | −19,794 sh | −67% |
| Reduced | Union Pacific (UNP) | 0.4% | 0.2% | −0.2 pts | −5,081 sh | −39% |
| Reduced | Sysco (SYY) | 0.3% | 0.2% | −0.1 pts | −16,014 sh | −47% |
| Reduced | Brookfield Infrastructure Part (BIP) | 0.6% | 0.4% | −0.2 pts | −40,170 sh | −28% |
| Reduced | Century Communities, Inc. (CCS) | 0.4% | 0.2% | −0.2 pts | −13,235 sh | −42% |
| Reduced | Automatic Data Processing (ADP) | 0.3% | 0.2% | −0.1 pts | −4,401 sh | −42% |
| Reduced | BAE Systems PLC Sponsored ADR (BAESY) | 0.9% | 0.9% | 0.0 pts | −15,621 sh | −13% |
| Reduced | Thermo Fisher Scientific (TMO) | 0.6% | 0.5% | −0.1 pts | −1,685 sh | −19% |
The 50 largest of 210 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 — 46.3% of the equity book
Changes in the top 10 this quarter: VST entered · MDLZ left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Enterprise Prod Partners (EPD) | 7.5% | 7.8% | |
| 2 | Energy Transfer LP (ET) | 5.0% | 5.9% | |
| 3 | Amazon.com Inc. (AMZN) | 3.7% | 4.7% | |
| 4 | MPLX LP (MPLX) | 4.1% | 4.7% | |
| 5 | NextEra Energy, Inc. (NEE) | 3.9% | 4.5% | |
| 6 | Alphabet, Inc. Cl A (GOOGL) | 2.9% | 4.4% | |
| 7 | NextEra Energy Partners (XIFR) | 4.7% | 4.1% | |
| 8 | Vistra Energy Corp (VST) | 2.0% | 3.8% | Entered the top 10 |
| 9 | Healthcare Realty (HR) | 3.6% | 3.3% | |
| 10 | Microsoft (MSFT) | 3.2% | 3.0% | |
| — | Mondelez International Inc. (MDLZ) | 2.8% | 1.2% | 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).