FRONTIER INVESTMENT MGMT CO's Q3 2018 13F: 35 new positions, 16 exits
Form 13F-HR for the quarter ended Sep 30, 2018 · filed Nov 7, 2018 · 244 reported positions · accession 0001144204-18-057769
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | LaSalle Hotel Properties REIT (LHO) | 1.5% | — | −1.5 pts | −557K sh | −100% |
| Exited | Dover Corporation (DOV) | 0.8% | — | −0.8 pts | −137K sh | −100% |
| Increased | Berkshire Hathaway Cl B (BRK-B) | 2.8% | 3.5% | +0.7 pts | +31,801 sh | +17% |
| Increased | Gaming & Leisure Properties (GLPI) | 1.9% | 2.2% | +0.4 pts | +191K sh | +29% |
| Increased | Adobe Systems Inc (ADBE) | 0.9% | 1.3% | +0.4 pts | +20,472 sh | +45% |
| Increased | Pioneer Natural Res Co (PXD) | 7.9% | 7.2% | −0.7 pts | +30,500 sh | +6% |
| New | Williams Companies (WMB) | — | 0.3% | +0.3 pts | +149K sh | new |
| Increased | CenturyLink Inc (LUMN) | 0.4% | 0.7% | +0.3 pts | +169K sh | +57% |
| Increased | First Trust North American Ene (EMLP) | 4.3% | 4.3% | 0.0 pts | +153K sh | +7% |
| Reduced | Microsoft Corp. (MSFT) | 2.5% | 2.5% | 0.0 pts | −31,308 sh | −10% |
| Increased | Golub Capital BDC Inc (GBDC) | 1.3% | 1.5% | +0.2 pts | +178K sh | +20% |
| Increased | Templeton Global Incm Fd (SABA) | 1.0% | 1.1% | +0.2 pts | +516K sh | +26% |
| Reduced | Penn National Gaming Inc (PENN) | 0.3% | 0.0% | −0.3 pts | −94,594 sh | −90% |
| Reduced | CAPSTEAD MORTGAGE CORP PFD SER (CMOPRE) | 1.0% | 0.7% | −0.3 pts | −124K sh | −24% |
| Exited | Bank Of New York Co Inc (BK) | 0.2% | — | −0.2 pts | −53,847 sh | −100% |
| Increased | Rydex S&P Equal Weight ETF (RSP) | 3.1% | 3.3% | +0.2 pts | +28,637 sh | +7% |
| Exited | Apergy Corp (APY) | 0.2% | — | −0.2 pts | −68,479 sh | −100% |
| Increased | Amazon.com Inc (AMZN) | 0.2% | 0.5% | +0.2 pts | +1,413 sh | +85% |
| New | Packaging Corp of America (PKG) | — | 0.2% | +0.2 pts | +25,077 sh | new |
| Increased | Ares Capital Corp (ARCC) | 1.0% | 1.2% | +0.2 pts | +156K sh | +19% |
| Increased | Wells Fargo PFD - Q (WFCPRQ) | 0.9% | 1.1% | +0.1 pts | +101K sh | +22% |
| Increased | Verizon Communications (VZ) | 2.0% | 2.2% | +0.2 pts | +47,960 sh | +9% |
| Increased | Total SA Adr (TTE) | 1.0% | 1.2% | +0.2 pts | +38,933 sh | +19% |
| Increased | Sunoco Logistics Ptnr LP (ETP) | 0.8% | 1.0% | +0.3 pts | +110K sh | +21% |
| Increased | Mercury General Corporation (MCY) | 0.9% | 1.1% | +0.2 pts | +45,663 sh | +19% |
| Increased | GOLDMAN SACHS GROUP INC PFD SE (GSPRJ) | 0.8% | 0.9% | +0.1 pts | +87,148 sh | +21% |
| Increased | Vodafone Group ADR (VOD) | 0.5% | 0.6% | +0.1 pts | +101K sh | +36% |
| New | Marathon Petroleum Corp. (MPC) | — | 0.2% | +0.2 pts | +26,930 sh | new |
| Reduced | Apple Computer Inc (AAPL) | 3.4% | 3.7% | +0.3 pts | −9,335 sh | −4% |
| Increased | General Motors (GM) | 2.2% | 1.9% | −0.3 pts | +62,031 sh | +9% |
| Reduced | Cheniere Energy Inc (LNG) | 0.5% | 0.3% | −0.2 pts | −29,752 sh | −31% |
| Reduced | AMERICAN CAP AGNY 7.75 percent PFD B (AGNCB) | 1.0% | 0.8% | −0.2 pts | −79,827 sh | −16% |
| Increased | Liberty Expedia Holdings Ser A (LEXEA) | 0.2% | 0.3% | +0.1 pts | +41,885 sh | +96% |
| Exited | Altice NV | 0.1% | — | −0.1 pts | −441K sh | −100% |
| Increased | General Mills (GIS) | 0.6% | 0.7% | +0.1 pts | +41,660 sh | +23% |
| Increased | American Electric Pwr Co Inc (AEP) | 0.7% | 0.8% | +0.1 pts | +23,642 sh | +19% |
| Increased | Firstenergy Corp (FE) | 0.7% | 0.8% | +0.1 pts | +44,498 sh | +19% |
| Increased | ALPS Sector Dividend Dogs ETF (SDOG) | 0.6% | 0.7% | +0.1 pts | +35,721 sh | +20% |
| New | Equitable Resources Inc (EQT) | — | 0.1% | +0.1 pts | +36,735 sh | new |
| Increased | Allstate Corp (ALLPRB) | 0.3% | 0.4% | +0.1 pts | +61,970 sh | +46% |
| Reduced | Alibaba Group Holding Ltd (BABA) | 0.2% | 0.1% | −0.2 pts | −9,108 sh | −57% |
| Reduced | Dart Group Plc Shs | 0.2% | 0.1% | −0.1 pts | −121K sh | −43% |
| Increased | Chimera Investment Corp Pfd Se (CIMPRA) | 0.8% | 0.9% | 0.0 pts | +57,145 sh | +14% |
| Reduced | Navigator Holdings Ltd (NVGS) | 0.4% | 0.2% | −0.1 pts | −113K sh | −31% |
| Reduced | McDonalds Corp (MCD) | 2.0% | 1.9% | −0.1 pts | −8,097 sh | −5% |
| Reduced | Caesars Entmt Inc (CZR) | 0.3% | 0.2% | −0.1 pts | −125K sh | −37% |
| Increased | Genuine Parts Co (GPC) | 0.0% | 0.1% | +0.1 pts | +10,578 sh | +310% |
| New | Emerson Electric Co (EMR) | — | 0.1% | +0.1 pts | +13,596 sh | new |
| New | MPLX LP (MPLX) | — | 0.1% | +0.1 pts | +26,031 sh | new |
| Increased | Schwab Emerging Markets Equity (SCHE) | 0.9% | 0.9% | 0.0 pts | +34,895 sh | +8% |
The 50 largest of 227 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 — 35.4% of the equity book
Changes in the top 10 this quarter: JNJ entered · TRP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Pioneer Natural Res Co (PXD) | 7.9% | 7.2% | |
| 2 | First Trust North American Ene (EMLP) | 4.3% | 4.3% | |
| 3 | Apple Computer Inc (AAPL) | 3.4% | 3.7% | |
| 4 | Berkshire Hathaway Cl B (BRK-B) | 2.8% | 3.5% | |
| 5 | Visa Inc (V) | 3.1% | 3.3% | |
| 6 | Rydex S&P Equal Weight ETF (RSP) | 3.1% | 3.3% | |
| 7 | Johnson & Johnson (JNJ) | 2.4% | 2.6% | Entered the top 10 |
| 8 | Guggenheim S&P 500(R) Equal Weig (RYH) | 2.4% | 2.6% | |
| 9 | Markel Corp Hldg Co (MKL) | 2.5% | 2.5% | |
| 10 | Microsoft Corp. (MSFT) | 2.5% | 2.5% | |
| — | TransCanada Corp (TRP) | 2.7% | 2.3% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | iShares MSCI Emerg Mkts Index (EEM) | Put | 468K | 0 | $0 |
| New | Microsoft Corp. (MSFT) | Put | 0 | 143K | $16.4M |
| New | Medtronic PLC (MDT) | Put | 0 | 144K | $14.2M |
| Increased | Adobe Systems Inc (ADBE) | Put | 11,200 | 21,400 | $5.78M |
| Reduced | Seagate Technology (STX) | Put | 39,900 | 17,800 | $843K |
| New | Wheaton Precious Metal Corp (WPM) | Call | 0 | 60,000 | $1.05M |
| Exited | Alibaba Group Holding Ltd (BABA) | Call | 5,000 | 0 | $0 |
| New | Southern Copper Corp (SCCO) | Call | 0 | 15,000 | $647K |
| New | Freeport Mcmoran (FCX) | Call | 0 | 25,000 | $348K |
| Reduced | McDonalds Corp (MCD) | Put | 82,000 | 78,200 | $13.1M |
| Increased | General Motors (GM) | Call | 26,900 | 27,000 | $909K |
| Exited | A D T Ltd Ord (ADT) | Call | 15,000 | 0 | $0 |