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AR
Advisory Research Portfolio holdings
AUM
$1B
1-Year Est. Return
50.12%
This Fund
S&P 500
This Quarter
Est. Return
-17.56%
1 Year Est. Return
+50.12%
3 Year Est. Return
+144.24%
5 Year Est. Return
+295.18%
10 Year Est. Return
+883.61%
AUM
$4.72B
AUM Growth
-$1.39B
(-23%)
Cap. Flow
-$279M
Cap. Flow
% of AUM
-5.91%
Top 10 Holdings %
Top 10 Hldgs %
31.91%
Holding
415
New
55
Increased
86
Reduced
187
Closed
53
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energy Transfer Partners
ET
|
+$222M |
| 2 |
Enbridge
ENB
|
+$81.4M |
| 3 |
Diamondback Energy
FANG
|
+$33.5M |
| 4 |
ENLC
ENLINK MIDSTREAM, LLC
ENLC
|
+$29.9M |
| 5 |
Kinetik
KNTK
|
+$27.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ETP
Energy Transfer Partners, L.P.
ETP
|
+$233M |
| 2 |
Williams Companies
WMB
|
+$70.6M |
| 3 |
EEP
Enbridge Energy Partners
EEP
|
+$54.3M |
| 4 |
EEQ
Enbridge Energy Management Llc
EEQ
|
+$49.6M |
| 5 |
EQT Corp
EQT
|
+$41.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 61.04% |
| 2 | Financials | 9.22% |
| 3 | Consumer Discretionary | 6.7% |
| 4 | Technology | 5.28% |
| 5 | Industrials | 4.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Energy Transfer Partners
ET
$74B
| $262M | 5.54% |
19,811,466
+14,634,541
| +283% | +$222M |
|
|
TGE
2
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $184M | 3.9% |
7,569,698
-217,696
| -3% | -$4.91M |
|
|
DCP
3
DELISTED
DCP Midstream, LP
DCP
| $161M | 3.4% |
6,062,034
-467,456
| -7% | -$16.8M |
|
4
MPLX
MPLX
$60.5B
| $156M | 3.31% |
5,164,961
-409,527
| -7% | -$13.7M |
|
5
Enterprise Products Partners
EPD
$84.1B
| $151M | 3.2% |
6,149,883
-548,840
| -8% | -$14.7M |
|
|
MMP
6
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $143M | 3.04% |
2,512,769
-157,672
| -6% | -$9.74M |
|
|
ANDX
7
DELISTED
Andeavor Logistics LP
ANDX
| $133M | 2.82% |
4,103,115
+193,416
| +5% | +$7.69M |
|
|
ENLK
8
DELISTED
EnLink Midstream Partners, LP
ENLK
| $106M | 2.24% |
9,605,386
-249,692
| -3% | -$3.68M |
|
9
Targa Resources
TRGP
$62.2B
| $106M | 2.24% |
2,934,869
-509,009
| -15% | -$24.6M |
|
|
10
Williams Companies
WMB
$90.7B
| $104M | 2.2% |
4,718,699
-2,821,955
| -37% | -$70.6M |
|
11
Plains All American Pipeline
PAA
$18.1B
| $99.5M | 2.11% |
4,962,873
-986,010
| -17% | -$22.5M |
|
12
Oneok
OKE
$60.2B
| $94.4M | 2% |
1,749,742
-595,524
| -25% | -$37M |
|
|
13
Enbridge
ENB
$109B
| $88.3M | 1.87% |
2,841,549
+2,531,652
| +817% | +$81.4M |
|
|
WES
14
DELISTED
Western Gas Partners Lp
WES
| $78.6M | 1.66% |
1,860,638
+371,273
| +25% | +$16.5M |
|
15
Kinder Morgan
KMI
$69.9B
| $74.5M | 1.58% |
4,842,419
-548,920
| -10% | -$9.29M |
|
|
ENBL
16
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $73.3M | 1.55% |
5,414,510
+197,685
| +4% | +$2.92M |
|
|
PSXP
17
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $71.8M | 1.52% |
1,705,078
-178,128
| -9% | -$8.64M |
|
|
SHLX
18
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $63.3M | 1.34% |
3,856,519
-564,209
| -13% | -$11.2M |
|
19
Plains GP Holdings
PAGP
$5.52B
| $58.5M | 1.24% |
2,908,250
-365,115
| -11% | -$8.09M |
|
|
WPX
20
DELISTED
WPX Energy, Inc.
WPX
| $57.6M | 1.22% |
5,073,232
+543,840
| +12% | +$8.25M |
|
21
TriMas Corp
TRS
$1.42B
| $50.6M | 1.07% |
1,855,380
+398,669
| +27% | +$11.4M |
|
22
Genesis Energy
GEL
$1.94B
| $48.5M | 1.03% |
2,625,762
+220,580
| +9% | +$4.96M |
|
23
NGL Energy Partners
NGL
$2.22B
| $48.2M | 1.02% |
5,024,245
+1,279,640
| +34% | +$13.1M |
|
|
CEQP
24
DELISTED
Crestwood Equity Partners LP
CEQP
| $46M | 0.97% |
1,648,038
-401,135
| -20% | -$13.1M |
|
25
Avnet
AVT
$7.56B
| $43.8M | 0.93% |
1,213,234
+116,633
| +11% | +$4.77M |
|
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LOIM
Advisory Research's Q4 2018 Portfolio in Review
As of Q4 2018, Advisory Research held 415 positions worth $4.72B, down 23% from $6.11B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Advisory Research withdrew a net $279M in Q4 2018, closing 53 positions and reducing 187 holdings. Its most notable exit was Energy Transfer Partners, L.P., an estimated $233M position sold in full.
By sector, the portfolio is most concentrated in Energy at 61% of assets, down from 65% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Advisory Research opened a new position in Kinetik worth $23.2M.
- Advisory Research's largest Q4 2018 buy was Kinetik: 300,000 shares worth $23.2M.
- Advisory Research added most to Energy Transfer Partners in Q4 2018, an estimated $222M increase.
- Advisory Research's biggest Q4 2018 reduction was Williams Companies, cutting an estimated $70.6M.
- Advisory Research fully exited Energy Transfer Partners, L.P. in Q4 2018, selling an estimated $233M.
- Advisory Research's ten largest holdings make up 32% of its $4.72B portfolio in Q4 2018.
- Advisory Research opened 55 new positions and closed 53 in Q4 2018.
- Advisory Research's portfolio value fell 23% quarter-over-quarter to $4.72B.
Based on Advisory Research's 13F filing for Q4 2018, filed 13 Feb 2019.