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BCM
Brenham Capital Management Portfolio holdings
AUM
$660M
1-Year Est. Return
70.79%
This Fund
S&P 500
This Quarter
Est. Return
+6.1%
1 Year Est. Return
+70.79%
3 Year Est. Return
+234.28%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$660M
AUM Growth
-$130M
(-16%)
Cap. Flow
-$160M
Cap. Flow
% of AUM
-24.23%
Top 10 Holdings %
Top 10 Hldgs %
95.75%
Holding
19
New
6
Increased
2
Reduced
3
Closed
7
Top Buys
| 1 |
Ovintiv
OVV
|
+$82.6M |
| 2 |
SM Energy
SM
|
+$80.1M |
| 3 |
Diamondback Energy
FANG
|
+$66.4M |
| 4 |
CTRA
Coterra Energy
CTRA
|
+$45.5M |
| 5 |
PDCE
PDC Energy, Inc.
PDCE
|
+$24.6M |
Top Sells
| 1 |
MRO
Marathon Oil Corporation
MRO
|
+$93.9M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$87M |
| 3 |
APC
Anadarko Petroleum
APC
|
+$84.2M |
| 4 |
WLL
Whiting Petroleum Corporation
WLL
|
+$79.1M |
| 5 |
Occidental Petroleum
OXY
|
+$50.2M |
Sector Composition
| 1 | Energy | 81.57% |
| 2 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WPX
1
DELISTED
WPX Energy, Inc.
WPX
| $100M | 15.22% |
4,990,000
-1,010,000
| -17% | -$18.7M |
|
2
Chord Energy
CHRD
$7.21B
| $94.9M | 14.38% |
6,690,000
-1,185,000
| -15% | -$15M |
|
|
3
SM Energy
SM
$7.51B
| $88M | 13.34% |
+2,790,000
| New | +$80.1M |
|
|
4
Ovintiv
OVV
$16.2B
| $83.6M | 12.67% |
+1,275,000
| New | +$82.6M |
|
|
PE
5
DELISTED
PARSLEY ENERGY INC
PE
| $76M | 11.53% |
2,600,000
+500,000
| +24% | +$14.8M |
|
|
6
Diamondback Energy
FANG
$55B
| $70.3M | 10.66% |
+520,000
| New | +$66.4M |
|
|
CTRA
7
DELISTED
Coterra Energy
CTRA
| $43.9M | 6.66% |
+1,950,000
| New | +$45.5M |
|
8
Cactus
WHD
$3.78B
| $31.6M | 4.79% |
825,000
-225,000
| -21% | -$7.71M |
|
|
PDCE
9
DELISTED
PDC Energy, Inc.
PDCE
| $21.7M | 3.3% |
+444,000
| New | +$24.6M |
|
|
STNLU
10
DELISTED
Sentinel Energy Services Inc. Unit
STNLU
| $21.2M | 3.21% |
2,050,000
| – | – |
|
11
Gran Tierra Energy
GTE
$233M
| $14.2M | 2.16% |
372,200
+47,116
| +14% | +$1.6M |
|
12
Talos Energy
TALO
$2.49B
| $13.8M | 2.09% |
+420,000
| New | +$14.2M |
|
|
13
Occidental Petroleum
OXY
$54.6B
| – | – |
-600,000
| Closed | -$50.2M |
|
|
MRO
14
DELISTED
Marathon Oil Corporation
MRO
| – | – |
-4,500,000
| Closed | -$93.9M |
|
|
PXD
15
DELISTED
Pioneer Natural Resource Co.
PXD
| – | – |
-460,000
| Closed | -$87M |
|
|
XOG
16
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| – | – |
-757,600
| Closed | -$11.1M |
|
|
APC
17
DELISTED
Anadarko Petroleum
APC
| – | – |
-1,150,000
| Closed | -$84.2M |
|
|
WRD
18
DELISTED
WildHorse Resource Development
WRD
| – | – |
-1,680,000
| Closed | -$42.6M |
|
|
WLL
19
DELISTED
Whiting Petroleum Corporation
WLL
| – | – |
-20,000
| Closed | -$79.1M |
|
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Brenham Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Brenham Capital Management held 19 positions worth $660M, down 16% from $789M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Brenham Capital Management withdrew a net $160M in Q3 2018, closing 7 positions and reducing 3 holdings. Its most notable exit was Marathon Oil Corporation, an estimated $93.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 82% of assets, up from 68% a quarter earlier, followed by Real Estate.
Against the trend, Brenham Capital Management opened a new position in Ovintiv worth $83.6M.
- Brenham Capital Management's largest Q3 2018 buy was Ovintiv: 1,275,000 shares worth $83.6M.
- Brenham Capital Management added most to PARSLEY ENERGY INC in Q3 2018, an estimated $14.8M increase.
- Brenham Capital Management's biggest Q3 2018 reduction was WPX Energy, Inc., cutting an estimated $18.7M.
- Brenham Capital Management fully exited Marathon Oil Corporation in Q3 2018, selling an estimated $93.9M.
- Brenham Capital Management's ten largest holdings make up 96% of its $660M portfolio in Q3 2018.
- Brenham Capital Management opened 6 new positions and closed 7 in Q3 2018.
- Brenham Capital Management's portfolio value fell 16% quarter-over-quarter to $660M.
Based on Brenham Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.