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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
+5.15%
1 Year Est. Return
+70.79%
3 Year Est. Return
+234.28%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$799M
AUM Growth
-$91.8M
(-10%)
Cap. Flow
-$111M
Cap. Flow
% of AUM
-13.83%
Top 10 Holdings %
Top 10 Hldgs %
94.64%
Holding
17
New
4
Increased
2
Reduced
6
Closed
4
Avg Time Held
1.9
quarters
Top 10 Avg Time Held
1.9
quarters
Top 20 Avg Time Held
1.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PE
PARSLEY ENERGY INC
PE
|
+$98.6M |
| 2 |
WLL
Whiting Petroleum Corporation
WLL
|
+$85.8M |
| 3 |
Cactus
WHD
|
+$33.8M |
| 4 |
Permian Resources
PR
|
+$27M |
| 5 |
WildHorse Resource Development
WRD
|
+$16.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EGN
Energen
EGN
|
+$85.8M |
| 2 |
RSPP
RSP Permian, Inc.
RSPP
|
+$73.2M |
| 3 |
Gulfport Energy Corp.
GPOR
|
+$61.2M |
| 4 |
CLR
CONTINENTAL RESOURCES INC.
CLR
|
+$34.5M |
| 5 |
ProPetro Holding
PUMP
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 92.8% |
| 2 | Real Estate | 4.66% |
| 3 | Miscellaneous | 2.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Diamondback Energy
FANG
$54.6B
| $114M | 14.25% |
900,000
-100,000
| -10% | -$12.6M |
2014 Q4
13 quarters
|
|
|
WPX
2
DELISTED
WPX Energy, Inc.
WPX
| $109M | 13.68% |
7,400,000
-1,450,000
| -16% | -$20.9M |
2017 Q3
2 quarters
|
|
|
3
Permian Resources
PR
$19.6B
| $108M | 13.55% |
5,900,000
+1,400,000
| +31% | +$27M |
2017 Q4
1 quarter
|
|
|
PE
4
DELISTED
PARSLEY ENERGY INC
PE
| $107M | 13.42% |
+3,700,000
| New | +$98.6M |
2018 Q1
0 quarters
|
|
|
WLL
5
DELISTED
Whiting Petroleum Corporation
WLL
| $102M | 12.7% |
+40,000
| New | +$85.8M |
2018 Q1
0 quarters
|
|
|
CLR
6
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $91.4M | 11.43% |
1,550,000
-640,000
| -29% | -$34.5M |
2017 Q3
2 quarters
|
|
|
7
DELISTED
WildHorse Resource Development
WRD
| $37.2M | 4.66% |
1,950,000
+950,000
| +95% | +$16.9M |
2017 Q4
1 quarter
|
|
|
8
Cactus
WHD
$4.39B
| $36.1M | 4.52% |
+1,340,000
| New | +$33.8M |
2018 Q1
0 quarters
|
|
9
Patterson-UTI
PTEN
$4.32B
| $26.3M | 3.29% |
1,500,000
-1,200,000
| -44% | -$25.1M |
2017 Q4
1 quarter
|
|
|
EGN
10
DELISTED
Energen
EGN
| $25.1M | 3.15% |
400,000
-1,530,000
| -79% | -$85.8M |
2017 Q2
3 quarters
|
|
|
STNLU
11
DELISTED
Sentinel Energy Services Inc. Unit
STNLU
| $20.3M | 2.54% |
2,050,000
| – | – |
2017 Q4
1 quarter
|
|
|
12
ProPetro Holding
PUMP
$1.07B
| $15.9M | 1.99% |
1,000,000
-1,590,000
| -61% | -$28.7M |
2017 Q4
1 quarter
|
|
|
CPE
13
DELISTED
Callon Petroleum Company
CPE
| $6.62M | 0.83% |
+50,000
| New | +$5.87M |
2018 Q1
0 quarters
|
|
14
Forum Energy Technologies
FET
$983M
| – | – |
-52,500
| Closed | -$16.3M | – |
|
15
Select Water Solutions
WTTR
$2.49B
| – | – |
-1,100,000
| Closed | -$20.1M | – |
|
|
16
DELISTED
Gulfport Energy Corp.
GPOR
| – | – |
-4,800,000
| Closed | -$61.2M | – |
|
|
RSPP
17
DELISTED
RSP Permian, Inc.
RSPP
| – | – |
-1,800,000
| Closed | -$73.2M | – |
|
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Brenham Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Brenham Capital Management held 17 positions worth $799M, down 10% from $891M the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Brenham Capital Management withdrew a net $111M in Q1 2018, closing 4 positions and reducing 6 holdings. Its most notable exit was RSP Permian, Inc., an estimated $73.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 93% of assets, up from 89% a quarter earlier, followed by Real Estate and Miscellaneous.
Against the trend, Brenham Capital Management opened a new position in PARSLEY ENERGY INC worth $107M.
- Brenham Capital Management's largest Q1 2018 buy was PARSLEY ENERGY INC: 3,700,000 shares worth $107M.
- Brenham Capital Management added most to Permian Resources in Q1 2018, an estimated $27M increase.
- Brenham Capital Management's biggest Q1 2018 reduction was Energen, cutting an estimated $85.8M.
- Brenham Capital Management fully exited RSP Permian, Inc. in Q1 2018, selling an estimated $73.2M.
- Brenham Capital Management's ten largest holdings make up 95% of its $799M portfolio in Q1 2018.
- Brenham Capital Management opened 4 new positions and closed 4 in Q1 2018.
- Brenham Capital Management's portfolio value fell 10% quarter-over-quarter to $799M.
Based on Brenham Capital Management's 13F filing for Q1 2018, filed 15 May 2018.