Cadence Capital Management Portfolio holdings

Cadence Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Cadence Capital Management held 492 positions worth $590M, down 36% from $928M the previous quarter. Its ten largest holdings account for 19% of the portfolio.

Cadence Capital Management deployed $49.8M of net new capital in Q1 2020, opening 72 new positions and adding to 179 existing holdings. Its largest new stake was Vanguard Energy ETF: 87,753 shares worth $3.35M.

By sector, the portfolio is most concentrated in Energy at 29% of assets, down from 39% a quarter earlier, followed by Healthcare and Technology.

On the sell side, the largest reduction was Heritage-Crystal Clean, Inc., an estimated $2.11M trimmed.

• Cadence Capital Management's largest Q1 2020 buy was Vanguard Energy ETF: 87,753 shares worth $3.35M.
• Cadence Capital Management added most to Western Midstream Partners in Q1 2020, an estimated $6.13M increase.
• Cadence Capital Management's biggest Q1 2020 reduction was Heritage-Crystal Clean, Inc., cutting an estimated $2.11M.
• Cadence Capital Management fully exited Tallgrass Energy, LP Class A Shares in Q1 2020, selling an estimated $8.27M.
• Cadence Capital Management's ten largest holdings make up 19% of its $590M portfolio in Q1 2020.
• Cadence Capital Management opened 72 new positions and closed 70 in Q1 2020.
• Cadence Capital Management's portfolio value fell 36% quarter-over-quarter to $590M.

Based on Cadence Capital Management's 13F filing for Q1 2020, filed 4 May 2020.