CC
Cambrian Capital Portfolio holdings
AUM
$51M
Turnover
22.58%
1-Year Est. Return
0.04%
This Fund
S&P 500
This Quarter
Est. Return
-15.7%
1 Year Est. Return
+0.04%
3 Year Est. Return
-17.28%
5 Year Est. Return
-4.57%
10 Year Est. Return
–
AUM
$51.4M
AUM Growth
-$18.5M
(-26%)
Cap. Flow
-$1.76M
Cap. Flow
% of AUM
-3.42%
Top 10 Holdings %
Top 10 Hldgs %
55.96%
Holding
34
New
3
Increased
4
Reduced
3
Closed
4
Avg Time Held Equity + Options
3.2
years
Top 10 Avg Time Held Equity + Options
0.8
years
Top 20 Avg Time Held Equity + Options
2.1
years
Avg Time Held Equity only
3.5
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
2.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Antero Resources
AR
|
+$2.15M |
| 2 |
Antero Midstream
AM
|
+$1.29M |
| 3 |
Vermilion Energy
VET
|
+$1.18M |
| 4 |
Wheaton Precious Metals
WPM
|
+$764K |
| 5 |
California Resources Corporation
CRC
|
+$474K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$1.95M |
| 2 |
Golar LNG
GLNG
|
+$1.13M |
| 3 |
YPF Sociedad Anonima ADS
YPF
|
+$1.07M |
| 4 |
Diamondback Energy
FANG
|
+$1.05M |
| 5 |
CPE
Callon Petroleum Company
CPE
|
+$390K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 70.66% |
| 2 | Materials | 22.45% |
| 3 | Miscellaneous | 6.9% |
| 4 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Diamondback Energy
FANG
$55.3B
| $5.5M | 10.7% |
61,184
-10,600
| -15% | -$1.05M |
2014 Q3
20 quarters
|
|
2
Texas Pacific Land
TPL
$24.5B
| $2.96M | 5.75% |
40,950
| – | – |
2014 Q1
22 quarters
|
|
3
Canadian Natural Resources
CNQ
$107B
| $2.85M | 5.54% |
218,290
| – | – |
2018 Q2
5 quarters
|
|
4
Franco-Nevada
FNV
$45.3B
| $2.83M | 5.5% |
31,000
| – | – |
2013 Q2
25 quarters
|
|
|
CLR
5
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $2.8M | 5.45% |
90,950
| – | – |
2015 Q3
16 quarters
|
|
|
6
Wheaton Precious Metals
WPM
$58.8B
| $2.66M | 5.18% |
101,450
+28,400
| +39% | +$764K |
2013 Q2
25 quarters
|
|
|
7
DELISTED
California Resources Corporation
CRC
| $2.48M | 4.83% |
243,200
+37,000
| +18% | +$474K |
2018 Q1
6 quarters
|
|
8
DELISTED
Pioneer Natural Resource Co.
PXD
| $2.46M | 4.78% |
19,524
| – | – |
2013 Q2
25 quarters
|
|
9
Rio Tinto
RIO
$148B
| $2.27M | 4.42% |
43,600
| – | – |
2013 Q2
25 quarters
|
|
10
NexGen Energy
NXE
$5.41B
| $1.97M | 3.83% |
1,513,000
| – | – |
2017 Q2
9 quarters
|
|
11
DELISTED
Coterra Energy
CTRA
| $1.91M | 3.72% |
108,822
| – | – |
2014 Q1
22 quarters
|
|
12
Albemarle
ALB
$11.6B
| $1.91M | 3.71% |
27,450
| – | – |
2015 Q4
15 quarters
|
|
|
13
Antero Resources
AR
$11.3B
| $1.91M | 3.71% |
630,700
+527,000
| +508% | +$2.15M |
2019 Q1
2 quarters
|
|
14
DELISTED
Veren
VRN
| $1.89M | 3.67% |
443,000
| – | – |
2018 Q2
5 quarters
|
|
15
Halliburton
HAL
$27.4B
| $1.49M | 2.89% |
78,801
| – | – |
2013 Q2
25 quarters
|
|
16
Range Resources
RRC
$9.78B
| $1.18M | 2.3% |
309,044
| – | – |
2013 Q2
25 quarters
|
|
|
17
Vermilion Energy
VET
$1.9B
| $1.14M | 2.21% |
+68,000
| New | +$1.18M |
2019 Q3
0 quarters
|
|
18
Cheniere Energy
LNG
$57.8B
| $1.11M | 2.16% |
17,580
| – | – |
2016 Q1
14 quarters
|
|
|
19
Antero Midstream
AM
$9.86B
| $1.11M | 2.15% |
+149,600
| New | +$1.29M |
2019 Q3
0 quarters
|
|
|
20
CALL
DELISTED
California Resources Corporation
CRC
| $1.02M | 1.98% |
100,000
| – | – |
2019 Q2
1 quarter
|
|
21
SLB Ltd
SLB
$72B
| $936K | 1.82% |
27,400
| – | – |
2013 Q2
25 quarters
|
|
|
22
Golar LNG
GLNG
$4.7B
| $884K | 1.72% |
68,050
-77,000
| -53% | -$1.13M |
2013 Q4
23 quarters
|
|
23
Teck Resources
TECK
$31.8B
| $764K | 1.49% |
47,100
| – | – |
2018 Q3
4 quarters
|
|
24
Hudbay
HBM
$10.8B
| $739K | 1.44% |
204,650
| – | – |
2015 Q1
18 quarters
|
|
|
CXO
25
DELISTED
CONCHO RESOURCES INC.
CXO
| $718K | 1.4% |
10,579
-24,000
| -69% | -$1.95M |
2013 Q2
25 quarters
|
|
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EECFVCI
CA
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FIMS
BC
Cambrian Capital's Q3 2019 Portfolio in Review
As of Q3 2019, Cambrian Capital held 34 positions worth $51.4M, down 26% from $69.9M the previous quarter. Its ten largest holdings account for 56% of the portfolio.
Cambrian Capital withdrew a net $1.76M in Q3 2019, closing 4 positions and reducing 3 holdings. Its most notable exit was YPF Sociedad Anonima ADS, an estimated $1.07M position sold in full.
By sector, the portfolio is most concentrated in Energy at 71% of assets, up from 67% a quarter earlier, followed by Materials and Miscellaneous.
Against the trend, Cambrian Capital opened a new position in Antero Midstream worth $1.11M.
- Cambrian Capital's largest Q3 2019 buy was Antero Midstream: 149,600 shares worth $1.11M.
- Cambrian Capital added most to Antero Resources in Q3 2019, an estimated $2.15M increase.
- Cambrian Capital's biggest Q3 2019 reduction was CONCHO RESOURCES INC., cutting an estimated $1.95M.
- Cambrian Capital fully exited YPF Sociedad Anonima ADS in Q3 2019, selling an estimated $1.07M.
- Cambrian Capital's ten largest holdings make up 56% of its $51.4M portfolio in Q3 2019.
- Cambrian Capital opened 3 new positions and closed 4 in Q3 2019.
- Cambrian Capital's portfolio value fell 26% quarter-over-quarter to $51.4M.
Based on Cambrian Capital's 13F filing for Q3 2019, filed 14 Nov 2019.