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CoreCommodity Management Portfolio holdings
AUM
$538M
1-Year Est. Return
71.97%
This Fund
S&P 500
This Quarter
Est. Return
+3.41%
1 Year Est. Return
+71.97%
3 Year Est. Return
+74.3%
5 Year Est. Return
+133.37%
10 Year Est. Return
+464.11%
AUM
$298M
AUM Growth
-$41.6M
(-12%)
Cap. Flow
-$50.7M
Cap. Flow
% of AUM
-17%
Top 10 Holdings %
Top 10 Hldgs %
22%
Holding
191
New
5
Increased
59
Reduced
71
Closed
44
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gold Fields
GFI
|
+$5.64M |
| 2 |
Kinross Gold
KGC
|
+$3.92M |
| 3 |
Diamondback Energy
FANG
|
+$3.53M |
| 4 |
Murphy Oil
MUR
|
+$3.45M |
| 5 |
Darling Ingredients
DAR
|
+$2.98M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VRN
Veren
VRN
|
+$6.56M |
| 2 |
Array Technologies
ARRY
|
+$5.35M |
| 3 |
Vermilion Energy
VET
|
+$5.3M |
| 4 |
Baytex Energy
BTE
|
+$4.7M |
| 5 |
B2Gold
BTG
|
+$4.28M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 41.6% |
| 2 | Materials | 34.58% |
| 3 | Consumer Staples | 15.56% |
| 4 | Utilities | 3.12% |
| 5 | Technology | 1.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Archer Daniels Midland
ADM
$38.7B
| $8.38M | 2.81% |
111,160
+25,718
| +30% | +$2.08M |
|
2
Cal-Maine
CALM
$4.43B
| $8.22M | 2.76% |
169,799
+33,575
| +25% | +$1.56M |
|
3
Bunge Global
BG
$20.9B
| $7.56M | 2.54% |
69,879
-4,926
| -7% | -$540K |
|
4
Ingredion
INGR
$6.42B
| $7.29M | 2.44% |
74,071
+1,941
| +3% | +$201K |
|
|
5
Murphy Oil
MUR
$5.55B
| $6.27M | 2.1% |
138,248
+79,296
| +135% | +$3.45M |
|
6
West Fraser Timber
WFG
$5.21B
| $5.94M | 1.99% |
81,600
+31,500
| +63% | +$2.48M |
|
7
Devon Energy
DVN
$51.3B
| $5.85M | 1.96% |
122,567
+2,629
| +2% | +$132K |
|
|
8
Vermilion Energy
VET
$1.66B
| $5.45M | 1.83% |
371,100
-376,700
| -50% | -$5.3M |
|
9
Corteva
CTVA
$60.5B
| $5.41M | 1.81% |
105,708
+546
| +0.5% | +$28.9K |
|
10
FMC
FMC
$1.25B
| $5.26M | 1.76% |
78,564
+11,585
| +17% | +$1M |
|
|
11
Darling Ingredients
DAR
$9.32B
| $5.09M | 1.71% |
97,579
+47,728
| +96% | +$2.98M |
|
|
12
Diamondback Energy
FANG
$56B
| $5.02M | 1.68% |
32,407
+23,923
| +282% | +$3.53M |
|
|
13
Gold Fields
GFI
$28.8B
| $4.72M | 1.58% |
434,760
+427,614
| +5,984% | +$5.64M |
|
14
Tyson Foods
TSN
$21.5B
| $4.62M | 1.55% |
91,469
+2,184
| +2% | +$116K |
|
15
Magnolia Oil & Gas
MGY
$5.93B
| $4.59M | 1.54% |
200,451
+35
| +0% | +$782 |
|
16
Hormel Foods
HRL
$14.2B
| $4.56M | 1.53% |
120,008
+1,335
| +1% | +$52.6K |
|
|
PXD
17
DELISTED
Pioneer Natural Resource Co.
PXD
| $4.46M | 1.5% |
19,444
+3,114
| +19% | +$709K |
|
|
18
Baytex Energy
BTE
$2.96B
| $4.34M | 1.46% |
982,900
-1,198,600
| -55% | -$4.7M |
|
19
Freeport-McMoran
FCX
$86.2B
| $4.22M | 1.41% |
113,165
-24,673
| -18% | -$994K |
|
|
20
B2Gold
BTG
$4.98B
| $3.84M | 1.29% |
1,329,789
-1,316,414
| -50% | -$4.28M |
|
|
21
Kinross Gold
KGC
$27.7B
| $3.74M | 1.25% |
820,261
+799,798
| +3,909% | +$3.92M |
|
22
SM Energy
SM
$7.6B
| $3.73M | 1.25% |
94,079
-92,722
| -50% | -$3.52M |
|
23
Liberty Energy
LBRT
$2.79B
| $3.71M | 1.24% |
200,139
-72,837
| -27% | -$1.2M |
|
24
Alamos Gold
AGI
$12B
| $3.66M | 1.23% |
324,064
+34,145
| +12% | +$411K |
|
25
Patterson-UTI
PTEN
$3.54B
| $3.62M | 1.21% |
261,587
-48,474
| -16% | -$709K |
|
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AFIA
CoreCommodity Management's Q3 2023 Portfolio in Review
As of Q3 2023, CoreCommodity Management held 191 positions worth $298M, down 12% from $340M the previous quarter. Its ten largest holdings account for 22% of the portfolio.
CoreCommodity Management withdrew a net $50.7M in Q3 2023, closing 44 positions and reducing 71 holdings. Its most notable exit was Array Technologies, an estimated $5.35M position sold in full.
By sector, the portfolio is most concentrated in Energy at 42% of assets, down from 48% a quarter earlier, followed by Materials and Consumer Staples.
Against the trend, CoreCommodity Management opened a new position in Canadian Solar worth $2.2M.
- CoreCommodity Management's largest Q3 2023 buy was Canadian Solar: 89,458 shares worth $2.2M.
- CoreCommodity Management added most to Gold Fields in Q3 2023, an estimated $5.64M increase.
- CoreCommodity Management's biggest Q3 2023 reduction was Veren, cutting an estimated $6.56M.
- CoreCommodity Management fully exited Array Technologies in Q3 2023, selling an estimated $5.35M.
- CoreCommodity Management's ten largest holdings make up 22% of its $298M portfolio in Q3 2023.
- CoreCommodity Management opened 5 new positions and closed 44 in Q3 2023.
- CoreCommodity Management's portfolio value fell 12% quarter-over-quarter to $298M.
Based on CoreCommodity Management's 13F filing for Q3 2023, filed 14 Nov 2023.