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DBC
Deep Basin Capital Portfolio holdings
AUM
$739M
Turnover
53.62%
1-Year Est. Return
4.75%
This Fund
S&P 500
This Quarter Est. Return
+44.48%
1 Year Est. Return
+4.75%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$739M
AUM Growth
-$77.6M
(-9.5%)
Cap. Flow
-$316M
Cap. Flow % of AUM
Cap. Flow %
-42.82%
Top 10 Holdings %
Top 10 Hldgs %
39.23%
Holding
69
New
21
Increased
9
Reduced
23
Closed
16
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.3
years
Avg Time Held Equity only
0.8
years
Top 10 Avg Time Held Equity only
0.5
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
EQT Corp
EQT
|
+$29.7M |
| 2 |
RDS.A
Royal Dutch Shell PLC ADS Class A
RDS.A
|
+$13.7M |
| 3 |
Suncor Energy
SU
|
+$12.7M |
| 4 |
Stem
STEM
|
+$10.4M |
| 5 |
RICE.U
Rice Acquisition Corp. Units, each consisting of one share of our Class A common stock and one-half
RICE.U
|
+$9.08M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Targa Resources
TRGP
|
+$42.3M |
| 2 |
PE
PARSLEY ENERGY INC
PE
|
+$38.3M |
| 3 |
WPX
WPX Energy, Inc.
WPX
|
+$36.7M |
| 4 |
Chart Industries
GTLS
|
+$35.4M |
| 5 |
FSR
Fisker Inc.
FSR
|
+$32.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 55.26% |
| 2 | Miscellaneous | 40.77% |
| 3 | Utilities | 2.28% |
| 4 | Industrials | 1.69% |
| 5 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
PDCE
1
DELISTED
PDC Energy, Inc.
PDCE
| $47M | 6.36% |
2,288,840
-1,951,830
| -46% | -$30.5M |
2020 Q1
3 quarters
|
|
|
XEC
2
DELISTED
CIMAREX ENERGY CO
XEC
| $42.8M | 5.79% |
1,140,247
-970,059
| -46% | -$31.1M |
2018 Q4
8 quarters
|
|
|
MNRL
3
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $29.1M | 3.94% |
2,650,905
-1,272,046
| -32% | -$13.1M |
2019 Q4
4 quarters
|
|
4
PUT
Antero Resources
AR
$12B
| $27.8M | 3.76% |
5,100,000
+350,000
| +7% | +$1.44M |
2020 Q3
1 quarter
|
|
|
5
EQT Corp
EQT
$34.1B
| $26.2M | 3.54% |
+2,059,167
| New | +$29.7M |
2020 Q4
0 quarters
|
|
6
Comstock Resources
CRK
$4.16B
| $24.6M | 3.34% |
5,640,294
+396,668
| +8% | +$1.96M |
2020 Q2
2 quarters
|
|
|
CXO
7
DELISTED
CONCHO RESOURCES INC.
CXO
| $24.4M | 3.31% |
419,007
-610,612
| -59% | -$32.2M |
2019 Q4
4 quarters
|
|
|
NEX
8
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $23.4M | 3.16% |
6,796,132
-325,042
| -5% | -$866K |
2020 Q2
2 quarters
|
|
|
9
Targa Resources
TRGP
$62.8B
| $22.9M | 3.1% |
868,399
-1,986,807
| -70% | -$42.3M |
2018 Q4
8 quarters
|
|
10
Devon Energy
DVN
$55.7B
| $21.5M | 2.92% |
1,362,634
-2,343,826
| -63% | -$29M |
2018 Q4
8 quarters
|
|
11
PUT
ExxonMobil
XOM
$734B
| $18.5M | 2.51% |
450,000
+150,000
| +50% | +$5.62M |
2020 Q3
1 quarter
|
|
12
PUT
Magnolia Oil & Gas
MGY
$6.81B
| $18.4M | 2.48% |
+2,600,000
| New | +$15.5M |
2020 Q4
0 quarters
|
|
13
Cheniere Energy
LNG
$59B
| $17M | 2.3% |
282,503
-163,353
| -37% | -$8.76M |
2018 Q4
8 quarters
|
|
|
14
Stem
STEM
$32.3M
| $16.9M | 2.28% |
+41,190
| New | +$10.4M |
2020 Q4
0 quarters
|
|
|
CXO
15
PUT
DELISTED
CONCHO RESOURCES INC.
CXO
| $16M | 2.17% |
275,000
-125,000
| -31% | -$6.58M |
2020 Q3
1 quarter
|
|
16
PUT
Williams Companies
WMB
$86B
| $16M | 2.17% |
+800,000
| New | +$16.2M |
2020 Q4
0 quarters
|
|
|
RDS.A
17
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $15.4M | 2.08% |
+437,588
| New | +$13.7M |
2020 Q4
0 quarters
|
|
|
XEC
18
CALL
DELISTED
CIMAREX ENERGY CO
XEC
| $15M | 2.03% |
+400,000
| New | +$12.8M |
2020 Q4
0 quarters
|
|
19
Equinor
EQNR
$109B
| $14.6M | 1.98% |
890,800
+38,112
| +4% | +$576K |
2020 Q3
1 quarter
|
|
|
20
Suncor Energy
SU
$91.6B
| $14.5M | 1.96% |
+864,796
| New | +$12.7M |
2020 Q4
0 quarters
|
|
21
CNX Resources
CNX
$5.29B
| $14.1M | 1.91% |
1,306,791
+390,550
| +43% | +$3.94M |
2020 Q3
1 quarter
|
|
22
DELISTED
Hess
HES
| $13.7M | 1.86% |
259,689
-355,800
| -58% | -$16.2M |
2020 Q3
1 quarter
|
|
|
PE
23
DELISTED
PARSLEY ENERGY INC
PE
| $13.4M | 1.81% |
940,155
-3,222,216
| -77% | -$38.3M |
2019 Q4
4 quarters
|
|
|
24
PUT
Targa Resources
TRGP
$62.8B
| $13.2M | 1.79% |
500,000
-800,000
| -62% | -$17M |
2020 Q1
3 quarters
|
|
25
PUT
Tesla
TSLA
$1.45T
| $13.1M | 1.77% |
55,500
-94,500
| -63% | -$16.1M |
2020 Q3
1 quarter
|
|
Similar funds
WEC
PJB
Deep Basin Capital's Q4 2020 Portfolio in Review
As of Q4 2020, Deep Basin Capital held 69 positions worth $739M, down 9.5% from $816M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Deep Basin Capital withdrew a net $316M in Q4 2020, closing 16 positions and reducing 23 holdings. Its most notable exit was Fisker Inc., an estimated $32.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 55% of assets, down from 61% a quarter earlier, followed by Miscellaneous and Utilities.
Against the trend, Deep Basin Capital opened a new position in EQT Corp worth $26.2M.
- Deep Basin Capital's largest Q4 2020 buy was EQT Corp: 2,059,167 shares worth $26.2M.
- Deep Basin Capital added most to CNX Resources in Q4 2020, an estimated $3.94M increase.
- Deep Basin Capital's biggest Q4 2020 reduction was Targa Resources, cutting an estimated $42.3M.
- Deep Basin Capital fully exited Fisker Inc. in Q4 2020, selling an estimated $32.5M.
- Deep Basin Capital's ten largest holdings make up 39% of its $739M portfolio in Q4 2020.
- Deep Basin Capital opened 21 new positions and closed 16 in Q4 2020.
- Deep Basin Capital's portfolio value fell 9.5% quarter-over-quarter to $739M.
Based on Deep Basin Capital's 13F filing for Q4 2020, filed 16 Feb 2021.