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DBC
Deep Basin Capital Portfolio holdings
AUM
$739M
1-Year Est. Return
4.75%
This Fund
S&P 500
This Quarter
Est. Return
-51.58%
1 Year Est. Return
+4.75%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$394M
AUM Growth
-$656M
(-62%)
Cap. Flow
-$112M
Cap. Flow
% of AUM
-28.36%
Top 10 Holdings %
Top 10 Hldgs %
47.82%
Holding
62
New
15
Increased
10
Reduced
11
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCE
PDC Energy, Inc.
PDCE
|
+$34.2M |
| 2 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$28.4M |
| 3 |
Cactus
WHD
|
+$27.6M |
| 4 |
MNRL
Brigham Minerals, Inc. Class A Common Stock
MNRL
|
+$26.6M |
| 5 |
Chevron
CVX
|
+$22.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CLR
CONTINENTAL RESOURCES INC.
CLR
|
+$27.1M |
| 2 |
ConocoPhillips
COP
|
+$21.3M |
| 3 |
SRCI
SRC Energy Inc
SRCI
|
+$20.3M |
| 4 |
JAG
Jagged Peak Energy Inc.
JAG
|
+$19.9M |
| 5 |
CTRA
Coterra Energy
CTRA
|
+$19.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 63.43% |
| 2 | Industrials | 2.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
ProPetro Holding
PUMP
$1.59B
| $6.58M | 1.67% |
2,630,013
-1,469,814
| -36% | -$11.8M |
|
|
27
PUT
ConocoPhillips
COP
$140B
| $6.16M | 1.56% |
+200,000
| New | +$10.2M |
|
28
Cheniere Energy
LNG
$55B
| $6.09M | 1.54% |
181,821
+17,597
| +11% | +$902K |
|
29
PUT
Enbridge
ENB
$124B
| $5.82M | 1.48% |
+200,000
| New | +$7.41M |
|
|
WPX
30
DELISTED
WPX Energy, Inc.
WPX
| $5.69M | 1.44% |
1,865,697
-1,407,385
| -43% | -$13.3M |
|
|
PXD
31
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $5.61M | 1.42% |
+80,000
| New | +$9.51M |
|
32
Canadian Natural Resources
CNQ
$91.5B
| $5.31M | 1.35% |
792,055
-864,695
| -52% | -$10.3M |
|
33
Targa Resources
TRGP
$60.7B
| $5.26M | 1.33% |
761,259
+38,030
| +5% | +$1.13M |
|
34
BP
BP
$108B
| $5.15M | 1.31% |
211,141
-525,596
| -71% | -$17M |
|
35
Vista Energy
VIST
$7.13B
| $3.71M | 0.94% |
1,856,449
+543,437
| +41% | +$3.27M |
|
|
GDP
36
DELISTED
Goodrich Petroleum Corporation Common Stock
GDP
| $2.77M | 0.7% |
650,381
| – | – |
|
37
Devon Energy
DVN
$50.6B
| $2.58M | 0.65% |
372,852
-631,771
| -63% | -$11.4M |
|
|
CRC
38
PUT
DELISTED
California Resources Corporation
CRC
| $1.7M | 0.43% |
+1,700,000
| New | +$10.5M |
|
39
PUT
APA Corp
APA
$12.4B
| – | – |
-820,000
| Closed | -$21M |
|
|
BRY
40
DELISTED
Berry Corp
BRY
| – | – |
-1,258,453
| Closed | -$11.9M |
|
|
41
ConocoPhillips
COP
$140B
| – | – |
-418,842
| Closed | -$21.3M |
|
42
CALL
EOG Resources
EOG
$74.5B
| – | – |
-300,000
| Closed | -$25.1M |
|
43
CALL
EQT Corp
EQT
$31B
| – | – |
-1,000,000
| Closed | -$10.9M |
|
|
HES
44
PUT
DELISTED
Hess
HES
| – | – |
-520,000
| Closed | -$34.7M |
|
45
Kosmos Energy
KOS
$1.33B
| – | – |
-2,861,917
| Closed | -$16.3M |
|
46
PUT
Murphy Oil
MUR
$5.28B
| – | – |
-500,000
| Closed | -$13.4M |
|
47
Occidental Petroleum
OXY
$54.6B
| – | – |
-495,445
| Closed | -$16.3M |
|
|
PR
48
Permian Resources
PR
$16.9B
| – | – |
-1,297,155
| Closed | -$5.99M |
|
49
CALL
Range Resources
RRC
$8.66B
| – | – |
-2,500,000
| Closed | -$12.1M |
|
|
50
Range Resources
RRC
$8.66B
| – | – |
-523,435
| Closed | -$2.54M |
|
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Deep Basin Capital's Q1 2020 Portfolio in Review
As of Q1 2020, Deep Basin Capital held 62 positions worth $394M, down 62% from $1.05B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Deep Basin Capital withdrew a net $112M in Q1 2020, closing 24 positions and reducing 11 holdings. Its most notable exit was CONTINENTAL RESOURCES INC., an estimated $27.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 63% of assets, up from 58% a quarter earlier, followed by Industrials.
Against the trend, Deep Basin Capital opened a new position in PDC Energy, Inc. worth $11.8M.
- Deep Basin Capital's largest Q1 2020 buy was PDC Energy, Inc.: 1,898,235 shares worth $11.8M.
- Deep Basin Capital added most to Cactus in Q1 2020, an estimated $27.6M increase.
- Deep Basin Capital's biggest Q1 2020 reduction was Coterra Energy, cutting an estimated $19.4M.
- Deep Basin Capital fully exited CONTINENTAL RESOURCES INC. in Q1 2020, selling an estimated $27.1M.
- Deep Basin Capital's ten largest holdings make up 48% of its $394M portfolio in Q1 2020.
- Deep Basin Capital opened 15 new positions and closed 24 in Q1 2020.
- Deep Basin Capital's portfolio value fell 62% quarter-over-quarter to $394M.
Based on Deep Basin Capital's 13F filing for Q1 2020, filed 15 May 2020.