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FRGX

First Reserve GP XI Portfolio holdings

AUM $330M
1-Year Est. Return 38.42%
This Fund
S&P 500
This Quarter Est. Return
-35.91%
1 Year Est. Return
-38.42%
3 Year Est. Return
-26.43%
5 Year Est. Return
-22.62%
10 Year Est. Return
–
AUM
$516M
AUM Growth
-$299M
Cap. Flow
-$48.9M
Cap. Flow %
-9.47%
Top 10 Hldgs %
100%
Holding
4
New
–
Increased
1
Reduced
–
Closed
2

Top Buys

Rank Stock Value
1
CEQP
Crestwood Equity Partners LP
CEQP
+$208M

Top Sells

Rank Stock Value
1
CMLP
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
+$232M
2
ESGR
Enstar Group
ESGR
+$24.4M

Sector Composition

Rank Sector Weight
1 Energy 100%
2 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CIE
1
DELISTED
Cobalt International Energy, Inc
CIE
$259M 50.14%
2,436,803
– –
CEQP
2
DELISTED
Crestwood Equity Partners LP
CEQP
$257M 49.86%
11,285,273
+6,366,531
+129% +$208M
ESGR
3
DELISTED
Enstar Group
ESGR
– –
-157,789
Closed -$24.4M
CMLP
4
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
– –
-20,737,691
Closed -$232M

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First Reserve GP XI's Q3 2015 Portfolio in Review

As of Q3 2015, First Reserve GP XI held 4 positions worth $516M, down 37% from $815M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

First Reserve GP XI withdrew a net $48.9M in Q3 2015, closing 2 positions. Its most notable exit was CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE), an estimated $232M position sold in full.

By sector, the portfolio is most concentrated in Energy at 100% of assets, up from 97% a quarter earlier, followed by Financials.

Against the trend, First Reserve GP XI added an estimated $208M to Crestwood Equity Partners LP.

  • First Reserve GP XI added most to Crestwood Equity Partners LP in Q3 2015, an estimated $208M increase.
  • First Reserve GP XI fully exited CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE) in Q3 2015, selling an estimated $232M.
  • First Reserve GP XI's ten largest holdings make up 100% of its $516M portfolio in Q3 2015.
  • First Reserve GP XI opened 0 new positions and closed 2 in Q3 2015.
  • First Reserve GP XI's portfolio value fell 37% quarter-over-quarter to $516M.

Based on First Reserve GP XI's 13F filing for Q3 2015, filed 16 Nov 2015.