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HM
Heronetta Management Portfolio holdings
AUM
$109M
1-Year Est. Return
18.09%
This Fund
S&P 500
This Quarter
Est. Return
-0.74%
1 Year Est. Return
+18.09%
3 Year Est. Return
+59.67%
5 Year Est. Return
+84.86%
10 Year Est. Return
+111.6%
AUM
$165M
AUM Growth
-$14.7M
(-8.2%)
Cap. Flow
-$11.9M
Cap. Flow
% of AUM
-7.21%
Top 10 Holdings %
Top 10 Hldgs %
69.09%
Holding
28
New
–
Increased
2
Reduced
17
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hess Midstream
HESM
|
+$134K |
| 2 |
Algonquin Power & Utilities
AQN
|
+$58.4K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TC Energy
TRP
|
+$6.48M |
| 2 |
EQM
EQM Midstream Partners, LP
EQM
|
+$1.27M |
| 3 |
Enterprise Products Partners
EPD
|
+$815K |
| 4 |
Energy Transfer Partners
ET
|
+$723K |
| 5 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$458K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 87.08% |
| 2 | Industrials | 8.26% |
| 3 | Utilities | 4.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Enterprise Products Partners
EPD
$82.5B
| $24.8M | 15.01% |
860,080
-28,266
| -3% | -$815K |
|
|
2
Energy Transfer Partners
ET
$73B
| $18.4M | 11.12% |
1,306,058
-48,810
| -4% | -$723K |
|
|
MMP
3
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $14.6M | 8.84% |
228,498
-7,381
| -3% | -$458K |
|
4
Williams Companies
WMB
$87.4B
| $9.38M | 5.67% |
334,365
-12,587
| -4% | -$350K |
|
5
MPLX
MPLX
$59.4B
| $9.07M | 5.48% |
281,737
-1,800
| -0.6% | -$57.4K |
|
6
Western Midstream Partners
WES
$20.2B
| $8.12M | 4.91% |
263,991
-11,308
| -4% | -$349K |
|
7
Plains All American Pipeline
PAA
$17.1B
| $7.9M | 4.77% |
324,300
-8,453
| -3% | -$202K |
|
8
Oneok
OKE
$59.8B
| $7.76M | 4.69% |
112,795
-4,587
| -4% | -$309K |
|
9
Canadian Pacific Kansas City
CP
$83.7B
| $7.25M | 4.38% |
117,500
| – | – |
|
10
Enbridge
ENB
$112B
| $6.97M | 4.22% |
150,503
| – | – |
|
11
Pembina Pipeline
PBA
$28.6B
| $6.58M | 3.98% |
135,000
| – | – |
|
12
Canadian National Railway
CNI
$78.3B
| $6.42M | 3.88% |
53,000
| – | – |
|
|
EQM
13
DELISTED
EQM Midstream Partners, LP
EQM
| $5.2M | 3.15% |
116,462
-28,327
| -20% | -$1.27M |
|
|
TGE
14
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $4.96M | 3% |
234,700
-12,300
| -5% | -$291K |
|
15
Fortis
FTS
$28.8B
| $4.14M | 2.5% |
80,000
| – | – |
|
|
DCP
16
DELISTED
DCP Midstream, LP
DCP
| $4.07M | 2.46% |
138,800
-12,000
| -8% | -$375K |
|
|
17
Algonquin Power & Utilities
AQN
$4.49B
| $3.57M | 2.16% |
225,000
+5,000
| +2% | +$58.4K |
|
18
Suncor Energy
SU
$79.7B
| $3.47M | 2.1% |
85,000
| – | – |
|
19
Canadian Natural Resources
CNQ
$105B
| $2.72M | 1.64% |
157,234
| – | – |
|
|
PSXP
20
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $1.85M | 1.12% |
37,500
-1,500
| -4% | -$75.1K |
|
|
BPL
21
DELISTED
Buckeye Partners, L.P.
BPL
| $1.78M | 1.08% |
43,455
-1,366
| -3% | -$51.5K |
|
|
BPMP
22
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.5M | 0.9% |
96,600
-3,000
| -3% | -$44.5K |
|
|
23
Hess Midstream
HESM
$5.07B
| $1.41M | 0.85% |
72,200
+6,500
| +10% | +$134K |
|
24
Targa Resources
TRGP
$64.5B
| $1.39M | 0.84% |
35,308
-2,000
| -5% | -$79.4K |
|
|
SHLX
25
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $1.2M | 0.73% |
58,100
-3,800
| -6% | -$78K |
|
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Heronetta Management's Q2 2019 Portfolio in Review
As of Q2 2019, Heronetta Management held 28 positions worth $165M, down 8.2% from $180M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
Heronetta Management withdrew a net $11.9M in Q2 2019, closing 1 position and reducing 17 holdings. Its most notable exit was TC Energy, an estimated $6.48M position sold in full.
By sector, the portfolio is most concentrated in Energy at 87% of assets, down from 89% a quarter earlier, followed by Industrials and Utilities.
Against the trend, Heronetta Management added an estimated $134K to Hess Midstream.
- Heronetta Management added most to Hess Midstream in Q2 2019, an estimated $134K increase.
- Heronetta Management's biggest Q2 2019 reduction was EQM Midstream Partners, LP, cutting an estimated $1.27M.
- Heronetta Management fully exited TC Energy in Q2 2019, selling an estimated $6.48M.
- Heronetta Management's ten largest holdings make up 69% of its $165M portfolio in Q2 2019.
- Heronetta Management opened 0 new positions and closed 1 in Q2 2019.
- Heronetta Management's portfolio value fell 8.2% quarter-over-quarter to $165M.
Based on Heronetta Management's 13F filing for Q2 2019, filed 13 Aug 2019.