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Karpas Strategies Portfolio holdings

AUM $319M
1-Year Est. Return 14.42%
This Fund
S&P 500
This Quarter Est. Return
-3.84%
1 Year Est. Return
+14.42%
3 Year Est. Return
+16.12%
5 Year Est. Return
+59.2%
10 Year Est. Return
+120.19%
AUM
$272M
AUM Growth
-$24M
Cap. Flow
-$9.26M
Cap. Flow %
-3.4%
Top 10 Hldgs %
45.35%
Holding
120
New
–
Increased
34
Reduced
49
Closed
6

Top Buys

Rank Stock Value
1
OKE icon
Oneok
OKE
+$7.88M
2
NLY icon
Annaly Capital Management
NLY
+$82.9K
3
MPLX icon
MPLX
MPLX
+$50.6K
4
BXMT icon
Blackstone Mortgage Trust
BXMT
+$43.8K
5
WPC icon
W.P. Carey
WPC
+$26.9K

Top Sells

Rank Stock Value
1
MMP
Magellan Midstream Partners, L.P.
MMP
+$11.5M
2
TRTN
Triton International Limited
TRTN
+$1.26M
3
LUMN icon
Lumen
LUMN
+$987K
4
VZ icon
Verizon
VZ
+$325K
5
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$248K

Sector Composition

Rank Sector Weight
1 Financials 34.37%
2 Healthcare 16.94%
3 Energy 13.13%
4 Communication Services 7.7%
5 Technology 7.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
26
JPMorgan Chase
JPM
$947B
$2.91M 1.07%
20,079
-1,242
-6% -$186K
COP icon
27
ConocoPhillips
COP
$142B
$2.84M 1.04%
23,680
– –
CB icon
28
Chubb
CB
$137B
$2.72M 1%
13,056
– –
WFC icon
29
Wells Fargo
WFC
$265B
$2.69M 0.99%
65,926
-4,678
-7% -$202K
C icon
30
Citigroup
C
$224B
$2.54M 0.93%
61,658
-115
-0.2% -$5.05K
ENB icon
31
Enbridge
ENB
$113B
$2.5M 0.92%
74,524
– –
CVX icon
32
Chevron
CVX
$371B
$2.49M 0.92%
14,783
+37
+0.3% +$5.98K
RYN icon
33
Rayonier
RYN
$6.45B
$2.29M 0.84%
88,827
-183
-0.2% -$5.11K
APO icon
34
Apollo Global Management
APO
$73.7B
$2.24M 0.82%
25,000
– –
BXMT icon
35
Blackstone Mortgage Trust
BXMT
$2.33B
$2.17M 0.8%
99,819
+1,975
+2% +$43.8K
LUMN icon
36
Lumen
LUMN
$6.09B
$2.17M 0.8%
1,525,982
-582,882
-28% -$987K
KMI icon
37
Kinder Morgan
KMI
$69.7B
$2.02M 0.74%
122,116
-1,368
-1% -$23.6K
BMY icon
38
Bristol-Myers Squibb
BMY
$131B
$1.93M 0.71%
33,212
+12
+0% +$735
USB icon
39
US Bancorp
USB
$99.4B
$1.86M 0.68%
56,384
+42
+0.1% +$1.53K
AAPL icon
40
Apple
AAPL
$4.56T
$1.59M 0.58%
9,260
+3
+0% +$550
DE icon
41
Deere & Co
DE
$166B
$1.49M 0.55%
3,959
+4
+0.1% +$1.65K
BIPC icon
42
Brookfield Infrastructure
BIPC
$4.87B
$1.47M 0.54%
41,598
-207
-0.5% -$8.55K
HHH icon
43
Howard Hughes
HHH
$4.06B
$1.46M 0.54%
20,646
– –
KO icon
44
Coca-Cola
KO
$374B
$1.44M 0.53%
25,645
+2
+0% +$120
WM icon
45
Waste Management
WM
$91.5B
$1.41M 0.52%
9,258
-178
-2% -$28.8K
MLM icon
46
Martin Marietta Materials
MLM
$32.3B
$1.38M 0.51%
3,359
-99
-3% -$43.8K
BEPC icon
47
Brookfield Renewable
BEPC
$6.19B
$1.35M 0.49%
56,245
-313
-0.6% -$9.08K
NEE icon
48
NextEra Energy
NEE
$176B
$1.18M 0.43%
20,511
-203
-1% -$14.1K
GE icon
49
GE Aerospace
GE
$389B
$1.12M 0.41%
12,700
-235
-2% -$21.1K
AXP icon
50
American Express
AXP
$231B
$1.1M 0.41%
7,400
+5
+0.1% +$818
1
2
3 4 5

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Karpas Strategies's Q3 2023 Portfolio in Review

As of Q3 2023, Karpas Strategies held 120 positions worth $272M, down 8.1% from $296M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Karpas Strategies withdrew a net $9.26M in Q3 2023, closing 6 positions and reducing 49 holdings. Its most notable exit was Magellan Midstream Partners, L.P., an estimated $11.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 32% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Karpas Strategies added an estimated $7.88M to Oneok.

  • Karpas Strategies added most to Oneok in Q3 2023, an estimated $7.88M increase.
  • Karpas Strategies's biggest Q3 2023 reduction was Lumen, cutting an estimated $987K.
  • Karpas Strategies fully exited Magellan Midstream Partners, L.P. in Q3 2023, selling an estimated $11.5M.
  • Karpas Strategies's ten largest holdings make up 45% of its $272M portfolio in Q3 2023.
  • Karpas Strategies opened 0 new positions and closed 6 in Q3 2023.
  • Karpas Strategies's portfolio value fell 8.1% quarter-over-quarter to $272M.

Based on Karpas Strategies's 13F filing for Q3 2023, filed 9 Nov 2023.