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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
+120.15%
AUM
$272M
AUM Growth
-$24M
(-8.1%)
Cap. Flow
-$9.26M
Cap. Flow
% of AUM
-3.4%
Top 10 Holdings %
Top 10 Hldgs %
45.35%
Holding
120
New
–
Increased
34
Reduced
49
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oneok
OKE
|
+$7.88M |
| 2 |
Annaly Capital Management
NLY
|
+$82.9K |
| 3 |
MPLX
MPLX
|
+$50.6K |
| 4 |
Blackstone Mortgage Trust
BXMT
|
+$43.8K |
| 5 |
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 |
Lumen
LUMN
|
+$987K |
| 4 |
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 | |
|---|---|---|---|---|---|---|
1
Brookfield
BN
$104B
| $22.2M | 8.13% |
1,062,731
-2,272
| -0.2% | -$51.2K |
|
2
Johnson & Johnson
JNJ
$618B
| $20.9M | 7.66% |
133,918
-43
| -0% | -$7.09K |
|
|
SCHW
3
Charles Schwab
SCHW
$183B
| $13.9M | 5.09% |
252,506
-663
| -0.3% | -$40.1K |
|
4
Merck
MRK
$322B
| $13.7M | 5.02% |
132,855
-1,925
| -1% | -$207K |
|
|
5
Oneok
OKE
$57.2B
| $12.2M | 4.49% |
192,959
+120,764
| +167% | +$7.88M |
|
6
Berkshire Hathaway Class B
BRK.B
$1.1T
| $9.28M | 3.41% |
26,496
-394
| -1% | -$140K |
|
7
Brookfield Infrastructure Partners
BIP
$19.2B
| $8.94M | 3.28% |
304,208
-1,875
| -0.6% | -$62.1K |
|
8
Brookfield Asset Management
BAM
$77.3B
| $8.82M | 3.24% |
264,425
-1,063
| -0.4% | -$35.9K |
|
9
Texas Instruments
TXN
$252B
| $7.59M | 2.79% |
47,735
| – | – |
|
|
10
MPLX
MPLX
$59.3B
| $6.1M | 2.24% |
171,556
+1,451
| +0.9% | +$50.6K |
|
11
Cimpress
CMPR
$2.39B
| $5.78M | 2.12% |
82,506
| – | – |
|
12
Comcast
CMCSA
$85B
| $5.47M | 2.01% |
123,348
-176
| -0.1% | -$7.86K |
|
13
Microsoft
MSFT
$3.45T
| $5.35M | 1.96% |
16,945
-605
| -3% | -$200K |
|
|
FISV
14
Fiserv Inc
FISV
$28.8B
| $5.2M | 1.91% |
45,995
-450
| -1% | -$55.4K |
|
15
Liberty Global Class C
LBTYK
$3.53B
| $5.18M | 1.9% |
279,138
-1,150
| -0.4% | -$22.1K |
|
16
Brookfield Renewable
BEP
$9.97B
| $4.85M | 1.78% |
223,035
-1,875
| -0.8% | -$50.5K |
|
17
Pfizer
PFE
$143B
| $4.68M | 1.72% |
141,000
-296
| -0.2% | -$10.5K |
|
|
ESGR
18
DELISTED
Enstar Group
ESGR
| $4.44M | 1.63% |
18,333
-250
| -1% | -$62.7K |
|
19
ExxonMobil
XOM
$644B
| $4.4M | 1.62% |
37,411
+26
| +0.1% | +$2.85K |
|
20
Jefferies Financial Group
JEF
$12.6B
| $4.29M | 1.58% |
117,145
-1,000
| -0.8% | -$35.8K |
|
21
Walt Disney
DIS
$167B
| $4.19M | 1.54% |
51,737
-699
| -1% | -$59.7K |
|
|
22
Berkshire Hathaway Class A
BRK.A
$1.1T
| $3.72M | 1.37% |
7
| – | – |
|
|
23
W.P. Carey
WPC
$16.8B
| $3.67M | 1.35% |
69,273
+420
| +0.6% | +$26.9K |
|
|
24
Annaly Capital Management
NLY
$17.1B
| $3.34M | 1.23% |
177,571
+4,172
| +2% | +$82.9K |
|
25
Blackstone Secured Lending
BXSL
$5.37B
| $2.96M | 1.09% |
108,323
-5,689
| -5% | -$157K |
|
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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.