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LNZ Capital Portfolio holdings
AUM
$136M
1-Year Est. Return
21.16%
This Fund
S&P 500
This Quarter
Est. Return
-3.69%
1 Year Est. Return
+21.16%
3 Year Est. Return
+58.79%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$979M
AUM Growth
+$345M
(+54%)
Cap. Flow
+$376M
Cap. Flow
% of AUM
38.39%
Top 10 Holdings %
Top 10 Hldgs %
76.84%
Holding
37
New
19
Increased
5
Reduced
4
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$92.7M |
| 2 |
Eversource Energy
ES
|
+$91M |
| 3 |
Occidental Petroleum
OXY
|
+$84.2M |
| 4 |
PPL
PPL Corp
PPL
|
+$73.6M |
| 5 |
TC Energy
TRP
|
+$56.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NextEra Energy
NEE
|
+$91.9M |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$39.9M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$34.1M |
| 4 |
American Electric Power
AEP
|
+$25.6M |
| 5 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$24.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 65.43% |
| 2 | Energy | 22.38% |
| 3 | Consumer Discretionary | 2.85% |
| 4 | Real Estate | 1.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
RH
RH
$3.3B
| $1.95M | 0.2% |
+56,459
| New | +$1.8M |
|
27
Alliant Energy
LNT
$19.4B
| $1.73M | 0.18% |
+45,075
| New | +$1.77M |
|
28
Oneok
OKE
$58.7B
| $1.54M | 0.16% |
+30,000
| New | +$1.42M |
|
|
29
American Electric Power
AEP
$73.7B
| – | – |
-365,000
| Closed | -$25.6M |
|
30
CenterPoint Energy
CNP
$29.1B
| – | – |
-990,000
| Closed | -$23.8M |
|
31
Marathon Petroleum
MPC
$90.3B
| – | – |
-234,375
| Closed | -$8.9M |
|
|
32
NextEra Energy
NEE
$187B
| – | – |
-2,820,000
| Closed | -$91.9M |
|
33
PBF Energy
PBF
$7.29B
| – | – |
-40,000
| Closed | -$951K |
|
|
34
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
| – | – |
-1,000,000
| Closed | -$34.1M |
|
|
ANDV
35
DELISTED
Andeavor
ANDV
| – | – |
-21,250
| Closed | -$1.59M |
|
|
SE
36
DELISTED
Spectra Energy Corp Wi
SE
| – | – |
-1,090,000
| Closed | -$39.9M |
|
|
CPGX
37
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| – | – |
-943,827
| Closed | -$24.1M |
|
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LNZ Capital's Q3 2016 Portfolio in Review
As of Q3 2016, LNZ Capital held 37 positions worth $979M, up 54% from $634M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
LNZ Capital deployed $376M of net new capital in Q3 2016, opening 19 new positions and adding to 5 existing holdings. Its largest new stake was Eversource Energy: 1,612,875 shares worth $87.4M.
By sector, the portfolio is most concentrated in Utilities at 65% of assets, down from 76% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was CMS Energy, an estimated $20.5M trimmed.
- LNZ Capital's largest Q3 2016 buy was Eversource Energy: 1,612,875 shares worth $87.4M.
- LNZ Capital added most to Southern Company in Q3 2016, an estimated $92.7M increase.
- LNZ Capital's biggest Q3 2016 reduction was CMS Energy, cutting an estimated $20.5M.
- LNZ Capital fully exited NextEra Energy in Q3 2016, selling an estimated $91.9M.
- LNZ Capital's ten largest holdings make up 77% of its $979M portfolio in Q3 2016.
- LNZ Capital opened 19 new positions and closed 9 in Q3 2016.
- LNZ Capital's portfolio value rose 54% quarter-over-quarter to $979M.
Based on LNZ Capital's 13F filing for Q3 2016, filed 14 Nov 2016.