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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
+0.51%
1 Year Est. Return
+21.16%
3 Year Est. Return
+58.79%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$749M
AUM Growth
-$230M
(-23%)
Cap. Flow
-$242M
Cap. Flow
% of AUM
-32.25%
Top 10 Holdings %
Top 10 Hldgs %
78.51%
Holding
44
New
16
Increased
6
Reduced
4
Closed
18
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Entergy
ETR
|
+$90.3M |
| 2 |
ExxonMobil
XOM
|
+$50.4M |
| 3 |
Duke Energy
DUK
|
+$42.1M |
| 4 |
Occidental Petroleum
OXY
|
+$41M |
| 5 |
NextEra Energy
NEE
|
+$40.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sempra
SRE
|
+$101M |
| 2 |
Southern Company
SO
|
+$97M |
| 3 |
Eversource Energy
ES
|
+$84.3M |
| 4 |
Exelon
EXC
|
+$77.9M |
| 5 |
PPL
PPL Corp
PPL
|
+$70.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 49.67% |
| 2 | Energy | 28.47% |
| 3 | Consumer Discretionary | 9.93% |
| 4 | Real Estate | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Eversource Energy
ES
$28.2B
| $1.93M | 0.26% |
35,000
-1,577,875
| -98% | -$84.3M |
|
27
Casey's General Stores
CASY
$31.9B
| – | – |
-130,000
| Closed | -$15.6M |
|
28
Consolidated Edison
ED
$41.6B
| – | – |
-265,000
| Closed | -$20M |
|
29
Cheniere Energy
LNG
$56.5B
| – | – |
-245,000
| Closed | -$10.7M |
|
30
Alliant Energy
LNT
$19.4B
| – | – |
-45,075
| Closed | -$1.73M |
|
31
Macy's
M
$6.15B
| – | – |
-280,000
| Closed | -$10.4M |
|
|
PPL
32
PPL Corp
PPL
$27.3B
| – | – |
-2,046,528
| Closed | -$70.7M |
|
|
33
Southern Company
SO
$110B
| – | – |
-1,891,000
| Closed | -$97M |
|
|
34
Sempra
SRE
$60.8B
| – | – |
-1,876,412
| Closed | -$101M |
|
35
Suncor Energy
SU
$77.7B
| – | – |
-400,000
| Closed | -$11.1M |
|
36
TC Energy
TRP
$73.5B
| – | – |
-1,206,700
| Closed | -$57.4M |
|
37
Xcel Energy
XEL
$51B
| – | – |
-350,000
| Closed | -$14.4M |
|
38
State Street SPDR S&P Retail ETF
XRT
$365M
| – | – |
-70,000
| Closed | -$3.05M |
|
|
EQC
39
DELISTED
Equity Commonwealth
EQC
| – | – |
-350,000
| Closed | -$10.6M |
|
|
SWN
40
DELISTED
Southwestern Energy Company
SWN
| – | – |
-402,000
| Closed | -$5.56M |
|
|
CXO
41
DELISTED
CONCHO RESOURCES INC.
CXO
| – | – |
-45,000
| Closed | -$6.18M |
|
|
APC
42
DELISTED
Anadarko Petroleum
APC
| – | – |
-239,134
| Closed | -$15.2M |
|
|
SCG
43
DELISTED
Scana
SCG
| – | – |
-595,000
| Closed | -$43.1M |
|
|
GXP
44
DELISTED
Great Plains Energy Incorporated
GXP
| – | – |
-1,100,000
| Closed | -$30M |
|
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LNZ Capital's Q4 2016 Portfolio in Review
As of Q4 2016, LNZ Capital held 44 positions worth $749M, down 23% from $979M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
LNZ Capital withdrew a net $242M in Q4 2016, closing 18 positions and reducing 4 holdings. Its most notable exit was Sempra, an estimated $101M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 50% of assets, down from 65% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, LNZ Capital opened a new position in Entergy worth $92.5M.
- LNZ Capital's largest Q4 2016 buy was Entergy: 2,518,776 shares worth $92.5M.
- LNZ Capital added most to Occidental Petroleum in Q4 2016, an estimated $41M increase.
- LNZ Capital's biggest Q4 2016 reduction was Eversource Energy, cutting an estimated $84.3M.
- LNZ Capital fully exited Sempra in Q4 2016, selling an estimated $101M.
- LNZ Capital's ten largest holdings make up 79% of its $749M portfolio in Q4 2016.
- LNZ Capital opened 16 new positions and closed 18 in Q4 2016.
- LNZ Capital's portfolio value fell 23% quarter-over-quarter to $749M.
Based on LNZ Capital's 13F filing for Q4 2016, filed 14 Feb 2017.