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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
+8.69%
1 Year Est. Return
+21.16%
3 Year Est. Return
+58.79%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$119M
AUM Growth
-$44.8M
(-27%)
Cap. Flow
-$52.6M
Cap. Flow
% of AUM
-44.31%
Top 10 Holdings %
Top 10 Hldgs %
94.41%
Holding
19
New
8
Increased
2
Reduced
3
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Consolidated Edison
ED
|
+$22.4M |
| 2 |
DTE Energy
DTE
|
+$11M |
| 3 |
Entergy
ETR
|
+$9.95M |
| 4 |
Exelon
EXC
|
+$7.77M |
| 5 |
NextEra Energy
NEE
|
+$7.58M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FirstEnergy
FE
|
+$28M |
| 2 |
CenterPoint Energy
CNP
|
+$24.2M |
| 3 |
NiSource
NI
|
+$23.9M |
| 4 |
Duke Energy
DUK
|
+$21.3M |
| 5 |
Southern Company
SO
|
+$13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 100% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Entergy
ETR
$52.8B
| $24.8M | 20.84% |
422,000
+182,000
| +76% | +$9.95M |
|
|
2
Consolidated Edison
ED
$41.4B
| $23.8M | 20.04% |
+252,000
| New | +$22.4M |
|
3
Dominion Energy
D
$62.5B
| $12.9M | 10.85% |
159,000
-146,802
| -48% | -$11.4M |
|
|
4
DTE Energy
DTE
$30.8B
| $11.2M | 9.46% |
+99,288
| New | +$11M |
|
|
5
NextEra Energy
NEE
$185B
| $8.15M | 6.86% |
+140,000
| New | +$7.58M |
|
|
6
Exelon
EXC
$47.3B
| $7.97M | 6.71% |
+231,330
| New | +$7.77M |
|
7
Portland General Electric
POR
$6.07B
| $7.33M | 6.17% |
+130,000
| New | +$7.24M |
|
8
WEC Energy
WEC
$36.9B
| $7.13M | 6% |
+75,000
| New | +$6.76M |
|
9
Alliant Energy
LNT
$19.3B
| $5.72M | 4.81% |
106,000
+74,155
| +233% | +$3.81M |
|
10
Edison International
EIX
$29.9B
| $3.17M | 2.67% |
+42,000
| New | +$3.02M |
|
|
11
Duke Energy
DUK
$97.5B
| $2.51M | 2.11% |
26,161
-233,642
| -90% | -$21.3M |
|
12
CMS Energy
CMS
$22.8B
| $2.3M | 1.94% |
36,000
-89,000
| -71% | -$5.4M |
|
|
AGR
13
DELISTED
Avangrid, Inc.
AGR
| $1.83M | 1.54% |
+35,000
| New | +$1.76M |
|
|
14
CenterPoint Energy
CNP
$28.2B
| – | – |
-844,855
| Closed | -$24.2M |
|
|
15
FirstEnergy
FE
$28.1B
| – | – |
-655,000
| Closed | -$28M |
|
|
16
NiSource
NI
$22B
| – | – |
-830,000
| Closed | -$23.9M |
|
17
NRG Energy
NRG
$27.2B
| – | – |
-74,209
| Closed | -$2.61M |
|
|
18
Southern Company
SO
$107B
| – | – |
-235,000
| Closed | -$13M |
|
19
Sempra
SRE
$60.3B
| – | – |
-60,000
| Closed | -$4.12M |
|
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LNZ Capital's Q3 2019 Portfolio in Review
As of Q3 2019, LNZ Capital held 19 positions worth $119M, down 27% from $164M the previous quarter. Its ten largest holdings account for 94% of the portfolio.
LNZ Capital withdrew a net $52.6M in Q3 2019, closing 6 positions and reducing 3 holdings. Its most notable exit was FirstEnergy, an estimated $28M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 100% of assets, unchanged from a quarter earlier.
Against the trend, LNZ Capital opened a new position in Consolidated Edison worth $23.8M.
- LNZ Capital's largest Q3 2019 buy was Consolidated Edison: 252,000 shares worth $23.8M.
- LNZ Capital added most to Entergy in Q3 2019, an estimated $9.95M increase.
- LNZ Capital's biggest Q3 2019 reduction was Duke Energy, cutting an estimated $21.3M.
- LNZ Capital fully exited FirstEnergy in Q3 2019, selling an estimated $28M.
- LNZ Capital's ten largest holdings make up 94% of its $119M portfolio in Q3 2019.
- LNZ Capital opened 8 new positions and closed 6 in Q3 2019.
- LNZ Capital's portfolio value fell 27% quarter-over-quarter to $119M.
Based on LNZ Capital's 13F filing for Q3 2019, filed 14 Nov 2019.