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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
+10.34%
1 Year Est. Return
+21.16%
3 Year Est. Return
+58.79%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$78.4M
AUM Growth
-$58.5M
(-43%)
Cap. Flow
-$62.3M
Cap. Flow
% of AUM
-79.44%
Top 10 Holdings %
Top 10 Hldgs %
95.54%
Holding
27
New
12
Increased
2
Reduced
2
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southern Company
SO
|
+$24.3M |
| 2 |
AES
AES
|
+$18.7M |
| 3 |
Dominion Energy
D
|
+$9.82M |
| 4 |
NextEra Energy
NEE
|
+$4.14M |
| 5 |
Sempra
SRE
|
+$2.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FirstEnergy
FE
|
+$26.1M |
| 2 |
Entergy
ETR
|
+$24.5M |
| 3 |
Ameren
AEE
|
+$17.6M |
| 4 |
NiSource
NI
|
+$17.1M |
| 5 |
Eversource Energy
ES
|
+$9.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 96.83% |
| 2 | Industrials | 2.34% |
| 3 | Technology | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Southern Company
SO
$100B
| $24.7M | 31.47% |
+455,000
| New | +$24.3M |
|
|
2
AES
AES
$10.6B
| $20.3M | 25.85% |
+1,118,907
| New | +$18.7M |
|
|
3
Dominion Energy
D
$56.7B
| $9.87M | 12.59% |
+125,000
| New | +$9.82M |
|
|
4
NextEra Energy
NEE
$170B
| $6.66M | 8.5% |
96,000
+60,000
| +167% | +$4.14M |
|
5
NRG Energy
NRG
$22.8B
| $4.3M | 5.49% |
140,000
+4,018
| +3% | +$133K |
|
|
6
Entergy
ETR
$50.3B
| $2.46M | 3.14% |
50,000
-494,000
| -91% | -$24.5M |
|
|
7
Sempra
SRE
$54.5B
| $2.37M | 3.02% |
+40,000
| New | +$2.46M |
|
8
American Electric Power
AEP
$66.5B
| $1.64M | 2.09% |
+20,000
| New | +$1.65M |
|
9
OGE Energy
OGE
$9.62B
| $1.5M | 1.91% |
50,000
-125,410
| -71% | -$3.95M |
|
10
CenterPoint Energy
CNP
$25.8B
| $1.16M | 1.48% |
+60,000
| New | +$1.18M |
|
|
AGR
11
DELISTED
Avangrid, Inc.
AGR
| $1.01M | 1.29% |
+20,000
| New | +$962K |
|
|
TPIC
12
DELISTED
TPI Composites
TPIC
| $621K | 0.79% |
+21,442
| New | +$602K |
|
13
Generac Holdings
GNRC
$11B
| $620K | 0.79% |
+3,204
| New | +$527K |
|
|
BLDP
14
Ballard Power Systems
BLDP
$651M
| $590K | 0.75% |
+39,091
| New | +$629K |
|
15
SolarEdge
SEDG
$2.17B
| $333K | 0.42% |
+1,396
| New | +$268K |
|
16
Enphase Energy
ENPH
$4.84B
| $323K | 0.41% |
+3,906
| New | +$262K |
|
|
17
Ameren
AEE
$28.8B
| – | – |
-250,000
| Closed | -$17.6M |
|
18
Duke Energy
DUK
$92.8B
| – | – |
-40,000
| Closed | -$3.2M |
|
19
Edison International
EIX
$21.6B
| – | – |
-93,377
| Closed | -$5.07M |
|
|
20
Eversource Energy
ES
$25.8B
| – | – |
-109,627
| Closed | -$9.13M |
|
21
Evergy
EVRG
$18.8B
| – | – |
-127,668
| Closed | -$7.57M |
|
|
22
FirstEnergy
FE
$26.5B
| – | – |
-672,000
| Closed | -$26.1M |
|
23
Alliant Energy
LNT
$17.4B
| – | – |
-70,000
| Closed | -$3.35M |
|
|
24
NiSource
NI
$19.9B
| – | – |
-750,000
| Closed | -$17.1M |
|
|
PPL
25
PPL Corp
PPL
$25.6B
| – | – |
-150,000
| Closed | -$3.88M |
|
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LNZ Capital's Q3 2020 Portfolio in Review
As of Q3 2020, LNZ Capital held 27 positions worth $78.4M, down 43% from $137M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
LNZ Capital withdrew a net $62.3M in Q3 2020, closing 11 positions and reducing 2 holdings. Its most notable exit was FirstEnergy, an estimated $26.1M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 97% of assets, down from 100% a quarter earlier, followed by Industrials and Technology.
Against the trend, LNZ Capital opened a new position in Southern Company worth $24.7M.
- LNZ Capital's largest Q3 2020 buy was Southern Company: 455,000 shares worth $24.7M.
- LNZ Capital added most to NextEra Energy in Q3 2020, an estimated $4.14M increase.
- LNZ Capital's biggest Q3 2020 reduction was Entergy, cutting an estimated $24.5M.
- LNZ Capital fully exited FirstEnergy in Q3 2020, selling an estimated $26.1M.
- LNZ Capital's ten largest holdings make up 96% of its $78.4M portfolio in Q3 2020.
- LNZ Capital opened 12 new positions and closed 11 in Q3 2020.
- LNZ Capital's portfolio value fell 43% quarter-over-quarter to $78.4M.
Based on LNZ Capital's 13F filing for Q3 2020, filed 16 Nov 2020.