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LM
Luminus Management Portfolio holdings
AUM
$166M
1-Year Est. Return
75.95%
This Fund
S&P 500
This Quarter
Est. Return
-0.71%
1 Year Est. Return
+75.95%
3 Year Est. Return
-13.12%
5 Year Est. Return
+27.92%
10 Year Est. Return
+125.71%
AUM
$4.17B
AUM Growth
-$487M
(-10%)
Cap. Flow
-$404M
Cap. Flow
% of AUM
-9.7%
Top 10 Holdings %
Top 10 Hldgs %
39.45%
Holding
166
New
40
Increased
33
Reduced
35
Closed
52
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRG Energy
NRG
|
+$191M |
| 2 |
Atmos Energy
ATO
|
+$68.2M |
| 3 |
Consolidated Edison
ED
|
+$62M |
| 4 |
ARCH
Arch Resources, Inc.
ARCH
|
+$55.9M |
| 5 |
CenterPoint Energy
CNP
|
+$54.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rio Tinto
RIO
|
+$121M |
| 2 |
Air Products & Chemicals
APD
|
+$108M |
| 3 |
KSU
Kansas City Southern
KSU
|
+$92.2M |
| 4 |
Vistra
VST
|
+$88M |
| 5 |
Dominion Energy
D
|
+$74.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.39% |
| 2 | Utilities | 25.28% |
| 3 | Materials | 19% |
| 4 | Industrials | 15.25% |
| 5 | Technology | 2.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Graphic Packaging
GPK
$3.25B
| – | – |
-321,000
| Closed | -$4.05M |
|
127
Heartland Express
HTLD
$1.15B
| – | – |
-178,244
| Closed | -$3.44M |
|
|
JKS
128
PUT
JinkoSolar
JKS
$825M
| – | – |
-516,000
| Closed | -$9.29M |
|
129
Kroger
KR
$34.2B
| – | – |
-100,000
| Closed | -$2.46M |
|
130
Cheniere Energy
LNG
$57B
| – | – |
-88,397
| Closed | -$6.04M |
|
131
Liquidia Corp
LQDA
$7.92B
| – | – |
-325,604
| Closed | -$3.71M |
|
132
LyondellBasell Industries
LYB
$19.9B
| – | – |
-118,900
| Closed | -$10M |
|
133
Lyft
LYFT
$5.32B
| – | – |
-350,000
| Closed | -$27.4M |
|
134
NextDecade
NEXT
$2.11B
| – | – |
-72,701
| Closed | -$401K |
|
135
Nucor
NUE
$54.9B
| – | – |
-682,479
| Closed | -$39.8M |
|
|
136
Rio Tinto
RIO
$149B
| – | – |
-2,062,642
| Closed | -$121M |
|
137
SiriusPoint
SPNT
$2.91B
| – | – |
-1,220,438
| Closed | -$12.7M |
|
138
Southwest Gas
SWX
$6.73B
| – | – |
-131,258
| Closed | -$10.8M |
|
139
Molson Coors Class B
TAP
$7.51B
| – | – |
-100,000
| Closed | -$5.96M |
|
140
Teck Resources
TECK
$29.4B
| – | – |
-2,007,970
| Closed | -$46.5M |
|
141
Targa Resources
TRGP
$61.3B
| – | – |
-139,600
| Closed | -$5.8M |
|
|
TSE
142
DELISTED
Trinseo
TSE
| – | – |
-89,700
| Closed | -$4.06M |
|
143
Tyson Foods
TSN
$20B
| – | – |
-164,492
| Closed | -$11.4M |
|
144
Valero Energy
VLO
$90.6B
| – | – |
-187,544
| Closed | -$15.9M |
|
145
Vulcan Materials
VMC
$35.7B
| – | – |
-88,300
| Closed | -$10.5M |
|
|
X
146
DELISTED
US Steel
X
| – | – |
-1,291,059
| Closed | -$19.9M |
|
147
State Street Utilities Select Sector SPDR ETF
XLU
$24B
| – | – |
-1,524,590
| Closed | -$44.3M |
|
|
CNH
148
CNH Industrial
CNH
$13.2B
| – | – |
-237,498
| Closed | -$2.11M |
|
|
SUM
149
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| – | – |
-467,947
| Closed | -$7.3M |
|
|
SWN
150
PUT
DELISTED
Southwestern Energy Company
SWN
| – | – |
-6,400,000
| Closed | -$30M |
|
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Luminus Management's Q2 2019 Portfolio in Review
As of Q2 2019, Luminus Management held 166 positions worth $4.17B, down 10% from $4.66B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Luminus Management withdrew a net $404M in Q2 2019, closing 52 positions and reducing 35 holdings. Its most notable exit was Rio Tinto, an estimated $121M position sold in full.
By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 21% a quarter earlier, followed by Utilities and Materials.
Against the trend, Luminus Management opened a new position in Consolidated Edison worth $63.1M.
- Luminus Management's largest Q2 2019 buy was Consolidated Edison: 719,208 shares worth $63.1M.
- Luminus Management added most to NRG Energy in Q2 2019, an estimated $191M increase.
- Luminus Management's biggest Q2 2019 reduction was Air Products & Chemicals, cutting an estimated $108M.
- Luminus Management fully exited Rio Tinto in Q2 2019, selling an estimated $121M.
- Luminus Management's ten largest holdings make up 39% of its $4.17B portfolio in Q2 2019.
- Luminus Management opened 40 new positions and closed 52 in Q2 2019.
- Luminus Management's portfolio value fell 10% quarter-over-quarter to $4.17B.
Based on Luminus Management's 13F filing for Q2 2019, filed 14 Aug 2019.