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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
-6.28%
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
$3.45B
AUM Growth
-$716M
Cap. Flow
-$471M
Cap. Flow %
-13.63%
Top 10 Hldgs %
40.23%
Holding
144
New
30
Increased
33
Reduced
37
Closed
41

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$102M
2
NEE icon
NextEra Energy
NEE
+$79.5M
3
PWR icon
Quanta Services
PWR
+$59.8M
4
VAL
Valaris plc Class A Ordinary Share
VAL
+$47.8M
5
BERY
Berry Global Group, Inc.
BERY
+$40.9M

Top Sells

Rank Stock Value
1
NRG icon
NRG Energy
NRG
+$126M
2
ETR icon
Entergy
ETR
+$102M
3
FTI icon
TechnipFMC
FTI
+$79.4M
4
ESV
Ensco Rowan plc
ESV
+$75.8M
5
APD icon
Air Products & Chemicals
APD
+$73.7M

Sector Composition

Rank Sector Weight
1 Energy 25.14%
2 Utilities 22.56%
3 Industrials 17.56%
4 Materials 17.17%
5 Technology 2.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WHR icon
126
Whirlpool
WHR
$2.42B
– –
-7,000
Closed -$997K
X
127
CALL
DELISTED
US Steel
X
– –
-17,500
Closed -$268K
ZTO icon
128
ZTO Express
ZTO
$18.2B
– –
-643,198
Closed -$12.3M
VRN
129
DELISTED
Veren
VRN
– –
-2,209,201
Closed -$7.3M
SWN
130
CALL
DELISTED
Southwestern Energy Company
SWN
– –
-1,000,000
Closed -$3.16M
TWNK
131
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
– –
-575,486
Closed -$8.31M
CLR
132
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-5,000
Closed -$210K
GBT
133
DELISTED
Global Blood Therapeutics, Inc.
GBT
– –
-387,230
Closed -$20.4M
AXU
134
DELISTED
Alexco Resource Corp
AXU
– –
-893,565
Closed -$1.02M
RRD
135
DELISTED
RR Donnelley & Sons Co.
RRD
– –
-1,990,000
Closed -$3.92M
XEC
136
DELISTED
CIMAREX ENERGY CO
XEC
– –
-459,498
Closed -$27.3M
MNK
137
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
– –
-342,479
Closed -$3.14M
AMR
138
DELISTED
Alta Mesa Resources Inc
AMR
– –
-5,877,864
Closed -$858K
ESV
139
DELISTED
Ensco Rowan plc
ESV
– –
-8,888,707
Closed -$75.8M
WLL
140
DELISTED
Whiting Petroleum Corporation
WLL
– –
-4,203
Closed -$5.89M
HK
141
DELISTED
Halcon Resources Corporation
HK
– –
-7,960,213
Closed -$1.41M
BHVN
142
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
– –
-287,105
Closed -$12.6M
2 3 4 5
6

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Luminus Management's Q3 2019 Portfolio in Review

As of Q3 2019, Luminus Management held 144 positions worth $3.45B, down 17% from $4.17B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Luminus Management withdrew a net $471M in Q3 2019, closing 41 positions and reducing 37 holdings. Its most notable exit was TechnipFMC, an estimated $79.4M position sold in full.

By sector, the portfolio is most concentrated in Energy at 25% of assets, down from 25% a quarter earlier, followed by Utilities and Industrials.

Against the trend, Luminus Management opened a new position in Quanta Services worth $62.5M.

  • Luminus Management's largest Q3 2019 buy was Quanta Services: 1,654,571 shares worth $62.5M.
  • Luminus Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2019, an estimated $102M increase.
  • Luminus Management's biggest Q3 2019 reduction was NRG Energy, cutting an estimated $126M.
  • Luminus Management fully exited TechnipFMC in Q3 2019, selling an estimated $79.4M.
  • Luminus Management's ten largest holdings make up 40% of its $3.45B portfolio in Q3 2019.
  • Luminus Management opened 30 new positions and closed 41 in Q3 2019.
  • Luminus Management's portfolio value fell 17% quarter-over-quarter to $3.45B.

Based on Luminus Management's 13F filing for Q3 2019, filed 14 Nov 2019.