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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
+4.93%
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
$1.65B
AUM Growth
-$71.6M
(-4.2%)
Cap. Flow
-$153M
Cap. Flow
% of AUM
-9.28%
Top 10 Holdings %
Top 10 Hldgs %
51.22%
Holding
185
New
47
Increased
38
Reduced
40
Closed
57
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FirstEnergy
FE
|
+$71.4M |
| 2 |
Atmos Energy
ATO
|
+$46.1M |
| 3 |
Duke Energy
DUK
|
+$38.7M |
| 4 |
Ashland
ASH
|
+$38M |
| 5 |
Teck Resources
TECK
|
+$29.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Exelon
EXC
|
+$132M |
| 2 |
American Water Works
AWK
|
+$27.9M |
| 3 |
Union Pacific
UNP
|
+$23.8M |
| 4 |
Public Service Enterprise Group
PEG
|
+$21.6M |
| 5 |
POM
PEPCO HOLDINGS, INC.
POM
|
+$18.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 51.07% |
| 2 | Materials | 12.15% |
| 3 | Industrials | 9.87% |
| 4 | Energy | 3.98% |
| 5 | Technology | 1.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DYN
1
DELISTED
Dynegy, Inc.
DYN
| $135M | 8.19% |
5,424,371
+269,103
| +5% | +$5.94M |
|
|
CPN
2
DELISTED
Calpine Corporation
CPN
| $129M | 7.79% |
6,148,654
-448,242
| -7% | -$8.79M |
|
|
3
Duke Energy
DUK
$98.1B
| $117M | 7.07% |
1,640,033
+554,956
| +51% | +$38.7M |
|
4
PG&E
PCG
$38.4B
| $105M | 6.37% |
2,434,202
-92,365
| -4% | -$3.92M |
|
|
5
FirstEnergy
FE
$28.1B
| $104M | 6.28% |
3,047,592
+2,259,765
| +287% | +$71.4M |
|
6
Entergy
ETR
$52.2B
| $89M | 5.39% |
2,661,558
+143,892
| +6% | +$4.55M |
|
|
7
Ashland
ASH
$3.1B
| $48.3M | 2.93% |
992,568
+809,417
| +442% | +$38M |
|
|
8
Atmos Energy
ATO
$29.6B
| $47.1M | 2.85% |
+1,000,190
| New | +$46.1M |
|
9
National Grid
NGG
$82B
| $36.4M | 2.2% |
549,026
-161,761
| -23% | -$10.4M |
|
10
PUT
Dominion Energy
D
$61.9B
| $35.5M | 2.15% |
+500,000
| New | +$34.1M |
|
|
11
Teck Resources
TECK
$26.7B
| $34.1M | 2.07% |
1,574,781
+1,273,181
| +422% | +$29.5M |
|
12
NextEra Energy
NEE
$184B
| $30.2M | 1.83% |
+1,264,000
| New | +$28.6M |
|
|
TEG
13
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $29.9M | 1.81% |
501,667
-298,892
| -37% | -$16.6M |
|
14
CALL
WEC Energy
WEC
$36.7B
| $27.9M | 1.69% |
+600,000
| New | +$25.9M |
|
|
PPL
15
PPL Corp
PPL
$26.7B
| $27.9M | 1.69% |
902,578
+193,258
| +27% | +$5.61M |
|
16
Norfolk Southern
NSC
$75.2B
| $24.3M | 1.47% |
250,100
+142,100
| +132% | +$13.2M |
|
|
17
CALL
PG&E
PCG
$38.4B
| $23.8M | 1.44% |
550,000
+300,000
| +120% | +$12.7M |
|
18
Spire
SR
$4.8B
| $23.5M | 1.42% |
497,724
-33,343
| -6% | -$1.51M |
|
|
19
Exelon
EXC
$47B
| $20.9M | 1.27% |
874,080
-6,265,996
| -88% | -$132M |
|
|
20
CALL
Ashland
ASH
$3.1B
| $19.8M | 1.2% |
+406,552
| New | +$19.1M |
|
21
Portland General Electric
POR
$6.08B
| $19.1M | 1.16% |
591,272
-315,032
| -35% | -$9.7M |
|
22
CMS Energy
CMS
$22.5B
| $18.9M | 1.15% |
646,267
-580,882
| -47% | -$16.1M |
|
|
CNW
23
DELISTED
CON-WAY INC.
CNW
| $17.2M | 1.04% |
418,250
+45,000
| +12% | +$1.77M |
|
24
CSX Corp
CSX
$93.1B
| $16.5M | 1% |
+1,707,000
| New | +$15.8M |
|
25
Reliance Steel & Aluminium
RS
$19.6B
| $15.5M | 0.94% |
+220,000
| New | +$15.7M |
|
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Luminus Management's Q1 2014 Portfolio in Review
As of Q1 2014, Luminus Management held 185 positions worth $1.65B, down 4.2% from $1.72B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Luminus Management withdrew a net $153M in Q1 2014, closing 57 positions and reducing 40 holdings. Its most notable exit was American Water Works, an estimated $27.9M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 51% of assets, down from 51% a quarter earlier, followed by Materials and Industrials.
Against the trend, Luminus Management opened a new position in Atmos Energy worth $47.1M.
- Luminus Management's largest Q1 2014 buy was Atmos Energy: 1,000,190 shares worth $47.1M.
- Luminus Management added most to FirstEnergy in Q1 2014, an estimated $71.4M increase.
- Luminus Management's biggest Q1 2014 reduction was Exelon, cutting an estimated $132M.
- Luminus Management fully exited American Water Works in Q1 2014, selling an estimated $27.9M.
- Luminus Management's ten largest holdings make up 51% of its $1.65B portfolio in Q1 2014.
- Luminus Management opened 47 new positions and closed 57 in Q1 2014.
- Luminus Management's portfolio value fell 4.2% quarter-over-quarter to $1.65B.
Based on Luminus Management's 13F filing for Q1 2014, filed 15 May 2014.