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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
+10.87%
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
$433M
AUM Growth
-$338M
(-44%)
Cap. Flow
-$375M
Cap. Flow
% of AUM
-86.68%
Top 10 Holdings %
Top 10 Hldgs %
61.26%
Holding
72
New
27
Increased
8
Reduced
9
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cenovus Energy
CVE
|
+$29M |
| 2 |
NRG Energy
NRG
|
+$24.2M |
| 3 |
Enphase Energy
ENPH
|
+$19.4M |
| 4 |
VRN
Veren
VRN
|
+$14.4M |
| 5 |
Canadian Solar
CSIQ
|
+$13.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PG&E
PCG
|
+$95.5M |
| 2 |
Suncor Energy
SU
|
+$80.1M |
| 3 |
Canadian Natural Resources
CNQ
|
+$62.2M |
| 4 |
KSU
Kansas City Southern
KSU
|
+$52.7M |
| 5 |
Old Dominion Freight Line
ODFL
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 34.43% |
| 2 | Technology | 15.09% |
| 3 | Materials | 10.89% |
| 4 | Utilities | 7.93% |
| 5 | Consumer Staples | 5.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Battalion Oil
BATL
$36.3M
| $48.6M | 11.23% |
6,151,448
| – | – |
|
|
ARCH
2
DELISTED
Arch Resources, Inc.
ARCH
| $30.8M | 7.12% |
725,470
+56,119
| +8% | +$1.99M |
|
|
3
Enphase Energy
ENPH
$5.2B
| $29.4M | 6.79% |
355,893
+289,115
| +433% | +$19.4M |
|
|
4
Cenovus Energy
CVE
$52.7B
| $24.6M | 5.68% |
+6,313,131
| New | +$29M |
|
|
5
NRG Energy
NRG
$27.6B
| $22.5M | 5.21% |
+733,332
| New | +$24.2M |
|
|
6
Canadian Solar
CSIQ
$1.03B
| $21.9M | 5.05% |
622,805
+498,414
| +401% | +$13.3M |
|
|
7
Canadian Natural Resources
CNQ
$91.7B
| $21.1M | 4.87% |
2,686,841
-6,910,559
| -72% | -$62.2M |
|
8
Ashland
ASH
$3.1B
| $13.1M | 3.02% |
184,236
-445,306
| -71% | -$33M |
|
9
Bunge Global
BG
$23.4B
| $12.7M | 2.94% |
278,635
+238,635
| +597% | +$10.7M |
|
10
Vistra
VST
$53.3B
| $11.8M | 2.72% |
623,545
+409,213
| +191% | +$7.71M |
|
|
VRN
11
DELISTED
Veren
VRN
| $10.9M | 2.51% |
+8,894,778
| New | +$14.4M |
|
12
Darling Ingredients
DAR
$10.1B
| $9.47M | 2.19% |
+262,769
| New | +$8.04M |
|
|
CMRC
13
Commerce.com Inc Series 1
CMRC
$247M
| $8.72M | 2.02% |
+104,700
| New | +$9.15M |
|
|
BNY
14
Bank of New York Mellon
BNY
$108B
| $8.45M | 1.95% |
+246,000
| New | +$8.96M |
|
15
Wave Life Sciences
WVE
$1.1B
| $7.6M | 1.76% |
+895,553
| New | +$9.82M |
|
|
ERF
16
DELISTED
Enerplus Corporation
ERF
| $7.51M | 1.74% |
+4,037,684
| New | +$10.1M |
|
17
Tronox
TROX
$949M
| $7.48M | 1.73% |
949,910
-847,537
| -47% | -$7.07M |
|
18
Aecom
ACM
$8.73B
| $7.46M | 1.72% |
178,210
-128,036
| -42% | -$4.88M |
|
19
FuelCell Energy
FCEL
$1.59B
| $7.06M | 1.63% |
+110,018
| New | +$8.76M |
|
|
FOE
20
DELISTED
Ferro Corporation
FOE
| $6.48M | 1.5% |
522,334
-356,069
| -41% | -$4.42M |
|
|
BERY
21
DELISTED
Berry Global Group, Inc.
BERY
| $6.3M | 1.46% |
142,027
-224,920
| -61% | -$10.3M |
|
|
BRSL
22
Brightstar Lottery PLC
BRSL
$1.97B
| $5.51M | 1.27% |
+494,911
| New | +$5.31M |
|
23
Chemours
CC
$2.58B
| $5.12M | 1.18% |
+244,738
| New | +$4.72M |
|
24
Baytex Energy
BTE
$2.99B
| $5.07M | 1.17% |
+14,378,882
| New | +$6.96M |
|
25
KRONOS Worldwide
KRO
$749M
| $5.06M | 1.17% |
+393,701
| New | +$4.72M |
|
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GGA
OO
Luminus Management's Q3 2020 Portfolio in Review
As of Q3 2020, Luminus Management held 72 positions worth $433M, down 44% from $771M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
Luminus Management withdrew a net $375M in Q3 2020, closing 24 positions and reducing 9 holdings. Its most notable exit was PG&E, an estimated $95.5M position sold in full.
By sector, the portfolio is most concentrated in Energy at 34% of assets, down from 42% a quarter earlier, followed by Technology and Materials.
Against the trend, Luminus Management opened a new position in Cenovus Energy worth $24.6M.
- Luminus Management's largest Q3 2020 buy was Cenovus Energy: 6,313,131 shares worth $24.6M.
- Luminus Management added most to Enphase Energy in Q3 2020, an estimated $19.4M increase.
- Luminus Management's biggest Q3 2020 reduction was Canadian Natural Resources, cutting an estimated $62.2M.
- Luminus Management fully exited PG&E in Q3 2020, selling an estimated $95.5M.
- Luminus Management's ten largest holdings make up 61% of its $433M portfolio in Q3 2020.
- Luminus Management opened 27 new positions and closed 24 in Q3 2020.
- Luminus Management's portfolio value fell 44% quarter-over-quarter to $433M.
Based on Luminus Management's 13F filing for Q3 2020, filed 16 Nov 2020.