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LM

Luminus Management Portfolio holdings

AUM $146M
1-Year Est. Return 27.83%
This Fund
S&P 500
This Quarter Est. Return
+18.97%
1 Year Est. Return
+27.83%
3 Year Est. Return
-8.7%
5 Year Est. Return
+20.4%
10 Year Est. Return
+118.91%
AUM
$362M
AUM Growth
+$37.4M
Cap. Flow
-$133M
Cap. Flow %
-36.81%
Top 10 Hldgs %
89%
Holding
34
New
6
Increased
4
Reduced
11
Closed
12

Top Buys

Rank Stock Value
1
TROX icon
Tronox
TROX
+$11.8M
2
CC icon
Chemours
CC
+$6.09M
3
HRTG icon
Heritage Insurance Holdings
HRTG
+$1.22M
4
VXX icon
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
+$868K
5
ZFOX
ZeroFox Holdings, Inc. Common Stock
ZFOX
+$13.3K

Top Sells

Rank Stock Value
1
ARCH
Arch Resources, Inc.
ARCH
+$31.8M
2
FUL icon
H.B. Fuller
FUL
+$28.3M
3
OLN icon
Olin
OLN
+$25.1M
4
WLK icon
Westlake Corp
WLK
+$15M
5
BERY
Berry Global Group, Inc.
BERY
+$9.75M

Sector Composition

Rank Sector Weight
1 Miscellaneous 40.87%
2 Materials 29.28%
3 Energy 18.08%
4 Consumer Discretionary 10.37%
5 Healthcare 0.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OLN icon
1
CALL
Olin
OLN
$1.98B
$89.7M 24.81%
+1,663,400
New +$79.6M
BATL icon
2
Battalion Oil
BATL
$73.9M
$59.1M 16.35%
6,151,448
– –
APD icon
3
CALL
Air Products & Chemicals
APD
$67.1B
$34.8M 9.61%
+127,000
New +$34.9M
OI icon
4
O-I Glass
OI
$1.1B
$31.6M 8.73%
1,927,752
-212,926
-10% -$3.28M
TROX icon
5
Tronox
TROX
$768M
$31.6M 8.73%
2,229,437
+960,782
+76% +$11.8M
CC icon
6
Chemours
CC
$2.3B
$27.1M 7.48%
857,853
+224,532
+35% +$6.09M
BERY
7
DELISTED
Berry Global Group, Inc.
BERY
$16M 4.43%
258,634
-172,815
-40% -$9.75M
CC icon
8
CALL
Chemours
CC
$2.3B
$12.2M 3.36%
+385,300
New +$10.5M
PPG icon
9
PPG Industries
PPG
$25B
$9.95M 2.75%
66,500
-38,602
-37% -$5.22M
ASH icon
10
Ashland
ASH
$3.34B
$9.93M 2.75%
117,800
-118,716
-50% -$9.41M
APD icon
11
Air Products & Chemicals
APD
$67.1B
$9.19M 2.54%
33,576
-22,200
-40% -$6.1M
ARCH
12
DELISTED
Arch Resources, Inc.
ARCH
$6.27M 1.73%
32,975
-202,081
-86% -$31.8M
SEE
13
DELISTED
Sealed Air
SEE
$5.92M 1.64%
162,056
-247,312
-60% -$8.11M
OI icon
14
CALL
O-I Glass
OI
$1.1B
$5.58M 1.54%
+340,600
New +$5.25M
TROX icon
15
CALL
Tronox
TROX
$768M
$3.77M 1.04%
+265,900
New +$3.27M
FUL icon
16
H.B. Fuller
FUL
$2.9B
$2.19M 0.61%
26,929
-383,422
-93% -$28.3M
VXX icon
17
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$128M
$1.78M 0.49%
28,750
+10,749
+60% +$868K
ZFOX
18
DELISTED
ZeroFox Holdings, Inc. Common Stock
ZFOX
$1.5M 0.41%
1,719,404
+19,404
+1% +$13.3K
HRTG icon
19
Heritage Insurance Holdings
HRTG
$1.01B
$1.15M 0.32%
+176,676
New +$1.22M
LUCD icon
20
Lucid Diagnostics
LUCD
$179M
$1.09M 0.3%
773,246
-101,854
-12% -$134K
OCGN icon
21
Ocugen
OCGN
$461M
$935K 0.26%
1,626,583
-1,096,073
-40% -$439K
CAMP
22
DELISTED
CalAmp Corp.
CAMP
$411K 0.11%
71,144
-2,198
-3% -$15K
ATEX icon
23
Anterix
ATEX
$1.69B
– –
-115,000
Closed -$3.61M
CDE icon
24
Coeur Mining
CDE
$21.8B
– –
-200,793
Closed -$446K
CTGO icon
25
Contango Silver & Gold Inc
CTGO
$661M
– –
-28,063
Closed -$509K
1
2

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IVP
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CF
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MFN
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Luminus Management's Q4 2023 Portfolio in Review

As of Q4 2023, Luminus Management held 34 positions worth $362M, up 12% from $324M the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Luminus Management withdrew a net $133M in Q4 2023, closing 12 positions and reducing 11 holdings. Its most notable exit was Olin, an estimated $25.1M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 41% of assets, up from 1.4% a quarter earlier, followed by Materials and Energy.

Against the trend, Luminus Management opened a new position in Heritage Insurance Holdings worth $1.15M.

  • Luminus Management's largest Q4 2023 buy was Heritage Insurance Holdings: 176,676 shares worth $1.15M.
  • Luminus Management added most to Tronox in Q4 2023, an estimated $11.8M increase.
  • Luminus Management's biggest Q4 2023 reduction was Arch Resources, Inc., cutting an estimated $31.8M.
  • Luminus Management fully exited Olin in Q4 2023, selling an estimated $25.1M.
  • Luminus Management's ten largest holdings make up 89% of its $362M portfolio in Q4 2023.
  • Luminus Management opened 6 new positions and closed 12 in Q4 2023.
  • Luminus Management's portfolio value rose 12% quarter-over-quarter to $362M.

Based on Luminus Management's 13F filing for Q4 2023, filed 15 Feb 2024.