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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
-4.08%
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
$220M
AUM Growth
-$142M
Cap. Flow
-$73.9M
Cap. Flow %
-33.61%
Top 10 Hldgs %
90.55%
Holding
35
New
13
Increased
3
Reduced
8
Closed
10

Top Buys

Rank Stock Value
1
OLN icon
Olin
OLN
+$55.3M
2
AVNT icon
Avient
AVNT
+$5.13M
3
NRG icon
NRG Energy
NRG
+$2.31M
4
SEE
Sealed Air
SEE
+$2.28M
5
FMC icon
FMC
FMC
+$1.57M

Top Sells

Rank Stock Value
1
OI icon
O-I Glass
OI
+$12M
2
PPG icon
PPG Industries
PPG
+$9.95M
3
BERY
Berry Global Group, Inc.
BERY
+$8.39M
4
ARCH
Arch Resources, Inc.
ARCH
+$6.27M
5
CC icon
Chemours
CC
+$4.74M

Sector Composition

Rank Sector Weight
1 Materials 45.49%
2 Energy 15.84%
3 Consumer Discretionary 12.66%
4 Utilities 1.27%
5 Technology 1.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CC icon
1
CALL
Chemours
CC
$2.58B
$38.9M 17.72%
1,483,200
+1,097,900
+285% +$31.3M
TROX icon
2
Tronox
TROX
$949M
$37.3M 16.98%
2,151,358
-78,079
-4% -$1.14M
BATL icon
3
Battalion Oil
BATL
$36.3M
$34.8M 15.84%
6,151,448
– –
OI icon
4
O-I Glass
OI
$1.37B
$19.4M 8.84%
1,170,779
-756,973
-39% -$12M
OLN icon
5
Olin
OLN
$2.53B
$18.8M 8.55%
+1,030,154
New +$55.3M
CC icon
6
Chemours
CC
$2.58B
$18.2M 8.26%
691,313
-166,540
-19% -$4.74M
APD icon
7
CALL
Air Products & Chemicals
APD
$66.1B
$8.96M 4.08%
37,000
-90,000
-71% -$22.1M
SEE
8
DELISTED
Sealed Air
SEE
$8.4M 3.82%
225,756
+63,700
+39% +$2.28M
ASH icon
9
Ashland
ASH
$3.1B
$7.99M 3.63%
82,040
-35,760
-30% -$3.2M
BERY
10
DELISTED
Berry Global Group, Inc.
BERY
$6.18M 2.81%
111,244
-147,390
-57% -$8.39M
AVNT icon
11
Avient
AVNT
$3.31B
$5.72M 2.6%
+131,750
New +$5.13M
APD icon
12
Air Products & Chemicals
APD
$66.1B
$4.1M 1.87%
16,926
-16,650
-50% -$4.08M
NRG icon
13
NRG Energy
NRG
$27.6B
$2.79M 1.27%
+41,213
New +$2.31M
FMC icon
14
FMC
FMC
$1.4B
$1.71M 0.78%
+26,860
New +$1.57M
VXX icon
15
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$160M
$1.65M 0.75%
31,875
+3,125
+11% +$179K
REKR icon
16
Rekor Systems
REKR
$84.2M
$973K 0.44%
+425,000
New +$1.17M
PGY icon
17
Pagaya Technologies
PGY
$1.42B
$682K 0.31%
+67,500
New +$958K
LUCD icon
18
Lucid Diagnostics
LUCD
$185M
$581K 0.26%
717,657
-55,589
-7% -$72.1K
AUGX
19
DELISTED
Augmedix, Inc. Common Stock
AUGX
$557K 0.25%
+136,155
New +$609K
MAGN
20
Magnera Corp
MAGN
$481M
$522K 0.24%
+20,092
New +$477K
BKKT icon
21
Bakkt Inc
BKKT
$351M
$465K 0.21%
+40,440
New +$1.09M
FRSH icon
22
Freshworks
FRSH
$3.05B
$364K 0.17%
+20,001
New +$414K
AHCO icon
23
AdaptHealth
AHCO
$1.49B
$347K 0.16%
+30,147
New +$256K
LAB icon
24
Standard BioTools
LAB
$333M
$257K 0.12%
+95,000
New +$229K
CERS icon
25
Cerus
CERS
$631M
$49.1K 0.02%
+26,000
New +$53K
1
2

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Luminus Management's Q1 2024 Portfolio in Review

As of Q1 2024, Luminus Management held 35 positions worth $220M, down 39% from $362M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Luminus Management withdrew a net $73.9M in Q1 2024, closing 10 positions and reducing 8 holdings. Its most notable exit was PPG Industries, an estimated $9.95M position sold in full.

By sector, the portfolio is most concentrated in Materials at 45% of assets, up from 29% a quarter earlier, followed by Energy and Consumer Discretionary.

Against the trend, Luminus Management opened a new position in Olin worth $18.8M.

  • Luminus Management's largest Q1 2024 buy was Olin: 1,030,154 shares worth $18.8M.
  • Luminus Management added most to Sealed Air in Q1 2024, an estimated $2.28M increase.
  • Luminus Management's biggest Q1 2024 reduction was O-I Glass, cutting an estimated $12M.
  • Luminus Management fully exited PPG Industries in Q1 2024, selling an estimated $9.95M.
  • Luminus Management's ten largest holdings make up 91% of its $220M portfolio in Q1 2024.
  • Luminus Management opened 13 new positions and closed 10 in Q1 2024.
  • Luminus Management's portfolio value fell 39% quarter-over-quarter to $220M.

Based on Luminus Management's 13F filing for Q1 2024, filed 15 May 2024.