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NBW Capital Portfolio holdings
AUM
$464M
1-Year Est. Return
21.25%
This Fund
S&P 500
This Quarter
Est. Return
-23.02%
1 Year Est. Return
+21.25%
3 Year Est. Return
+86.02%
5 Year Est. Return
+174.73%
10 Year Est. Return
+389.4%
AUM
$210M
AUM Growth
-$142M
(-40%)
Cap. Flow
-$41.6M
Cap. Flow
% of AUM
-19.81%
Top 10 Holdings %
Top 10 Hldgs %
35.28%
Holding
75
New
2
Increased
10
Reduced
57
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ETRACS Alerian MLP Infrastructure Index ETN Series B due Apr 2 2040
MLPB
|
+$10.4M |
| 2 |
OneWater Marine
ONEW
|
+$3.04M |
| 3 |
FOCS
Focus Financial Partners Inc. Class A
FOCS
|
+$799K |
| 4 |
Plains GP Holdings
PAGP
|
+$652K |
| 5 |
MPLX
MPLX
|
+$563K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MLPI
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
|
+$12.2M |
| 2 |
Oneok
OKE
|
+$9.88M |
| 3 |
Kinder Morgan
KMI
|
+$9.76M |
| 4 |
Apple
AAPL
|
+$5.01M |
| 5 |
Atlantic Union Bankshares
AUB
|
+$3.59M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.79% |
| 2 | Energy | 14.67% |
| 3 | Healthcare | 13.58% |
| 4 | Financials | 9.79% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.85B
| $3.37M | 1.6% |
164,944
-10,047
| -6% | -$318K |
|
27
Masco
MAS
$14.2B
| $3.31M | 1.58% |
95,701
-3,149
| -3% | -$138K |
|
28
Analog Devices
ADI
$179B
| $3.1M | 1.48% |
34,609
-996
| -3% | -$109K |
|
|
ATVI
29
DELISTED
Activision Blizzard
ATVI
| $3.05M | 1.45% |
51,270
-3,127
| -6% | -$186K |
|
30
BJs Wholesale Club
BJ
$12.6B
| $3.05M | 1.45% |
119,667
-7,688
| -6% | -$173K |
|
|
BPMP
31
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $3.02M | 1.44% |
324,401
-25,325
| -7% | -$329K |
|
32
Electronic Arts
EA
$52.9B
| $2.88M | 1.37% |
28,778
+14
| +0% | +$1.47K |
|
33
Waste Management
WM
$90.5B
| $2.87M | 1.37% |
30,983
-75
| -0.2% | -$8.6K |
|
|
FOCS
34
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $2.83M | 1.35% |
122,897
+30,114
| +32% | +$799K |
|
35
Fortive
FTV
$17.7B
| $2.81M | 1.34% |
80,589
+9,295
| +13% | +$406K |
|
|
SIVB
36
DELISTED
SVB Financial Group
SIVB
| $2.55M | 1.21% |
16,862
-746
| -4% | -$164K |
|
37
Fox Factory Holding Corp
FOXF
$747M
| $2.51M | 1.19% |
59,742
-3,106
| -5% | -$196K |
|
38
Malibu Boats
MBUU
$550M
| $2.5M | 1.19% |
86,963
+417
| +0.5% | +$16.5K |
|
|
SHLX
39
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $2.46M | 1.17% |
246,117
-18,294
| -7% | -$312K |
|
40
Energy Transfer Partners
ET
$69.6B
| $2.26M | 1.08% |
491,569
-40,005
| -8% | -$426K |
|
41
HealthEquity
HQY
$8.44B
| $2.19M | 1.04% |
43,271
+1,813
| +4% | +$120K |
|
42
Patrick Industries
PATK
$2.79B
| $2.08M | 0.99% |
110,721
-5,376
| -5% | -$171K |
|
|
43
OneWater Marine
ONEW
$206M
| $1.99M | 0.95% |
+260,369
| New | +$3.04M |
|
44
UnitedHealth
UNH
$383B
| $1.98M | 0.94% |
7,942
-414
| -5% | -$114K |
|
45
KeyCorp
KEY
$24.2B
| $1.97M | 0.94% |
189,859
-5,913
| -3% | -$98.4K |
|
|
46
MPLX
MPLX
$58.5B
| $1.93M | 0.92% |
165,807
+27,500
| +20% | +$563K |
|
47
Innovative Industrial Properties
IIPR
$1.76B
| $1.64M | 0.78% |
21,619
+1,542
| +8% | +$130K |
|
48
Chegg
CHGG
$118M
| $1.62M | 0.77% |
45,178
-930
| -2% | -$36.3K |
|
|
OMP
49
DELISTED
Oasis Midstream Partners LP Common Units Representing Limited Partner Interests
OMP
| $1.5M | 0.72% |
303,658
+10,365
| +4% | +$126K |
|
|
50
Plains GP Holdings
PAGP
$5.26B
| $1.45M | 0.69% |
258,888
+46,365
| +22% | +$652K |
|
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NBW Capital's Q1 2020 Portfolio in Review
As of Q1 2020, NBW Capital held 75 positions worth $210M, down 40% from $352M the previous quarter. Its ten largest holdings account for 35% of the portfolio.
NBW Capital withdrew a net $41.6M in Q1 2020, closing 6 positions and reducing 57 holdings. Its most notable exit was Oneok, an estimated $9.88M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 18% a quarter earlier, followed by Energy and Healthcare.
Against the trend, NBW Capital opened a new position in ETRACS Alerian MLP Infrastructure Index ETN Series B due Apr 2 2040 worth $5.51M.
- NBW Capital's largest Q1 2020 buy was ETRACS Alerian MLP Infrastructure Index ETN Series B due Apr 2 2040: 675,677 shares worth $5.51M.
- NBW Capital added most to Focus Financial Partners Inc. Class A in Q1 2020, an estimated $799K increase.
- NBW Capital's biggest Q1 2020 reduction was UBS E-TRACS Alerian MLP Infrastructure ETN, cutting an estimated $12.2M.
- NBW Capital fully exited Oneok in Q1 2020, selling an estimated $9.88M.
- NBW Capital's ten largest holdings make up 35% of its $210M portfolio in Q1 2020.
- NBW Capital opened 2 new positions and closed 6 in Q1 2020.
- NBW Capital's portfolio value fell 40% quarter-over-quarter to $210M.
Based on NBW Capital's 13F filing for Q1 2020, filed 11 May 2020.