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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
-0.85%
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
$337M
AUM Growth
-$26.8M
(-7.4%)
Cap. Flow
-$16.8M
Cap. Flow
% of AUM
-4.99%
Top 10 Holdings %
Top 10 Hldgs %
30.04%
Holding
76
New
2
Increased
6
Reduced
66
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Westlake Chemical Partners
WLKP
|
+$1.29M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$791K |
| 3 |
Repligen
RGEN
|
+$685K |
| 4 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$203K |
| 5 |
Electronic Arts
EA
|
+$148K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$3.55M |
| 2 |
CMA
Comerica
CMA
|
+$2.8M |
| 3 |
ENLC
ENLINK MIDSTREAM, LLC
ENLC
|
+$2.34M |
| 4 |
SEMG
SEMGROUP CORPORATION
SEMG
|
+$806K |
| 5 |
Microsoft
MSFT
|
+$514K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 31.67% |
| 2 | Technology | 17.25% |
| 3 | Financials | 9.53% |
| 4 | Healthcare | 9.52% |
| 5 | Consumer Discretionary | 6.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MLPI
1
DELISTED
UBS E-TRACS Alerian MLP Infrastructure ETN
MLPI
| $15M | 4.47% |
720,799
-20,765
| -3% | -$444K |
|
2
Apple
AAPL
$4.89T
| $12.4M | 3.69% |
221,872
-6,644
| -3% | -$347K |
|
3
Oneok
OKE
$58.6B
| $10.1M | 3.01% |
137,675
-4,128
| -3% | -$292K |
|
|
4
Microsoft
MSFT
$2.98T
| $9.84M | 2.92% |
70,791
-3,740
| -5% | -$514K |
|
5
Kinder Morgan
KMI
$72.4B
| $9.82M | 2.92% |
476,384
-11,962
| -2% | -$246K |
|
6
Danaher
DHR
$145B
| $9.66M | 2.87% |
75,455
-3,274
| -4% | -$410K |
|
7
Lockheed Martin
LMT
$118B
| $9.08M | 2.7% |
23,287
-1,008
| -4% | -$379K |
|
8
Roper Technologies
ROP
$36.8B
| $8.93M | 2.65% |
25,052
-938
| -4% | -$341K |
|
9
Alphabet (Google) Class A
GOOGL
$4.33T
| $8.14M | 2.42% |
133,380
-1,240
| -0.9% | -$73.4K |
|
10
Illinois Tool Works
ITW
$81.4B
| $8.01M | 2.38% |
51,185
-2,129
| -4% | -$323K |
|
11
Plains GP Holdings
PAGP
$5.04B
| $7.57M | 2.25% |
356,670
-12,562
| -3% | -$290K |
|
12
Cheniere Energy
LNG
$54.3B
| $7.24M | 2.15% |
114,849
-3,564
| -3% | -$228K |
|
|
SEMG
13
DELISTED
SEMGROUP CORPORATION
SEMG
| $7.14M | 2.12% |
436,966
-69,051
| -14% | -$806K |
|
|
CEQP
14
DELISTED
Crestwood Equity Partners LP
CEQP
| $6.66M | 1.98% |
182,368
-7,256
| -4% | -$263K |
|
|
PSXP
15
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $6.46M | 1.92% |
114,016
-2,728
| -2% | -$146K |
|
16
Tyler Technologies
TYL
$13B
| $6.4M | 1.9% |
24,391
-1,239
| -5% | -$303K |
|
17
Williams Companies
WMB
$91.4B
| $6.4M | 1.9% |
266,029
-7,616
| -3% | -$192K |
|
18
American Tower
AMT
$78.7B
| $6.39M | 1.9% |
28,883
-830
| -3% | -$181K |
|
19
NGL Energy Partners
NGL
$1.91B
| $6.04M | 1.8% |
434,399
-17,197
| -4% | -$243K |
|
20
State Street SPDR S&P Biotech ETF
XBI
$10.4B
| $5.93M | 1.76% |
77,840
-2,600
| -3% | -$216K |
|
|
SHLX
21
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $5.69M | 1.69% |
278,452
-11,139
| -4% | -$230K |
|
|
BPMP
22
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $5.39M | 1.6% |
368,988
-13,335
| -3% | -$202K |
|
23
Hess Midstream
HESM
$5.15B
| $5.37M | 1.6% |
278,716
-6,152
| -2% | -$120K |
|
24
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.97B
| $5.25M | 1.56% |
179,930
-6,220
| -3% | -$174K |
|
25
Energy Transfer Partners
ET
$69.5B
| $5.05M | 1.5% |
386,078
-6,409
| -2% | -$89.4K |
|
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NBW Capital's Q3 2019 Portfolio in Review
As of Q3 2019, NBW Capital held 76 positions worth $337M, down 7.4% from $363M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
NBW Capital withdrew a net $16.8M in Q3 2019, closing 2 positions and reducing 66 holdings. Its most notable exit was Comerica, an estimated $2.8M position sold in full.
By sector, the portfolio is most concentrated in Energy at 32% of assets, down from 33% a quarter earlier, followed by Technology and Financials.
Against the trend, NBW Capital opened a new position in Magellan Midstream Partners, L.P. worth $205K.
- NBW Capital's largest Q3 2019 buy was Magellan Midstream Partners, L.P.: 3,090 shares worth $205K.
- NBW Capital added most to Westlake Chemical Partners in Q3 2019, an estimated $1.29M increase.
- NBW Capital's biggest Q3 2019 reduction was UnitedHealth, cutting an estimated $3.55M.
- NBW Capital fully exited Comerica in Q3 2019, selling an estimated $2.8M.
- NBW Capital's ten largest holdings make up 30% of its $337M portfolio in Q3 2019.
- NBW Capital opened 2 new positions and closed 2 in Q3 2019.
- NBW Capital's portfolio value fell 7.4% quarter-over-quarter to $337M.
Based on NBW Capital's 13F filing for Q3 2019, filed 4 Nov 2019.