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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 | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.35T
| $9.9M | 4.72% |
62,806
-4,449
| -7% | -$732K |
|
|
2
Apple
AAPL
$4.9T
| $8.75M | 4.17% |
137,640
-68,168
| -33% | -$5.01M |
|
3
Danaher
DHR
$138B
| $8.51M | 4.05% |
69,367
-3,100
| -4% | -$418K |
|
4
Roper Technologies
ROP
$38.5B
| $7.23M | 3.44% |
23,184
-1,322
| -5% | -$468K |
|
5
Lockheed Martin
LMT
$132B
| $7.2M | 3.43% |
21,228
-1,390
| -6% | -$547K |
|
6
Alphabet (Google) Class A
GOOGL
$4.08T
| $7.12M | 3.39% |
122,480
-5,040
| -4% | -$342K |
|
7
Illinois Tool Works
ITW
$81.6B
| $6.85M | 3.26% |
48,230
-1,778
| -4% | -$302K |
|
8
Tyler Technologies
TYL
$13.2B
| $6.66M | 3.17% |
22,471
-1,319
| -6% | -$409K |
|
9
American Tower
AMT
$81.3B
| $5.94M | 2.83% |
27,297
-740
| -3% | -$172K |
|
10
State Street SPDR S&P Biotech ETF
XBI
$10.3B
| $5.91M | 2.82% |
76,327
-2,051
| -3% | -$182K |
|
|
11
ETRACS Alerian MLP Infrastructure Index ETN Series B due Apr 2 2040
MLPB
$248M
| $5.51M | 2.63% |
+675,677
| New | +$10.4M |
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$784B
| $4.79M | 2.28% |
18,594
-3,390
| -15% | -$1.03M |
|
13
Steris
STE
$22.5B
| $4.5M | 2.14% |
32,147
-1,358
| -4% | -$203K |
|
14
Palomar
PLMR
$3.61B
| $4.45M | 2.12% |
76,475
-6,075
| -7% | -$317K |
|
15
Repligen
RGEN
$8.1B
| $3.9M | 1.86% |
40,394
-2,466
| -6% | -$238K |
|
16
Nike
NKE
$62.7B
| $3.88M | 1.85% |
46,839
-1,990
| -4% | -$185K |
|
17
Cheniere Energy
LNG
$54.1B
| $3.85M | 1.83% |
114,910
-6,053
| -5% | -$310K |
|
18
Williams Companies
WMB
$86.7B
| $3.76M | 1.79% |
266,023
-5,399
| -2% | -$105K |
|
|
SPLK
19
DELISTED
Splunk Inc
SPLK
| $3.74M | 1.78% |
29,599
-1,917
| -6% | -$282K |
|
|
MRSH
20
Marsh
MRSH
$91.4B
| $3.7M | 1.76% |
42,743
-1,391
| -3% | -$148K |
|
21
Hess Midstream
HESM
$5.17B
| $3.58M | 1.71% |
352,579
-7,853
| -2% | -$148K |
|
|
PSXP
22
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $3.57M | 1.7% |
97,969
-9,672
| -9% | -$513K |
|
23
McDonald's
MCD
$191B
| $3.51M | 1.67% |
21,217
-333
| -2% | -$65.6K |
|
24
Boston Scientific
BSX
$68.4B
| $3.5M | 1.67% |
107,252
-4,254
| -4% | -$166K |
|
25
Descartes Systems
DSGX
$6.39B
| $3.46M | 1.65% |
100,553
-5,168
| -5% | -$215K |
|
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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.