Peconic Partners Portfolio holdings
Peconic Partners runs long/short equity hedge funds that look for big trends lasting beyond a single economic cycle. Its strategy dates to the late 1970s, when founder William Harnisch began managing money at a predecessor firm. That firm's long-only business was sold in 1997 to a privately held financial services firm, while Harnisch and his partners kept the hedge fund business and, in December 2004, split off with their team to form Peconic Partners.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$195M |
| 2 |
AGN
Allergan plc
AGN
|
+$28.3M |
| 3 |
Alerian MLP ETF
AMLP
|
+$27.3M |
| 4 |
Enterprise Products Partners
EPD
|
+$17.1M |
| 5 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$15.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$27.8M |
| 2 |
TJX Companies
TJX
|
+$19.6M |
| 3 |
Delta Air Lines
DAL
|
+$18.5M |
| 4 |
Ross Stores
ROST
|
+$15.9M |
| 5 |
Jacobs Solutions
J
|
+$9.35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 42.03% |
| 2 | Miscellaneous | 28.25% |
| 3 | Energy | 12.97% |
| 4 | Real Estate | 4.42% |
| 5 | Healthcare | 4.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
iShares Russell 2000 ETF
IWM
$74B
| $199M | 24.67% |
+1,728,530
| New | +$195M |
2016 Q2
0 quarters
|
|
2
Dycom Industries
DY
$6.2B
| $177M | 21.99% |
1,973,267
+48,270
| +3% | +$3.65M |
2013 Q2
12 quarters
|
|
3
MasTec
MTZ
$13.6B
| $109M | 13.5% |
4,870,306
-8,685
| -0.2% | -$193K |
2013 Q2
12 quarters
|
|
|
AGN
4
DELISTED
Allergan plc
AGN
| $33M | 4.1% |
142,860
+122,880
| +615% | +$28.3M |
2016 Q1
1 quarter
|
|
|
5
Enterprise Products Partners
EPD
$79.2B
| $33M | 4.1% |
1,127,855
+635,230
| +129% | +$17.1M |
2013 Q2
12 quarters
|
|
6
Tutor Perini Cor
TPC
$4.64B
| $30.5M | 3.79% |
1,296,497
+131,100
| +11% | +$2.56M |
2013 Q3
11 quarters
|
|
7
SBA Communications
SBAC
$20.1B
| $30M | 3.73% |
278,385
+104,500
| +60% | +$10.6M |
2013 Q2
12 quarters
|
|
|
8
Alerian MLP ETF
AMLP
$12.1B
| $28.8M | 3.58% |
+453,142
| New | +$27.3M |
2016 Q2
0 quarters
|
|
|
ETP
9
DELISTED
Energy Transfer Partners L.p.
ETP
| $25.1M | 3.11% |
658,836
+429,156
| +187% | +$15.4M |
2016 Q1
1 quarter
|
|
10
WESCO International
WCC
$14B
| $21.8M | 2.71% |
423,363
+223,866
| +112% | +$12.6M |
2016 Q1
1 quarter
|
|
11
Bunge Global
BG
$19.2B
| $13.7M | 1.7% |
+232,179
| New | +$14.2M |
2016 Q2
0 quarters
|
|
|
CPN
12
DELISTED
Calpine Corporation
CPN
| $12.8M | 1.59% |
866,039
+789,840
| +1,037% | +$11.7M |
2013 Q2
12 quarters
|
|
13
EQT Corp
EQT
$31.4B
| $11.6M | 1.44% |
+275,550
| New | +$10.7M |
2016 Q2
0 quarters
|
|
14
DELISTED
Spectra Energy Corp Wi
SE
| $11M | 1.36% |
299,600
| – | – |
2016 Q1
1 quarter
|
|
15
Archer Daniels Midland
ADM
$33.8B
| $9.28M | 1.15% |
+216,287
| New | +$8.62M |
2016 Q2
0 quarters
|
|
16
Yelp
YELP
$1.05B
| $8.76M | 1.09% |
+288,544
| New | +$7.02M |
2016 Q2
0 quarters
|
|
17
DELISTED
Coterra Energy
CTRA
| $7.72M | 0.96% |
+300,000
| New | +$7.2M |
2016 Q2
0 quarters
|
|
18
Freeport-McMoran
FCX
$85.7B
| $5.01M | 0.62% |
+450,000
| New | +$4.98M |
2016 Q2
0 quarters
|
|
19
Flotek Industries
FTK
$823M
| $4.32M | 0.54% |
54,500
| – | – |
2013 Q2
12 quarters
|
|
20
ScottsMiracle-Gro
SMG
$3.76B
| $3.48M | 0.43% |
+49,841
| New | +$3.46M |
2016 Q2
0 quarters
|
|
|
PEGI
21
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $3.45M | 0.43% |
+150,000
| New | +$3.12M |
2016 Q2
0 quarters
|
|
22
Crown Castle
CCI
$38.4B
| $3.3M | 0.41% |
32,500
-10,600
| -25% | -$962K |
2013 Q2
12 quarters
|
|
|
CXO
23
DELISTED
CONCHO RESOURCES INC.
CXO
| $2.98M | 0.37% |
25,000
+10,000
| +67% | +$1.16M |
2013 Q2
12 quarters
|
|
24
DELISTED
Pioneer Natural Resource Co.
PXD
| $2.72M | 0.34% |
18,000
+10,000
| +125% | +$1.57M |
2016 Q1
1 quarter
|
|
|
POT
25
DELISTED
Potash Corp Of Saskatchewan
POT
| $2.44M | 0.3% |
+150,000
| New | +$2.51M |
2016 Q2
0 quarters
|
|
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Peconic Partners's Q2 2016 Portfolio in Review
As of Q2 2016, Peconic Partners held 62 positions worth $806M, up 75% from $461M the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Peconic Partners deployed $255M of net new capital in Q2 2016, opening 18 new positions and adding to 13 existing holdings. Its largest new stake was iShares Russell 2000 ETF: 1,728,530 shares worth $199M.
By sector, the portfolio is most concentrated in Industrials at 42% of assets, down from 65% a quarter earlier, followed by Miscellaneous and Energy.
On the sell side, the largest reduction was Crown Castle, an estimated $962K trimmed.
- Peconic Partners's largest Q2 2016 buy was iShares Russell 2000 ETF: 1,728,530 shares worth $199M.
- Peconic Partners added most to Allergan plc in Q2 2016, an estimated $28.3M increase.
- Peconic Partners's biggest Q2 2016 reduction was Crown Castle, cutting an estimated $962K.
- Peconic Partners fully exited Alphabet (Google) Class A in Q2 2016, selling an estimated $27.8M.
- Peconic Partners's ten largest holdings make up 85% of its $806M portfolio in Q2 2016.
- Peconic Partners opened 18 new positions and closed 19 in Q2 2016.
- Peconic Partners's portfolio value rose 75% quarter-over-quarter to $806M.
Based on Peconic Partners's 13F filing for Q2 2016, filed 15 Aug 2016.