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Peconic Partners Portfolio holdings
AUM
$8.04B
Turnover
30%
1-Year Est. Return
107.18%
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.
This Fund
S&P 500
This Quarter Est. Return
+8.5%
1 Year Est. Return
+107.18%
3 Year Est. Return
+300.02%
5 Year Est. Return
+691.8%
10 Year Est. Return
+3,202.62%
AUM
$757M
AUM Growth
-$33.3M
(-4.2%)
Cap. Flow
-$71.2M
Cap. Flow % of AUM
Cap. Flow %
-9.4%
Top 10 Holdings %
Top 10 Hldgs %
77.58%
Holding
54
New
11
Increased
9
Reduced
10
Closed
12
Avg Time Held
Equity + Options
1.3
years
Top 10 Avg Time Held
Equity + Options
0.8
years
Top 20 Avg Time Held
Equity + Options
0.6
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
0.8
years
Top 20 Avg Time Held Equity only
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Quanta Services
PWR
|
+$38.5M |
| 2 |
APA Corp
APA
|
+$25.2M |
| 3 |
Newfield Exploration
NFX
|
+$17M |
| 4 |
United Rentals
URI
|
+$16.7M |
| 5 |
WPX
WPX Energy, Inc.
WPX
|
+$16.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dycom Industries
DY
|
+$63.9M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$40.2M |
| 3 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$29.9M |
| 4 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$28.1M |
| 5 |
Enterprise Products Partners
EPD
|
+$27.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 50.72% |
| 2 | Energy | 38.92% |
| 3 | Miscellaneous | 5.13% |
| 4 | Real Estate | 3.38% |
| 5 | Materials | 0.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
MasTec
MTZ
$15.3B
| $183M | 24.21% |
4,788,946
-64,040
| -1% | -$2.17M |
2013 Q2
14 quarters
|
|
|
2
Dycom Industries
DY
$6.9B
| $111M | 14.73% |
1,388,626
-789,486
| -36% | -$63.9M |
2013 Q2
14 quarters
|
|
|
3
APA Corp
APA
$15.5B
| $69.8M | 9.22% |
1,099,200
+400,000
| +57% | +$25.2M |
2016 Q3
1 quarter
|
|
|
4
Quanta Services
PWR
$92.8B
| $42.7M | 5.64% |
+1,225,000
| New | +$38.5M |
2016 Q4
0 quarters
|
|
5
Alerian MLP ETF
AMLP
$12.3B
| $37.2M | 4.92% |
591,054
+18,540
| +3% | +$1.15M |
2016 Q2
2 quarters
|
|
|
6
DELISTED
Newfield Exploration
NFX
| $34.3M | 4.53% |
845,702
+400,000
| +90% | +$17M |
2016 Q2
2 quarters
|
|
7
Kinder Morgan
KMI
$70.4B
| $33.4M | 4.42% |
1,614,340
+240,000
| +17% | +$5.07M |
2016 Q3
1 quarter
|
|
8
Williams Companies
WMB
$86.1B
| $27.2M | 3.59% |
872,235
| – | – |
2016 Q3
1 quarter
|
|
9
DELISTED
Coterra Energy
CTRA
| $24.6M | 3.24% |
1,051,105
+455,800
| +77% | +$10.2M |
2016 Q2
2 quarters
|
|
|
10
United Rentals
URI
$71B
| $23.4M | 3.09% |
221,165
+183,907
| +494% | +$16.7M |
2016 Q3
1 quarter
|
|
11
WESCO International
WCC
$16.2B
| $23.1M | 3.06% |
347,693
+195,141
| +128% | +$12.4M |
2016 Q1
3 quarters
|
|
|
WPX
12
DELISTED
WPX Energy, Inc.
WPX
| $18.2M | 2.41% |
+1,252,015
| New | +$16.6M |
2016 Q4
0 quarters
|
|
13
SBA Communications
SBAC
$19.9B
| $17.9M | 2.36% |
172,885
-32,009
| -16% | -$3.37M |
2013 Q2
14 quarters
|
|
14
Devon Energy
DVN
$50.6B
| $13.7M | 1.81% |
+300,000
| New | +$13.2M |
2016 Q4
0 quarters
|
|
15
EQT Corp
EQT
$33B
| $11.5M | 1.53% |
324,401
-5,974
| -2% | -$222K |
2016 Q2
2 quarters
|
|
16
Range Resources
RRC
$12.1B
| $10.3M | 1.36% |
+300,000
| New | +$10.7M |
2016 Q4
0 quarters
|
|
17
Chord Energy
CHRD
$7.51B
| $9.08M | 1.2% |
+600,000
| New | +$7.77M |
2016 Q4
0 quarters
|
|
|
PDCE
18
DELISTED
PDC Energy, Inc.
PDCE
| $8.71M | 1.15% |
+120,000
| New | +$8.25M |
2016 Q4
0 quarters
|
|
19
Cheniere Energy
LNG
$61.5B
| $7.92M | 1.05% |
191,290
+124,500
| +186% | +$5.03M |
2016 Q3
1 quarter
|
|
|
CLR
20
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $6.7M | 0.89% |
+130,000
| New | +$6.72M |
2016 Q4
0 quarters
|
|
21
Crown Castle
CCI
$37.8B
| $5.42M | 0.72% |
62,500
-20,000
| -24% | -$1.75M |
2013 Q2
14 quarters
|
|
|
WLL
22
DELISTED
Whiting Petroleum Corporation
WLL
| $4.51M | 0.6% |
+1,250
| New | +$3.75M |
2016 Q4
0 quarters
|
|
23
Teck Resources
TECK
$31.5B
| $4.08M | 0.54% |
203,680
+158,680
| +353% | +$3.43M |
2016 Q3
1 quarter
|
|
24
Flotek Industries
FTK
$990M
| $4.01M | 0.53% |
71,167
-54,585
| -43% | -$3.99M |
2013 Q2
14 quarters
|
|
25
SM Energy
SM
$7.15B
| $3.45M | 0.46% |
+100,000
| New | +$3.61M |
2016 Q4
0 quarters
|
|
Similar funds
Peconic Partners's Q4 2016 Portfolio in Review
As of Q4 2016, Peconic Partners held 54 positions worth $757M, down 4.2% from $790M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Peconic Partners withdrew a net $71.2M in Q4 2016, closing 12 positions and reducing 10 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $40.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 51% of assets, up from 46% a quarter earlier, followed by Energy and Miscellaneous.
Against the trend, Peconic Partners opened a new position in Quanta Services worth $42.7M.
- Peconic Partners's largest Q4 2016 buy was Quanta Services: 1,225,000 shares worth $42.7M.
- Peconic Partners added most to APA Corp in Q4 2016, an estimated $25.2M increase.
- Peconic Partners's biggest Q4 2016 reduction was Dycom Industries, cutting an estimated $63.9M.
- Peconic Partners fully exited Alphabet (Google) Class A in Q4 2016, selling an estimated $40.2M.
- Peconic Partners's ten largest holdings make up 78% of its $757M portfolio in Q4 2016.
- Peconic Partners opened 11 new positions and closed 12 in Q4 2016.
- Peconic Partners's portfolio value fell 4.2% quarter-over-quarter to $757M.
Based on Peconic Partners's 13F filing for Q4 2016, filed 14 Feb 2017.