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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
-0.63%
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
$621M
AUM Growth
-$250M
(-29%)
Cap. Flow
-$245M
Cap. Flow % of AUM
Cap. Flow %
-39.5%
Top 10 Holdings %
Top 10 Hldgs %
88.61%
Holding
67
New
21
Increased
6
Reduced
10
Closed
17
Avg Time Held
Equity + Options
1.2
years
Top 10 Avg Time Held
Equity + Options
0.9
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
1.3
years
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
0.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Quanta Services
PWR
|
+$57.1M |
| 2 |
Goldman Sachs
GS
|
+$26.7M |
| 3 |
Newfield Exploration
NFX
|
+$12.1M |
| 4 |
Alerian MLP ETF
AMLP
|
+$8.45M |
| 5 |
Merck
MRK
|
+$6.38M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$96.2M |
| 2 |
Dycom Industries
DY
|
+$75.6M |
| 3 |
APA Corp
APA
|
+$57.5M |
| 4 |
United Rentals
URI
|
+$34M |
| 5 |
AGU
Agrium
AGU
|
+$21.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 71.42% |
| 2 | Energy | 10.31% |
| 3 | Real Estate | 4.69% |
| 4 | Financials | 4.29% |
| 5 | Technology | 3.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
MasTec
MTZ
$14B
| $215M | 34.65% |
4,764,462
-23,900
| -0.5% | -$1.03M |
2013 Q2
16 quarters
|
|
|
2
Quanta Services
PWR
$81.5B
| $150M | 24.2% |
4,564,485
+1,714,485
| +60% | +$57.1M |
2016 Q4
2 quarters
|
|
|
3
Dycom Industries
DY
$6.26B
| $54.6M | 8.79% |
609,389
-779,237
| -56% | -$75.6M |
2013 Q2
16 quarters
|
|
|
4
DELISTED
Newfield Exploration
NFX
| $34.5M | 5.56% |
1,212,012
+366,310
| +43% | +$12.1M |
2016 Q2
4 quarters
|
|
|
5
Goldman Sachs
GS
$250B
| $26.6M | 4.29% |
+120,000
| New | +$26.7M |
2017 Q2
0 quarters
|
|
6
SBA Communications
SBAC
$19.8B
| $21.9M | 3.52% |
162,085
-9,800
| -6% | -$1.27M |
2013 Q2
16 quarters
|
|
7
WESCO International
WCC
$14.2B
| $15.9M | 2.56% |
277,185
-199,508
| -42% | -$12.4M |
2016 Q1
5 quarters
|
|
|
WPX
8
DELISTED
WPX Energy, Inc.
WPX
| $15.5M | 2.5% |
1,607,190
+297,290
| +23% | +$3.39M |
2016 Q4
2 quarters
|
|
|
9
Alerian MLP ETF
AMLP
$12.1B
| $9.4M | 1.51% |
157,211
+138,671
| +748% | +$8.45M |
2016 Q2
4 quarters
|
|
|
10
Merck
MRK
$362B
| $6.41M | 1.03% |
+104,800
| New | +$6.38M |
2017 Q2
0 quarters
|
|
11
Alphabet (Google) Class A
GOOGL
$3.5T
| $4.65M | 0.75% |
100,000
| – | – |
2017 Q1
1 quarter
|
|
12
EOG Resources
EOG
$77.2B
| $4.53M | 0.73% |
50,000
-127,630
| -72% | -$11.8M |
2017 Q1
1 quarter
|
|
13
Adobe
ADBE
$93.1B
| $4.34M | 0.7% |
+30,000
| New | +$4.11M |
2017 Q2
0 quarters
|
|
14
United Parcel Service
UPS
$92.1B
| $3.87M | 0.62% |
+35,000
| New | +$3.74M |
2017 Q2
0 quarters
|
|
15
Crown Castle
CCI
$37.7B
| $3.76M | 0.61% |
37,500
-125,000
| -77% | -$12.3M |
2013 Q2
16 quarters
|
|
16
Southwest Airlines
LUV
$21.8B
| $3.73M | 0.6% |
+60,000
| New | +$3.49M |
2017 Q2
0 quarters
|
|
17
Flotek Industries
FTK
$886M
| $3.55M | 0.57% |
66,206
-10,794
| -14% | -$679K |
2013 Q2
16 quarters
|
|
18
Sherwin-Williams
SHW
$83.1B
| $3.51M | 0.57% |
+30,000
| New | +$3.35M |
2017 Q2
0 quarters
|
|
19
American Tower
AMT
$87.6B
| $3.51M | 0.56% |
26,500
+5,000
| +23% | +$640K |
2016 Q1
5 quarters
|
|
20
Microsoft
MSFT
$3.94T
| $3.45M | 0.56% |
+50,000
| New | +$3.43M |
2017 Q2
0 quarters
|
|
|
AKS
21
DELISTED
AK Steel Holding Corp
AKS
| $3.28M | 0.53% |
+50,000
| New | +$313K |
2017 Q2
0 quarters
|
|
22
DELISTED
Infinera Corporation Common Stock
INFN
| $2.24M | 0.36% |
+210,000
| New | +$2.15M |
2017 Q2
0 quarters
|
|
23
Micron Technology
MU
$781B
| $2.24M | 0.36% |
+75,000
| New | +$2.19M |
2017 Q2
0 quarters
|
|
24
First Solar
FSLR
$21.6B
| $1.99M | 0.32% |
+50,000
| New | +$1.7M |
2017 Q2
0 quarters
|
|
|
CXO
25
DELISTED
CONCHO RESOURCES INC.
CXO
| $1.82M | 0.29% |
15,000
-10,000
| -40% | -$1.26M |
2013 Q2
16 quarters
|
|
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Peconic Partners's Q2 2017 Portfolio in Review
As of Q2 2017, Peconic Partners held 67 positions worth $621M, down 29% from $871M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Peconic Partners withdrew a net $245M in Q2 2017, closing 17 positions and reducing 10 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $96.2M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 71% of assets, up from 57% a quarter earlier, followed by Energy and Real Estate.
Against the trend, Peconic Partners opened a new position in Goldman Sachs worth $26.6M.
- Peconic Partners's largest Q2 2017 buy was Goldman Sachs: 120,000 shares worth $26.6M.
- Peconic Partners added most to Quanta Services in Q2 2017, an estimated $57.1M increase.
- Peconic Partners's biggest Q2 2017 reduction was Dycom Industries, cutting an estimated $75.6M.
- Peconic Partners fully exited iShares Russell 2000 ETF in Q2 2017, selling an estimated $96.2M.
- Peconic Partners's ten largest holdings make up 89% of its $621M portfolio in Q2 2017.
- Peconic Partners opened 21 new positions and closed 17 in Q2 2017.
- Peconic Partners's portfolio value fell 29% quarter-over-quarter to $621M.
Based on Peconic Partners's 13F filing for Q2 2017, filed 14 Aug 2017.