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PSP
Principal Street Partners Portfolio holdings
AUM
$613M
1-Year Est. Return
26.72%
This Fund
S&P 500
This Quarter
Est. Return
+2.31%
1 Year Est. Return
+26.72%
3 Year Est. Return
+73.04%
5 Year Est. Return
+95.16%
10 Year Est. Return
–
AUM
$181M
AUM Growth
-$48.7M
(-21%)
Cap. Flow
-$49.2M
Cap. Flow
% of AUM
-27.14%
Top 10 Holdings %
Top 10 Hldgs %
32.04%
Holding
138
New
61
Increased
31
Reduced
41
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ryman Hospitality Properties
RHP
|
+$10.7M |
| 2 |
iShares S&P 500 Growth ETF
IVW
|
+$10.1M |
| 3 |
Mid-America Apartment Communities
MAA
|
+$8.2M |
| 4 |
Ares Capital
ARCC
|
+$8.09M |
| 5 |
Apple
AAPL
|
+$4.16M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ManpowerGroup
MAN
|
+$5.59M |
| 2 |
Huntington Bancshares
HBAN
|
+$4.78M |
| 3 |
UFS
DOMTAR CORPORATION (New)
UFS
|
+$4.12M |
| 4 |
J.M. Smucker
SJM
|
+$4.11M |
| 5 |
LM
Legg Mason, Inc.
LM
|
+$4.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.31% |
| 2 | Consumer Discretionary | 11.64% |
| 3 | Technology | 11.44% |
| 4 | Real Estate | 11.1% |
| 5 | Communication Services | 8.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Sanofi
SNY
$104B
| $254K | 0.14% |
+5,879
| New | +$250K |
|
127
Cboe Global Markets
CBOE
$29.9B
| $242K | 0.13% |
2,332
-2,701
| -54% | -$280K |
|
128
Honeywell
HON
$78B
| $236K | 0.13% |
+1,436
| New | +$229K |
|
129
Southern Company
SO
$107B
| $222K | 0.12% |
+4,008
| New | +$215K |
|
130
Coca-Cola
KO
$375B
| $220K | 0.12% |
+4,293
| New | +$210K |
|
131
Red Rock Resorts
RRR
$3.62B
| $217K | 0.12% |
+10,106
| New | +$246K |
|
132
MPLX
MPLX
$59.7B
| $206K | 0.11% |
+6,390
| New | +$204K |
|
133
Amcor
AMCR
$22.1B
| $147K | 0.08% |
+2,551
| New | +$142K |
|
|
134
Huntington Bancshares
HBAN
$35.5B
| – | – |
-372,836
| Closed | -$4.78M |
|
135
Helix Energy Solutions
HLX
$1.41B
| – | – |
-17,920
| Closed | -$142K |
|
136
Kraft Heinz
KHC
$30B
| – | – |
-114,649
| Closed | -$3.74M |
|
|
137
ManpowerGroup
MAN
$2.63B
| – | – |
-67,600
| Closed | -$5.59M |
|
|
QVCGA
138
DELISTED
QVC Group Inc Series A
QVCGA
| – | – |
-432
| Closed | -$335K |
|
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Principal Street Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Principal Street Partners held 138 positions worth $181M, down 21% from $230M the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Principal Street Partners withdrew a net $49.2M in Q2 2019, closing 5 positions and reducing 41 holdings. Its most notable exit was ManpowerGroup, an estimated $5.59M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 8.3% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Principal Street Partners opened a new position in Ryman Hospitality Properties worth $10.7M.
- Principal Street Partners's largest Q2 2019 buy was Ryman Hospitality Properties: 130,611 shares worth $10.7M.
- Principal Street Partners added most to Amazon in Q2 2019, an estimated $3.83M increase.
- Principal Street Partners's biggest Q2 2019 reduction was DOMTAR CORPORATION (New), cutting an estimated $4.12M.
- Principal Street Partners fully exited ManpowerGroup in Q2 2019, selling an estimated $5.59M.
- Principal Street Partners's ten largest holdings make up 32% of its $181M portfolio in Q2 2019.
- Principal Street Partners opened 61 new positions and closed 5 in Q2 2019.
- Principal Street Partners's portfolio value fell 21% quarter-over-quarter to $181M.
Based on Principal Street Partners's 13F filing for Q2 2019, filed 15 Aug 2019.