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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
-16.35%
1 Year Est. Return
+26.72%
3 Year Est. Return
+73.04%
5 Year Est. Return
+95.16%
10 Year Est. Return
–
AUM
$238M
AUM Growth
-$210M
(-47%)
Cap. Flow
-$162M
Cap. Flow
% of AUM
-68.16%
Top 10 Holdings %
Top 10 Hldgs %
26.54%
Holding
229
New
35
Increased
39
Reduced
49
Closed
99
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$7.27M |
| 2 |
IBM
IBM
|
+$6.68M |
| 3 |
Exelon
EXC
|
+$6.46M |
| 4 |
Amgen
AMGN
|
+$6.07M |
| 5 |
Keurig Dr Pepper
KDP
|
+$6.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ares Capital
ARCC
|
+$9.16M |
| 2 |
Carnival Corporation Ltd
CCL
|
+$8.7M |
| 3 |
Fastenal
FAST
|
+$8.54M |
| 4 |
Cummins
CMI
|
+$8.5M |
| 5 |
Western Digital
WDC
|
+$8.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.36% |
| 2 | Healthcare | 18.45% |
| 3 | Consumer Staples | 17.44% |
| 4 | Utilities | 15.36% |
| 5 | Communication Services | 11.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Ecolab
ECL
$79.7B
| – | – |
-3,912
| Closed | -$755K |
|
152
Diamondback Energy
FANG
$55.7B
| – | – |
-13,717
| Closed | -$1.27M |
|
|
153
Fastenal
FAST
$59.8B
| – | – |
-462,326
| Closed | -$8.54M |
|
154
Five Below
FIVE
$13B
| – | – |
-3,837
| Closed | -$491K |
|
155
FS KKR Capital
FSK
$3.37B
| – | – |
-30,848
| Closed | -$756K |
|
156
Golub Capital BDC
GBDC
$3.41B
| – | – |
-48,051
| Closed | -$891K |
|
157
Genuine Parts
GPC
$18.5B
| – | – |
-7,394
| Closed | -$785K |
|
158
Hess Midstream
HESM
$5.21B
| – | – |
-13,347
| Closed | -$303K |
|
159
Helix Energy Solutions
HLX
$1.47B
| – | – |
-13,673
| Closed | -$132K |
|
160
Honeywell
HON
$77B
| – | – |
-5,321
| Closed | -$888K |
|
161
IDEX
IEX
$17.2B
| – | – |
-4,900
| Closed | -$843K |
|
162
International Paper
IP
$21.9B
| – | – |
-166,507
| Closed | -$7.26M |
|
163
LKQ Corp
LKQ
$6.22B
| – | – |
-10,087
| Closed | -$360K |
|
164
McDonald's
MCD
$194B
| – | – |
-3,924
| Closed | -$776K |
|
165
MidCap Financial Investment
MFIC
$797M
| – | – |
-79,141
| Closed | -$1.42M |
|
166
McCormick & Company Non-Voting
MKC
$14.3B
| – | – |
-10,370
| Closed | -$880K |
|
|
MRSH
167
Marsh
MRSH
$91B
| – | – |
-8,208
| Closed | -$914K |
|
168
Marathon Petroleum
MPC
$90B
| – | – |
-116,806
| Closed | -$7.04M |
|
169
Norwegian Cruise Line
NCLH
$8.52B
| – | – |
-15,354
| Closed | -$897K |
|
170
New Mountain Finance
NMFC
$726M
| – | – |
-98,790
| Closed | -$1.36M |
|
171
Nucor
NUE
$62.5B
| – | – |
-130,082
| Closed | -$7.32M |
|
172
Oneok
OKE
$56.9B
| – | – |
-107,335
| Closed | -$8.12M |
|
173
Occidental Petroleum
OXY
$58.6B
| – | – |
-16,599
| Closed | -$684K |
|
174
Penske Automotive Group
PAG
$14.2B
| – | – |
-154,268
| Closed | -$7.75M |
|
175
Prudential Financial
PRU
$42.1B
| – | – |
-78,398
| Closed | -$7.35M |
|
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Principal Street Partners's Q1 2020 Portfolio in Review
As of Q1 2020, Principal Street Partners held 229 positions worth $238M, down 47% from $449M the previous quarter. Its ten largest holdings account for 27% of the portfolio.
Principal Street Partners withdrew a net $162M in Q1 2020, closing 99 positions and reducing 49 holdings. Its most notable exit was Ares Capital, an estimated $9.16M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 11% a quarter earlier, followed by Healthcare and Consumer Staples.
Against the trend, Principal Street Partners opened a new position in Cisco worth $6.51M.
- Principal Street Partners's largest Q1 2020 buy was Cisco: 165,683 shares worth $6.51M.
- Principal Street Partners added most to Amgen in Q1 2020, an estimated $6.07M increase.
- Principal Street Partners's biggest Q1 2020 reduction was Interpublic Group of Companies, cutting an estimated $6.04M.
- Principal Street Partners fully exited Ares Capital in Q1 2020, selling an estimated $9.16M.
- Principal Street Partners's ten largest holdings make up 27% of its $238M portfolio in Q1 2020.
- Principal Street Partners opened 35 new positions and closed 99 in Q1 2020.
- Principal Street Partners's portfolio value fell 47% quarter-over-quarter to $238M.
Based on Principal Street Partners's 13F filing for Q1 2020, filed 14 May 2020.