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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 | |
|---|---|---|---|---|---|---|
|
1
Ryman Hospitality Properties
RHP
$8.4B
| $10.7M | 5.91% |
+130,611
| New | +$10.7M |
|
|
2
iShares S&P 500 Growth ETF
IVW
$72.5B
| $10.3M | 5.67% |
+229,396
| New | +$10.1M |
|
|
3
Mid-America Apartment Communities
MAA
$15.6B
| $8.58M | 4.73% |
+72,838
| New | +$8.2M |
|
|
4
Ares Capital
ARCC
$13.5B
| $8.2M | 4.52% |
+457,093
| New | +$8.09M |
|
5
Amazon
AMZN
$2.5T
| $4.72M | 2.61% |
49,900
+41,120
| +468% | +$3.83M |
|
|
6
Apple
AAPL
$4.89T
| $4.22M | 2.33% |
+85,352
| New | +$4.16M |
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $3.44M | 1.9% |
+11,675
| New | +$3.36M |
|
8
Meta Platforms (Facebook)
META
$1.51T
| $2.74M | 1.51% |
14,187
+10,531
| +288% | +$1.92M |
|
9
Alphabet (Google) Class A
GOOGL
$3.91T
| $2.72M | 1.5% |
50,300
+39,140
| +351% | +$2.27M |
|
|
LM
10
DELISTED
Legg Mason, Inc.
LM
| $2.47M | 1.36% |
64,612
-118,831
| -65% | -$4.11M |
|
11
PepsiCo
PEP
$186B
| $2.22M | 1.22% |
+16,904
| New | +$2.17M |
|
12
Cummins
CMI
$91.7B
| $2.19M | 1.21% |
12,811
-22,337
| -64% | -$3.66M |
|
13
Best Buy
BBY
$18B
| $2.14M | 1.18% |
30,433
-45,305
| -60% | -$3.16M |
|
14
KLA
KLAC
$275B
| $2.13M | 1.18% |
180,650
-333,250
| -65% | -$3.85M |
|
15
AT&T
T
$165B
| $2.13M | 1.18% |
84,218
-133,931
| -61% | -$3.21M |
|
16
Texas Instruments
TXN
$255B
| $2.12M | 1.17% |
18,465
-31,375
| -63% | -$3.51M |
|
17
Edison International
EIX
$30.7B
| $2.08M | 1.15% |
30,856
-52,926
| -63% | -$3.29M |
|
18
Prudential Financial
PRU
$41.7B
| $2.08M | 1.14% |
20,551
-35,998
| -64% | -$3.59M |
|
19
Western Digital
WDC
$179B
| $2.04M | 1.12% |
56,225
-100,827
| -64% | -$3.46M |
|
20
Broadcom
AVGO
$1.82T
| $2.02M | 1.11% |
69,490
-132,590
| -66% | -$3.86M |
|
21
Valero Energy
VLO
$89.8B
| $2M | 1.1% |
23,388
-39,394
| -63% | -$3.25M |
|
22
Fastenal
FAST
$54B
| $1.99M | 1.1% |
122,108
-243,292
| -67% | -$4.01M |
|
23
CenterPoint Energy
CNP
$29.1B
| $1.97M | 1.09% |
68,793
-117,355
| -63% | -$3.5M |
|
24
Ryder
R
$10.3B
| $1.96M | 1.08% |
33,531
-60,021
| -64% | -$3.57M |
|
|
PACW
25
DELISTED
PacWest Bancorp
PACW
| $1.94M | 1.07% |
49,890
-89,280
| -64% | -$3.45M |
|
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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.