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SPO Advisory Portfolio holdings
AUM
$2.11B
1-Year Est. Return
14.87%
This Fund
S&P 500
This Quarter
Est. Return
+4.1%
1 Year Est. Return
-14.87%
3 Year Est. Return
+28.41%
5 Year Est. Return
+38.25%
10 Year Est. Return
–
AUM
$4.82B
AUM Growth
-$200M
(-4%)
Cap. Flow
-$378M
Cap. Flow
% of AUM
-7.84%
Top 10 Holdings %
Top 10 Hldgs %
94.06%
Holding
16
New
1
Increased
3
Reduced
5
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OPTU
Optimum Communications Inc
OPTU
|
+$93.6M |
| 2 |
VTLE
Vital Energy
VTLE
|
+$45.8M |
| 3 |
Zillow
ZG
|
+$1.92M |
| 4 |
Zillow
Z
|
+$506K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SCHW
Charles Schwab
SCHW
|
+$186M |
| 2 |
Chord Energy
CHRD
|
+$93.5M |
| 3 |
Liberty Global Class C
LBTYK
|
+$89.1M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$67.9M |
| 5 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$31.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 49.54% |
| 2 | Financials | 19.2% |
| 3 | Energy | 16.12% |
| 4 | Real Estate | 5.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Liberty Global Class C
LBTYK
$3.41B
| $926M | 19.2% |
27,357,907
-2,900,300
| -10% | -$89.1M |
|
|
PXD
2
DELISTED
Pioneer Natural Resource Co.
PXD
| $552M | 11.45% |
3,195,446
-441,000
| -12% | -$67.9M |
|
|
SCHW
3
Charles Schwab
SCHW
$177B
| $528M | 10.95% |
10,278,324
-3,952,900
| -28% | -$186M |
|
4
Charter Communications
CHTR
$16.2B
| $518M | 10.74% |
1,541,680
-62,100
| -4% | -$21.1M |
|
|
ZAYO
5
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $461M | 9.56% |
12,529,441
-897,100
| -7% | -$31.7M |
|
6
LPL Financial
LPLA
$26B
| $398M | 8.25% |
6,961,426
| – | – |
|
7
Liberty Media Series C
FWONK
$25.6B
| $339M | 7.03% |
10,256,423
| – | – |
|
8
Alphabet (Google) Class C
GOOG
$4.22T
| $320M | 6.63% |
6,110,000
| – | – |
|
9
Equinix
EQIX
$101B
| $269M | 5.58% |
593,773
| – | – |
|
|
VTLE
10
DELISTED
Vital Energy
VTLE
| $225M | 4.67% |
1,060,455
+208,965
| +25% | +$45.8M |
|
|
11
Zillow
Z
$7.76B
| $138M | 2.86% |
3,373,800
+12,300
| +0.4% | +$506K |
|
|
OPTU
12
Optimum Communications Inc
OPTU
$337M
| $89.7M | 1.86% |
+4,224,900
| New | +$93.6M |
|
13
Liberty Global Class A
LBTYA
$3.52B
| $37M | 0.77% |
1,033,059
| – | – |
|
|
14
Zillow
ZG
$7.71B
| $21.6M | 0.45% |
529,600
+46,800
| +10% | +$1.92M |
|
|
15
Chord Energy
CHRD
$7.21B
| – | – |
-10,246,726
| Closed | -$93.5M |
|
16
Liberty Latin America Class C
LILAK
$1.48B
| – | – |
-1,539,377
| Closed | -$30.7M |
|
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SPO Advisory's Q4 2017 Portfolio in Review
As of Q4 2017, SPO Advisory held 16 positions worth $4.82B, down 4% from $5.02B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
SPO Advisory withdrew a net $378M in Q4 2017, closing 2 positions and reducing 5 holdings. Its most notable exit was Chord Energy, an estimated $93.5M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 50% of assets, up from 49% a quarter earlier, followed by Financials and Energy.
Against the trend, SPO Advisory opened a new position in Optimum Communications Inc worth $89.7M.
- SPO Advisory's largest Q4 2017 buy was Optimum Communications Inc: 4,224,900 shares worth $89.7M.
- SPO Advisory added most to Vital Energy in Q4 2017, an estimated $45.8M increase.
- SPO Advisory's biggest Q4 2017 reduction was Charles Schwab, cutting an estimated $186M.
- SPO Advisory fully exited Chord Energy in Q4 2017, selling an estimated $93.5M.
- SPO Advisory's ten largest holdings make up 94% of its $4.82B portfolio in Q4 2017.
- SPO Advisory opened 1 new position and closed 2 in Q4 2017.
- SPO Advisory's portfolio value fell 4% quarter-over-quarter to $4.82B.
Based on SPO Advisory's 13F filing for Q4 2017, filed 14 Feb 2018.