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VAIA
Virtus Alternative Investment Advisers Portfolio holdings
AUM
$6.71M
1-Year Est. Return
36.98%
This Fund
S&P 500
This Quarter
Est. Return
-18.14%
1 Year Est. Return
+36.98%
3 Year Est. Return
+42.83%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$196M
AUM Growth
-$79.9M
(-29%)
Cap. Flow
-$32.2M
Cap. Flow
% of AUM
-16.43%
Top 10 Holdings %
Top 10 Hldgs %
54.96%
Holding
139
New
4
Increased
21
Reduced
26
Closed
44
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energy Transfer Partners
ET
|
+$23.2M |
| 2 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$4.45M |
| 3 |
Enbridge
ENB
|
+$3.77M |
| 4 |
Antero Midstream
AM
|
+$2.1M |
| 5 |
Hycroft Mining Holding Corp
HYMC
|
+$864K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ETP
Energy Transfer Partners, L.P.
ETP
|
+$28.6M |
| 2 |
GLOP
GASLOG PARTNERS LP
GLOP
|
+$8.2M |
| 3 |
Williams Companies
WMB
|
+$4.38M |
| 4 |
EEP
Enbridge Energy Partners
EEP
|
+$4.07M |
| 5 |
ENLK
EnLink Midstream Partners, LP
ENLK
|
+$1.92M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 85.17% |
| 2 | Industrials | 3.04% |
| 3 | Real Estate | 0.66% |
| 4 | Materials | 0.44% |
| 5 | Technology | 0.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Energy Transfer Partners
ET
$69.5B
| $20.4M | 10.42% |
1,543,092
+1,530,192
| +11,862% | +$23.2M |
|
2
MPLX
MPLX
$60.1B
| $14.3M | 7.33% |
473,499
-55,000
| -10% | -$1.84M |
|
3
Enterprise Products Partners
EPD
$83.6B
| $11.5M | 5.88% |
468,000
-20,000
| -4% | -$535K |
|
4
Targa Resources
TRGP
$56.2B
| $10.3M | 5.27% |
286,375
-25,000
| -8% | -$1.21M |
|
|
5
Williams Companies
WMB
$85.8B
| $9.94M | 5.08% |
450,617
-175,000
| -28% | -$4.38M |
|
6
Cheniere Energy
CQP
$31B
| $9.39M | 4.8% |
260,000
-10,000
| -4% | -$364K |
|
|
TGE
7
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $9.25M | 4.73% |
380,000
-50,000
| -12% | -$1.13M |
|
8
Sunoco
SUN
$14.4B
| $7.56M | 3.86% |
278,000
-20,000
| -7% | -$558K |
|
|
WES
9
DELISTED
Western Gas Partners Lp
WES
| $7.56M | 3.86% |
179,000
-10,000
| -5% | -$445K |
|
|
ENLK
10
DELISTED
EnLink Midstream Partners, LP
ENLK
| $7.28M | 3.72% |
661,399
-130,000
| -16% | -$1.92M |
|
|
ENBL
11
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $7.04M | 3.6% |
520,000
-25,000
| -5% | -$369K |
|
12
Plains All American Pipeline
PAA
$17.2B
| $6.51M | 3.33% |
325,000
-20,000
| -6% | -$456K |
|
|
DCP
13
DELISTED
DCP Midstream, LP
DCP
| $6.38M | 3.26% |
241,000
-45,000
| -16% | -$1.62M |
|
14
Genesis Energy
GEL
$1.81B
| $5.26M | 2.69% |
285,000
| – | – |
|
|
ANDX
15
DELISTED
Andeavor Logistics LP
ANDX
| $4.58M | 2.34% |
140,922
-35,000
| -20% | -$1.39M |
|
|
NS
16
DELISTED
NuStar Energy L.P.
NS
| $4.39M | 2.25% |
210,000
+20,000
| +11% | +$489K |
|
|
MMP
17
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $4.11M | 2.1% |
+72,000
| New | +$4.45M |
|
|
CNXM
18
DELISTED
CNX Midstream Partners LP
CNXM
| $3.99M | 2.04% |
245,000
| – | – |
|
19
NGL Energy Partners
NGL
$1.87B
| $3.98M | 2.03% |
415,000
| – | – |
|
20
KNOT Offshore Partners
KNOP
$352M
| $3.78M | 1.93% |
211,000
| – | – |
|
21
Hess Midstream
HESM
$5.13B
| $3.67M | 1.88% |
216,361
| – | – |
|
|
22
Enbridge
ENB
$121B
| $3.65M | 1.86% |
+117,325
| New | +$3.77M |
|
|
CEQP
23
DELISTED
Crestwood Equity Partners LP
CEQP
| $3.54M | 1.81% |
126,783
-45,000
| -26% | -$1.47M |
|
|
EQM
24
DELISTED
EQM Midstream Partners, LP
EQM
| $3.45M | 1.76% |
79,706
+15,000
| +23% | +$715K |
|
25
USA Compression Partners
USAC
$3.75B
| $2.86M | 1.46% |
220,000
| – | – |
|
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Virtus Alternative Investment Advisers's Q4 2018 Portfolio in Review
As of Q4 2018, Virtus Alternative Investment Advisers held 139 positions worth $196M, down 29% from $276M the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Virtus Alternative Investment Advisers withdrew a net $32.2M in Q4 2018, closing 44 positions and reducing 26 holdings. Its most notable exit was Energy Transfer Partners, L.P., an estimated $28.6M position sold in full.
By sector, the portfolio is most concentrated in Energy at 85% of assets, up from 73% a quarter earlier, followed by Industrials and Real Estate.
Against the trend, Virtus Alternative Investment Advisers opened a new position in Magellan Midstream Partners, L.P. worth $4.11M.
- Virtus Alternative Investment Advisers's largest Q4 2018 buy was Magellan Midstream Partners, L.P.: 72,000 shares worth $4.11M.
- Virtus Alternative Investment Advisers added most to Energy Transfer Partners in Q4 2018, an estimated $23.2M increase.
- Virtus Alternative Investment Advisers's biggest Q4 2018 reduction was Williams Companies, cutting an estimated $4.38M.
- Virtus Alternative Investment Advisers fully exited Energy Transfer Partners, L.P. in Q4 2018, selling an estimated $28.6M.
- Virtus Alternative Investment Advisers's ten largest holdings make up 55% of its $196M portfolio in Q4 2018.
- Virtus Alternative Investment Advisers opened 4 new positions and closed 44 in Q4 2018.
- Virtus Alternative Investment Advisers's portfolio value fell 29% quarter-over-quarter to $196M.
Based on Virtus Alternative Investment Advisers's 13F filing for Q4 2018, filed 8 Feb 2019.