# Cadence Capital Management LLC

> Institutional holdings reported to the SEC as of Q3 2020 on Form 13F. CIK 1175399. Source: https://holderbook.com/funds/1175399-cadence-capital-management-llc/

- Reported value: $414.7M
- Positions: 277
- Weight of the ten largest: 38.5%
- Filed: 2020-10-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $34.8M | 2,203,410 | 8.4% | 8 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $21.2M | 618,778 | 5.1% | 8 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $17.6M | 1,115,893 | 4.2% | 8 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $16.8M | 853,507 | 4.0% | 8 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $16.3M | 1,319,565 | 3.9% | 8 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $14.0M | 2,592,077 | 3.4% | 8 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $10.3M | 352,112 | 2.5% | 8 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $10.2M | 391,265 | 2.5% | 8 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $9.6M | 1,602,385 | 2.3% | 8 |
| PHILLIPS 66 PARTNERS LP | [PSXP](https://holderbook.com/stocks/PSXP/) | $8.8M | 383,603 | 2.1% | 8 |
| DCP MIDSTREAM LP | [DCP](https://holderbook.com/stocks/DCP/) | $5.9M | 525,869 | 1.4% | 8 |
| TC PIPELINES LP | [TCP](https://holderbook.com/stocks/TCP/) | $5.8M | 227,670 | 1.4% | 8 |
| CRESTWOOD EQUITY PARTNERS LP | [CEQP](https://holderbook.com/stocks/CEQP/) | $5.3M | 427,244 | 1.3% | 8 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $3.7M | 22,066 | 0.9% | 8 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $3.6M | 30,820 | 0.9% | 8 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $3.3M | 23,690 | 0.8% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $3.2M | 8,798 | 0.8% | 8 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.2M | 12,403 | 0.8% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.1M | 13,993 | 0.7% | 8 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.0M | 15,471 | 0.7% | 8 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.0M | 10,934 | 0.7% | 8 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $3.0M | 21,260 | 0.7% | 8 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $3.0M | 65,488 | 0.7% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.9M | 21,229 | 0.7% | 8 |
| BUNGE LIMITED | [BGXXXX](https://holderbook.com/stocks/BGXXXX/) | $2.9M | 64,239 | 0.7% | 8 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.9M | 33,981 | 0.7% | 2 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $2.9M | 27,747 | 0.7% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.9M | 48,187 | 0.7% | 8 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $2.8M | 17,283 | 0.7% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.8M | 19,078 | 0.7% | 8 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.8M | 76,934 | 0.7% | 8 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $2.8M | 33,734 | 0.7% | 8 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.8M | 56,560 | 0.7% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.8M | 18,816 | 0.7% | 8 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $2.7M | 45,480 | 0.7% | 8 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $2.7M | 36,109 | 0.7% | 8 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $2.7M | 16,664 | 0.6% | 8 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.6M | 29,438 | 0.6% | 8 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $2.5M | 65,590 | 0.6% | 8 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.5M | 20,705 | 0.6% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.4M | 6,340 | 0.6% | 8 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $2.4M | 84,647 | 0.6% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.4M | 24,740 | 0.6% | 8 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.4M | 98,639 | 0.6% | 8 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $2.4M | 41,257 | 0.6% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.4M | 15,765 | 0.6% | 8 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.3M | 58,825 | 0.6% | 8 |
| INFOSYS LTD | [INFY](https://holderbook.com/stocks/INFY/) | $2.3M | 167,252 | 0.6% | 8 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.3M | 44,166 | 0.6% | 8 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $2.3M | 14,407 | 0.5% | 8 |
| BP MIDSTREAM PARTNERS LP | [BPMP](https://holderbook.com/stocks/BPMP/) | $2.2M | 224,769 | 0.5% | 8 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $2.2M | 56,100 | 0.5% | 4 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $2.1M | 35,855 | 0.5% | 8 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.0M | 32,024 | 0.5% | 8 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.0M | 27,280 | 0.5% | 8 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $2.0M | 10,099 | 0.5% | 8 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $1.9M | 6,511 | 0.5% | 8 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.9M | 44,750 | 0.5% | 8 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $1.9M | 24,363 | 0.5% | 8 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $1.9M | 13,317 | 0.4% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.8M | 76,384 | 0.4% | 8 |
| RATTLER MIDSTREAM LP | [RTLR](https://holderbook.com/stocks/RTLR/) | $1.8M | 301,292 | 0.4% | 2 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $1.8M | 3,169 | 0.4% | 8 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 51,434 | 0.4% | 8 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.6M | 7,407 | 0.4% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.6M | 5,695 | 0.4% | 2 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.6M | 10,526 | 0.4% | 8 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.4M | 7,135 | 0.3% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.3M | 12,380 | 0.3% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.3M | 21,874 | 0.3% | 2 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.2M | 24,934 | 0.3% | 8 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $1.2M | 62,935 | 0.3% | 8 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $1.2M | 10,345 | 0.3% | 2 |
| WALGREENS BOOTS ALLIANCE INC | [WBA](https://holderbook.com/stocks/WBA/) | $1.1M | 31,343 | 0.3% | 8 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.1M | 17,045 | 0.3% | 8 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.1M | 31,005 | 0.3% | 8 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $1.1M | 29,128 | 0.3% | 4 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.1M | 37,687 | 0.3% | 8 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $1.1M | 9,396 | 0.3% | 2 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.1M | 20,857 | 0.3% | 8 |
| GENERAL MILLS INC | [GIS](https://holderbook.com/stocks/GIS/) | $1.1M | 17,394 | 0.3% | 8 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.0M | 9,513 | 0.3% | 8 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.0M | 31,338 | 0.2% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.0M | 8,775 | 0.2% | 3 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.0M | 4,815 | 0.2% | 8 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $1.0M | 7,326 | 0.2% | 8 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $980.0K | 12,422 | 0.2% | 8 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $938.0K | 10,597 | 0.2% | 8 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $913.0K | 19,404 | 0.2% | 6 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $911.0K | 16,423 | 0.2% | 6 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $909.0K | 25,016 | 0.2% | 8 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $907.0K | 22,199 | 0.2% | 8 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $841.0K | 6,940 | 0.2% | 2 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $823.0K | 24,265 | 0.2% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $818.0K | 15,079 | 0.2% | 8 |
| KELLOGG CO | [K](https://holderbook.com/stocks/K/) | $788.0K | 12,198 | 0.2% | 8 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $786.0K | 12,627 | 0.2% | 8 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $762.0K | 16,396 | 0.2% | 8 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $761.0K | 16,877 | 0.2% | 8 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $744.0K | 8,151 | 0.2% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2020 | -1.1% | +8.6% | -9.7% | 100% |
| Q2 2020 | +26.0% | +19.6% | +6.3% | 99% |
| Q1 2020 | -39.4% | -19.9% | -19.5% | 100% |
| Q4 2019 | +3.6% | +8.5% | -4.8% | 127% |
| Q3 2019 | -3.0% | +1.3% | -4.3% | 98% |
| Q2 2019 | -0.2% | +3.7% | -4.0% | 100% |
| Q1 2019 | +12.1% | +13.0% | -0.9% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2020 | $414.7M | 277 |
| Q2 2020 | $689.2M | 391 |
| Q1 2020 | $590.3M | 422 |
| Q4 2019 | $927.7M | 420 |
| Q3 2019 | $704.7M | 415 |
| Q2 2019 | $999.5M | 410 |
| Q1 2019 | $1.1B | 447 |
| Q4 2018 | $991.2M | 440 |