# LUCAS CAPITAL MANAGEMENT

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1280577. Source: https://holderbook.com/funds/1280577-lucas-capital-management/

- Reported value: $85.7M
- Positions: 46
- Weight of the ten largest: 56.4%
- Filed: 2021-01-27

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 |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $10.8M | 81,770 | 12.7% | 9 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $6.0M | 16,898 | 7.0% | 9 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.6M | 17,976 | 6.6% | 9 |
| ISHARES TR | [IHI](https://holderbook.com/stocks/IHI/) | $5.2M | 15,793 | 6.0% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $4.9M | 31,308 | 5.8% | 9 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $4.2M | 27,446 | 4.9% | 9 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $3.4M | 72,193 | 4.0% | 9 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $3.3M | 37,787 | 3.9% | 9 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $2.4M | 82,974 | 2.9% | 9 |
| BROOKFIELD INFRASTRUCTURE PA | [BIP](https://holderbook.com/stocks/BIP/) | $2.4M | 48,954 | 2.8% | 9 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.3M | 16,402 | 2.7% | 9 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $2.2M | 11,215 | 2.5% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.2M | 16,973 | 2.5% | 4 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $2.1M | 13,057 | 2.4% | 9 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.1M | 18,203 | 2.4% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.9M | 10,763 | 2.2% | 9 |
| UNILEVER PLC | [ULXXXX](https://holderbook.com/stocks/ULXXXX/) | $1.8M | 29,063 | 2.0% | 9 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.7M | 26,975 | 2.0% | 9 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $1.7M | 24,628 | 1.9% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.6M | 12,298 | 1.9% | 8 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $1.6M | 37,029 | 1.8% | 9 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $1.6M | 12,970 | 1.8% | 2 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $1.5M | 26,172 | 1.7% | 7 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 47,217 | 1.6% | 9 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.3M | 22,061 | 1.5% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.1M | 13,202 | 1.3% | 3 |
| LAKELAND BANCORP INC | [LBAI](https://holderbook.com/stocks/LBAI/) | $918.0K | 72,265 | 1.1% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $848.0K | 10,368 | 1.0% | 1 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $844.0K | 13,460 | 1.0% | 9 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $823.0K | 22,371 | 1.0% | 1 |
| SABINE RTY TR | [SBR](https://holderbook.com/stocks/SBR/) | $810.0K | 28,708 | 0.9% | 9 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $705.0K | 36,002 | 0.8% | 9 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $619.0K | 20,420 | 0.7% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $455.0K | 11,046 | 0.5% | 9 |
| HOVNANIAN ENTERPRISES INC | [HOV](https://holderbook.com/stocks/HOV/) | $403.0K | 12,267 | 0.5% | 3 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $375.0K | 17,329 | 0.4% | 9 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $353.0K | 25,517 | 0.4% | 8 |
| SPROTT INC | [SII](https://holderbook.com/stocks/SII/) | $322.0K | 11,100 | 0.4% | 1 |
| HESS MIDSTREAM LP | [HESM](https://holderbook.com/stocks/HESM/) | $296.0K | 15,145 | 0.3% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $295.0K | 12,000 | 0.3% | 2 |
| DORCHESTER MINERALS LP | [DMLP](https://holderbook.com/stocks/DMLP/) | $286.0K | 26,254 | 0.3% | 9 |
| INVESCO TR INVT GRADE NEW YO | [VTN](https://holderbook.com/stocks/VTN/) | $282.0K | 21,627 | 0.3% | 9 |
| CLEARPOINT NEURO INC | [CLPT](https://holderbook.com/stocks/CLPT/) | $266.0K | 16,730 | 0.3% | 1 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $263.0K | 11,400 | 0.3% | 1 |
| PIMCO CORPORATE & INCOME OPP | [PTY](https://holderbook.com/stocks/PTY/) | $220.0K | 12,300 | 0.3% | 1 |
| SHELL MIDSTREAM PARTNERS L P | [SHLX](https://holderbook.com/stocks/SHLX/) | $215.0K | 21,298 | 0.3% | 1 |

## 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 |
|---|---|---|---|---|
| Q4 2020 | +11.8% | +11.6% | +0.2% | 100% |
| Q3 2020 | +7.8% | +8.6% | -0.8% | 96% |
| Q2 2020 | +20.3% | +19.6% | +0.6% | 94% |
| Q1 2020 | -23.4% | -19.9% | -3.5% | 100% |
| Q4 2019 | +8.0% | +8.5% | -0.4% | 100% |
| Q3 2019 | +0.2% | +1.3% | -1.1% | 97% |
| Q2 2019 | +0.9% | +3.7% | -2.9% | 100% |
| Q1 2019 | +18.3% | +13.0% | +5.3% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $85.7M | 46 |
| Q3 2020 | $74.7M | 39 |
| Q2 2020 | $73.0M | 43 |
| Q1 2020 | $66.2M | 42 |
| Q4 2019 | $84.4M | 45 |
| Q3 2019 | $78.5M | 46 |
| Q2 2019 | $84.4M | 52 |
| Q1 2019 | $84.7M | 53 |
| Q4 2018 | $76.0M | 53 |