# Beach Investment Management, LLC.

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1390965. Source: https://holderbook.com/funds/1390965-beach-investment-management-llc/

- Reported value: $28.8M
- Positions: 30
- Weight of the ten largest: 63.2%
- Filed: 2020-05-05

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 |
|---|---|---|---|---|---|
| XPLR INFRASTRUCTURE LP | [XIFR](https://holderbook.com/stocks/XIFR/) | $4.6M | 106,879 | 16.0% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.3M | 14,506 | 8.1% | 6 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $2.3M | 158,640 | 7.9% | 6 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $1.8M | 48,272 | 6.1% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 9,022 | 4.9% | 6 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $1.3M | 291,690 | 4.7% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.3M | 679 | 4.6% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.1M | 8,539 | 3.9% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.1M | 13,831 | 3.8% | 6 |
| TEEKAY LNG PARTNERS L P | [TGP](https://holderbook.com/stocks/TGP/) | $915.0K | 93,450 | 3.2% | 6 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $891.0K | 8,650 | 3.1% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $887.0K | 5,319 | 3.1% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $866.0K | 745 | 3.0% | 6 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $676.0K | 42,380 | 2.3% | 4 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $649.0K | 7,192 | 2.3% | 6 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $624.0K | 10,348 | 2.2% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $608.0K | 2,437 | 2.1% | 1 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $604.0K | 22,171 | 2.1% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $594.0K | 6,603 | 2.1% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $555.0K | 12,535 | 1.9% | 6 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $500.0K | 2,175 | 1.7% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $456.0K | 2,493 | 1.6% | 3 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $453.0K | 1,039 | 1.6% | 2 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $435.0K | 5,190 | 1.5% | 2 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $419.0K | 2,519 | 1.5% | 1 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $394.0K | 18,572 | 1.4% | 6 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $347.0K | 12,440 | 1.2% | 1 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $243.0K | 7,961 | 0.8% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $203.0K | 4,808 | 0.7% | 4 |
| D R HORTON INC | [DHI](https://holderbook.com/stocks/DHI/) | $202.0K | 5,940 | 0.7% | 5 |

## 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 |
|---|---|---|---|---|
| Q1 2020 | -27.1% | -19.9% | -7.2% | 95% |
| Q4 2019 | +3.5% | +8.5% | -4.9% | 100% |
| Q3 2019 | +2.5% | +1.3% | +1.2% | 100% |
| Q2 2019 | +3.6% | +3.7% | -0.2% | 100% |
| Q1 2019 | +10.7% | +13.0% | -2.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $28.8M | 30 |
| Q4 2019 | $51.2M | 37 |
| Q3 2019 | $44.6M | 36 |
| Q2 2019 | $61.2M | 38 |
| Q1 2019 | $55.6M | 37 |
| Q4 2018 | $44.9M | 31 |