# BP CAPITAL FUND ADVISORS, LLC

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1654710. Source: https://holderbook.com/funds/1654710-bp-capital-fund-advisors-llc/

- Reported value: $100.3M
- Positions: 37
- Weight of the ten largest: 64.0%
- Filed: 2020-02-06

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 |
|---|---|---|---|---|---|
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $10.9M | 854,764 | 10.9% | 5 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $10.0M | 362,594 | 10.0% | 5 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $7.4M | 320,068 | 7.4% | 5 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $7.0M | 278,154 | 7.0% | 5 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $5.6M | 74,054 | 5.6% | 5 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $5.1M | 284,886 | 5.1% | 5 |
| PHILLIPS 66 PARTNERS LP | [PSXP](https://holderbook.com/stocks/PSXP/) | $4.9M | 79,256 | 4.9% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $4.7M | 220,953 | 4.7% | 5 |
| MAGELLAN MIDSTREAM PRTNRS LP | [MMP](https://holderbook.com/stocks/MMP/) | $4.6M | 73,932 | 4.6% | 5 |
| SHELL MIDSTREAM PARTNERS L P | [SHLX](https://holderbook.com/stocks/SHLX/) | $4.0M | 195,842 | 3.9% | 5 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $3.1M | 75,764 | 3.1% | 5 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $2.5M | 18,500 | 2.5% | 5 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.4M | 39,725 | 2.4% | 3 |
| CNX MIDSTREAM PARTNERS LP | [CNXM](https://holderbook.com/stocks/CNXM/) | $2.3M | 140,495 | 2.3% | 5 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $2.0M | 26,900 | 2.0% | 2 |
| WPX ENERGY INC | [WPX](https://holderbook.com/stocks/WPX/) | $1.9M | 159,750 | 1.9% | 5 |
| CONCHO RES INC | [CXO](https://holderbook.com/stocks/CXO/) | $1.9M | 24,500 | 1.8% | 5 |
| PDC ENERGY INC | [PDCE](https://holderbook.com/stocks/PDCE/) | $1.8M | 85,000 | 1.8% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.6M | 29,500 | 1.6% | 5 |
| MARATHON OIL CORP | [MRO](https://holderbook.com/stocks/MRO/) | $1.5M | 136,000 | 1.5% | 5 |
| HUNTSMAN CORP | [HUN](https://holderbook.com/stocks/HUN/) | $1.5M | 73,367 | 1.5% | 5 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $1.3M | 17,050 | 1.3% | 5 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.3M | 37,500 | 1.3% | 1 |
| CHENIERE ENERGY PARTNERS LP | [CQP](https://holderbook.com/stocks/CQP/) | $1.1M | 28,831 | 1.1% | 5 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $1.1M | 50,000 | 1.1% | 1 |
| NOBLE ENERGY INC | [NBL](https://holderbook.com/stocks/NBL/) | $1.1M | 54,275 | 1.1% | 2 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $1.0M | 12,200 | 1.0% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $996.0K | 9,300 | 1.0% | 2 |
| CONTINENTAL RES INC | [CLR](https://holderbook.com/stocks/CLR/) | $974.0K | 35,800 | 1.0% | 5 |
| NOBLE MIDSTREAM PARTNERS LP | [NBLX](https://holderbook.com/stocks/NBLX/) | $969.0K | 36,500 | 1.0% | 2 |
| UBS AG LONDON BRANCH | [PYPE](https://holderbook.com/stocks/PYPE/) | $894.0K | 42,800 | 0.9% | 1 |
| PARSLEY ENERGY INC | [PE](https://holderbook.com/stocks/PE/) | $748.0K | 45,000 | 0.7% | 5 |
| DELEK US HLDGS INC NEW | [DK](https://holderbook.com/stocks/DK/) | $576.0K | 21,000 | 0.6% | 5 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $516.0K | 13,000 | 0.5% | 5 |
| WESTERN MIDSTREAM PARTNERS L | [WES](https://holderbook.com/stocks/WES/) | $383.0K | 19,500 | 0.4% | 2 |
| ROYAL DUTCH SHELL PLC | [RDSA](https://holderbook.com/stocks/RDSA/) | $365.0K | 7,000 | 0.4% | 3 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $361.0K | 10,000 | 0.4% | 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 |
|---|---|---|---|---|
| Q4 2019 | +0.9% | +8.5% | -7.5% | 100% |
| Q3 2019 | -8.3% | +1.3% | -9.6% | 100% |
| Q2 2019 | -3.9% | +3.7% | -7.6% | 100% |
| Q1 2019 | +16.7% | +13.0% | +3.7% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $100.3M | 37 |
| Q3 2019 | $122.5M | 41 |
| Q2 2019 | $135.6M | 41 |
| Q1 2019 | $158.7M | 50 |
| Q4 2018 | $143.5M | 52 |