# MHI Funds, LLC

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1727710. Source: https://holderbook.com/funds/1727710-mhi-funds-llc/

- Reported value: $34.7M
- Positions: 35
- Weight of the ten largest: 40.9%
- 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 |
|---|---|---|---|---|---|
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $2.1M | 28,175 | 6.1% | 4 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $1.6M | 29,571 | 4.6% | 6 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $1.5M | 10,391 | 4.3% | 6 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.4M | 18,249 | 4.0% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.4M | 28,382 | 3.9% | 6 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $1.3M | 96,518 | 3.8% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.3M | 5,325 | 3.6% | 6 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $1.2M | 25,952 | 3.6% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $1.2M | 12,356 | 3.6% | 6 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $1.2M | 29,415 | 3.5% | 6 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $1.2M | 8,840 | 3.4% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.1M | 29,105 | 3.3% | 6 |
| BRIXMOR PPTY GROUP INC | [BRX](https://holderbook.com/stocks/BRX/) | $1.1M | 116,141 | 3.2% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $1.1M | 25,487 | 3.1% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.0M | 13,751 | 3.0% | 3 |
| KIMCO REALTY CORP | [KIM](https://holderbook.com/stocks/KIM/) | $1.0M | 105,717 | 2.9% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $973.0K | 10,805 | 2.8% | 4 |
| EASTMAN CHEM CO | [EMN](https://holderbook.com/stocks/EMN/) | $971.0K | 20,840 | 2.8% | 1 |
| OLD REP INTL CORP | [ORI](https://holderbook.com/stocks/ORI/) | $930.0K | 61,002 | 2.7% | 6 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $916.0K | 28,692 | 2.6% | 5 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $862.0K | 45,803 | 2.5% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $855.0K | 26,210 | 2.5% | 6 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $797.0K | 76,821 | 2.3% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $793.0K | 8,530 | 2.3% | 6 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $756.0K | 26,003 | 2.2% | 6 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $755.0K | 91,917 | 2.2% | 6 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $739.0K | 9,512 | 2.1% | 6 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $736.0K | 14,837 | 2.1% | 6 |
| COCA-COLA EUROPACIFIC PARTNE | [CCEP](https://holderbook.com/stocks/CCEP/) | $615.0K | 16,388 | 1.8% | 6 |
| WHIRLPOOL CORP | [WHR](https://holderbook.com/stocks/WHR/) | $594.0K | 6,927 | 1.7% | 5 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $578.0K | 13,596 | 1.7% | 1 |
| FIDELITY NATL FINL INC | [FNF](https://holderbook.com/stocks/FNF/) | $566.0K | 22,747 | 1.6% | 6 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $523.0K | 36,550 | 1.5% | 6 |
| REGIONS FINANCIAL CORP NEW | [RF](https://holderbook.com/stocks/RF/) | $499.0K | 55,626 | 1.4% | 6 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $456.0K | 8,892 | 1.3% | 6 |

## 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 | -31.8% | -19.9% | -11.9% | 100% |
| Q4 2019 | +5.7% | +8.5% | -2.7% | 100% |
| Q3 2019 | +1.8% | +1.3% | +0.5% | 100% |
| Q2 2019 | +1.6% | +3.7% | -2.2% | 100% |
| Q1 2019 | +9.6% | +13.0% | -3.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $34.7M | 35 |
| Q4 2019 | $78.5M | 35 |
| Q3 2019 | $86.0M | 61 |
| Q2 2019 | $85.4M | 62 |
| Q1 2019 | $86.3M | 88 |
| Q4 2018 | $94.5M | 94 |