Harvest Fund Advisors 13F annual report
Harvest Fund Advisors is an investment fund managing more than $4.55 billion ran by Anthony Merhige. There are currently 34 companies in Mr. Merhige’s portfolio. The largest investments include Enterprise Prods Partners L and TC, together worth $1.45 billion.
$4.55 billion Assets Under Management (AUM)
As of 7th October 2020, Harvest Fund Advisors’s top holding is 56,197,039 shares of Enterprise Prods Partners L currently worth over $804 million and making up 17.6% of the portfolio value.
In addition, the fund holds 14,635,953 shares of TC worth $648 million, whose value fell 9.1% in the past six months.
The third-largest holding is Enbridge worth $548 million and the next is Energy Transfer Lp worth $471 million, with 102,422,972 shares owned.
Currently, Harvest Fund Advisors's portfolio is worth at least $4.55 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Harvest Fund Advisors
The Harvest Fund Advisors office and employees reside in Wayne, Pennsylvania. According to the last 13-F report filed with the SEC, Anthony Merhige serves as the Senior Managing Director at Harvest Fund Advisors.
Recent trades
In the most recent 13F filing, Harvest Fund Advisors revealed that it had opened a new position in
Tallgrass Energy Lp and bought 8,319,070 shares worth $137 million.
The investment fund also strengthened its position in Enterprise Prods Partners L by buying
4,238,995 additional shares.
This makes their stake in Enterprise Prods Partners L total 56,197,039 shares worth $804 million.
On the other hand, there are companies that Harvest Fund Advisors is getting rid of from its portfolio.
Harvest Fund Advisors closed its position in Marathon Pete Corp on 15th May 2020.
It sold the previously owned 685,926 shares for $41.3 million.
Anthony Merhige also disclosed a decreased stake in Energy Transfer Lp by approximately 0.1%.
This leaves the value of the investment at $471 million and 102,422,972 shares.
One of the largest hedge funds
The two most similar investment funds to Harvest Fund Advisors are Cresset Asset Management and Suvretta Capital Management. They manage $4.55 billion and $4.56 billion respectively.
Anthony Merhige investment strategy
Harvest Fund Advisors’s portfolio is diversified across 2 sectors.
Currently, their heaviest sector is Energy — making up 60.7% of
the total portfolio value.
The fund focuses on investments in the Canada as
8.8% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
26% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $9.73 billion.
The complete list of Harvest Fund Advisors trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Enterprise Prods Partners L |
8.16%
56,197,039
|
$803,618,000 | 17.64% |
| TC Energy Corp. |
9.87%
14,635,953
|
$648,373,000 | 14.24% |
| Enbridge, Inc. |
11.72%
18,852,686
|
$548,425,000 | 12.04% |
| Energy Transfer Lp |
5.61%
102,422,972
|
$471,146,000 | 10.34% |
| MPLX LP |
4.08%
28,782,184
|
$334,449,000 | 7.34% |
| Kinder Morgan, Inc. |
11.24%
22,869,858
|
$318,348,000 | 6.99% |
| Magellan Midstream Prtnrs Lp |
57.30%
7,403,683
|
$270,160,000 | 5.93% |
| Pembina Pipeline Corp. |
47.21%
13,124,749
|
$246,877,000 | 5.42% |
| Cheniere Energy, Inc. |
22.54%
4,580,059
|
$153,432,000 | 3.37% |
| The Williams Cos., Inc. |
24.89%
10,721,348
|
$151,707,000 | 3.33% |
| Tallgrass Energy Lp |
Opened
8,319,070
|
$136,932,000 | 3.01% |
| TC Pipelines LP |
15.34%
3,053,069
|
$83,898,000 | 1.84% |
| ONEOK, Inc. |
23.65%
3,574,298
|
$77,955,000 | 1.71% |
| Targa Res Corp |
4.12%
11,215,510
|
$77,499,000 | 1.70% |
| Phillips 66 Partners LP |
33.16%
1,685,103
|
$61,388,000 | 1.35% |
| Antero Midstream Corp. |
0.51%
23,327,035
|
$48,987,000 | 1.08% |
| Marathon Pete Corp |
Closed
685,926
|
$41,327,000 | |
| Equitrans Midstream Corp. |
6.14%
7,019,988
|
$35,311,000 | 0.78% |
| Antero Res Corp |
Closed
11,686,075
|
$33,305,000 | |
| Archrock, Inc. |
11.29%
6,437,677
|
$24,206,000 | 0.53% |
| Macquarie Infrastructure Cor |
Opened
705,526
|
$17,815,000 | 0.39% |
| Western Midstream Partners L |
55.68%
3,629,627
|
$11,760,000 | 0.26% |
| Cheniere Energy Partners LP |
Opened
325,612
|
$8,795,000 | 0.19% |
| Holly Energy Partners LP |
4,750.36%
378,328
|
$5,308,000 | 0.12% |
| DCP Midstream LP |
31.16%
708,900
|
$2,885,000 | 0.06% |
| CNX Midstream Partners LP |
Opened
350,170
|
$2,836,000 | 0.06% |
| NGL Energy Partners LP |
Opened
969,204
|
$2,520,000 | 0.06% |
| EnLink Midstream LLC |
Opened
1,980,077
|
$2,178,000 | 0.05% |
| Enable Midstream Partners LP |
Opened
705,268
|
$1,813,000 | 0.04% |
| Hess Midstream LP |
Opened
151,562
|
$1,540,000 | 0.03% |
| Rattler Midstream LP |
Opened
349,585
|
$1,217,000 | 0.03% |
| Plains Gp Hldgs L P |
Opened
193,765
|
$1,087,000 | 0.02% |
| Delek Logistics Partners LP |
Opened
79,688
|
$725,000 | 0.02% |
| Noble Midstream Partners LP |
86.03%
168,529
|
$590,000 | 0.01% |
| Green Plains Partners LP |
Opened
82,156
|
$546,000 | 0.01% |
| Altus Midstream Co |
25.42%
257,109
|
$193,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 36 holdings | |||
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