Beach Investment Management, 13F annual report
Beach Investment Management, is an investment fund managing more than $28.8 million ran by Cheri Bonvardo. There are currently 30 companies in Mrs. Bonvardo’s portfolio. The largest investments include Nextera Energy Partners and Visa, together worth $6.93 million.
$28.8 million Assets Under Management (AUM)
As of 7th October 2020, Beach Investment Management,’s top holding is 106,879 shares of Nextera Energy Partners currently worth over $4.6 million and making up 16.0% of the portfolio value.
In addition, the fund holds 14,506 shares of Visa worth $2.34 million, whose value grew 17.0% in the past six months.
The third-largest holding is Enterprise Prod Partners worth $2.27 million and the next is Magellan Midstream Partners, L worth $1.76 million, with 48,272 shares owned.
Currently, Beach Investment Management,'s portfolio is worth at least $28.8 million. 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 Beach Investment Management,
The Beach Investment Management, office and employees reside in West Conshohocken, Pennsylvania. According to the last 13-F report filed with the SEC, Cheri Bonvardo serves as the Chief Compliance Officer at Beach Investment Management,.
Recent trades
In the most recent 13F filing, Beach Investment Management, revealed that it had opened a new position in
Xcel and bought 10,348 shares worth $624 thousand.
This means they effectively own approximately 0.1% of the company.
Xcel makes up
32.8%
of the fund's Utilities sector allocation and has grown its share price by 15.4% in the past year.
The investment fund also strengthened its position in Vistra by buying
5,160 additional shares.
This makes their stake in Vistra total 42,380 shares worth $676 thousand.
Vistra dropped 33.1% in the past year.
On the other hand, there are companies that Beach Investment Management, is getting rid of from its portfolio.
Beach Investment Management, closed its position in Pattern Energy Group, Inc. on 5th May 2020.
It sold the previously owned 102,832 shares for $2.75 million.
Cheri Bonvardo also disclosed a decreased stake in Visa by approximately 0.1%.
This leaves the value of the investment at $2.34 million and 14,506 shares.
One of the smallest hedge funds
The two most similar investment funds to Beach Investment Management, are Tibra Equities Europe Ltd and General Catalyst Management. They manage $28.9 million and $28.6 million respectively.
Cheri Bonvardo investment strategy
Beach Investment Management,’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Technology — making up 12.2% of
the total portfolio value.
The fund focuses on investments in the United States as
63.3% of the portfolio companies
are based in the United States.
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
50% of the total holdings value.
On the other hand, small-cap stocks make up only 6.7% of the portfolio.
The average market cap of the portfolio companies is close to $359 billion.
The complete list of Beach Investment Management, trades based on 13F SEC filings
These positions were updated on May 5th 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 |
|---|---|---|---|
| Nextera Energy Partners |
No change
106,879
|
$4,596,000 | 15.97% |
| Pattern Energy Group, Inc. |
Closed
102,832
|
$2,751,000 | |
| Visa, Inc. |
3.81%
14,506
|
$2,337,000 | 8.12% |
| Enterprise Prod Partners |
No change
158,640
|
$2,269,000 | 7.88% |
| Magellan Midstream Partners, L |
No change
48,272
|
$1,761,000 | 6.12% |
| NextEra Energy, Inc. |
Closed
6,190
|
$1,499,000 | |
| Microsoft Corp. |
20.79%
9,022
|
$1,423,000 | 4.94% |
| Energy Transfer Lp |
No change
291,690
|
$1,342,000 | 4.66% |
| Amazon.com, Inc. |
3.82%
679
|
$1,324,000 | 4.60% |
| Apple Computer |
Closed
4,140
|
$1,216,000 | |
| Johnson & Johnson |
16.04%
8,539
|
$1,120,000 | 3.89% |
| Abbott Laboratories |
16.88%
13,831
|
$1,091,000 | 3.79% |
| Teekay Lng Partners |
No change
93,450
|
$915,000 | 3.18% |
| Nestle Spons Adr |
No change
8,650
|
$891,000 | 3.10% |
| Facebook, Inc. |
48.31%
5,319
|
$887,000 | 3.08% |
| Alphabet, Inc. |
46.40%
745
|
$866,000 | 3.01% |
| Vistra Corp. |
13.86%
42,380
|
$676,000 | 2.35% |
| Curtiss-Wright Corp. |
Closed
4,742
|
$668,000 | |
| Medtronic |
21.57%
7,192
|
$649,000 | 2.25% |
| Xcel Energy Inc. |
Opened
10,348
|
$624,000 | 2.17% |
| Fortress Transportation Infr I |
Closed
31,890
|
$623,000 | |
| UnitedHealth Group, Inc. |
Opened
2,437
|
$608,000 | 2.11% |
| NRG Energy, Inc. |
18.85%
22,171
|
$604,000 | 2.10% |
| J.p. Morgan Chase |
14.91%
6,603
|
$594,000 | 2.06% |
| The Coca-Cola Co. |
25.92%
12,535
|
$555,000 | 1.93% |
| The Walt Disney Co. |
Closed
3,805
|
$550,000 | |
| Becton Dickinson |
7.14%
2,175
|
$500,000 | 1.74% |
| Berkshire Hathaway B |
47.18%
2,493
|
$456,000 | 1.58% |
| Charter Communications, Inc. |
21.29%
1,039
|
$453,000 | 1.57% |
| T-Mobile US, Inc. |
23.22%
5,190
|
$435,000 | 1.51% |
| Stryker Corp. |
Opened
2,519
|
$419,000 | 1.46% |
| AT&T Inc. |
Closed
10,080
|
$394,000 | |
| Bank of America Corporation |
16.38%
18,572
|
$394,000 | 1.37% |
| Air Lease Corp. |
Closed
8,130
|
$386,000 | |
| Delta Airlines |
Closed
6,160
|
$360,000 | |
| Uber Technologies, Inc. |
Opened
12,440
|
$347,000 | 1.21% |
| Pulte Homes Inc. |
Closed
8,800
|
$341,000 | |
| J.b.hunt Transportation Servic |
Closed
2,170
|
$253,000 | |
| MetLife, Inc. |
22.33%
7,961
|
$243,000 | 0.84% |
| Citigroup, Inc. |
64.33%
4,808
|
$203,000 | 0.71% |
| D. R. Horton |
No change
5,940
|
$202,000 | 0.70% |
| No transactions found | |||
| Showing first 500 out of 41 holdings | |||
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