Beach Investment Management, LLC Q4 2019 vs. Q1 2020 Holdings: Winners, Losers, and Surprises

Beach Investment Management, LLC, a registered investment advisor, filed its 13F statement for Q1 2020, revealing changes in its holdings from Q4 2019. Analyzing the data, we can see some holdings gained value during Q1 2020, while others decreased.

Here we dive into the top winners, losers, and surprises in Beach Investment Management's portfolio. It is important to note that the percentage change was calculated based on shares notional value and rounded to the nearest decimal point.

Winners

NextEra Energy Partners (NEP)

NEP's value increased by $1,031 million, representing 18.3% growth in value from $5,627 million in Q4 2019 to $4,596 million in Q1 2020. Beach Investment Management held 106,879 shares in both quarters, so it did not increase its position.

Amazon.com Inc. (AMZN)

Beach Investment Management increased its position in Amazon.com Inc. by 27 shares, from 706 in Q4 2019 to 679 in Q1 2020. The company's value increased by $19 million, representing 1.5% growth in value from $1,305 million in Q4 2019 to $1,324 million in Q1 2020.

Visa Inc. (V)

Beach Investment Management decreased its position in Visa Inc. by 574 shares, from 15,080 in Q4 2019 to 14,506 in Q1 2020. However, the company's value increased by $497 million, representing 17.5% growth in value, from $2,834 million in Q4 2019 to $2,337 million in Q1 2020.

Losers

Energy Transfer LP (ET)

Energy Transfer LP's value decreased by $2,400 million, representing a 64.1% decline in value from $3,742 million in Q4 2019 to $1,342 million in Q1 2020. Beach Investment Management held 291,690 shares in both quarters, so it did not change its position.

Enterprise Products Partners LP (EPD)

Beach Investment Management decreased its position in Enterprise Products Partners LP by 158,640 shares, from 158,640 in Q4 2019 to 0 in Q1 2020. EPD's position decreased by $2,198 million, representing a 49.2% decline in value, from $4,467 million in Q4 2019 to $2,269 million in Q1 2020.

Magellan Midstream Partners LP (MMP)

Magellan Midstream Partners LP's value decreased by $1,274, representing 42% decline in value from $3,035 million in Q4 2019 to $1,761 million in Q1 2020. Beach Investment Management held 48,272 shares in both quarters, so it did not change its position.

Surprises

Facebook, Inc. (META)

Beach Investment Management decreased its position in Facebook Inc. by 4,971 shares, from 10,290 in Q4 2019 to 5,319 in Q1 2020. META's value decreased by $1,225 million, representing a 58% decline in value from $2,112 million in Q4 2019 to $887 million in Q1 2020.

UnitedHealth Group Incorporated (UNH)

Beach Investment Management increased its position in UnitedHealth Group Incorporated by 2,437 shares, from 0 in Q4 2019 to 2,437 in Q1 2020. The company's value increased by $608 million.

In Conclusion

Beach Investment Management's portfolio showed varying levels of success in Q1 2020. While the value of some holdings decreased substantially, it is interesting to note that some positions managed to bloom during these uncertain times. As always with investing, it's important to evaluate holdings periodically and balance risk according to individual investment goals.