Chickasaw Capital Management's Q4 2022 vs Q1 2023 13F Holdings Comparison: What Changed?

Chickasaw Capital Management LLC Q4 2022 vs Q1 2023 13F Holdings Comparison: What changed?

Chickasaw Capital Management LLC, a fund management firm based in Oklahoma, recently disclosed its quarterly 13F holdings with the SEC. The data, which shows the firm's holdings for the fourth quarter of 2022 and first quarter of 2023 provides insight into the changes the fund made to its portfolio during this period. In this blog post, we will take a closer look at the data and analyze the changes made by Chickasaw Capital Management LLC.

Overview of Chickasaw Capital Management LLC's portfolio

At the end of Q4 2022, Chickasaw Capital Management LLC reported a total of 51 holdings with a total value of $2.2 billion. By the end of Q1 2023, the number of holdings had decreased to 50 and the total value of the portfolio had also decreased to $2.1 billion.

The largest holdings in the fund's portfolio are in the midstream energy sector, with Targa Resources Corp, Western Midstream Partners LP, MPLX LP, Energy Transfer LP, and EnLink Midstream LLC topping the list. The two largest individual holdings, Targa Resources Corp and Western Midstream Partners LP, account for a significant portion of the fund's total value at $214 million and $212 million, respectively.

Changes to Chickasaw Capital Management LLC's portfolio

The most notable change in Chickasaw Capital Management LLC's portfolio is the decrease in the number of holdings from 51 in Q4 2022 to 50 in Q1 2023. While this might seem like a minor change, it indicates that the fund management firm has made significant adjustments to its portfolio.

Of the 50 holdings remaining in the fund's portfolio, 23 increased in value while 24 decreased. Three holdings had no change in value.

The largest decrease in the fund's portfolio was in DCP Midstream Partners LP, which saw a decrease of 79.6% in the number of shares held by the fund. The value of the holding also decreased significantly from $101 million to $21 million. EnLink Midstream LLC also saw a notable decrease of 8.9%, with the number of shares held by the fund decreasing from 146,139,13 to 150,993,40. The value of the holding also decreased from $179.7 million to $163.7 million.

On the other hand, LNG Cheniere Energy Inc saw the largest increase in value in Chickasaw Capital Management LLC's portfolio from $34.9 million to $68.8 million. The firm increased its holding in the energy company by 97%, from 232,988 shares in Q4 2022 to 436,622 shares in Q1 2023.

The next largest increase in value was in Apple Inc, which saw an increase of 23.8% from $17.5 million to $21.7 million. The number of shares held by the fund remained relatively steady at 134,854 and 131,569 in Q4 2022 and Q1 2023, respectively.

Other companies that saw an increase in value in Chickasaw Capital Management LLC's portfolio include Oracle Corp, Microsoft Corp, and Alphabet Inc Cap Stock Cl C, which increased by 13.6%, 20.2%, and 17.2% respectively.

Conclusion

The data from Chickasaw Capital Management LLC's 13F filings with the SEC shows the changes made by the fund management firm to its portfolio during Q4 2022 and Q1 2023. The decrease in the number of holdings and the increase in the value of holdings in companies such as Cheniere Energy Inc and Apple Inc indicate that the firm made strategic adjustments to its portfolio during this period. The decrease in holdings of DCP Midstream Partners LP, EnLink Midstream LLC and Phillip 66, on the other hand, shows a reduction in the fund's exposure to the energy sector. Overall, these changes reflect how Chickasaw Capital Management LLC is adjusting its portfolio to keep up with market trends and optimize its holdings for the long term.