EM
EnTrustPermal Management LLC Historical SEC 13F Holdings & Archive (Q3 2017)
EnTrustPermal Management LLCCIK: 0001438129
Diversified strategySector-focusedContrarian
Total reported value
$239.5M
Reporting period: 2017-09-30 · Number of holdings: 49
EnTrustPermal Management LLC disclosed 49 holdings in its latest 13F filing for the period ending 2017-09-30, with total reported value of $239.5M and a quarterly turnover rate of 29.0%.
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Personality snowflake
- Concentration
- 22.65
- Portfolio Stability
- 29.01
- Momentum
- 0
- Sector conviction
- 100
- Diversification
- 96
- Sizing Uniformity
- 86.75
EnTrustPermal Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.057 — mathematically equivalent to about 18 equally-sized positions, well below its 49 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.32), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 2% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd EUFN
+49.9% $4.1M
Trim GLD
-17.0% -$2.4M
Add KRSP
+137.1% $2.0M
Trim SPLP
0.0% -$591.0K
Add VLO
+114.2% $1.6M
Trim GDXJ
-35.1% -$973.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 48 holdings (of 49 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPLP | Steel Partners Holdings LP | Stock-Other | 18.10% | -0.80% | — | |
| 2 | ✓ | Third Pt Reins LTD | Stock-Other | 7.75% | — | -8.26% | |
| 3 | EZU | Ishares Msci Eurozone ETF | ETF-Other | 6.10% | +0.23% | -0.24% | |
| 4 | GLD | Spdr Gold Shares | ETF-Commodities | 5.86% | -1.20% | -16.97% | |
| 5 | EUFN | Ishares Msci Europe Financia | ETF-Other | 4.59% | +1.64% | +49.87% | |
| 6 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 3.10% | +0.01% | — | |
| 7 | DXJ | Wisdomtree Japan Hedged Eq | ETF-Other | 3.07% | +0.09% | +0.90% | |
| 8 | KRG | Kite Realty Group Trust | Stock-Real Estate | 1.55% | +1.55% | NEW | |
| 9 | ✓ | Alere Inc | Stock-Other | 1.55% | +0.06% | +5.81% | |
| 10 | AKRXEUR | Akorn Inc | Stock-Other | 1.54% | +1.54% | NEW | |
| 11 | ✓ | Straight Path Communicatns Incorporated Class B | Stock-Other | 1.54% | +0.03% | +4.62% | |
| 12 | ✓ | Nxstage Medical Inc | Stock-Other | 1.53% | +1.53% | NEW | |
| 13 | ✓ | Stock-Other | 1.53% | +0.14% | +12.09% | ||
| 14 | ✓ | Brocade Communications Sys I | Stock-Other | 1.53% | +0.18% | +22.62% | |
| 15 | ✓ | Stock-Other | 1.50% | +0.17% | +15.05% | ||
| 16 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 1.48% | — | — | |
| 17 | TRCO | Tribune Media Co - A | Stock-Other | 1.48% | +1.48% | NEW | |
| 18 | ENBLUSD | Enable Midstream Partners LP | Stock-Other | 1.39% | -0.19% | -9.61% | |
| 19 | KRSP | Rice Acquisition Corporation 3 | Stock-Other | 1.37% | +0.80% | +137.12% | |
| 20 | SHLXUSD | Shell Midstream Partners LP | Stock-Other | 1.35% | +1.35% | NEW | |
| 21 | EQMUSD | Eqm Midstream Partners LP | Stock-Other | 1.34% | +1.34% | NEW | |
| 22 | MPLX | Mplx LP | Stock-Energy | 1.33% | -0.13% | -10.44% | |
| 23 | ✓ | Williams Partners LP | Stock-Other | 1.33% | -0.08% | — | |
| 24 | VLO | Valero Energy Corporation | Stock-Energy | 1.31% | +0.65% | +114.24% | |
| 25 | DCPUSD | Dcp Midstream LP | Stock-Other | 1.30% | -0.20% | -12.84% | |
| 26 | ✓ | Stock-Other | 1.29% | -0.10% | -7.55% | ||
| 27 | BPLUSD | Buckeye Partners LP | Stock-Other | 1.29% | -0.20% | — | |
| 28 | EPD | Enterprise Products Partners | Stock-Energy | 1.28% | -0.09% | — | |
| 29 | AM | Antero Midstream Corporation | Stock-Energy | 1.24% | -0.10% | — | |
| 30 | APO | Apollo Global Management, Inc. | Stock-Financials | 1.21% | +0.11% | — | |
| 31 | BXUSD | Blackstone Group Lp/the | Stock-Other | 1.19% | — | — | |
| 32 | BAM | Brookfield Asset Management Ltd. | Stock-Financials | 1.18% | +0.02% | — | |
| 33 | RITM | Rithm Capital CORP | Stock-Real Estate | 1.17% | +0.23% | +19.05% | |
| 34 | KKR | KKR & Co. Inc. | Stock-Financials | 1.16% | +0.06% | — | |
| 35 | PMT | Pennymac Mortgage Investment | Stock-Other | 1.16% | +0.06% | +14.12% | |
| 36 | TWO | Two Harbors Investment Corp. | Stock-Other | 1.16% | +0.07% | +8.28% | |
| 37 | ARI | Apollo Commercial Real Estat | Stock-Other | 1.15% | +0.11% | +16.86% | |
| 38 | BXMT | Blackstone Mortgage Tru-cl A | Stock-Real Estate | 1.15% | +0.10% | +15.01% | |
| 39 | MFAUSD | Mfa Financial Inc | Stock-Other | 1.15% | +0.09% | +6.45% | |
| 40 | RWT | Redwood Trust Inc | Stock-Other | 1.14% | +0.09% | +17.04% | |
| 41 | STWD | Starwood Property Trust Inc | Stock-Real Estate | 1.14% | +0.14% | +20.53% | |
| 42 | OAK | Oaktree Capital Group LLC | Stock-Other | 1.12% | — | — | |
| 43 | CIM | Chimera Investment Corporation | Stock-Other | 1.12% | -0.01% | — | |
| 44 | IVREUR | Invesco Mortgage Capital | Stock-Other | 1.11% | -0.01% | — | |
| 45 | CG | The Carlyle Group Inc. | Stock-Financials | 1.10% | -0.13% | -22.84% | |
| 46 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 0.77% | +0.43% | +122.78% | |
| 47 | GDXJ | Vaneck Junior Gold Miners | ETF-Commodities | 0.77% | -0.44% | -35.08% | |
| 48 | ✓ | Sky Solar Hldgs LTD | Stock-Other | 0.40% | +0.06% | — |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2017 Q3 | 49 | $239.5M | 29 | ||
| 2017 Q2 | 47 | $232.6M | 37 | ||
| 2017 Q1 | 40 | $196.5M | 71 | ||
| 2016 Q4 | 29 | $164.8M | 38 | ||
| 2016 Q3 | 25 | $173.6M | 28 | ||
| 2016 Q2 | 31 | $199.0M | 68 | ||
| 2016 Q1 | 31 | $124.1M | 60 | ||
| 2015 Q4 | 34 | $98.6M | 61 | ||
| 2015 Q3 | 37 | $82.2M | 62 | ||
| 2015 Q2 | 31 | $84.1M | 69 | ||
| 2015 Q1 | 37 | $82.1M | 59 | ||
| 2014 Q4 | 35 | $88.7M | 50 | ||
| 2014 Q3 | 30 | $87.4M | 36 | ||
| 2014 Q2 | 42 | $98.4M | 48 | ||
| 2014 Q1 | 43 | $115.0M | 39 | ||
| 2013 Q4 | 43 | $97.9M | 28 | ||
| 2013 Q3 | 49 | $107.4M | 30 | ||
| 2013 Q2 | 40 | $97.9M | 0 |
Holding changes this quarter
EnTrustPermal Management LLC's most significant position changes for 2017-09-30: Sold out: Morgan Stanley China A Share (XCAFX); New buy: Kite Realty Group Trust (KRG); New buy: Akorn Inc (AKRXEUR); New buy: Nxstage Medical Inc; Sold out: .
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | EUFN | Ishares Msci Europe Financia | +1.6% | +49.87% | Add |
| 2 | KRSP | Rice Acquisition Corporation 3 | +0.8% | +137.12% | Add |
| 3 | VLO | Valero Energy Corporation | +0.7% | +114.24% | Add |
| 4 | GDX | Vaneck Gold Miners ETF | +0.4% | +122.78% | Add |
| 5 | EZU | Ishares Msci Eurozone ETF | +0.2% | -0.24% | Trim |
| 6 | RITM | Rithm Capital CORP | +0.2% | +19.05% | Add |
| 7 | ✓ | Brocade Communications Sys I | +0.2% | +22.62% | Add |
| 8 | ✓ | +0.2% | +15.05% | Add | |
| 9 | ✓ | +0.1% | +12.09% | Add | |
| 10 | STWD | Starwood Property Trust Inc | +0.1% | +20.53% | Add |
| 11 | APO | Apollo Global Management, Inc. | +0.1% | — | Unchanged |
| 12 | ARI | Apollo Commercial Real Estat | +0.1% | +16.86% | Add |
| 13 | BXMT | Blackstone Mortgage Tru-cl A | +0.1% | +15.01% | Add |
| 14 | DXJ | Wisdomtree Japan Hedged Eq | +0.1% | +0.90% | Add |
| 15 | RWT | Redwood Trust Inc | +0.1% | +17.04% | Add |
| 16 | MFAUSD | Mfa Financial Inc | +0.1% | +6.45% | Add |
| 17 | TWO | Two Harbors Investment Corp. | +0.1% | +8.28% | Add |
| 18 | ✓ | Alere Inc | +0.1% | +5.81% | Add |
| 19 | KKR | KKR & Co. Inc. | +0.1% | — | Unchanged |
| 20 | PMT | Pennymac Mortgage Investment | +0.1% | +14.12% | Add |
| 21 | ✓ | Sky Solar Hldgs LTD | +0.1% | — | Unchanged |
| 22 | ✓ | Straight Path Communicatns Incorporated Class B | 0% | +4.62% | Add |
| 23 | BAM | Brookfield Asset Management Ltd. | 0% | — | Unchanged |
| 24 | KRE | Ss Spdr S&p Regional Bank | 0% | — | Unchanged |
| 25 | ✓ | Third Pt Reins LTD | — | -8.26% | Trim |
| 26 | NXPI | NXP Semiconductors N.V. | — | — | Unchanged |
| 27 | IVREUR | Invesco Mortgage Capital | 0% | — | Unchanged |
| 28 | CIM | Chimera Investment Corporation | 0% | — | Unchanged |
| 29 | ✓ | Williams Partners LP | -0.1% | — | Unchanged |
| 30 | EPD | Enterprise Products Partners | -0.1% | — | Unchanged |
| 31 | AM | Antero Midstream Corporation | -0.1% | — | Unchanged |
| 32 | ✓ | -0.1% | -7.55% | Trim | |
| 33 | CG | The Carlyle Group Inc. | -0.1% | -22.84% | Trim |
| 34 | MPLX | Mplx LP | -0.1% | -10.44% | Trim |
| 35 | ENBLUSD | Enable Midstream Partners LP | -0.2% | -9.61% | Trim |
| 36 | BPLUSD | Buckeye Partners LP | -0.2% | — | Unchanged |
| 37 | DCPUSD | Dcp Midstream LP | -0.2% | -12.84% | Trim |
| 38 | GDXJ | Vaneck Junior Gold Miners | -0.4% | -35.08% | Trim |
| 39 | SPLP | Steel Partners Holdings LP | -0.8% | — | Unchanged |
| 40 | GLD | Spdr Gold Shares | -1.2% | -16.97% | Trim |
| 41 | XCAFX | Morgan Stanley China A Share | — | EXIT | Sold out |
| 42 | KRG | Kite Realty Group Trust | — | NEW | New buy |
| 43 | AKRXEUR | Akorn Inc | — | NEW | New buy |
| 44 | ✓ | Nxstage Medical Inc | — | NEW | New buy |
| 45 | ✓ | — | EXIT | Sold out | |
| 46 | TRCO | Tribune Media Co - A | — | NEW | New buy |
| 47 | MBLY | Mobileye Global Inc. | — | EXIT | Sold out |
| 48 | SHLXUSD | Shell Midstream Partners LP | — | NEW | New buy |
| 49 | EQMUSD | Eqm Midstream Partners LP | — | NEW | New buy |
| 50 | ✓ | — | EXIT | Sold out |
Filing History
FAQ
What is EnTrustPermal Management LLC and what type of investor is it?
EnTrustPermal Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-09-30), the firm manages a tracked equity portfolio valued at approximately $239.5M, spread across 49 disclosed positions.
What are EnTrustPermal Management LLC's largest equity positions?
Based on the latest 13F filing, EnTrustPermal Management LLC's top holdings by market value are:
1. Steel Partners Holdings LP (SPLP) — $43.4M (18.1%)
2. Third Pt Reins LTD — $18.6M (7.8%)
3. Ishares Msci Eurozone ETF (EZU) — $14.6M (6.1%)
4. Spdr Gold Shares (GLD) — $14.0M (5.9%)
5. Ishares Msci Europe Financia (EUFN) — $11.0M (4.6%)
What changes did EnTrustPermal Management LLC make in its most recent portfolio filing?
In the latest reported quarter, EnTrustPermal Management LLC made 37 notable position adjustments: 6 new positions were initiated, 18 existing holdings were added to, 9 positions were partially reduced, and 4 were completely exited. The largest of these moves: Sold out: Morgan Stanley China A Share (XCAFX); New buy: Kite Realty Group Trust (KRG); New buy: Akorn Inc (AKRXEUR); New buy: Nxstage Medical Inc; Sold out:
What sectors does EnTrustPermal Management LLC focus on?
EnTrustPermal Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 100.0%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
EnTrustPermal Management LLC's portfolio is broadly diversified and moderately active, with 100.0% of the portfolio concentrated in Financials.
Its concentration score has fallen from 53 to 23 over the past 4 quarters — a shift toward broader diversification.
It has added to its VLO position over the past two quarters (+$2.1M, now $3.1M), while trimming GLD over the same stretch (-$2.5M, still holding $14.0M).
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