LC
Lucas Capital Management Historical SEC 13F Holdings & Archive (Q4 2020)
Lucas Capital ManagementCIK: 0001280577
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$85.7M
Reporting period: 2020-12-31 · Number of holdings: 46
LUCAS CAPITAL MANAGEMENT disclosed 46 holdings in its latest 13F filing for the period ending 2020-12-31, with total reported value of $85.7M and a quarterly turnover rate of 15.9%.
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Personality snowflake
- Concentration
- 18.74
- Portfolio Stability
- 15.85
- Momentum
- 100
- Sector conviction
- 77.56
- Diversification
- 92
- Sizing Uniformity
- 89.13
Lucas Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.047 — mathematically equivalent to about 21 equally-sized positions, well below its 46 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.09), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
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 33% 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 JPM
+47.1% $1.0M
Trim IHI
-4.9% $192.0K
Trim XLY
-13.8% -$127.0K
Trim GLD
-5.7% -$101.0K
Trim JNJ
+1.5% $335.0K
Trim UL
-1.4% -$65.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 12.66% | -0.25% | -1.82% | |
| 2 | VGT | Vanguard Info Tech ETF | ETF-Tech | 6.98% | -0.21% | -2.03% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 6.58% | +0.07% | +2.73% | |
| 4 | IHI | Ishares U.s. Medical Devices | ETF-Other | 6.03% | -0.63% | -4.93% | |
| 5 | JNJ | Johnson & Johnson | Stock-Healthcare | 5.75% | -0.40% | +1.50% | |
| 6 | IBB | Ishares Biotechnology ETF | ETF-Tech | 4.85% | -0.34% | -4.06% | |
| 7 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 3.98% | +0.07% | +1.06% | |
| 8 | XLI | Ss Industrial Select Sector | ETF-Other | 3.91% | -0.13% | -3.27% | |
| 9 | XLF | Ss Financial Select Sector | ETF-Other | 2.85% | -0.04% | -7.42% | |
| 10 | BIP | Brookfield Infrastructure Partners L.P. | Stock-Utilities | 2.82% | -0.33% | -0.78% | |
| 11 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 2.66% | -0.27% | +4.35% | |
| 12 | VB | Vanguard Small-cap ETF | ETF-Other | 2.55% | +0.26% | +0.81% | |
| 13 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.52% | +1.03% | +47.11% | |
| 14 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 2.45% | -0.53% | -13.79% | |
| 15 | XLV | Ss Health Care Select Sector | ETF-Other | 2.41% | -0.22% | -2.37% | |
| 16 | GLD | Spdr Gold Shares | ETF-Commodities | 2.24% | -0.47% | -5.70% | |
| 17 | UL | Unilever PLC | Stock-Consumer Staples | 2.05% | -0.39% | -1.45% | |
| 18 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 1.95% | -0.30% | -3.04% | |
| 19 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 1.94% | -0.15% | +0.97% | |
| 20 | XLK | Ss Technology Select Sector | ETF-Tech | 1.87% | -0.32% | -12.31% | |
| 21 | WEP | Magellan Midstream Partners | Stock-Other | 1.83% | +0.02% | -6.23% | |
| 22 | VOX | Vanguard Communication Servi | ETF-Other | 1.82% | -0.11% | -8.53% | |
| 23 | DOW | Dow Inc | Stock-Materials | 1.70% | +0.09% | +2.24% | |
| 24 | T | At&t Inc | Stock-Comm Services | 1.58% | -0.35% | -6.39% | |
| 25 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.51% | +0.31% | +46.95% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 1.30% | +0.03% | +0.19% | |
| 27 | LBAIUSD | Lakeland Bancorp Inc | Stock-Other | 1.07% | +0.12% | +1.87% | |
| 28 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.99% | +0.99% | NEW | |
| 29 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.99% | -0.21% | -10.03% | |
| 30 | PFE | Pfizer Inc | Stock-Healthcare | 0.96% | +0.96% | NEW | |
| 31 | SBR | Sabine Royalty Trust | Stock-Other | 0.95% | -0.38% | -15.93% | |
| 32 | EPD | Enterprise Products Partners | Stock-Energy | 0.82% | +0.06% | -0.12% | |
| 33 | BAC | Bank Of America CORP | Stock-Financials | 0.72% | +0.72% | NEW | |
| 34 | XOM | Exxon Mobil CORP | Stock-Energy | 0.53% | +0.04% | +2.78% | |
| 35 | HOV | Hovnanian Enterprises-a | Stock-Other | 0.47% | -0.06% | — | |
| 36 | MPLX | Mplx LP | Stock-Energy | 0.44% | +0.02% | -12.32% | |
| 37 | WES | Western Midstream Partners L | Stock-Energy | 0.41% | +0.01% | -31.75% | |
| 38 | SII | Sprott Inc | Stock-Other | 0.38% | +0.38% | NEW | |
| 39 | HESM | Hess Midstream LP - Class A | Stock-Other | 0.35% | +0.06% | +7.37% | |
| 40 | SLV | Ishares Silver Trust | ETF-Commodities | 0.34% | +0.05% | +18.81% | |
| 41 | DMLP | Dorchester Minerals LP | Stock-Other | 0.33% | -0.07% | -9.69% | |
| 42 | VTN | Invesco Tr For Invest Grd Ny | Stock-Other | 0.33% | -0.03% | — | |
| 43 | CLPT | Clearpoint Neuro Inc | Stock-Other | 0.31% | +0.31% | NEW | |
| 44 | AA | Alcoa CORP | Stock-Materials | 0.31% | +0.31% | NEW | |
| 45 | PTY | Pimco Corporate & Income Opp | Stock-Other | 0.26% | +0.26% | NEW | |
| 46 | SHLXUSD | Shell Midstream Partners LP | Stock-Other | 0.25% | +0.25% | NEW |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2020 Q4 | 46 | $85.7M | 16 | ||
| 2020 Q3 | 39 | $74.7M | 21 | ||
| 2020 Q2 | 43 | $73.0M | 20 | ||
| 2020 Q1 | 42 | $66.2M | 39 | ||
| 2019 Q4 | 45 | $84.4M | 13 | ||
| 2019 Q3 | 46 | $78.5M | 17 | ||
| 2019 Q2 | 52 | $84.4M | 11 | ||
| 2019 Q1 | 53 | $84.7M | 20 | ||
| 2018 Q4 | 53 | $76.0M | 28 | ||
| 2018 Q3 | 49 | $82.7M | 36 | ||
| 2018 Q2 | 94 | $105.8M | 17 | ||
| 2018 Q1 | 96 | $103.3M | 20 | ||
| 2017 Q4 | 110 | $115.4M | 18 | ||
| 2017 Q3 | 107 | $111.6M | 39 | ||
| 2017 Q2 | 124 | $138.1M | 25 | ||
| 2017 Q1 | 115 | $135.0M | 18 | ||
| 2016 Q4 | 109 | $138.6M | 19 | ||
| 2016 Q3 | 101 | $130.6M | 15 | ||
| 2016 Q2 | 109 | $141.3M | 19 | ||
| 2016 Q1 | 117 | $137.0M | 23 | ||
| 2015 Q4 | 123 | $155.7M | 27 | ||
| 2015 Q3 | 129 | $172.5M | 34 | ||
| 2015 Q2 | 134 | $225.0M | 22 | ||
| 2015 Q1 | 132 | $247.9M | 23 | ||
| 2014 Q4 | 137 | $269.2M | 40 | ||
| 2014 Q3 | 146 | $325.7M | 24 | ||
| 2014 Q2 | 153 | $315.3M | 38 | ||
| 2014 Q1 | 141 | $313.3M | 37 | ||
| 2013 Q4 | 146 | $299.7M | 38 | ||
| 2013 Q3 | 144 | $293.1M | 44 | ||
| 2013 Q2 | 141 | $348.9M | 60 |
Holding changes this quarter
Lucas Capital Management's most significant position changes for 2020-12-31: New buy: Merck & Co. Inc. (MRK); New buy: Pfizer Inc (PFE); New buy: Bank Of America CORP (BAC); New buy: Sprott Inc (SII); New buy: Clearpoint Neuro Inc (CLPT).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JPM | Jpmorgan Chase & Co | +1% | +47.11% | Add |
| 2 | VZ | Verizon Communications Inc | +0.3% | +46.95% | Add |
| 3 | VB | Vanguard Small-cap ETF | +0.3% | +0.81% | Add |
| 4 | LBAIUSD | Lakeland Bancorp Inc | +0.1% | +1.87% | Add |
| 5 | DOW | Dow Inc | +0.1% | +2.24% | Add |
| 6 | QQQ | Invesco Qqq Trust Series 1 | +0.1% | +2.73% | Add |
| 7 | VEA | Vanguard Ftse Developed ETF | +0.1% | +1.06% | Add |
| 8 | EPD | Enterprise Products Partners | +0.1% | -0.12% | Trim |
| 9 | HESM | Hess Midstream LP - Class A | +0.1% | +7.37% | Add |
| 10 | SLV | Ishares Silver Trust | +0.1% | +18.81% | Add |
| 11 | XOM | Exxon Mobil CORP | 0% | +2.78% | Add |
| 12 | CVX | Chevron CORP | 0% | +0.19% | Add |
| 13 | WEP | Magellan Midstream Partners | 0% | -6.23% | Trim |
| 14 | MPLX | Mplx LP | 0% | -12.32% | Trim |
| 15 | WES | Western Midstream Partners L | 0% | -31.75% | Trim |
| 16 | VTN | Invesco Tr For Invest Grd Ny | 0% | — | Unchanged |
| 17 | XLF | Ss Financial Select Sector | 0% | -7.42% | Trim |
| 18 | HOV | Hovnanian Enterprises-a | -0.1% | — | Unchanged |
| 19 | DMLP | Dorchester Minerals LP | -0.1% | -9.69% | Trim |
| 20 | VOX | Vanguard Communication Servi | -0.1% | -8.53% | Trim |
| 21 | XLI | Ss Industrial Select Sector | -0.1% | -3.27% | Trim |
| 22 | XLP | Ss Consumer Staples Sel Sect | -0.2% | +0.97% | Add |
| 23 | VGT | Vanguard Info Tech ETF | -0.2% | -2.03% | Trim |
| 24 | XLU | St Sr Utl Sl Se Spdr Etf-usd | -0.2% | -10.03% | Trim |
| 25 | XLV | Ss Health Care Select Sector | -0.2% | -2.37% | Trim |
| 26 | AAPL | Apple Inc | -0.3% | -1.82% | Trim |
| 27 | PG | Procter & Gamble Co/the | -0.3% | +4.35% | Add |
| 28 | BMY | Bristol-myers Squibb Co | -0.3% | -3.04% | Trim |
| 29 | XLK | Ss Technology Select Sector | -0.3% | -12.31% | Trim |
| 30 | BIP | Brookfield Infrastructure Partners L.P. | -0.3% | -0.78% | Trim |
| 31 | IBB | Ishares Biotechnology ETF | -0.3% | -4.06% | Trim |
| 32 | T | At&t Inc | -0.4% | -6.39% | Trim |
| 33 | SBR | Sabine Royalty Trust | -0.4% | -15.93% | Trim |
| 34 | UL | Unilever PLC | -0.4% | -1.45% | Trim |
| 35 | JNJ | Johnson & Johnson | -0.4% | +1.50% | Add |
| 36 | GLD | Spdr Gold Shares | -0.5% | -5.70% | Trim |
| 37 | XLY | Ss Consumer Disc Select Sect | -0.5% | -13.79% | Trim |
| 38 | IHI | Ishares U.s. Medical Devices | -0.6% | -4.93% | Trim |
| 39 | MRK | Merck & Co. Inc. | — | NEW | New buy |
| 40 | PFE | Pfizer Inc | — | NEW | New buy |
| 41 | BAC | Bank Of America CORP | — | NEW | New buy |
| 42 | SII | Sprott Inc | — | NEW | New buy |
| 43 | CLPT | Clearpoint Neuro Inc | — | NEW | New buy |
| 44 | AA | Alcoa CORP | — | NEW | New buy |
| 45 | PTY | Pimco Corporate & Income Opp | — | NEW | New buy |
| 46 | SHLXUSD | Shell Midstream Partners LP | — | NEW | New buy |
| 47 | USAC | USA Compression Partners LP | — | EXIT | Sold out |
Filing History
FAQ
What is Lucas Capital Management and what type of investor is it?
Lucas Capital Management 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 (2020-12-31), the firm manages a tracked equity portfolio valued at approximately $85.7M, spread across 46 disclosed positions.
What are Lucas Capital Management's largest equity positions?
Based on the latest 13F filing, Lucas Capital Management's top holdings by market value are:
1. Apple Inc (AAPL) — $10.9M (12.7%)
2. Vanguard Info Tech ETF (VGT) — $6.0M (7.0%)
3. Invesco Qqq Trust Series 1 (QQQ) — $5.6M (6.6%)
4. Ishares U.s. Medical Devices (IHI) — $5.2M (6.0%)
5. Johnson & Johnson (JNJ) — $4.9M (5.8%)
What changes did Lucas Capital Management make in its most recent portfolio filing?
In the latest reported quarter, Lucas Capital Management made 45 notable position adjustments: 8 new positions were initiated, 14 existing holdings were added to, 22 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Merck & Co. Inc. (MRK); New buy: Pfizer Inc (PFE); New buy: Bank Of America CORP (BAC); New buy: Sprott Inc (SII); New buy: Clearpoint Neuro Inc (CLPT)
What sectors does Lucas Capital Management focus on?
Lucas Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 38.2%
• Health Care: 29.1%
• Financials: 9.8%
• Communication Services: 9.3%
• Consumer Staples: 8.0%
• Energy: 5.5%
Investment Profile
Lucas Capital Management's portfolio is broadly diversified and long-term-holding, with 38.2% of the portfolio concentrated in Information Technology.
It has added to its AAPL position over the past two quarters (+$2.8M, now $10.9M), while trimming T over the same stretch (-$303.0K, still holding $1.4M).
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