CIK: 0000794221
Total reported value
$9.4M
Reporting period: 2015-12-31 · Number of holdings: 4
KING INVESTMENT ADVISORS INC/TX disclosed 4 holdings in its latest 13F filing for the period ending 2015-12-31, with total reported value of $9.4M and a quarterly turnover rate of 49.4%.
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King Investment Advisors Inc/tx's disclosed holdings carry a Herfindahl concentration index of 0.599 — mathematically equivalent to about 2 equally-sized positions, well below its 4 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 1.36), 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.
Add T
-1.5% $275.0K
Add VZ
-6.9% -$13.0K
Add IBM
0.0% -$30.0K
Add CMCSA
0.0% -$3.0K
Sold out AMCX
Sold out BPOP
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | T | At&t INC | Stock-Comm Services | 75.87% | +29.63% | -1.49% | |
| 2 | VZ | Verizon Communications INC | Stock-Comm Services | 13.29% | +4.78% | -6.90% | |
| 3 | IBM | Intl Business Machines CORP | Stock-Tech | 5.88% | +1.95% | — | |
| 4 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 4.96% | +1.79% | — |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2015-12-31 | 4 | $9.4M | 49 | |
| 2015-09-30 | 30 | $14.8M | 100 | |
| 2015-06-30 | 55 | $43.5M | 100 | |
| 2015-03-31 | 111 | $224.4M | 0 | |
| 2014-12-31 | 111 | $224.4M | 32 | |
| 2014-09-30 | 109 | $219.7M | 30 | |
| 2014-06-30 | 110 | $235.0M | 21 | |
| 2014-03-31 | 109 | $218.1M | 27 | |
| 2013-12-31 | 118 | $218.9M | 47 | |
| 2013-09-30 | 130 | $232.0M | 50 | |
| 2013-06-30 | 115 | $241.2M | 0 |
King Investment Advisors Inc/tx's most significant position changes for 2015-12-31: Sold out: Amc Global Media INC (AMCX); Sold out: Popular INC (BPOP); Sold out: Avenue Financial Holdings INC; Sold out: Ally Financial INC (ALLY); Sold out: Iac/interactivecorp (IACIEUR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | T | At&t INC | +29.6% | -1.49% | Trim |
| 2 | VZ | Verizon Communications INC | +4.8% | -6.90% | Trim |
| 3 | IBM | Intl Business Machines CORP | +2% | — | Unchanged |
| 4 | CMCSA | Comcast Corp-class A | +1.8% | — | Unchanged |
| 5 | AMCX | Amc Global Media INC | — | EXIT | Sold out |
| 6 | BPOP | Popular INC | — | EXIT | Sold out |
| 7 | ✓ | Avenue Financial Holdings INC | — | EXIT | Sold out |
| 8 | ALLY | Ally Financial INC | — | EXIT | Sold out |
| 9 | IACIEUR | Iac/interactivecorp | — | EXIT | Sold out |
| 10 | ✓ | Outerwall INC | — | EXIT | Sold out |
| 11 | C | Citigroup INC | — | EXIT | Sold out |
| 12 | HTZ | Hertz Global Holdings, Inc. | — | EXIT | Sold out |
| 13 | VYX | Ncr Voyix CORP | — | EXIT | Sold out |
| 14 | 2362120D | Sinclair Broadcast Group LLC | — | EXIT | Sold out |
| 15 | SNI | Scripps Networks Inter-cl A | — | EXIT | Sold out |
| 16 | ADT | ADT Inc. | — | EXIT | Sold out |
| 17 | DISCAUSD | Discovery INC - A | — | EXIT | Sold out |
| 18 | WBK | Westpac Banking Corp-sp Adr | — | EXIT | Sold out |
| 19 | CAR | Avis Budget Group INC | — | EXIT | Sold out |
| 20 | REFI | Chicago Atlantic Real Estate Finance, Inc. | — | EXIT | Sold out |
| 21 | AAPL | Apple INC | — | EXIT | Sold out |
| 22 | UTHR | United Therapeutics CORP | — | EXIT | Sold out |
| 23 | MSFT | Microsoft CORP | — | EXIT | Sold out |
| 24 | GILD | Gilead Sciences INC | — | EXIT | Sold out |
| 25 | KKR | KKR & Co. Inc. | — | EXIT | Sold out |
| 26 | BAC | Bank of America Corporation | — | EXIT | Sold out |
| 27 | SLG | SL Green Realty Corp. | — | EXIT | Sold out |
| 28 | ARCC 5.75 02-01-16 | Ares Capital CORP | — | EXIT | Sold out |
| 29 | MFIC 5.75 01-15-16 | Apollo Investment CORP | — | EXIT | Sold out |
| 30 | STWD 4.55 03-01-18 | Starwood Property Trust | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2015-12-31 | 2016-01-29 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-04 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-11-02 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-13 | Amendment | View on EDGAR |
| 2014-12-31 | 2015-02-12 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-14 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-18 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-15 | 13F-HR | View on EDGAR |
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