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Center Coast Capital Advisors, LP

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$3.7B

Reporting period: 2017-12-31 · Number of holdings: 45

Center Coast Capital Advisors, LP disclosed 45 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $3.7B and a quarterly turnover rate of 20.4%.

Personality snowflake

Concentration
19.49
Portfolio Stability
20.37
Momentum/Contrarian
100
Sector conviction
0
Diversification
90
Sizing Uniformity
88.96

Recent moves

  • Trim EPD

    -25.6%　-$73.0M

  • Trim PAA

    -27.2%　-$56.4M

  • Trim ENB

    -22.9%　-$34.8M

  • Trim NSUSD

    +6.6%　-$40.4M

  • Add 84756N109

    +15.4%　$5.7M

  • Add AMLPUSD

    +2362110.0%　$20.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1MPLXMplx LPStock-Energy7.23%-0.40%-13.84%
2ETEnergy Transfer LPStock-Energy7.20%+0.07%-5.11%
3ANDXAndeavor Logistics LPStock-Other7.19%-0.36%-4.96%
4TRGPTarga Resources CORPStock-Energy6.26%-0.07%-10.94%
5EPDEnterprise Products PartnersStock-Energy6.11%-1.33%-25.59%
6✓ Williams Partners LPStock-Other6.10%-0.06%-8.47%
7✓ Stock-Other5.60%+0.58%+15.40%
8WESWestern Midstream Partners, LPStock-Energy5.54%+0.38%+5.33%
9✓ Stock-Other5.47%-0.36%-5.66%
10TCPTc Pipelines LPStock-Other5.15%-0.08%-10.71%
11BPLUSDBuckeye Partners LPStock-Other4.77%-0.15%+2.91%
12NSUSDNustar Energy LPStock-Other4.00%-0.69%+6.59%
13WEPMagellan Midstream PartnersStock-Other3.73%-0.08%-9.80%
14PAAPlains All Amer Pipeline LPStock-Energy3.70%-1.11%-27.16%
15DCPUSDDcp Midstream LPStock-Other2.85%-0.18%-17.54%
16OKEOneok INCStock-Energy2.39%-0.08%-7.55%
17PSXPUSDPhillips 66 Partners LPStock-Other2.21%+0.46%+16.86%
18ENBEnbridge Inc.Stock-Energy1.87%-0.71%-22.92%
19EQMUSDEqm Midstream Partners LPStock-Other1.56%+1.56%NEW
20PAGPPlains Gp Holdings Lp-cl AStock-Energy1.14%+1.14%NEW
21✓ Nustar Gp Holdings LLCStock-Other1.00%+0.36%+101.24%
22SEMGUSDSemgroup Corp-class AStock-Other1.00%+1.00%NEW
23CEQPUSDCrestwood Equity Partners LPStock-Other0.80%-0.34%-38.97%
24SMLPUSDSummit Midstream Partners LPStock-Other0.80%+0.08%—
25USACUSA Compression Partners LPStock-Other0.78%—-7.09%
26WESWestern Midstream Partners, LPStock-Energy0.75%-0.13%-12.82%
27MMLPMartin Midstream Partners LPStock-Other0.74%-0.02%+0.43%
28ENBLUSDEnable Midstream Partners LPStock-Other0.61%-0.21%-23.16%
29AMLPUSDAlerian Mlp ETFETF-Other0.55%+0.55%+2362110.00%
30VLOValero Energy CorporationStock-Energy0.54%-0.05%-16.96%
31SHLXUSDShell Midstream Partners LPStock-Other0.54%-0.18%-35.88%
32DDominion Energy, Inc.Stock-Utilities0.51%-0.10%-19.56%
33✓ Boardwalk Pipeline PartnersStock-Other0.49%+0.49%+74627.99%
34ENBEnbridge Inc.Stock-Energy0.46%+0.46%NEW
35USDPUsd Partners LPStock-Other0.29%+0.29%NEW
36NBLXUSDNoble Midstream Partners LPStock-Other0.04%+0.04%+5469.69%
37HESMHess Midstream LPStock-Other0.02%+0.02%+4042.54%
38AMIDUSDAmerican Midstream PartnersStock-Other0.01%+0.01%NEW
39✓ Southcross Energy Partners LStock-Other0.01%+0.01%NEW
40ALDWUSDAlon USA Partners LPStock-Other——NEW
41EMLPFirst Trust North American EETF-Other——NEW
42WMBWilliams Cos INCStock-Energy——+0.71%
43KMIKinder Morgan INCStock-Energy——+3.60%
44ETEnergy Transfer LPStock-Energy——NEW
45AMAntero Midstream CorporationStock-Energy—-0.04%-99.94%

Holding changes this quarter

Center Coast Capital Advisors, LP's most significant position changes for 2017-12-31: New buy: Eqm Midstream Partners LP (EQMUSD); New buy: Plains Gp Holdings Lp-cl A (PAGP); New buy: Semgroup Corp-class A (SEMGUSD); Sold out: Pbf Logistics LP (PBFXUSD); New buy: Enbridge Inc. (ENB).

Position changes disclosed by Center Coast Capital Advisors, LP for the quarter ending 2017-12-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1✓ +0.6%+15.40%Add
2AMLPUSDAlerian Mlp ETF+0.6%+2362110.00%Add
3✓ Boardwalk Pipeline Partners+0.5%+74627.99%Add
4PSXPUSDPhillips 66 Partners LP+0.5%+16.86%Add
5WESWestern Midstream Partners, LP+0.4%+5.33%Add
6✓ Nustar Gp Holdings LLC+0.4%+101.24%Add
7SMLPUSDSummit Midstream Partners LP+0.1%—Unchanged
8ETEnergy Transfer LP+0.1%-5.11%Trim
9NBLXUSDNoble Midstream Partners LP0%+5469.69%Add
10HESMHess Midstream LP0%+4042.54%Add
11USACUSA Compression Partners LP—-7.09%Trim
12WMBWilliams Cos INC—+0.71%Add
13KMIKinder Morgan INC—+3.60%Add
14MMLPMartin Midstream Partners LP0%+0.43%Add
15AMAntero Midstream Corporation0%-99.94%Trim
16VLOValero Energy Corporation-0.1%-16.96%Trim
17✓ Williams Partners LP-0.1%-8.47%Trim
18TRGPTarga Resources CORP-0.1%-10.94%Trim
19TCPTc Pipelines LP-0.1%-10.71%Trim
20WEPMagellan Midstream Partners-0.1%-9.80%Trim
21OKEOneok INC-0.1%-7.55%Trim
22DDominion Energy, Inc.-0.1%-19.56%Trim
23WESWestern Midstream Partners, LP-0.1%-12.82%Trim
24BPLUSDBuckeye Partners LP-0.2%+2.91%Add
25DCPUSDDcp Midstream LP-0.2%-17.54%Trim
26SHLXUSDShell Midstream Partners LP-0.2%-35.88%Trim
27ENBLUSDEnable Midstream Partners LP-0.2%-23.16%Trim
28CEQPUSDCrestwood Equity Partners LP-0.3%-38.97%Trim
29ANDXAndeavor Logistics LP-0.4%-4.96%Trim
30✓ -0.4%-5.66%Trim
31MPLXMplx LP-0.4%-13.84%Trim
32NSUSDNustar Energy LP-0.7%+6.59%Add
33ENBEnbridge Inc.-0.7%-22.92%Trim
34PAAPlains All Amer Pipeline LP-1.1%-27.16%Trim
35EPDEnterprise Products Partners-1.3%-25.59%Trim
36EQMUSDEqm Midstream Partners LP—NEWNew buy
37PAGPPlains Gp Holdings Lp-cl A—NEWNew buy
38SEMGUSDSemgroup Corp-class A—NEWNew buy
39PBFXUSDPbf Logistics LP—EXITSold out
40ENBEnbridge Inc.—NEWNew buy
41USDPUsd Partners LP—NEWNew buy
42WDCWestern Digital Corporation—EXITSold out
43WLKPWestlake Chemical Partners L—EXITSold out
44✓ —EXITSold out
45AMIDUSDAmerican Midstream Partners—NEWNew buy
46✓ Southcross Energy Partners L—NEWNew buy
47ALDWUSDAlon USA Partners LP—NEWNew buy
48EMLPFirst Trust North American E—NEWNew buy
49EQTEQT Corporation—EXITSold out
50ETEnergy Transfer LP—NEWNew buy

FAQ

What is Center Coast Capital Advisors, LP and what type of investor is it?
Center Coast Capital Advisors, LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-12-31), the firm manages a tracked equity portfolio valued at approximately $3.7B, spread across 45 disclosed positions.
What are Center Coast Capital Advisors, LP's largest equity positions?
Based on the latest 13F filing, Center Coast Capital Advisors, LP's top holdings by market value are: 1. Mplx LP (MPLX) — $268.7M (7.2%) 2. Energy Transfer LP (ET) — $267.5M (7.2%) 3. Andeavor Logistics LP (ANDX) — $267.1M (7.2%) 4. Targa Resources CORP (TRGP) — $232.8M (6.3%) 5. Enterprise Products Partners (EPD) — $227.0M (6.1%)
What changes did Center Coast Capital Advisors, LP make in its most recent portfolio filing?
In the latest reported quarter, Center Coast Capital Advisors, LP made 49 notable position adjustments: 10 new positions were initiated, 13 existing holdings were added to, 21 positions were partially reduced, and 5 were completely exited. The largest of these moves: New buy: Eqm Midstream Partners LP (EQMUSD); New buy: Plains Gp Holdings Lp-cl A (PAGP); New buy: Semgroup Corp-class A (SEMGUSD); Sold out: Pbf Logistics LP (PBFXUSD); New buy: Enbridge Inc. (ENB)
What sectors does Center Coast Capital Advisors, LP focus on?
Center Coast Capital Advisors, LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Energy: 98.8% • Utilities: 1.2%