CIK: 0001697432
Total reported value
$73.6M
Reporting period: 2018-09-30 · Number of holdings: 36
Franklin Square Holdings, L.P. disclosed 36 holdings in its latest 13F filing for the period ending 2018-09-30, with total reported value of $73.6M and a quarterly turnover rate of 51.2%.
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Franklin Square Holdings, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.119 — mathematically equivalent to about 8 equally-sized positions, well below its 36 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 1.67), 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.
Trim EVAUSD
0.0% $1.7M
Add ENB
+600.8% $2.3M
Trim ANDX
-66.8% -$758.0K
Trim SPY
+16.0% -$495.0K
Trim PBA
-13.6% -$299.0K
Trim IWM
+18.6% -$319.0K
Showing top 31 holdings (of 36 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | EVAUSD | Enviva Partners LP | Stock-Other | 27.81% | -4.38% | — | |
| 2 | NOG1EUR | Northern Oil And Gas INC | Stock-Other | 16.85% | +16.85% | NEW | |
| 3 | ET | Energy Transfer LP | Stock-Energy | 3.99% | +0.45% | +17.67% | |
| 4 | ENB | Enbridge Inc. | Stock-Energy | 3.56% | +2.98% | +600.84% | |
| 5 | TCPA | TransCanada PipeLines Limited 6 | Stock-Other | 3.55% | -0.87% | +8.40% | |
| 6 | WMB | Williams Cos INC | Stock-Energy | 3.43% | -0.77% | +1.42% | |
| 7 | KMI | Kinder Morgan INC | Stock-Energy | 3.25% | -0.78% | -0.91% | |
| 8 | R6C2 | Royal Dutch Shell-spon Adr-b | Stock-Other | 3.20% | -1.01% | -2.67% | |
| 9 | PAGP | Plains Gp Holdings Lp-cl A | Stock-Energy | 2.60% | -0.02% | +21.03% | |
| 10 | BP | Bp Plc-spons Adr | Stock-Energy | 2.56% | -0.76% | -4.96% | |
| 11 | TTEN | Totalenergies Se -spon Adr | Stock-Other | 2.56% | -0.14% | +10.79% | |
| 12 | TRGP | Targa Resources CORP | Stock-Energy | 2.47% | -0.84% | -18.78% | |
| 13 | PBA | Pembina Pipeline CORP | Stock-Energy | 2.27% | -1.11% | -13.55% | |
| 14 | NBLXUSD | Noble Midstream Partners LP | Stock-Other | 2.03% | +0.46% | +114.53% | |
| 15 | D | Dominion Energy INC | Stock-Utilities | 1.98% | -0.07% | +18.86% | |
| 16 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.97% | -1.07% | +18.60% | |
| 17 | ✓ | Cnx Midstream Pa | Stock-Other | 1.92% | +1.92% | NEW | |
| 18 | TEGPUSD | Tallgrass Energy LP | Stock-Other | 1.51% | -0.12% | +5.83% | |
| 19 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.32% | -1.20% | +16.00% | |
| 20 | WES | Western Midstream Partners, LP | Stock-Energy | 1.28% | -0.87% | -18.96% | |
| 21 | OXY | Occidental Petroleum CORP | Stock-Energy | 1.28% | +1.28% | NEW | |
| 22 | EQMUSD | Eqm Midstream Partners LP | Stock-Other | 1.24% | +1.24% | NEW | |
| 23 | AM | Antero Midstream Corporation | Stock-Energy | 1.24% | +0.51% | +117.36% | |
| 24 | HESM | Hess Midstream LP | Stock-Other | 1.21% | — | +7.89% | |
| 25 | ✓ | Barclays Bk PLC | Stock-Other | 0.86% | +0.27% | -20.00% | |
| 26 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.74% | +0.74% | NEW | |
| 27 | AM | Antero Midstream Corporation | Stock-Energy | 0.68% | -0.61% | -28.12% | |
| 28 | ✓ | Stock-Other | 0.67% | -0.67% | -47.60% | ||
| 29 | EQT | EQT Corporation | Stock-Energy | 0.66% | +0.66% | NEW | |
| 30 | 0E41 | Enlink Midstream LLC | Stock-Other | 0.66% | +0.07% | +35.14% | |
| 31 | ANDX | Andeavor Logistics LP | Stock-Other | 0.66% | -1.47% | -66.80% |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2018-09-30 | 36 | $73.6M | 51 | |
| 2018-06-30 | 30 | $58.2M | 77 | |
| 2018-03-31 | 30 | $77.0M | 67 | |
| 2017-12-31 | 32 | $124.1M | 14 | |
| 2017-09-30 | 30 | $117.9M | 22 | |
| 2017-06-30 | 32 | $101.3M | 29 | |
| 2017-03-31 | 30 | $100.2M | 88 | |
| 2016-12-31 | 8 | $137.8M | 0 |
Franklin Square Holdings, L.P.'s most significant position changes for 2018-09-30: New buy: Northern Oil And Gas INC (NOG1EUR); Sold out: Warrior Met Coal INC (HCC); New buy: Cnx Midstream Pa; New buy: Occidental Petroleum CORP (OXY); New buy: Eqm Midstream Partners LP (EQMUSD).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ENB | Enbridge Inc. | +3% | +600.84% | Add |
| 2 | AM | Antero Midstream Corporation | +0.5% | +117.36% | Add |
| 3 | NBLXUSD | Noble Midstream Partners LP | +0.5% | +114.53% | Add |
| 4 | ET | Energy Transfer LP | +0.5% | +17.67% | Add |
| 5 | ✓ | Barclays Bk PLC | +0.3% | -20.00% | Trim |
| 6 | 0E41 | Enlink Midstream LLC | +0.1% | +35.14% | Add |
| 7 | HESM | Hess Midstream LP | — | +7.89% | Add |
| 8 | PAGP | Plains Gp Holdings Lp-cl A | 0% | +21.03% | Add |
| 9 | D | Dominion Energy INC | -0.1% | +18.86% | Add |
| 10 | TEGPUSD | Tallgrass Energy LP | -0.1% | +5.83% | Add |
| 11 | TTEN | Totalenergies Se -spon Adr | -0.1% | +10.79% | Add |
| 12 | AM | Antero Midstream Corporation | -0.6% | -28.12% | Trim |
| 13 | ✓ | -0.7% | -47.60% | Trim | |
| 14 | BP | Bp Plc-spons Adr | -0.8% | -4.96% | Trim |
| 15 | WMB | Williams Cos INC | -0.8% | +1.42% | Add |
| 16 | KMI | Kinder Morgan INC | -0.8% | -0.91% | Trim |
| 17 | TRGP | Targa Resources CORP | -0.8% | -18.78% | Trim |
| 18 | WES | Western Midstream Partners, LP | -0.9% | -18.96% | Trim |
| 19 | TCPA | TransCanada PipeLines Limited 6 | -0.9% | +8.40% | Add |
| 20 | R6C2 | Royal Dutch Shell-spon Adr-b | -1% | -2.67% | Trim |
| 21 | IWM | Ishares Russell 2000 ETF | -1.1% | +18.60% | Add |
| 22 | PBA | Pembina Pipeline CORP | -1.1% | -13.55% | Trim |
| 23 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.2% | +16.00% | Add |
| 24 | ANDX | Andeavor Logistics LP | -1.5% | -66.80% | Trim |
| 25 | EVAUSD | Enviva Partners LP | -4.4% | — | Unchanged |
| 26 | NOG1EUR | Northern Oil And Gas INC | — | NEW | New buy |
| 27 | HCC | Warrior Met Coal INC | — | EXIT | Sold out |
| 28 | ✓ | Cnx Midstream Pa | — | NEW | New buy |
| 29 | OXY | Occidental Petroleum CORP | — | NEW | New buy |
| 30 | EQMUSD | Eqm Midstream Partners LP | — | NEW | New buy |
| 31 | CQP | Cheniere Energy Partners, L.P. | — | EXIT | Sold out |
| 32 | KRSP | Rice Acquisition Corporation 3 | — | EXIT | Sold out |
| 33 | MPC | Marathon Petroleum CORP | — | NEW | New buy |
| 34 | EQT | EQT Corporation | — | NEW | New buy |
| 35 | WES | Western Midstream Partners, LP | — | EXIT | Sold out |
| 36 | D | Dominion Energy, Inc. | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-16 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-14 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-14 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-13 | 13F-HR | View on EDGAR |
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