BEACH INVESTMENT COUNSEL INC/PA

CIK

1058800

Location

WEST CONSHOHOCKEN, PA

Portfolio Value

Small $614,510,385

Diversification

Diversified

Filing Date

Global Rank

#2,761 / 8,136 ▼ 75 · as of Mar 2025

Top Industry

Oil & Gas Midstream 24.5%

Period ended 1 year ago

Filed Apr 14, 2025 · 1y

21 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 50.5%, 25.8 effective positions, active share 70.5% against the S&P 500 as of 2025-03-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

10.7% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.8 quarters (12+), a floor since 48.0% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2025-03-31, active share 70.5%; sector active share 45.4% against the combined 13F book's sector weights.

Over time 21 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

108 tracked positions · as of Mar 31, 2025 · Δ vs Dec 31, 2024

Top Position

11.2%

+1.5 pts

Top 5

33.3%

−0.2 pts

Top 10

50.5%

−0.5 pts

HHI

387

Diversified+18

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Energy	24.4%	$149,829,855	10
Financial Services	18.5%	$113,844,706	22
Utilities	17.7%	$108,777,735	11
Communication Services	7.5%	$46,334,295	6
Consumer Defensive	6.0%	$37,170,189	10
Technology	5.7%	$35,277,948	10
Real Estate	5.4%	$33,256,115	6
Consumer Cyclical	5.0%	$30,904,786	3
Healthcare	3.5%	$21,252,458	12
Industrials	2.6%	$16,165,177	12
Basic Materials	2.1%	$12,819,390	4
Unclassified	1.4%	$8,877,731	2

Last Quarter's Activity

Export CSV

Mar 31, 2025 vs Dec 31, 2024

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
BAC	Bank Of America Corp	+173,935	371,688	$15,510,540
PCG	PG&E Corp	+130,285	575,052	$9,879,393
MDLZ	Mondelez International, Inc.	+47,723	114,140	$7,744,399
PPL	PPL Corp	+23,138	206,976	$7,473,903
HHH	Howard Hughes Holdings Inc.	+6,326	112,698	$8,348,667
BUD	Anheuser-Busch InBev SA	+1,100	28,640	$1,763,078
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
XIFR	XPLR Infrastructure, LP	−377,703	25,470	$241,965
—		−169,723	241,282	$2,094
HR	Healthcare Realty Trust Inc	−140,448	1,109,343	$18,747,896
ET	Energy Transfer LP	−84,657	2,666,295	$49,566
EPD	Enterprise Products Partners L.P.	−54,180	2,021,932	$69,028,758
CRH	Crh Public Ltd Co	−52,522	116,802	$10,275,071
APO	Apollo Global Management, Inc.	−51,381	88,017	$12,053,047
NEE	Nextera Energy Inc	−41,471	349,117	$24,748,904
C	Citigroup Inc	−38,548	198,261	$14,074,548
CNP	Centerpoint Energy Inc	−38,136	215,466	$7,806,333
VST	Vistra Corp.	−34,912	284,086	$33,363,059
KO	Coca Cola Co	−32,917	245,049	$17,550,409
MPLX	Mplx LP	−20,446	848,333	$45,402,782
AMZN	Amazon Com Inc	−17,624	159,054	$30,261,614
NVDA	Nvidia Corp	−16,553	13,272	$1,438,419
GOOGL	Alphabet Inc.	−13,751	153,784	$23,781,157
CWEN	Clearway Energy, Inc.	−11,938	404,328	$12,239,008
JPM	Jpmorgan Chase & Co	−10,336	72,055	$17,675,091
DIS	Walt Disney Co	−9,299	4,210	$415,527
WY	Weyerhaeuser Co	−6,900	119,550	$3,500,424
BIP	Brookfield Infrastructure Partners L.P.	−3,975	82,623	$2,461,339
BAESY	Bae Systems PLC	−3,688	98,678	$8,114,291
MSFT	Microsoft Corp	−3,302	43,398	$16,291,175
LNG	Cheniere Energy, Inc.	−3,096	115,895	$26,818,103
NGG	National Grid PLC	−3,000	31,808	$2,086,922
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
NEM	NEWMONT Corp	34,535	$1,667,349
BDN	Brandywine Realty Trust	370,263	$1,651,372
PRGO	PERRIGO Co plc	54,428	$1,526,161
SCHW	Schwab Charles Corp	2,656	$207,911
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
BSX	Boston Scientific Corp	116,921	$10,443,383
DUOL	Duolingo, Inc.	6,352	$2,059,508
CCS	Century Communities, Inc.	14,587	$1,070,102
DOC	Healthpeak Properties, Inc.	21,215	$430,028
BIPC	Brookfield Infrastructure Corp	9,923	$397,019
EONGY	E.On SE	24,350	$283,434
SEG	Seaport Entertainment Group Inc.	8,052	$225,053
INTC	Intel Corp	10,392	$208,359
BN	BROOKFIELD Corp	3,500	$201,075
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

108 tracked positions · $614,510,385 total · filing declares 118 positions · $679,435 · as of Mar 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 108 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
EPD	Enterprise Products Partners L.P. Energy	Reduced	2,021,932	-54,180	$69,028,758	+6.0%	13	unpriced	11.23%
MPLX	Mplx LP Energy	Reduced	848,333	-20,446	$45,402,782	+9.2%	13	$32.98	7.39%
VST	Vistra Corp. Utilities	Reduced	284,086	-34,912	$33,363,059	−24.1%	21+	before history	5.43%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	159,054	-17,624	$30,261,614	−21.9%	21+	before history	4.92%
LNG	Cheniere Energy, Inc. Energy	Reduced	115,895	-3,096	$26,818,103	+4.9%	4	$179.55	4.36%
NEE	Nextera Energy Inc Utilities	Reduced	349,117	-41,471	$24,748,904	−11.6%	13	$68.87	4.03%
GOOGL	Alphabet Inc. Communication Services	Reduced	153,784	-13,751	$23,781,157	−25.0%	21+	before history	3.87%
HR	Healthcare Realty Trust Inc Real Estate	Reduced	1,109,343	-140,448	$18,747,896	−11.5%	8	unpriced	3.05%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	72,055	-10,336	$17,675,091	−10.5%	21+	before history	2.88%
KO	Coca Cola Co Consumer Defensive	Reduced	245,049	-32,917	$17,550,409	+1.4%	21+	before history	2.86%
META	Meta Platforms, Inc. Communication Services	Reduced	29,072	-340	$16,755,937	−2.7%	21+	before history	2.73%
MSFT	Microsoft Corp Technology	Reduced	43,398	-3,302	$16,291,175	−17.2%	21+	before history	2.65%
MA	Mastercard Inc Financial Services	Reduced	28,905	-718	$15,843,408	+1.6%	11	$346.62	2.58%
BAC	Bank Of America Corp Financial Services	Added	371,688	+173,935	$15,510,540	+78.5%	21+	before history	2.52%
C	Citigroup Inc Financial Services	Reduced	198,261	-38,548	$14,074,548	−15.6%	21+	before history	2.29%
V	Visa Inc. Financial Services	Reduced	39,587	-975	$13,873,660	+8.2%	21+	before history	2.26%
CWEN	Clearway Energy, Inc. Utilities	Reduced	404,328	-11,938	$12,239,008	+13.1%	13	unpriced	1.99%
APO	Apollo Global Management, Inc. Financial Services	Reduced	88,017	-51,381	$12,053,047	−47.6%	8	unpriced	1.96%
AAPL	Apple Inc. Technology	Reduced	51,495	-1,945	$11,438,584	−14.5%	21+	before history	1.86%
CRH	Crh Public Ltd Co Basic Materials	Reduced	116,802	-52,522	$10,275,071	−34.4%	7	$57.13	1.67%
PCG	PG&E Corp Utilities	Added	575,052	+130,285	$9,879,393	+10.1%	8	$17.24	1.61%
HHH	Howard Hughes Holdings Inc. Real Estate	Added	112,698	+6,326	$8,348,667	+2.0%	7	unpriced	1.36%
DTE	Dte Energy Co Utilities	Reduced	59,650	-1,918	$8,247,805	+10.9%	13	$116.46	1.34%
BAESY	Bae Systems PLC Industrials	Reduced	98,678	-3,688	$8,114,291	+38.7%	16	unpriced	1.32%
CNP	Centerpoint Energy Inc Utilities	Reduced	215,466	-38,136	$7,806,333	−3.0%	13	$28.19	1.27%
MDLZ	Mondelez International, Inc. Consumer Defensive	Added	114,140	+47,723	$7,744,399	+95.2%	21+	before history	1.26%
SPY	Spdr S&P 500 ETF Trust	Held	13,410	0	$7,501,419	−4.6%	21+	before history	1.22%
PPL	PPL Corp Utilities	Added	206,976	+23,138	$7,473,903	+25.2%	4	$29.70	1.22%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	34,126	-1,107	$5,998,327	−11.7%	20	$139.37	0.98%
KKR	KKR & Co. Inc. Financial Services	Reduced	45,600	-1,500	$5,271,816	−24.3%	21+	before history	0.86%
JNJ	Johnson & Johnson Healthcare	Reduced	30,794	-1,645	$5,106,876	+8.9%	21+	before history	0.83%
BX	Blackstone Inc. Financial Services	Reduced	28,236	-730	$3,946,828	−21.0%	21+	before history	0.64%
WY	Weyerhaeuser Co Real Estate	Reduced	119,550	-6,900	$3,500,424	−1.7%	13	$39.45	0.57%
WMB	Williams Companies, Inc. Energy	Held	56,781	0	$3,393,232	+10.4%	13	$30.56	0.55%
MRK	Merck & Co., Inc. Healthcare	Reduced	34,433	-1,042	$3,090,706	−12.4%	21+	before history	0.50%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	17,873	-1,105	$3,045,916	−4.3%	21+	before history	0.50%
NVS	Novartis AG Healthcare	Reduced	26,347	-1,219	$2,937,163	+9.5%	21+	before history	0.48%
GOOG	Alphabet Inc. Communication Services	Reduced	18,280	-300	$2,855,884	−19.3%	21+	before history	0.46%
TMO	Thermo Fisher Scientific Inc. Healthcare	Held	5,350	0	$2,662,160	−4.3%	21+	before history	0.43%
BIP	Brookfield Infrastructure Partners L.P. Utilities	Reduced	82,623	-3,975	$2,461,339	−10.6%	21+	before history	0.40%
UBS	UBS Group AG Financial Services	Held	71,775	0	$2,198,468	+1.0%	21+	before history	0.36%
PAGP	Plains Gp Holdings LP Energy	Reduced	101,142	-845	$2,160,393	+15.3%	13	$11.47	0.35%
LLY	ELI LILLY & Co Healthcare	Held	2,610	0	$2,155,625	+7.0%	21+	before history	0.35%
DTEGY	Deutsche Telekom AG Communication Services	Reduced	58,150	-1,149	$2,155,620	+21.8%	13	$18.95	0.35%
CSCO	Cisco Systems, Inc. Technology	Held	34,918	0	$2,154,789	+4.2%	21+	before history	0.35%
PEP	Pepsico Inc Consumer Defensive	Reduced	14,025	-250	$2,102,908	−3.1%	21+	before history	0.34%
NGG	National Grid PLC Utilities	Reduced	31,808	-3,000	$2,086,922	+0.9%	13	$73.32	0.34%
MDT	Medtronic plc Healthcare	Reduced	21,232	-1,550	$1,907,907	+4.8%	21+	before history	0.31%
UL	Unilever PLC Consumer Defensive	Reduced	31,752	-2,800	$1,892,724	−3.5%	18	unpriced	0.31%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	3,552	-374	$1,891,724	+6.3%	21+	before history	0.31%

Showing the top 50 of 108 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.