BEACH INVESTMENT COUNSEL INC/PA

CIK

1058800

Location

WEST CONSHOHOCKEN, PA

Portfolio Value

Small $658,954,149

Diversification

Diversified

Filing Date

Global Rank

#2,021 / 7,977 ▼ 30

Top Industry

Oil & Gas Midstream 30.3%

3Y Alpha vs SPY

-1.1%

Period ended 1 year ago

Filed Apr 14, 2025 · 1y

21 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+69.1%

SPY

+74.2%

Annualised alpha

-1.2%

Max drawdown

−17.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

10.5%

+1.3 pts

Top 5

34.5%

+0.2 pts

Top 10

51.5%

−1.2 pts

HHI

390

Diversified+6

Portfolio Trend

21 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2025

Sector	% Portfolio	Value	Positions
Energy	30.3%	$199,346,713	10
Financial Services	17.2%	$113,046,264	21
Utilities	16.5%	$108,535,770	10
Communication Services	6.6%	$43,478,411	5
Real Estate	5.4%	$35,348,348	6
Technology	5.4%	$35,277,948	10
Consumer Defensive	5.4%	$35,277,465	9
Consumer Cyclical	4.7%	$30,904,786	3
Healthcare	3.2%	$21,252,458	12
Industrials	2.5%	$16,165,177	12
Basic Materials	1.9%	$12,819,390	4
Unclassified	1.1%	$7,501,419	1

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 /De/	+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/NV	+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
KW	Kennedy-Wilson Holdings, Inc.	−169,723	241,282	$2,094,327
HR	Healthcare Realty Trust Inc	−140,448	1,109,343	$18,747,896
ET	Energy Transfer LP	−84,657	2,666,295	$49,566,424
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
BIPH	Brookfield Infrastructure Partners L.P.	−3,975	82,623	$2,461,339
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
KMI	Kinder Morgan, Inc.	−2,674	25,066	$715,132
CVS	CVS HEALTH Corp	−1,995	4,950	$335,362
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
BAESY	Bae Systems PLC /Fi/	98,678	$8,114,291
NEM	NEWMONT Corp /DE/	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 /ON/	3,500	$134,050
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

103 positions · $658,954,149 total · 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 103 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SCHW	Schwab Charles Corp Financial Services	NEW	2,656	NEW	$207,911	NEW	0.03%
PRU	Prudential Financial Inc Financial Services	Held	1,900	0	$212,192	−5.8%	0.03%
NRG	Nrg Energy, Inc. Utilities	Held	2,400	0	$229,104	+5.8%	0.03%
MMM	3M Co Industrials	Held	1,713	0	$251,571	+13.8%	0.04%
BA	Boeing Co Industrials	Held	1,574	0	$268,445	−3.6%	0.04%
MCK	Mckesson Corp Healthcare	Held	400	0	$269,196	+18.1%	0.04%
GLW	Corning Inc /Ny Technology	Held	5,900	0	$270,102	−3.7%	0.04%
ITW	Illinois Tool Works Inc Industrials	Held	1,115	0	$276,531	−2.2%	0.04%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	1,000	-50	$294,920	−3.2%	0.04%
CCK	Crown Holdings, Inc. Consumer Cyclical	Held	3,495	0	$311,963	+7.9%	0.05%
LDOS	Leidos Holdings, Inc. Technology	Held	2,320	0	$313,060	−6.3%	0.05%
GE	General Electric Co Industrials	Held	1,571	0	$314,435	+20.0%	0.05%
GPC	Genuine Parts Co Consumer Cyclical	Held	2,780	0	$331,209	+2.0%	0.05%
SYK	Stryker Corp Healthcare	Held	900	0	$335,025	+3.4%	0.05%
CVS	CVS HEALTH Corp Healthcare	Reduced	4,950	-1,995	$335,362	+7.6%	0.05%
SPOT	Spotify Technology S.A. Communication Services	Held	673	0	$370,170	+22.9%	0.06%
WFC	Wells Fargo & Company/Mn Financial Services	Reduced	5,158	-75	$370,292	+0.7%	0.06%
MET	Metlife Inc Financial Services	Reduced	4,900	-200	$393,421	−5.8%	0.06%
UBER	Uber Technologies, Inc Technology	Held	5,500	0	$400,730	+20.8%	0.06%
DIS	Walt Disney Co Communication Services	Reduced	4,210	-9,299	$415,527	−72.4%	0.06%
PFE	Pfizer Inc Healthcare	Reduced	16,557	-1,400	$419,554	−11.9%	0.06%
AB	Alliancebernstein Holding L.P. Financial Services	Held	12,125	0	$464,508	+3.3%	0.07%
STT	State Street Corp Financial Services	Reduced	5,268	-50	$471,644	−9.6%	0.07%
CAT	Caterpillar Inc Industrials	Reduced	1,473	-60	$485,795	−12.6%	0.07%
FMX	Mexican Economic Development Inc Consumer Defensive	Reduced	5,150	-250	$502,537	+8.9%	0.08%
ABT	Abbott Laboratories Healthcare	Held	3,820	0	$506,723	+17.3%	0.08%
AXP	American Express Co Financial Services	Reduced	1,930	-845	$519,266	−37.0%	0.08%
KMB	Kimberly Clark Corp Consumer Defensive	Reduced	3,784	-50	$538,160	+7.1%	0.08%
EMR	Emerson Electric Co Industrials	Held	5,150	0	$564,646	−11.5%	0.09%
LIN	Linde PLC Basic Materials	Held	1,250	0	$582,050	+11.2%	0.09%
OKE	Oneok Inc /New/ Energy	Reduced	5,977	-1,152	$593,037	−17.1%	0.09%
CVX	Chevron Corp Energy	Held	3,687	0	$616,798	+15.5%	0.09%
AIG	American International Group, Inc. Financial Services	Held	7,142	0	$620,925	+19.4%	0.09%
CB	Chubb Ltd Financial Services	Held	2,105	0	$635,688	+9.3%	0.10%
KMI	Kinder Morgan, Inc. Energy	Reduced	25,066	-2,674	$715,132	−5.9%	0.11%
IBM	International Business Machines Corp Technology	Held	3,144	0	$781,787	+13.1%	0.12%
GWW	W.W. Grainger, Inc. Industrials	Reduced	793	-5	$783,349	−6.9%	0.12%
DE	Deere & Co Industrials	Reduced	1,710	-65	$802,588	+6.7%	0.12%
SPGI	S&P Global Inc. Financial Services	Held	1,600	0	$812,960	+2.0%	0.12%
ORCL	Oracle Corp Technology	Held	6,000	0	$838,860	−16.1%	0.13%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	1,042	-125	$985,502	−7.8%	0.15%
PLD	Prologis, Inc. Real Estate	Held	8,996	0	$1,005,662	+5.8%	0.15%
SYY	Sysco Corp Consumer Defensive	Held	13,920	0	$1,044,556	−1.9%	0.16%
XOM	Exxon Mobil Corp Energy	Held	8,846	0	$1,052,054	+10.6%	0.16%
RTX	RTX Corp Industrials	Held	7,962	0	$1,054,646	+14.5%	0.16%
ADP	Automatic Data Processing Inc Technology	Reduced	4,420	-539	$1,350,442	−7.0%	0.20%
FDX	Fedex Corp Industrials	Reduced	5,748	-161	$1,401,247	−15.7%	0.21%
NVDA	Nvidia Corp Technology	Reduced	13,272	-16,553	$1,438,419	−64.1%	0.22%
PRGO	PERRIGO Co plc Healthcare	NEW	54,428	NEW	$1,526,161	NEW	0.23%
BDN	Brandywine Realty Trust Real Estate	NEW	370,263	NEW	$1,651,372	NEW	0.25%