BEACH INVESTMENT COUNSEL INC/PA

CIK

1058800

Location

WEST CONSHOHOCKEN, PA

Portfolio Value

Micro $43,478,411

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

5 positions · $43,478,411 total · Communication Services only · as of Mar 31, 2025

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	153,784	-13,751	$23,781,157	−25.0%	54.70%
META	Meta Platforms, Inc. Communication Services	Reduced	29,072	-340	$16,755,937	−2.7%	38.54%
DTEGY	Deutsche Telekom AG Communication Services	Reduced	58,150	-1,149	$2,155,620	+21.8%	4.96%
DIS	Walt Disney Co Communication Services	Reduced	4,210	-9,299	$415,527	−72.4%	0.96%
SPOT	Spotify Technology S.A. Communication Services	Held	673	0	$370,170	+22.9%	0.85%