BEACH INVESTMENT COUNSEL INC/PA

CIK 1058800 · View on SEC EDGAR ↗

Portfolio value
$679K
#9,207 of 9,443 by 13F value · top 97.5%
Positions
117
As of
March 31, 2025 Data as of Q1 2025

Portfolio value QoQ: -8.2% 13F does not disclose cash

Top 10 holdings weight
49.97%
Top 25 holdings weight
78.01%
Positions above 1%
29
Effective number of positions
27.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q1 2025: 2.93% Est. buys $20,825 · sells $68,315

New positions
8
Increased
5
Decreased
68
Closed
9
On this page

Sector breakdown

Energy
22.6%
Utilities
7.1%
Financials
5.6%
Real Estate
5.2%
Retail
4.8%
Technology
4.5%
Consumer Staples
4.3%
Financial Services
3.8%
Industrials
2.7%
Communication Services
2.5%
Healthcare
2.4%
Consumer products
0.5%
Materials
0.4%
Communications
0.3%
Consumer Discretionary
0.0%
Packaging
0.0%
Other/Unmapped
33.2%

Full portfolio 117 positions

Type Streak 8Q trend
EPD Enterprise Products Partners L.P. Common Stock $69,029 10.16% 2,021,932 $3,922 Down ×1
ET Energy Transfer LP Common Units $49,566 7.30% 2,666,295 $-4,325 Down ×1
Unknown issuer (CUSIP: 55336v100) $45,403 6.68% 848,333 $3,823 Down ×1
Unknown issuer (CUSIP: 92840m102) $33,363 4.91% 284,086 $-10,617 Down ×1
AMZN Amazon.com, Inc. - Common Stock $30,262 4.46% 159,054 $-8,499 Down ×1
LNG Cheniere Energy, Inc. Common Stock $26,818 3.95% 115,895 $1,250 Down ×1
NEE NextEra Energy, Inc. Common Stock $24,749 3.64% 349,117 $-3,252 Down ×1
Unknown issuer (CUSIP: 02079k305) $23,781 3.50% 153,784 $-7,933 Down ×1
HR Healthcare Realty Trust Incorporated Common Stock $18,748 2.76% 1,109,343 $-2,436 Down ×1
Unknown issuer (CUSIP: 46625h100) $17,675 2.60% 72,055 $-2,075 Down ×1
KO Coca-Cola Company (The) Common Stock $17,550 2.58% 245,049 $244 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $16,756 2.47% 29,072 $-465 Down ×1
MSFT Microsoft Corporation - Common Stock $16,291 2.40% 43,398 $-3,393 Down ×1
Unknown issuer (CUSIP: 57636q104) $15,843 2.33% 28,905 $244 Down ×1
BAC Bank of America Corporation Common Stock $15,511 2.28% 371,688 $6,820 Up ×1
C Citigroup, Inc. Common Stock $14,075 2.07% 198,261 $-2,594 Down ×1
Unknown issuer (CUSIP: 92826c839) $13,874 2.04% 39,587 $1,055 Down ×1
Unknown issuer (CUSIP: 18539c204) $12,239 1.80% 404,328 $1,416 Down ×1
APO Apollo Global Management, Inc. (New) Common Stock $12,053 1.77% 88,017 $-10,970 Down ×1
AAPL Apple Inc. - Common Stock $11,439 1.68% 51,495 $-1,943 Down ×1
CRH CRH PLC Ordinary Shares $10,275 1.51% 116,802 $-5,391 Down ×1
PCG Pacific Gas & Electric Co. Common Stock $9,879 1.45% 575,052 $904 Up ×1
HHH Howard Hughes Holdings Inc. Common Stock $8,349 1.23% 112,698 $167 Up ×1
DTE DTE Energy Company Common Stock $8,248 1.21% 59,650 $814 Down ×1
Unknown issuer (CUSIP: 05523r107) $8,114 1.19% 98,678 $2,263 Down ×1
Unknown issuer (CUSIP: 15189t107) $7,806 1.15% 215,466 $-241 Down ×1
MDLZ Mondelez International, Inc. - Class A Common Stock $7,744 1.14% 114,140 $3,777 Up ×1
SPY SPY $7,501 1.10% 13,410 $-358
Unknown issuer (CUSIP: 69351t106) $7,474 1.10% 206,976 $1,507 Up ×1
PNC PNC Financial Services Group, Inc. (The) Common Stock $5,998 0.88% 34,126 $-797 Down ×1
KKR KKR & Co. Inc. Common Stock $5,272 0.78% 45,600 $-1,695 Down ×1
JNJ Johnson & Johnson Common Stock $5,107 0.75% 30,794 $416 Down ×1
BX Blackstone Inc. Common Stock $3,947 0.58% 28,236 $-1,047 Down ×1
WY Weyerhaeuser Company Common Stock $3,500 0.52% 119,550 $-60 Down ×1
WMB Williams Companies, Inc. (The) Common Stock $3,393 0.50% 56,781 $320
NSRGY $3,317 0.49% 32,790 $451 Down ×1
Unknown issuer (CUSIP: 58933y105) $3,091 0.46% 34,433 $-438 Down ×1
PG Procter & Gamble Company (The) Common Stock $3,046 0.45% 17,873 $-136 Down ×1
NVS Novartis AG Common Stock $2,937 0.43% 26,347 $255 Down ×1
Unknown issuer (CUSIP: 02079k107) $2,856 0.42% 18,280 $-682 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $2,662 0.39% 5,350 $-121
Unknown issuer (CUSIP: 29286d105) $2,495 0.37% 127,950 $442 Down ×1
BIP Brookfield Infrastructure Partners LP Limited Partnership Units $2,461 0.36% 82,623 $-292 Down ×1
RHHBY $2,218 0.33% 53,910 $210 Down ×1
SIEGY $2,206 0.32% 19,121 $266 Down ×1
UBS UBS Group AG Registered Ordinary Shares $2,198 0.32% 71,775 $22
PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests $2,160 0.32% 101,142 $285 Down ×1
DTEGY $2,156 0.32% 58,150 $386 Down ×1
LLY Eli Lilly and Company Common Stock $2,156 0.32% 2,610 $141
CSCO Cisco Systems, Inc. - Common Stock $2,155 0.32% 34,918 $88
PEP PepsiCo, Inc. - Common Stock $2,103 0.31% 14,025 $-68 Down ×1
KW Kennedy-Wilson Holdings Inc. Common Stock $2,094 0.31% 241,282 $-2,012 Down ×1
NGG National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares $2,087 0.31% 31,808 $19 Down ×1
MDT Medtronic plc. Ordinary Shares $1,908 0.28% 21,232 $88 Down ×1
BRKB $1,892 0.28% 3,552 $112 Down ×1
ULXXXX $1,891 0.28% 31,752 $-68 Down ×1
UNP Union Pacific Corporation Common Stock $1,848 0.27% 7,821 $-172 Down ×1
NEM Newmont Corporation $1,667 0.25% 34,535 Up ×1
BDN Brandywine Realty Trust Common Stock $1,651 0.24% 370,263 Up ×1
Unknown issuer (CUSIP: g97822103) $1,526 0.22% 54,428 Up ×1
BUD Anheuser-Busch Inbev SA Sponsored ADR (Belgium) $1,440 0.21% 25,290 $64 Down ×1
NVDA NVIDIA Corporation - Common Stock $1,438 0.21% 13,272 $-2,567 Down ×1
Unknown issuer (CUSIP: 31428x106) $1,401 0.21% 5,748 $-261 Down ×1
IYW $1,376 0.20% 9,800 $-187
ADP Automatic Data Processing, Inc. - Common Stock $1,350 0.20% 4,420 $-102 Down ×1
RTX RTX Corporation Common Stock $1,055 0.16% 7,962 $134
XOM Exxon Mobil Corporation Common Stock $1,052 0.15% 8,846 $100
SYY Sysco Corporation Common Stock $1,045 0.15% 13,920 $-19
PLD Prologis, Inc. Common Stock $1,006 0.15% 8,996 $55
COST Costco Wholesale Corporation - Common Stock $986 0.15% 1,042 $-83 Down ×1
UOVEY $963 0.14% 17,105 Up ×1
IBDRY $884 0.13% 13,700 $60 Down ×1
ORCL Oracle Corporation Common Stock $839 0.12% 6,000 $-161
VEOEY $822 0.12% 47,700 $36 Down ×1
SPGI S&P Global Inc. Common Stock $813 0.12% 1,600 $16
DE Deere & Company Common Stock $803 0.12% 1,710 $51 Down ×1
BRKA $798 0.12% 1 $117
GWW W.W. Grainger, Inc. Common Stock $783 0.12% 793 $-58 Down ×1
IBM International Business Machines Corporation Common Stock $782 0.12% 3,144 $91
Unknown issuer (CUSIP: 49456b101) $715 0.11% 25,066 $-45 Down ×1
CB Chubb Limited Common Stock $636 0.09% 2,105 $54
AIG American International Group, Inc. New Common Stock $621 0.09% 7,142 $101
CVX Chevron Corporation Common Stock $617 0.09% 3,687 $83
OKE ONEOK, Inc. Common Stock $593 0.09% 5,977 $-123 Down ×1
LIN Linde plc - Ordinary Shares $582 0.09% 1,250 $59
EMR Emerson Electric Company Common Stock $565 0.08% 5,150 $-73
KMB Kimberly-Clark Corporation - Common Stock $538 0.08% 3,784 $36 Down ×1
AXP American Express Company Common Stock $519 0.08% 1,930 $-305 Down ×1
ABT Abbott Laboratories Common Stock $507 0.07% 3,820 $75
FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock $503 0.07% 5,150 $41 Down ×1
CAT Caterpillar, Inc. Common Stock $486 0.07% 1,473 $-70 Down ×1
STT State Street Corporation Common Stock $472 0.07% 5,268 $-50 Down ×1
Unknown issuer (CUSIP: 01881g106) $465 0.07% 12,125 $15
PFE Pfizer, Inc. Common Stock $420 0.06% 16,557 $-56 Down ×1
DIS Walt Disney Company (The) Common Stock $416 0.06% 4,210 $-1,088 Down ×1
Unknown issuer (CUSIP: 90353t100) $401 0.06% 5,500 $69
MET MetLife, Inc. Common Stock $393 0.06% 4,900 $-25 Down ×1
Unknown issuer (CUSIP: l8681t102) $370 0.05% 673 $69
WFC Wells Fargo & Company Common Stock $370 0.05% 5,158 $2 Down ×1
BNPQY $357 0.05% 8,550 Up ×1

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
NEM $1,667 34,535 0.25%
BDN $1,651 370,263 0.24%
Unknown issuer (CUSIP: g97822103) $1,526 54,428 0.22%
UOVEY $963 17,105 0.14%
BNPQY $357 8,550 0.05%
XIFR $242 25,470 0.04%
SCHW $208 2,656 0.03%
SCGLY $172 19,000 0.03%

Top movers (QoQ)

Security Action Shares Δ Value Δ
APO Trimmed -51K -$11K
Trimmed -35K -$11K
AMZN Trimmed -18K -$8K
Trimmed -14K -$8K
BAC Bought more +174K +$7K
CRH Trimmed -53K -$5K
ET Trimmed -85K -$4K
EPD Trimmed -54K +$4K
Trimmed -20K +$4K
MDLZ Bought more +48K +$4K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
BSX March 31, 2025 116,921 $10,443 -51.0%
DUOL March 31, 2025 6,352 $2,060 -53.3%
CCS March 31, 2025 14,587 $1,070 4.4%
DOC March 31, 2025 21,215 $430 4.7%
BIPC March 31, 2025 9,923 $397 9.9%
EONGY March 31, 2025 24,350 $283 No longer tracked
SEG March 31, 2025 8,052 $225 26.9%
INTC March 31, 2025 10,392 $208 304.8%
BN March 31, 2025 3,500 $201 20.1%