Heronetta Management, L.P. 13F annual report
Heronetta Management, L.P. is an investment fund managing more than $156 billion ran by Henry Breck. There are currently 23 companies in Mr. Breck’s portfolio. The largest investments include Enterprise Prods Partners L and MPLX LP, together worth $31.9 billion.
$156 billion Assets Under Management (AUM)
As of 23rd July 2024, Heronetta Management, L.P.’s top holding is 574,048 shares of Enterprise Prods Partners L currently worth over $16.6 billion and making up 10.6% of the portfolio value.
In addition, the fund holds 358,364 shares of MPLX LP worth $15.3 billion, whose value grew 12.5% in the past six months.
The third-largest holding is Energy Transfer L P worth $14.5 billion and the next is Oneok worth $12.8 billion, with 157,052 shares owned.
Currently, Heronetta Management, L.P.'s portfolio is worth at least $156 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Heronetta Management, L.P.
The Heronetta Management, L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Henry Breck serves as the Managing Partner at Heronetta Management, L.P..
Recent trades
In the most recent 13F filing, Heronetta Management, L.P. revealed that it had opened a new position in
Transalta and bought 77,000 shares worth $747 million.
This means they effectively own approximately 0.1% of the company.
Transalta makes up
14.0%
of the fund's Utilities sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in MPLX LP by buying
20,500 additional shares.
This makes their stake in MPLX LP total 358,364 shares worth $15.3 billion.
MPLX LP dropped approximately 0.1% in the past year.
On the other hand, there are companies that Heronetta Management, L.P. is getting rid of from its portfolio.
Heronetta Management, L.P. closed its position in Algonquin Pwr Utils Corp on 30th July 2024.
It sold the previously owned 162,000 shares for $1.3 billion.
Henry Breck also disclosed a decreased stake in Enterprise Prods Partners L by approximately 0.1%.
This leaves the value of the investment at $16.6 billion and 574,048 shares.
One of the smallest hedge funds
The two most similar investment funds to Heronetta Management, L.P. are R.h. Dinel Investment Counsel and Hara Capital. They manage $156 billion and $156 billion respectively.
Henry Breck investment strategy
Heronetta Management, L.P.’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Energy — making up 50.4% of
the total portfolio value.
The fund focuses on investments in the United States as
34.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
52% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $30.3 billion.
The complete list of Heronetta Management, L.P. trades based on 13F SEC filings
These positions were updated on July 30th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Enterprise Prods Partners L |
6.86%
574,048
|
$16,635,911,000 | 10.64% |
| MPLX LP |
6.07%
358,364
|
$15,262,723,000 | 9.76% |
| Energy Transfer L P |
5.75%
891,554
|
$14,461,006,000 | 9.25% |
| Oneok Inc. |
17.62%
157,052
|
$12,807,591,000 | 8.19% |
| Williams Cos Inc |
No change
277,377
|
$11,788,523,000 | 7.54% |
| Pembina Pipeline Corporation |
No change
191,698
|
$9,488,482,000 | 6.07% |
| Canadian Nat Res Ltd |
84.38%
193,600
|
$9,434,128,000 | 6.03% |
| Enbridge Inc |
8.93%
197,374
|
$9,415,028,000 | 6.02% |
| Canadian Pacific Kansas City |
1.16%
85,300
|
$9,190,222,000 | 5.88% |
| Western Midstream Partners L |
4.10%
228,673
|
$9,085,178,000 | 5.81% |
| Canadian Natl Ry Co |
No change
52,000
|
$8,406,320,000 | 5.38% |
| Suncor Energy, Inc. |
No change
132,000
|
$6,883,800,000 | 4.40% |
| TC Energy Corporation |
3.40%
121,486
|
$6,146,899,000 | 3.93% |
| Fortis Inc. |
4.88%
86,000
|
$4,572,620,000 | 2.92% |
| Hess Midstream LP |
No change
104,455
|
$3,806,340,000 | 2.43% |
| Plains Gp Hldgs L P |
1.03%
196,395
|
$3,696,154,000 | 2.36% |
| Kinder Morgan Inc |
No change
95,125
|
$1,890,134,000 | 1.21% |
| Targa Res Corp |
No change
10,142
|
$1,306,087,000 | 0.84% |
| Algonquin Pwr Utils Corp |
Closed
162,000
|
$1,302,480,000 | |
| Transalta Corp. |
Opened
77,000
|
$746,900,000 | 0.48% |
| Cenovus Energy Inc |
No change
15,000
|
$403,350,000 | 0.26% |
| Cheniere Energy Inc. |
2.42%
2,113
|
$369,416,000 | 0.24% |
| Cheniere Energy Partners LP |
No change
5,810
|
$285,329,000 | 0.18% |
| Antero Midstream Corp |
No change
16,910
|
$249,253,000 | 0.16% |
| No transactions found | |||
| Showing first 500 out of 24 holdings | |||
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