Beach Investment Counsel Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 15, 2024), Beach Investment Counsel Inc. reported 143 stock positions worth $810.8 million. Its top holding was Enterprise Products Partners (EPD) at 7.5% of the portfolio, followed by Energy Transfer (ET, 5.0%) and XPLR Infrastructure (XIFR, 4.7%). Compared with Q4 2023, it added to 28 and reduced 6. The biggest buy was iShares Russell 1000 Growth (IWF, shares +13%) and the biggest sale Procter & Gamble (PG, shares −0%).

Most Recent 13F
Q1 2025
Location
WEST CONSHOHOCKEN, PA
CIK
0001058800
Portfolio Value
$810.8M (Q1 2024)
SEC Filing
0001058800-24-000002 ↗ filed Apr 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $810.8M $810.8M Q1 2024 Q2 2024: $812.1M Q2 2024 Q3 2024: $808.5M Q3 2024 Q4 2024: $739.9M Q4 2024 Q1 2025: $679.4M Q1 2025

Holdings 143 stocks · $810.8M
EPD Enterprise Products Partners 7.50% 2,307,989 $60.8M Add +0.0%
ET Energy Transfer LP 5.02% 2,950,069 $40.7M No change
XIFR XPLR Infrastructure LP filed as NEXTERA ENERGY PARTNERS LP 4.74% 1,263,197 $38.4M Add +0.0%
MPLX MPLX LP 4.07% 899,089 $33.0M No change
NEE Nextera Energy Inc. 3.89% 518,824 $31.5M No change
AMZN Amazon.com Inc. 3.73% 198,933 $30.2M No change
HR Healthcare Realty Trust Inc. 3.59% 1,691,594 $29.1M Add +0.0%
MSFT Microsoft Corp. 3.20% 69,047 $26.0M No change
GOOGL Alphabet Inc. Class A 2.85% 165,590 $23.1M No change
MDLZ Mondelez International Inc. Class A 2.82% 316,087 $22.9M No change
NSRGY Nestle SA-Spons ADR 2.73% 191,115 $22.1M No change
AAPL Apple Inc. 2.42% 102,109 $19.7M No change
KO The Coca-Cola Co. 2.41% 331,832 $19.6M No change
JPM JPMorgan Chase & Co. 2.31% 109,866 $18.7M No change
VST Vistra Corp. 1.95% 411,392 $15.8M No change
MA Mastercard Inc. Class A 1.64% 31,232 $13.3M No change
HHH Howard Hughes Holdings Inc. 1.62% 153,487 $13.1M Add +0.2%
CRH CRH PLC 1.54% 180,874 $12.5M No change
SHEL Shell PLC-ADR 1.54% 189,410 $12.5M No change
APO Apollo Global Management Inc. 1.49% 130,030 $12.1M No change
CNP Centerpoint Energy Inc. 1.47% 416,957 $11.9M No change
V Visa Inc. Class A 1.39% 43,362 $11.3M No change
KW Kennedy-Wilson Holdings Inc. 1.38% 902,176 $11.2M Add +0.1%
UNH Unitedhealth Group Inc. 1.24% 19,058 $10.0M No change
BSX Boston Scientific Corp. 1.21% 170,282 $9.8M No change
PCG P G & E Corp. 1.17% 525,601 $9.5M No change
DTE DTE Energy Company 1.14% 84,112 $9.3M No change
JNJ Johnson & Johnson 1.01% 52,188 $8.2M No change
META Meta Platforms Inc. Class A 0.97% 22,123 $7.8M No change
WY Weyerhaeuser Co. 0.94% 219,768 $7.6M Add +0.3%
BAESY Bae Systems PLC -Spon ADR 0.89% 124,908 $7.2M Add +0.2%
IDA Idacorp Inc. 0.84% 69,314 $6.8M No change
EMR Emerson Electric Co. 0.81% 67,805 $6.6M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.79% 13,410 $6.4M No change
CWEN Clearway Energy Inc. Class C 0.75% 221,710 $6.1M No change
CAT Caterpillar Inc. 0.75% 20,539 $6.1M No change
MRK Merck & Co. Inc. 0.75% 55,640 $6.1M No change
BX Blackstone Inc. 0.72% 44,566 $5.8M No change
PG The Procter & Gamble Co. 0.70% 38,751 $5.7M Reduce 0.0%
AEE Ameren Corporation 0.66% 73,637 $5.3M No change
KKR KKR & Co. Inc. 0.65% 63,900 $5.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.65% 14,798 $5.3M No change
TMO Thermo Fisher Scientific Inc. 0.58% 8,930 $4.7M No change
FDX FedEx Corp. 0.57% 18,258 $4.6M Add +0.3%
BIP Brookfield Infrastructure Pa 0.57% 145,993 $4.6M Add +0.5%
BUD Anheuser-Busch Inbev-SPN ADR 0.49% 61,469 $4.0M Reduce 0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.47% 114,171 $3.8M No change
NVS Novartis AG-Sponsored ADR 0.47% 37,985 $3.8M Add +0.4%
COST Costco Wholesale Corp. 0.45% 5,480 $3.6M No change
NGG National Grid PLC-SP ADR 0.45% 53,141 $3.6M Add +0.3%
GOOG Alphabet Inc. Class C 0.43% 24,895 $3.5M Add +0.8%
PEP Pepsico Inc. 0.43% 20,296 $3.4M No change
UNP Union Pacific Corp. 0.40% 13,102 $3.2M No change
RHHBY Roche Holdings Ltd.-Spons ADR 0.39% 87,839 $3.2M Reduce 0.0%
PNC PNC Financial Services Group 0.39% 20,406 $3.2M No change
SYK Stryker Corp. 0.38% 10,250 $3.1M No change
PFE Pfizer Inc. 0.38% 106,474 $3.1M Add +0.3%
UL Unilever PLC 0.37% 61,394 $3.0M Reduce 0.0%
CCS Century Communities Inc. 0.35% 31,531 $2.9M No change
MDT Medtronic PLC 0.35% 34,523 $2.8M Reduce -0.0%
FCX Freeport-McMoran Inc. 0.35% 66,289 $2.8M No change
SIEGY Siemens AG-Spons ADR 0.33% 29,021 $2.7M No change
ENGIY Engie-Spon ADR 0.32% 148,319 $2.6M Add +0.5%
UBS UBS Group AG-Reg 0.32% 84,012 $2.6M No change
SYY Sysco Corp. 0.31% 34,334 $2.5M No change
ADP Automatic Data Processing 0.30% 10,460 $2.4M Reduce -0.0%
CVS CVS Health Corp. 0.29% 29,656 $2.3M No change
LLY Eli Lilly & Co. 0.29% 3,970 $2.3M No change
WMB Williams Cos Inc. 0.27% 62,834 $2.2M No change
CDNS Cadence Design SYS Inc. 0.27% 7,924 $2.2M No change
CSCO Cisco Systems Inc. 0.27% 42,668 $2.2M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.27% 41,299 $2.1M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 23,186 $2.1M No change
DTEGY Deutsche Telekom AG-Spon ADR 0.26% 86,414 $2.1M No change
PAGP Plains GP Holdings LP 0.24% 122,065 $1.9M No change
CVX Chevron Corp. 0.23% 12,449 $1.9M No change
C Citigroup Inc. 0.23% 36,089 $1.9M Add +0.6%
VEOEY Veolia Environnement-ADR 0.20% 104,826 $1.7M No change
BRK.A Berkshire Hathaway Inc. Class A 0.20% 3 $1.6M No change
NVDA Nvidia Corp. 0.20% 3,240 $1.6M No change
FMX Fomento Economico Mex-SP ADR 0.20% 12,157 $1.6M No change
PLD Prologis Inc. 0.19% 11,491 $1.5M No change
DHLGY DHL AG - ADR filed as DEUTSCHE POST AG SPONSORED ADR 0.19% 30,723 $1.5M Add +1.0%
AXP American Express Co. 0.18% 7,633 $1.4M No change
IBDRY Iberdrola SA-Sponsored ADR 0.16% 24,855 $1.3M No change
OKE Oneok Inc. 0.15% 17,307 $1.2M No change
IYW iShares Ustechnology ETF 0.15% 9,800 $1.2M No change
XOM Exxon Mobil Corp. 0.14% 11,755 $1.2M No change
DOC Healthpeak Properties Inc. 0.14% 58,336 $1.2M Add +1.0%
CB Chubb Ltd. 0.11% 4,078 $922K No change
KMI Kinder Morgan Inc. 0.11% 50,236 $886K Add +0.0%
RTX RTX Corp. 0.11% 10,335 $870K No change
DE Deere & Co. 0.10% 2,041 $816K No change
XRAY Dentsply Sirona Inc. 0.10% 22,125 $787K No change
CCK Crown Holdings Inc. 0.10% 8,498 $783K No change
SSREY Swiss Re Ltd.-SPN ADR 0.10% 27,671 $779K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 4,752 $777K No change
ORCL Oracle Corp. 0.09% 6,700 $706K No change
SPGI S&P Global Inc. 0.09% 1,600 $705K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.09% 848 $703K No change
WBD Warner Bros Discovery Inc. 0.08% 60,363 $687K Add +0.6%
BNPQY BNP Paribas-ADR 0.08% 19,200 $667K No change
BIPC Brookfield Infrastructure-A 0.08% 18,863 $666K Add +0.4%
EONGY E.on SE -Sponsored ADR filed as E ON AG 0.08% 49,300 $663K No change
ITW Illinois Tool Works 0.08% 2,339 $613K No change
LDOS Leidos Holdings Inc. 0.07% 5,420 $587K No change
KMB Kimberly-Clark Corp. 0.07% 4,784 $581K Add +2.7%
CMCSA Comcast Corp. Class A 0.07% 13,036 $572K No change
INTC Intel Corp. 0.07% 11,004 $553K No change
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.06% 3,515 $514K No change
SCHW Schwab (charles) Corp. 0.06% 7,478 $514K No change
LIN Linde PLC 0.06% 1,250 $513K No change
MCD McDonald's Corp. 0.06% 1,635 $485K No change
AIG American International Group 0.06% 7,142 $484K No change
TRI Thomson Reuters Corp. 0.06% 3,231 $472K No change
ABT Abbott Laboratories 0.06% 4,268 $470K No change
NOC Northrop Grumman Corp. 0.06% 1,000 $468K No change
BA The Boeing Co. 0.06% 1,789 $466K No change
GPC Genuine Parts Co. 0.06% 3,330 $461K No change
MMM 3M Co. 0.05% 4,066 $444K No change
MET Metlife Inc. 0.05% 6,500 $430K Add +3.2%
STT State Street Corp. 0.05% 5,418 $420K No change
AB Alliancebernstein Holding LP 0.05% 13,325 $413K No change
IWF iShares Russell 1000 Growth 0.05% 1,350 $409K Add +12.5%
MDY State Street SPDR S&P Midcap 0.05% 770 $391K Add +8.4%
BDX Becton Dickinson and Co. 0.05% 1,520 $371K No change
GE General Electric 0.05% 2,908 $371K No change
BN Brookfield Corp. 0.05% 9,200 $369K No change
UBER Uber Technologies Inc. 0.04% 5,500 $339K No change
IWN iShares Russell 2000 Value E 0.04% 2,080 $323K No change
APD Air Products & Chemicals Inc. 0.04% 1,050 $287K No change
ENLAY Enel SPA - Unspon ADR filed as ENEL SOCIETA PER AZIONI 0.03% 36,190 $268K No change
WFC Wells Fargo & Co. 0.03% 5,233 $258K No change
CMI Cummins Inc. 0.03% 1,026 $246K No change
SDZNY Sandoz Group AG-ADR 0.03% 7,579 $243K Add +0.4%
JUST Goldman Sachs Just US LRG 0.03% 3,400 $231K Add +9.7%
PRU Prudential Financial Inc. 0.03% 2,200 $228K No change
PSX Phillips 66 0.03% 1,660 $221K No change
LSXMK Liberty Media Corp.-Liber-New 0.03% 7,482 $215K Add +0.0%
STAG Stag Industrial Inc. 0.03% 5,400 $212K No change
SONY Sony Group Corp. - SP ADR 0.03% 2,225 $211K No change
VTRS Viatris Inc. 0.02% 12,069 $131K Add +0.3%
BTG B2GOLD Corp. 0.00% 12,256 $39K No change

Portfolio Sells Q4 2023 → Q1 2024
PG The Procter & Gamble Co. Reduce 0.0% 0.70% −0.00
BUD Anheuser-Busch Inbev-SPN ADR Reduce 0.0% 0.49% −0.00
RHHBY Roche Holdings Ltd.-Spons ADR Reduce 0.0% 0.39% −0.00
UL Unilever PLC Reduce 0.0% 0.37% −0.00
MDT Medtronic PLC Reduce -0.0% 0.35% −0.00
ADP Automatic Data Processing Reduce -0.0% 0.30% −0.00

Portfolio Buys Q4 2023 → Q1 2024
IWF iShares Russell 1000 Growth Add +12.5% 0.05% +0.01
MDY State Street SPDR S&P Midcap Add +8.4% 0.05% +0.00
GOOG Alphabet Inc. Class C Add +0.8% 0.43% +0.00
BIP Brookfield Infrastructure Pa Add +0.5% 0.57% +0.00
JUST Goldman Sachs Just US LRG Add +9.7% 0.03% +0.00
WY Weyerhaeuser Co. Add +0.3% 0.94% +0.00
DHLGY DHL AG - ADR Add +1.0% 0.19% +0.00
HHH Howard Hughes Holdings Inc. Add +0.2% 1.62% +0.00
KMB Kimberly-Clark Corp. Add +2.7% 0.07% +0.00
BAESY Bae Systems PLC -Spon ADR Add +0.2% 0.89% +0.00
MET Metlife Inc. Add +3.2% 0.05% +0.00
NVS Novartis AG-Sponsored ADR Add +0.4% 0.47% +0.00
DOC Healthpeak Properties Inc. Add +1.0% 0.14% +0.00
ENGIY Engie-Spon ADR Add +0.5% 0.32% +0.00
FDX FedEx Corp. Add +0.3% 0.57% +0.00
C Citigroup Inc. Add +0.6% 0.23% +0.00
NGG National Grid PLC-SP ADR Add +0.3% 0.45% +0.00
KW Kennedy-Wilson Holdings Inc. Add +0.1% 1.38% +0.00
PFE Pfizer Inc. Add +0.3% 0.38% +0.00
WBD Warner Bros Discovery Inc. Add +0.6% 0.08% +0.00
BIPC Brookfield Infrastructure-A Add +0.4% 0.08% +0.00
SDZNY Sandoz Group AG-ADR Add +0.4% 0.03% +0.00
VTRS Viatris Inc. Add +0.3% 0.02% +0.00
LSXMK Liberty Media Corp.-Liber-New Add +0.0% 0.03% 0.00
KMI Kinder Morgan Inc. Add +0.0% 0.11% −0.00
XIFR XPLR Infrastructure LP Add +0.0% 4.74% −0.00
HR Healthcare Realty Trust Inc. Add +0.0% 3.59% −0.00
EPD Enterprise Products Partners Add +0.0% 7.50% −0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 117$679.4MEPD, ET, MPLX, VST, AMZN
Q4 2024 120$739.9MEPD, ET, VST, MPLX, AMZN
Q3 2024 225$808.5MEPD, ET, NEE, VST, MPLX
Q2 2024 232$812.1MEPD, ET, AMZN, MPLX, NEE
Q1 2024 143$810.8MEPD, ET, XIFR, MPLX, NEE