SEC 13F Intelligence

Managers / Q3 2019 · view latest →

KEMPNER CAPITAL MANAGEMENT INC.

CIK 0000898399 · 2201 MARKET ST. 12TH FLOOR, PO BOX 119, GALVESTON, TX, 77553 · 409.765.6671

Reported Value
$147M
Q3 2019
Positions
48
Filings on Record
29
2019–present window
Filed
Oct 4, 2019
original filing

Summary

Kempner Capital Management Inc. reported $147M in U.S.-listed holdings across 48 positions for Q3 2019.

Its largest position, CFR, represents 5.6% of the portfolio.

Compared with Q2 2019, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+6.6%
vs prior filed quarter
Top-10 Concentration
+44.5%
share of reported value
Largest Position
+5.6%
Cullen Frost Bankers
New / Exited
4 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $145MQ4 ’18Q1 ’19: $151MQ2 ’19: $153MQ3 ’19: $147MQ4 ’19: $154MQ4 ’19Q1 ’20: $115MQ2 ’20: $127MQ3 ’20: $125MQ4 ’20: $151MQ4 ’20Q1 ’21: $174MQ2 ’21: $176MQ3 ’21: $175MQ4 ’21: $170MQ4 ’21Q1 ’22: $183MQ2 ’22: $164MQ3 ’22: $151MQ4 ’22: $165MQ4 ’22Q1 ’23: $171MQ2 ’23: $156MQ3 ’23: $166MQ4 ’23: $179MQ4 ’23Q1 ’24: $184MQ2 ’24: $189MQ3 ’24: $195MQ4 ’24: $182MQ4 ’24Q3 ’25: $120MQ4 ’25: $106Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 77.7%ADR: 13.6%Other: 2.9%MLP: 2.7%ETP: 1.3%Other: 1.8%
  • Common Stock · 77.7% · $115M
  • ADR · 13.6% · $20M
  • Other · 2.9% · $4M
  • MLP · 2.7% · $4M
  • ETP · 1.3% · $2M
  • Other · 1.8% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ALBAlbemarle CorporationNEW+18.9K18.9K+$1M$1M
SVCService Properties TrustNEW+49.5K49.5K+$1M$1M
FDXFedEx CorporationNEW+7.8K7.8K+$1M$1M
DOWDow Chemical CoNEW+22.3K22.3K+$1M$1M
CBS Corporation Cl BADDED+29.7K55.4K+$952,000$2M
KLACKLA-Tencor CorpSOLD OUT−20.4K0−$2M$0
Allergan PlcSOLD OUT−14.3K0−$2M$0
WUWestern Union Co/TheSOLD OUT−68.5K0−$1M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CFRCullen Frost Bankershistory →COM5.63%$8M93.7K
2BACBank of America Corp.history →COM5.10%$8M257.7K
3BPBP Plc ADShistory →ADR4.75%$7M184.2K
4TAT&T Inc.history →COM4.58%$7M178.5K
5JCIJohnsonControlsIntl Plchistory →ADR4.29%$6M144.0K
6CCitigroup Inchistory →COM4.24%$6M90.5K
7GMGM General Motors Cohistory →COM4.16%$6M163.7K
8AXSAxis Capital Hldgs Ltdhistory →ADR4.04%$6M89.3K
9MCKMcKesson Corphistory →COM3.88%$6M41.8K
10CAHCardinal Health Inchistory →COM3.83%$6M119.8K
11Royal Dutch Shell A PlcADR3.35%$5M83.8K
12RHHBYRoche Holdings Ltdhistory →ADR3.31%$5M133.9K
13WBAWalgreensBootsAllncehistory →COM3.10%$5M82.6K
14AYIAcuity Brands, Inc.history →COM2.98%$4M32.6K
15DISDisney (Walt) Companyhistory →COM2.97%$4M33.6K
16AMATApplied Materialshistory →COM2.93%$4M86.4K
17COFCapital One Fin'l Corphistory →COM2.83%$4M45.9K
18BSMBSM BlackStoneMnlsLPhistory →COM2.73%$4M282.5K
19SLBSchlumberger Ltdhistory →ADR2.25%$3M96.9K
20WestRock CompanyCOM2.24%$3M90.6K
21HMCHonda Motor Co Ltd.history →ADR2.23%$3M126.1K
22OXYOccidental Petro Corphistory →COM2.20%$3M73.0K
23MRKMerck & Co. Inc.history →COM2.18%$3M38.3K
24SWKSSkyworks Solutions Inchistory →COM2.10%$3M39.0K
25VZVZ Verizon Comm. Inc.history →COM1.66%$2M40.4K
26Nordstrom IncCOM1.60%$2M70.1K
27CBS Corporation Cl BCOM1.52%$2M55.4K
28BB&T CorporationCOM1.46%$2M40.4K
29DDDuPont de Nemours Inc.history →COM1.08%$2M22.3K
30UCO ProSharesUltraBB Crude OilETF0.96%$1M87.4K
31GSK GlxoSmKlnPlcADRADR0.90%$1M31.2K
32ALBAlbemarle CorporationCOM0.89%$1M18.9K
33SVCService Properties TrustCOM0.86%$1M49.5K
34UNPUnion Pacific CorpCOM0.86%$1M7.9K
35MOSMosaic Co. (The)COM0.86%$1M61.6K
36FDXFedEx CorporationCOM0.77%$1M7.8K
37DOWDow Chemical CoCOM0.72%$1M22.3K
38PFEPfizer, Inc.COM0.64%$950,00026.5K
39VLOValero Energy CorpCOM0.56%$830,0009.7K
40ISRA Vaneck Vectors ETF TrETF0.43%$641,00019.5K
41CTVACorteva IncCOM0.42%$623,00022.3K
42KMIKMI Kinder Morgan IncCOM0.39%$581,00028.2K
43FTABXFTABX Fidelity Tax-Free Bond FMMF0.35%$520,00043.6K
44UNG US Nat Gas Fd ETFETF0.35%$519,00026.0K
45SBISBI Western Asset Interm MuniMMF0.30%$439,00047.8K
46AWPAXAWPAX AB Sust Intl Thematic AMMF0.25%$362,00022.4K
47ENZBEnzo Biochem Inc.COM0.23%$344,00095.5K
48Emcore CorporationCOM0.03%$46,00015.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$106M43Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$120M48Oct 16, 202513F-HRchanges · EDGAR ↗
Q2 2025Under review47Jul 15, 202513F-HRchanges · EDGAR ↗
Q1 2025Under review49Apr 21, 202513F-HRchanges · EDGAR ↗
Q4 2024$182M49Jan 23, 202513F-HRchanges · EDGAR ↗
Q3 2024$195M51Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$189M50Jul 19, 202413F-HRchanges · EDGAR ↗
Q1 2024$184M51Apr 11, 202413F-HRchanges · EDGAR ↗
Q4 2023$179M54Jan 24, 202413F-HRchanges · EDGAR ↗
Q3 2023$166M57Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$156M55Jul 18, 202313F-HRchanges · EDGAR ↗
Q1 2023$171M56Apr 21, 202313F-HRchanges · EDGAR ↗
Q4 2022$165M60Jan 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$151M61Oct 11, 202213F-HRchanges · EDGAR ↗
Q2 2022$164M61Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$183M57Apr 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$170M50Jan 18, 202213F-HRchanges · EDGAR ↗
Q3 2021$175M53Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$176M51Jul 23, 202113F-HRchanges · EDGAR ↗
Q1 2021$174M48Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$151M45Jan 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$125M46Oct 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$127M46Jul 15, 202013F-HRchanges · EDGAR ↗
Q1 2020$115M51Apr 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$154M49Jan 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$147M48Oct 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$153M50Jul 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$151M48Apr 5, 201913F-HRchanges · EDGAR ↗
Q4 2018$145M49Jan 9, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.