SEC 13F Intelligence

Managers / Q3 2020

CADENCE CAPITAL MANAGEMENT LLC

CIK 0001175399 · 265 FRANKLIN STREET, 4TH FLOOR, BOSTON, MA, 02110-3113 · 617-624-3500

Reported Value
$415M
Q3 2020
Positions
277
Filings on Record
8
2019–present window
Filed
Oct 16, 2020
original filing

Summary

Cadence Capital Management LLC reported $415M in U.S.-listed holdings across 277 positions for Q3 2020.

Its largest position, EPD, represents 8.4% of the portfolio.

Compared with Q2 2020, the fund opened 30 new positions and exited 144.

Portfolio Metrics

Turnover
+2.3%
vs prior filed quarter
Top-10 Concentration
+38.5%
share of reported value
Largest Position
+8.4%
Enterprise Prods Partn Com
New / Exited
30 / 144
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: $991MQ4 ’18Q1 ’19: $1.1BQ1 ’19Q2 ’19: $999MQ2 ’19Q3 ’19: $705MQ3 ’19Q4 ’19: $928MQ4 ’19Q1 ’20: $590MQ1 ’20Q2 ’20: $689MQ2 ’20Q3 ’20: $415MQ3 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 66.8%MLP: 29.7%Other: 1.8%ADR: 0.7%REIT: 0.6%Ltd Part: 0.4%
  • Common Stock · 66.8% · $277M
  • MLP · 29.7% · $123M
  • Other · 1.8% · $7M
  • ADR · 0.7% · $3M
  • REIT · 0.6% · $2M
  • Ltd Part · 0.4% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MERIDIAN BIOSCIENCES INCNEW+33.0K33.0K+$560,000$560,000
CHANNELADVISOR CORP COMNEW+34.5K34.5K+$500,000$500,000
DEL TACO RESTAURANTSNEW+54.2K54.2K+$444,000$444,000
PETSPETMED EXPRESS INCNEW+13.7K13.7K+$434,000$434,000
TPBTURNING PT BRANDS INC COMNEW+15.2K15.2K+$424,000$424,000
SPWHSPORTSMANS WHSE HLDGS COMNEW+29.0K29.0K+$414,000$414,000
ONEWONEWATER MARINE INC CLASS ANEW+19.8K19.8K+$405,000$405,000
QNSTQUINSTREET INC COMNEW+24.9K24.9K+$394,000$394,000

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

Holdings — Q3 2020

277 positions
#IssuerClass% PortfolioValueShares
1EPDENTERPRISE PRODS PARTN COMhistory →COM8.39%$35M2.20M
2MAGELLAN MIDSTREAM PRT COM UNICOM UNIT RP LP5.10%$21M618.8K
3MPLXMPLX LP COM UNIT REP LTDhistory →COM UNIT REP LTD4.24%$18M1.12M
4WMBWILLIAMS COS INChistory →COM4.04%$17M853.5K
5KMIKINDER MORGAN INC KANS COMhistory →COM3.92%$16M1.32M
6ETENERGY TRANSFER LPhistory →COM UT LTD PTN3.39%$14M2.59M
7ENBENBRIDGE INC COMhistory →COM2.48%$10M352.1K
8OKEONEOK INC NEW COMhistory →COM2.45%$10M391.3K
9PAAPLAINS ALL AMERN PIPEL UNIT LThistory →UNIT LTD PARTN2.31%$10M1.60M
10PHILLIPS 66 PARTNERS L COM UNICOM UNIT REP INT2.13%$9M383.6K
11DCP MIDSTREAM LPCOM UT LTD PTN1.42%$6M525.9K
12TC PIPELINES LP UT COM LTD PRTUT COM LTD PRT1.40%$6M227.7K
13CRESTWOOD EQUITY PARTNERS LPUNIT LTD PARTNER1.28%$5M427.2K
14UPSUNITED PARCEL SERVICE CL BCL B0.89%$4M22.1K
15QCOMQUALCOMM INC COMCOM0.87%$4M30.8K
16PGPROCTER & GAMBLE CO COMCOM0.79%$3M23.7K
17AVGOBROADCOM INCCOM0.77%$3M8.8K
18AMGNAMGEN INC COMCOM0.76%$3M12.4K
19MCDMCDONALDS CORP COMCOM0.74%$3M14.0K
20UNPUNION PACIFIC CORP COMCOM0.73%$3M15.5K
21TXNTEXAS INSTRS INC COMCOM0.73%$3M21.3K
22HDHOME DEPOT INC COMCOM0.73%$3M10.9K
23CMCSACOMCAST CORPCL A0.73%$3M65.5K
24PEPPEPSICO INC COMCOM0.71%$3M21.2K
25BUNGE LTDCOM0.71%$3M64.2K
26SBUXSTARBUCKS CORP COMCOM0.70%$3M34.0K
27MDTMEDTRONIC PLCSHS0.70%$3M27.7K
28VZVERIZON COMMUNICATIONS COMCOM0.69%$3M48.2K
29HONHONEYWELL INTL INC COMCOM0.69%$3M17.3K
30JNJJOHNSON & JOHNSON COMCOM0.68%$3M19.1K
31PFEPFIZER INC COMCOM0.68%$3M76.9K
32MRKMERCK & CO INC COMCOM0.67%$3M33.7K
33KOCOCA-COLA COMPANYCOM0.67%$3M56.6K
34LLYLILLY ELI & CO COMCOM0.67%$3M18.8K
35BMYBRISTOL MYERS SQUIBB COMCOM0.66%$3M45.5K
36PMPHILIP MORRIS INTL INC COMCOM0.65%$3M36.1K
37MMM3M COCOM0.64%$3M16.7K
38ABBVABBVIE INCCOM0.62%$3M29.4K
39MOALTRIA GROUP INCCOM0.61%$3M65.6K
40IBMINTERNATIONAL BUS MACHCOM0.61%$3M20.7K
41LMTLOCKHEED MARTIN CORP COMCOM0.59%$2M6.3K
42TAT&T INC COMCOM0.58%$2M84.6K
43JPMJPMORGAN CHASE & CO COMCOM0.57%$2M24.7K
44BACBANK OF AMERICA CORP COMCOM0.57%$2M98.6K
45MDLZMONDELEZ INTL INC CL ACL A0.57%$2M41.3K
46CATCATERPILLAR INC DEL COMCOM0.57%$2M15.8K
47CSCOCISCO SYS INC COMCOM0.56%$2M58.8K
48INFYINFOSYS LIMITED SPONSORED ADRSPONSORED ADR0.56%$2M167.3K
49INTCINTEL CORP COMCOM0.55%$2M44.2K
50TGTTARGET CORP COMCOM0.55%$2M14.4K
51BP MIDSTREAM PARTNERS UNIT LTDUNIT LTD PTNR0.54%$2M224.8K
52CCEPCOCA COLA EUROPEAN PARTNERS PLSHS0.52%$2M56.1K
53CVSCVS HEALTH CORPCOM0.50%$2M35.9K
54GILDGILEAD SCIENCES INC COMCOM0.49%$2M32.0K
55CVXCHEVRON CORP COMCOM0.47%$2M27.3K
56ITWILLINOIS TOOL WKS INC COMCOM0.47%$2M10.1K
57APDAIR PRODS & CHEMS INC COMCOM0.47%$2M6.5K
58CCITIGROUP INC COMCOM NEW0.47%$2M44.8K
59CLCOLGATE PALMOLIVE CO COMCOM0.45%$2M24.4K
60ADPAUTOMATIC DATA PROCESS COMCOM0.45%$2M13.3K
61WFCWELLS FARGO & CO NEW COMCOM0.43%$2M76.4K
62RATTLER MIDSTREAM LPCOM UNITS0.43%$2M301.3K
63BLACKROCK INCCOM0.43%$2M3.2K
64EXMOCEXXON MOBIL CORPCOM0.43%$2M51.4K
65NSCNORFOLK SOUTHERN CORP COMCOM0.38%$2M7.4K
66NEENEXTERA ENERGY INC COMCOM0.38%$2M5.7K
67KMBKIMBERLY CLARK CORPCOM0.37%$2M10.5K
68GSGOLDMAN SACHS GROUP COMCOM0.35%$1M7.1K
69ETNEATON CORP COMSHS0.30%$1M12.4K
70RTXRAYTHEON TECHNOLOGIES CORPCOM0.30%$1M21.9K
71MSMORGAN STANLEYCOM NEW0.29%$1M24.9K
72HPQHP INCCOM0.29%$1M62.9K
73WMWASTE MGMT INC DEL COMCOM0.28%$1M10.3K
74WBAWALGREENS BOOTS ALLIAN COMCOM0.27%$1M31.3K
75EMREMERSON ELEC CO COMCOM0.27%$1M17.0K
76USBUS BANCORP DEL COMCOM NEW0.27%$1M31.0K
77TFCTRUIST FINANCIAL CORPCOM0.27%$1M29.1K
78MPCMARATHON PETROLEUM CORPCOM0.27%$1M37.7K
79CBCHUBB LTDCOM0.26%$1M9.4K
80PSXPHILLIPS 66 COMCOM0.26%$1M20.9K
81GISGENERAL MLS INC COMCOM0.26%$1M17.4K
82PNCPNC FINL SVCS GROUP COMCOM0.25%$1M9.5K
83COPCONOCOPHILLIPS COMCOM0.25%$1M31.3K
84ADIANALOG DEVICES INCCOM0.25%$1M8.8K
85CMICUMMINS INCCOM0.25%$1M4.8K
86GDGENERAL DYNAMICS CORP COMCOM0.24%$1M7.3K
87DDOMINION RES VA NEW COMCOM0.24%$980,00012.4K
88DUKDUKE ENERGY CORPCOM NEW0.23%$938,00010.6K
89DOWDOW CHEMICAL COMPANYCOM0.22%$913,00019.4K
90DDDUPONT de NEMOURS INCCOM0.22%$911,00016.4K
91AFLAFLAC INC COMCOM0.22%$909,00025.0K
92JCIJOHNSON CONTROLS INTERNATIONALSHS0.22%$907,00022.2K
93TTTRANE TECHNOLOGIES PLCSHS0.20%$841,0006.9K
94KRKROGER CO COMCOM0.20%$823,00024.3K
95SOSOUTHERN CO COMCOM0.20%$818,00015.1K
96KELKELLOGG COCOM0.19%$788,00012.2K
97SYYSYSCO CORP COMCOM0.19%$786,00012.6K
98ADMARCHER-DANIELS-MIDLAND COMCOM0.18%$762,00016.4K
99FASTFASTENAL COCOM0.18%$761,00016.9K
100YUMYUM! BRANDS INCCOM0.18%$744,0008.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2020$415M277Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$689M391Aug 3, 202013F-HRchanges · EDGAR ↗
Q1 2020$590M422May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$928M420Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$705M415Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$999M410Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.1B447May 7, 201913F-HRchanges · EDGAR ↗
Q4 2018$991M440Feb 13, 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 ↗.