SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Capital Innovations LLC

CIK 0001596076 · N19W24400 RIVERWOOD DR, STE 350, WAUKESHA, WI, 53188 · 262-746-3100

Reported Value
$38M
Q1 2019
Positions
61
Filings on Record
8
2019–present window
Filed
Apr 25, 2019
original filing

Summary

Capital Innovations LLC reported $38M in U.S.-listed holdings across 61 positions for Q1 2019.

Its largest position, BP, represents 5.2% of the portfolio.

Compared with Q4 2018, the fund opened 8 new positions and exited 2.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+33.6%
share of reported value
Largest Position
+5.2%
Bp
New / Exited
8 / 2
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: $31MQ4 ’18Q1 ’19: $38MQ1 ’19Q2 ’19: $38MQ2 ’19Q3 ’19: $33MQ3 ’19Q4 ’19: $14MQ4 ’19Q1 ’20: $667,000Q1 ’20filingsflow.com

Portfolio Composition

By security type
Common Stock: 62.5%ADR: 20.0%Other: 14.4%REIT: 1.8%NY Reg Shrs: 1.3%
  • Common Stock · 62.5% · $24M
  • ADR · 20.0% · $8M
  • Other · 14.4% · $6M
  • REIT · 1.8% · $700,000
  • NY Reg Shrs · 1.3% · $485,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CNQCANADIAN NATL RES LTDNEW+35.9K35.9K+$988,000$988,000
BRF SANEW+26.2K26.2K+$453,000$453,000
KMIKINDER MORGAN INC DELNEW+16.1K16.1K+$323,000$323,000
UFSDOMTAR CORPNEW+5.5K5.5K+$273,000$273,000
ATLANTICA YIELD PLCNEW+13.0K13.0K+$253,000$253,000
ALBAlbemarle CorpNEW+3.0K3.0K+$244,000$244,000
BCEBCE INCNEW+5.5K5.5K+$244,000$244,000
SHWSHERWIN WILLIAMS CONEW+500500+$215,000$215,000

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

Holdings — Q1 2019

61 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BPBP PLChistory →SPONSORED ADR5.23%$2M45.9K
2DowDuPont IncCOM3.72%$1M26.7K
3SUSuncor Energy Inc Newhistory →COM3.57%$1M42.2K
4ABXBarrick Gold Corphistory →COM3.31%$1M96.6K
5ROYAL DUTCH SHELL PLCSPONS ADR A3.15%$1M19.3K
6Bunge LTDCOM3.14%$1M22.7K
7Transcanada CorpCOM3.11%$1M26.5K
8DEDeere & Cohistory →COM2.92%$1M7.0K
9NTRNutrien Ord Shshistory →COM2.75%$1M20.0K
10MPCMarathon Pete Corphistory →COM2.71%$1M17.4K
11CNQCANADIAN NATL RES LTDhistory →COM2.58%$988,00035.9K
12TTENTotal S Ahistory →SPONSORED ADR2.53%$970,00017.4K
13BHPBHP Billiton Ltdhistory →SPONSORED ADR2.45%$940,00017.2K
14ENBEnbridge Inchistory →COM2.41%$924,00025.5K
15PIONEER NAT RES COCOM2.32%$890,0005.8K
16RIORio Tinto PLChistory →SPONSORED ADR2.20%$842,00014.3K
17CVXChevron Corp Newhistory →COM2.10%$805,0006.5K
18VMCVulcan MATLS Cohistory →COM2.03%$779,00059.7K
19APDAIR PRODS & CHEMS INChistory →COM1.98%$761,0004.0K
20LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -1.85%$708,0008.4K
21GOLDCORP INC NEWCOM1.84%$707,00061.7K
22CNICANADIAN NATL RY COhistory →COM1.83%$702,0007.8K
23WYWeyerhaeuser Cohistory →COM1.83%$700,00026.6K
24KANSAS CITY SOUTHERNCOM NEW1.67%$639,0005.5K
25ALCOA CORPCOM1.62%$621,00022.1K
26EXMOCExxon Mobil Corphistory →COM1.62%$621,0007.7K
27ZTSZoetis Inchistory →CL A1.56%$598,0005.9K
28SLBSchlumberger Ltdhistory →COM1.54%$590,00013.5K
29ANADARKO PETE CORPCOM1.51%$578,00012.7K
30IPINTL PAPER COhistory →COM1.50%$575,00012.4K
31CFCF INDS HLDGS INChistory →COM1.47%$562,00013.7K
32ADMArcher Daniels Midland Cohistory →COM1.43%$550,00012.7K
33EOGEOG RES INChistory →COM1.43%$547,0005.7K
34UNITED STATES STL CORP NEWCOM1.35%$518,00086.7K
35CATCaterpillar Ord Shshistory →COM1.32%$507,0003.7K
36MTARCELORMITTAL SA LUXEMBOURGhistory →NY REGISTRY SH1.26%$485,00023.8K
37LNGCheniere Energy Inchistory →COM NEW1.23%$470,0006.9K
38FCXFREEPORT-MCMORAN INChistory →CL B1.22%$466,00036.2K
39BRF SASPONSORED ADR1.18%$453,00026.2K
40PBAPembina Pipeline Corphistory →COM1.16%$444,00012.1K
41Westrock CoCOM1.13%$435,00011.3K
42MDLZMONDELEZ INTL INCCL A0.93%$355,0007.1K
43Noble Energy IncCOM0.87%$334,00013.5K
44PKGPackaging Corp AmerCOM0.85%$327,0003.3K
45KMIKINDER MORGAN INC DELCOM0.84%$323,00016.1K
46VALEVale S AADR0.83%$317,00016.3K
47UFSDOMTAR CORPCOM NEW0.71%$273,0005.5K
48PKXPOSCOSPONSORED ADR0.70%$267,0004.8K
49STLDSteel Dynamics IncCOM0.69%$266,0007.5K
50ATLANTICA YIELD PLCSHS0.66%$253,00013.0K
51GPREGREEN PLAINS INCCOM0.64%$245,00014.7K
52SCCOSouthern Copper CorpCOM0.64%$245,0006.2K
53BCEBCE INCCOM NEW0.64%$244,0005.5K
54ALBAlbemarle CorpCOM0.64%$244,0003.0K
55TKCTURKCELL ILETISIM HIZMETLERISPON ADR NEW0.63%$241,00045.0K
56EENI S P ASPONSORED ADR0.59%$227,0006.4K
57HALHalliburton CoCOM0.57%$218,0007.5K
58SHWSHERWIN WILLIAMS COCOM0.56%$215,000500
59UGPULTRAPAR PARTICIPACOES S ASP ADR REP COM0.53%$202,0002.9K
60Nabors Industries LtdSHS0.42%$162,00047.0K
61NEMNewmont Mining CorpCOM0.34%$129,00036.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026Under review53May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025Under review51Feb 10, 202613F-HRchanges · EDGAR ↗
Q1 2020$667,0005May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$14M28Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$33M53Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$38M58Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$38M61Apr 25, 201913F-HRchanges · EDGAR ↗
Q4 2018$31M56Feb 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 ↗.