SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Capital Innovations LLC

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

Reported Value
$38M
Q2 2019
Positions
58
Filings on Record
8
2019–present window
Filed
Aug 12, 2019
original filing

Summary

Capital Innovations LLC reported $38M in U.S.-listed holdings across 58 positions for Q2 2019.

Its largest position, Brf, represents 6.1% of the portfolio.

Compared with Q1 2019, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+19.9%
vs prior filed quarter
Top-10 Concentration
+37.5%
share of reported value
Largest Position
+6.1%
Brf
New / Exited
5 / 8
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: 67.1%ADR: 24.3%Other: 6.2%REIT: 1.7%NY Reg Shrs: 0.7%
  • Common Stock · 67.1% · $26M
  • ADR · 24.3% · $9M
  • Other · 6.2% · $2M
  • REIT · 1.7% · $656,000
  • NY Reg Shrs · 0.7% · $281,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRPTC Energy CorpNEW+26.2K26.2K+$1M$1M
DDDuPont de Nemours IncNEW+8.4K8.4K+$633,000$633,000
DOWDow IncNEW+8.7K8.7K+$431,000$431,000
CTVACorteva IncNEW+8.9K8.9K+$264,000$264,000
TSNTYSON FOODS INCNEW+2.9K2.9K+$235,000$235,000
UGPULTRAPAR PARTICIPACOES S AADDED+80.9K83.8K+$237,000$439,000
VALEVale S AADDED+34.3K50.6K+$363,000$680,000
DowDuPont IncSOLD OUT−26.7K0−$1M$0

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

Holdings — Q2 2019

58 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BRF SASPONSORED ADR6.11%$2M30.8K
2BPBP PLChistory →SPONSORED ADR4.75%$2M43.7K
3NEMNewmont Goldcorp Corporationhistory →COM4.49%$2M44.8K
4ABXBarrick Gold Corphistory →COM3.74%$1M90.8K
5TRPTC Energy Corphistory →COM3.39%$1M26.2K
6SUSuncor Energy Inc Newhistory →COM3.35%$1M41.2K
7Bunge LTDCOM3.07%$1M21.2K
8ROYAL DUTCH SHELL PLCSPONS ADR A3.04%$1M17.9K
9DEDeere & Cohistory →COM2.88%$1M6.7K
10NTRNutrien Ord Shshistory →COM2.71%$1M19.4K
11CNQCANADIAN NATL RES LTDhistory →COM2.47%$949,00035.2K
12MPCMarathon Pete Corphistory →COM2.42%$929,00016.6K
13ENBEnbridge Inchistory →COM2.37%$910,00025.2K
14TTENTotal S Ahistory →SPONSORED ADR2.37%$907,00016.3K
15APDAIR PRODS & CHEMS INChistory →COM2.26%$867,0003.8K
16PIONEER NAT RES COCOM2.20%$845,0005.5K
17ANADARKO PETE CORPCOM2.00%$766,00010.9K
18CVXChevron Corp Newhistory →COM1.99%$763,0006.1K
19BHPBHP Billiton Ltdhistory →SPONSORED ADR1.92%$738,00012.7K
20RIORio Tinto PLChistory →SPONSORED ADR1.91%$733,00012.4K
21CNICANADIAN NATL RY COhistory →COM1.89%$725,0007.8K
22LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -1.84%$707,0008.2K
23VALEVale S Ahistory →ADR1.77%$680,00050.6K
24ZTSZoetis Inchistory →CL A1.76%$674,0005.9K
25KANSAS CITY SOUTHERNCOM NEW1.71%$657,0005.4K
26WYWeyerhaeuser Cohistory →COM1.71%$656,00024.9K
27DDDuPont de Nemours Inchistory →COM1.65%$633,0008.4K
28CFCF INDS HLDGS INChistory →COM1.60%$613,00013.1K
29EXMOCExxon Mobil Corphistory →COM1.39%$534,0007.0K
30IPINTL PAPER COhistory →COM1.31%$503,00011.6K
31EOGEOG RES INChistory →COM1.30%$497,0005.3K
32CATCaterpillar Ord Shshistory →COM1.29%$495,0003.6K
33ADMArcher Daniels Midland Cohistory →COM1.28%$490,00012.0K
34ALCOA CORPCOM1.28%$489,00020.9K
35PBAPembina Pipeline Corphistory →COM1.17%$450,00012.1K
36SLBSchlumberger Ltdhistory →COM1.16%$444,00011.2K
37UGPULTRAPAR PARTICIPACOES S Ahistory →SP ADR REP COM1.14%$439,00083.8K
38LNGCheniere Energy Inchistory →COM NEW1.14%$438,0006.4K
39DOWDow Inchistory →COM1.12%$431,0008.7K
40Westrock CoCOM1.01%$387,00010.6K
41MDLZMONDELEZ INTL INChistory →CL A1.00%$384,0007.1K
42FCXFREEPORT-MCMORAN INCCL B0.96%$369,00031.8K
43PKGPackaging Corp AmerCOM0.80%$306,0003.2K
44KMIKINDER MORGAN INC DELCOM0.77%$296,00014.2K
45ATLANTICA YIELD PLCSHS0.77%$295,00013.0K
46MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.73%$281,00015.6K
47Noble Energy IncCOM0.71%$273,00012.2K
48CTVACorteva IncCOM0.69%$264,0008.9K
49PKXPOSCOSPONSORED ADR0.65%$250,0004.7K
50UNITED STATES STL CORP NEWCOM0.63%$243,00015.8K
51UFSDOMTAR CORPCOM NEW0.63%$242,0005.5K
52TKCTURKCELL ILETISIM HIZMETLERISPON ADR NEW0.63%$240,00043.8K
53TSNTYSON FOODS INCCL A0.61%$235,0002.9K
54SCCOSouthern Copper CorpCOM0.60%$230,0005.9K
55ALBAlbemarle CorpCOM0.55%$210,0003.0K
56STLDSteel Dynamics IncCOM0.52%$200,0006.6K
57GPREGREEN PLAINS INCCOM0.37%$143,00013.2K
58Nabors Industries LtdSHS0.35%$136,00047.0K

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 ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • North Square Investments LLC

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 ↗.