SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Capital Innovations LLC

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

Reported Value
$33M
Q3 2019
Positions
53
Filings on Record
8
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Capital Innovations LLC reported $33M in U.S.-listed holdings across 53 positions for Q3 2019.

Its largest position, Nabors Industries, represents 5.2% of the portfolio.

Compared with Q2 2019, the fund opened 1 new position and exited 6.

Portfolio Metrics

Turnover
+17.4%
vs prior filed quarter
Top-10 Concentration
+37.3%
share of reported value
Largest Position
+5.2%
Nabors Industries
New / Exited
1 / 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: $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: 69.2%ADR: 18.5%Other: 9.7%REIT: 2.0%NY Reg Shrs: 0.6%
  • Common Stock · 69.2% · $22M
  • ADR · 18.5% · $6M
  • Other · 9.7% · $3M
  • REIT · 2.0% · $656,000
  • NY Reg Shrs · 0.6% · $203,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BHP Group PLCNEW+9.4K9.4K+$464,000$464,000
MDLZMONDELEZ INTL INCADDED+39.9K47.0K+$496,000$880,000
TSNTYSON FOODS INCADDED+12.0K14.9K−$62,000$173,000
PKXPOSCOADDED+11.3K16.0K+$693,000$943,000
ROYAL DUTCH SHELL PLCADDED+21.9K39.8K+$91,000$1M
TTENTotal S AADDED+18.7K35.0K−$705,000$202,000
PIONEER NAT RES COADDED+6.0K11.5K−$245,000$600,000
ANADARKO PETE CORPSOLD OUT−10.9K0−$766,000$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

53 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1Nabors Industries LtdSHS5.16%$2M44.2K
2BPBP PLChistory →SPONSORED ADR4.78%$2M40.9K
3ABXBarrick Gold Corphistory →COM4.76%$2M89.3K
4ROYAL DUTCH SHELL PLCSPONS ADR A3.87%$1M39.8K
5Bunge LTDCOM3.58%$1M20.6K
6SUSuncor Energy Inc Newhistory →COM3.55%$1M22.3K
7DEDeere & Cohistory →COM2.97%$965,0005.7K
8LYBLYONDELLBASELL INDUSTRIES Nhistory →SHS - A -2.92%$948,00015.6K
9PKXPOSCOhistory →SPONSORED ADR2.90%$943,00016.0K
10Noble Energy IncCOM2.81%$913,00018.3K
11CNQCANADIAN NATL RES LTDhistory →COM2.80%$909,00034.1K
12MDLZMONDELEZ INTL INChistory →CL A2.71%$880,00047.0K
13ENBEnbridge Inchistory →COM2.68%$871,00024.8K
14APDAIR PRODS & CHEMS INChistory →COM2.45%$798,0003.6K
15EOGEOG RES INChistory →COM2.37%$772,00010.4K
16SLBSchlumberger Ltdhistory →COM2.34%$760,00014.6K
17Westrock CoCOM2.28%$740,0005.9K
18CNICANADIAN NATL RY COhistory →COM2.17%$704,0007.8K
19ZTSZoetis Inchistory →CL A2.07%$674,0005.9K
20WYWeyerhaeuser Cohistory →COM2.02%$656,00024.9K
21KMIKINDER MORGAN INC DELhistory →COM2.01%$655,0007.3K
22CVXChevron Corp Newhistory →COM2.01%$654,0005.5K
23PKGPackaging Corp Amerhistory →COM1.93%$629,0005.0K
24VALEVale S Ahistory →ADR1.92%$624,00022.5K
25KANSAS CITY SOUTHERNCOM NEW1.85%$603,0004.5K
26PIONEER NAT RES COCOM1.85%$600,00011.5K
27DDDuPont de Nemours Inchistory →COM1.79%$583,0008.2K
28UGPULTRAPAR PARTICIPACOES S Ahistory →SP ADR REP COM1.64%$533,00046.4K
29BHP Group PLCSPONSORED ADR1.43%$464,0009.4K
30CATCaterpillar Ord Shshistory →COM1.35%$438,0003.5K
31ADMArcher Daniels Midland Cohistory →COM1.33%$434,00010.6K
32LNGCheniere Energy Inchistory →COM NEW1.32%$429,0006.8K
33DOWDow Inchistory →COM1.24%$402,0008.4K
34EXMOCExxon Mobil Corphistory →COM1.23%$401,0005.7K
35MPCMarathon Pete Corphistory →COM1.21%$394,0007.1K
36RIORio Tinto PLChistory →SPONSORED ADR1.12%$365,00010.7K
37IPINTL PAPER COhistory →COM1.08%$351,0008.4K
38UNITED STATES STL CORP NEWCOM1.07%$349,0009.6K
39NTRNutrien Ord ShsCOM0.99%$323,0003.0K
40ATLANTICA YIELD PLCSHS0.96%$313,00013.0K
41CFCF INDS HLDGS INCCOM0.93%$302,00012.2K
42ALCOA CORPCOM0.93%$301,00015.0K
43TKCTURKCELL ILETISIM HIZMETLERISPON ADR NEW0.90%$292,00065.2K
44TRPTC Energy CorpCOM0.77%$251,0002.9K
45FCXFREEPORT-MCMORAN INCCL B0.75%$245,00025.6K
46CTVACorteva IncCOM0.74%$240,0008.6K
47BRF SASPONSORED ADR0.74%$239,00026.1K
48PBAPembina Pipeline CorpCOM0.66%$215,0004.6K
49NEMNewmont Goldcorp CorporationCOM0.64%$208,0009.3K
50ALBAlbemarle CorpCOM0.64%$207,0003.0K
51MTARCELORMITTAL SA LUXEMBOURGNY REGISTRY SH0.62%$203,00014.3K
52TTENTotal S ASPONSORED ADR0.62%$202,00035.0K
53TSNTYSON FOODS INCCL A0.53%$173,00014.9K

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

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 ↗.