Managers / Q4 2019 · view latest →
Capital Innovations LLC
CIK 0001596076 · N19W24400 RIVERWOOD DR, STE 350, WAUKESHA, WI, 53188 · 262-746-3100
Summary
Capital Innovations LLC reported $14M in U.S.-listed holdings across 28 positions for Q4 2019.
The portfolio is heavily concentrated: ABX alone accounts for 26.4% of reported value.
Compared with Q3 2019, the fund opened 0 new positions and exited 25.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 82.7% · $12M
- ADR · 10.9% · $2M
- Other · 4.4% · $617,000
- REIT · 2.0% · $283,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TRPTC Energy Corp | ADDED | +9.4K | 12.3K | +$403,000 | $654,000 |
| NTRNutrien Ord Shs | ADDED | +9.6K | 12.6K | +$282,000 | $605,000 |
| NEMNewmont Goldcorp Corporation | ADDED | +15.3K | 24.6K | +$862,000 | $1M |
| DEDeere & Co | SOLD OUT | −5.7K | 0 | −$965,000 | $0 |
| PKXPOSCO | SOLD OUT | −16.0K | 0 | −$943,000 | $0 |
| Noble Energy Inc | SOLD OUT | −18.3K | 0 | −$913,000 | $0 |
| APDAIR PRODS & CHEMS INC | SOLD OUT | −3.6K | 0 | −$798,000 | $0 |
| Westrock Co | SOLD OUT | −5.9K | 0 | −$740,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2019
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | Under review | 53 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | Under review | 51 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $667,000 | 5 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $14M | 28 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $33M | 53 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $38M | 58 | Aug 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $38M | 61 | Apr 25, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $31M | 56 | Feb 13, 2019 | 13F-HR | changes · 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 ↗.