Heronetta Management, L.P.
CIK:0001588225
Investment Adviser
$324M AUM
25 holdings
New York, NY, United States
Independent investment product manager specializing in high-yielding assets in the energy infrastructure sector, with a focus on Master Limited Partnerships (MLPs), General Partners of MLPs, and C-Corps. The firm employs a conservative, long-term, tax-advantaged investment strategy for high-net-worth individuals, institutions, and qualified plans.
Investment Strategy
Tax-advantaged, long-term investing in publicly traded natural resource vehicles (MLPs, GP of MLPs, C-Corps), with additional focus on high-yielding Canadian listed securities in energy infrastructure.
Top Buys
E
EMRAFEMERA INC+$4.1M
W
WMBWILLIAMS COS INC+$842.6K
C
CPCANADIAN PACIFIC KANSAS CITY+$642.1K
T
TRPTC ENERGY CORP+$350.8K
T
TACTRANSALTA CORP+$214.5K
Top Sells
O
OKEONEOK INC NEW-$2.8M
E
EPDENTERPRISE PRODS PARTNERS L-$1.7M
P
PBAPEMBINA PIPELINE CORP-$1.2M
M
MPLXMPLX LP-$715.7K
S
SUSUNCOR ENERGY INC NEW-$621.7K
Top Holdings
M
MPLXMPLX LP+10.2%$18.3M
W
WMBWILLIAMS COS INC+9.7%$17.4M
E
EPDENTERPRISE PRODS PARTNERS L+9.5%$17.0M
E
ETENERGY TRANSFER L P+8.9%$16.0M
O
OKEONEOK INC NEW+7.1%$12.8M
Equity Positions (25)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MPLX | MPLX LP | 10.22% | $18.3M | 356,064 | $33.43 | $51.51 | -$715.7K |
W WMB | WILLIAMS COS INC | 9.67% | $17.4M | 276,277 | $26.49 | $62.81 | +$842.6K |
E EPD | ENTERPRISE PRODS PARTNERS L | 9.49% | $17.0M | 549,248 | $25.53 | $31.01 | -$1.7M |
E ET | ENERGY TRANSFER L P | 8.93% | $16.0M | 884,154 | $12.45 | $18.13 | -$406.7K |
O OKE | ONEOK INC NEW | 7.13% | $12.8M | 156,802 | $59.19 | $81.63 | -$2.8M |
Industry Allocation
NATURAL GAS TRANSMISSION
+40.6%
PIPE LINES (NO NATURAL GAS)
+19.8%
RAILROADS, LINE-HAUL OPERATING
+9.6%
NATURAL GAS TRANSMISISON & DISTRIBUTION
+7.1%
CRUDE PETROLEUM & NATURAL GAS
+7.0%