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CHICKASAW CAPITAL MANAGEMENT LLC

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MEMPHIS TN Investment Advisor Hedge Fund
13F Summary

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Chickasaw Capital Management is based out of Memphis. Chickasaw Capital Management is a hedge fund with 388 clients and discretionary assets under management (AUM) of $1,971,596,648 (Form ADV from 2024-04-16). Their last reported 13F filing for Q4 2024 included $2,473,266,000 in managed 13F securities and a top 10 holdings concentration of 83.34%. Chickasaw Capital Management's largest holding is Targa Resources Corp with shares held of 1,797,757. Whalewisdom has at least 89 13F filings, and 53 13G filings
Business Description
Chickasaw Capital Management, LLC (CCM) is a Delaware limited liability company that has been in business since 2003. They provide investment advisory services to a variety of clients, including institutions, high net worth individuals, private funds, and the MainGate MLP Fund, an open-end mutual fund registered under the Investment Company Act of 1940. CCM's advisory services are primarily provided on a discretionary basis, but they can also be provided on a non-discretionary basis. In either case, the services are subject to investment guidelines outlined in the investment advisory contract. CCM also manages certain investment advisory accounts that do not involve investment supervisory services and provides investment management services to clients in wrap fee programs.
Investment Strategy
Chickasaw Capital Management (CCM) employs a diverse range of investment strategies, including MLP, equity, and core investment strategies. They may engage in long-term and short-term purchases, short sales, short-term trading, and margin transactions to implement these strategies. CCM's investment philosophy centers on building a portfolio with the potential for strong total returns, achieved through ownership of public companies with growing earnings, revaluation of a company's earnings to a higher multiple, or a combination of both. They seek long-term appreciation by investing in high-quality companies with superior management, focusing on factors like return on capital, growth prospects, and valuation. CCM aims to cultivate value by investing at fair prices in strong, industry-leading businesses with potential for above-market growth, purchasing undervalued securities of promising businesses, and identifying opportunities for both strong growth and multiple expansion.
Owners
  • GAMMILL, JEFFREY, LEE - CHIEF COMPLIANCE OFFICER
  • MAVAR, GEOFFREY, PAUL - CLASS A MEMBER; MANAGING MEMBER
  • MEAD, MATTHEW, GREGORY - CLASS A MEMBER; MANAGING MEMBER
  • ESTATE OF DAVID N. FLEISCHER - CLASS C MEMBER
  • WALKER, ROBERT, MARK THOMAS - CLASS B MEMBER
  • GARRETT, ANDREW, EDWARD - CHIEF LEGAL OFFICER
  • BULAWA, BRYAN, FRANCIS - CLASS B MEMBER
  • FLEISCHER 2012 FAMILY TRUST - CLASS C MEMBER
  • Click on the Ownership/Private Fund Data tab for more details.
Other Contact Information
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2024-12-31

Top Buys (13F)

2024-12-31

Top Sells (13F)

2024-12-31

13F Holdings Summary

Name $ Change
TRGP Targa Resources Corp 12.97%
ET Energy Transfer LP 12.47%
MPLX MPLX L.P 10.77%
WES Western Midstream Pa 10.5%
OKE Oneok Inc. 8.09%

2024-12-31

13F Activity

Market Value $2.47b, Prior: $2.34b
Inflows (Outflows) as % of Total MV (-3.0118)%
New Purchases 1 stocks
Added To 13 stocks
Sold out of 5 stocks
Reduced holdings in 52 stocks
Top 10 Holdings % 83.34%
Turnover %[1] 5.94%
Turnover Alt %[2] 2.87%
Time Held Top 20 31.8 quarters
Time Held Top 10 18 quarters
Time Held All 32.23 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

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2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance