BEACH INVESTMENT COUNSEL INC/PA

13F filer, CIK 1058800, WEST CONSHOHOCKEN, PA

BEACH INVESTMENT COUNSEL INC/PA reported $840,612,000 across 155 holdings for the quarter ended 2023-06-30, in a 13F-HR filed 2023-07-20. Its ten largest share positions make up 41.62% of the portfolio.

Filed 2023-07-20 (acceptance time not in the bulk data set), ingested 2026-10-07 18:31:37 UTC13F-HR 0001058800-23-000003

Period: 2023-06-30
Reported value: $841M
Holdings: 155
Top 10 weight: 41.62%
New: 14
Sold out: 11

Largest buys vs the previous quarter

Security	Shares change	Approx. value
GOOGLadded	+97,511	$11.7M
MSFTadded	+31,815	$10.8M
AMZNadded	+78,900	$10.3M
HRnew	+455,026	$8.58M
PNCadded	+60,842	$7.66M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
CCKreduced	-82,076	-$7.13M
SLBreduced	-118,394	-$5.82M
NFLXexited	-13,531	-$4.67M
TMUSreduced	-33,517	-$4.66M
VSTreduced	-162,594	-$4.27M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2023

Share positions as resolved from 13F-HR 0001058800-23-000003, largest first. % of portfolio is the value over $840,612,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
XIFRXPLR INFRASTRUCTURE LP	1,301,140	$76.3M	9.08%	-8,675	Timeline
EPDENTERPRISE PRODS PARTNERS L	2,356,103	$62.1M	7.39%	-17,255	Timeline
ETENERGY TRANSFER L P	2,978,596	$37.8M	4.5%	-6,673	Timeline
HOWARD HUGHES CORPORATIONHOWARD HUGHES CORPORATION	393,539	$31.1M	3.69%	-2,248
MAGELLAN MIDSTREAM PARTNERS…MAGELLAN MIDSTREAM PARTNERS, L	473,576	$29.5M	3.51%	-6,179
MPLXMPLX LP	756,148	$25.7M	3.05%	-2,293	Timeline
AAPLAPPLE INC	124,990	$24.2M	2.88%	-4,340	Timeline
KWKENNEDY-WILSON HOLDINGS INC	1,470,005	$24M	2.86%	+247,762	Timeline
NEENEXTERA ENERGY INC	265,989	$19.7M	2.35%	-2,582	Timeline
NSRGYNESTLE SA-SPONS ADR	161,629	$19.5M	2.31%	+17,576	Timeline
MDLZMONDELEZ INTL INC	224,261	$16.4M	1.95%	+16,782	Timeline
JPMJPMORGAN CHASE & CO	107,739	$15.7M	1.86%	+34,355	Timeline
KOCOCA COLA CO	224,775	$13.5M	1.61%	+27,622	Timeline
AMZNAMAZON COM INC	102,839	$13.4M	1.59%	+78,900	Timeline
MSFTMICROSOFT CORP	37,536	$12.8M	1.52%	+31,815	Timeline
VSTVISTRA CORP	479,305	$12.6M	1.5%	-162,594	Timeline
GOOGLALPHABET INC	104,531	$12.5M	1.49%	+97,511	Timeline
MAMASTERCARD INCORPORATED	31,397	$12.3M	1.47%	-47	Timeline
VVISA INC	43,585	$10.4M	1.23%	-77	Timeline
PNCPNC FINL SVCS GROUP INC	80,682	$10.2M	1.21%	+60,842	Timeline
BAESYBAE SYSTEMS PLC -SPON ADR	208,260	$9.99M	1.19%	-76,858	Timeline
XELXCEL ENERGY INC	150,133	$9.33M	1.11%	+26,273	Timeline
CNPCENTERPOINT ENERGY INC	315,447	$9.2M	1.09%	0	Timeline
JNJJOHNSON & JOHNSON	55,480	$9.18M	1.09%	-1,110	Timeline
AEEAMEREN CORP	109,690	$8.96M	1.07%	+20,079	Timeline
PHMPULTE GROUP INC	110,671	$8.6M	1.02%	+96,449	Timeline
HRHEALTHCARE RLTY TR	455,026	$8.58M	1.02%	new	Timeline
DTEDTE ENERGY CO	75,378	$8.29M	0.99%	-497	Timeline
WYWEYERHAEUSER CO	225,670	$7.56M	0.9%	-3,650	Timeline
BACBANK OF AMER CORP	241,717	$6.93M	0.82%	-32,713	Timeline
MRKMERCK & CO INC	59,223	$6.83M	0.81%	-1,660	Timeline
FDXFEDEX CORP	26,875	$6.66M	0.79%	-1,668	Timeline
CWENCLEARWAY ENERGY INC	228,989	$6.54M	0.78%	-2,858	Timeline
PGPROCTER & GAMBLE CO	42,526	$6.45M	0.77%	-450	Timeline
SHELSHELL PLC	106,618	$6.44M	0.77%	+11,088	Timeline
ANNALY CAP MGMT INC PFD SER…ANNALY CAP MGMT INC PFD SER F	251,172	$6.38M	0.76%	new
PCGPG&E CORP	367,314	$6.35M	0.76%	new	Timeline
FCXFREEPORT MCMORAN INC	156,122	$6.25M	0.74%	-82,531	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	13,960	$6.19M	0.74%	0	Timeline
APOAPOLLO GLOBAL MGMT INC	79,138	$6.08M	0.72%	new	Timeline
FITBFIFTH THIRD BANCORP	224,781	$5.89M	0.7%	new	Timeline
TMUST-MOBILE US INC	41,853	$5.81M	0.69%	-33,517	Timeline
BRK-BBERKSHIRE HATHAWAY INC DEL	16,850	$5.75M	0.68%	0	Timeline
BIPBROOKFIELD INFRASTRUCTURE PA	154,843	$5.65M	0.67%	-3,750	Timeline
HERSHA HOSPITALITY TRUSTHERSHA HOSPITALITY TRUST	285,562	$5.53M	0.66%	new
CVXCHEVRON CORPORATION	33,801	$5.32M	0.63%	-20,868	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	10,150	$5.3M	0.63%	-5	Timeline
CCSCENTURY COMMUNITIES INC	67,601	$5.18M	0.62%	+46,782	Timeline
RPT REALTYRPT REALTY	100,631	$4.93M	0.59%	+38
PUBLIC STORAGE DEPOSHS REPS…PUBLIC STORAGE DEPOSHS REPSTG	235,598	$4.58M	0.54%	0
BXBLACKSTONE INC	47,736	$4.44M	0.53%	-1,100	Timeline
KKRKKR & CO INC	78,100	$4.37M	0.52%	-2,400	Timeline
SITE CENTERS 6.375SITE CENTERS 6.375	178,974	$4.3M	0.51%	new
PEPPEPSICO INC	23,065	$4.27M	0.51%	-80	Timeline
PFEPFIZER INC	116,160	$4.26M	0.51%	-2,500	Timeline
SLBSLB LIMITED	84,257	$4.14M	0.49%	-118,394	Timeline
SIEGYSIEMENS AG-SPONS ADR	46,998	$3.92M	0.47%	-1,871	Timeline
NVSNOVARTIS AG	38,280	$3.86M	0.46%	-1,415	Timeline
RHHBYROCHE HOLDINGS LTD-SPONS ADR	98,426	$3.76M	0.45%	-2,920	Timeline
NGGNATIONAL GRID PLC	55,091	$3.71M	0.44%	-1,000	Timeline
BUDANHEUSER BUSCH INBEV SA NV	65,520	$3.71M	0.44%	-1,050	Timeline
UNILEVER PLCUNILEVER PLC	68,932	$3.59M	0.43%	-1,400
RTXRTX CORPORATION	35,617	$3.49M	0.42%	-17	Timeline
DOCHEALTHPEAK PROPERTIES INC	169,035	$3.4M	0.4%	+13,650	Timeline
SYKSTRYKER CORPORATION	10,762	$3.28M	0.39%	-2,000	Timeline
GOOGALPHABET INC	26,795	$3.24M	0.39%	-1,800	Timeline
Spirit Realty Pr ASpirit Realty Pr A	141,153	$3.15M	0.37%	new
CRH PLC ADSCRH PLC ADS	55,924	$3.12M	0.37%	new
VORNADO RLTY TR PFD SER O WIVORNADO RLTY TR PFD SER O WI	227,274	$3.06M	0.36%	new
MDTMEDTRONIC PLC	34,725	$3.06M	0.36%	-1,300	Timeline
ADPAUTOMATIC DATA PROCESSING IN	13,672	$3M	0.36%	0	Timeline
COSTCOSTCO WHOLESALE CORPORATION	5,480	$2.95M	0.35%	0	Timeline
CCKCROWN HLDGS INC	32,823	$2.85M	0.34%	-82,076	Timeline
UNPUNION PAC CORP	13,342	$2.73M	0.32%	0	Timeline
ENGIYENGIE-SPON ADR	162,115	$2.7M	0.32%	-4,500	Timeline
SYYSYSCO CORP	34,334	$2.55M	0.3%	0	Timeline
CSCOCISCO SYS INC	47,809	$2.47M	0.29%	-1,750	Timeline
CVSCVS HEALTH CORP	33,470	$2.31M	0.28%	-300	Timeline
DTEGYDEUTSCHE TELEKOM AG-SPON ADR	99,060	$2.16M	0.26%	-3,800	Timeline
DISDISNEY WALT CO	24,117	$2.15M	0.26%	-266	Timeline
CCITIGROUP INC	45,789	$2.11M	0.25%	-1,298	Timeline
WMBWILLIAMS COS INC	63,646	$2.08M	0.25%	0	Timeline
LLYELI LILLY & CO	4,170	$1.96M	0.23%	0	Timeline
PAGPPLAINS GP HLDGS L P	126,900	$1.88M	0.22%	-30,386	Timeline
CDNSCADENCE DESIGN SYSTEM INC	7,924	$1.86M	0.22%	0	Timeline
DHLGYDHL AG - ADR	36,366	$1.78M	0.21%	-1,250	Timeline
UBSUBS GROUP AG	85,646	$1.74M	0.21%	-800	Timeline
VEOEYVEOLIA ENVIRONNEMENT-ADR	104,826	$1.67M	0.2%	+50,113	Timeline
PLDPROLOGIS INC.	12,695	$1.56M	0.19%	0	Timeline
BRK-ABERKSHIRE HATHAWAY INC DEL	3	$1.55M	0.18%	0	Timeline
UNHUNITEDHEALTH GROUP INC	3,200	$1.54M	0.18%	-152	Timeline
FMXFOMENTO ECONOMICO MEXICANO S	12,157	$1.35M	0.16%	-140	Timeline
IBDRYIBERDROLA SA-SPONSORED ADR	25,755	$1.35M	0.16%	0	Timeline
AXPAMERICAN EXPRESS CO	7,633	$1.33M	0.16%	0	Timeline
XOMEXXON MOBIL CORP	11,755	$1.26M	0.15%	0	Timeline
METAMETA PLATFORMS INC	3,875	$1.11M	0.13%	0	Timeline
IYWISHARES TR	9,800	$1.07M	0.13%	0	Timeline
VZVERIZON COMMUNICATIONS INC	26,594	$989K	0.12%	-1,000	Timeline
EMREMERSON ELEC CO	10,873	$983K	0.12%	-450	Timeline
GPCGENUINE PARTS CO	5,717	$967K	0.12%	0	Timeline
KMIKINDER MORGAN INC DEL	53,871	$928K	0.11%	0	Timeline
BROOKFIELD INFRASTRUCT FCLA…BROOKFIELD INFRASTRUCT FCLASS …	19,844	$905K	0.11%	-414
WBDWARNER BROS DISCOVERY INC	71,121	$892K	0.11%	-1,400	Timeline
XRAYDENTSPLY SIRONA INC	22,091	$884K	0.11%	-2,900	Timeline
LINLINDE PLC	2,250	$856K	0.1%	0	Timeline
DEDEERE & CO	2,041	$827K	0.1%	-15	Timeline
ORCLORACLE CORP	6,700	$798K	0.09%	0	Timeline
CBCHUBB LIMITED	4,078	$785K	0.09%	+103	Timeline
SSREYSWISS RE LTD-SPN ADR	29,275	$739K	0.09%	0	Timeline
KMBKIMBERLY-CLARK CORP	5,159	$712K	0.08%	-400	Timeline
AIGAMERICAN INTL GROUP INC	11,948	$687K	0.08%	0	Timeline
ELLAUDER ESTEE COS INC	3,415	$671K	0.08%	+270	Timeline
GWWWW GRAINGER INC	848	$669K	0.08%	0	Timeline
TAT&T INC	41,293	$659K	0.08%	-300	Timeline
IBMINTERNATIONAL BUSINESS MACHS	4,903	$656K	0.08%	0	Timeline
SPGIS&P GLOBAL INC	1,600	$641K	0.08%	0	Timeline
MMM3M CO	6,404	$641K	0.08%	-30	Timeline
EONGYE.ON SE -SPONSORED ADR	49,300	$627K	0.07%	-2,500	Timeline
ITWILLINOIS TOOL WKS INC	2,339	$585K	0.07%	0	Timeline
CMCSACOMCAST CORP NEW	13,036	$542K	0.06%	0	Timeline
MCDMCDONALDS CORP	1,635	$488K	0.06%	0	Timeline
LDOSLEIDOS HOLDINGS INC	5,420	$480K	0.06%	+200	Timeline
ABTABBOTT LABORATORIES	4,268	$465K	0.06%	-700	Timeline
NOCNORTHROP GRUMMAN CORP	1,000	$456K	0.05%	0	Timeline
TRITHOMSON REUTERS CORP	3,231	$436K	0.05%	new	Timeline
WFCWELLS FARGO & CO	10,164	$434K	0.05%	0	Timeline
ABALLIANCEBERNSTEIN HLDG L P	13,325	$429K	0.05%	-700	Timeline
SCHWCHARLES SCHWAB CORP (THE)	7,478	$424K	0.05%	-362	Timeline
APDAIR PRODUCTS AND CHEMICALS I	1,411	$423K	0.05%	0	Timeline
CATCATERPILLAR INC	1,698	$418K	0.05%	-15	Timeline
METMETLIFE INC	7,300	$413K	0.05%	-500	Timeline
BDXBECTON DICKINSON & CO	1,520	$401K	0.05%	-150	Timeline
STTSTATE STR CORP	5,418	$396K	0.05%	0	Timeline
WISDOMTREE TRWISDOMTREE TR	10,500	$382K	0.05%	0
BABOEING CO	1,789	$378K	0.04%	0	Timeline
INTCINTEL CORP	11,004	$368K	0.04%	0	Timeline
MDYSTATE STR SPDR S&P MIDCAP 40	710	$340K	0.04%	0	Timeline
IWFISHARES TR	1,200	$330K	0.04%	0	Timeline
GEGE AEROSPACE	2,908	$319K	0.04%	0	Timeline
STAGSTAG INDUSTRIAL INC	8,725	$313K	0.04%	0	Timeline
IWNISHARES TR	2,080	$293K	0.03%	0	Timeline
ABBNYABB LTD-SPON ADR	7,300	$287K	0.03%	0	Timeline
VORNADO REALTY TRUST PFD SE…VORNADO REALTY TRUST PFD SER L	17,559	$274K	0.03%	new
ENLAYENEL SPA - UNSPON ADR	38,221	$256K	0.03%	0	Timeline
CMICUMMINS INC	1,026	$252K	0.03%	0	Timeline
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DEL	7,480	$245K	0.03%	0
UBERUBER TECHNOLOGIES INC	5,500	$237K	0.03%	new	Timeline
GLWCORNING INC	6,500	$228K	0.03%	-1,200	Timeline
ACNACCENTURE PLC IRELAND	700	$216K	0.03%	0	Timeline
PCHPOTLATCHDELTIC CORP	4,025	$213K	0.03%	new	Timeline
ENBENBRIDGE INC	5,455	$203K	0.02%	0	Timeline
SONYSONY GROUP CORP	2,225	$200K	0.02%	0	Timeline
EQUITRANS MIDSTREAM CORP NPVEQUITRANS MIDSTREAM CORP NPV	19,741	$189K	0.02%	0
GTGOODYEAR TIRE & RUBR CO	10,403	$142K	0.02%	0	Timeline
VTRSVIATRIS INC	12,179	$122K	0.01%	0	Timeline

Sold out in Q2 2023

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
NFLXNETFLIX INC.	13,531	$4.67M	shares
TFCTRUIST FINL CORP	31,612	$1.08M	shares
THOMPSON REUTERS CORPTHOMPSON REUTERS CORP	3,354	$436K	shares
BELFBBEL FUSE INC	6,555	$246K	shares
CCICROWN CASTLE INC	1,675	$224K	shares
PSXPHILLIPS 66	2,160	$219K	shares
WMTWALMART INC	1,453	$214K	shares
BWELBOSWELL (JG) CO	300	$207K	shares
BEPBROOKFIELD RENEWABLE ENERGY	6,450	$203K	shares
PARAMOUNT GLOBALPARAMOUNT GLOBAL	9,059	$202K	shares
AMBPARDAGH METAL PACKAGING S A	10,840	$44K	shares

How Q2 2023 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001058800-23-000003	base		2023-07-20	acceptance time not in the bulk data set	2026-10-07 18:31:37 UTC