TPH Asset Management, LLC

13F filer, CIK 1535249, HOUSTON, TX

TPH Asset Management, LLC reported $872,793,000 across 110 holdings for the quarter ended 2016-03-31, in a 13F-HR filed 2016-05-13. Its ten largest share positions make up 33.92% of the portfolio.

Filed 2016-05-13 (acceptance time not in the bulk data set), ingested 2026-10-07 19:13:19 UTC13F-HR 0000902664-16-007033

Period: 2016-03-31
Reported value: $873M
Holdings: 110
Top 10 weight: 33.92%
New: 17
Sold out: 53

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CVXnew	+194,100	$18.5M
TRANSCANADA CORPadded	+438,568	$17.2M
VALERO ENERGY PARTNERS LPadded	+355,595	$16.1M
BUCKEYE PARTNERS LP (BPL)added	+215,714	$14.5M
EPDadded	+548,496	$13.2M

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
ENERGY TRANSFER PRTNRS L Preduced	-193,549	-$6.26M
MPLXreduced	-169,715	-$5.04M
TEEKAY CORPORATIONexited	-485,193	-$4.79M
CQPreduced	-163,162	-$4.71M
VITAL ENERGY INCreduced	-528,910	-$4.19M

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, Q1 2016

Share positions as resolved from 13F-HR 0000902664-16-007033, largest first. % of portfolio is the value over $866,929,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
Boardwalk Pipeline PtnrsBoardwalk Pipeline Ptnrs	2,672,992	$38.8M	4.47%	+676,322	The CUSIP as filed is malformed.
EPDENTERPRISE PRODS PARTNERS L	1,613,256	$38.7M	4.47%	+548,496		Timeline
EQM MIDSTREAM PARTNERS LPEQM MIDSTREAM PARTNERS LP	451,809	$33M	3.81%	+121,722
MACQUARIE INFRASTRUCTURE HO…MACQUARIE INFRASTRUCTURE HOLDI	478,020	$32.2M	3.72%	+119,692
BUCKEYE PARTNERS LP (BPL)BUCKEYE PARTNERS LP (BPL)	471,072	$31.7M	3.65%	+215,714
SUNSUNOCO LP/SUNOCO FIN CORP	858,618	$27.8M	3.2%	+158,563		Timeline
VALERO ENERGY PARTNERS LPVALERO ENERGY PARTNERS LP	544,616	$24.7M	2.85%	+355,595
CQPCHENIERE ENERGY PARTNERS L P	788,426	$22.7M	2.62%	-163,162		Timeline
EOGEOG RES INC	310,030	$22.5M	2.6%	+104,500		Timeline
WESTERN REFNG LOGISTICS LPWESTERN REFNG LOGISTICS LP	965,499	$22M	2.54%	+333,577
COLUMBIA PIPELINE GROUP INCCOLUMBIA PIPELINE GROUP INC	815,370	$20.5M	2.36%	+236,923
ENERGY TRANSFER PRTNRS L PENERGY TRANSFER PRTNRS L P	620,470	$20.1M	2.31%	-193,549
CVXCHEVRON CORPORATION	194,100	$18.5M	2.14%	new		Timeline
FANGDIAMONDBACK ENERGY INC	233,200	$18M	2.08%	+4,100		Timeline
TRANSCANADA CORPTRANSCANADA CORP	451,264	$17.7M	2.05%	+438,568
SEMGROUP CORPSEMGROUP CORP	757,543	$17M	1.96%	-140,215
WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHS	1,984,666	$15.4M	1.78%	+196,216
CHORD ENERGY CORPORATIONCHORD ENERGY CORPORATION	2,045,700	$14.9M	1.72%	-141,000
ANADARKO PETE CORPANADARKO PETE CORP	319,607	$14.9M	1.72%	+84,142	The CUSIP as filed is malformed.
HALHALLIBURTON CO	390,765	$14M	1.61%	+104,330		Timeline
RICE ENERGY INCRICE ENERGY INC	987,955	$13.8M	1.59%	-276,775
ENBENBRIDGE INC	344,185	$13.4M	1.54%	-13,779		Timeline
ANTERO MIDSTREAM LPANTERO MIDSTREAM LP	568,427	$12.6M	1.45%	+225,591
SUNOCO LOGISTICS PRTNRS L PSUNOCO LOGISTICS PRTNRS L P	530,419	$12.4M	1.43%	+59,109
MAGELLAN MIDSTREAM PARTNERS…MAGELLAN MIDSTREAM PARTNERS, L	180,201	$12.4M	1.43%	+144,185
NEENEXTERA ENERGY INC	102,645	$12.1M	1.4%	-17,516		Timeline
WPX ENERGY INCWPX ENERGY INC	1,717,850	$12M	1.39%	+228,580
KMIKINDER MORGAN INC DEL	627,394	$11.2M	1.29%	+422,099		Timeline
VITAL ENERGY INCVITAL ENERGY INC	1,320,266	$10.5M	1.21%	-528,910
TESORO LOGISTICS LPTESORO LOGISTICS LP	228,777	$10.4M	1.2%	+156,902
CHENIERE ENERGY PTNRS LP HLDCHENIERE ENERGY PTNRS LP HLD	565,938	$10.2M	1.18%	+69,766
SRESEMPRA	98,172	$10.2M	1.18%	-34,337		Timeline
AMERICAN WATER WORKS CO INCAMERICAN WATER WORKS CO INC	144,957	$9.99M	1.15%	-35,470	The CUSIP as filed is malformed.
ROYAL DUTCH SHELL PLC SPN A…ROYAL DUTCH SHELL PLC SPN ADR	205,750	$9.97M	1.15%	new
DKLDELEK LOGISTICS PARTNERS LP	324,230	$9.52M	1.1%	+191,848		Timeline
SLBSLB LIMITED	125,200	$9.23M	1.07%	new		Timeline
EQT GP HLDGS LPEQT GP HLDGS LP	316,313	$8.53M	0.98%	+110,695
Phillips 66 Partners LPPhillips 66 Partners LP	135,681	$8.49M	0.98%	+6,115
NUSTAR GP HOLDINGS LLCNUSTAR GP HOLDINGS LLC	407,199	$8.44M	0.97%	-164,207
BAKER HUGHES INC.BAKER HUGHES INC.	188,820	$8.28M	0.95%	+28,900	The CUSIP as filed is malformed.
PATTERN ENERGY GROUP INCPATTERN ENERGY GROUP INC	427,779	$8.16M	0.94%	-67,783
PSXPHILLIPS 66	92,488	$8.01M	0.92%	+21,438		Timeline
DOMINION ENERGY MIDSTRM PRTNDOMINION ENERGY MIDSTRM PRTN	235,070	$7.93M	0.92%	-22,644
XIFRXPLR INFRASTRUCTURE LP	270,963	$7.37M	0.85%	+21,439		Timeline
Spectra Energy PartnersSpectra Energy Partners	151,022	$7.27M	0.84%	+108,161
FORUM ENERGY TECHNOLOGIESFORUM ENERGY TECHNOLOGIES	546,985	$7.22M	0.83%	new
PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO	49,650	$6.99M	0.81%	+43,150
BASIC ENERGY SERVICES INCBASIC ENERGY SERVICES INC	2,315,250	$6.39M	0.74%	-427,770
Concho Resources Inc.Concho Resources Inc.	61,260	$6.19M	0.71%	+48,300
CTRACOTERRA ENERGY INC	270,400	$6.14M	0.71%	+198,400		Timeline
EQTEQT CORP	90,350	$6.08M	0.7%	+43,550		Timeline
STATOIL ASASTATOIL ASA	337,000	$5.24M	0.6%	new
PCGPG&E CORP	80,818	$4.83M	0.56%	+36,174		Timeline
NRG YIELD INCNRG YIELD INC	342,573	$4.65M	0.54%	+173,613
SPWRQSUNPOWER CORP	200,482	$4.48M	0.52%	+38,772		Timeline
MPLXMPLX LP	145,426	$4.32M	0.5%	-169,715		Timeline
EXCEXELON CORP	114,685	$4.11M	0.47%	+41,686		Timeline
DTEDTE ENERGY CO	45,233	$4.1M	0.47%	+9,081		Timeline
WESTERN GAS PARTNERS LPWESTERN GAS PARTNERS LP	91,300	$3.96M	0.46%	-19,167
EIXEDISON INTL	55,032	$3.96M	0.46%	-35,354		Timeline
TALLGRASS ENERGY PARTNERS LPTALLGRASS ENERGY PARTNERS LP	98,075	$3.76M	0.43%	+27,458
GLNGGOLAR LNG LTD	185,026	$3.33M	0.38%	+18,545		Timeline
XOMEXXON MOBIL CORP	38,400	$3.21M	0.37%	new		Timeline
Gulfport EnergyGulfport Energy	108,025	$3.06M	0.35%	-3,000
SHELL MIDSTREAM PARTNERS L PSHELL MIDSTREAM PARTNERS L P	97,575	$3.05M	0.35%	new
WHITING PETE CORP NEWWHITING PETE CORP NEW	5,000	$2.96M	0.34%	0
ATMOS ENERGY CORPATMOS ENERGY CORP	34,677	$2.58M	0.3%	+4,491	The CUSIP as filed is malformed.
NOBLE ENERGY INCNOBLE ENERGY INC	81,062	$2.55M	0.29%	+18,000
RICE MIDSTREAM PARTNERS LPRICE MIDSTREAM PARTNERS LP	161,918	$2.41M	0.28%	+150,009
CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP	575,000	$2.37M	0.27%	+427,500
WMBWILLIAMS COS INC	146,444	$2.35M	0.27%	new		Timeline
CALPINE CORPCALPINE CORP	154,633	$2.35M	0.27%	-263,769
CMSCMS ENERGY CORP	53,015	$2.25M	0.26%	-1,384		Timeline
C&J ENERGY SVCS LTD SHSC&J ENERGY SVCS LTD SHS	1,561,453	$2.2M	0.25%	+183,773
DDOMINION ENERGY INC	27,953	$2.1M	0.24%	-44,483		Timeline
STONE ENERGY CORPSTONE ENERGY CORP	5,451	$2.08M	0.24%	+1,451
COPCONOCOPHILLIPS	51,200	$2.06M	0.24%	new		Timeline
COBALT INTL ENERGY INCCOBALT INTL ENERGY INC	4,000	$1.95M	0.22%	0
ETENERGY TRANSFER L P	1,039,062	$1.91M	0.22%	-661,718		Timeline
COLUMBIA PIPELINE PARTNERS LCOLUMBIA PIPELINE PARTNERS L	129,820	$1.9M	0.22%	+103,964
Empire District Electric Co…Empire District Electric Co/Th	56,130	$1.85M	0.21%	new
MPCMARATHON PETE CORP	49,200	$1.83M	0.21%	+34,150		Timeline
ROSE ROCK MIDSTREAM LPROSE ROCK MIDSTREAM LP	126,957	$1.51M	0.17%	-121,069
PBF LOGISTICS LPPBF LOGISTICS LP	73,577	$1.39M	0.16%	new
PAAPLAINS ALL AMERN PIPELINE L	63,647	$1.33M	0.15%	+36,037		Timeline
SCANA CORP NEWSCANA CORP NEW	17,366	$1.22M	0.14%	+1,436
CIMAREX ENERGY CO COMCIMAREX ENERGY CO COM	11,300	$1.1M	0.13%	-5,800
NUSTAR ENERGY LPNUSTAR ENERGY LP	26,790	$1.08M	0.12%	-9,571
Western Midstream PartnersWestern Midstream Partners	29,537	$1.05M	0.12%	-17,404
DYNEGY INC NEW DELDYNEGY INC NEW DEL	59,684	$858K	0.1%	-238,637
AVANGRID INCAVANGRID INC	21,276	$853K	0.1%	-49,624
DVNDEVON ENERGY CORP NEW	30,115	$826K	0.1%	-5,140		Timeline
CONTINENTAL RES INCCONTINENTAL RES INC	27,200	$826K	0.1%	-6,300
PARSLEY ENERGY INCPARSLEY ENERGY INC	31,680	$716K	0.08%	-77,500
LACLEDE GROUP INC/THELACLEDE GROUP INC/THE	9,221	$625K	0.07%	+1,369
8POINT3 ENERGY PARTNERS LP8POINT3 ENERGY PARTNERS LP	40,361	$593K	0.07%	+19,576
VLOVALERO ENERGY CORP	8,100	$520K	0.06%	-2,800		Timeline
TRIANGLE PETE CORPTRIANGLE PETE CORP	902,135	$489K	0.06%	-895,657
NINISOURCE INC	20,542	$484K	0.06%	-7,354		Timeline
PNWPINNACLE WEST CAP CORP	5,715	$429K	0.05%	new		Timeline
TALLGRASS ENERGY LPTALLGRASS ENERGY LP	15,252	$282K	0.03%	-94,468
ENCANA CORPENCANA CORP	46,100	$281K	0.03%	-343,165
TXNMTXNM ENERGY INC	7,732	$261K	0.03%	new		Timeline
FRAC ENBRIDGE ENERGY MGMTFRAC ENBRIDGE ENERGY MGMT	573,279	$0	0%	new	Value filed as zero, left out of ratios.

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

Security	Type	Amount	Value	Change
DVNDEVON ENERGY CORP NEW Stock	call	162,500	$4.12M	+87,500
PBRPETROLEO BRASILEIRO S A SPONSORED ADR	put	1,481,200	$876K	new
CHESEPEAKE ENERGY CORPCHESEPEAKE ENERGY CORP COM	put	280,000	$618K	0
STONE ENERGY CORPSTONE ENERGY CORP COMMON STOCK	put	500,000	$119K	new
SUNEDISON INCSUNEDISON INC COM	put	335,000	$81K	-65,000
Lineage, Inc.Lineage, Inc. COM	call	150,000	$54K	new

Sold out in Q1 2016

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

Security	Shares before	Value before	Type
TEEKAY CORPORATIONTEEKAY CORPORATION	485,193	$4.79M	shares
ETENERGY TRANSFER L P	200,000	$2.75M	call
ABENGOA YIELD PLCABENGOA YIELD PLC	125,013	$2.41M	shares
MEMORIAL RESOURCE DEVELOPME…MEMORIAL RESOURCE DEVELOPMENT	143,165	$2.31M	shares
ITC HLDGS CORPITC HLDGS CORP	58,098	$2.28M	shares
Crestwood Equity PartnersCrestwood Equity Partners	103,200	$2.14M	call
SUNE 2 10/01/18SUNE 2 10/01/18	4,000	$2.07M	shares
CALIFORNIA RES CORP COMCALIFORNIA RES CORP COM	849,000	$1.98M	shares
NORTHERN OIL & GAS INC NEVNORTHERN OIL & GAS INC NEV	500,000	$1.93M	put
RIGTRANSOCEAN LTD	150,000	$1.86M	put
NRG YIELD INCNRG YIELD INC	130,320	$1.81M	shares
SEVENTY SEVEN ENERGY INCSEVENTY SEVEN ENERGY INC	1,661,612	$1.75M	shares
Plains Group Hldgs LPPlains Group Hldgs LP	151,338	$1.43M	shares
RRCRANGE RES CORP	50,000	$1.23M	call
RSP PERMIAN INCRSP PERMIAN INC	50,000	$1.22M	shares
ALPS ETF TRALPS ETF TR	100,000	$1.21M	call
BP Prudhoe Royalty TrustBP Prudhoe Royalty Trust	46,286	$1.15M	shares
EP ENERGY CORPEP ENERGY CORP	240,000	$1.05M	call
VANGUARDVANGUARD	350,200	$1.04M	put
Plains Group Hldgs LPPlains Group Hldgs LP	110,000	$1.04M	call
DIAMOND OFFSHORE DRILLING INDIAMOND OFFSHORE DRILLING IN	45,000	$950K	call
BONANZA CREEK EBONANZA CREEK E	180,000	$949K	call
APPROACH RESOURCES INCAPPROACH RESOURCES INC	504,000	$927K	call
GASLOG LTDGASLOG LTD	110,626	$918K	shares
PARRPAR PAC HOLDINGS INC	35,000	$824K	shares
FCXFREEPORT MCMORAN INC	118,750	$804K	shares
PBFPBF ENERGY INC	21,550	$793K	shares
FEFIRSTENERGY CORP	22,373	$710K	shares
TIDEWATER INCTIDEWATER INC	90,462	$630K	shares
TERRAFORM POWER INCTERRAFORM POWER INC	50,000	$629K	shares
XLUSELECT SECTOR SPDR TR	14,435	$625K	shares
TRIANGLE PETE CORPTRIANGLE PETE CORP	757,800	$584K	call
LNGCHENIERE ENERGY INC	13,052	$486K	shares
EP ENERGY CORPEP ENERGY CORP	107,000	$469K	shares
GULFMARK OFFSHORE INCGULFMARK OFFSHORE INC	100,000	$467K	put
CALIFORNIA RES CORP COMCALIFORNIA RES CORP COM	200,000	$466K	call
Lineage, Inc.Lineage, Inc.	350,000	$452K	put
MIDSTATES PETROLEUM CO INCMIDSTATES PETROLEUM CO INC	218,824	$442K	shares
SANDRIDGE ENERGY INCSANDRIDGE ENERGY INC	2,057,996	$412K	shares
NOBLE CORP PLCNOBLE CORP PLC	39,000	$411K	shares
PEABODY ENERGY CORPPEABODY ENERGY CORP	50,000	$384K	put
CHC GROUP LTDCHC GROUP LTD	57,573	$375K	shares
JP MORGAN CHASE & COJP MORGAN CHASE & CO	11,306	$328K	shares
HALCON RES CORP COM PARHALCON RES CORP COM PAR	186,778	$235K	shares
ULTRA PETROLEUM CORPULTRA PETROLEUM CORP	70,002	$175K	shares
PENN VIRGINIA CORPPENN VIRGINIA CORP	573,251	$172K	shares
ATLAS RESOURCE PARTNERS LPATLAS RESOURCE PARTNERS LP	150,000	$155K	shares
WTIW & T OFFSHORE INC	60,000	$139K	shares
LEGACY RESERVES LPLEGACY RESERVES LP	75,000	$131K	shares
MAGNUM HUNTER RES CORP COMMAGNUM HUNTER RES CORP COM	8,000,000	$129K	shares
ALPS ETF TRALPS ETF TR	10,653	$128K	shares
HERCULES OFFSHORE INC.HERCULES OFFSHORE INC.	32,136	$70K	shares
SWIFT ENERGY COSWIFT ENERGY CO	193,692	$18K	shares

How Q1 2016 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 0000902664-16-007033	base		2016-05-13	acceptance time not in the bulk data set	2026-10-07 19:13:19 UTC