Baron Energy and Resources Fund (BENIX)
- Facts & Characteristics
- Top Ten Holdings
- Portfolio Holdings
- Sector Breakdown
- Top Contributors & Detractors
Fund Description
Baron Energy and Resources Fund invests in securities of energy and resources companies and related companies of all sizes.
Fund Resources
Jamie Stone seeks long-term growth in energy and materials.
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Facts & Characteristics as of March 31, 2013
| Inception Date | December 30, 2011 |
| Net Assets (All share classes combined as of 4/30/2013) | $9.37 million |
| # of Equity Securities / % of Net Assets | 51/96.1% |
| Turnover (1 Year) | 37.90% |
| Median Market Cap | $2.77 billion |
| Weighted Average Market Cap | $6.65 billion |
| CUSIP | 06828M850 |
| Estimated Gross Expense Ratio | 4.00% |
| Less: Estimated Reimbursement of Expenses by Adviser | (2.90)% |
| Net Expense Ratio | 1.10% |
| EPS Growth (3-5 year forecast) | 24.8% |
| Price/Earnings Ratio (trailing 12-month) | 14.0 |
| Price/Book Ratio | 2.1 |
| Price/Sales Ratio | 1.1 |
Top Ten Holdings as of April 30, 2013
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| Holding | Sector | Percentage* |
|---|---|---|
|
Tesoro Logistics LP (TLLP) is a MLP that owns, operates, develops and acquires crude oil and refined products logistics assets. The company’s logistics assets are integral to the success of Tesoro Corporation’s refining and marketing operations.
|
Energy | 3.8% |
|
Superior Energy Services, Inc. (SPN) is a diversified energy service company with operations throughout the United States.
|
Energy | 3.6% |
|
Forum Energy Technologies, Inc. (FET) is a global oilfield products company, serving the subsea, drilling, completion, production, and infrastructure sectors of the oil and natural gas industry. Forum is focused on capital equipment and consumable products.
|
Energy | 3.3% |
|
Halliburton Co. (HAL) is a leading provider of oilfield services and equipment to the global energy industry.
|
Energy | 3.2% |
|
Halcon Resources Corp. (HK) is an independent exploration & production company engaged in the development of onshore oil and natural gas properties in the U.S.
|
Energy | 3.2% |
|
Oil States International, Inc. (OIS) is a leading provider of specialty products and services to natural resources companies throughout the world. The company operates in four divisions: Accommodations, Offshore Products, Wellsite Services, and Tubular Services.
|
Energy | 3.2% |
|
SM Energy Co. (SM) is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in North America.
|
Energy | 3.0% |
|
Rose Rock Midstream, L.P. (RRMS) is engaged in the gathering, transportation, storage, and marketing of crude oil in the U.S.
|
Energy | 3.0% |
|
Susser Petroleum Partners LP (SUSP) is a Master Limited partnership formed by Susser Holding Corp. (SUSS) to own, operate, and expand its wholesale fuel distribution and gas station networks.
|
Energy | 3.0% |
|
Chart Industries, Inc. (GTLS) is an independent global manufacturer of engineered equipment used in cryogenic and heat transfer applications.
|
Industrials | 3.0% |
| Total | 32.3% | |
Portfolio Holdings as of March 31, 2013
| Holding | Sector | Market Cap ($Bn) | Percentage* |
|---|---|---|---|
| Cash & Cash Equivalents | Cash & Cash Equivalents | - | 3.9% |
| SM Energy Co. | Energy | $3.921 | 3.7% |
| MPLX LP | Energy | $2.768 | 3.5% |
| Tesoro Logistics LP | Energy | $2.457 | 3.4% |
| Forum Energy Technologies, Inc. | Energy | $2.644 | 3.4% |
| Susser Petroleum Partners LP | Energy | $0.711 | 3.4% |
| Superior Energy Services, Inc. | Energy | $4.141 | 3.2% |
| Concho Resources, Inc. | Energy | $10.198 | 3.1% |
| Halliburton Co. | Energy | $37.655 | 3.0% |
| Oil States International, Inc. | Energy | $4.476 | 3.0% |
| National Oilwell Varco, Inc. | Energy | $30.185 | 2.9% |
| Targa Resources Corp. | Energy | $2.877 | 2.9% |
| Rose Rock Midstream, L.P. | Energy | $0.804 | 2.7% |
| Halcon Resources Corp. | Energy | $2.858 | 2.7% |
| C&J Energy Services, Inc. | Energy | $1.237 | 2.6% |
| CARBO Ceramics, Inc. | Energy | $2.107 | 2.5% |
| Chart Industries, Inc. | Industrials | $2.406 | 2.4% |
| MRC Global, Inc. | Industrials | $3.345 | 2.3% |
| Seadrill Partners, LLC | Energy | $1.148 | 2.3% |
| Primoris Services Corp. | Industrials | $1.138 | 2.3% |
| Helmerich & Payne, Inc. | Energy | $6.451 | 2.2% |
| Bonanza Creek Energy, Inc. | Energy | $1.548 | 2.1% |
| Oasis Petroleum, Inc. | Energy | $3.564 | 1.9% |
| Golar LNG Ltd. | Energy | $2.968 | 1.9% |
| Kodiak Oil & Gas Corp. | Energy | $2.412 | 1.9% |
| Core Laboratories N.V. | Energy | $6.376 | 1.8% |
| Ensco plc | Energy | $13.963 | 1.8% |
| Western Gas Equity Partners LP | Energy | $7.491 | 1.8% |
| RigNet, Inc. | Energy | $0.385 | 1.6% |
| Anadarko Petroleum Corporation | Energy | $43.775 | 1.6% |
| Southwestern Energy Co. | Energy | $13.082 | 1.5% |
| Subsea 7 SA | Energy | $8.268 | 1.5% |
| Key Energy Services, Inc. | Energy | $1.231 | 1.4% |
| Tesoro Corporation | Energy | $8.046 | 1.4% |
| Joy Global, Inc. | Industrials | $6.321 | 1.2% |
| SunCoke Energy Partners, LP | Materials | $0.328 | 1.2% |
| Lundin Petroleum AB | Energy | $6.879 | 1.1% |
| Halcon Resources Corp. | Energy | $2.858 | 1.1% |
| SunCoke Energy, Inc. | Materials | $1.144 | 1.1% |
| Boise Cascade Company | Materials | $1.467 | 1.1% |
| Golar LNG Partners L.P. | Energy | $1.865 | 1.0% |
| Agrinos AS | Materials | $0.168 | 1.0% |
| Western Gas Partners, LP | Energy | $6.218 | 1.0% |
| Africa Oil Corp. | Energy | $1.628 | 0.9% |
| Marathon Petroleum Corp. | Energy | $29.697 | 0.9% |
| Freeport-McMoRan Copper & Gold, Inc. | Materials | $31.430 | 0.8% |
| Polypore International, Inc. | Industrials | $1.874 | 0.8% |
| Sandstorm Gold Ltd. | Materials | $0.810 | 0.8% |
| Globe Specialty Metals, Inc. | Materials | $1.048 | 0.6% |
| Exillon Energy plc | Energy | $0.376 | 0.6% |
| PBF Energy Inc. | Energy | $0.878 | 0.6% |
| Cytec Industries, Inc. | Materials | $3.321 | 0.4% |
| Borders & Southern Petroleum plc | Energy | $0.131 | 0.2% |
| Total | 100.0% | ||
Sector Breakdown as of April 30, 2013
Back to TopTop Contributors & Detractors as of March 31, 2013
3 Months
|
12 Months
Download Qtr-end GICS Sub-Industry Breakdown (Inst Shares)
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3 Months
| By Sub-Industry | ||
|---|---|---|
| Top Contributors | Average Weight | Contribution |
| Oil & Gas Storage & Transportation | 21.76% | 4.50% |
| Oil & Gas Equipment & Services | 27.88% | 3.81% |
| Oil & Gas Exploration & Production | 23.31% | 2.88% |
| Oil & Gas Drilling | 6.82% | 0.55% |
| Industrial Machinery | 2.38% | 0.47% |
| Top Detractors | Average Weight | Contribution |
| Gold | 2.82% | -0.70% |
| Fertilizers & Agricultural Chemicals | 1.10% | -0.58% |
| Electrical Components & Equipment | 1.05% | -0.23% |
| Construction & Farm Machinery & Heavy Trucks | 1.38% | -0.08% |
| Diversified Metals & Mining | 2.54% | -0.01% |
| By Holdings | ||
|---|---|---|
| Top Contributors | Average Weight | Contribution |
| Susser Petroleum Partners LP | 3.31% | 0.95% |
| Tesoro Logistics LP | 3.47% | 0.83% |
| Targa Resources Corp. | 2.79% | 0.76% |
| MPLX LP | 3.53% | 0.71% |
| Superior Energy Services, Inc. | 3.24% | 0.67% |
| Top Detractors | Average Weight | Contribution |
| Agrinos AS | 1.10% | -0.58% |
| Sandstorm Gold Ltd. | 1.34% | -0.37% |
| Polypore International, Inc. | 1.05% | -0.23% |
| Alamos Gold, Inc. | 0.50% | -0.18% |
| Exillon Energy plc | 0.72% | -0.16% |
12 Months
| By Sub-Industry | ||
|---|---|---|
| Top Contributors | Average Weight | Contribution |
| Oil & Gas Storage & Transportation | 17.14% | 8.44% |
| Oil & Gas Equipment & Services | 28.97% | 1.62% |
| Oil & Gas Drilling | 5.28% | 1.39% |
| Trading Companies & Distributors | 0.85% | 0.96% |
| Forest Products | 0.15% | 0.46% |
| Top Detractors | Average Weight | Contribution |
| Oil & Gas Exploration & Production | 27.08% | -2.61% |
| Gold | 3.19% | -1.95% |
| Diversified Metals & Mining | 3.65% | -1.22% |
| Construction & Farm Machinery & Heavy Trucks | 1.70% | -0.57% |
| Fertilizers & Agricultural Chemicals | 1.24% | -0.52% |
| By Holdings | ||
|---|---|---|
| Top Contributors | Average Weight | Contribution |
| Rose Rock Midstream, L.P. | 2.77% | 1.74% |
| MPLX LP | 1.52% | 1.67% |
| Tesoro Logistics LP | 2.64% | 1.66% |
| Susser Petroleum Partners LP | 1.60% | 1.31% |
| Targa Resources Corp. | 2.78% | 1.29% |
| Top Detractors | Average Weight | Contribution |
| OGX Petróleo e Gás Participações SA | 0.29% | -1.43% |
| Petrominerales Ltd. | 0.65% | -1.42% |
| Kirkland Lake Gold, Inc. | 1.20% | -1.31% |
| CARBO Ceramics, Inc. | 2.85% | -0.99% |
| Walter Energy, Inc. | 0.56% | -0.98% |
Price/Book Ratio and Price/Sales Ratio are calculated using the Weighted Harmonic Average. Source: FactSet PA. Internal valuation metrics may differ.
*Top Ten Holdings, Portfolio Holdings, and Sector Breakdown based on net assets. Positions smaller than 0.05% round to 0.0%. Portfolio holdings may change over time.
Industry sector or sub-industry group levels are provided from the Global Industry Classification Standard ("GICS"), developed and exclusively owned by MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"), unless otherwise stated that they have been reclassified or classified by the Adviser. All GICS data is provided "as is" with no warranties.
^The Adviser has reclassified/classified certain securities in or out of this Sub-Industry. Such reclassifications/classifications are not supported by S&P or MSCI.
Top Contributors & Detractors Source: FactSet PA.
One year turnover information to the most recent quarter and average market cap (unweighted) is available upon request.