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) owns, operates, develops and acquires crude oil and refined products logistics assets. The company’s logistics assets are integral to the success of Tesoro’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.
|
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.
|
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.
|
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.