CAMDEN ASSET MANAGEMENT L P /CA
Long book
$405.4M
Q1 2026
Positions
10
Top-10 weight
100%
concentration
Last quarter
-0.7%
SPY +14.8%
Turnover
45%
of book per quarter
Strategy in plain words
auto-generated from filingsCAMDEN ASSET MANAGEMENT L P /CA is a diversified fundamental manager, specialised in utilities (76% of the long book), running a $405.4M US long book across 10 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: PPL CORPORATION, BANK OF AMERICA CORP, NEXTERA ENERGY INC, EL PASO ENERGY CAP TRST, ORACLE CORP.
Over the last 9 quarters its long book ran on average 2.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+7.5%
Q2 2024
+19.8%
Q3 2024
-13.2%
Q4 2024
+1.9%
Q1 2025
+2.9%
Q2 2025
+7.7%
Q3 2025
-20.1%
Q4 2025
+9.5%
Q1 2026
-0.7%
Sector allocation
Utilities 48%
Other 36%
Technology 9%
Real estate 4%
Industrials 2%
Long book by quarter
What does CAMDEN ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| PPL PPL CORPORATION | Utilities | 1.8M | $90.8M | 22.4% | New |
| BAC 7.25 PERP L BANK OF AMERICA CORP | — | 71.9K | $85.6M | 21.1% | -47.8% |
| NEE NEXTERA ENERGY INC | Utilities | 1.5M | $75.5M | 18.6% | New |
| KMI 4.75 03/31/28 EL PASO ENERGY CAP TRST | — | 1.2M | $60.8M | 15.0% | +0.2% |
| ORCL ORACLE CORP | Technology | 810.0K | $37.2M | 9.2% | New |
| SO SOUTHERN CO | Utilities | 547.9K | $28.3M | 7.0% | -67.3% |
| EPR EPR PROPERTIES | Real estate | 526.9K | $11.9M | 2.9% | +0.1% |
| BA BOEING CO/THE | Industrials | 40.3K | $8.0M | 2.0% | New |
| EPR EPR PROPERTIES | Real estate | 197.4K | $6.0M | 1.5% | Held |
| WFC 7.5 PERP L WELLS FARGO & COMPANY | — | 1.1K | $1.2M | 0.3% | -97.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 69 | $2.94B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 73 | $3.95B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 84 | $4.53B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 97 | $4.27B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 90 | $3.74B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 89 | $3.79B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 97 | $3.81B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 94 | $3.31B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 86 | $2.75B | canonical | SEC ↗ |
Similar funds
Blackstone Inc.TORTOISE CAPITAL ADVISORS, L.L.C.ECP ControlCo, LLCEnergy Income Partners, LLCREAVES W H & CO INCKAYNE ANDERSON CAPITAL ADVISORS LPATLAS Infrastructure Partners (UK) Ltd.CHICKASAW CAPITAL MANAGEMENT LLCCUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENTRR Advisors, LLCBluescape Energy Partners LLCStephens Group, LLC