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David D. Grumhaus, Jr. & Nicholas Holmes, CFA — Institutional Investor Profile | Buyside Digest

David D. Grumhaus, Jr. & Nicholas Holmes, CFA

Institutional Investor • Virtus Duff & Phelps Water Fund

Value

$574M

Stocks

44 Stocks (1 new)

Turnover

1.9%

CIK

0000765443EDGAR ↗

Top Holdings

EQIX(3.92%) XELLL(3.62%) ETR(3.48%) SRE(3.46%) CNP(3.29%)

About Investor

David D. Grumhaus Jr. serves as President and Chief Investment Officer at Duff & Phelps Investment Management Co. since February 2014, holding an MBA from Harvard Business School and a BA in History from Princeton University. His experience includes Partner and Portfolio Manager at Copia Capital from 2003 to 2012, Vice President at Goldman Sachs between 1999 and 2002, and Associate at William Blair & Company from 1994 to 1999. Nicholas Holmes, CFA, serves as Managing Director, Portfolio Manager, and Senior Research Analyst, joining Duff & Phelps in 2023 with investment career beginning in 2010 and active focus on the water sector since 2015. He holds a BA in Political Science from Yale University, an MBA from the University of Kansas, and previously was a portfolio manager at TortoiseEcofin managing a sustainable global water strategy.

Investor Philosophy

Investment philosophy details pending verification.

David D. Grumhaus, Jr. & Nicholas Holmes, CFA Top Holdings

Ticker	P/C	Company Name	Sector	Market Value	Weight	% Chg
EQIX	None	Equinix Inc.	Real Estate	$185.9M	3.9%	No Change
XELLL	None	Xcel Energy Inc.	General	$171.8M	3.6%	No Change
ETR	None	Entergy Corp.	Utilities	$165.1M	3.5%	No Change
SRE	None	Sempra Energy	Utilities	$163.8M	3.5%	No Change
CNP	None	CenterPoint Energy	Utilities	$155.8M	3.3%	No Change
VTR	None	Ventas Inc.	Real Estate	$151.0M	3.2%	No Change
LNT	None	Alliant Energy	Utilities	$137.7M	2.9%	No Change
AEE	None	Ameren	General	$136.3M	2.9%	No Change
NI	None	NiSource	General	$128.7M	2.7%	No Change
EVRG	None	Evergy, Inc.	General	$126.7M	2.7%	No Change

Recent Buys (13F)

Ticker	Amount	% Chg	Weight	Status
MPLXMPLX LP	$89.0M	+100.0%	1.9%	New

Recent Sells (13F)

Ticker	Amount	% Chg	Weight	Status
MLPXMPLX LP	$89.0M	-100.0%	0.0%	Sold Out

13F Sector Breakdown

Utilities32.5%

Real Estate28.0%

General26.0%

Energy13.5%

Sector	Stocks	Value	Exposure
Utilities	13	$1542.1M	32.5%
Real Estate	13	$1328.9M	28.0%
General	11	$1231.7M	26.0%
Energy	7	$638.9M	13.5%