NBW CAPITAL LLC Information

101 FEDERAL STREET 22ND FLOOR, BOSTON, Massachusetts, 02155, (617) 482-2222

Report Date: 03/31/2015

Position Statistics

Total Positions 83
New Positions 5
Increased Positions 23
Decreased Positions 58
Positions with Activity 81
Sold Out Positions 10
Total Mkt Value (in $ millions) 458

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 2.24%
Capital Goods 2.96%
Conglomerates 3.65%
Consumer Cyclical 5.2%
Consumer/Non-Cyclical
Energy 17.03%
Financial 12.5%
Healthcare 1.05%
Services 7.32%
Technology 13.69%
Transportation
Utilities 6.86%

83 Positions as of 03/31/2015

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
SPDR S&P 500 ETF TR TR UNIT 28,736 10,900 61.12 134,915
ISHARES TR RUSSELL 2000 ETF 20,286 20,286 New 163,033
APPLE INC COM 16,595 197 1.20 125,207
UBS AG JERSEY BRH ALERIAN INFRST 13,662 -7,695 (36.03) 345,425
MPLX LP COM UNIT REP LTD 13,415 -656 (4.66) 182,447
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 13,257 469 3.67 190,005
ENLINK MIDSTREAM LLC COM UNIT REP LTD 12,768 1,301 11.35 377,199
WILLIAMS COS INC DEL COM 12,742 2,325 22.32 240,467
DOMINION MIDSTREAM PARTNERS LP COM UT REP LTD 12,624 2,725 27.53 298,298
COLUMBIA PIPELINE PARTNERS LP COM UT REPSTG 12,390 12,390 New 449,886
WESTERN GAS EQUITY PARTNERS LP COMUNT LTD PT 12,246 22 .18 193,063
TARGA RES CORP COM 11,974 3,372 39.20 121,559
SHELL MIDSTREAM PARTNERS L P UNIT LTD INT 11,876 8,362 237.95 267,971
PLAINS GP HLDGS L P SHS A REP LTPN 11,867 832 7.54 411,751
WESTERN REFNG LOGISTICS LP COM UNIT REP LTP 11,066 629 6.03 359,511
PHILLIPS 66 PARTNERS LP COM UNIT REP INT 10,683 10,683 New 150,235
PBF LOGISTICS LP UNIT LTD PTNR 9,104 -167 (1.8) 373,259
ROPER TECHNOLOGIES INC COM 8,989 -2,108 (19) 50,745
BOEING CO COM 8,279 -886 (9.67) 57,172
NIKE INC CL B 8,076 -2,037 (20.14) 77,333