CIK 1388814
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Utilities | 77.08% | 45 |
| Oil, Gas & Consumable Fuels | 16.34% | 21 |
| Machinery | 1.74% | 5 |
| Construction & Engineering | 1.57% | 4 |
| Electrical Equipment & Components | 0.95% | 1 |
| Coal & Consumable Fuels | 0.70% | 2 |
| Chemicals | 0.56% | 1 |
| Commercial Services & Supplies | 0.41% | 1 |
| Technology Hardware & Equipment | 0.23% | 1 |
| Unclassified | 0.23% | 3 |
| Marine | 0.14% | 2 |
| Semiconductors & Semiconductor Equipment | 0.03% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 8.36% |
| 2 | ET | Energy Transfer LP | Utilities | 7.83% |
| 3 | MPLX | MPLX LP | Energy | 4.74% |
| 4 | KMI | KINDER MORGAN, INC. | Utilities | 4.01% |
| 5 | NFG | NATIONAL FUEL GAS CO | Utilities | 3.92% |
| 6 | PAGP | PLAINS GP HOLDINGS LP | Energy | 3.51% |
| 7 | SO | SOUTHERN CO | Utilities | 2.67% |
| 8 | PPL | PPL Corp | Utilities | 2.47% |
| 9 | OKE | ONEOK INC /NEW/ | Utilities | 2.46% |
| 10 | ETR | ENTERGY CORP /DE/ | Utilities | 2.36% |
84/87 names classified · sector 99.8% of weight · industry 99.8% · mkt cap 93.1%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 99.8% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 65.2% of book weight (66/87 names) · unclassified 34.8%: EPD, ET, MPLX, PAGP, SUN, CQP, CWEN, SHEL, TRP, ENB +11 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | EPDENTERPRISE PRODS PARTNERS L | 13,731,348 | $520M | 8.4% | TRIM −8% |
| 2 | ETENERGY TRANSFER L P | 25,207,455 | $487M | 7.8% | HOLD |
| 3 | MPLXMPLX LP | 5,157,478 | $294M | 4.7% | TRIM −3% |
| 4 | KMIKINDER MORGAN INC DEL | 7,435,176 | $249M | 4.0% | TRIM −7% |
| 5 | NFGNATIONAL FUEL GAS CO | 2,589,824 | $243M | 3.9% | HOLD |
| 6 | PAGPPLAINS GP HLDGS L P | 8,974,776 | $218M | 3.5% | HOLD |
| 7 | SOSOUTHERN CO | 1,716,842 | $166M | 2.7% | TRIM −4% |
| 8 | PPLPPL CORP | 4,014,732 | $153M | 2.5% | HOLD |
| 9 | OKEONEOK INC NEW | 1,688,741 | $153M | 2.5% | ADD 58% |
| 10 | ETRENTERGY CORP NEW | 1,305,538 | $147M | 2.4% | HOLD |
| 11 | DUKDUKE ENERGY CORP NEW | 1,038,588 | $136M | 2.2% | TRIM −7% |
| 12 | SRESEMPRA | 1,342,678 | $130M | 2.1% | HOLD |
| 13 | SUNSUNOCO LP/SUNOCO FIN CORP | 1,901,251 | $124M | 2.0% | TRIM −3% |
| 14 | AEPAMERICAN ELEC PWR CO INC | 910,078 | $119M | 1.9% | ADD 15% |
| 15 | PEGPUBLIC SVC ENTERPRISE GROUP | 1,418,606 | $115M | 1.8% | ADD 101% |
| 16 | OGSONE GAS INC | 1,331,076 | $115M | 1.8% | HOLD |
| 17 | WMBWILLIAMS COS INC | 1,458,462 | $106M | 1.7% | HOLD |
| 18 | EVRGEVERGY INC | 1,237,749 | $101M | 1.6% | HOLD |
| 19 | CQPCHENIERE ENERGY PARTNERS LP | 1,524,213 | $99M | 1.6% | TRIM −6% |
| 20 | FEFIRSTENERGY CORP | 1,900,897 | $96M | 1.5% | ADD 12% |
| 21 | CWENCLEARWAY ENERGY INC | 2,398,423 | $94M | 1.5% | HOLD |
| 22 | LNGCheniere Energy, Inc | 323,161 | $92M | 1.5% | TRIM −31% |
| 23 | CNPCENTERPOINT ENERGY INC | 2,117,813 | $91M | 1.5% | TRIM −2% |
| 24 | WECWEC ENERGY GROUP INC | 765,610 | $89M | 1.4% | ADD 3% |
| 25 | OGEOGE ENERGY CORP | 1,847,489 | $89M | 1.4% | HOLD |
| 26 | DTEDTE ENERGY CO | 582,435 | $85M | 1.4% | ADD 2% |
| 27 | TRGPTARGA RES CORP | 326,775 | $82M | 1.3% | TRIM −42% |
| 28 | XELXCEL ENERGY INC | 1,000,644 | $79M | 1.3% | ADD 66% |
| 29 | NJRNEW JERSEY RES CORP | 1,416,001 | $78M | 1.3% | TRIM −23% |
| 30 | NEENEXTERA ENERGY INC | 817,507 | $76M | 1.2% | HOLD |
| 31 | DDOMINION ENERGY INC | 1,203,357 | $74M | 1.2% | ADD 10% |
| 32 | VSTVISTRA CORP | 471,293 | $71M | 1.1% | ADD 37% |
| 33 | PWRQUANTA SVCS INC | 126,193 | $69M | 1.1% | TRIM −42% |
| 34 | SHELSHELL PLC | 742,055 | $69M | 1.1% | TRIM −26% |
| 35 | ATOATMOS ENERGY CORP | 363,311 | $67M | 1.1% | HOLD |
| 36 | CMSCMS ENERGY CORP | 774,053 | $60M | 1.0% | ADD 7% |
| 37 | GNRCGENERAC HLDGS INC | 303,046 | $59M | 1.0% | TRIM −43% |
| 38 | LNTALLIANT ENERGY CORP | 809,556 | $58M | 0.9% | HOLD |
| 39 | AEEAMEREN CORP | 527,782 | $58M | 0.9% | ADD 7% |
| 40 | DTMDT MIDSTREAM INC | 429,858 | $58M | 0.9% | HOLD |
| 41 | IDAIDACORP INC | 393,961 | $56M | 0.9% | HOLD |
| 42 | TRPTC ENERGY CORP | 884,270 | $55M | 0.9% | TRIM −19% |
| 43 | ENBENBRIDGE INC | 977,600 | $53M | 0.9% | TRIM −4% |
| 44 | CMICUMMINS INC | 94,309 | $51M | 0.8% | TRIM −43% |
| 45 | AROCARCHROCK INC | 1,393,885 | $49M | 0.8% | TRIM −14% |
| 46 | UGIUGI CORP NEW | 1,283,595 | $47M | 0.8% | ADD 3% |
| 47 | XOMEXXON MOBIL CORP | 268,676 | $46M | 0.7% | TRIM −60% |
| 48 | SRSPIRE INC | 402,270 | $36M | 0.6% | HOLD |
| 49 | WLKPWESTLAKE CHEM PARTNERS LP | 1,582,007 | $35M | 0.6% | HOLD |
| 50 | CEGCONSTELLATION ENERGY CORP | 109,856 | $31M | 0.5% | ADD 106% |
| 51 | PAAPLAINS ALL AMERN PIPELINE L | 1,323,892 | $30M | 0.5% | HOLD |
| 52 | EOGEOG RES INC | 195,943 | $28M | 0.5% | ADD 28% |
| 53 | RRCRANGE RES CORP | 612,947 | $28M | 0.4% | ADD 79% |
| 54 | PCGPG&E CORP | 1,556,802 | $27M | 0.4% | HOLD |
| 55 | AESAES Corp. | 1,821,620 | $26M | 0.4% | HOLD |
| 56 | BKRBAKER HUGHES COMPANY | 404,918 | $25M | 0.4% | ADD 2% |
| 57 | SLBSCHLUMBERGER LTD | 455,927 | $23M | 0.4% | TRIM −4% |
| 58 | CNRCORE NATURAL RESOURCES INC | 223,354 | $23M | 0.4% | ADD 69% |
| 59 | HALHALLIBURTON CO | 565,683 | $22M | 0.4% | TRIM −5% |
| 60 | CPKCHESAPEAKE UTILS CORP | 173,654 | $22M | 0.4% | HOLD |
| 61 | ARLPALLIANCE RESOURCE PARTNERS L | 737,328 | $20M | 0.3% | ADD 146% |
| 62 | WTRGESSENTIAL UTILS INC | 498,350 | $20M | 0.3% | HOLD |
| 63 | TXOTXO PARTNERS LP | 1,449,028 | $18M | 0.3% | ADD 27% |
| 64 | ENSENERSYS | 83,362 | $14M | 0.2% | TRIM −59% |
| 65 | WHDCACTUS INC | 300,759 | $14M | 0.2% | ADD 48% |
| 66 | FTITECHNIPFMC PLC | 203,864 | $14M | 0.2% | TRIM −15% |
| 67 | PSXPHILLIPS 66 | 73,405 | $13M | 0.2% | ADD 444% |
| 68 | SUNCSUNOCOCORP LLC | 206,677 | $13M | 0.2% | NEW |
| 69 | KBRKBR INC | 315,800 | $12M | 0.2% | NEW |
| 70 | JJACOBS SOLUTIONS INC | 89,384 | $11M | 0.2% | ADD 1013% |
| 71 | GPORGULFPORT ENERGY CORP | 50,395 | $11M | 0.2% | HOLD |
| 72 | FANGDIAMONDBACK ENERGY INC | 51,283 | $10M | 0.2% | ADD 3% |
| 73 | EXCEXELON CORP | 183,139 | $9M | 0.1% | HOLD |
| 74 | EXEEXPAND ENERGY CORPORATION | 76,381 | $8M | 0.1% | TRIM −25% |
| 75 | TOTALENERGIES SE | 82,591 | $8M | 0.1% | TRIM −86% |
| 76 | INSWINTERNATIONAL SEAWAYS INC | 82,321 | $6M | 0.1% | ADD 3% |
| 77 | FLRFLUOR CORP NEW | 111,081 | $5M | 0.1% | TRIM −21% |
| 78 | NOVNOV INC | 233,941 | $4M | 0.1% | HOLD |
| 79 | ECOOKEANIS ECO TANKERS COR | 69,118 | $3M | 0.1% | ADD 3% |
| 80 | FROFrontline, LTD. | 90,455 | $3M | 0.1% | ADD 3% |
| 81 | NINISOURCE INC | 65,355 | $3M | 0.0% | TRIM −48% |
| 82 | DHTDHT HOLDINGS INC | 158,606 | $3M | 0.0% | ADD 3% |
| 83 | MPCMARATHON PETE CORP | 10,436 | $3M | 0.0% | ADD 3% |
| 84 | DINOHF SINCLAIR CORP | 34,915 | $2M | 0.0% | ADD 3% |
| 85 | FSLRFIRST SOLAR INC | 10,184 | $2M | 0.0% | ADD 6% |
| 86 | VLOVALERO ENERGY CORP | 6,925 | $2M | 0.0% | ADD 3% |
| 87 | EQTEQT CORP | 18,096 | $1M | 0.0% | TRIM −93% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| EPDENTERPRISE PRODS PARTNERS L | 14.1M | 12.8M | 14.6M | 14.7M | 14.9M | 13.7M | $520M |
| ETENERGY TRANSFER L P | 20.6M | 23.1M | 23.0M | 23.4M | 25.2M | 25.2M | $487M |
| MPLXMPLX LP | 5.7M | 5.3M | 5.5M | 5.7M | 5.3M | 5.2M | $294M |
| KMIKINDER MORGAN INC DEL | 6.5M | 6.6M | 6.3M | 6.4M | 8.0M | 7.4M | $249M |
| NFGNATIONAL FUEL GAS CO | 2.4M | 2.2M | 2.3M | 2.3M | 2.6M | 2.6M | $243M |
| PAGPPLAINS GP HLDGS L P | 10.0M | 10.2M | 10.1M | 10.2M | 8.9M | 9.0M | $218M |
| SOSOUTHERN CO | 1.1M | 1.4M | 1.3M | 1.3M | 1.8M | 1.7M | $166M |
| PPLPPL CORP | 3.2M | 3.3M | 3.4M | 3.3M | 4.0M | 4.0M | $153M |
| OKEONEOK INC NEW | 2.0M | 2.2M | 1.9M | 1.8M | 1.1M | 1.7M | $153M |
| ETRENTERGY CORP NEW | 1.1M | 1.3M | 1.2M | 1.2M | 1.3M | 1.3M | $147M |
| DUKDUKE ENERGY CORP NEW | 336K | 343K | 366K | 390K | 1.1M | 1.0M | $136M |
| SRESEMPRA | 2.1M | 2.2M | 817K | 805K | 1.3M | 1.3M | $130M |
| SUNSUNOCO LP/SUNOCO FIN CORP | 1.8M | 1.8M | 1.9M | 1.9M | 2.0M | 1.9M | $124M |
| AEPAMERICAN ELEC PWR CO INC | 1.2M | 1.2M | 1.1M | 1.1M | 793K | 910K | $119M |
| PEGPUBLIC SVC ENTERPRISE GROUP | 831K | 852K | 850K | 665K | 707K | 1.4M | $115M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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