CIK 1456075
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2019-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 | 57.42% | 13 |
| Oil, Gas & Consumable Fuels | 27.05% | 8 |
| Unclassified | 15.53% | 21 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 16.49% |
| 2 | TRP | TC ENERGY CORP | Utilities | 13.30% |
| 3 | ENB | ENBRIDGE INC | Energy | 11.25% |
| 4 | ET | Energy Transfer LP | Utilities | 9.67% |
| 5 | MPLX | MPLX LP | Energy | 6.86% |
| 6 | KMI | KINDER MORGAN, INC. | Utilities | 6.53% |
| 7 | MAGELLAN MIDSTREAM PARTNERS LP | Unclassified | 5.54% | |
| 8 | PBA | PEMBINA PIPELINE CORP | Energy | 5.07% |
| 9 | PAA | PLAINS ALL AMERICAN PIPELINE LP | Energy | 3.74% |
| 10 | LNG | Cheniere Energy, Inc. | Utilities | 3.15% |
21/42 names classified · sector 84.5% of weight · industry 84.5% · mkt cap 54.8%; 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: 84.5% of the book is sector-classified (unclassified names shown, never dropped).
Only 17% of book weight classified — the grid is NOT representative of the whole book.
Classified: 17.5% of book weight (7/22 names) · unclassified 82.5%: EPD, , TRP, ENB, ET, MPLX, PBA, PAA, WES, CQP +5 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 | 56,197,039 | $804M | 16.5% | ADD 8% |
| 2 | TRPTC ENERGY CORP | 14,635,953 | $648M | 13.3% | ADD 10% |
| 3 | ENBENBRIDGE INC | 18,852,686 | $548M | 11.3% | ADD 12% |
| 4 | ETENERGY TRANSFER L P | 102,422,972 | $471M | 9.7% | TRIM −6% |
| 5 | MPLXMPLX LP | 28,782,184 | $334M | 6.9% | ADD 4% |
| 6 | KMIKINDER MORGAN INC DEL | 22,869,858 | $318M | 6.5% | ADD 11% |
| 7 | MAGELLAN MIDSTREAM PARTNERS LP | 7,403,683 | $270M | 5.5% | ADD 57% |
| 8 | PBAPEMBINA PIPELINE CORP | 13,124,749 | $247M | 5.1% | ADD 47% |
| 9 | PAAPLAINS ALL AMERN PIPELINE L | 34,478,393 | $182M | 3.7% | HOLD |
| 10 | LNGCheniere Energy, Inc | 4,580,059 | $153M | 3.1% | TRIM −23% |
| 11 | WMBWILLIAMS COS INC | 10,721,348 | $152M | 3.1% | ADD 25% |
| 12 | TALLGRASS ENERGY GP LP | 8,319,070 | $137M | 2.8% | NEW |
| 13 | TC PIPELINES LP | 3,053,069 | $84M | 1.7% | ADD 15% |
| 14 | OKEONEOK INC NEW | 3,574,298 | $78M | 1.6% | ADD 24% |
| 15 | TRGPTARGA RES CORP | 11,215,510 | $77M | 1.6% | ADD 4% |
| 16 | PHILLIPS 66 PARTNERS LP | 1,685,103 | $61M | 1.3% | ADD 33% |
| 17 | EQT MIDSTREAM PARTNERS LP | 4,954,965 | $58M | 1.2% | ADD 15% |
| 18 | AMANTERO MIDSTREAM CORP | 23,327,035 | $49M | 1.0% | HOLD |
| 19 | NUSTAR ENERGY LP | 5,275,132 | $45M | 0.9% | ADD 3% |
| 20 | EQUITRANS MIDSTREAM CORP | 7,019,988 | $35M | 0.7% | ADD 6% |
| 21 | AROCARCHROCK INC | 6,437,677 | $24M | 0.5% | TRIM −11% |
| 22 | MACQUARIE INFRASTRUCTURE COR | 705,526 | $18M | 0.4% | NEW |
| 23 | CRESTWOOD EQUITY PARTNERS LP | 3,247,687 | $14M | 0.3% | ADD 29% |
| 24 | WESWESTERN MIDSTREAM PARTNERS L | 3,629,627 | $12M | 0.2% | TRIM −56% |
| 25 | SHELL MIDSTREAM PARTNERS L P | 1,075,636 | $11M | 0.2% | NEW |
| 26 | CQPCHENIERE ENERGY PARTNERS LP | 325,612 | $9M | 0.2% | NEW |
| 27 | HOLLY ENERGY PARTNERS LP | 378,328 | $5M | 0.1% | ADD 4750% |
| 28 | BP MIDSTREAM PARTNERS LP | 413,111 | $4M | 0.1% | NEW |
| 29 | GELGENESIS ENERGY L P | 848,343 | $3M | 0.1% | NEW |
| 30 | DCP MIDSTREAM LP | 708,900 | $3M | 0.1% | TRIM −31% |
| 31 | CNX MIDSTREAM PARTNERS LP | 350,170 | $3M | 0.1% | NEW |
| 32 | NGLNGL ENERGY PARTNERS LP | 969,204 | $3M | 0.1% | NEW |
| 33 | ENLINK MIDSTREAM LLC | 1,980,077 | $2M | 0.0% | NEW |
| 34 | ENABLE MIDSTREAM PARTNERS LP | 705,268 | $2M | 0.0% | NEW |
| 35 | PBF LOGISTICS LP | 232,727 | $2M | 0.0% | NEW |
| 36 | HESMHESS MIDSTREAM LP | 151,562 | $2M | 0.0% | NEW |
| 37 | RATTLER MIDSTREAM LP | 349,585 | $1M | 0.0% | NEW |
| 38 | PAGPPLAINS GP HLDGS L P | 193,765 | $1M | 0.0% | NEW |
| 39 | DKLDELEK LOGISTICS PARTNERS LP | 79,688 | $725,000 | 0.0% | NEW |
| 40 | NOBLE MIDSTREAM PARTNERS LP | 168,529 | $590,000 | 0.0% | TRIM −86% |
| 41 | GREEN PLAINS PARTNERS LP | 82,156 | $546,000 | 0.0% | NEW |
| 42 | ALTUS MIDSTREAM CO | 257,109 | $193,000 | 0.0% | ADD 25% |
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