CIK 1521079
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2017-Q3. 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 |
|---|---|---|
| Unclassified | 70.89% | 33 |
| Utilities | 16.30% | 8 |
| Oil, Gas & Consumable Fuels | 12.07% | 3 |
| Distributors | 0.74% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | MPLX | MPLX LP | Energy | 7.23% |
| 2 | ENERGY TRANSFER PARTNERS LP | Unclassified | 7.20% | |
| 3 | ANDEAVOR LOGISTICS LP | Unclassified | 7.19% | |
| 4 | TRGP | Targa Resources Corp. | Utilities | 6.26% |
| 5 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 6.11% |
| 6 | WILLIAMS PARTNERS L P NEW | Unclassified | 6.10% | |
| 7 | SPECTRA ENERGY PARTNERS LP | Unclassified | 5.60% | |
| 8 | WESTERN MIDSTREAM | Unclassified | 5.54% | |
| 9 | ENLINK MIDSTREAM PARTNERS LP | Unclassified | 5.47% | |
| 10 | TC PIPELINES LP | Unclassified | 5.15% |
12/45 names classified · sector 29.1% of weight · industry 29.1% · mkt cap 29.1%; 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: 29.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 9% of book weight classified — the grid is NOT representative of the whole book.
Classified: 8.7% of book weight (4/15 names) · unclassified 91.3%: , MPLX, EPD, PAA, PAGP, USAC, WES, MMLP, USDP, EMLP +1 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 | MPLXMPLX LP | 7,575,351 | $269M | 7.2% | TRIM −14% |
| 2 | ENERGY TRANSFER PARTNERS LP | 14,927,619 | $268M | 7.2% | TRIM −5% |
| 3 | ANDEAVOR LOGISTICS LP | 5,783,028 | $267M | 7.2% | TRIM −5% |
| 4 | TRGPTARGA RES CORP | 4,807,056 | $233M | 6.3% | TRIM −11% |
| 5 | EPDENTERPRISE PRODS PARTNERS L | 8,564,621 | $227M | 6.1% | TRIM −26% |
| 6 | WILLIAMS PARTNERS L P NEW | 5,846,768 | $227M | 6.1% | TRIM −8% |
| 7 | SPECTRA ENERGY PARTNERS LP | 5,267,983 | $208M | 5.6% | ADD 15% |
| 8 | WESTERN MIDSTREAM | 4,278,382 | $206M | 5.5% | ADD 5% |
| 9 | ENLINK MIDSTREAM PARTNERS LP | 13,231,148 | $203M | 5.5% | TRIM −6% |
| 10 | TC PIPELINES LP | 3,602,873 | $191M | 5.1% | TRIM −11% |
| 11 | BUCKEYE PARTNERS L P | 3,579,851 | $177M | 4.8% | ADD 3% |
| 12 | NUSTAR ENERGY LP | 4,964,409 | $149M | 4.0% | ADD 7% |
| 13 | MAGELLAN MIDSTREAM PARTNERS LP | 1,951,693 | $138M | 3.7% | TRIM −10% |
| 14 | PAAPLAINS ALL AMERN PIPELINE L | 6,668,977 | $138M | 3.7% | TRIM −27% |
| 15 | DCP MIDSTREAM LP | 2,911,680 | $106M | 2.8% | TRIM −18% |
| 16 | OKEONEOK INC NEW | 1,660,454 | $89M | 2.4% | TRIM −8% |
| 17 | PHILLIPS 66 PARTNERS LP | 1,570,473 | $82M | 2.2% | ADD 17% |
| 18 | ENBRIDGE ENERGY PARTNERS L P | 5,024,747 | $69M | 1.9% | TRIM −23% |
| 19 | EQT MIDSTREAM PARTNERS LP | 793,108 | $58M | 1.6% | NEW |
| 20 | PAGPPLAINS GP HLDGS L P | 1,925,448 | $42M | 1.1% | NEW |
| 21 | NUSTAR GP HOLDINGS LLC | 2,366,294 | $37M | 1.0% | ADD 101% |
| 22 | SEMGROUP CORP | 1,226,875 | $37M | 1.0% | NEW |
| 23 | CRESTWOOD EQUITY PARTNERS LP | 1,155,075 | $30M | 0.8% | TRIM −39% |
| 24 | SUMMIT MIDSTREAM PARTNERS LP | 1,445,112 | $30M | 0.8% | HOLD |
| 25 | USACUSA COMPRESSION PARTNERS LP | 1,755,626 | $29M | 0.8% | TRIM −7% |
| 26 | WESWestern Midstream Partners | 753,621 | $28M | 0.8% | TRIM −13% |
| 27 | MMLPMARTIN MIDSTREAM PRTNRS L P | 1,967,867 | $28M | 0.7% | HOLD |
| 28 | ENABLE MIDSTREAM PARTNERS LP | 1,587,603 | $23M | 0.6% | TRIM −23% |
| 29 | Alerian MLP ETF | 1,889,768 | $20M | 0.5% | ADD 2362110% |
| 30 | VALERO ENERGY PARTNERS LP | 451,855 | $20M | 0.5% | TRIM −17% |
| 31 | SHELL MIDSTREAM PARTNERS L P | 668,996 | $20M | 0.5% | TRIM −36% |
| 32 | DOMINION ENERGY MIDSTRM PRTN | 622,542 | $19M | 0.5% | TRIM −20% |
| 33 | BOARDWALK PIPELINE PARTNERS | 1,398,908 | $18M | 0.5% | ADD 74628% |
| 34 | ENBRIDGE ENERGY MANAGEMENT L | 1,268,745 | $17M | 0.5% | NEW |
| 35 | USDPUSD PARTNERS LP LP | 968,235 | $11M | 0.3% | NEW |
| 36 | NOBLE MIDSTREAM PARTNERS LP | 32,527 | $2M | 0.0% | ADD 5470% |
| 37 | HESS MIDSTREAM PARTNERS LP | 34,963 | $693,000 | 0.0% | ADD 4043% |
| 38 | AMERICAN MIDSTREAM PARTNERS | 30,000 | $401,000 | 0.0% | NEW |
| 39 | SOUTHCROSS ENERGY PARTNERS L | 211,000 | $357,000 | 0.0% | NEW |
| 40 | ALON USA PARTNERS LP | 10,000 | $170,000 | 0.0% | NEW |
| 41 | EMLPFirst TR. Ex. Tr. FD N. American Energy | 3,985 | $98,000 | 0.0% | NEW |
| 42 | WMBWILLIAMS COS INC | 1,554 | $47,000 | 0.0% | HOLD |
| 43 | KMIKINDER MORGAN INC DEL | 1,498 | $27,000 | 0.0% | ADD 4% |
| 44 | ETENERGY TRANSFER L P | 1,120 | $19,000 | 0.0% | NEW |
| 45 | ANTERO MIDSTREAM PARTNERS LP | 80 | $2,000 | 0.0% | TRIM −100% |
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