CIK 1536262
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2021-Q2. 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 | 54.68% | 14 |
| Road & Rail | 13.75% | 2 |
| Equity Real Estate Investment Trusts (REITs) | 11.74% | 2 |
| Unclassified | 11.60% | 2 |
| Oil, Gas & Consumable Fuels | 6.75% | 2 |
| Diversified Telecommunication Services | 1.48% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | UNP | UNION PACIFIC CORP | Industrials | 11.20% |
| 2 | AMT | AMERICAN TOWER CORP /MA/ | Real Estate | 9.20% |
| 3 | NEE | NEXTERA ENERGY INC | Utilities | 6.36% |
| 4 | CANADIAN PAC RY LTD | Unclassified | 6.32% | |
| 5 | XEL | XCEL ENERGY INC | Utilities | 5.60% |
| 6 | KANSAS CITY SOUTHERN | Unclassified | 5.29% | |
| 7 | LNT | ALLIANT ENERGY CORP | Utilities | 5.18% |
| 8 | WEC | WEC ENERGY GROUP, INC. | Utilities | 5.06% |
| 9 | NI | NISOURCE INC. | Utilities | 5.04% |
| 10 | ENB | ENBRIDGE INC | Energy | 4.81% |
21/23 names classified · sector 88.4% of weight · industry 88.4% · mkt cap 75.9%; 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: 88.4% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 73.4% of book weight (16/22 names) · unclassified 26.6%: , ENB, TRP, CNI, PBA, TLK. 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 | UNPUNION PAC CORP | 234,113 | $46M | 11.2% | HOLD |
| 2 | AMTAMERICAN TOWER CORP | 142,000 | $38M | 9.2% | HOLD |
| 3 | NEENEXTERA ENERGY INC | 332,000 | $26M | 6.4% | HOLD |
| 4 | CANADIAN PAC RY LTD | 396,225 | $26M | 6.3% | HOLD |
| 5 | XELXCEL ENERGY INC | 366,927 | $23M | 5.6% | HOLD |
| 6 | KANSAS CITY SOUTHERN | 80,000 | $22M | 5.3% | HOLD |
| 7 | LNTALLIANT ENERGY CORP | 378,904 | $21M | 5.2% | HOLD |
| 8 | WECWEC ENERGY GROUP INC | 235,000 | $21M | 5.1% | HOLD |
| 9 | NINISOURCE INC | 851,995 | $21M | 5.0% | HOLD |
| 10 | ENBENBRIDGE INC | 495,000 | $20M | 4.8% | HOLD |
| 11 | AEPAMERICAN ELEC PWR CO INC | 224,000 | $18M | 4.4% | HOLD |
| 12 | TRPTC ENERGY CORP | 362,200 | $17M | 4.3% | HOLD |
| 13 | EVRGEVERGY INC | 275,000 | $17M | 4.2% | HOLD |
| 14 | EIXEDISON INTL | 284,000 | $16M | 3.8% | HOLD |
| 15 | WMBWILLIAMS COS INC | 546,000 | $14M | 3.5% | HOLD |
| 16 | PNWPINNACLE WEST CAP CORP | 150,000 | $11M | 2.6% | HOLD |
| 17 | CNICANADIAN NATL RY CO | 90,000 | $10M | 2.5% | HOLD |
| 18 | CCICROWN CASTLE INC | 60,000 | $10M | 2.5% | HOLD |
| 19 | PPLPPL CORP | 310,000 | $9M | 2.1% | HOLD |
| 20 | PBAPEMBINA PIPELINE CORP | 250,100 | $8M | 1.9% | HOLD |
| 21 | TLKP T TELEKOMUNIKASI INDONESIA | 238,354 | $6M | 1.5% | HOLD |
| 22 | EXCEXELON CORP | 119,500 | $6M | 1.4% | HOLD |
| 23 | DUKDUKE ENERGY CORP NEW | 45,902 | $4M | 1.1% | TRIM −50% |
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