CIK 1599275
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 | 46.52% | 4 |
| Oil, Gas & Consumable Fuels | 25.45% | 5 |
| Capital Markets | 23.08% | 1 |
| Unclassified | 4.95% | 4 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | BX | Blackstone Inc. | Financials | 23.08% |
| 2 | ET | Energy Transfer LP | Utilities | 21.79% |
| 3 | WMB | WILLIAMS COMPANIES, INC. | Utilities | 19.26% |
| 4 | SUN | Sunoco LP | Energy | 8.67% |
| 5 | MPLX | MPLX LP | Energy | 8.39% |
| 6 | PAA | PLAINS ALL AMERICAN PIPELINE LP | Energy | 7.42% |
| 7 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 5.45% |
| 8 | BEP | BROOKFIELD RENEWABLE PARTNER | Unclassified | 2.37% |
| 9 | BIP | BROOKFIELD INFRAST PARTNERS | Unclassified | 2.03% |
| 10 | PAGP | PLAINS GP HOLDINGS LP | Energy | 0.68% |
10/14 names classified · sector 95.1% of weight · industry 95.1% · mkt cap 86.4%; 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: 95.1% of the book is sector-classified (unclassified names shown, never dropped).
Only 42% of book weight classified — the grid is NOT representative of the whole book.
Classified: 42.3% of book weight (2/13 names) · unclassified 57.7%: ET, SUN, MPLX, PAA, EPD, BEP, BIP, PAGP, , SUNC +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 | BXBLACKSTONE INC | 363,892 | $42M | 23.1% | ADD 3% |
| 2 | ETENERGY TRANSFER L P | 2,047,500 | $40M | 21.8% | HOLD |
| 3 | WMBWILLIAMS COS INC | 479,825 | $35M | 19.3% | HOLD |
| 4 | SUNSunoco LP | 242,100 | $16M | 8.7% | HOLD |
| 5 | MPLXMPLX LP | 266,500 | $15M | 8.4% | ADD 3% |
| 6 | PAAPLAINS ALL AMERN PIPELINE L | 602,300 | $13M | 7.4% | HOLD |
| 7 | EPDENTERPRISE PRODS PARTNERS L | 260,978 | $10M | 5.4% | HOLD |
| 8 | BEPBROOKFIELD RENEWABLE PARTNER | 131,804 | $4M | 2.4% | HOLD |
| 9 | BIPBROOKFIELD INFRAST PARTNERS | 102,000 | $4M | 2.0% | HOLD |
| 10 | PAGPPLAINS GP HLDGS L P | 51,000 | $1M | 0.7% | HOLD |
| 11 | Alliance Bernstein Hldg L P | 25,949 | $971,531 | 0.5% | HOLD |
| 12 | SUNCSUNOCOCORP LLC | 8,500 | $524,025 | 0.3% | NEW |
| 13 | USACUSA COMPRESSION PARTNERS LP | 1,756 | $47,623 | 0.0% | HOLD |
| 14 | JP Morgan Alerian MLP Index | 345 | $11,927 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BXBLACKSTONE INC | 346K | 350K | 347K | 348K | 353K | 364K | $42M |
| ETENERGY TRANSFER L P | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | 2.0M | $40M |
| WMBWILLIAMS COS INC | — | 473K | 473K | 482K | 483K | 480K | $35M |
| SUNSunoco LP | — | — | 242K | 242K | 242K | 242K | $16M |
| MPLXMPLX LP | 154K | 211K | 242K | 258K | 258K | 267K | $15M |
| PAAPLAINS ALL AMERN PIPELINE L | — | 525K | 550K | 575K | 600K | 602K | $13M |
| EPDENTERPRISE PRODS PARTNERS L | — | 705K | 266K | 261K | 261K | 261K | $10M |
| BEPBROOKFIELD RENEWABLE PARTNER | 132K | 132K | 132K | 132K | 132K | 132K | $4M |
| BIPBROOKFIELD INFRAST PARTNERS | 100K | 100K | 102K | 102K | 102K | 102K | $4M |
| PAGPPLAINS GP HLDGS L P | 50K | 50K | 50K | 51K | 51K | 51K | $1M |
| Alliance Bernstein Hldg L P | 26K | 26K | 26K | 26K | 26K | 26K | $971,531 |
| SUNCSUNOCOCORP LLC | — | — | — | — | — | 9K | $524,025 |
| USACUSA COMPRESSION PARTNERS LP | 2K | 2K | 2K | 2K | 2K | 2K | $47,623 |
| JP Morgan Alerian MLP Index | 345 | 345 | 345 | 345 | 345 | 345 | $11,927 |
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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