CIK 1621802
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 |
|---|---|---|
| Unclassified | 35.15% | 33 |
| Utilities | 30.77% | 22 |
| Oil, Gas & Consumable Fuels | 23.56% | 13 |
| Machinery | 1.56% | 4 |
| Capital Markets | 1.47% | 9 |
| Banks | 1.04% | 8 |
| Semiconductors & Semiconductor Equipment | 1.01% | 6 |
| Construction & Engineering | 0.78% | 4 |
| Equity Real Estate Investment Trusts (REITs) | 0.78% | 9 |
| Specialty Retail | 0.66% | 2 |
| Beverages | 0.57% | 3 |
| Distributors | 0.44% | 1 |
| Pharmaceuticals & Biotechnology | 0.32% | 3 |
| Software & IT Services | 0.29% | 2 |
| Software | 0.26% | 3 |
| Metals & Mining | 0.24% | 3 |
| Aerospace & Defense | 0.21% | 3 |
| Diversified Telecommunication Services | 0.15% | 2 |
| Chemicals | 0.15% | 3 |
| Tobacco | 0.13% | 1 |
| Food Products | 0.12% | 1 |
| Hotels, Restaurants & Leisure | 0.08% | 2 |
| Insurance | 0.06% | 1 |
| Media & Publishing | 0.05% | 1 |
| Entertainment | 0.04% | 2 |
| Electrical Equipment & Components | 0.04% | 1 |
| Commercial Services & Supplies | 0.04% | 1 |
| Technology Hardware & Equipment | 0.04% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | Utilities | 7.69% |
| 2 | PAA | PLAINS ALL AMERICAN PIPELINE LP | Energy | 6.48% |
| 3 | SUN | Sunoco LP | Energy | 5.93% |
| 4 | MPLX | MPLX LP | Energy | 5.72% |
| 5 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 5.50% |
| 6 | ENERGY TRANSFER L P | Unclassified | 5.44% | |
| 7 | WES | Western Midstream Partners, LP | Utilities | 4.77% |
| 8 | RLJ LODGING TR | Unclassified | 4.34% | |
| 9 | KKR & CO INC | Unclassified | 4.12% | |
| 10 | FLAGSTAR BANK NATIONAL ASSOC | Unclassified | 4.03% |
112/144 names classified · sector 64.9% of weight · industry 64.9% · mkt cap 58.2%; 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: 64.9% of the book is sector-classified (unclassified names shown, never dropped).
Only 21% of book weight classified — the grid is NOT representative of the whole book.
Classified: 20.6% of book weight (86/124 names) · unclassified 79.4%: , ET, PAA, SUN, MPLX, EPD, WES, HESM, CQP, GEL +28 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 | ETENERGY TRANSFER L P | 4,243,763 | $82M | 7.7% | ADD 40% |
| 2 | PAAPLAINS ALL AMERN PIPELINE L | 3,089,992 | $69M | 6.5% | ADD 4% |
| 3 | SUNSUNOCO LP/SUNOCO FIN CORP | 972,935 | $63M | 5.9% | ADD 34% |
| 4 | MPLXMPLX LP | 1,068,251 | $61M | 5.7% | ADD 3% |
| 5 | EPDENTERPRISE PRODS PARTNERS L | 1,548,308 | $59M | 5.5% | ADD 15% |
| 6 | ENERGY TRANSFER L P | 5,011,646 | $58M | 5.4% | NEW |
| 7 | WESWESTERN MIDSTREAM PARTNERS L | 1,234,879 | $51M | 4.8% | ADD 7% |
| 8 | RLJ LODGING TR | 1,916,768 | $46M | 4.3% | ADD 8% |
| 9 | KKR & CO INC | 1,090,186 | $44M | 4.1% | TRIM −2% |
| 10 | FLAGSTAR BANK NATIONAL ASSOC | 1,108,811 | $43M | 4.0% | ADD 5% |
| 11 | APOLLO GLOBAL MGMT INC | 676,299 | $40M | 3.7% | TRIM −13% |
| 12 | ALBEMARLE CORP | 526,230 | $38M | 3.5% | ADD 1065% |
| 13 | HESMHESS MIDSTREAM LP | 668,739 | $26M | 2.4% | TRIM −52% |
| 14 | TRGPTARGA RES CORP | 93,591 | $23M | 2.2% | ADD 5% |
| 15 | LNGCheniere Energy, Inc | 82,190 | $23M | 2.2% | TRIM −31% |
| 16 | WMBWILLIAMS COS INC | 302,076 | $22M | 2.1% | ADD 12% |
| 17 | KMIKINDER MORGAN INC DEL | 554,397 | $19M | 1.7% | TRIM −9% |
| 18 | PEBBLEBROOK HOTEL TR | 933,282 | $18M | 1.7% | ADD 10% |
| 19 | ARES MANAGEMENT CORPORATION | 465,201 | $17M | 1.6% | ADD 33% |
| 20 | GTLSCHART INDS INC | 73,205 | $15M | 1.4% | ADD 10% |
| 21 | CQPCHENIERE ENERGY PARTNERS LP | 226,611 | $15M | 1.4% | ADD 43% |
| 22 | GELGENESIS ENERGY L P | 631,861 | $11M | 1.1% | ADD 2% |
| 23 | STRATEGY INC | 153,001 | $11M | 1.0% | ADD 10% |
| 24 | BRAEMAR HOTELS & RESORTS INC | 601,124 | $9M | 0.8% | ADD 11% |
| 25 | USACUSA COMPRESSION PARTNERS LP | 314,657 | $9M | 0.8% | ADD 2% |
| 26 | OKEONEOK INC NEW | 91,229 | $8M | 0.8% | TRIM −36% |
| 27 | DKLDELEK LOGISTICS PARTNERS LP | 156,476 | $8M | 0.7% | ADD 2% |
| 28 | BOEING CO | 120,482 | $8M | 0.7% | TRIM −71% |
| 29 | AMZNAMAZON COM INC | 32,415 | $7M | 0.6% | ADD 92% |
| 30 | MRVLMARVELL TECHNOLOGY INC | 61,841 | $6M | 0.6% | ADD 14% |
| 31 | RITHM PPTY TR INC | 245,237 | $6M | 0.6% | NEW |
| 32 | MPCMARATHON PETE CORP | 24,604 | $6M | 0.6% | TRIM −12% |
| 33 | PFFAETFIS SER TR I | 289,221 | $6M | 0.6% | HOLD |
| 34 | TRPTC ENERGY CORP | 91,257 | $6M | 0.5% | ADD 265% |
| 35 | CFGCITIZENS FINL GROUP INC | 82,212 | $5M | 0.5% | ADD 84% |
| 36 | HEWLETT PACKARD ENTERPRISE C | 73,164 | $5M | 0.4% | ADD 10% |
| 37 | GLPGLOBAL PARTNERS LP | 110,208 | $5M | 0.4% | ADD 2% |
| 38 | CELHCELSIUS HLDGS INC | 122,534 | $4M | 0.4% | ADD 95% |
| 39 | TOLTOLL BROTHERS INC | 31,226 | $4M | 0.4% | NEW |
| 40 | KKRKKR & CO INC | 42,474 | $4M | 0.4% | ADD 25% |
| 41 | PEBBLEBROOK HOTEL TR | 200,427 | $4M | 0.4% | ADD 13% |
| 42 | NEENEXTERA ENERGY INC | 39,920 | $4M | 0.3% | ADD 14% |
| 43 | WHIRLPOOL CORP | 90,118 | $4M | 0.3% | NEW |
| 44 | GSGOLDMAN SACHS GROUP INC | 4,142 | $4M | 0.3% | ADD 409% |
| 45 | NEXTERA ENERGY INC | 67,913 | $3M | 0.3% | NEW |
| 46 | APOAPOLLO GLOBAL MGMT INC | 29,938 | $3M | 0.3% | ADD 24% |
| 47 | EPR PPTYS | 100,124 | $3M | 0.3% | TRIM −18% |
| 48 | ORACLE CORP | 65,746 | $3M | 0.3% | NEW |
| 49 | LENLENNAR CORP | 32,881 | $3M | 0.3% | NEW |
| 50 | METAMETA PLATFORMS INC | 4,815 | $3M | 0.3% | TRIM −8% |
| 51 | LXP INDUSTRIAL TRUST | 58,957 | $3M | 0.3% | ADD 10% |
| 52 | PSXPHILLIPS 66 | 14,865 | $3M | 0.3% | TRIM −66% |
| 53 | MRKMERCK & CO INC | 21,977 | $3M | 0.2% | ADD 46% |
| 54 | NVDANVIDIA CORPORATION | 14,999 | $3M | 0.2% | ADD 116% |
| 55 | FCXFREEPORT MCMORAN INC | 36,273 | $2M | 0.2% | TRIM −44% |
| 56 | MSFTMICROSOFT CORP | 5,720 | $2M | 0.2% | ADD 357% |
| 57 | XELXCEL ENERGY INC | 25,438 | $2M | 0.2% | ADD 24% |
| 58 | VSTVISTRA CORP | 13,107 | $2M | 0.2% | ADD 24% |
| 59 | ZIONZIONS BANCORPORATION N A | 34,089 | $2M | 0.2% | NEW |
| 60 | KRCKILROY RLTY CORP | 65,326 | $2M | 0.2% | ADD 23% |
| 61 | DINOHF SINCLAIR CORP | 28,966 | $2M | 0.2% | NEW |
| 62 | AMZAETFIS SER TR I | 38,787 | $2M | 0.2% | HOLD |
| 63 | VLOVALERO ENERGY CORP | 6,374 | $2M | 0.1% | TRIM −70% |
| 64 | BXPBXP INC | 30,261 | $2M | 0.1% | ADD 65% |
| 65 | MSMORGAN STANLEY | 8,957 | $1M | 0.1% | ADD 637% |
| 66 | PMPHILIP MORRIS INTL INC | 8,352 | $1M | 0.1% | TRIM −46% |
| 67 | CTRACOTERRA ENERGY INC | 37,334 | $1M | 0.1% | ADD 60% |
| 68 | KHCKRAFT HEINZ CO | 56,230 | $1M | 0.1% | ADD 24% |
| 69 | LNTALLIANT ENERGY CORP | 17,492 | $1M | 0.1% | ADD 23% |
| 70 | REXRREXFORD INDL RLTY INC | 37,999 | $1M | 0.1% | ADD 24% |
| 71 | BXBLACKSTONE INC | 10,488 | $1M | 0.1% | ADD 24% |
| 72 | VZVERIZON COMMUNICATIONS INC | 23,742 | $1M | 0.1% | ADD 24% |
| 73 | CCICROWN CASTLE INC | 12,721 | $1M | 0.1% | ADD 62% |
| 74 | AVGOBROADCOM INC | 3,323 | $1M | 0.1% | ADD 22% |
| 75 | SCAPSERIES PORTFOLIOS TR | 28,464 | $991,756 | 0.1% | ADD 7% |
| 76 | USBUS BANCORP | 18,693 | $972,223 | 0.1% | TRIM −12% |
| 77 | FITBFIFTH THIRD BANCORP | 20,752 | $964,138 | 0.1% | ADD 24% |
| 78 | KOCOCA COLA CO | 12,020 | $914,121 | 0.1% | ADD 104% |
| 79 | LMTLOCKHEED MARTIN CORP | 1,512 | $913,837 | 0.1% | ADD 194% |
| 80 | KVUEKENVUE INC | 52,501 | $905,117 | 0.1% | TRIM −61% |
| 81 | SNEXSTONEX GROUP INC | 10,284 | $829,405 | 0.1% | ADD 65% |
| 82 | TPGTPG INC | 20,321 | $823,204 | 0.1% | ADD 4% |
| 83 | PEPPEPSICO INC | 5,164 | $801,918 | 0.1% | TRIM −63% |
| 84 | PG&E CORP | 18,489 | $795,367 | 0.1% | TRIM −6% |
| 85 | SAFESAFEHOLD INC | 57,833 | $782,480 | 0.1% | ADD 24% |
| 86 | EWBCEAST WEST BANCORP INC | 7,085 | $756,395 | 0.1% | ADD 16% |
| 87 | NTBBANK OF NT BUTTERFIELD&SON L | 13,714 | $719,711 | 0.1% | ADD 6% |
| 88 | CATCATERPILLAR INC | 1,013 | $717,670 | 0.1% | TRIM −67% |
| 89 | HIIHUNTINGTON INGALLS INDS INC | 1,850 | $702,815 | 0.1% | NEW |
| 90 | DHID R HORTON INC | 5,111 | $701,331 | 0.1% | NEW |
| 91 | GNLGLOBAL NET LEASE INC | 68,204 | $638,389 | 0.1% | TRIM −88% |
| 92 | WYNNWYNN RESORTS LTD | 6,039 | $613,260 | 0.1% | ADD 16% |
| 93 | VGVENTURE GLOBAL INC | 38,447 | $605,925 | 0.1% | TRIM −45% |
| 94 | OTTROTTER TAIL CORP | 6,794 | $596,309 | 0.1% | ADD 15% |
| 95 | BHFBRIGHTHOUSE FINL INC | 9,937 | $595,028 | 0.1% | NEW |
| 96 | NWENORTHWESTERN ENERGY GROUP IN | 8,650 | $570,381 | 0.1% | ADD 16% |
| 97 | SAROSTANDARDAERO INC | 22,008 | $568,467 | 0.1% | TRIM −8% |
| 98 | EIXEDISON INTL | 7,748 | $566,999 | 0.1% | TRIM −70% |
| 99 | HALOHALOZYME THERAPEUTICS INC | 8,434 | $545,089 | 0.1% | ADD 16% |
| 100 | MOG.AMOOG INC | 1,850 | $541,384 | 0.1% | NEW |
| 101 | ICAPSERIES PORTFOLIOS TR | 20,393 | $536,544 | 0.1% | TRIM −26% |
| 102 | BHRBRAEMAR HOTELS & RESORTS INC | 224,658 | $530,193 | 0.0% | ADD 16% |
| 103 | KBHKB HOME | 10,130 | $524,228 | 0.0% | NEW |
| 104 | NYTNEW YORK TIMES CO | 6,082 | $507,847 | 0.0% | TRIM −13% |
| 105 | PFBCPREFERRED BK LOS ANGELES CA | 5,513 | $499,974 | 0.0% | ADD 16% |
| 106 | BPOPPOPULAR INC | 3,726 | $499,917 | 0.0% | ADD 15% |
| 107 | FSLRFIRST SOLAR INC | 2,531 | $499,265 | 0.0% | ADD 23% |
| 108 | OKTAOKTA INC | 5,948 | $468,167 | 0.0% | ADD 15% |
| 109 | TAT&T INC | 15,518 | $449,867 | 0.0% | ADD 24% |
| 110 | GEVGE VERNOVA INC | 501 | $437,323 | 0.0% | TRIM −61% |
| 111 | AGNCAGNC Investment Corp | 42,072 | $421,982 | 0.0% | ADD 16% |
| 112 | WUWESTERN UN CO | 46,387 | $404,959 | 0.0% | ADD 16% |
| 113 | MKSIMKS INSTRUMENT INC | 1,750 | $402,168 | 0.0% | TRIM −51% |
| 114 | MSDLMORGAN STANLEY DIRECT LENDIN | 26,001 | $362,974 | 0.0% | ADD 160% |
| 115 | ASIXADVANSIX INC | 14,748 | $359,851 | 0.0% | ADD 16% |
| 116 | DKNGDRAFTKINGS INC NEW | 16,493 | $356,579 | 0.0% | ADD 33% |
| 117 | AVNTAVIENT CORPORATION | 9,568 | $347,318 | 0.0% | ADD 16% |
| 118 | SOSOUTHERN CO | 3,305 | $318,999 | 0.0% | TRIM −62% |
| 119 | GDDYGODADDY INC | 3,851 | $318,362 | 0.0% | ADD 97% |
| 120 | LAZLAZARD INC | 7,391 | $313,970 | 0.0% | ADD 16% |
| 121 | CASYCASEYS GEN STORES INC | 413 | $300,606 | 0.0% | TRIM −65% |
| 122 | CHRDCHORD ENERGY CORPORATION | 2,040 | $290,047 | 0.0% | TRIM −62% |
| 123 | JNKSPDR SER TR | 2,960 | $281,778 | 0.0% | NEW |
| 124 | VIAVVIAVI SOLUTIONS INC | 8,355 | $278,054 | 0.0% | NEW |
| 125 | HYGISHARES TR | 3,509 | $277,794 | 0.0% | NEW |
| 126 | BNDSSERIES PORTFOLIOS TR | 5,580 | $277,131 | 0.0% | HOLD |
| 127 | RRXREGAL REXNORD CORPORATION | 1,440 | $269,654 | 0.0% | NEW |
| 128 | RITMRITHM CAPITAL CORP | 27,723 | $262,814 | 0.0% | ADD 16% |
| 129 | HLIHOULIHAN LOKEY INC | 1,810 | $259,952 | 0.0% | ADD 15% |
| 130 | GLDSPDR GOLD TR | 601 | $258,604 | 0.0% | NEW |
| 131 | AMDADVANCED MICRO DEVICES INC | 1,201 | $244,319 | 0.0% | NEW |
| 132 | XOMEXXON MOBIL CORP | 1,438 | $243,971 | 0.0% | TRIM −76% |
| 133 | PKPARK HOTELS & RESORTS INC | 23,107 | $243,317 | 0.0% | ADD 16% |
| 134 | KNTKKINETIK HOLDINGS INC | 5,025 | $243,260 | 0.0% | TRIM −98% |
| 135 | WALWESTERN ALLIANCE BANCORP | 3,349 | $237,277 | 0.0% | ADD 15% |
| 136 | FROGJFROG LTD | 4,962 | $232,867 | 0.0% | NEW |
| 137 | SEALED AIR CORP NEW | 5,000 | $210,250 | 0.0% | NEW |
| 138 | HBMHUDBAY MINERALS INC | 10,000 | $209,000 | 0.0% | NEW |
| 139 | CVXCHEVRON CORP NEW | 985 | $203,797 | 0.0% | TRIM −93% |
| 140 | EQXEQUINOX GOLD CORP | 12,802 | $185,117 | 0.0% | TRIM −59% |
| 141 | AQNALGONQUIN PWR UTILS CORP | 29,288 | $179,828 | 0.0% | ADD 10% |
| 142 | OGNORGANON & CO | 28,001 | $167,726 | 0.0% | ADD 65% |
| 143 | GENIGENIUS SPORTS LIMITED | 26,000 | $115,180 | 0.0% | ADD 16% |
| 144 | FSKFS KKR CAP CORP | 10,000 | $101,800 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| ETENERGY TRANSFER L P | 3.2M | 3.5M | 3.6M | 3.1M | 3.0M | 4.2M | $82M |
| PAAPLAINS ALL AMERN PIPELINE L | 3.6M | 54K | 3.2M | 3.3M | 3.0M | 3.1M | $69M |
| SUNSUNOCO LP/SUNOCO FIN CORP | 1.2M | 296K | 983K | 648K | 725K | 973K | $63M |
| MPLXMPLX LP | 1.4M | 164K | 1.2M | 1.1M | 1.0M | 1.1M | $61M |
| EPDENTERPRISE PRODS PARTNERS L | 1.7M | 533K | 1.8M | 1.4M | 1.3M | 1.5M | $59M |
| ENERGY TRANSFER L P | — | — | — | — | — | 5.0M | $58M |
| WESWESTERN MIDSTREAM PARTNERS L | 1.4M | — | 1.5M | 1.0M | 1.2M | 1.2M | $51M |
| RLJ LODGING TR | 1.4M | 1.5M | 1.6M | 1.7M | 1.8M | 1.9M | $46M |
| KKR & CO INC | — | 200K | 638K | 816K | 1.1M | 1.1M | $44M |
| FLAGSTAR BANK NATIONAL ASSOC | 668K | 789K | 890K | 980K | 1.1M | 1.1M | $43M |
| APOLLO GLOBAL MGMT INC | 146K | 302K | 389K | 593K | 777K | 676K | $40M |
| ALBEMARLE CORP | — | — | — | 13K | 45K | 526K | $38M |
| HESMHESS MIDSTREAM LP | 610K | 1.3M | 1.1M | 1.4M | 1.4M | 669K | $26M |
| TRGPTARGA RES CORP | 32K | 50K | 74K | 109K | 89K | 94K | $23M |
| LNGCheniere Energy, Inc | 55K | 66K | 91K | 124K | 119K | 82K | $23M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
