CIK 2045792
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 | 48.65% | 12 |
| Equity Real Estate Investment Trusts (REITs) | 27.40% | 9 |
| Banks | 9.06% | 3 |
| Health Care Providers & Services | 7.04% | 2 |
| Insurance | 4.36% | 1 |
| Diversified Consumer Services | 3.49% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | LNT | ALLIANT ENERGY CORP | Utilities | 4.37% |
| 2 | AFL | AFLAC INC | Financials | 4.36% |
| 3 | FE | FIRSTENERGY CORP | Utilities | 4.36% |
| 4 | WEC | WEC ENERGY GROUP, INC. | Utilities | 4.35% |
| 5 | SO | SOUTHERN CO | Utilities | 4.29% |
| 6 | CNP | CENTERPOINT ENERGY INC | Utilities | 4.11% |
| 7 | AEE | AMEREN CORP | Utilities | 4.08% |
| 8 | OGE | OGE ENERGY CORP. | Utilities | 4.07% |
| 9 | CMS | CMS ENERGY CORP | Utilities | 4.00% |
| 10 | IVT | InvenTrust Properties Corp. | Real Estate | 3.98% |
28/28 names classified · sector 100.0% of weight · industry 100.0% · mkt cap 100.0%; 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: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 96.3% of book weight (27/28 names) · unclassified 3.7%: REG. 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 | LNTALLIANT ENERGY CORP | 3,522 | $252,739 | 4.4% | HOLD |
| 2 | AFLAFLAC INC | 2,302 | $252,552 | 4.4% | HOLD |
| 3 | FEFIRSTENERGY CORP | 4,979 | $252,236 | 4.4% | HOLD |
| 4 | WECWEC ENERGY GROUP INC | 2,177 | $252,031 | 4.4% | HOLD |
| 5 | SOSOUTHERN CO | 2,573 | $248,346 | 4.3% | HOLD |
| 6 | CNPCENTERPOINT ENERGY INC | 5,516 | $238,071 | 4.1% | HOLD |
| 7 | AEEAMEREN CORP | 2,147 | $235,998 | 4.1% | HOLD |
| 8 | OGEOGE ENERGY CORP | 4,913 | $235,627 | 4.1% | HOLD |
| 9 | CMSCMS ENERGY CORP | 2,982 | $231,344 | 4.0% | HOLD |
| 10 | IVTINVENTRUST PPTYS CORP | 7,572 | $230,643 | 4.0% | HOLD |
| 11 | XELXCEL ENERGY INC | 2,872 | $228,152 | 3.9% | HOLD |
| 12 | AVAAVISTA CORP | 5,506 | $221,011 | 3.8% | HOLD |
| 13 | BNLBROADSTONE NET LEASE INC | 11,766 | $214,965 | 3.7% | HOLD |
| 14 | SPGSIMON PPTY GROUP INC NEW | 1,149 | $214,323 | 3.7% | HOLD |
| 15 | EXCEXELON CORP | 4,366 | $214,021 | 3.7% | NEW |
| 16 | REGREGENCY CTRS CORP | 2,803 | $212,075 | 3.7% | NEW |
| 17 | PORPORTLAND GEN ELEC CO | 3,904 | $206,014 | 3.6% | NEW |
| 18 | LHLABCORP HOLDINGS INC | 767 | $204,643 | 3.5% | NEW |
| 19 | BNYBANK NEW YORK MELLON CORP | 1,722 | $204,281 | 3.5% | NEW |
| 20 | DGXQUEST DIAGNOSTICS INC | 1,036 | $203,035 | 3.5% | NEW |
| 21 | SCISERVICE CORP INTL | 2,446 | $201,819 | 3.5% | NEW |
| 22 | DXDYNEX CAP INC | 15,285 | $195,037 | 3.4% | HOLD |
| 23 | FNBF N B CORP | 11,012 | $184,121 | 3.2% | HOLD |
| 24 | PMTPENNYMAC MTG INVT TR | 12,684 | $147,895 | 2.6% | HOLD |
| 25 | LADRLADDER CAP CORP | 14,330 | $140,004 | 2.4% | HOLD |
| 26 | NWBINORTHWEST BANCSHARES INC MD | 10,717 | $135,999 | 2.3% | HOLD |
| 27 | FPIFARMLAND PARTNERS INC | 10,649 | $119,588 | 2.1% | NEW |
| 28 | ARIAPOLLO COML REAL EST FIN INC | 10,532 | $111,218 | 1.9% | TRIM −52% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| LNTALLIANT ENERGY CORP | 4K | 4K | 4K | 4K | 4K | 4K | $252,739 |
| AFLAFLAC INC | 2K | 2K | 2K | 2K | 2K | 2K | $252,552 |
| FEFIRSTENERGY CORP | — | 5K | 5K | 5K | 5K | 5K | $252,236 |
| WECWEC ENERGY GROUP INC | 2K | 2K | 2K | 2K | 2K | 2K | $252,031 |
| SOSOUTHERN CO | 3K | 3K | 3K | 3K | 3K | 3K | $248,346 |
| CNPCENTERPOINT ENERGY INC | — | — | 6K | 6K | 6K | 6K | $238,071 |
| AEEAMEREN CORP | — | 2K | 2K | 2K | 2K | 2K | $235,998 |
| OGEOGE ENERGY CORP | 5K | 5K | 5K | 5K | 5K | 5K | $235,627 |
| CMSCMS ENERGY CORP | — | 3K | 3K | 3K | 3K | 3K | $231,344 |
| IVTINVENTRUST PPTYS CORP | 8K | 8K | 8K | 8K | 8K | 8K | $230,643 |
| XELXCEL ENERGY INC | — | 3K | — | 3K | 3K | 3K | $228,152 |
| AVAAVISTA CORP | — | — | 6K | 6K | 6K | 6K | $221,011 |
| BNLBROADSTONE NET LEASE INC | — | — | — | 12K | 12K | 12K | $214,965 |
| SPGSIMON PPTY GROUP INC NEW | 1K | 1K | — | 1K | 1K | 1K | $214,323 |
| EXCEXELON CORP | — | — | — | — | — | 4K | $214,021 |
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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