CIK 949615
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 | 74.03% | 29 |
| Oil, Gas & Consumable Fuels | 25.14% | 9 |
| Unclassified | 0.42% | 2 |
| Electrical Equipment & Components | 0.15% | 2 |
| Construction & Engineering | 0.11% | 2 |
| Metals & Mining | 0.07% | 1 |
| Machinery | 0.03% | 1 |
| Distributors | 0.03% | 1 |
| Semiconductors & Semiconductor Equipment | 0.02% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Utilities | 9.45% |
| 2 | WMB | WILLIAMS COMPANIES, INC. | Utilities | 9.35% |
| 3 | ET | Energy Transfer LP | Utilities | 9.09% |
| 4 | LNG | Cheniere Energy, Inc. | Utilities | 9.04% |
| 5 | MPLX | MPLX LP | Energy | 7.47% |
| 6 | KMI | KINDER MORGAN, INC. | Utilities | 7.04% |
| 7 | OKE | ONEOK INC /NEW/ | Utilities | 6.70% |
| 8 | ENB | ENBRIDGE INC | Energy | 6.33% |
| 9 | TRP | TC ENERGY CORP | Utilities | 5.78% |
| 10 | MNR | MACH NATURAL RESOURCES LP | Energy | 5.09% |
46/48 names classified · sector 99.6% of weight · industry 99.6% · mkt cap 86.0%; 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: 99.6% of the book is sector-classified (unclassified names shown, never dropped).
Only 47% of book weight classified — the grid is NOT representative of the whole book.
Classified: 47.0% of book weight (28/48 names) · unclassified 53.0%: EPD, ET, MPLX, ENB, TRP, MNR, WES, PAA, PBA, HESM +10 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 | EPDENTERPRISE PRODS PARTNERS L | 13,031,597 | $493M | 9.5% | TRIM −2% |
| 2 | WMBWILLIAMS COS INC | 6,703,243 | $488M | 9.4% | TRIM −12% |
| 3 | ETENERGY TRANSFER L P | 24,582,320 | $474M | 9.1% | ADD 3% |
| 4 | LNGCheniere Energy, Inc | 1,661,622 | $472M | 9.0% | ADD 6% |
| 5 | MPLXMPLX LP | 6,826,567 | $390M | 7.5% | TRIM −6% |
| 6 | KMIKINDER MORGAN INC DEL | 10,954,067 | $367M | 7.0% | TRIM −13% |
| 7 | OKEONEOK INC NEW | 3,864,461 | $349M | 6.7% | ADD 6% |
| 8 | ENBENBRIDGE INC | 6,095,939 | $330M | 6.3% | ADD 33% |
| 9 | TRPTC ENERGY CORP | 4,817,663 | $302M | 5.8% | TRIM −10% |
| 10 | MNRMACH NATURAL RESOURCES LP | 18,960,034 | $265M | 5.1% | HOLD |
| 11 | TRGPTARGA RES CORP | 777,603 | $195M | 3.7% | TRIM −10% |
| 12 | WESWESTERN MIDSTREAM PARTNERS L | 3,918,091 | $161M | 3.1% | HOLD |
| 13 | PAAPLAINS ALL AMERN PIPELINE L | 6,200,636 | $138M | 2.7% | ADD 21% |
| 14 | AMANTERO MIDSTREAM CORP | 4,248,708 | $97M | 1.9% | TRIM −6% |
| 15 | DTMDT MIDSTREAM INC | 649,976 | $88M | 1.7% | TRIM −25% |
| 16 | SRESEMPRA | 776,402 | $75M | 1.4% | TRIM −19% |
| 17 | PBAPEMBINA PIPELINE CORP | 1,606,533 | $72M | 1.4% | TRIM −9% |
| 18 | ETRENTERGY CORP NEW | 602,401 | $68M | 1.3% | HOLD |
| 19 | HESMHESS MIDSTREAM LP | 1,511,093 | $59M | 1.1% | TRIM −8% |
| 20 | CNPCENTERPOINT ENERGY INC | 1,244,218 | $54M | 1.0% | HOLD |
| 21 | MPCMARATHON PETE CORP | 159,988 | $39M | 0.7% | NEW |
| 22 | KGSKODIAK GAS SVCS INC | 622,969 | $36M | 0.7% | ADD 1418% |
| 23 | AROCARCHROCK INC | 996,468 | $35M | 0.7% | ADD 81% |
| 24 | EEEXCELERATE ENERGY INC | 646,535 | $22M | 0.4% | TRIM −29% |
| 25 | SWXSOUTHWEST GAS HLDGS INC | 216,680 | $19M | 0.4% | NEW |
| 26 | SUNCSUNOCOCORP LLC | 216,889 | $13M | 0.3% | NEW |
| 27 | KYNKAYNE ANDERSON ENERGY INFRST | 808,748 | $12M | 0.2% | HOLD |
| 28 | KNRGSIMPLIFY EXCHANGE TRADED FUN | 399,553 | $10M | 0.2% | ADD 34% |
| 29 | NFGNATIONAL FUEL GAS CO | 106,322 | $10M | 0.2% | ADD 13% |
| 30 | NRGNRG ENERGY INC | 64,239 | $9M | 0.2% | ADD 23% |
| 31 | XELXCEL ENERGY INC | 97,379 | $8M | 0.1% | ADD 27% |
| 32 | PPLPPL CORP | 200,042 | $8M | 0.1% | TRIM −47% |
| 33 | USACUSA COMPRESSION PARTNERS LP | 250,946 | $7M | 0.1% | NEW |
| 34 | GEVGE VERNOVA INC | 6,873 | $6M | 0.1% | TRIM −17% |
| 35 | IDAIDACORP INC | 38,502 | $6M | 0.1% | NEW |
| 36 | VSTVISTRA CORP | 34,412 | $5M | 0.1% | NEW |
| 37 | PAGPPLAINS GP HLDGS L P | 197,711 | $5M | 0.1% | ADD 13% |
| 38 | AEPAMERICAN ELEC PWR CO INC | 35,263 | $5M | 0.1% | NEW |
| 39 | PWRQUANTA SVCS INC | 8,369 | $5M | 0.1% | TRIM −19% |
| 40 | CEGCONSTELLATION ENERGY CORP | 16,180 | $5M | 0.1% | NEW |
| 41 | CCJCAMECO CORP | 34,139 | $4M | 0.1% | ADD 16% |
| 42 | TLNTALEN ENERGY CORP | 11,549 | $4M | 0.1% | TRIM −27% |
| 43 | CTRICENTURI HOLDINGS INC | 98,861 | $3M | 0.1% | TRIM −50% |
| 44 | BWXTBWX TECHNOLOGIES INC | 8,399 | $2M | 0.0% | NEW |
| 45 | POWLPOWELL INDS INC | 3,139 | $2M | 0.0% | TRIM −72% |
| 46 | MWHSOLV ENERGY INC | 45,674 | $1M | 0.0% | NEW |
| 47 | GLPGLOBAL PARTNERS LP | 31,925 | $1M | 0.0% | HOLD |
| 48 | FSLRFIRST SOLAR INC | 4,769 | $940,733 | 0.0% | NEW |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| EPDENTERPRISE PRODS PARTNERS L | 13.6M | 13.6M | 13.4M | 13.4M | 13.3M | 13.0M | $493M |
| WMBWILLIAMS COS INC | 7.8M | 7.9M | 7.9M | 7.6M | 7.7M | 6.7M | $488M |
| ETENERGY TRANSFER L P | 24.0M | 24.2M | 24.1M | 24.0M | 24.0M | 24.6M | $474M |
| LNGCheniere Energy, Inc | 1.4M | 1.5M | 1.6M | 1.6M | 1.6M | 1.7M | $472M |
| MPLXMPLX LP | 5.6M | 7.8M | 7.6M | 7.2M | 7.2M | 6.8M | $390M |
| KMIKINDER MORGAN INC DEL | 10.2M | 10.8M | 10.8M | 12.5M | 12.6M | 11.0M | $367M |
| OKEONEOK INC NEW | 2.6M | 2.8M | 3.5M | 3.6M | 3.6M | 3.9M | $349M |
| ENBENBRIDGE INC | 3.8M | 2.9M | 3.1M | 4.6M | 4.6M | 6.1M | $330M |
| TRPTC ENERGY CORP | 4.8M | 4.5M | 4.6M | 5.4M | 5.3M | 4.8M | $302M |
| MNRMACH NATURAL RESOURCES LP | — | — | — | 19.2M | 19.2M | 19.0M | $265M |
| TRGPTARGA RES CORP | 1.5M | 1.4M | 1.3M | 1.0M | 865K | 778K | $195M |
| WESWESTERN MIDSTREAM PARTNERS L | 4.6M | 4.6M | 3.4M | 3.4M | 3.9M | 3.9M | $161M |
| PAAPLAINS ALL AMERN PIPELINE L | 5.6M | 5.5M | 5.1M | 5.1M | 5.1M | 6.2M | $138M |
| AMANTERO MIDSTREAM CORP | 2.9M | 2.9M | 2.8M | 3.6M | 4.5M | 4.2M | $97M |
| DTMDT MIDSTREAM INC | 679K | 677K | 873K | 867K | 864K | 650K | $88M |
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.
