Q4 2025 Holdings
Filed 2026-02-13 | 66 holdings | $4.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Williams COS Inc(WMB) | COM | 969457100 | $459.9M | 7,651,554 | 10.4% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $428.0M | 13,349,349 | 9.7% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $395.0M | 23,954,947 | 9.0% |
| Mplx LP(MPLX) | COM UNIT REP LTD | 55336V100 | $385.7M | 7,227,400 | 8.8% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $346.9M | 12,618,029 | 7.9% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $305.7M | 1,572,403 | 6.9% |
| TC Energy Corp(TRP) | COM | 87807B107 | $294.2M | 5,347,680 | 6.7% |
| Oneok Inc New(OKE) | COM | 682680103 | $266.9M | 3,631,025 | 6.1% |
| Enbridge Inc(ENB) | COM | 29250N105 | $219.9M | 4,597,108 | 5.0% |
| Mach Natural Resources LP(MNR) | COM UNIT LTD PAR | 55445L100 | $211.8M | 19,187,581 | 4.8% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $159.6M | 864,853 | 3.6% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $154.1M | 3,901,093 | 3.5% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $103.3M | 863,526 | 2.3% |
| Plains All Amern Pipeline L(PAA) | UNIT LTD PARTN | 726503105 | $91.9M | 5,119,534 | 2.1% |
| Sempra(SRE) | COM | 816851109 | $84.6M | 958,278 | 1.9% |
| Antero Midstream Corp(AM) | COM | 03676B102 | $80.7M | 4,534,994 | 1.8% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $67.2M | 1,765,768 | 1.5% |
| Hess Midstream LP(HESM) | CL A SHS | 428103105 | $56.8M | 1,645,618 | 1.3% |
| Entergy Corp New(ETR) | COM | 29364G103 | $56.6M | 612,471 | 1.3% |
| Centerpoint Energy Inc(CNP) | COM | 15189T107 | $47.3M | 1,234,928 | 1.1% |
| Linde PLC(LIN) | SHS | G54950103 | $35.6M | 83,411 | 0.8% |
| Excelerate Energy Inc(EE) | CL A COM | 30069T101 | $25.6M | 911,121 | 0.6% |
| Archrock Inc(AROC) | COM | 03957W106 | $14.4M | 551,897 | 0.3% |
| PPL Corp(PPL) | COM | 69351T106 | $13.2M | 376,110 | 0.3% |
| Kayne Anderson Energy Infrst(KYN) | COM | 486606106 | $10.0M | 808,748 | 0.2% |
| NRG Energy Inc(NRG) | COM NEW | 629377508 | $8.3M | 52,381 | 0.2% |
| Exelon Corp(EXC) | COM | 30161N101 | $8.3M | 191,092 | 0.2% |
| Simplify Exchange Traded FUN(KNRG) | KAYNE ANDERSON | 82889N277 | $7.7M | 298,594 | 0.2% |
| National Fuel Gas Co(NFG) | COM | 636180101 | $7.6M | 94,501 | 0.2% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $5.9M | 15,761 | 0.1% |
| Xcel Energy Inc(XEL) | COM | 98389B100 | $5.7M | 76,694 | 0.1% |
| GE Vernova Inc(GEV) | COM | 36828A101 | $5.4M | 8,292 | 0.1% |
| Centuri Holdings Inc(CTRI) | COM SHS | 155923105 | $5.0M | 198,161 | 0.1% |
| Algonquin PWR Utils Corp(AQN) | COM | 015857105 | $4.7M | 770,878 | 0.1% |
| PG&E Corp | PFD CONV SER A | 69331C306 | $4.4M | 108,000 | 0.1% |
| Quanta Svcs Inc(PWR) | COM | 74762E102 | $4.4M | 10,350 | 0.1% |
| Powell Inds Inc(POWL) | COM | 739128106 | $3.5M | 11,059 | 0.1% |
| Plains GP Hldgs L P(PAGPEUR) | LTD PARTNR INT A | 72651A207 | $3.4M | 175,372 | 0.1% |
| AES Corp(AES) | COM | 00130H105 | $3.3M | 231,750 | 0.1% |
| Nextera Energy Inc | UNIT 11/01/2027 | 65339F119 | $2.9M | 60,000 | 0.1% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $2.9M | 313,888 | 0.1% |
| Cameco Corp(CCJ) | COM | 13321L108 | $2.7M | 29,545 | 0.1% |
| Kodiak Gas Svcs Inc(KGS) | COM | 50012A108 | $1.5M | 41,035 | 0.0% |
| Global Partners LP(GLP) | COM UNITS | 37946R109 | $1.3M | 31,925 | 0.0% |