Q4 2025 Holdings
Filed 2026-02-11 | 234 holdings | $443.3M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $50.9M | 1,587,296 | 11.5% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $49.9M | 3,028,233 | 11.3% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $43.0M | 1,089,519 | 9.7% |
| Mplx LP(MPLX) | COM UNIT REP LTD | 55336V100 | $40.9M | 766,529 | 9.2% |
| Plains All Amern Pipeline L(PAA) | UNIT LTD PARTN | 726503105 | $28.6M | 1,594,440 | 6.5% |
| Hess Midstream LP(HESM) | CL A SHS | 428103105 | $18.1M | 525,158 | 4.1% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $15.7M | 464,721 | 3.5% |
| Verizon Communications Inc(VZ) | COM | 92343V104 | $9.0M | 220,979 | 2.0% |
| Comcast Corp New(CMCSA) | CL A | 20030N101 | $8.1M | 272,560 | 1.8% |
| Bristol-Myers Squibb Co(BMY) | COM | 110122108 | $8.0M | 148,983 | 1.8% |
| Pfizer Inc(PFE) | COM | 717081103 | $7.5M | 301,435 | 1.7% |
| Cheniere Energy Partners LP(CQP) | COM UNIT | 16411Q101 | $7.0M | 131,752 | 1.6% |
| Blackstone MTG TR Inc(BXMT) | COM CL A | 09257W100 | $6.1M | 320,000 | 1.4% |
| Easterly Govt Pptys Inc(DEA) | COM SHS | 27616P301 | $6.0M | 281,503 | 1.3% |
| Public Storage Oper Co(PSA) | COM | 74460D109 | $3.5M | 13,330 | 0.8% |
| Boeing Co(BA) | COM | 097023105 | $3.3M | 15,173 | 0.7% |
| American Tower Corp New(AMT) | COM | 03027X100 | $3.3M | 18,763 | 0.7% |
| Vale S A(VALE) | SPONSORED ADS | 91912E105 | $3.1M | 239,430 | 0.7% |
| Spdr Series Trust(SJNK) | STATE STREET SPD | 78468R408 | $3.0M | 118,150 | 0.7% |
| Disney Walt Co(DIS) | COM | 254687106 | $2.8M | 25,000 | 0.6% |
| Ambev SA(ABEV) | SPONSORED ADR | 02319V103 | $2.8M | 1,142,729 | 0.6% |
| Weyerhaeuser Co MTN BE(WY) | COM NEW | 962166104 | $2.8M | 116,404 | 0.6% |
| Americold Realty Trust Inc(COLD) | COM | 03064D108 | $2.7M | 208,735 | 0.6% |
| Hdfc Bank LTD(HDB) | SPONSORED ADS | 40415F101 | $2.6M | 70,360 | 0.6% |
| Novo-Nordisk A S(NVO) | ADR | 670100205 | $2.5M | 49,800 | 0.6% |
| Icici Bank Limited(IBN) | ADR | 45104G104 | $2.4M | 81,992 | 0.6% |
| AIR Prods & Chems Inc(APD) | COM | 009158106 | $2.3M | 9,411 | 0.5% |
| JBS N.V.(JBS) | CL A SHS | N4732M103 | $2.3M | 161,118 | 0.5% |
| Infosys LTD(INFY) | SPONSORED ADR | 456788108 | $2.2M | 122,834 | 0.5% |
| Petroleo Brasileiro SA Petro(PBR) | SPONSORED ADR | 71654V408 | $2.2M | 182,307 | 0.5% |
| Telefonica Brasil SA(VIV) | SPONSORED ADS | 87936R205 | $2.1M | 173,816 | 0.5% |
| Ultrapar Participacoes SA(UGR) | SP ADR REP COM | 90400P101 | $2.0M | 534,513 | 0.5% |
| PPG Inds Inc(PPG) | COM | 693506107 | $2.0M | 19,379 | 0.4% |
| Home Depot Inc(HD) | COM | 437076102 | $2.0M | 5,742 | 0.4% |
| Banco Bradesco S A(BBD) | SP ADR PFD NEW | 059460303 | $1.8M | 543,378 | 0.4% |
| Chevron Corp New(CVX) | COM | 166764100 | $1.8M | 11,845 | 0.4% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $1.8M | 5,426 | 0.4% |
| Itau Unibanco Hldg S A(BVXB) | SPON ADR REP PFD | 465562106 | $1.7M | 233,497 | 0.4% |
| Bank America Corp(BAC) | COM | 060505104 | $1.5M | 28,002 | 0.3% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $1.5M | 4,686 | 0.3% |
| Union PAC Corp(UNP) | COM | 907818108 | $1.5M | 6,513 | 0.3% |
| Texas Instrs Inc(TXN) | COM | 882508104 | $1.5M | 8,663 | 0.3% |
| Adobe Inc(ADBE) | COM | 00724F101 | $1.5M | 4,293 | 0.3% |
| Procter and Gamble Co(PG) | COM | 742718109 | $1.5M | 10,272 | 0.3% |
| International Business Machs(IBM) | COM | 459200101 | $1.5M | 4,896 | 0.3% |
| Wells Fargo Co New(WFC) | COM | 949746101 | $1.4M | 15,380 | 0.3% |
| Emerson Elec Co(EMR) | COM | 291011104 | $1.4M | 10,637 | 0.3% |
| Citigroup Inc(C) | COM NEW | 172967424 | $1.4M | 12,084 | 0.3% |
| US Bancorp del(USB) | COM NEW | 902973304 | $1.4M | 26,294 | 0.3% |
| Morgan Stanley(MS) | COM NEW | 617446448 | $1.4M | 7,885 | 0.3% |