Q4 2025 Holdings
Filed 2026-01-27 | 60 holdings | $1.7B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $131.8M | 7,991,600 | 7.6% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $125.7M | 681,300 | 7.2% |
| Mplx LP(MPLX) | COM UNIT REP LTD | 55336V100 | $100.5M | 1,883,800 | 5.8% |
| Williams COS Inc(WMB) | COM | 969457100 | $95.9M | 1,595,100 | 5.5% |
| Oneok Inc New(OKE) | COM | 682680103 | $95.4M | 1,297,916 | 5.5% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $89.7M | 749,300 | 5.1% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $78.8M | 2,865,000 | 4.5% |
| Plains GP Hldgs L P(PAGPEUR) | LTD PARTNR INT A | 72651A207 | $71.3M | 3,725,000 | 4.1% |
| TC Energy Corp(TRP) | COM | 87807B107 | $71.3M | 1,295,500 | 4.1% |
| Kinetik Holdings Inc(KNTK) | COM NEW CL A | 02215L209 | $66.5M | 1,843,400 | 3.8% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $63.1M | 324,800 | 3.6% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $60.9M | 1,540,900 | 3.5% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $57.5M | 1,792,500 | 3.3% |
| Pembina Pipeline Corp(PBA) | COM | 706327103 | $51.3M | 1,347,100 | 2.9% |
| Hess Midstream LP(HESM) | CL A SHS | 428103105 | $46.8M | 1,357,200 | 2.7% |
| Talen Energy Corp(TLN) | COM | 87422Q109 | $43.9M | 117,200 | 2.5% |
| Constellation Energy Corp(CEG) | COM | 21037T109 | $41.2M | 116,700 | 2.4% |
| South BOW Corp(SOBO) | COM | 83671M105 | $40.9M | 1,490,500 | 2.3% |
| Vistra Corp(VST) | COM | 92840M102 | $33.7M | 208,700 | 1.9% |
| GE Vernova Inc(GEV) | COM | 36828A101 | $31.3M | 47,850 | 1.8% |
| Enbridge Inc(ENB) | COM | 29250N105 | $28.8M | 601,500 | 1.6% |
| NRG Energy Inc(NRG) | COM NEW | 629377508 | $25.8M | 162,000 | 1.5% |
| Phillips 66(PSX) | COM | 718546104 | $24.6M | 190,900 | 1.4% |
| EQT Corp(EQT) | COM | 26884L109 | $18.5M | 344,258 | 1.1% |
| First Solar Inc(FSLR) | COM | 336433107 | $17.8M | 68,000 | 1.0% |
| Quanta Svcs Inc(PWR) | COM | 74762E102 | $16.5M | 39,000 | 0.9% |
| Primoris Svcs Corp(PRIM) | COM | 74164F103 | $15.8M | 127,000 | 0.9% |
| Mastec Inc(MTZ) | COM | 576323109 | $15.3M | 70,500 | 0.9% |
| Nextpower Inc(NXT) | CLASS A COM | 65290E101 | $14.2M | 163,000 | 0.8% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $13.4M | 82,500 | 0.8% |
| Crowdstrike Hldgs Inc(CRWD) | CL A | 22788C105 | $11.7M | 25,000 | 0.7% |
| Argan Inc(AGX) | COM | 04010E109 | $11.0M | 35,000 | 0.6% |
| Viper Energy Inc(VNOM) | CL A | 64361Q101 | $10.8M | 279,000 | 0.6% |
| Bloom Energy Corp(BE) | COM CL A | 093712107 | $10.0M | 115,000 | 0.6% |
| Palo Alto Networks Inc(PANW) | COM | 697435105 | $8.7M | 47,000 | 0.5% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $7.8M | 460,000 | 0.4% |
| TXO Partners LP(TXO) | COM UNIT | 87313P103 | $6.2M | 581,000 | 0.4% |
| Cloudflare Inc(NET) | CL A COM | 18915M107 | $5.9M | 30,000 | 0.3% |
| Entergy Corp New(ETR) | COM | 29364G103 | $5.8M | 63,000 | 0.3% |
| Iren Limited(IREN) | ORDINARY SHARES | Q4982L109 | $5.8M | 153,000 | 0.3% |
| Antero Midstream Corp(AM) | COM | 03676B102 | $5.6M | 316,000 | 0.3% |
| Digitalocean Hldgs Inc(DOCN) | COM | 25402D102 | $5.6M | 116,000 | 0.3% |
| Digital Rlty TR Inc(DLR) | COM | 253868103 | $5.3M | 34,000 | 0.3% |
| Dycom Inds Inc(DY) | COM | 267475101 | $5.1M | 15,000 | 0.3% |
| Snowflake Inc(SNOW) | COM SHS | 833445109 | $5.0M | 23,000 | 0.3% |
| Microsoft Corp(MSFT) | COM | 594918104 | $4.8M | 10,000 | 0.3% |
| Oracle Corp(ORCL) | COM | 68389X105 | $4.5M | 23,000 | 0.3% |
| Alliance Resource Partners L(ARLP) | UT LTD PART | 01877R108 | $4.4M | 191,000 | 0.3% |
| Nextera Energy Inc(NEE) | COM | 65339F101 | $4.0M | 50,000 | 0.2% |
| Public SVC Enterprise GRP in(PEG) | COM | 744573106 | $3.9M | 49,000 | 0.2% |