Q3 2025 Holdings
Filed 2025-10-27 | 77 holdings | $692.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Mplx LP(MPLX) | COM UNIT REP LTD | 55336V100 | $102.5M | 2,051,301 | 14.8% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $82.3M | 4,797,715 | 11.9% |
| Plains All Amern Pipeline L(PAA) | UNIT LTD PARTN | 726503105 | $65.3M | 3,825,658 | 9.4% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $57.7M | 1,467,506 | 8.3% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $57.4M | 1,837,044 | 8.3% |
| Hess Midstream LP(HESM) | CL A SHS | 428103105 | $40.9M | 1,185,220 | 5.9% |
| Williams COS Inc(WMB) | COM | 969457100 | $37.5M | 591,500 | 5.4% |
| TC Energy Corp(TRP) | COM | 87807B107 | $35.3M | 649,000 | 5.1% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $30.8M | 616,542 | 4.5% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $26.5M | 158,424 | 3.8% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $26.1M | 230,999 | 3.8% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $24.2M | 854,638 | 3.5% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $18.5M | 78,585 | 2.7% |
| Oneok Inc New(OKE) | COM | 682680103 | $15.2M | 207,693 | 2.2% |
| Cheniere Energy Partners LP(CQP) | COM UNIT | 16411Q101 | $10.4M | 194,126 | 1.5% |
| Global Partners LP(GLP) | COM UNITS | 37946R109 | $9.4M | 195,234 | 1.4% |
| Genesis Energy L P(GEL) | UNIT LTD PARTN | 371927104 | $5.7M | 343,243 | 0.8% |
| NGL Energy Partners LP(NGL) | COM UNIT REPST | 62913M107 | $5.0M | 832,479 | 0.7% |
| Suburban Propane Partners L(SPH) | UNIT LTD PARTN | 864482104 | $4.0M | 214,864 | 0.6% |
| GE Vernova Inc(GEV) | COM | 36828A101 | $3.7M | 6,000 | 0.5% |
| Enbridge Inc(ENB) | COM | 29250N105 | $3.4M | 67,500 | 0.5% |
| Constellation Energy Corp(CEG) | COM | 21037T109 | $1.8M | 5,500 | 0.3% |
| Westlake Chem Partners LP(WLKP) | COM UNIT RP LP | 960417103 | $1.7M | 80,400 | 0.2% |
| Newmont Corp(NEM) | COM | 651639106 | $1.4M | 17,000 | 0.2% |
| Kinetik Holdings Inc(KNTK) | COM NEW CL A | 02215L209 | $1.2M | 27,502 | 0.2% |
| GE Healthcare Technologies I(GEHC) | COMMON STOCK | 36266G107 | $946.3K | 12,601 | 0.1% |
| Summit Midstream Corporation(SMC) | COM | 86614G101 | $924.3K | 45,000 | 0.1% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $923.9K | 10,300 | 0.1% |
| Crane Company(CR) | COMMON STOCK | 224408104 | $902.3K | 4,900 | 0.1% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $888.7K | 2,500 | 0.1% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $886.3K | 7,861 | 0.1% |
| Veralto Corp(VLTO) | COM SHS | 92338C103 | $831.6K | 7,800 | 0.1% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $810.6K | 4,809 | 0.1% |
| Phinia Inc(PHIN) | COMMON STOCK | 71880K101 | $758.7K | 13,200 | 0.1% |
| Chevron Corp New(CVX) | COM | 166764100 | $652.2K | 4,200 | 0.1% |
| Esab Corporation(ESAB) | COM | 29605J106 | $645.5K | 5,777 | 0.1% |
| Aramark(ARMK) | COM | 03852U106 | $645.1K | 16,800 | 0.1% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $591.0K | 15,068 | 0.1% |
| Parker-Hannifin Corp(PH) | COM | 701094104 | $553.5K | 730 | 0.1% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $541.3K | 8,200 | 0.1% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $537.4K | 16,400 | 0.1% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $536.5K | 7,500 | 0.1% |
| Southern Copper Corp(SCCO) | COM | 84265V105 | $522.3K | 4,304 | 0.1% |
| Knife River Corp(KNF) | COMMON STOCK | 498894104 | $515.2K | 6,702 | 0.1% |
| BHP Group LTD(BHP) | SPONSORED ADS | 088606108 | $501.8K | 9,000 | 0.1% |
| NCR Atleos Corporation(NATL) | COM SHS | 63001N106 | $499.2K | 12,700 | 0.1% |
| Mueller Inds Inc(MLI) | COM | 624756102 | $498.1K | 4,926 | 0.1% |
| Delek Logistics Partners LP(DKL) | COM UNT RP INT | 24664T103 | $480.9K | 10,559 | 0.1% |
| Nutrien LTD(NTR) | COM | 67077M108 | $452.1K | 7,700 | 0.1% |
| Marathon Pete Corp(MPC) | COM | 56585A102 | $441.6K | 2,291 | 0.1% |