Q4 2025 Holdings
Filed 2026-01-27 | 80 holdings | $716.2M | 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 | $109.5M | 2,051,301 | 15.3% |
| Energy Transfer L P(ET) | COM UT LTD PTN | 29273V100 | $79.1M | 4,797,715 | 11.0% |
| Plains All Amern Pipeline L(PAA) | UNIT LTD PARTN | 726503105 | $65.1M | 3,625,784 | 9.1% |
| Western Midstream Partners L(WES) | COM UNIT LP INT | 958669103 | $62.3M | 1,577,806 | 8.7% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $58.9M | 1,837,044 | 8.2% |
| Williams COS Inc(WMB) | COM | 969457100 | $48.9M | 814,000 | 6.8% |
| Hess Midstream LP(HESM) | CL A SHS | 428103105 | $40.9M | 1,185,220 | 5.7% |
| TC Energy Corp(TRP) | COM | 87807B107 | $35.7M | 649,000 | 5.0% |
| Sunoco LP Co FIN Corp(SUN) | COM UT REP LP | 86765K109 | $32.3M | 616,542 | 4.5% |
| Targa RES Corp(TRGP) | COM | 87612G101 | $29.2M | 158,424 | 4.1% |
| DT Midstream Inc(DTM) | COMMON STOCK | 23345M107 | $27.6M | 230,999 | 3.9% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $23.5M | 854,638 | 3.3% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $15.3M | 78,585 | 2.1% |
| Oneok Inc New(OKE) | COM | 682680103 | $11.5M | 156,630 | 1.6% |
| Cheniere Energy Partners LP(CQP) | COM UNIT | 16411Q101 | $10.4M | 194,126 | 1.4% |
| NGL Energy Partners LP(NGL) | COM UNIT REPST | 62913M107 | $8.3M | 832,479 | 1.2% |
| Global Partners LP(GLP) | COM UNITS | 37946R109 | $8.2M | 195,234 | 1.1% |
| Genesis Energy L P(GEL) | UNIT LTD PARTN | 371927104 | $5.4M | 343,243 | 0.7% |
| Suburban Propane Partners L(SPH) | UNIT LTD PARTN | 864482104 | $4.0M | 214,864 | 0.6% |
| Enbridge Inc(ENB) | COM | 29250N105 | $3.2M | 67,500 | 0.5% |
| GE Vernova Inc(GEV) | COM | 36828A101 | $2.6M | 3,949 | 0.4% |
| Newmont Corp(NEM) | COM | 651639106 | $1.7M | 17,000 | 0.2% |
| Westlake Chem Partners LP(WLKP) | COM UNIT RP LP | 960417103 | $1.5M | 80,400 | 0.2% |
| Constellation Energy Corp(CEG) | COM | 21037T109 | $1.4M | 3,985 | 0.2% |
| Solstice Advanced Matls Inc(SOLS) | COM SHS | 83443Q103 | $1.2M | 25,100 | 0.2% |
| Summit Midstream Corporation(SMC) | COM | 86614G101 | $1.2M | 45,000 | 0.2% |
| Sandisk Corp(SNDK) | COM | 80004C200 | $1.0M | 4,400 | 0.1% |
| GE Healthcare Technologies I(GEHC) | COMMON STOCK | 36266G107 | $1.0M | 12,601 | 0.1% |
| Kinetik Holdings Inc(KNTK) | COM NEW CL A | 02215L209 | $991.4K | 27,502 | 0.1% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $990.8K | 2,500 | 0.1% |
| Qnity Electronics Inc(Q) | COMMON STOCK | 74743L100 | $979.8K | 12,000 | 0.1% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $946.0K | 7,861 | 0.1% |
| Phinia Inc(PHIN) | COMMON STOCK | 71880K101 | $934.1K | 14,900 | 0.1% |
| Crane Company(CR) | COMMON STOCK | 224408104 | $903.7K | 4,900 | 0.1% |
| Veralto Corp(VLTO) | COM SHS | 92338C103 | $878.1K | 8,800 | 0.1% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $815.3K | 4,809 | 0.1% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $796.6K | 10,300 | 0.1% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $765.3K | 15,068 | 0.1% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $714.2K | 16,400 | 0.1% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $656.2K | 8,200 | 0.1% |
| Esab Corporation(ESAB) | COM | 29605J106 | $645.4K | 5,777 | 0.1% |
| Parker-Hannifin Corp(PH) | COM | 701094104 | $641.6K | 730 | 0.1% |
| Chevron Corp New(CVX) | COM | 166764100 | $640.1K | 4,200 | 0.1% |
| Southern Copper Corp(SCCO) | COM | 84265V105 | $622.7K | 4,340 | 0.1% |
| Mueller Inds Inc(MLI) | COM | 624756102 | $565.5K | 4,926 | 0.1% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $551.1K | 7,500 | 0.1% |
| BHP Group LTD(BHP) | SPONSORED ADS | 088606108 | $543.3K | 9,000 | 0.1% |
| NCR Atleos Corporation(NATL) | COM SHS | 63001N106 | $484.0K | 12,700 | 0.1% |
| Nutrien LTD(NTR) | COM | 67077M108 | $475.2K | 7,700 | 0.1% |
| Delek Logistics Partners LP(DKL) | COM UNT RP INT | 24664T103 | $471.1K | 10,559 | 0.1% |