Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (23 quarters reported)
$192M in Q4 2020 → $1.74B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| National Fuel Gas Co | 3.2% | Added 0.1% | 721,306 | $55.7M |
| Ameren Corp | 2.5% | Added 25% | 390,136 | $44.1M |
| Alliant Energy Corp | 2.3% | Added 44% | 524,461 | $40M |
| EN Entergy Corp New | 2.2% | Trimmed 51% | 337,203 | $38.7M |
| Nextpower Inc | 2.1% | Added 35% | 311,119 | $37.1M |
| Bkv Corp | 2.1% | Added 80% | 1,343,790 | $36.8M |
| Nrg Energy Inc | 2.0% | Trimmed 5.1% | 241,067 | $35.2M |
| Atmos Energy Corp | 2.0% | Trimmed 18% | 202,896 | $35M |
| Sterling Infrastructure Inc | 2.0% | Added 271% | 41,601 | $34.9M |
| United Rentals Inc | 1.9% | New | 29,792 | $33.8M |
| TS Tenaris S A | 1.8% | Added 541% | 559,941 | $31.1M |
| OP Occidental Pete Corp | 1.7% | Added 149% | 618,040 | $30M |
| JC Johnson Controls Internation | 1.7% | New | 203,638 | $29.8M |
| NE Nvent Elec PLC | 1.7% | Added 335% | 173,329 | $29.4M |
| Solv Energy Inc | 1.7% | Added 73% | 853,960 | $29.1M |
| DE Duke Energy Corp New | 1.5% | Added 23% | 206,487 | $26.1M |
| Consolidated Edison Inc | 1.4% | New | 212,868 | $23.5M |
| Csx Corp | 1.3% | Added 284% | 494,021 | $23.5M |
| Centerpoint Energy Inc | 1.3% | Trimmed 51% | 533,103 | $23.5M |
| Ge Vernova Inc | 1.3% | Trimmed 60% | 19,062 | $22.4M |
| CR Cnx Res Corp | 1.3% | Trimmed 43% | 648,728 | $22M |
| SG Southwest Gas Hldgs Inc | 1.3% | Added 328% | 247,816 | $22M |
| Ati Inc | 1.3% | Trimmed 40% | 110,892 | $21.9M |
| Apa Corporation | 1.2% | Trimmed 37% | 625,779 | $20.4M |
| PH Propetro Hldg Corp | 1.2% | Added 177% | 1,421,075 | $20.4M |
| Nisource Inc | 1.2% | Added 93% | 421,928 | $20.1M |
| Southern Co | 1.1% | Trimmed 35% | 206,880 | $19.8M |
| Xcel Energy Inc | 1.1% | Trimmed 7.8% | 236,603 | $19M |
| Innio Nv | 1.1% | New | 480,044 | $19M |
| Ppl Corp | 1.1% | Trimmed 48% | 515,380 | $18.7M |
| Woodward Inc | 1.0% | Trimmed 59% | 42,053 | $17.9M |
| Carrier Global Corporation | 1.0% | New | 237,818 | $17.4M |
| AE American Elec Pwr Co Inc | 1.0% | Trimmed 46% | 125,923 | $17.2M |
| Applied Aerospace & Defense | 1.0% | New | 727,863 | $16.6M |
| Caterpillar Inc | 0.9% | Trimmed 46% | 15,150 | $16.1M |
| Permian Resources Corp | 0.9% | Trimmed 21% | 864,926 | $15.9M |
| PS Public Svc Enterprise Group | 0.9% | Trimmed 51% | 183,252 | $14.9M |
| Phillips 66 | 0.8% | Added 5.8% | 86,188 | $14.6M |
| TR Targa Res Corp | 0.8% | Trimmed 54% | 54,034 | $14.5M |
| Vistra Corp | 0.8% | Added 177% | 90,749 | $14.4M |
| Ovintiv Inc | 0.8% | Trimmed 45% | 270,050 | $14.2M |
| Sempra | 0.8% | Trimmed 48% | 152,717 | $14.2M |
| Tc Energy Corp | 0.8% | Added 170% | 210,971 | $14M |
| Talen Energy Corp | 0.8% | Added 14% | 36,156 | $13.9M |
| MM Modine Mfg Co | 0.8% | Trimmed 62% | 52,021 | $13.9M |
| Carpenter Technology Corp | 0.8% | New | 22,319 | $13.8M |
| Fervo Energy Co | 0.8% | New | 463,792 | $13.6M |
| AI Almonty Inds Inc | 0.8% | Added 492% | 818,543 | $13.6M |
| Pbf Energy Inc | 0.8% | Added 43% | 294,865 | $13.4M |
| KG Kodiak Gas Svcs Inc | 0.7% | Trimmed 32% | 171,727 | $12.9M |
| Ftai Aviation Ltd | 0.7% | Trimmed 39% | 45,285 | $12.3M |
| Constellation Energy Corp | 0.7% | New | 48,648 | $12.1M |
| Chevron Corporation | 0.7% | Trimmed 27% | 70,218 | $11.6M |
| Antero Resources Corp | 0.6% | Trimmed 33% | 308,300 | $10.8M |
| LI Lennox Intl Inc | 0.6% | Trimmed 59% | 18,711 | $10.7M |
| PG&E Corp | 0.6% | Trimmed 23% | 635,800 | $10.7M |
| ES Ecopetrol S A | 0.6% | Added 62% | 747,141 | $10.6M |
| Dte Energy Co | 0.6% | Trimmed 51% | 68,592 | $10.5M |
| Eversource Energy | 0.6% | Trimmed 52% | 142,457 | $10.3M |
| HN Hexcel Corp New | 0.6% | New | 102,624 | $10.3M |
Showing top 60 of 155 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EN Entergy Corp New | Trimmed | −355,330 | −$40.8M | 2.2% |
| United Rentals Inc | New | +29,792 | +$33.8M | 1.9% |
| Ge Vernova Inc | Trimmed | −28,345 | −$33.3M | 1.3% |
| JC Johnson Controls Internation | New | +203,638 | +$29.8M | 1.7% |
| TS Tenaris S A | Added | +472,574 | +$26.2M | 1.8% |
| Woodward Inc | Trimmed | −60,503 | −$25.7M | 1.0% |
| Sterling Infrastructure Inc | Added | +30,394 | +$25.5M | 2.0% |
| Centerpoint Energy Inc | Trimmed | −559,289 | −$24.6M | 1.3% |
| Consolidated Edison Inc | New | +212,868 | +$23.5M | 1.4% |
| MM Modine Mfg Co | Trimmed | −86,083 | −$23M | 0.8% |
Showing the 10 largest of 212 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SL Slb Limited | Trimmed | −1,170,239 | −$60.1M | 1.0% |
| MM Modine Mfg Co | Trimmed | −264,274 | −$57.3M | 1.4% |
| Antero Resources Corp | Trimmed | −1,252,085 | −$53.1M | 0.9% |
| CR Cnx Res Corp | Added | +1,087,715 | +$41.9M | 2.1% |
| Apa Corporation | New | +985,558 | +$41.8M | 2.0% |
| Ameren Corp | Trimmed | −354,819 | −$39M | 1.6% |
| Eversource Energy | Trimmed | −555,271 | −$38.5M | 1.0% |
| Ge Vernova Inc | Added | +42,554 | +$37.1M | 2.0% |
| National Fuel Gas Co | Trimmed | −369,999 | −$34.8M | 3.2% |
| ON Oneok Inc New | Trimmed | −380,348 | −$34.4M | 1.0% |
Showing the 10 largest of 184 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ameren Corp | New | +666,389 | +$66.5M | 3.8% |
| SL Slb Limited | New | +1,566,200 | +$60.1M | 3.5% |
| AE American Elec Pwr Co Inc | New | +491,288 | +$56.7M | 3.3% |
| Halliburton Co | Trimmed | −1,909,076 | −$54M | 0.5% |
| MM Modine Mfg Co | New | +402,378 | +$53.7M | 3.1% |
| National Fuel Gas Co | Added | +651,238 | +$52.1M | 5.0% |
| Antero Resources Corp | Added | +1,451,091 | +$50M | 3.4% |
| Xcel Energy Inc | Trimmed | −620,376 | −$45.8M | 1.0% |
| Shell PLC | Trimmed | −549,455 | −$40.4M | 0.7% |
| Transalta Corp | Exited | −2,829,643 | −$38.6M | — |
Showing the 10 largest of 177 changes.
quarter ended September 30, 2025 · filed November 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Ppl Corp | Trimmed | −2,200,000 | −$81.8M | 0.5% |
| Dt Midstream Inc | Trimmed | −587,116 | −$66.4M | 0.6% |
| Baker Hughes Company | Trimmed | −1,247,275 | −$60.8M | 1.1% |
| Eversource Energy | Added | +783,768 | +$55.8M | 4.5% |
| Halliburton Co | New | +2,199,061 | +$54.1M | 2.5% |
| DE Duke Energy Corp New | Trimmed | −388,341 | −$48.1M | 0.6% |
| Centerpoint Energy Inc | Trimmed | −1,200,000 | −$46.6M | 2.1% |
| CN Chevron Corp New | New | +297,550 | +$46.2M | 2.1% |
| OP Occidental Pete Corp | New | +838,362 | +$39.6M | 1.8% |
| Transalta Corp | New | +2,829,643 | +$38.6M | 1.8% |
Showing the 10 largest of 134 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Centerpoint Energy Inc | New | +2,358,206 | +$86.6M | 3.8% |
| Talen Energy Corp | Trimmed | −198,242 | −$57.6M | 0.7% |
| DE Duke Energy Corp New | New | +488,341 | +$57.6M | 2.5% |
| Southern Co | Added | +571,073 | +$52.4M | 2.8% |
| Consolidated Edison Inc | Exited | −464,156 | −$51.3M | — |
| Baker Hughes Company | Added | +1,212,833 | +$46.5M | 2.9% |
| Eqt Corp | Added | +772,830 | +$45.1M | 2.2% |
| National Fuel Gas Co | Added | +495,429 | +$42M | 2.4% |
| Phillips 66 | New | +271,503 | +$32.4M | 1.4% |
| Ge Vernova Inc | Exited | −100,489 | −$30.7M | — |
Showing the 10 largest of 112 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| DE Devon Energy Corp New | New | +1,687,258 | +$63.1M | 3.1% |
| Nrg Energy Inc | New | +623,441 | +$59.5M | 2.9% |
| Gulfport Energy Corp | Trimmed | −275,000 | −$50.6M | 0.9% |
| Talen Energy Corp | New | +249,731 | +$49.9M | 2.5% |
| Consolidated Edison Inc | Added | +414,156 | +$45.8M | 2.5% |
| Tc Energy Corp | Trimmed | −848,122 | −$40M | 0.5% |
| Diamondback Energy Inc | Trimmed | −249,854 | −$39.9M | 0.4% |
| Atmos Energy Corp | New | +243,320 | +$37.6M | 1.9% |
| EU Essential Utils Inc | New | +942,298 | +$37.2M | 1.8% |
| New Fortress Energy Inc | Exited | −2,295,000 | −$34.7M | — |
Showing the 10 largest of 124 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EN Entergy Corp New | New | +1,274,921 | +$96.7M | 5.0% |
| Dt Midstream Inc | New | +676,017 | +$67.2M | 3.4% |
| Talen Energy Corp | Exited | −300,882 | −$53.6M | — |
| Eversource Energy | Trimmed | −784,913 | −$45.1M | 0.2% |
| Diamondback Energy Inc | Trimmed | −263,011 | −$43.1M | 2.5% |
| Evergy Inc | New | +651,219 | +$40.1M | 2.1% |
| Cheniere Energy Inc | Added | +182,750 | +$39.3M | 2.1% |
| Xcel Energy Inc | New | +569,515 | +$38.5M | 2.0% |
| Dte Energy Co | Added | +308,928 | +$37.3M | 2.5% |
| New Fortress Energy Inc | New | +2,295,000 | +$34.7M | 1.8% |
Showing the 10 largest of 118 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Consolidated Edison Inc | Trimmed | −602,436 | −$62.7M | 0.9% |
| Eversource Energy | New | +849,380 | +$57.8M | 3.4% |
| Phillips 66 | Added | +427,123 | +$56.1M | 3.7% |
| Talen Energy Corp | New | +300,882 | +$53.6M | 3.2% |
| Golar Lng Ltd | Added | +1,400,950 | +$51.5M | 3.2% |
| Tc Energy Corp | Added | +1,020,056 | +$48.5M | 5.0% |
| Enlink Midstream LLC | Trimmed | −3,109,147 | −$45.1M | 0.5% |
| Bkv Corp | New | +2,437,564 | +$44.6M | 2.6% |
| Ppl Corp | Added | +1,342,842 | +$44.4M | 4.1% |
| Shell PLC | New | +617,925 | +$40.8M | 2.4% |
Showing the 10 largest of 104 changes.
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