Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$12.1B in Q2 2013 → $32.9B 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 |
|---|---|---|---|---|
| Cheniere Energy Partners L P | 18.9% | Unchanged | 102,346,331 | $6.24B |
| SE Space Exploration Techn Corp | 8.1% | New | 15,532,870 | $2.65B |
| SS State Str SPDR S&P 500 ETF T Put | 7.0% | Added 71% | 3,097,700 | $2.31B |
| DR Digital Rlty Tr Inc | 6.7% | New | 12,313,486 | $2.21B |
| CF Corebridge Finl Inc | 5.4% | Unchanged | 61,962,123 | $1.77B |
| Legence Corp | 5.0% | Trimmed 23% | 19,475,952 | $1.66B |
| Firstenergy Corp | 4.2% | Unchanged | 28,832,099 | $1.37B |
| WC Williams Cos Inc | 3.9% | Added 1.6% | 17,340,999 | $1.29B |
| SS State Str SPDR S&P 500 ETF T | 3.9% | Added 1502% | 1,703,368 | $1.27B |
| TR Targa Res Corp | 2.9% | Added 7.8% | 3,601,933 | $966M |
| EP Enterprise Prods Partners L | 2.7% | Added 13% | 23,760,341 | $873M |
| KM Kinder Morgan Inc Del | 2.5% | Added 24% | 26,068,839 | $833M |
| Enbridge Inc | 2.2% | Trimmed 3.3% | 13,639,861 | $739M |
| Mplx LP | 2.2% | Trimmed 16% | 12,956,943 | $730M |
| ET Energy Transfer L P | 2.1% | Added 15% | 35,782,842 | $684M |
| Kinetik Holdings Inc | 1.7% | Unchanged | 11,918,786 | $576M |
| Txnm Energy Inc | 1.4% | Unchanged | 8,000,000 | $454M |
| WM Western Midstream Partners L | 1.4% | Added 18% | 10,367,520 | $454M |
| PA Plains All Amern Pipeline L | 1.4% | Added 7.7% | 20,183,446 | $449M |
| Dt Midstream Inc | 1.1% | Trimmed 7.1% | 2,490,513 | $365M |
| Cheniere Energy Inc | 0.9% | Trimmed 35% | 1,219,848 | $292M |
| Hess Midstream LP | 0.7% | Trimmed 26% | 5,786,130 | $218M |
| Sunococorp LLC | 0.6% | Trimmed 2.1% | 3,008,259 | $204M |
| AC Avalonbay Cmntys Inc | 0.6% | Added 123% | 1,035,426 | $195M |
| Amazon Com Inc | 0.5% | Trimmed 1.6% | 704,177 | $168M |
| Venture Global Inc | 0.5% | Added 7046% | 14,291,170 | $159M |
| BM Blackstone Mortgage Trust In | 0.5% | Unchanged | 9,283,323 | $157M |
| Alphabet Inc | 0.4% | New | 2,745,678 | $140M |
| Microsoft Corp | 0.4% | Added 15% | 368,084 | $137M |
| Alphabet Inc | 0.4% | New | 2,595,678 | $131M |
| Lam Research Corp | 0.3% | Added 8245% | 230,000 | $99.7M |
| SH Sunstone Hotel Invs Inc New | 0.3% | Trimmed 0.8% | 8,580,000 | $98.2M |
| National Fuel Gas Co | 0.3% | Added 111% | 1,235,399 | $95.4M |
| Tc Energy Corp | 0.3% | Trimmed 78% | 1,395,552 | $92.5M |
| CS Cemex Sa Euro Mtn Be 144a | 0.3% | Trimmed 12% | 7,500,000 | $90M |
| IT Ishares Tr | 0.3% | Added 15% | 1,784,433 | $88.1M |
| Vnet Group Inc | 0.3% | Unchanged | 10,402,130 | $83.6M |
| Paysafe Limited | 0.2% | Unchanged | 10,961,114 | $81.9M |
| Forgent Power Solutions Inc | 0.2% | Added 138% | 1,370,000 | $76.5M |
| BS Blackstone Secd Lending Fd | 0.2% | Unchanged | 3,206,530 | $76M |
| WF Webster Finl Corp | 0.2% | Trimmed 8.4% | 982,246 | $75.1M |
| Bumble Inc | 0.2% | Trimmed 25% | 22,432,496 | $71.8M |
| CO Capital One Finl Corp | 0.2% | Added 26% | 355,000 | $71.2M |
| AM Applied Matls Inc | 0.2% | Trimmed 62% | 94,247 | $68.1M |
| Coreweave Inc | 0.2% | New | 675,000 | $67.2M |
| Antero Midstream Corp | 0.2% | Trimmed 7.1% | 2,612,875 | $59.4M |
| SL Sunoco Lp/sunoco Fin Corp | 0.2% | Trimmed 4.4% | 854,595 | $57.7M |
| Vertiv Holdings Co | 0.2% | Trimmed 13% | 165,000 | $55.2M |
| NE Nvent Elec PLC | 0.2% | Trimmed 53% | 305,000 | $51.7M |
| Electronic Arts Inc | 0.2% | Trimmed 9.3% | 247,999 | $50.8M |
| AP Arko Pete Corp | 0.2% | Unchanged | 2,649,074 | $49.9M |
| Cerebras Systems Inc | 0.1% | New | 220,000 | $48.6M |
| Grab Holdings Limited | 0.1% | Trimmed 15% | 12,800,000 | $48.3M |
| Taskus Inc | 0.1% | Unchanged | 10,094,674 | $47.2M |
| PG Plains Gp Hldgs L P | 0.1% | Trimmed 4.0% | 1,900,132 | $46.1M |
| CC Crescent Cap Bdc Inc | 0.1% | Trimmed 0.0% | 4,205,306 | $45.9M |
| Pembina Pipeline Corp | 0.1% | Trimmed 7.3% | 883,068 | $40.8M |
| Visa Inc | 0.1% | Trimmed 28% | 118,345 | $40.6M |
| Talen Energy Corp | 0.1% | Trimmed 11% | 104,998 | $40.3M |
| IT Ishares Tr | 0.1% | Trimmed 80% | 115,469 | $34.7M |
Showing top 60 of 518 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 |
|---|---|---|---|---|
| SE Space Exploration Techn Corp | New | +15,532,870 | +$2.65B | 8.1% |
| DR Digital Rlty Tr Inc | New | +12,313,486 | +$2.21B | 6.7% |
| SS State Str SPDR S&P 500 ETF T | Added | +1,597,040 | +$1.19B | 3.9% |
| SS State Str SPDR S&P 500 ETF T | Added | +1,287,700 | +$962M | 7.0% |
| Legence Corp | Trimmed | −5,865,413 | −$500M | 5.0% |
| Tc Energy Corp | Trimmed | −5,019,745 | −$333M | 0.3% |
| Oneok Inc New | Trimmed | −3,046,960 | −$265M | 0.1% |
| IQ Invesco Qqq Tr | Exited | −369,000 | −$213M | — |
| KM Kinder Morgan Inc Del | Added | +5,097,653 | +$163M | 2.5% |
| Cheniere Energy Inc | Trimmed | −661,404 | −$158M | 0.9% |
Showing the 10 largest of 656 changes.
quarter ended March 31, 2026 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Eqt Corp | Trimmed | −17,677,042 | −$1.12B | 0.2% |
| Cheniere Energy Inc | Trimmed | −2,008,676 | −$570M | 2.1% |
| SS State Str SPDR S&P 500 ETF T | Trimmed | −739,300 | −$481M | 4.6% |
| IT Ishares Tr | Exited | −1,800,000 | −$443M | — |
| Tc Energy Corp | Added | +4,163,313 | +$261M | 1.6% |
| Loar Holdings Inc | Exited | −3,548,506 | −$241M | — |
| Patterson-uti Energy Inc | Trimmed | −20,922,122 | −$227M | 0.3% |
| Viper Energy Inc | Trimmed | −4,500,000 | −$211M | 0.1% |
| Hess Midstream LP | Added | +4,122,450 | +$160M | 1.2% |
| PA Plains All Amern Pipeline L | Added | +5,448,226 | +$122M | 1.6% |
Showing the 10 largest of 458 changes.
quarter ended December 31, 2025 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IT Ishares Tr | New | +1,800,000 | +$443M | 1.7% |
| IQ Invesco Qqq Tr | New | +500,000 | +$307M | 1.2% |
| Loar Holdings Inc | Trimmed | −3,291,793 | −$224M | 0.9% |
| Talen Energy Corp | Exited | −497,710 | −$212M | — |
| ET Energy Transfer L P | Trimmed | −12,765,069 | −$210M | 1.7% |
| SS SPDR S&P 500 ETF Tr | Added | +249,300 | +$170M | 6.8% |
| Legence Corp | Trimmed | −3,201,370 | −$138M | 4.4% |
| WC Williams Cos Inc | Trimmed | −1,962,502 | −$118M | 4.2% |
| Viper Energy Inc | Added | +3,000,000 | +$116M | 0.8% |
| Microsoft Corp | Added | +206,694 | +$100M | 0.4% |
Showing the 10 largest of 303 changes.
quarter ended September 30, 2025 · filed August 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Eqt Corp | Added | +18,278,029 | +$995M | 4.0% |
| Legence Corp | New | +29,022,940 | +$894M | 3.6% |
| SS SPDR S&P 500 ETF Tr | Added | +1,000,000 | +$666M | 6.1% |
| Coreweave Inc | Trimmed | −3,742,669 | −$512M | 0.1% |
| IT Ishares Tr | Exited | −4,000,000 | −$323M | — |
| Cheniere Energy Inc | Added | +1,083,050 | +$254M | 3.2% |
| Oneok Inc New | Added | +3,204,767 | +$234M | 1.0% |
| Talen Energy Corp | Trimmed | −413,231 | −$176M | 0.8% |
| Dt Midstream Inc | Trimmed | −1,398,985 | −$158M | 1.0% |
| Mplx LP | Trimmed | −2,925,721 | −$146M | 2.8% |
Showing the 10 largest of 229 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Expand Energy Corporation | Trimmed | −5,705,571 | −$667M | — |
| Txnm Energy Inc | New | +8,000,000 | +$451M | 1.9% |
| Loar Holdings Inc | Trimmed | −4,792,557 | −$413M | 2.8% |
| Coreweave Inc | Trimmed | −2,500,000 | −$408M | 2.7% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −650,000 | −$402M | 3.4% |
| KM Kinder Morgan Inc Del | Added | +10,094,720 | +$297M | 2.7% |
| Talen Energy Corp | Added | +864,485 | +$251M | 1.1% |
| TR Targa Res Corp | Trimmed | −1,231,551 | −$214M | 2.7% |
| Enbridge Inc | Added | +4,661,345 | +$211M | 2.8% |
| Tc Energy Corp | Trimmed | −3,593,430 | −$175M | 0.7% |
Showing the 10 largest of 147 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SS SPDR S&P 500 ETF Tr | Added | +1,050,000 | +$587M | 4.5% |
| Expand Energy Corporation | Trimmed | −4,611,757 | −$513M | 2.6% |
| Coreweave Inc | New | +6,396,616 | +$237M | 1.0% |
| FI First Indl Rlty Tr Inc | Exited | −3,980,640 | −$200M | — |
| KM Kinder Morgan Inc Del | Added | +6,988,375 | +$199M | 1.3% |
| WM Western Midstream Partners L | Trimmed | −4,851,718 | −$199M | 1.8% |
| Hess Midstream LP | Added | +4,301,107 | +$182M | 1.1% |
| Enbridge Inc | Added | +3,920,016 | +$174M | 1.8% |
| Dt Midstream Inc | Added | +1,604,973 | +$155M | 1.3% |
| Nextera Energy Inc | Trimmed | −2,166,562 | −$154M | 0.3% |
Showing the 10 largest of 148 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| ET Energy Transfer L P | Trimmed | −77,286,910 | −$1.51B | 4.8% |
| Cheniere Energy Inc | Trimmed | −2,283,673 | −$491M | 2.2% |
| GI Gates Indl Corp PLC | Exited | −21,337,654 | −$374M | — |
| WC Williams Cos Inc | Added | +5,068,738 | +$274M | 4.7% |
| PA Plains All Amern Pipeline L | Trimmed | −15,756,944 | −$269M | 1.1% |
| Expand Energy Corporation | Trimmed | −2,366,909 | −$236M | 4.7% |
| TR Targa Res Corp | Trimmed | −1,319,105 | −$235M | 3.8% |
| IQ Invesco Qqq Tr | Trimmed | −450,000 | −$230M | 0.7% |
| Enbridge Inc | Added | +4,956,379 | +$210M | 1.1% |
| Tc Energy Corp | Added | +3,482,874 | +$162M | 1.6% |
Showing the 10 largest of 138 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Loar Holdings Inc | Added | +11,577,897 | +$864M | 4.2% |
| PG&E Corp | Trimmed | −37,437,549 | −$740M | 0.3% |
| SS SPDR S&P 500 ETF Tr | Trimmed | −1,150,000 | −$660M | 1.6% |
| GI Gates Indl Corp PLC | Trimmed | −30,539,203 | −$536M | 1.6% |
| FO Finance Of America Compan | Trimmed | −28,730,568 | −$332M | 0.2% |
| MA Mid-amer Apt Cmntys Inc | Exited | −2,063,861 | −$294M | — |
| TR Targa Res Corp | Trimmed | −1,681,345 | −$249M | 3.9% |
| ET Energy Transfer L P | Trimmed | −13,854,012 | −$222M | 9.2% |
| Tc Energy Corp | Added | +3,473,312 | +$165M | 0.9% |
| EP Enterprise Prods Partners L | Trimmed | −5,367,712 | −$156M | 2.2% |
Showing the 10 largest of 131 changes.
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