Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (54 quarters reported)
$1.33B in Q2 2013 → $2.79B now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Targa Resources Corp | 15.6% | Trimmed 2.7% | 1,606,269 | $434M |
| ET Energy Transfer LP | 10.8% | Trimmed 1.3% | 15,164,014 | $300M |
| Mplx LP | 10.5% | Added 0.0% | 5,212,185 | $294M |
| Western Midstream Partners LP | 8.7% | Trimmed 0.8% | 5,465,979 | $243M |
| WC Williams Cos Inc | 8.7% | Added 17% | 3,557,136 | $242M |
| Cheniere Energy Inc | 8.6% | Added 4.4% | 893,452 | $240M |
| PG Plains Gp Holdings | 7.9% | Trimmed 0.9% | 8,556,202 | $222M |
| EP Enterprise Products Partners L | 5.8% | Trimmed 3.4% | 4,564,870 | $163M |
| O Oneok Inc | 3.0% | New | 973,599 | $83M |
| DM Dt Midstream Inc Common Stock | 2.2% | Added 38% | 522,558 | $62.4M |
| PA Plains All American Pipeline L | 2.2% | Trimmed 0.7% | 2,597,171 | $61.6M |
| Kodiak Gas Services Inc | 1.9% | Added 319% | 1,017,357 | $53.9M |
| Apple Inc | 1.5% | Trimmed 2.7% | 123,810 | $41.2M |
| Phillips 66 | 1.2% | Trimmed 56% | 129,559 | $33.1M |
| Antero Midstream Corp | 0.9% | Trimmed 0.1% | 1,301,708 | $26.2M |
| KH Kinetik Holdings Inc Cl A | 0.9% | Trimmed 2.5% | 495,159 | $24.9M |
| Kinder Morgan Inc | 0.8% | Added 0.6% | 761,066 | $22.9M |
| MM Maingate Mlp Fund Class I | 0.5% | Added 0.3% | 1,260,005 | $14.9M |
| Genesis Energy LP | 0.5% | Trimmed 15% | 1,073,332 | $14.8M |
| Nvidia Corp | 0.5% | Trimmed 3.6% | 61,888 | $14.1M |
| Microsoft Corp | 0.5% | Trimmed 3.2% | 27,493 | $14.1M |
| S Sunoco LP | 0.5% | Trimmed 5.2% | 182,535 | $13.3M |
| OC Oakworth Cap Inc | 0.4% | Added 24% | 275,612 | $11.7M |
| Tc Energy Corp | 0.4% | Added 2474% | 200,849 | $11.6M |
| VC Visa Inc Cl A | 0.4% | Trimmed 0.0% | 28,718 | $10.3M |
| WM Wal Mart Stores Inc | 0.3% | Trimmed 0.9% | 90,415 | $9.4M |
| AC Alphabet Inc Cap Stock Cl A | 0.3% | Added 0.6% | 26,539 | $9.13M |
| K& Kkr & Co Inc Cl A | 0.3% | Trimmed 0.6% | 99,663 | $9.1M |
| Amazon.com Inc | 0.3% | Trimmed 2.0% | 32,106 | $8M |
| SE Space Exploration Technology C | 0.3% | New | 50,351 | $7.6M |
| MC Mastercard Inc Cl A | 0.2% | Trimmed 2.1% | 12,088 | $6.67M |
| MP Meta Platforms Inc Cl A | 0.2% | Trimmed 4.5% | 7,446 | $5.4M |
| Autozone Inc | 0.2% | Trimmed 5.5% | 1,889 | $5.35M |
| AC Alphabet Inc Cap Stock Cl C | 0.2% | Trimmed 11% | 15,639 | $5.33M |
| Johnson & Johnson | 0.2% | Trimmed 5.7% | 16,171 | $4.28M |
| UC Usa Compression Partners LP | 0.2% | Added 6.2% | 172,000 | $4.28M |
| Unitedhealth Group Inc | 0.1% | Trimmed 3.9% | 9,669 | $3.55M |
| AB Atlanta Braves Hldgs Inc Com S | 0.1% | Trimmed 2.9% | 61,055 | $3.54M |
| Coca-cola Co | 0.1% | Trimmed 2.5% | 39,995 | $3.44M |
| Intel Corp | 0.1% | Unchanged | 28,205 | $3.39M |
| Oracle Corp | 0.1% | Trimmed 2.8% | 22,953 | $3.15M |
| SS SPDR S&P 500 ETF Tr | 0.1% | Added 12% | 3,959 | $3.02M |
| PM Philip Morris Intl Inc | 0.1% | Trimmed 2.0% | 14,280 | $2.72M |
| Hancock Whitney Corporation | 0.1% | Unchanged | 33,020 | $2.38M |
| Exxonmobil Holdings | 0.1% | New | 14,357 | $2.34M |
| GA Ge Aerospace Com New | 0.1% | Trimmed 9.6% | 7,203 | $2.25M |
| SE Samsung Electronic Krw | 0.1% | Unchanged | 15,000 | $2.1M |
| BG Blackstone Group Inc Cl A | 0.1% | Added 5.3% | 17,824 | $2M |
| H Hca Inc | 0.1% | Added 1.7% | 4,561 | $1.95M |
| Ge Vernova Inc | 0.1% | Trimmed 9.5% | 1,948 | $1.85M |
| Starbucks Corp | 0.1% | Trimmed 1.1% | 18,487 | $1.74M |
| Chevron Corp | 0.1% | Added 0.8% | 7,225 | $1.48M |
| Procter & Gamble Co | 0.0% | Trimmed 6.2% | 9,094 | $1.32M |
| BB Banco Bilbao Vizcaya Argentari | 0.0% | Unchanged | 46,714 | $1.3M |
| Caterpillar Inc | 0.0% | Unchanged | 1,500 | $1.22M |
| Marathon Petroleum Corp | 0.0% | Unchanged | 3,000 | $1.19M |
| Origin Bancorp Inc | 0.0% | Trimmed 0.5% | 19,948 | $1.04M |
| Target Corp | 0.0% | Trimmed 12% | 5,240 | $821K |
| Costco Wholesale Corp | 0.0% | Trimmed 8.4% | 872 | $794K |
| Sherwin Williams Co | 0.0% | Trimmed 32% | 2,227 | $720K |
Showing top 60 of 95 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 08, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| O Oneok Inc | Exited | −1,900,118 | −$165M | — |
| O Oneok Inc | New | +973,599 | +$83M | 3.0% |
| Phillips 66 | Trimmed | −164,454 | −$42M | 1.2% |
| Kodiak Gas Services Inc | Added | +774,357 | +$41M | 1.9% |
| WC Williams Cos Inc | Added | +528,398 | +$35.9M | 8.7% |
| DM Dt Midstream Inc Common Stock | Added | +143,766 | +$17.2M | 2.2% |
| Targa Resources Corp | Trimmed | −45,180 | −$12.2M | 15.6% |
| Tc Energy Corp | Added | +193,045 | +$11.2M | 0.4% |
| Cheniere Energy Inc | Added | +37,325 | +$10M | 8.6% |
| SE Space Exploration Technology C | New | +50,351 | +$7.6M | 0.3% |
Showing the 10 largest of 76 changes.
quarter ended June 30, 2026 · filed July 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| O Oneok Inc | Trimmed | −447,510 | −$38.9M | 5.9% |
| Targa Resources Corp | Trimmed | −113,309 | −$30.4M | 15.9% |
| Cheniere Energy Inc | Added | +125,529 | +$30M | 7.4% |
| Genesis Energy LP | Trimmed | −1,406,048 | −$19.9M | 0.6% |
| Kodiak Gas Services Inc | New | +243,000 | +$18.3M | 0.7% |
| Phillips 66 | Added | +23,783 | +$4.02M | 1.8% |
| KH Kinetik Holdings Inc Cl A | Trimmed | −82,505 | −$3.99M | 0.9% |
| Western Midstream Partners LP | Trimmed | −69,371 | −$3.04M | 8.7% |
| EP Enterprise Products Partners L | Trimmed | −70,727 | −$2.6M | 6.3% |
| ET Energy Transfer LP | Trimmed | −133,632 | −$2.56M | 10.6% |
Showing the 10 largest of 77 changes.
quarter ended March 31, 2026 · filed April 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| O Oneok Inc | Trimmed | −361,906 | −$32.7M | 7.5% |
| KH Kinetik Holdings Inc Cl A | Trimmed | −547,113 | −$26.5M | 1.0% |
| Phillips 66 | Added | +126,451 | +$23M | 1.7% |
| Targa Resources Corp | Trimmed | −69,359 | −$17.4M | 15.6% |
| DM Dt Midstream Inc Common Stock | Added | +111,342 | +$15M | 1.9% |
| Mplx LP | Trimmed | −207,219 | −$11.8M | 10.5% |
| HM Hess Midstream LP Cl A | Trimmed | −101,089 | −$3.93M | — |
| UC Usa Compression Partners LP | New | +139,000 | +$3.77M | 0.1% |
| PG Plains Gp Holdings | Trimmed | −144,038 | −$3.5M | 7.4% |
| WC Williams Cos Inc | Trimmed | −46,381 | −$3.38M | 7.7% |
Showing the 10 largest of 72 changes.
quarter ended December 31, 2025 · filed January 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Mplx LP | Trimmed | −181,918 | −$9.71M | 11.9% |
| Western Midstream Partners LP | Trimmed | −204,114 | −$8.06M | 9.2% |
| WC Williams Cos Inc | Trimmed | −109,713 | −$6.59M | 7.6% |
| EP Enterprise Products Partners L | Trimmed | −155,574 | −$4.99M | 6.3% |
| ET Energy Transfer LP | Trimmed | −219,141 | −$3.61M | 10.5% |
| Uber Technologies Inc | New | +36,163 | +$2.96M | 0.1% |
| Antero Midstream Corp | Added | +147,250 | +$2.62M | 1.0% |
| Cheniere Energy Inc | Trimmed | −9,868 | −$1.92M | 5.8% |
| Targa Resources Corp | Added | +8,559 | +$1.58M | 13.9% |
| S Salesforce.com Inc | Exited | −6,330 | −$1.5M | — |
Showing the 10 largest of 72 changes.
quarter ended September 30, 2025 · filed October 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| O Oneok Inc | Added | +573,782 | +$41.9M | 8.1% |
| Western Midstream Partners LP | Trimmed | −934,853 | −$36.7M | 9.4% |
| KH Kinetik Holdings Inc Cl A | Added | +428,103 | +$18.3M | 1.9% |
| EP Enterprise Products Partners L | Trimmed | −554,201 | −$17.3M | 6.3% |
| Genesis Energy LP | Trimmed | −705,589 | −$11.8M | 1.9% |
| PG Plains Gp Holdings | Added | +494,259 | +$9.02M | 6.6% |
| WC Williams Cos Inc | Trimmed | −141,552 | −$8.97M | 8.2% |
| Antero Midstream Corp | Trimmed | −445,757 | −$8.67M | 1.0% |
| ET Energy Transfer LP | Trimmed | −443,083 | −$7.6M | 11.0% |
| Cheniere Energy Inc | Trimmed | −25,785 | −$6.06M | 7.0% |
Showing the 10 largest of 58 changes.
quarter ended June 30, 2025 · filed July 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Targa Resources Corp | Added | +57,886 | +$10.1M | 12.7% |
| ET Energy Transfer LP | Added | +502,240 | +$9.11M | 11.6% |
| O Oneok Inc | Added | +55,379 | +$4.52M | 6.9% |
| PA Plains All American Pipeline L | Added | +204,369 | +$3.74M | 1.9% |
| PG Plains Gp Holdings | Added | +167,061 | +$3.25M | 6.4% |
| Genesis Energy LP | Trimmed | −176,918 | −$3.05M | 2.4% |
| Western Midstream Partners LP | Added | +72,459 | +$2.8M | 10.4% |
| EP Enterprise Products Partners L | Added | +81,135 | +$2.52M | 6.8% |
| Unitedhealth Group Inc | Added | +7,140 | +$2.23M | 0.1% |
| WC Williams Cos Inc | Trimmed | −35,153 | −$2.21M | 8.2% |
Showing the 10 largest of 79 changes.
quarter ended March 31, 2025 · filed April 09, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enlink Midstream LLC | Exited | −11,187,059 | −$158M | — |
| WC Williams Cos Inc | Added | +1,301,961 | +$77.8M | 7.7% |
| Cheniere Energy Inc | Added | +228,498 | +$52.9M | 6.8% |
| O Oneok Inc | Added | +82,458 | +$8.18M | 7.9% |
| Targa Resources Corp | Trimmed | −24,415 | −$4.89M | 13.7% |
| Mplx LP | Trimmed | −80,441 | −$4.31M | 11.3% |
| S Sunoco LP | Added | +61,000 | +$3.54M | 0.3% |
| HM Hess Midstream LP Cl A | Added | +78,000 | +$3.3M | 0.1% |
| Genesis Energy LP | Trimmed | −107,117 | −$1.68M | 2.3% |
| ET Energy Transfer LP | Trimmed | −82,063 | −$1.53M | 11.2% |
Showing the 10 largest of 72 changes.
quarter ended December 31, 2024 · filed January 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Targa Resources Corp | Trimmed | −366,761 | −$65.5M | 13.0% |
| PG Plains Gp Holdings | Added | +1,629,008 | +$29.9M | 6.1% |
| PA Plains All American Pipeline L | Trimmed | −1,748,148 | −$29.9M | 1.7% |
| Enlink Midstream LLC | Trimmed | −2,108,528 | −$29.8M | 6.4% |
| O Oneok Inc | Added | +263,545 | +$26.5M | 8.1% |
| ET Energy Transfer LP | Added | +388,073 | +$7.6M | 12.5% |
| Antero Midstream Corp | Trimmed | −274,742 | −$4.15M | 1.1% |
| Kinder Morgan Inc | Trimmed | −145,508 | −$3.99M | 0.9% |
| Western Midstream Partners LP | Added | +99,518 | +$3.82M | 10.5% |
| WC Williams Cos Inc | Trimmed | −61,515 | −$3.33M | 4.5% |
Showing the 10 largest of 71 changes.
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