Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$2.65B in Q2 2013 → $3.02B 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 |
|---|---|---|---|---|
| Apple Inc | 10.2% | Added 0.1% | 1,069,203 | $309M |
| TR Targa Res Corp | 4.5% | Trimmed 6.4% | 506,239 | $136M |
| ET Energy Transfer L P | 4.0% | Trimmed 1.3% | 6,377,126 | $122M |
| EP Enterprise Prods Partners L | 4.0% | Trimmed 1.2% | 3,285,266 | $121M |
| Mplx LP | 3.3% | Trimmed 0.6% | 1,793,816 | $101M |
| Dt Midstream Inc | 3.0% | Added 0.1% | 625,921 | $91.8M |
| Nvidia Corporation | 2.5% | Added 3.4% | 379,255 | $75.9M |
| WC Williams Cos Inc | 2.4% | Added 0.1% | 991,938 | $73.7M |
| KG Kodiak Gas Svcs Inc | 2.2% | Trimmed 5.2% | 882,370 | $66.3M |
| Alphabet Inc | 2.1% | Added 0.2% | 176,279 | $63M |
| Microsoft Corp | 2.0% | Added 0.8% | 164,259 | $61.3M |
| Alphabet Inc | 1.9% | Trimmed 0.3% | 165,526 | $58.5M |
| Amazon Com Inc | 1.9% | Trimmed 0.1% | 235,178 | $56.1M |
| Jpmorgan Chase & Co | 1.8% | Trimmed 0.0% | 170,365 | $55.8M |
| Cheniere Energy Inc | 1.7% | Trimmed 3.1% | 215,880 | $51.6M |
| PA Plains All Amern Pipeline L | 1.6% | Trimmed 2.9% | 2,200,185 | $49M |
| KM Kinder Morgan Inc Del | 1.5% | Added 0.8% | 1,451,129 | $46.4M |
| WM Western Midstream Partners L | 1.5% | Trimmed 2.1% | 1,041,420 | $45.6M |
| Antero Midstream Corp | 1.4% | Added 0.6% | 1,802,543 | $41M |
| ON Oneok Inc New | 1.3% | Added 1.7% | 445,003 | $38.7M |
| IE Invesco Exch Traded Fd Tr Ii | 1.2% | Added 0.9% | 335,503 | $37.6M |
| Trane Technologies PLC | 1.2% | Added 0.2% | 73,845 | $36.3M |
| Ge Vernova Inc | 1.2% | Trimmed 0.7% | 29,657 | $34.8M |
| Caterpillar Inc | 1.1% | Trimmed 0.0% | 31,587 | $33.6M |
| Hess Midstream LP | 1.1% | Added 0.1% | 858,576 | $32.3M |
| Palo Alto Networks Inc | 1.0% | Trimmed 6.1% | 92,423 | $31.5M |
| PM Philip Morris Intl Inc | 1.0% | Added 0.0% | 168,828 | $30.5M |
| IQ Invesco Qqq Tr | 1.0% | Trimmed 3.2% | 40,335 | $29.7M |
| Curtiss Wright Corp | 0.9% | Added 0.2% | 36,196 | $27.4M |
| TS Taiwan Semiconductor Manufac | 0.9% | Trimmed 1.6% | 53,856 | $25.7M |
| Johnson & Johnson | 0.7% | Added 0.2% | 89,170 | $22.6M |
| PF Pnc Finl Svcs Group Inc | 0.7% | Trimmed 0.5% | 91,589 | $22.6M |
| Broadcom Inc | 0.7% | Added 0.8% | 59,226 | $22.4M |
| Nextera Energy Inc | 0.7% | Trimmed 0.1% | 253,798 | $22.3M |
| Visa Inc | 0.7% | Trimmed 0.4% | 63,304 | $21.7M |
| EL Eli Lilly & Co | 0.7% | New | 17,945 | $21.5M |
| American Express Co | 0.7% | Added 0.4% | 63,348 | $21.4M |
| Boeing Co | 0.7% | Trimmed 0.8% | 95,447 | $20.7M |
| NG Nebius Group N.v. | 0.7% | Added 1.5% | 74,750 | $20.6M |
| Home Depot Inc | 0.7% | Trimmed 1.8% | 57,281 | $20.2M |
| Abbvie Inc | 0.7% | Trimmed 0.5% | 79,227 | $19.9M |
| Mastercard Incorporated | 0.6% | Added 0.3% | 37,228 | $19.1M |
| Exxon Mobil Corp | 0.6% | Trimmed 3.2% | 139,334 | $19M |
| Kinetik Holdings Inc | 0.6% | Added 0.1% | 386,670 | $18.7M |
| Merck & Co Inc | 0.6% | Added 0.9% | 138,101 | $17.7M |
| Unitedhealth Group Inc | 0.6% | Trimmed 2.5% | 41,651 | $17.3M |
| Freeport Mcmoran Inc | 0.6% | Trimmed 0.3% | 270,122 | $17M |
| Goldman Sachs Group Inc | 0.5% | Added 1.8% | 16,082 | $16.3M |
| Blackrock Inc | 0.5% | Added 0.2% | 16,622 | $16M |
| Tower Semiconductor Ltd | 0.5% | Unchanged | 60,323 | $15.7M |
| Meta Platforms Inc | 0.5% | Trimmed 0.7% | 27,676 | $15.6M |
| EL Eaglerock Ld LLC | 0.5% | New | 700,000 | $14.9M |
| Linde PLC | 0.5% | Added 0.6% | 27,498 | $14.3M |
| BH Berkshire Hathaway Inc Del | 0.4% | Trimmed 0.6% | 27,125 | $13.6M |
| PG Plains Gp Hldgs L P | 0.4% | Trimmed 0.4% | 554,560 | $13.5M |
| Orix Corp | 0.4% | Added 3.8% | 348,148 | $13.2M |
| ES Elbit Sys Ltd | 0.4% | Unchanged | 17,101 | $13M |
| Booking Holdings Inc | 0.4% | Added 2335% | 71,513 | $12.7M |
| AH Asml Hldg Nv | 0.4% | Added 0.3% | 6,243 | $12.4M |
| Nova Ltd | 0.4% | Unchanged | 20,900 | $11.3M |
Showing top 60 of 277 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed July 30, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EL Eli Lilly & Co | New | +17,945 | +$21.5M | 0.7% |
| HI Honeywell Intl Inc | Exited | −78,251 | −$17.7M | — |
| EL Eaglerock Ld LLC | New | +700,000 | +$14.9M | 0.5% |
| Thermo Fisher Scientific Inc | Exited | −27,937 | −$13.7M | — |
| Booking Holdings Inc | Added | +68,576 | +$12.2M | 0.4% |
| Vertiv Holdings Co | New | +31,487 | +$10.5M | 0.3% |
| Chevron Corporation | Trimmed | −59,024 | −$9.78M | 0.2% |
| Technipfmc PLC | New | +142,310 | +$9.44M | 0.3% |
| TR Targa Res Corp | Trimmed | −34,334 | −$9.21M | 4.5% |
| HI Honeywell Intl Inc | New | +39,252 | +$8.79M | 0.3% |
Showing the 10 largest of 238 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Hess Midstream LP | Trimmed | −815,215 | −$31.7M | 1.2% |
| Antero Midstream Corp | Added | +1,338,260 | +$30.5M | 1.5% |
| PA Plains All Amern Pipeline L | Trimmed | −1,365,270 | −$30.5M | 1.8% |
| Cheniere Energy Inc | Trimmed | −103,375 | −$29.3M | 2.3% |
| IT Ishares Tr | Trimmed | −330,530 | −$27.3M | 0.1% |
| WC Williams Cos Inc | Added | +271,215 | +$19.7M | 2.6% |
| Dt Midstream Inc | Added | +130,710 | +$17.6M | 3.0% |
| EP Enterprise Prods Partners L | Added | +395,624 | +$15M | 4.5% |
| Freeport Mcmoran Inc | Added | +247,510 | +$14.5M | 0.6% |
| PG Plains Gp Hldgs L P | Trimmed | −568,370 | −$13.8M | 0.5% |
Showing the 10 largest of 217 changes.
quarter ended December 31, 2025 · filed January 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| KG Kodiak Gas Svcs Inc | New | +1,062,581 | +$39.7M | 1.5% |
| IT Ishares Tr | Added | +334,330 | +$27.7M | 1.2% |
| PF Pnc Finl Svcs Group Inc | Added | +45,514 | +$9.5M | 0.7% |
| PA Plains All Amern Pipeline L | Trimmed | −486,115 | −$8.73M | 2.4% |
| Kinetik Holdings Inc | Added | +218,981 | +$7.89M | 0.9% |
| UP Union Pac Corp | Trimmed | −31,713 | −$7.34M | — |
| Hess Midstream LP | Trimmed | −202,710 | −$6.99M | 2.1% |
| Starbucks Corp | Exited | −77,836 | −$6.58M | — |
| PG&E Corp | Trimmed | −369,910 | −$5.94M | 0.1% |
| WM Western Midstream Partners L | Trimmed | −145,970 | −$5.77M | 1.8% |
Showing the 10 largest of 243 changes.
quarter ended September 30, 2025 · filed October 28, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EP Enterprise Prods Partners L | Added | +870,103 | +$27.2M | 3.5% |
| WM Western Midstream Partners L | Trimmed | −528,730 | −$20.8M | 2.1% |
| Hess Midstream LP | Trimmed | −578,348 | −$20M | 2.5% |
| LH Lantheus Hldgs Inc | Exited | −181,150 | −$14.8M | — |
| KM Kinder Morgan Inc Del | Added | +457,459 | +$13M | 1.5% |
| TR Targa Res Corp | Added | +67,193 | +$11.3M | 3.7% |
| Alphabet Inc | Trimmed | −44,085 | −$10.7M | 1.6% |
| VS Veeva Sys Inc | New | +32,253 | +$9.61M | 0.4% |
| PF Pnc Finl Svcs Group Inc | New | +46,150 | +$9.27M | 0.4% |
| Progressive Corp | Trimmed | −37,231 | −$9.19M | 0.1% |
Showing the 10 largest of 189 changes.
quarter ended June 30, 2025 · filed July 16, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Hess Midstream LP | Added | +857,669 | +$33M | 3.8% |
| WM Western Midstream Partners L | Trimmed | −446,480 | −$17.3M | 3.0% |
| Goldman Sachs Group Inc | New | +13,838 | +$9.79M | 0.4% |
| Elevance Health Inc | Trimmed | −19,236 | −$7.48M | 0.5% |
| LH Lantheus Hldgs Inc | Added | +85,970 | +$7.04M | 0.6% |
| Lear Corp | Exited | −75,531 | −$6.66M | — |
| PA Plains All Amern Pipeline L | Trimmed | −361,593 | −$6.62M | 2.9% |
| Meta Platforms Inc | Added | +8,527 | +$6.29M | 0.9% |
| Sysco Corp | Exited | −82,912 | −$6.22M | — |
| Thermo Fisher Scientific Inc | Added | +14,870 | +$6.03M | 0.6% |
Showing the 10 largest of 181 changes.
quarter ended March 31, 2025 · filed May 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enlink Midstream LLC | Exited | −2,684,579 | −$38M | — |
| IT Ishares Tr | Trimmed | −382,960 | −$31.7M | 0.1% |
| ON Oneok Inc New | Added | +289,441 | +$28.7M | 2.3% |
| KG Kodiak Gas Svcs Inc | Exited | −350,000 | −$14.3M | — |
| Hess Midstream LP | Added | +330,610 | +$14M | 2.8% |
| Apple Inc | Trimmed | −59,636 | −$13.2M | 9.9% |
| LH Lantheus Hldgs Inc | New | +95,180 | +$9.29M | 0.4% |
| Meta Platforms Inc | Added | +15,374 | +$8.86M | 0.5% |
| PA Plains All Amern Pipeline L | Trimmed | −427,936 | −$8.56M | 3.5% |
| IE Intercontinental Exchange In | Trimmed | −49,164 | −$8.48M | 0.6% |
Showing the 10 largest of 224 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Apple Inc | Added | +755,939 | +$189M | 11.8% |
| IT Ishares Tr | Added | +387,710 | +$31.8M | 1.4% |
| TR Targa Res Corp | Trimmed | −132,590 | −$23.7M | 3.6% |
| ON Oneok Inc New | Trimmed | −177,843 | −$17.9M | 1.1% |
| WM Western Midstream Partners L | Added | +458,111 | +$17.6M | 3.8% |
| KM Kinder Morgan Inc Del | Added | +627,160 | +$17.2M | 1.0% |
| Cheniere Energy Inc | Trimmed | −73,825 | −$15.9M | 2.6% |
| Blackrock Inc | New | +12,266 | +$12.6M | 0.5% |
| PM Philip Morris Intl Inc | Added | +97,600 | +$11.7M | 0.8% |
| Blackrock Inc | Exited | −11,971 | −$11.4M | — |
Showing the 10 largest of 230 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| WM Western Midstream Partners L | Added | +394,373 | +$15.1M | 3.8% |
| Delek Logistics Partners LP | Exited | −266,644 | −$10.8M | — |
| Builders Firstsource Inc | New | +52,835 | +$10.2M | 0.5% |
| WF Wells Fargo Co New | Trimmed | −180,342 | −$10.2M | — |
| HE Hawaiian Elec Industries | New | +1,030,620 | +$9.98M | 0.5% |
| PA Plains All Amern Pipeline L | Added | +561,188 | +$9.75M | 3.7% |
| PH Paypal Hldgs Inc | Trimmed | −117,315 | −$9.15M | 0.5% |
| Bkv Corp | New | +500,000 | +$9.15M | 0.5% |
| KG Kodiak Gas Svcs Inc | New | +300,000 | +$8.7M | 0.4% |
| Micron Technology Inc | New | +83,160 | +$8.62M | 0.4% |
Showing the 10 largest of 169 changes.
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