Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$3.93B in Q2 2013 → $6.36B 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 |
|---|---|---|---|---|
| EP Enterprise Prods Partners L | 8.0% | Added 0.7% | 13,831,913 | $508M |
| Energy Transfer LP | 7.7% | Added 1.8% | 25,654,536 | $491M |
| Mplx LP | 4.8% | Added 4.3% | 5,380,295 | $303M |
| KM Kinder Morgan Inc Del | 3.8% | Added 1.3% | 7,534,321 | $241M |
| National Fuel Gas Co | 3.6% | Added 16% | 2,995,843 | $231M |
| PG Plains Gp Hldgs L P | 3.5% | Added 0.8% | 9,045,863 | $220M |
| Southern Co | 2.6% | Added 1.1% | 1,735,602 | $166M |
| Oneok Inc New | 2.4% | Added 4.3% | 1,761,507 | $153M |
| EN Entergy Corp New | 2.3% | Trimmed 1.1% | 1,291,790 | $148M |
| Ppl Corp | 2.2% | Trimmed 2.5% | 3,915,845 | $142M |
| DE Duke Energy Corp New | 2.2% | Added 7.9% | 1,120,607 | $142M |
| One Gas Inc | 2.1% | Added 33% | 1,763,956 | $136M |
| Sempra | 2.0% | Added 2.0% | 1,370,004 | $127M |
| AE American Elec Pwr Co Inc | 2.0% | Added 1.1% | 919,858 | $126M |
| SL Sunoco Lp/sunoco Fin Corp | 1.9% | Trimmed 7.0% | 1,768,784 | $119M |
| PS Public Svc Enterprise Grp In | 1.8% | Added 1.0% | 1,432,413 | $116M |
| Evergy Inc | 1.7% | Added 3.2% | 1,277,260 | $110M |
| Cheniere Energy Inc | 1.7% | Added 40% | 451,655 | $108M |
| WC Williams Cos Inc | 1.7% | Trimmed 1.5% | 1,436,383 | $107M |
| Centerpoint Energy Inc | 1.6% | Added 11% | 2,348,478 | $103M |
| Oge Energy Corp | 1.6% | Added 10% | 2,034,850 | $99M |
| Firstenergy Corp | 1.5% | Added 8.0% | 2,053,059 | $97.6M |
| Wec Energy Group Inc | 1.5% | Added 9.1% | 835,526 | $97.6M |
| CE Cheniere Energy Partners LP | 1.5% | Added 2.0% | 1,554,578 | $94.8M |
| Nextera Energy Inc | 1.4% | Added 24% | 1,010,717 | $88.7M |
| TR Targa Res Corp | 1.4% | Trimmed 1.7% | 321,173 | $86.1M |
| Dominion Energy Inc | 1.3% | Added 2.5% | 1,233,506 | $84.2M |
| Clearway Energy Inc | 1.3% | Added 1.5% | 2,433,941 | $83.2M |
| Xcel Energy Inc | 1.3% | Added 2.2% | 1,022,550 | $82.1M |
| Dte Energy Co | 1.3% | Trimmed 8.2% | 534,462 | $81.4M |
| NJ New Jersey Res Corp | 1.2% | Trimmed 1.0% | 1,402,434 | $78.6M |
| GH Generac Hldgs Inc | 1.2% | Trimmed 13% | 263,559 | $77.2M |
| Vistra Corp | 1.2% | Added 1.3% | 477,199 | $75.7M |
| Atmos Energy Corp | 1.1% | Added 13% | 410,650 | $70.7M |
| TT Tetra Tech Inc New | 1.1% | New | 2,371,465 | $68.5M |
| QS Quanta Svcs Inc | 1.0% | Trimmed 27% | 92,723 | $66.8M |
| Ameren Corp | 1.0% | Added 11% | 588,272 | $66.5M |
| Dt Midstream Inc | 1.0% | Added 0.8% | 433,200 | $63.6M |
| Alliant Energy Corp | 1.0% | Added 2.1% | 826,750 | $63.1M |
| Idacorp Inc | 1.0% | Added 1.7% | 400,649 | $60.6M |
| Archrock Inc | 0.9% | Added 3.1% | 1,437,233 | $58.5M |
| Jacobs Solutions Inc | 0.9% | Added 418% | 462,984 | $58.3M |
| Exxon Mobil Corp | 0.9% | Added 58% | 425,249 | $58.1M |
| Cms Energy Corp | 0.8% | Trimmed 9.3% | 702,074 | $53.7M |
| UN Ugi Corp New | 0.7% | Added 1.5% | 1,302,403 | $45M |
| Tc Energy Corp | 0.7% | Trimmed 29% | 628,663 | $41.7M |
| Shell PLC | 0.6% | Trimmed 33% | 496,897 | $38.5M |
| Cummins Inc | 0.6% | Trimmed 45% | 51,595 | $36.8M |
| WC Westlake Chem Partners LP | 0.6% | Added 0.5% | 1,589,566 | $35.4M |
| ER Eog Res Inc | 0.5% | Added 27% | 248,767 | $32.3M |
| RR Range Res Corp | 0.5% | Added 40% | 858,635 | $31.9M |
| Enbridge Inc | 0.5% | Trimmed 41% | 577,231 | $31.3M |
| PA Plains All Amern Pipeline L | 0.5% | Trimmed 1.0% | 1,310,687 | $29.2M |
| PG&E Corp | 0.4% | Added 6.6% | 1,658,844 | $27.9M |
| Constellation Energy Corp | 0.4% | Added 1.8% | 111,817 | $27.8M |
| Aes Corp | 0.4% | Added 1.4% | 1,847,213 | $27.1M |
| CU Chesapeake Utils Corp | 0.4% | Added 18% | 204,771 | $25.1M |
| Sunococorp LLC | 0.4% | Added 79% | 370,203 | $25.1M |
| AR Alliance Resource Partners L | 0.4% | Added 42% | 1,044,641 | $25.1M |
| Baker Hughes Company | 0.4% | Added 1.3% | 410,363 | $22.8M |
Showing top 60 of 88 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 07, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TT Tetra Tech Inc New | New | +2,371,465 | +$68.5M | 1.1% |
| Jacobs Solutions Inc | Added | +373,600 | +$47.1M | 0.9% |
| Spire Inc | Exited | −402,270 | −$36.4M | — |
| One Gas Inc | Added | +432,880 | +$33.4M | 2.1% |
| National Fuel Gas Co | Added | +406,019 | +$31.3M | 3.6% |
| Cheniere Energy Inc | Added | +128,494 | +$30.7M | 1.7% |
| Cummins Inc | Trimmed | −42,714 | −$30.5M | 0.6% |
| QS Quanta Svcs Inc | Trimmed | −33,470 | −$24.1M | 1.0% |
| Enbridge Inc | Trimmed | −400,369 | −$21.7M | 0.5% |
| Exxon Mobil Corp | Added | +156,573 | +$21.4M | 0.9% |
Showing the 10 largest of 92 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Exxon Mobil Corp | Trimmed | −402,132 | −$68.2M | 0.7% |
| TR Targa Res Corp | Trimmed | −239,199 | −$60M | 1.3% |
| PS Public Svc Enterprise Grp In | Added | +711,697 | +$57.6M | 1.8% |
| Oneok Inc New | Added | +617,015 | +$55.8M | 2.5% |
| QS Quanta Svcs Inc | Trimmed | −92,366 | −$50.7M | 1.1% |
| Totalenergies Se | Trimmed | −508,786 | −$46.3M | 0.1% |
| GH Generac Hldgs Inc | Trimmed | −225,285 | −$44M | 1.0% |
| EP Enterprise Prods Partners L | Trimmed | −1,158,835 | −$43.9M | 8.4% |
| Cheniere Energy Inc | Trimmed | −144,257 | −$40.9M | 1.5% |
| Cummins Inc | Trimmed | −71,521 | −$38.5M | 0.8% |
Showing the 10 largest of 90 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cummins Inc | New | +165,830 | +$84.6M | 1.5% |
| DE Duke Energy Corp New | Added | +721,335 | +$84.5M | 2.4% |
| Oge Energy Corp | New | +1,820,608 | +$77.7M | 1.4% |
| Dt Midstream Inc | Trimmed | −580,365 | −$69.5M | 0.9% |
| Firstenergy Corp | Added | +1,324,135 | +$59.3M | 1.4% |
| Oneok Inc New | Trimmed | −738,411 | −$54.3M | 1.4% |
| Sempra | Added | +518,256 | +$45.8M | 2.1% |
| Southern Co | Added | +515,763 | +$45M | 2.8% |
| GH Generac Hldgs Inc | Added | +327,873 | +$44.7M | 1.3% |
| KM Kinder Morgan Inc Del | Added | +1,563,289 | +$43M | 4.0% |
Showing the 10 largest of 95 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Hess Midstream LP | Exited | −1,080,367 | −$41.6M | — |
| Vistra Corp | Trimmed | −123,214 | −$24.1M | 1.1% |
| GH Generac Hldgs Inc | Trimmed | −101,850 | −$17M | 0.6% |
| PS Public Svc Enterprise Grp In | Trimmed | −184,974 | −$15.4M | 1.1% |
| CU Chesapeake Utils Corp | Added | +94,872 | +$12.8M | 0.4% |
| One Gas Inc | Added | +153,760 | +$12.4M | 1.3% |
| Allete Inc | Added | +144,655 | +$9.61M | 0.3% |
| QS Quanta Svcs Inc | Trimmed | −19,396 | −$8.04M | 2.5% |
| NJ New Jersey Res Corp | Added | +152,866 | +$7.36M | 0.9% |
| Oneok Inc New | Trimmed | −81,727 | −$5.96M | 2.5% |
Showing the 10 largest of 92 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sempra | Trimmed | −1,365,241 | −$103M | 1.2% |
| EP Enterprise Prods Partners L | Added | +1,834,659 | +$56.9M | 8.9% |
| Oneok Inc New | Trimmed | −353,318 | −$28.8M | 3.0% |
| Dt Midstream Inc | Added | +229,635 | +$25.2M | 2.2% |
| TR Targa Res Corp | Added | +130,974 | +$22.8M | 1.9% |
| NJ New Jersey Res Corp | Added | +473,664 | +$21.2M | 0.7% |
| Evergy Inc | Added | +281,099 | +$19.4M | 1.5% |
| Southern Co | Trimmed | −177,761 | −$16.3M | 2.3% |
| Enbridge Inc | Trimmed | −347,741 | −$15.8M | 1.3% |
| Centerpoint Energy Inc | Trimmed | −373,666 | −$13.7M | 1.5% |
Showing the 10 largest of 92 changes.
quarter ended March 31, 2025 · filed May 15, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Energy Transfer LP | Added | +2,471,401 | +$45.9M | 8.2% |
| EP Enterprise Prods Partners L | Trimmed | −1,264,634 | −$43.2M | 8.4% |
| NE Nextera Energy Partners LP | Exited | −2,117,421 | −$37.7M | — |
| Southern Co | Added | +382,629 | +$35.2M | 2.5% |
| CE Cheniere Energy Partners LP | Trimmed | −382,725 | −$25.3M | 1.2% |
| Oneok Inc New | Added | +251,942 | +$25M | 4.3% |
| Mplx LP | Trimmed | −362,344 | −$19.4M | 5.4% |
| EN Entergy Corp New | Added | +187,094 | +$16M | 2.1% |
| South Bow Corp | Exited | −584,547 | −$13.8M | — |
| Bp PLC | Trimmed | −403,807 | −$13.6M | 0.1% |
Showing the 10 largest of 95 changes.
quarter ended December 31, 2024 · filed February 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Dt Midstream Inc | Trimmed | −1,571,554 | −$156M | 1.6% |
| TR Targa Res Corp | Trimmed | −531,712 | −$94.9M | 1.6% |
| KM Kinder Morgan Inc Del | Trimmed | −3,384,266 | −$92.7M | 3.6% |
| Oneok Inc New | Trimmed | −840,048 | −$84.3M | 4.1% |
| Southern Co | Added | +726,772 | +$59.8M | 1.8% |
| EN Entergy Corp New | Added | +666,035 | +$50.5M | 1.7% |
| Mplx LP | Added | +1,046,737 | +$50.1M | 5.6% |
| PS Public Svc Enterprise Grp In | Trimmed | −548,830 | −$46.4M | 1.4% |
| Centerpoint Energy Inc | Added | +1,320,711 | +$41.9M | 1.6% |
| GH Generac Hldgs Inc | Added | +265,668 | +$41.2M | 0.9% |
Showing the 10 largest of 97 changes.
quarter ended September 30, 2024 · filed November 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Southern Co | Trimmed | −792,250 | −$71.4M | 0.7% |
| Atmos Energy Corp | Trimmed | −195,100 | −$27.1M | 1.6% |
| Eversource Energy | Exited | −467,268 | −$26.5M | — |
| One Gas Inc | Trimmed | −301,140 | −$22.4M | 1.0% |
| Dt Midstream Inc | Trimmed | −261,340 | −$20.6M | 3.9% |
| Wec Energy Group Inc | Trimmed | −197,697 | −$19M | 1.2% |
| Eqt Corp | New | +427,138 | +$15.7M | 0.3% |
| Alliant Energy Corp | Trimmed | −231,066 | −$14M | 1.4% |
| AE American Elec Pwr Co Inc C | Trimmed | −126,433 | −$13M | 2.4% |
| Vistra Corp | Added | +104,797 | +$12.4M | 1.1% |
Showing the 10 largest of 88 changes.
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