Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$12.2B in Q2 2013 → $5.1B 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 |
|---|---|---|---|---|
| WC Williams Cos Inc | 9.8% | Added 0.4% | 6,729,960 | $500M |
| EP Enterprise Prods Partners L | 9.3% | Trimmed 1.2% | 12,869,425 | $473M |
| ET Energy Transfer L P | 9.1% | Trimmed 1.7% | 24,166,229 | $462M |
| Cheniere Energy Inc | 8.9% | Added 15% | 1,908,577 | $456M |
| ON Oneok Inc New | 6.6% | Trimmed 0.0% | 3,864,249 | $336M |
| Mplx LP | 6.5% | Trimmed 14% | 5,862,925 | $330M |
| KM Kinder Morgan Inc Del | 5.8% | Trimmed 15% | 9,310,932 | $298M |
| Enbridge Inc | 5.3% | Trimmed 17% | 5,029,159 | $273M |
| TR Targa Res Corp | 5.1% | Added 25% | 970,898 | $260M |
| Tc Energy Corp | 5.1% | Trimmed 19% | 3,922,519 | $260M |
| Mach Natural Resources LP | 3.8% | Trimmed 18% | 15,517,713 | $196M |
| WM Western Midstream Partners L | 3.4% | Added 0.3% | 3,928,197 | $172M |
| PA Plains All Amern Pipeline L | 2.7% | Trimmed 0.1% | 6,191,802 | $138M |
| Pembina Pipeline Corp | 1.9% | Added 31% | 2,112,513 | $97.7M |
| Dt Midstream Inc | 1.9% | Trimmed 0.9% | 644,326 | $94.5M |
| KG Kodiak Gas Svcs Inc | 1.7% | Added 81% | 1,128,985 | $84.8M |
| Sempra | 1.4% | Added 1.9% | 791,520 | $73.4M |
| Venture Global Inc | 1.3% | New | 5,743,473 | $63.9M |
| Centerpoint Energy Inc | 1.1% | Added 3.1% | 1,282,748 | $56.5M |
| Sunococorp LLC | 1.1% | Added 278% | 819,337 | $55.4M |
| MP Marathon Pete Corp | 1.0% | Added 29% | 206,525 | $52.8M |
| Antero Midstream Corp | 1.0% | Trimmed 48% | 2,192,659 | $49.9M |
| EN Entergy Corp New | 0.9% | Trimmed 36% | 384,367 | $44.1M |
| Archrock Inc | 0.8% | Trimmed 3.2% | 964,888 | $39.3M |
| Excelerate Energy Inc | 0.5% | Added 2.8% | 664,577 | $25.2M |
| SG Southwest Gas Hldgs Inc | 0.5% | Added 23% | 266,765 | $23.7M |
| OP Occidental Pete Corp | 0.3% | New | 346,953 | $16.9M |
| Bp PLC | 0.3% | New | 441,511 | $16.3M |
| Hess Midstream LP | 0.3% | Trimmed 73% | 411,563 | $15.5M |
| Global Partners LP | 0.3% | Added 794% | 285,481 | $13.3M |
| Chevron Corporation | 0.2% | New | 72,254 | $12M |
| SE Simplify Exchange Traded Fun | 0.2% | Unchanged | 399,553 | $10.3M |
| Ppl Corp | 0.2% | Added 39% | 277,802 | $10.1M |
| Dominion Energy Inc | 0.2% | New | 134,767 | $9.2M |
| AE American Elec Pwr Co Inc | 0.2% | Added 75% | 61,748 | $8.45M |
| Idacorp Inc | 0.1% | Added 27% | 49,090 | $7.43M |
| Ge Vernova Inc | 0.1% | Trimmed 15% | 5,845 | $6.87M |
| Usa Compression Partners LP | 0.1% | Unchanged | 250,946 | $6.62M |
| Nrg Energy Inc | 0.1% | Trimmed 35% | 41,996 | $6.13M |
| QS Quanta Svcs Inc | 0.1% | Trimmed 12% | 7,362 | $5.3M |
| PG Plains Gp Hldgs L P | 0.1% | Unchanged | 197,711 | $4.8M |
| National Fuel Gas Co | 0.1% | Trimmed 44% | 59,763 | $4.61M |
| SL Sunoco Lp/sunoco Fin Corp | 0.1% | New | 57,396 | $3.87M |
| Cameco Corp | 0.1% | Added 9.0% | 37,214 | $3.79M |
| Loews Corp | 0.1% | New | 24,744 | $2.8M |
| Constellation Energy Corp | 0.1% | Trimmed 31% | 11,084 | $2.75M |
| PI Powell Inds Inc | 0.1% | Added 205% | 9,572 | $2.74M |
| Talen Energy Corp | 0.1% | Trimmed 40% | 6,928 | $2.66M |
| PS Primoris Svcs Corp | 0.0% | New | 25,359 | $2.51M |
| Vistra Corp | 0.0% | Trimmed 55% | 15,553 | $2.47M |
| First Solar Inc | 0.0% | Added 104% | 9,730 | $2.3M |
| Bwx Technologies Inc | 0.0% | Added 1.6% | 8,536 | $1.66M |
| E Erock Inc | 0.0% | New | 49,000 | $711K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Venture Global Inc | New | +5,743,473 | +$63.9M | 1.3% |
| Tc Energy Corp | Trimmed | −895,144 | −$59.3M | 5.1% |
| Cheniere Energy Inc | Added | +246,955 | +$59M | 8.9% |
| Enbridge Inc | Trimmed | −1,066,780 | −$57.8M | 5.3% |
| Mplx LP | Trimmed | −963,642 | −$54.3M | 6.5% |
| KM Kinder Morgan Inc Del | Trimmed | −1,643,135 | −$52.5M | 5.8% |
| TR Targa Res Corp | Added | +193,295 | +$51.8M | 5.1% |
| Antero Midstream Corp | Trimmed | −2,056,049 | −$46.8M | 1.0% |
| Mach Natural Resources LP | Trimmed | −3,442,321 | −$43.5M | 3.8% |
| Hess Midstream LP | Trimmed | −1,099,530 | −$41.3M | 0.3% |
Showing the 10 largest of 54 changes.
quarter ended March 31, 2026 · filed May 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enbridge Inc | Added | +1,498,831 | +$81.1M | 6.3% |
| WC Williams Cos Inc | Trimmed | −948,311 | −$69M | 9.4% |
| KM Kinder Morgan Inc Del | Trimmed | −1,663,962 | −$55.8M | 7.0% |
| MP Marathon Pete Corp | New | +159,988 | +$39.1M | 0.7% |
| Linde PLC | Exited | −83,411 | −$35.6M | — |
| KG Kodiak Gas Svcs Inc | Added | +581,934 | +$33.9M | 0.7% |
| Tc Energy Corp | Trimmed | −530,017 | −$33.2M | 5.8% |
| Dt Midstream Inc | Trimmed | −213,550 | −$28.8M | 1.7% |
| Cheniere Energy Inc | Added | +89,219 | +$25.3M | 9.0% |
| PA Plains All Amern Pipeline L | Added | +1,081,102 | +$24.1M | 2.7% |
Showing the 10 largest of 53 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Centerpoint Energy Inc | New | +1,234,928 | +$47.3M | 1.1% |
| QS Quanta Svcs Inc | Trimmed | −83,292 | −$35.2M | 0.1% |
| TR Targa Res Corp | Trimmed | −165,280 | −$30.5M | 3.6% |
| AP Air Products And Chemicals Ord | Exited | −99,667 | −$27.2M | — |
| WM Western Midstream Partners L | Added | +482,250 | +$19M | 3.5% |
| SS Select Sector SPDR Tr | Exited | −2,000 | −$17.9M | — |
| Antero Midstream Corp | Added | +932,720 | +$16.6M | 1.8% |
| Hess Midstream LP | Added | +282,643 | +$9.75M | 1.3% |
| NE Nextera Energy Unt | Exited | −182,000 | −$9.08M | — |
| PG&E Corp | Trimmed | −219,997 | −$9.02M | 0.1% |
Showing the 10 largest of 50 changes.
quarter ended September 30, 2025 · filed November 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Mach Natural Resources LP | New | +19,187,581 | +$253M | 5.6% |
| EO Enbridge Ord | Added | +1,508,300 | +$76.1M | 5.1% |
| PP Pembina Pipeline Ord | Trimmed | −1,440,611 | −$58.3M | 1.6% |
| HM Hess Midstream Cl A Ord | Trimmed | −1,449,506 | −$50.1M | 1.0% |
| KM Kinder Morgan Cl P Ord | Added | +1,682,241 | +$47.6M | 7.7% |
| TR Targa Resources Ord | Trimmed | −268,243 | −$44.9M | 3.8% |
| TE Tc Energy Ord | Added | +744,801 | +$40.5M | 6.4% |
| SO Sempra Ord | Added | +342,170 | +$30.8M | 1.9% |
| QS Quanta Services Ord | Trimmed | −50,683 | −$21M | 0.9% |
| WO Williams Ord | Trimmed | −310,461 | −$19.7M | 10.6% |
Showing the 10 largest of 49 changes.
quarter ended June 30, 2025 · filed August 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| ON Oneok Inc New | Added | +670,928 | +$54.8M | 6.5% |
| WM Western Midstream Partners L | Trimmed | −1,146,352 | −$44.4M | 3.1% |
| Kinetik Holdings Inc | Exited | −830,122 | −$43.1M | — |
| Archrock Inc | Trimmed | −1,085,870 | −$27M | 0.3% |
| Pembina Pipeline Corp | Trimmed | −690,501 | −$25.9M | 2.8% |
| Dt Midstream Inc | Added | +195,782 | +$21.5M | 2.2% |
| SS Select Sector SPDR Tr | New | +2,200 | +$18.7M | 0.4% |
| TR Targa Res Corp | Trimmed | −101,759 | −$17.7M | 5.2% |
| KG Kodiak Gas Svcs Inc | Trimmed | −463,368 | −$15.9M | — |
| Cheniere Energy Inc | Added | +62,459 | +$15.2M | 8.8% |
Showing the 10 largest of 53 changes.
quarter ended March 31, 2025 · filed May 05, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Mplx LP | Added | +2,153,490 | +$115M | 9.2% |
| Enbridge Inc | Trimmed | −889,385 | −$39.4M | 2.9% |
| QS Quanta Svcs Inc | Added | +139,218 | +$35.4M | 0.9% |
| Sempra | Trimmed | −470,675 | −$33.6M | 1.0% |
| Cheniere Energy Inc | Added | +105,875 | +$24.5M | 7.6% |
| ON Oneok Inc New | Added | +223,823 | +$22.2M | 6.1% |
| EN Entergy Corp New | Trimmed | −249,746 | −$21.4M | 1.2% |
| Nextera Energy Inc | Exited | −505,441 | −$20.7M | — |
| KG Kodiak Gas Svcs Inc | Added | +465,528 | +$17.4M | 0.4% |
| Tc Energy Corp | Trimmed | −367,556 | −$17.4M | 4.7% |
Showing the 10 largest of 51 changes.
quarter ended December 31, 2024 · filed February 10, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TR Targa Res Corp | Trimmed | −457,269 | −$81.6M | 6.2% |
| Tc Energy Corp | Added | +1,644,115 | +$76.5M | 5.3% |
| ON Oneok Inc New | Trimmed | −734,277 | −$73.7M | 6.1% |
| Nextera Energy Inc | Exited | −852,674 | −$72.1M | — |
| WM Western Midstream Partners L | Trimmed | −1,637,862 | −$62.9M | 4.2% |
| EP Enterprise Prods Partners L | Added | +1,947,017 | +$61.1M | 10.0% |
| EN Entergy Corp New | Added | +633,369 | +$48M | 1.6% |
| AP Air Prods & Chems Inc | New | +159,295 | +$46.2M | 1.1% |
| ET Energy Transfer L P | Added | +1,723,683 | +$33.8M | 11.1% |
| PA Plains All Amern Pipeline L | Trimmed | −1,892,127 | −$32.3M | 2.3% |
Showing the 10 largest of 49 changes.
quarter ended September 30, 2024 · filed November 07, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TR Targa Res Corp | Trimmed | −558,611 | −$82.7M | 7.3% |
| Exxon Mobil Corp | Exited | −571,173 | −$65.8M | — |
| Enbridge Inc | Added | +1,472,789 | +$59.8M | 4.3% |
| WM Western Midstream Partners L | Added | +1,184,597 | +$45.3M | 6.1% |
| EN Entergy Corp New | New | +266,730 | +$35.1M | 0.9% |
| Tc Energy Corp | Added | +722,619 | +$34.4M | 3.9% |
| Phillips 66 | Trimmed | −258,964 | −$34M | — |
| Archrock Inc | Added | +1,444,471 | +$29.2M | 0.8% |
| Pembina Pipeline Corp | Added | +550,491 | +$22.7M | 4.4% |
| Sempra | Added | +264,064 | +$22.1M | 2.2% |
Showing the 10 largest of 58 changes.
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