Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$3.16B in Q2 2013 → $6.59B 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 |
|---|---|---|---|---|
| Talen Energy Corp | 8.6% | Trimmed 2.3% | 1,476,664 | $567M |
| EN Entergy Corp New Com | 5.2% | Added 33% | 2,978,267 | $342M |
| Vistra Corp. | 5.0% | Trimmed 1.1% | 2,070,918 | $329M |
| Constellation Energy Corp | 4.9% | Added 8.9% | 1,310,640 | $326M |
| Centerpoint Energy Inc | 4.4% | Trimmed 5.4% | 6,627,665 | $292M |
| XE Xcel Energy Inc Com | 4.1% | Trimmed 5.4% | 3,358,472 | $270M |
| IC Idacorp Inc Com | 4.1% | Trimmed 1.7% | 1,770,065 | $268M |
| AE Alliant Energy Corp Com | 3.2% | Trimmed 7.0% | 2,784,686 | $212M |
| Ge Vernova Inc | 3.0% | Trimmed 3.0% | 169,847 | $200M |
| NC Nisource Inc Com | 2.9% | Trimmed 0.6% | 4,088,685 | $194M |
| CC Corning Inc Com | 2.8% | Trimmed 6.3% | 714,933 | $183M |
| EC Equinix Inc Com New | 2.7% | Trimmed 0.1% | 173,604 | $181M |
| QS Quanta Svcs Inc Com | 2.7% | Trimmed 1.6% | 246,303 | $177M |
| Sempra | 2.7% | Trimmed 8.2% | 1,898,237 | $176M |
| Dt Midstream Inc | 2.4% | Added 15% | 1,075,353 | $158M |
| WC Williams Cos Inc Com | 2.4% | Added 1.2% | 2,114,150 | $157M |
| CE Cms Energy Corp Com | 2.2% | Trimmed 9.7% | 1,909,154 | $146M |
| MM Mp Matls Corp | 2.2% | Trimmed 0.1% | 2,606,844 | $146M |
| AE American Elec Pwr Inc Com | 2.1% | Added 189% | 994,697 | $136M |
| DI Dycom Inds Inc Com | 2.0% | Added 6.1% | 263,260 | $133M |
| EP Enterprise Products Partners L | 1.9% | Unchanged | 3,493,940 | $128M |
| NE Nextera Energy Inc Com | 1.9% | Added 9.4% | 1,439,436 | $126M |
| CC Cameco Corp Com | 1.7% | Trimmed 0.1% | 1,125,240 | $115M |
| CP Canadian Pacific Kansas City L | 1.6% | Added 16% | 1,252,277 | $109M |
| PW Pinnacle West Cap Corp Com | 1.5% | Trimmed 15% | 913,786 | $97.8M |
| WE Wec Energy Group Inc Com | 1.5% | Added 46% | 822,305 | $96M |
| AC Ameren Corp Com | 1.5% | Trimmed 21% | 846,298 | $95.7M |
| NE Nrg Energy Inc Com | 1.4% | Trimmed 13% | 640,357 | $93.5M |
| DE Dte Energy Co Com | 1.3% | Added 80% | 581,441 | $88.6M |
| Coherent Corp | 1.3% | Added 3.5% | 213,055 | $84M |
| OE Oge Energy Corp Com | 1.1% | Trimmed 5.6% | 1,513,586 | $73.7M |
| SC Sba Communications Cor Cl A | 0.9% | Unchanged | 322,464 | $56.9M |
| Arista Networks Inc | 0.8% | Trimmed 25% | 312,537 | $53.1M |
| Itg Inc. | 0.8% | New | 3,125,000 | $50M |
| EC Eqt Corp Com | 0.8% | Trimmed 14% | 939,843 | $50M |
| Cheniere Energy Inc | 0.7% | Added 663% | 183,209 | $43.8M |
| Usa Rare Earth Inc | 0.7% | Trimmed 14% | 2,000,000 | $43.2M |
| CE Centrus Energy Corp Cl A | 0.6% | Added 6.8% | 226,429 | $38M |
| MC Mplx LP Com Unit Rep Ltd | 0.6% | Unchanged | 670,500 | $37.8M |
| AT American Tower REIT Com | 0.5% | Added 116% | 211,538 | $34.6M |
| Lumentum Holdings Inc | 0.5% | Trimmed 4.6% | 39,906 | $34.2M |
| XR X-energy, Inc Restricted Share | 0.5% | New | 1,891,802 | $31.3M |
| DR Digital Realty Tr | 0.5% | Added 78% | 167,437 | $30.1M |
| TU T-mobile Us Inc Com | 0.4% | Added 63% | 174,266 | $29.2M |
| Old Dominion Freight Line | 0.4% | Added 85% | 128,200 | $27.8M |
| IM Iron Mtn Inc New | 0.4% | Trimmed 0.5% | 212,533 | $26.8M |
| RA Rice Acquisition Corporation 3 | 0.4% | Unchanged | 2,400,000 | $25.7M |
| Tic Solutions Inc | 0.4% | Added 2.3% | 3,145,735 | $25.4M |
| National Fuel Gas Co | 0.4% | Unchanged | 314,465 | $24.3M |
| Dominion Energy Inc. | 0.3% | New | 300,000 | $20.5M |
| Tamboran Resources Corp | 0.3% | Added 262% | 615,001 | $20M |
| Vertiv Holdings Co | 0.3% | Trimmed 29% | 51,434 | $17.2M |
| Marathon Petroleum Corp | 0.2% | Trimmed 74% | 56,500 | $14.4M |
| FE Fervo Energy Co Cl A | 0.2% | New | 450,000 | $13.2M |
| SH Sharonai Holdings Inc - Restri | 0.2% | New | 181,871 | $12.5M |
| Forgent Power Solutions Inc | 0.2% | New | 200,000 | $11.2M |
| Unitil Corp | 0.2% | Trimmed 17% | 206,918 | $10.9M |
| JC Johnson Ctls Intl PLC Shs | 0.1% | Added 28% | 63,360 | $9.26M |
| BH Berkshire Hathaway Inc Class B | 0.1% | Trimmed 0.8% | 17,591 | $8.8M |
| The York Water Company | 0.1% | New | 275,000 | $8.43M |
Showing top 60 of 94 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 |
|---|---|---|---|---|
| PC Ppl Corp Com | Exited | −3,706,113 | −$142M | — |
| AE American Elec Pwr Inc Com | Added | +649,975 | +$88.9M | 2.1% |
| EN Entergy Corp New Com | Added | +735,495 | +$84.5M | 5.2% |
| Itg Inc. | New | +3,125,000 | +$50M | 0.8% |
| Marathon Petroleum Corp | Trimmed | −164,115 | −$42M | 0.2% |
| DE Dte Energy Co Com | Added | +257,736 | +$39.3M | 1.3% |
| Cheniere Energy Inc | Added | +159,209 | +$38.1M | 0.7% |
| XR X-energy, Inc Restricted Share | New | +1,891,802 | +$31.3M | 0.5% |
| WE Wec Energy Group Inc Com | Added | +259,348 | +$30.3M | 1.5% |
| XR X-energy Reactor Co. LLC Serie | Exited | −1,891,802 | −$27.5M | — |
Showing the 10 largest of 85 changes.
quarter ended March 31, 2026 · filed May 07, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Txnm Energy Inc | Trimmed | −2,436,475 | −$142M | — |
| Ge Vernova Inc | Added | +101,649 | +$88.7M | 2.5% |
| CP Canadian Pacific Kansas City L | Added | +1,070,000 | +$84.2M | 1.4% |
| PW Pinnacle West Cap Corp Com | Trimmed | −641,728 | −$64.7M | 1.8% |
| NC Nisource Inc Com | Trimmed | −1,312,388 | −$61.2M | 3.2% |
| WC Williams Cos Inc Com | Added | +795,343 | +$57.9M | 2.5% |
| Arista Networks Inc | Added | +391,904 | +$48.1M | 0.8% |
| AE American Elec Pwr Inc Com | New | +344,722 | +$45.2M | 0.7% |
| Coherent Corp | Added | +179,831 | +$42.8M | 0.8% |
| ON Oneok Inc New Com | Trimmed | −449,930 | −$40.7M | — |
Showing the 10 largest of 79 changes.
quarter ended December 31, 2025 · filed February 10, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PS Public Svc Enterprise Group In | Trimmed | −1,343,505 | −$108M | 0.8% |
| AE Alliant Energy Corp Com | Added | +1,278,166 | +$83.1M | 3.5% |
| NE Nextera Energy Inc Com | Added | +735,867 | +$59.1M | 1.9% |
| Sempra | Added | +544,567 | +$48.1M | 3.3% |
| Vistra Corp. | Added | +278,763 | +$45M | 6.2% |
| NE Nrg Energy Inc Com | Added | +276,157 | +$44M | 1.6% |
| Constellation Energy Corp | Added | +118,566 | +$41.9M | 7.0% |
| Talen Energy Corp | Added | +111,160 | +$41.7M | 10.0% |
| Ge Vernova Inc | Added | +58,403 | +$38.2M | 0.8% |
| American Water Works | Trimmed | −275,000 | −$35.9M | — |
Showing the 10 largest of 75 changes.
quarter ended September 30, 2025 · filed November 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| MM Mp Matls Corp | Added | +1,624,908 | +$109M | 3.1% |
| Vistra Corp. | Added | +350,270 | +$68.6M | 6.7% |
| Talen Energy Corp | Added | +158,047 | +$67.2M | 10.7% |
| Constellation Energy Corp | Added | +192,051 | +$63.2M | 6.0% |
| NC Nisource Inc Com | Added | +1,287,745 | +$55.8M | 3.9% |
| AC Ameren Corp Com | Added | +510,192 | +$53.3M | 1.8% |
| XE Xcel Energy Inc Com | Added | +647,834 | +$52.2M | 4.5% |
| AE Alliant Energy Corp Com | Added | +626,410 | +$42.2M | 2.1% |
| CC Corning Inc Com | New | +504,522 | +$41.4M | 0.7% |
| EC Eqt Corp Com | Added | +700,732 | +$38.1M | 1.0% |
Showing the 10 largest of 67 changes.
quarter ended June 30, 2025 · filed August 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CE Cms Energy Corp Com | Added | +1,511,164 | +$105M | 2.9% |
| Centerpoint Energy Inc | Added | +1,871,724 | +$68.8M | 5.1% |
| AE Atmos Energy Corp Com | Trimmed | −345,115 | −$53.2M | 1.1% |
| AC Ameren Corp Com | New | +453,820 | +$43.6M | 1.0% |
| EI Edison Intl Com | Trimmed | −769,232 | −$39.7M | — |
| IC Idacorp Inc Com | Added | +318,919 | +$36.8M | 4.0% |
| Exxon Mobil Corp | Trimmed | −328,980 | −$35.5M | — |
| MM Mp Matls Corp | New | +965,000 | +$32.1M | 0.7% |
| Constellation Energy Corp | Added | +99,267 | +$32M | 5.9% |
| AE Alliant Energy Corp Com | Added | +500,633 | +$30.3M | 1.5% |
Showing the 10 largest of 63 changes.
quarter ended March 31, 2025 · filed May 09, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CE Cms Energy Corp Com | Trimmed | −916,903 | −$68.9M | 0.7% |
| XE Xcel Energy Inc Com | Added | +844,632 | +$59.8M | 4.1% |
| Centerpoint Energy Inc | Added | +1,616,181 | +$58.6M | 4.0% |
| NE Nextera Energy Inc Com | Trimmed | −656,603 | −$46.5M | 1.8% |
| Sempra | Added | +576,799 | +$41.2M | 3.4% |
| PS Public Svc Enterprise Group In | Added | +483,682 | +$39.8M | 2.7% |
| DE Dte Energy Co Com | Trimmed | −281,602 | −$38.9M | 2.1% |
| EC Equinix Inc Com New | Added | +41,797 | +$34.1M | 3.3% |
| AE American Elec Pwr Inc Com | New | +275,730 | +$30.1M | 0.8% |
| IC Idacorp Inc Com | Added | +249,542 | +$29M | 3.7% |
Showing the 10 largest of 60 changes.
quarter ended December 31, 2024 · filed February 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| PC Ppl Corp Com | Added | +2,551,070 | +$82.8M | 3.4% |
| XE Xcel Energy Inc Com | Added | +1,186,427 | +$80.1M | 2.6% |
| EN Entergy Corp New Com | Added | +859,617 | +$65.2M | 4.0% |
| Centerpoint Energy Inc | Trimmed | −1,978,940 | −$62.8M | 2.3% |
| Txnm Energy Inc | Added | +1,018,659 | +$50.1M | 3.8% |
| IC Idacorp Inc Com | Added | +429,276 | +$46.9M | 2.9% |
| AE Alliant Energy Corp Com | Trimmed | −728,099 | −$43.1M | 1.2% |
| BC Bce Inc Com New | Exited | −1,214,195 | −$42.3M | — |
| EI Edison Intl Com | Trimmed | −434,381 | −$34.7M | 1.6% |
| Exxon Mobil Corp | Added | +313,275 | +$33.7M | 0.9% |
Showing the 10 largest of 72 changes.
quarter ended September 30, 2024 · filed November 05, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| EN Entergy Corp New Com | Added | +401,865 | +$52.9M | 4.2% |
| SC Southern Co Com | Trimmed | −554,549 | −$50M | 0.1% |
| EI Edison Intl Com | Added | +566,111 | +$49.3M | 2.9% |
| DE Duke Energy Corp New Com New | Trimmed | −381,000 | −$43.9M | 0.2% |
| EP Enterprise Products Partners L | Added | +1,310,500 | +$38.1M | 2.9% |
| DE Dte Energy Co Com | Added | +287,456 | +$36.9M | 3.2% |
| PC Ppl Corp Com | Trimmed | −1,033,501 | −$34.2M | 1.3% |
| NS Norfolk Southern Corp Com | Added | +137,000 | +$34M | 1.2% |
| Sempra | Added | +400,839 | +$33.5M | 3.6% |
| Centerpoint Energy Inc | Added | +1,077,277 | +$31.7M | 3.8% |
Showing the 10 largest of 64 changes.
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