Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$12B in Q2 2013 → $9.84B 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 |
|---|---|---|---|---|
| Targa Resources Corp. | 9.6% | Trimmed 0.5% | 3,529,491 | $946M |
| WC Williams Cos Inc Com | 8.5% | Trimmed 2.2% | 11,248,639 | $836M |
| Energy Transfer LP | 7.4% | Trimmed 3.7% | 37,997,055 | $727M |
| Cheniere Energy Inc. | 7.1% | Added 15% | 2,941,182 | $703M |
| EP Enterprise Products Partners L | 7.0% | Added 25% | 18,636,746 | $685M |
| Mplx LP | 6.0% | Trimmed 21% | 10,500,469 | $591M |
| O Oneok Inc | 5.6% | Added 4.1% | 6,343,979 | $552M |
| Tc Energy Corp. | 4.9% | Trimmed 8.9% | 7,294,330 | $484M |
| Dt Midstream Inc | 4.4% | Trimmed 1.1% | 2,975,967 | $437M |
| Enbridge Inc | 3.3% | Trimmed 11% | 5,961,957 | $323M |
| PA Plains All American Pipeline L | 3.1% | Added 26% | 13,603,422 | $303M |
| Western Midstream Partners LP | 2.9% | Trimmed 26% | 6,506,154 | $285M |
| PG Plains Gp Holdings, L.p. | 2.7% | Trimmed 5.8% | 11,116,796 | $270M |
| Antero Midstream Corporation | 2.4% | Trimmed 8.7% | 10,183,484 | $232M |
| Pembina Pipeline Corporation | 2.2% | Added 16% | 4,623,490 | $214M |
| Hess Midstream LP | 1.6% | Trimmed 5.2% | 4,236,214 | $159M |
| Kinder Morgan Inc | 1.4% | Trimmed 46% | 4,210,122 | $135M |
| EC Entergy Corporation | 1.1% | Added 122% | 951,677 | $109M |
| Venture Global Inc | 1.1% | New | 9,559,853 | $106M |
| CE Constellation Energy Corp Com | 0.9% | Trimmed 14% | 340,376 | $84.5M |
| SE Sempra Energy | 0.8% | Trimmed 28% | 814,192 | $75.5M |
| Vistra Corp. | 0.7% | Trimmed 11% | 424,040 | $67.3M |
| CE Cheniere Energy Partners LP | 0.7% | Trimmed 2.4% | 1,080,566 | $65.9M |
| Quanta Services Inc | 0.7% | Added 645% | 88,892 | $64M |
| Mastec Inc | 0.6% | Added 684% | 143,731 | $59.8M |
| Nrg Energy Inc. | 0.6% | Added 2.6% | 405,440 | $59.2M |
| Ge Vernova Inc | 0.6% | Added 1333% | 49,201 | $57.8M |
| Kodiak Gas Services Inc | 0.6% | Added 5.8% | 768,470 | $57.7M |
| EC Evergy Inc Com | 0.5% | Trimmed 52% | 614,254 | $53.1M |
| Sunoco LP | 0.5% | Trimmed 4.5% | 778,973 | $52.6M |
| Centerpoint Energy Inc | 0.5% | Added 42% | 1,100,699 | $48.5M |
| Talen Energy Corp. | 0.5% | Trimmed 10% | 125,132 | $48.1M |
| Nisource Inc | 0.5% | Added 43% | 992,110 | $47.2M |
| Excelerate Energy Inc. | 0.5% | Trimmed 1.4% | 1,166,178 | $44.3M |
| AE American Elec Pwr Co Inc Com | 0.4% | New | 308,617 | $42.2M |
| Valero Energy Corp | 0.4% | Trimmed 5.1% | 158,847 | $41.4M |
| Marathon Petroleum Corp | 0.4% | Trimmed 5.0% | 161,222 | $41.2M |
| Eqt Corp | 0.4% | Added 11% | 767,234 | $40.8M |
| South Bow Corp | 0.3% | Trimmed 1.7% | 943,552 | $33.3M |
| Vertiv Holdings Co | 0.3% | Added 168% | 96,196 | $32.2M |
| Micron Technology Inc | 0.3% | Added 20% | 27,310 | $31.5M |
| DE Dte Energy Co Com | 0.3% | Added 55% | 190,541 | $29M |
| Dell Technologies Inc | 0.3% | Added 2.0% | 62,504 | $27M |
| SC Sandisk Corp/de | 0.3% | Added 148% | 10,918 | $24.8M |
| Solaris Energy Infrastructure | 0.2% | New | 293,332 | $23.6M |
| OP Occidental Petroleum Corp | 0.2% | New | 477,971 | $23.2M |
| Diamondback Energy Inc | 0.2% | Added 155% | 131,944 | $23.2M |
| Ciena Corp | 0.2% | Added 84% | 46,850 | $23M |
| Western Digital Corp | 0.2% | Added 13% | 31,574 | $20.2M |
| ST Seagate Technology Holdings Pl | 0.2% | Added 9.1% | 20,722 | $20M |
| Myr Group Inc | 0.2% | Added 85% | 37,758 | $18.9M |
| Credo Technology Group Holding | 0.2% | Added 85% | 68,512 | $18.6M |
| DE Devon Energy Corporation | 0.2% | Added 161% | 443,670 | $18.3M |
| Kinetik Holdings Inc | 0.2% | Trimmed 0.9% | 364,543 | $17.6M |
| Antero Resources Corp | 0.2% | Added 36% | 499,277 | $17.5M |
| Nvent Electric PLC | 0.2% | Added 85% | 101,518 | $17.2M |
| Ovintiv Inc. | 0.2% | Added 39% | 318,847 | $16.8M |
| IH Innio Holding Gmbh | 0.1% | New | 365,036 | $14.4M |
| Dycom Industries Inc | 0.1% | Added 121% | 28,152 | $14.2M |
| Terawulf Inc | 0.1% | Added 85% | 555,552 | $13.7M |
Showing top 60 of 91 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 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Mplx LP | Trimmed | −2,760,115 | −$155M | 6.0% |
| EP Enterprise Products Partners L | Added | +3,775,362 | +$139M | 7.0% |
| Kinder Morgan Inc | Trimmed | −3,643,289 | −$116M | 1.4% |
| Venture Global Inc | New | +9,559,853 | +$106M | 1.1% |
| Western Midstream Partners LP | Trimmed | −2,273,474 | −$99.5M | 2.9% |
| Cheniere Energy Inc. | Added | +383,398 | +$91.6M | 7.1% |
| Clearway Energy, Inc. | Trimmed | −2,345,787 | −$80.2M | 0.1% |
| PA Plains All American Pipeline L | Added | +2,810,890 | +$62.6M | 3.1% |
| EC Entergy Corporation | Added | +522,925 | +$60.1M | 1.1% |
| EC Evergy Inc Com | Trimmed | −653,250 | −$56.5M | 0.5% |
Showing the 10 largest of 96 changes.
quarter ended March 31, 2026 · filed May 15, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Cheniere Energy Inc. | Added | +263,374 | +$74.7M | 7.6% |
| Tc Energy Corp. | Trimmed | −1,174,704 | −$73.5M | 5.2% |
| CE Constellation Energy Corp Com | Added | +181,621 | +$50.7M | 1.2% |
| SE Sempra Energy | Trimmed | −473,164 | −$46M | 1.1% |
| Kinder Morgan Inc | Trimmed | −1,298,928 | −$43.6M | 2.7% |
| Targa Resources Corp. | Added | +157,755 | +$39.6M | 9.3% |
| Marathon Petroleum Corp | Added | +141,988 | +$34.7M | 0.4% |
| Valero Energy Corp | Added | +136,119 | +$33.6M | 0.4% |
| O Oneok Inc | Added | +311,126 | +$28.1M | 5.7% |
| PA Plains All American Pipeline L | Added | +1,250,376 | +$27.9M | 2.5% |
Showing the 10 largest of 95 changes.
quarter ended December 31, 2025 · filed February 17, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Targa Resources Corp. | Added | +572,562 | +$106M | 8.0% |
| Cheniere Energy Inc. | Trimmed | −373,625 | −$72.6M | 5.7% |
| Western Midstream Partners LP | Added | +1,163,991 | +$46M | 4.3% |
| Venture Global Inc | Exited | −2,661,617 | −$37.8M | — |
| O Oneok Inc | Added | +491,950 | +$36.2M | 5.4% |
| Sunoco LP | Trimmed | −656,237 | −$34.4M | 0.5% |
| Dt Midstream Inc | Added | +285,770 | +$34.2M | 4.5% |
| WC Williams Cos Inc Com | Added | +375,147 | +$22.6M | 8.7% |
| Enbridge Inc | Trimmed | −425,277 | −$20.3M | 4.3% |
| CE Cheniere Energy Partners LP | Added | +298,566 | +$16M | 0.7% |
Showing the 10 largest of 89 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Hess Midstream LP | Trimmed | −2,455,947 | −$84.9M | 2.1% |
| Talen Energy Corp. | New | +100,603 | +$42.8M | 0.6% |
| Nrg Energy Inc. | New | +250,375 | +$40.5M | 0.5% |
| Energy Transfer LP | Added | +1,297,502 | +$22.3M | 8.5% |
| Expand Energy Corp | Added | +190,553 | +$20.2M | 0.4% |
| Mplx LP | Added | +329,642 | +$16.5M | 8.7% |
| Tc Energy Corp. | Added | +280,929 | +$15.3M | 6.4% |
| Dt Midstream Inc | Added | +133,168 | +$15.1M | 3.9% |
| Cheniere Energy Inc. | Trimmed | −55,207 | −$13M | 8.1% |
| CE Constellation Energy Corp Com | Added | +35,698 | +$11.7M | 0.8% |
Showing the 10 largest of 81 changes.
quarter ended June 30, 2025 · filed August 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Targa Resources Corp. | Trimmed | −1,282,515 | −$223M | 6.5% |
| O Oneok Inc | Trimmed | −2,041,933 | −$167M | 5.5% |
| Dt Midstream Inc | Added | +979,174 | +$108M | 3.7% |
| EC Evergy Inc Com | New | +1,269,067 | +$87.5M | 1.1% |
| Cheniere Energy Inc. | Trimmed | −261,326 | −$63.6M | 8.7% |
| PA Plains All American Pipeline L | Trimmed | −2,977,819 | −$54.6M | 2.3% |
| Enbridge Inc | Added | +1,056,245 | +$47.9M | 4.4% |
| Antero Midstream Corporation | Added | +1,610,005 | +$30.5M | 2.7% |
| NE Nextera Energy Inc Com | Trimmed | −439,103 | −$30.5M | — |
| WC Williams Cos Inc Com | Trimmed | −484,507 | −$30.4M | 8.9% |
Showing the 10 largest of 54 changes.
quarter ended March 31, 2025 · filed May 14, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Enlink Midstream, LLC | Exited | −10,958,740 | −$155M | — |
| O Oneok Inc | Added | +1,047,810 | +$104M | 8.6% |
| Targa Resources Corp. | Trimmed | −248,405 | −$49.8M | 10.0% |
| Antero Midstream Corporation | Added | +2,242,283 | +$40.4M | 2.0% |
| Venture Global Inc | New | +2,783,770 | +$28.7M | 0.3% |
| Dt Midstream Inc | Added | +282,870 | +$27.3M | 1.8% |
| SE Sempra Energy | Added | +380,970 | +$27.2M | 1.2% |
| Mplx LP | Trimmed | −504,539 | −$27M | 8.9% |
| Cheniere Energy Inc. | Trimmed | −95,167 | −$22M | 8.4% |
| Tc Energy Corp. | Added | +393,258 | +$18.6M | 5.0% |
Showing the 10 largest of 47 changes.
quarter ended December 31, 2024 · filed February 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Targa Resources Corp. | Trimmed | −334,834 | −$59.8M | 10.0% |
| NE Nextera Energy Inc Com | Trimmed | −740,792 | −$53.1M | 0.3% |
| WC Williams Cos Inc Com | Trimmed | −849,820 | −$46M | 7.9% |
| EC Exelon Corp Com | Exited | −1,071,586 | −$43.5M | — |
| O Oneok, Inc | Trimmed | −418,962 | −$42.1M | 7.9% |
| EI Edison Intl Com | Exited | −405,932 | −$35.4M | — |
| Hubbell Inc | Exited | −73,069 | −$31.3M | — |
| CE Constellation Energy Corp Com | Trimmed | −138,119 | −$30.9M | 0.5% |
| SC Sunrun Inc Com | Exited | −1,595,190 | −$28.8M | — |
| South Bow Corp | New | +1,195,892 | +$28.2M | 0.4% |
Showing the 10 largest of 79 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Tc Energy Corp. | Added | +5,755,983 | +$274M | 4.9% |
| Targa Resources Corp. | Trimmed | −1,541,351 | −$228M | 9.0% |
| PA Plains All American Pipeline, | Trimmed | −5,607,612 | −$97.4M | 3.0% |
| EM Equitrans Midstream Corporatio | Exited | −6,564,250 | −$85.2M | — |
| Enlink Midstream, LLC | Trimmed | −4,026,874 | −$58.4M | 1.9% |
| Enbridge Inc | Added | +1,258,608 | +$51.1M | 3.0% |
| Dt Midstream Inc | Added | +410,571 | +$32.3M | 1.5% |
| NE Nextera Energy Partners LP Com | Trimmed | −985,946 | −$27.2M | 0.3% |
| Te Connectivity Ltd | Exited | −169,880 | −$25.6M | — |
| Western Midstream Partners LP | Trimmed | −632,797 | −$24.2M | 3.9% |
Showing the 10 largest of 68 changes.
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