Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (28 quarters reported)
$22.1M in Q2 2015 → $497M now. Hover for any quarter.
As reported for the quarter ended March 31, 2024. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| WC Williams Cos Inc Com | 7.6% | Trimmed 13% | 962,727 | $37.5M |
| O Oneok, Inc | 7.3% | Trimmed 22% | 453,260 | $36.3M |
| Enbridge Inc | 7.3% | Trimmed 12% | 1,003,379 | $36.3M |
| Tc Energy Corp. | 7.1% | Trimmed 16% | 878,332 | $35.3M |
| Cheniere Energy Inc. | 7.0% | Added 1.3% | 216,193 | $34.9M |
| Kinder Morgan Inc | 6.6% | Trimmed 14% | 1,794,668 | $32.9M |
| Targa Resources Corp. | 4.1% | Trimmed 27% | 179,849 | $20.1M |
| EP Enterprise Products Partners L | 3.9% | Trimmed 16% | 669,875 | $19.5M |
| ET Energy Transfer LP | 3.9% | Trimmed 21% | 1,238,052 | $19.5M |
| Atmos Energy Corp | 3.9% | Trimmed 12% | 162,817 | $19.4M |
| Nisource Inc | 3.9% | Trimmed 15% | 691,842 | $19.1M |
| Pembina Pipeline Corp | 3.8% | Trimmed 16% | 533,672 | $18.8M |
| Mplx LP | 3.0% | Trimmed 22% | 363,384 | $15.1M |
| EM Equitrans Midstream Corporatio | 1.8% | Trimmed 15% | 725,054 | $9.06M |
| PA Plains All American Pipeline, | 1.7% | Trimmed 22% | 472,495 | $8.3M |
| National Fuel Gas Co | 1.7% | Trimmed 15% | 154,174 | $8.28M |
| Antero Midstream Corporation | 1.6% | Trimmed 15% | 569,981 | $8.01M |
| Southwest Gas Corporation | 1.5% | Trimmed 15% | 100,539 | $7.65M |
| NJ New Jersey Resources Corporati | 1.4% | Trimmed 15% | 164,510 | $7.06M |
| Western Midstream Partners LP | 1.4% | Trimmed 22% | 196,775 | $7M |
| Dt Midstream Inc | 1.2% | Trimmed 22% | 100,557 | $6.14M |
| One Gas, Inc. | 1.2% | Trimmed 15% | 92,801 | $5.99M |
| Spire Inc | 1.1% | Trimmed 11% | 92,013 | $5.65M |
| Enlink Midstream, LLC | 1.1% | Trimmed 15% | 397,556 | $5.42M |
| Archrock, Inc. | 0.9% | Trimmed 15% | 229,821 | $4.52M |
| Ecolab Inc. | 0.8% | Trimmed 7.3% | 17,446 | $4.03M |
| CU Chesapeake Utilities Corporati | 0.8% | Trimmed 13% | 37,210 | $3.99M |
| Xylem Inc. | 0.8% | Trimmed 8.5% | 30,866 | $3.99M |
| PG Plains Gp Holdings, L.p. | 0.7% | Trimmed 22% | 203,680 | $3.72M |
| S Sunoco LP | 0.7% | Trimmed 22% | 57,535 | $3.47M |
| New Fortress Energy Inc. | 0.7% | Trimmed 15% | 109,797 | $3.36M |
| AW American Wtr Wks Co Inc New Co | 0.7% | Added 1.2% | 27,300 | $3.34M |
| Hess Midstream LP | 0.6% | Trimmed 8.4% | 82,821 | $2.99M |
| Nustar Energy L.p. | 0.6% | Trimmed 22% | 117,496 | $2.73M |
| Veralto Corp | 0.5% | New | 30,748 | $2.73M |
| Kinetik Holdings Inc | 0.5% | Added 32% | 58,286 | $2.32M |
| Northwest Natural Holding Co. | 0.5% | Trimmed 15% | 61,547 | $2.29M |
| Pentair Inc | 0.5% | Trimmed 8.6% | 26,272 | $2.24M |
| Advanced Drainage Systems Inc | 0.4% | Trimmed 6.3% | 12,731 | $2.19M |
| A O Smith | 0.4% | Trimmed 1.1% | 24,078 | $2.15M |
| Idex Corporation | 0.4% | Trimmed 6.0% | 8,773 | $2.14M |
| Cheniere Energy Partners LP | 0.4% | Trimmed 17% | 39,230 | $1.94M |
| Tetra Tech, Inc. | 0.4% | Trimmed 0.7% | 10,481 | $1.94M |
| Core & Main Inc | 0.4% | Added 36% | 33,438 | $1.91M |
| Stantec Inc. | 0.4% | Added 1.6% | 22,360 | $1.86M |
| Essential Utilities Inc | 0.4% | Trimmed 1.1% | 49,288 | $1.83M |
| UC Usa Compression Partners LP | 0.3% | Trimmed 22% | 61,160 | $1.63M |
| GE Genesis Energy L.p. | 0.3% | Trimmed 22% | 115,526 | $1.28M |
| Global Partners LP | 0.3% | Trimmed 22% | 28,555 | $1.27M |
| Watts Water Technologies, Inc. | 0.2% | Trimmed 1.1% | 5,365 | $1.14M |
| Badger Meter, Inc. | 0.2% | Trimmed 1.1% | 5,753 | $931K |
| ZE Zurn Elkay Water Solutions Cor | 0.2% | Trimmed 1.6% | 27,647 | $925K |
| Franklin Electric Co Inc | 0.2% | Trimmed 1.1% | 7,776 | $831K |
| California Water Service Group | 0.1% | Trimmed 1.1% | 11,313 | $526K |
| Mueller Water Products, Inc. | 0.1% | Trimmed 1.3% | 30,615 | $493K |
| Kodiak Gas Services Inc | 0.1% | Trimmed 22% | 16,855 | $461K |
| Crossamerica Partners LP | 0.1% | Trimmed 22% | 18,900 | $431K |
| Delek Logistics Partners LP | 0.1% | Trimmed 22% | 9,042 | $371K |
| S Sjw Corp | 0.1% | Trimmed 1.1% | 5,696 | $322K |
| Excelerate Energy Inc. | 0.1% | Trimmed 22% | 18,518 | $297K |
Showing top 60 of 64 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended March 31, 2024 · filed May 10, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| O Oneok, Inc | Trimmed | −125,198 | −$10M | 7.3% |
| Targa Resources Corp. | Trimmed | −66,837 | −$7.49M | 4.1% |
| Tc Energy Corp. | Trimmed | −166,432 | −$6.69M | 7.1% |
| WC Williams Cos Inc Com | Trimmed | −142,379 | −$5.55M | 7.6% |
| Kinder Morgan Inc | Trimmed | −295,538 | −$5.42M | 6.6% |
| ET Energy Transfer LP | Trimmed | −328,990 | −$5.18M | 3.9% |
| Enbridge Inc | Trimmed | −132,468 | −$4.79M | 7.3% |
| Mplx LP | Trimmed | −99,889 | −$4.15M | 3.0% |
| EP Enterprise Products Partners L | Trimmed | −125,746 | −$3.67M | 3.9% |
| Pembina Pipeline Corp | Trimmed | −100,974 | −$3.56M | 3.8% |
Showing the 10 largest of 65 changes.
quarter ended December 31, 2023 · filed February 14, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CE Crestwood Equity Partners LP | Exited | −102,321 | −$2.99M | — |
| Enbridge Inc | Added | +79,904 | +$2.88M | 7.6% |
| Nisource Inc | Added | +86,997 | +$2.31M | 4.0% |
| EP Enterprise Products Partners LP | Added | +85,851 | +$2.26M | 3.9% |
| ET Energy Transfer LP | Added | +160,341 | +$2.21M | 4.0% |
| O Oneok, Inc | Added | +27,753 | +$1.95M | 7.5% |
| Mplx LP | Added | +52,790 | +$1.94M | 3.2% |
| Tc Energy Corp. | Added | +43,084 | +$1.68M | 7.6% |
| Kinder Morgan Inc | Added | +83,509 | +$1.47M | 6.9% |
| Targa Resources Corp. | Added | +16,456 | +$1.43M | 4.0% |
Showing the 10 largest of 65 changes.
quarter ended September 30, 2023 · filed November 13, 2023
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| MM Magellan Midstream Partners, LP | Exited | −190,234 | −$11.9M | — |
| O Oneok, Inc | Added | +77,408 | +$4.91M | 7.3% |
| Cheniere Energy Inc. | Trimmed | −26,893 | −$4.46M | 7.4% |
| Tc Energy Corp. | Added | +121,669 | +$4.19M | 7.2% |
| Targa Resources Corp. | Trimmed | −38,360 | −$3.29M | 4.1% |
| Enbridge Inc | Added | +88,860 | +$2.95M | 7.3% |
| WC Williams Cos Inc | Trimmed | −83,066 | −$2.8M | 7.6% |
| Mplx LP | Added | +71,217 | +$2.53M | 3.0% |
| PA Plains All American Pipeline | Added | +111,019 | +$1.7M | 1.7% |
| ET Energy Transfer LP | Trimmed | −108,646 | −$1.52M | 4.1% |
Showing the 10 largest of 67 changes.
quarter ended June 30, 2023 · filed August 14, 2023
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| WC Williams Cos Inc | Trimmed | −138,225 | −$4.51M | 7.8% |
| DM Dcp Midstream LP | Exited | −96,020 | −$4.01M | — |
| Tc Energy Corp. | Trimmed | −98,738 | −$3.99M | 7.3% |
| Kinder Morgan Inc | Trimmed | −157,219 | −$2.71M | 7.3% |
| Enbridge Inc | Trimmed | −65,776 | −$2.44M | 7.3% |
| Atmos Energy Corp | Trimmed | −20,793 | −$2.42M | 4.0% |
| O Oneok, Inc | Trimmed | −32,459 | −$2M | 6.0% |
| EP Enterprise Products Partners LP | Trimmed | −65,078 | −$1.71M | 4.0% |
| MM Magellan Midstream Partners, LP | Trimmed | −24,369 | −$1.52M | 2.4% |
| EW Evoqua Water Technologies Corp | Exited | −26,675 | −$1.33M | — |
Showing the 10 largest of 67 changes.
quarter ended March 31, 2023 · filed May 11, 2023
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Targa Resources Corp. | Trimmed | −63,757 | −$4.65M | 3.8% |
| ET Energy Transfer LP | Trimmed | −352,751 | −$4.4M | 3.8% |
| Enterprise Products Partners L.p. | Trimmed | −165,496 | −$4.29M | 4.0% |
| Enbridge Inc | Trimmed | −79,437 | −$3.03M | 7.5% |
| Nisource Inc | Trimmed | −80,117 | −$2.24M | 4.1% |
| Kinder Morgan Inc | Trimmed | −126,142 | −$2.21M | 7.5% |
| Mplx LP | Trimmed | −57,457 | −$1.98M | 2.5% |
| O Oneok, Inc | Trimmed | −29,679 | −$1.89M | 6.1% |
| Tc Energy Corp. | Trimmed | −48,268 | −$1.88M | 7.3% |
| MM Magellan Midstream Partners, LP | Trimmed | −32,603 | −$1.77M | 2.2% |
Showing the 10 largest of 67 changes.
quarter ended December 31, 2022 · filed February 13, 2023
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Energy Recovery Inc | Added | +3,744 | +$9.45M | 7.6% |
| Cheniere Energy Partners LP | Added | +9,597 | +$7.95M | 6.4% |
| Tetra Tech, Inc. | Trimmed | −2,264 | −$6.05M | 7.2% |
| Tc Energy Corp. | Added | +143,421 | +$3.49M | 4.4% |
| Badger Meter, Inc. | Trimmed | −1,376 | −$3.38M | 3.9% |
| Kinetik Holdings Inc | Added | +3,228 | +$3.05M | 7.5% |
| O Oneok, Inc | Added | +161,966 | +$2.7M | 1.6% |
| S Sjw Corp | New | +8,222 | +$2.25M | 0.4% |
| Enterprise Products Partners L.p. | Trimmed | −294,972 | −$1.99M | 1.2% |
| SM Shell Midstream Partners LP | Exited | −114,498 | −$1.81M | — |
Showing the 10 largest of 81 changes.
quarter ended September 30, 2022 · filed November 14, 2022
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Tc Energy Corp. | Added | +109,585 | +$4.42M | 6.9% |
| Enbridge Inc | Added | +64,880 | +$2.41M | 7.4% |
| Pembina Pipeline Corp | Added | +79,081 | +$2.4M | 3.8% |
| Advanced Drainage Systems Inc | New | +17,847 | +$2.22M | 0.4% |
| Pentair Inc | Exited | −41,293 | −$1.89M | — |
| Atmos Energy Corp | Trimmed | −18,361 | −$1.87M | 3.8% |
| WC Williams Cos Inc | Added | +57,872 | +$1.66M | 7.1% |
| Kinder Morgan Inc | Added | +85,986 | +$1.43M | 7.3% |
| Idex Corporation | Added | +6,499 | +$1.3M | 0.7% |
| Enterprise Products Partners L.p. | Trimmed | −52,819 | −$1.26M | 5.9% |
Showing the 10 largest of 112 changes.
quarter ended June 30, 2022 · filed August 10, 2022
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Tc Energy Corp. | Added | +67,745 | +$3.51M | 7.6% |
| Enbridge Inc | Added | +72,842 | +$3.08M | 7.7% |
| Atmos Energy Corp | Added | +23,364 | +$2.62M | 4.4% |
| Nisource Inc | Added | +73,627 | +$2.17M | 4.3% |
| O Oneok, Inc | Added | +38,891 | +$2.16M | 3.7% |
| Kinder Morgan Inc | Added | +121,207 | +$2.03M | 6.8% |
| Cheniere Energy Inc. | Added | +15,265 | +$2.03M | 6.6% |
| Enterprise Products Partners L.p. | Added | +59,796 | +$1.46M | 6.1% |
| Kinetik Holdings Inc | Added | +33,422 | +$1.14M | 0.3% |
| Southwest Gas Corporation | Added | +12,724 | +$1.11M | 2.5% |
Showing the 10 largest of 111 changes.
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