Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
27
Top-10 weight
59.88%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
19
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
476.4
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ENBRIDGE INC | — | 233,372 | $12.65M | 8.10% |
| 2 | MLP | ET | 635,982 | $12.27M | 7.86% |
| 3 | Enterprise Products Partners LP | — | 297,915 | $11.27M | 7.22% |
| 4 | WILLIAMS COS INC | — | 130,309 | $9.48M | 6.07% |
| 5 | CHENIERE ENERGY INC | — | 29,875 | $8.48M | 5.43% |
| 6 | ONEOK INC | — | 89,307 | $8.07M | 5.17% |
| 7 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 329,194 | $7.99M | 5.12% |
| 8 | TARGA RESOURCES CORP | — | 31,842 | $7.98M | 5.11% |
| 9 | KINDER MORGAN INC | — | 227,359 | $7.62M | 4.88% |
| 10 | PEMBINA PIPELINE | — | 170,288 | $7.62M | 4.88% |
| 11 | DT MIDSTREAM INC | — | 55,914 | $7.53M | 4.82% |
| 12 | TC ENERGY CORP | — | 120,070 | $7.52M | 4.81% |
| 13 | MPLX LP PARTNERSHIP SHARES | MPLX US | 129,964 | $7.42M | 4.75% |
| 14 | KEYERA CORP | — | 173,602 | $6.72M | 4.30% |
| 15 | ANTERO MIDSTREAM CORP | — | 250,762 | $5.72M | 3.66% |
| 16 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 131,525 | $5.41M | 3.47% |
| 17 | SOUTH BOW CORP | — | 158,168 | $5.26M | 3.37% |
| 18 | VENTURE GLOBAL INC | — | 265,770 | $4.19M | 2.68% |
| 19 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 97,925 | $3.81M | 2.44% |
| 20 | GIBSON ENERGY | — | 124,101 | $2.65M | 1.69% |
| 21 | KINETIK HOLDINGS INC | — | 35,253 | $1.71M | 1.09% |
| 22 | SELECT WATER SOLUTIONS INC CL A | — | 83,090 | $1.27M | 0.81% |
| 23 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 58,862 | $1.05M | 0.67% |
| 24 | NGL ENERGY PARTNERS LP PARTNERSHIP SHARES | NGL | 62,200 | $766.93K | 0.49% |
| 25 | NEXTDECADE CORP | — | 96,995 | $742.98K | 0.48% |
| 26 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 10,390 | $517.01K | 0.33% |
| 27 | State Street Institutional Treasury Plus Money Market Fund- Premier Class | — | 349,809 | $349.81K | 0.22% |
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