Portfolio concentration
As of February 28, 2026 ·
N-PORT
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.
10
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.
138.2
Holdings
As of February 28, 2026 · N-PORT
| # | Security | Ticker | Shares | Value | % of fund |
|---|
| 1 |
PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES |
PAA |
76,932,351 |
$1.61B |
13.61% |
| 2 |
SUNOCO LP PARTNERSHIP SHARES |
SUN |
25,169,730 |
$1.61B |
13.58% |
| 3 |
MLP |
ET |
82,386,451 |
$1.55B |
13.13% |
| 4 |
Enterprise Products Partners LP |
— |
41,968,075 |
$1.52B |
12.83% |
| 5 |
MPLX LP PARTNERSHIP SHARES |
MPLX US |
24,817,286 |
$1.46B |
12.37% |
| 6 |
WESTERN MIDSTREAM PARTNERS LP MLP |
WES US |
35,074,846 |
$1.46B |
12.34% |
| 7 |
HESS MIDSTREAM LP - CLASS A COMMON STOCK |
HESM |
30,254,788 |
$1.17B |
9.90% |
| 8 |
CHENIERE ENERGY PARTNERS LP PARTNERSHIP SHARES |
CQP |
9,451,919 |
$579.40M |
4.90% |
| 9 |
USA COMPRESSION PARTNERS LP PARTNERSHIP SHARES |
USAC |
17,979,916 |
$491.21M |
4.15% |
| 10 |
GENESIS ENERGY L.P. PARTNERSHIP SHARES |
GEL |
25,054,477 |
$452.48M |
3.83% |
| 11 |
Suburban Propane Partners LP / Suburban Energy Finance Corporation UNIT LTD PARTNERSHIP INT |
SPH |
15,247,700 |
$309.53M |
2.62% |
| 12 |
GLOBAL PARTNERS LP PARTNERSHIP SHARES |
GLP |
6,078,136 |
$285.55M |
2.42% |
| 13 |
DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES |
DKL |
4,515,317 |
$234.48M |
1.98% |
| 14 |
State Street Institutional Treasury Plus Money Market Fund- Premier Class |
— |
3,166,201 |
$3.17M |
0.03% |
Machine-readable:
JSON ·
Markdown.
Programmatic access via the agent surface.