Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
36
Top-10 weight
44.19%
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.
29
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.
716.1
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | NEXTERA ENERGY INC | — | 107,657 | $10.00M | 7.68% |
| 2 | UNION PACIFIC CORP | — | 26,862 | $6.52M | 5.01% |
| 3 | WILLIAMS COS INC | — | 84,339 | $6.14M | 4.72% |
| 4 | TC ENERGY CORP | — | 85,349 | $5.34M | 4.11% |
| 5 | AENA SME SA | — | 176,764 | $5.23M | 4.02% |
| 6 | CSX CORP | — | 120,046 | $4.93M | 3.79% |
| 7 | Grupo Aeroportuario del Pacifico S.A. de C.V. (B Shares) | GPAEF | 199,971 | $4.93M | 3.78% |
| 8 | NATIONAL GRID PL | — | 285,298 | $4.82M | 3.70% |
| 9 | PG&E CORP | — | 273,926 | $4.81M | 3.70% |
| 10 | SEMPRA ENERGY | — | 48,870 | $4.75M | 3.65% |
| 11 | CROWN CASTLE INC | — | 51,662 | $4.20M | 3.23% |
| 12 | CHENIERE ENERGY INC | — | 14,106 | $4.00M | 3.08% |
| 13 | TARGA RESOURCES CORP | — | 15,431 | $3.87M | 2.97% |
| 14 | FIRSTENERGY CORP | — | 75,001 | $3.80M | 2.92% |
| 15 | CENTERPOINT ENERGY INC | — | 84,039 | $3.63M | 2.79% |
| 16 | NISOURCE INC | — | 76,057 | $3.55M | 2.73% |
| 17 | INTL CONTAINER TERM SVCS INC COMMON STOCK | ICT | 301,838 | $3.42M | 2.63% |
| 18 | CMS ENERGY CORP | — | 43,527 | $3.38M | 2.60% |
| 19 | SOUTHWEST GAS HOLDINGS INC | — | 37,493 | $3.26M | 2.50% |
| 20 | EVERGY INC | — | 38,140 | $3.12M | 2.40% |
| 21 | EQUATORIAL SA - | — | 395,297 | $3.12M | 2.40% |
| 22 | EQUINIX INC | — | 2,927 | $2.87M | 2.20% |
| 23 | Groupe Eurotunnel SA | GRPTF | 129,605 | $2.80M | 2.15% |
| 24 | EAST JAPAN RAIL | — | 122,150 | $2.79M | 2.15% |
| 25 | JAPAN AIR TERMIN | — | 82,009 | $2.72M | 2.09% |
| 26 | EVERSOURCE ENERGY | — | 38,725 | $2.68M | 2.06% |
| 27 | GUANGDONG INVESTMENTS LTD | 270 | 2,607,341 | $2.61M | 2.01% |
| 28 | SSE PLC | — | 73,423 | $2.54M | 1.95% |
| 29 | PENNON GRP PLC | — | 357,824 | $2.52M | 1.94% |
| 30 | ITALGAS SPA | — | 184,252 | $2.15M | 1.65% |
| 31 | IDACORP INC | — | 14,972 | $2.14M | 1.64% |
| 32 | ELIA GROUP SA/NV | — | 12,824 | $1.97M | 1.51% |
| 33 | RUMO SA | — | 573,725 | $1.81M | 1.39% |
| 34 | CELLNEX TELECOM | — | 48,166 | $1.55M | 1.19% |
| 35 | KUNLUN ENERGY | — | 1,355,447 | $1.24M | 0.95% |
| 36 | FIRST AM-TR OB-X | TMPXX | 842,722 | $842.72K | 0.65% |
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