Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
26
Top-10 weight
68.21%
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.
17
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.
589.9
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TARGA RESOURCES CORP | — | 535,578 | $134.29M | 11.39% |
| 2 | WILLIAMS COS INC | — | 1,340,419 | $97.56M | 8.28% |
| 3 | CHENIERE ENERGY INC | — | 320,219 | $90.87M | 7.71% |
| 4 | TC ENERGY CORP | — | 1,449,522 | $90.74M | 7.70% |
| 5 | MLP | ET | 4,526,208 | $87.36M | 7.41% |
| 6 | KINDER MORGAN INC | — | 2,208,849 | $74.06M | 6.28% |
| 7 | ENBRIDGE INC | — | 1,074,682 | $58.18M | 4.94% |
| 8 | Enterprise Products Partners LP | — | 1,513,708 | $57.28M | 4.86% |
| 9 | MPLX LP PARTNERSHIP SHARES | MPLX US | 1,000,277 | $57.09M | 4.84% |
| 10 | ONEOK INC | — | 619,856 | $56.03M | 4.75% |
| 11 | DT MIDSTREAM INC | — | 404,586 | $54.49M | 4.62% |
| 12 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 1,987,158 | $48.25M | 4.09% |
| 13 | ANTERO MIDSTREAM CORP | — | 1,935,500 | $44.13M | 3.74% |
| 14 | GOLAR LNG LTD | GLNG | 709,073 | $38.37M | 3.26% |
| 15 | SEMPRA ENERGY | — | 256,097 | $24.88M | 2.11% |
| 16 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 1,073,431 | $23.97M | 2.03% |
| 17 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 553,849 | $22.80M | 1.93% |
| 18 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 557,485 | $21.67M | 1.84% |
| 19 | ALTAGAS LTD | — | 500,651 | $17.36M | 1.47% |
| 20 | SOUTH BOW CORP | — | 517,171 | $17.23M | 1.46% |
| 21 | ARKO PETROLEUM C | — | 900,900 | $16.12M | 1.37% |
| 22 | KINETIK HOLDINGS INC | — | 285,789 | $13.84M | 1.17% |
| 23 | KODIAK GAS SERVICES INC | — | 203,354 | $11.86M | 1.01% |
| 24 | NATL FUEL GAS CO | — | 124,827 | $11.73M | 1.00% |
| 25 | VOPAK | — | 112,069 | $6.07M | 0.51% |
| 26 | FIRST AM-TR OB-X | TMPXX | 1,622,360 | $1.62M | 0.14% |
| 27 | HESS MIDSTREAM LP - CLASS A CFD | — | -33 | -$825 | -0.00% |
| 28 | GOLAR LNG LTD | GLNG | -3,415 | -$606.16K | -0.05% |
| 29 | LNG A 2026-03-20 CALL 230 | — | -1,571 | -$651.96K | -0.06% |
| 30 | CFD_EQS FIN LEG TARGA RES | TRGP | -936 | -$702.00K | -0.06% |
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