Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
25
Top-10 weight
60.86%
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.
484.7
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ENBRIDGE INC | — | 612,984 | $32.57M | 8.17% |
| 2 | MLP | ET | 1,689,143 | $31.82M | 7.98% |
| 3 | Enterprise Products Partners LP | — | 793,205 | $28.67M | 7.19% |
| 4 | WILLIAMS COS INC | — | 342,235 | $25.57M | 6.42% |
| 5 | TARGA RESOURCES CORP | — | 91,447 | $21.56M | 5.41% |
| 6 | KINDER MORGAN INC | — | 632,970 | $21.06M | 5.28% |
| 7 | CHENIERE ENERGY INC | — | 88,553 | $20.87M | 5.24% |
| 8 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 905,574 | $20.41M | 5.12% |
| 9 | TC ENERGY CORP | — | 312,519 | $20.08M | 5.04% |
| 10 | DT MIDSTREAM INC | — | 142,008 | $19.72M | 4.95% |
| 11 | KEYERA CORP | — | 503,017 | $19.20M | 4.82% |
| 12 | ONEOK INC | — | 230,595 | $19.09M | 4.79% |
| 13 | PEMBINA PIPELINE | — | 433,475 | $19.05M | 4.78% |
| 14 | MPLX LP PARTNERSHIP SHARES | MPLX US | 312,107 | $18.40M | 4.62% |
| 15 | ANTERO MIDSTREAM CORP | — | 733,713 | $16.49M | 4.14% |
| 16 | SOUTH BOW CORP | — | 458,311 | $14.74M | 3.70% |
| 17 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 299,850 | $12.47M | 3.13% |
| 18 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 283,489 | $10.97M | 2.75% |
| 19 | GIBSON ENERGY | — | 359,784 | $7.73M | 1.94% |
| 20 | VENTURE GLOBAL INC | — | 770,120 | $7.46M | 1.87% |
| 21 | KINETIK HOLDINGS INC | — | 100,927 | $4.59M | 1.15% |
| 22 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 131,853 | $2.38M | 0.60% |
| 23 | NEXTDECADE CORP | — | 281,068 | $1.51M | 0.38% |
| 24 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 23,739 | $1.23M | 0.31% |
| 25 | State Street Institutional Treasury Plus Money Market Fund- Premier Class | — | 513,990 | $513.99K | 0.13% |
| 26 | US ULTRA BOND CBT Sep25 | — | 0 | $0 | 0.00% |
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