Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
43
Top-10 weight
49.10%
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.
26
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.
929.7
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | NEXTERA ENERGY INC | — | 8,300,000 | $770.90M | 9.95% |
| 2 | ENTERGY CORP | — | 4,100,000 | $460.68M | 5.95% |
| 3 | SEMPRA ENERGY | — | 3,977,900 | $386.53M | 4.99% |
| 4 | SOUTHERN CO | — | 4,000,000 | $386.08M | 4.98% |
| 5 | EVERGY INC | — | 4,150,000 | $339.97M | 4.39% |
| 6 | DUKE ENERGY CORP NEW | — | 2,550,000 | $333.90M | 4.31% |
| 7 | CONSTELLATION ENERGY CORP | — | 1,050,000 | $293.21M | 3.78% |
| 8 | VISTRA CORP | — | 1,900,000 | $285.63M | 3.69% |
| 9 | PG&E CORP | — | 15,800,000 | $277.61M | 3.58% |
| 10 | NISOURCE INC | — | 5,700,000 | $265.96M | 3.43% |
| 11 | EXELON CORP | — | 5,300,000 | $259.81M | 3.35% |
| 12 | PPL CORPORATION | — | 6,800,000 | $259.76M | 3.35% |
| 13 | ALLIANT ENERGY CORPORATION | — | 3,500,000 | $251.16M | 3.24% |
| 14 | AMEREN CORP | — | 2,200,000 | $241.82M | 3.12% |
| 15 | CENTERPOINT ENERGY INC | — | 4,800,000 | $207.17M | 2.67% |
| 16 | XCEL ENERGY INC | — | 2,500,000 | $198.60M | 2.56% |
| 17 | DTE ENERGY CO | — | 1,300,000 | $190.09M | 2.45% |
| 18 | EDISON INTL | — | 2,500,000 | $182.95M | 2.36% |
| 19 | PUB SERV ENTERP | — | 2,050,000 | $165.95M | 2.14% |
| 20 | FIRSTENERGY CORP | — | 3,200,000 | $162.11M | 2.09% |
| 21 | WEC ENERGY GROUP INC | — | 1,100,000 | $127.35M | 1.64% |
| 22 | CMS ENERGY CORP | — | 1,600,000 | $124.13M | 1.60% |
| 23 | DOMINION ENERGY INC | — | 2,000,000 | $123.64M | 1.60% |
| 24 | DRAX GROUP PLC | — | 10,000,000 | $118.18M | 1.53% |
| 25 | NRG ENERGY INC | — | 800,000 | $116.91M | 1.51% |
| 26 | E.ON SE | — | 5,000,000 | $109.51M | 1.41% |
| 27 | OGE ENERGY CORP | — | 2,181,395 | $104.62M | 1.35% |
| 28 | PINNACLE WEST CAPITAL CORP | — | 1,000,000 | $100.75M | 1.30% |
| 29 | NORTHWESTERN ENERGY GROUP INC | — | 1,400,000 | $92.32M | 1.19% |
| 30 | TARGA RESOURCES CORP | — | 350,000 | $87.76M | 1.13% |
| 31 | DT MIDSTREAM INC | — | 650,000 | $87.54M | 1.13% |
| 32 | AMERICAN ELECTRIC POWER CO INC | — | 600,000 | $78.65M | 1.02% |
| 33 | UNITED UTILITIES | — | 4,000,000 | $69.74M | 0.90% |
| 34 | EVERSOURCE ENERGY | — | 1,000,000 | $69.28M | 0.89% |
| 35 | NATIONAL GRID PL | — | 4,000,000 | $67.52M | 0.87% |
| 36 | WILLIAMS COS INC | — | 900,000 | $65.50M | 0.85% |
| 37 | ONE GAS INC | — | 700,000 | $60.29M | 0.78% |
| 38 | ESSENTIAL UTILITIES INC | — | 1,250,000 | $50.34M | 0.65% |
| 39 | CLEARWAY ENERGY INC CL C | — | 1,200,000 | $47.15M | 0.61% |
| 40 | TXNM ENERGY INC | — | 800,000 | $46.77M | 0.60% |
| 41 | Franklin Institutional US Government Money Market Fund | INFXX | 37,101,040 | $37.10M | 0.48% |
| 42 | BLACK HILLS CORP | — | 500,000 | $34.70M | 0.45% |
| 43 | POUND STERLING | — | 212 | $281 | 0.00% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.