Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
27
Top-10 weight
61.21%
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.
20
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.
473.8
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MLP | ET | 2,216,638 | $41.76M | 8.85% |
| 2 | ENBRIDGE INC | — | 686,466 | $36.47M | 7.73% |
| 3 | TARGA RESOURCES CORP | — | 140,097 | $33.03M | 7.00% |
| 4 | DT MIDSTREAM INC | — | 226,818 | $31.49M | 6.67% |
| 5 | MPLX LP PARTNERSHIP SHARES | MPLX US | 479,672 | $28.27M | 5.99% |
| 6 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 1,148,308 | $25.88M | 5.48% |
| 7 | WILLIAMS COS INC | — | 338,442 | $25.29M | 5.36% |
| 8 | CHENIERE ENERGY INC | — | 97,702 | $23.03M | 4.88% |
| 9 | TC ENERGY CORP | — | 351,381 | $22.58M | 4.78% |
| 10 | Enterprise Products Partners LP | — | 619,673 | $22.39M | 4.75% |
| 11 | KEYERA CORP | — | 524,900 | $20.03M | 4.25% |
| 12 | PEMBINA PIPELINE | — | 454,866 | $19.99M | 4.24% |
| 13 | ONEOK INC | — | 240,972 | $19.95M | 4.23% |
| 14 | KINDER MORGAN INC | — | 571,896 | $19.03M | 4.03% |
| 15 | SOUTH BOW CORP | — | 542,931 | $17.49M | 3.71% |
| 16 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 400,968 | $15.51M | 3.29% |
| 17 | ANTERO MIDSTREAM CORP | — | 667,833 | $15.01M | 3.18% |
| 18 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 255,086 | $10.61M | 2.25% |
| 19 | KINETIK HOLDINGS INC | — | 208,110 | $9.47M | 2.01% |
| 20 | GIBSON ENERGY | — | 333,415 | $7.16M | 1.52% |
| 21 | BKV CORPORATION | — | 185,052 | $5.80M | 1.23% |
| 22 | KODIAK GAS SERVICES INC | — | 93,050 | $5.08M | 1.08% |
| 23 | ARCHROCK INC | — | 140,689 | $4.97M | 1.05% |
| 24 | USA COMPRESSION PARTNERS LP PARTNERSHIP SHARES | USAC | 173,071 | $4.73M | 1.00% |
| 25 | VENTURE GLOBAL INC | — | 348,973 | $3.38M | 0.72% |
| 26 | ROCKPOINT GAS STORAGE INC COMMON STOCK NPV | RGSI CN | 152,189 | $3.16M | 0.67% |
| 27 | EXPAND ENERGY CORP | — | 23,807 | $2.57M | 0.54% |
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