Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
32
Top-10 weight
67.78%
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.
290.9
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MPLX LP PARTNERSHIP SHARES | MPLX US | 3,755,153 | $221.33M | 12.46% |
| 2 | MLP | ET | 10,918,992 | $205.71M | 11.58% |
| 3 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 8,171,574 | $170.87M | 9.62% |
| 4 | Enterprise Products Partners LP | — | 4,006,202 | $144.78M | 8.15% |
| 5 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 3,534,951 | $136.73M | 7.70% |
| 6 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 3,239,782 | $134.74M | 7.59% |
| 7 | SUNOCO LP PARTNERSHIP SHARES | SUN | 1,522,552 | $97.12M | 5.47% |
| 8 | DT MIDSTREAM INC | — | 480,636 | $66.73M | 3.76% |
| 9 | TARGA RESOURCES CORP | — | 270,348 | $63.75M | 3.59% |
| 10 | CHENIERE ENERGY INC | — | 226,551 | $53.40M | 3.01% |
| 11 | WILLIAMS COS INC | — | 659,352 | $49.27M | 2.77% |
| 12 | CHENIERE ENERGY PARTNERS LP PARTNERSHIP SHARES | CQP | 740,644 | $45.40M | 2.56% |
| 13 | KINETIK HOLDINGS INC | — | 979,889 | $44.58M | 2.51% |
| 14 | SunocoCorp LLC COM SHS LLC | SUNC US | 715,349 | $42.84M | 2.41% |
| 15 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 2,367,656 | $42.76M | 2.41% |
| 16 | ONEOK INC | — | 496,778 | $41.12M | 2.32% |
| 17 | KODIAK GAS SERVICES INC | — | 749,677 | $40.91M | 2.30% |
| 18 | USA COMPRESSION PARTNERS LP PARTNERSHIP SHARES | USAC | 1,454,433 | $39.74M | 2.24% |
| 19 | ARCHROCK INC | — | 867,297 | $30.64M | 1.73% |
| 20 | GLOBAL PARTNERS LP PARTNERSHIP SHARES | GLP | 564,044 | $26.50M | 1.49% |
| 21 | ENBRIDGE INC | — | 460,021 | $24.44M | 1.38% |
| 22 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 456,998 | $23.73M | 1.34% |
| 23 | Suburban Propane Partners LP / Suburban Energy Finance Corporation UNIT LTD PARTNERSHIP INT | SPH | 1,161,944 | $23.59M | 1.33% |
| 24 | NGL ENERGY PARTNERS LP PARTNERSHIP SHARES | NGL | 1,754,434 | $21.05M | 1.19% |
| 25 | KINDER MORGAN INC | — | 605,755 | $20.15M | 1.13% |
| 26 | BKV CORPORATION | — | 635,154 | $19.90M | 1.12% |
| 27 | TC ENERGY CORP | — | 295,307 | $18.98M | 1.07% |
| 28 | PEMBINA PIPELINE | — | 324,972 | $14.28M | 0.80% |
| 29 | MONEYMKT | FGTXX | 13,956,949 | $13.96M | 0.79% |
| 30 | ROCKPOINT GAS STORAGE INC COMMON STOCK NPV | RGSI CN | 600,569 | $12.49M | 0.70% |
| 31 | ANTERO MIDSTREAM CORP | — | 430,943 | $9.69M | 0.55% |
| 32 | EXPAND ENERGY CORP | — | 88,593 | $9.56M | 0.54% |
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