Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
33
Top-10 weight
64.62%
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.
18
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.
548.5
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MLP | ET | 214,900 | $4.15M | 9.11% |
| 2 | AT&T INC | — | 142,500 | $4.13M | 9.07% |
| 3 | Enterprise Products Partners LP | — | 100,000 | $3.78M | 8.31% |
| 4 | VICI PROPERTIES | — | 132,500 | $3.62M | 7.95% |
| 5 | FRANKLIN BSP REALTY TRUST INC | — | 405,419 | $3.44M | 7.56% |
| 6 | BLACKSTONE MORTGAGE TR CL A | — | 122,500 | $2.35M | 5.15% |
| 7 | KINDER MORGAN INC | — | 65,000 | $2.18M | 4.79% |
| 8 | KIMBELL ROYALTY PARTNERS LP 0.00000000 | KRP | 137,500 | $1.99M | 4.37% |
| 9 | ATN INTERNATIONAL INC | — | 71,221 | $1.94M | 4.26% |
| 10 | XPLR INFRASTRUCTURE LP COMMON STOCK | XIFR | 175,000 | $1.86M | 4.08% |
| 11 | DANA INC | — | 52,500 | $1.77M | 3.88% |
| 12 | DIGITALBRIDGE GROUP INC SER H 7.125% PERP PFD | DBRG H | 90,266 | $1.46M | 3.22% |
| 13 | APOLLO GLOBAL MANAGEMENT INC | — | 13,000 | $1.45M | 3.18% |
| 14 | MAPLE LEAF FOODS | — | 66,000 | $1.42M | 3.13% |
| 15 | PFIZER INC | — | 47,100 | $1.32M | 2.91% |
| 16 | TXNM ENERGY INC | — | 20,000 | $1.17M | 2.57% |
| 17 | SERVICENOW INC | — | 10,000 | $1.05M | 2.30% |
| 18 | Compass Diversified Holdings | CODI A | 54,800 | $960.10K | 2.11% |
| 19 | SIMON PROPERTY | — | 4,900 | $914.00K | 2.01% |
| 20 | HERC HOLDINGS INC | — | 7,750 | $771.51K | 1.69% |
| 21 | OPTION CARE HEALTH INC | — | 18,500 | $498.02K | 1.09% |
| 22 | MORGAN STANLEY | — | 3,000 | $493.71K | 1.08% |
| 23 | MONDELEZ INTL INC | — | 7,500 | $432.30K | 0.95% |
| 24 | CHIMERA INVESTMENT CORP | CIM A | 18,447 | $377.79K | 0.83% |
| 25 | U.S. Treasury Bills | — | 351,000 | $349.23K | 0.77% |
| 26 | ENERGIZER HOLDIN | — | 20,000 | $328.40K | 0.72% |
| 27 | NEWMONT CORP | — | 3,000 | $324.75K | 0.71% |
| 28 | U.S. Treasury Bills | B | 245,000 | $243.09K | 0.53% |
| 29 | ABBVIE INC | — | 950 | $206.62K | 0.45% |
| 30 | U.S. Treasury Bills | 912797SX | 175,000 | $173.88K | 0.38% |
| 31 | QVC GROUP INC PREFERRED STOCK 03/31 8 | QVCGP | 63,246 | $160.01K | 0.35% |
| 32 | COMPASS DIV HOLDINGS FIXED FLTG RA | CODI B | 7,500 | $146.32K | 0.32% |
| 33 | ALPHABET INC CL C | — | 350 | $100.40K | 0.22% |
| 34 | EPD A 2026-03-20 CALL 38 | — | -50 | -$500 | -0.00% |
| 35 | ET A 2026-04-17 CALL 20 | — | -75 | -$975 | -0.00% |
| 36 | Pfizer, Inc. | — | -50 | -$3.40K | -0.01% |
| 37 | EPD A 2026-03-20 CALL 38 | — | -100 | -$5.90K | -0.01% |
| 38 | ET A 2026-04-17 CALL 20 | — | -150 | -$8.40K | -0.02% |
| 39 | AT&T, Inc. | — | -300 | -$12.60K | -0.03% |
| 40 | AT&T, Inc. | — | -25 | -$22.31K | -0.05% |
| 41 | ServiceNow, Inc. | — | -50 | -$56.50K | -0.12% |
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