Portfolio concentration
As of January 31, 2026 · N-PORT
Holdings
15
Top-10 weight
82.22%
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.
12
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.
506.7
Holdings
As of January 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MLP | ET | 553,360 | $10.21M | 13.65% |
| 2 | Enterprise Products Partners LP | — | 295,320 | $9.80M | 13.10% |
| 3 | MPLX LP PARTNERSHIP SHARES | MPLX US | 168,169 | $9.40M | 12.57% |
| 4 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 417,286 | $8.03M | 10.73% |
| 5 | ANTERO MIDSTREAM CORP | — | 322,760 | $6.07M | 8.12% |
| 6 | WILLIAMS COS INC | — | 86,902 | $5.85M | 7.81% |
| 7 | ONEOK INC | — | 71,624 | $5.67M | 7.58% |
| 8 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 114,090 | $4.73M | 6.32% |
| 9 | FRST AM-GV OB-X | TMPXX | 4,141,287 | $4.14M | 5.54% |
| 10 | FIRST AM-TR OB-X | TMPXX | 3,612,436 | $3.61M | 4.83% |
| 11 | KINDER MORGAN INC | — | 109,710 | $3.35M | 4.47% |
| 12 | TC ENERGY CORP | — | 54,330 | $3.19M | 4.26% |
| 13 | TARGA RESOURCES CORP | — | 15,030 | $3.02M | 4.04% |
| 14 | CHENIERE ENERGY INC | — | 12,730 | $2.69M | 3.60% |
| 15 | DT MIDSTREAM INC | — | 18,710 | $2.36M | 3.15% |
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