Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
16
Top-10 weight
93.28%
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.
10
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.
545.8
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TARGA RESOURCES CORP | — | 625,000 | $147.38M | 17.66% |
| 2 | MPLX LP PARTNERSHIP SHARES | MPLX US | 1,950,000 | $114.93M | 13.77% |
| 3 | MLP | ET | 5,800,000 | $109.27M | 13.09% |
| 4 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 4,218,000 | $95.07M | 11.39% |
| 5 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 2,075,000 | $86.30M | 10.34% |
| 6 | ONEOK INC | — | 1,000,000 | $82.77M | 9.92% |
| 7 | WILLIAMS COS INC | — | 1,100,000 | $82.19M | 9.85% |
| 8 | Enterprise Products Partners LP | — | 1,800,000 | $65.05M | 7.79% |
| 9 | CHENIERE ENERGY INC | — | 275,000 | $64.83M | 7.77% |
| 10 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 1,275,000 | $23.03M | 2.76% |
| 11 | KINETIK HOLDINGS INC | — | 400,000 | $18.20M | 2.18% |
| 12 | DT MIDSTREAM INC | — | 85,000 | $11.80M | 1.41% |
| 13 | ANTERO MIDSTREAM CORP | — | 450,000 | $10.12M | 1.21% |
| 14 | KINDER MORGAN INC | — | 300,000 | $9.98M | 1.20% |
| 15 | PHILLIPS 66 | — | 58,000 | $8.95M | 1.07% |
| 16 | ENBRIDGE INC | — | 70,000 | $3.72M | 0.45% |
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