Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
50
Top-10 weight
53.11%
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.
25
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.
371.2
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MPLX LP PARTNERSHIP SHARES | MPLX US | 2,920,428 | $172.13M | 7.39% |
| 2 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 4,111,682 | $171.00M | 7.34% |
| 3 | MLP | ET | 9,006,328 | $169.68M | 7.29% |
| 4 | ARCHROCK INC | — | 4,250,839 | $150.18M | 6.45% |
| 5 | TARGA RESOURCES CORP | — | 590,828 | $139.32M | 5.98% |
| 6 | WILLIAMS COS INC | — | 1,798,555 | $134.39M | 5.77% |
| 7 | ONEOK INC | — | 1,570,314 | $129.97M | 5.58% |
| 8 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 6,209,426 | $129.84M | 5.58% |
| 9 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 7,141,977 | $128.98M | 5.54% |
| 10 | KINDER MORGAN INC | — | 3,802,880 | $126.52M | 5.43% |
| 11 | Enterprise Products Partners LP | — | 3,444,474 | $124.48M | 5.35% |
| 12 | KODIAK GAS SERVICES INC | — | 2,136,938 | $116.61M | 5.01% |
| 13 | SUNOCO LP PARTNERSHIP SHARES | SUN | 1,737,652 | $110.84M | 4.76% |
| 14 | NGL ENERGY PARTNERS LP PARTNERSHIP SHARES | NGL | 7,150,096 | $85.80M | 3.68% |
| 15 | USA COMPRESSION PARTNERS LP PARTNERSHIP SHARES | USAC | 3,025,277 | $82.65M | 3.55% |
| 16 | ANTERO MIDSTREAM CORP | — | 3,675,769 | $82.63M | 3.55% |
| 17 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 1,669,355 | $64.57M | 2.77% |
| 18 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 2,811,755 | $63.38M | 2.72% |
| 19 | CHENIERE ENERGY INC | — | 225,000 | $53.04M | 2.28% |
| 20 | GLOBAL PARTNERS LP PARTNERSHIP SHARES | GLP | 911,398 | $42.82M | 1.84% |
| 21 | PEMBINA PIPELINE | — | 960,000 | $42.23M | 1.81% |
| 22 | CROSSAMERICA PARTNERS LP PARTNERSHIP SHARES | CAPL | 1,971,946 | $39.79M | 1.71% |
| 23 | Westlake Chemical Partners LP | WLKP | 1,646,522 | $36.26M | 1.56% |
| 24 | TC ENERGY CORP | — | 550,000 | $35.40M | 1.52% |
| 25 | ENBRIDGE INC | — | 644,167 | $34.23M | 1.47% |
| 26 | Invesco SteelPath MLP & Energy Infrastructure ETF | — | 1,138,000 | $32.56M | 1.40% |
| 27 | GOLAR LNG LTD COMMON STOCK USD1.0 | GLNG US | 675,000 | $30.01M | 1.29% |
| 28 | Invesco Private Prime Fund | — | 26,610,157 | $26.61M | 1.14% |
| 29 | KINETIK HOLDINGS INC | — | 560,000 | $25.47M | 1.09% |
| 30 | Invesco Treasury Portfolio, Institutional Class | — | 21,963,704 | $21.96M | 0.94% |
| 31 | Knot Offshore Partners L.P. | — | 1,776,804 | $18.99M | 0.82% |
| 32 | GIBSON ENERGY | — | 750,000 | $16.12M | 0.69% |
| 33 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 286,592 | $14.88M | 0.64% |
| 34 | Invesco Government & Agency Portfolio, Institutional Class | — | 11,826,610 | $11.83M | 0.51% |
| 35 | ARKO CORP | — | 1,829,604 | $11.76M | 0.51% |
| 36 | Invesco Private Government Fund | — | 10,371,238 | $10.37M | 0.45% |
| 37 | ALLIANCE RES PARTNRS LP UNIT | ARLP | 378,734 | $10.03M | 0.43% |
| 38 | SOUTH BOW CORP | — | 300,000 | $9.66M | 0.41% |
| 39 | SunocoCorp LLC COM SHS LLC | SUNC US | 150,000 | $8.98M | 0.39% |
| 40 | ARKO PETROLEUM C | — | 344,110 | $6.54M | 0.28% |
| 41 | SUMMIT MIDSTREAM CORP | — | 214,723 | $6.34M | 0.27% |
| 42 | Global Partners L.P., Series B, Pfd. | GLP | 97,881 | $2.49M | 0.11% |
| 43 | HF SINCLAIR CORP | — | 39,707 | $1.99M | 0.09% |
| 44 | MARTIN MIDSTREAM PARTNERS LP PARTNERSHIP SHARES | — | 186,311 | $536.58K | 0.02% |
| 45 | Suburban Propane Partners LP / Suburban Energy Finance Corporation UNIT LTD PARTNERSHIP INT | SPH | 5,962 | $121.03K | 0.01% |
| 46 | PHILLIPS 66 | — | 491 | $75.78K | 0.00% |
| 47 | CHEVRON CORP | — | 137 | $25.59K | 0.00% |
| 48 | DT MIDSTREAM INC | — | 100 | $13.88K | 0.00% |
| 49 | EQT CORPORATION | — | 100 | $6.14K | 0.00% |
| 50 | CHENIERE ENERGY PARTNERS LP PARTNERSHIP SHARES | CQP | 100 | $6.13K | 0.00% |
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