Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
22
Top-10 weight
76.48%
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.
14
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.
396.7
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MPLX LP PARTNERSHIP SHARES | MPLX US | 2,564,267 | $151.14M | 13.10% |
| 2 | TARGA RESOURCES CORP | — | 575,928 | $135.80M | 11.77% |
| 3 | MLP | ET | 7,074,347 | $133.28M | 11.55% |
| 4 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 2,765,036 | $115.00M | 9.97% |
| 5 | Enterprise Products Partners LP | — | 3,059,964 | $110.59M | 9.59% |
| 6 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 3,694,829 | $77.26M | 6.70% |
| 7 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 1,602,767 | $62.00M | 5.37% |
| 8 | SUNOCO LP PARTNERSHIP SHARES | SUN | 893,961 | $57.03M | 4.94% |
| 9 | ONEOK INC | — | 515,758 | $42.69M | 3.70% |
| 10 | WILLIAMS COS INC | — | 560,928 | $41.91M | 3.63% |
| 11 | CHENIERE ENERGY INC | — | 175,054 | $41.27M | 3.58% |
| 12 | TC ENERGY CORP | — | 442,981 | $28.51M | 2.47% |
| 13 | KINDER MORGAN INC | — | 854,779 | $28.44M | 2.47% |
| 14 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 1,573,199 | $28.41M | 2.46% |
| 15 | Invesco Treasury Portfolio, Institutional Class | — | 28,253,711 | $28.25M | 2.45% |
| 16 | SunocoCorp LLC COM SHS LLC | SUNC US | 437,580 | $26.21M | 2.27% |
| 17 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 1,004,599 | $22.64M | 1.96% |
| 18 | KODIAK GAS SERVICES INC | — | 399,357 | $21.79M | 1.89% |
| 19 | ENBRIDGE INC | — | 382,134 | $20.31M | 1.76% |
| 20 | Invesco Government & Agency Portfolio, Institutional Class | — | 15,213,537 | $15.21M | 1.32% |
| 21 | ARCHROCK INC | — | 371,394 | $13.12M | 1.14% |
| 22 | KINETIK HOLDINGS INC | — | 237,525 | $10.81M | 0.94% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.