Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
26
Top-10 weight
59.45%
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.
20
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.
508.7
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | ENBRIDGE INC | — | 838,669 | $45.32M | 9.42% |
| 2 | WILLIAMS COS INC | — | 618,200 | $44.99M | 9.35% |
| 3 | TC ENERGY CORP | — | 474,089 | $29.59M | 6.15% |
| 4 | KINDER MORGAN INC | — | 855,808 | $28.70M | 5.96% |
| 5 | PEMBINA PIPELINE | — | 605,780 | $27.03M | 5.62% |
| 6 | CHENIERE ENERGY INC | — | 89,192 | $25.31M | 5.26% |
| 7 | TARGA RESOURCES CORP | — | 92,494 | $23.19M | 4.82% |
| 8 | ONEOK INC | — | 247,609 | $22.38M | 4.65% |
| 9 | MLP | ET | 1,067,494 | $20.60M | 4.28% |
| 10 | Enterprise Products Partners LP | — | 535,917 | $20.28M | 4.22% |
| 11 | NEXTDECADE CORP | — | 2,533,667 | $19.41M | 4.03% |
| 12 | MPLX LP PARTNERSHIP SHARES | MPLX US | 332,814 | $18.99M | 3.95% |
| 13 | DT MIDSTREAM INC | — | 139,229 | $18.75M | 3.90% |
| 14 | ANTERO MIDSTREAM CORP | — | 786,072 | $17.92M | 3.73% |
| 15 | CHENIERE ENERGY PARTNERS LP PARTNERSHIP SHARES | CQP | 251,912 | $16.28M | 3.38% |
| 16 | KINETIK HOLDINGS INC | — | 298,444 | $14.45M | 3.00% |
| 17 | CENTURI HOLDINGS INC | — | 459,881 | $13.43M | 2.79% |
| 18 | Teekay Tankers Ltd., Class A | TNK | 180,125 | $13.21M | 2.75% |
| 19 | ROCKPOINT GAS STORAGE INC COMMON STOCK NPV | RGSI CN | 652,868 | $13.07M | 2.72% |
| 20 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 573,601 | $12.81M | 2.66% |
| 21 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 377,324 | $9.16M | 1.90% |
| 22 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 227,753 | $8.85M | 1.84% |
| 23 | FIRST AM-TR OB-X | TMPXX | 6,536,276 | $6.54M | 1.36% |
| 24 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 358,471 | $6.39M | 1.33% |
| 25 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 110,707 | $5.51M | 1.15% |
| 26 | NORTHERN US GOVERNMENT SELECT MONEY MARKET FUND | NOSXX | 1,268,255 | $1.27M | 0.26% |
| 27 | AMLP 04/17/2026 52.5 C | — | -27,288 | -$1.23M | -0.26% |
| 28 | AMLP 04/17/2026 52.5 C | — | -27,288 | -$1.91M | -0.40% |
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