Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
28
Top-10 weight
64.45%
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.
18
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.
552.8
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | WILLIAMS COS INC | — | 4,066,542 | $303.85M | 9.39% |
| 2 | TC ENERGY CORP | — | 4,451,302 | $286.53M | 8.86% |
| 3 | ENBRIDGE INC | — | 5,021,229 | $266.83M | 8.25% |
| 4 | KINDER MORGAN INC | — | 8,010,424 | $266.51M | 8.24% |
| 5 | ONEOK INC | — | 2,520,399 | $208.61M | 6.45% |
| 6 | CHENIERE ENERGY INC | — | 883,710 | $208.32M | 6.44% |
| 7 | TARGA RESOURCES CORP | — | 713,916 | $168.34M | 5.20% |
| 8 | DT MIDSTREAM INC | — | 1,069,333 | $148.47M | 4.59% |
| 9 | PEMBINA PIPELINE | — | 3,207,902 | $141.12M | 4.36% |
| 10 | Enterprise Products Partners LP | — | 3,815,016 | $137.87M | 4.26% |
| 11 | MPLX LP PARTNERSHIP SHARES | MPLX US | 2,332,235 | $137.46M | 4.25% |
| 12 | MLP | ET | 7,285,875 | $137.27M | 4.24% |
| 13 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 2,930,382 | $121.87M | 3.77% |
| 14 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 5,584,454 | $116.77M | 3.61% |
| 15 | ANTERO MIDSTREAM CORP | — | 3,994,947 | $89.81M | 2.78% |
| 16 | MONEY MARKET FUND | FRGXX | 87,219,232 | $87.22M | 2.70% |
| 17 | SOUTH BOW CORP | — | 2,512,347 | $80.92M | 2.50% |
| 18 | ARCHROCK INC | — | 2,067,553 | $73.05M | 2.26% |
| 19 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 1,566,483 | $60.59M | 1.87% |
| 20 | VENTURE GLOBAL INC | — | 5,687,002 | $55.11M | 1.70% |
| 21 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 2,363,580 | $53.28M | 1.65% |
| 22 | KODIAK GAS SERVICES INC | — | 801,789 | $43.75M | 1.35% |
| 23 | CHENIERE ENERGY PARTNERS LP PARTNERSHIP SHARES | CQP | 486,564 | $29.83M | 0.92% |
| 24 | USA COMPRESSION PARTNERS LP PARTNERSHIP SHARES | USAC | 902,210 | $24.65M | 0.76% |
| 25 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 1,282,242 | $23.16M | 0.72% |
| 26 | KINETIK HOLDINGS INC | — | 484,574 | $22.04M | 0.68% |
| 27 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 224,520 | $11.66M | 0.36% |
| 28 | NEXTDECADE CORP | — | 1,815,264 | $9.78M | 0.30% |
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