Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
31
Top-10 weight
83.27%
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.
11
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.
192.7
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | MPLX LP PARTNERSHIP SHARES | MPLX US | 11,254,596 | $663.35M | 14.97% |
| 2 | Enterprise Products Partners LP | — | 18,125,000 | $655.04M | 14.79% |
| 3 | MLP | ET | 34,615,345 | $652.15M | 14.72% |
| 4 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 15,573,546 | $647.70M | 14.62% |
| 5 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 21,583,333 | $451.31M | 10.19% |
| 6 | SUNOCO LP PARTNERSHIP SHARES | SUN | 5,854,810 | $373.48M | 8.43% |
| 7 | ANTERO MIDSTREAM CORP | — | 12,757,509 | $286.79M | 6.47% |
| 8 | USA COMPRESSION PARTNERS LP PARTNERSHIP SHARES | USAC | 9,151,625 | $250.02M | 5.64% |
| 9 | GENESIS ENERGY L.P. PARTNERSHIP SHARES | GEL | 9,370,932 | $169.24M | 3.82% |
| 10 | NGL ENERGY PARTNERS LP PARTNERSHIP SHARES | NGL | 12,412,037 | $148.94M | 3.36% |
| 11 | KODIAK GAS SERVICES INC | — | 2,538,222 | $138.51M | 3.13% |
| 12 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 2,950,000 | $114.11M | 2.58% |
| 13 | ONEOK INC | — | 1,213,414 | $100.43M | 2.27% |
| 14 | CROSSAMERICA PARTNERS LP PARTNERSHIP SHARES | CAPL | 3,748,183 | $75.64M | 1.71% |
| 15 | Westlake Chemical Partners LP | WLKP | 3,304,619 | $72.77M | 1.64% |
| 16 | DELEK LOGISTICS PARTNERS LP PARTNERSHIP SHARES | DKL | 1,227,101 | $63.72M | 1.44% |
| 17 | GLOBAL PARTNERS LP PARTNERSHIP SHARES | GLP | 1,274,167 | $59.86M | 1.35% |
| 18 | Invesco Treasury Portfolio, Institutional Class | — | 49,919,700 | $49.92M | 1.13% |
| 19 | KINETIK HOLDINGS INC | — | 660,000 | $30.02M | 0.68% |
| 20 | Invesco Government & Agency Portfolio, Institutional Class | — | 26,879,838 | $26.88M | 0.61% |
| 21 | Invesco SteelPath MLP & Energy Infrastructure ETF | — | 875,000 | $25.03M | 0.57% |
| 22 | SUMMIT MIDSTREAM CORP | — | 738,629 | $21.80M | 0.49% |
| 23 | Invesco Private Prime Fund | — | 21,752,760 | $21.75M | 0.49% |
| 24 | MARTIN MIDSTREAM PARTNERS LP PARTNERSHIP SHARES | — | 7,026,434 | $20.24M | 0.46% |
| 25 | ARKO PETROLEUM C | — | 655,890 | $12.47M | 0.28% |
| 26 | ARKO CORP | — | 1,626,925 | $10.46M | 0.24% |
| 27 | SOUTH BOW CORP | — | 250,000 | $8.05M | 0.18% |
| 28 | Invesco Private Government Fund | — | 6,530,140 | $6.53M | 0.15% |
| 29 | SunocoCorp LLC COM SHS LLC | SUNC US | 50,000 | $2.99M | 0.07% |
| 30 | Global Partners L.P., Series B, Pfd. | GLP | 100,000 | $2.54M | 0.06% |
| 31 | PHILLIPS 66 | — | 500 | $77.16K | 0.00% |
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