Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
20
Top-10 weight
68.91%
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.
15
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.
474.8
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | VENTURE GLOBAL INC | — | 2,918,823 | $46.00M | 11.23% |
| 2 | NEXTDECADE CORP | — | 5,216,592 | $39.96M | 9.75% |
| 3 | TARGA RESOURCES CORP | — | 151,793 | $38.06M | 9.29% |
| 4 | MLP | ET | 1,939,020 | $37.42M | 9.13% |
| 5 | CHENIERE ENERGY INC | — | 128,158 | $36.37M | 8.88% |
| 6 | TC ENERGY CORP | — | 283,508 | $17.75M | 4.33% |
| 7 | KINETIK HOLDINGS INC | — | 366,076 | $17.72M | 4.33% |
| 8 | Enterprise Products Partners LP | — | 467,740 | $17.70M | 4.32% |
| 9 | KINDER MORGAN INC | — | 524,961 | $17.60M | 4.30% |
| 10 | WILLIAMS COS INC | — | 240,355 | $17.49M | 4.27% |
| 11 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 717,163 | $17.41M | 4.25% |
| 12 | ONEOK INC | — | 191,972 | $17.35M | 4.24% |
| 13 | ENBRIDGE INC | — | 311,096 | $16.84M | 4.11% |
| 14 | PEMBINA PIPELINE | — | 370,106 | $16.57M | 4.04% |
| 15 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 401,812 | $16.54M | 4.04% |
| 16 | MPLX LP PARTNERSHIP SHARES | MPLX US | 277,648 | $15.85M | 3.87% |
| 17 | DT MIDSTREAM INC | — | 99,205 | $13.36M | 3.26% |
| 18 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 143,531 | $5.58M | 1.36% |
| 19 | FIRST AM-TR OB-X | TMPXX | 5,497,470 | $5.50M | 1.34% |
| 20 | SOUTH BOW CORP | — | 121,679 | $4.05M | 0.99% |
| 21 | US BANK LINE OF CREDIT | — | -5,393,000 | -$5.39M | -1.32% |
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