Portfolio concentration
As of December 31, 2025 · N-PORT
Holdings
44
Top-10 weight
35.89%
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.
36
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.
648.2
Holdings
As of December 31, 2025 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | WASTE CONNECTIONS INC | — | 22,408 | $3.93M | 4.03% |
| 2 | IBERDROLA SA | — | 180,232 | $3.90M | 4.00% |
| 3 | UNION PACIFIC CORP | — | 16,009 | $3.70M | 3.79% |
| 4 | AMERICAN WATER WRKS COMPANY | — | 27,269 | $3.56M | 3.65% |
| 5 | TELE2 AB-B SHS | — | 211,320 | $3.54M | 3.63% |
| 6 | KEPPEL DC REIT | — | 1,959,656 | $3.43M | 3.51% |
| 7 | NEXTERA ENERGY INC | — | 42,030 | $3.37M | 3.46% |
| 8 | DIGITAL REALTY TRUST INC | — | 21,491 | $3.32M | 3.41% |
| 9 | TAIWAN SEMIC MFG CO LTD SP ADR | — | 10,227 | $3.11M | 3.18% |
| 10 | SSE PLC | — | 103,611 | $3.04M | 3.11% |
| 11 | WASTE MANAGEMENT INC | — | 13,798 | $3.03M | 3.11% |
| 12 | VEOLIA ENVIRONNE | — | 85,228 | $2.97M | 3.04% |
| 13 | WELLTOWER INC | — | 15,970 | $2.96M | 3.04% |
| 14 | NATIONAL GRID PL | — | 190,400 | $2.92M | 2.99% |
| 15 | ELIA GROUP SA/NV | — | 20,692 | $2.66M | 2.73% |
| 16 | VODACOM GROUP | — | 305,737 | $2.61M | 2.67% |
| 17 | HYDRO ONE LTD | — | 63,951 | $2.55M | 2.61% |
| 18 | OTIS WORLDWIDE CORP | — | 27,748 | $2.42M | 2.48% |
| 19 | SIEMENS ENERGY AG | — | 17,258 | $2.42M | 2.48% |
| 20 | WESTINGHOUSE AIR BRAKE TECH CORP | — | 11,331 | $2.42M | 2.48% |
| 21 | CLEAN HARBORS INC | — | 10,273 | $2.41M | 2.47% |
| 22 | LINDE PLC | — | 5,238 | $2.23M | 2.29% |
| 23 | NORTHLAND POWER | — | 157,822 | $2.05M | 2.10% |
| 24 | CHEMED CORP | — | 4,794 | $2.05M | 2.10% |
| 25 | SEVERN TRENT | — | 54,132 | $2.03M | 2.08% |
| 26 | SABESP(CIA SANEAM BASIC)SP ADR | SBS US | 84,315 | $2.01M | 2.06% |
| 27 | KDDI Corporation | 9433 | 115,200 | $1.99M | 2.04% |
| 28 | ELISA OYJ | — | 44,483 | $1.97M | 2.02% |
| 29 | AMERICAN TOWER CORP | — | 11,034 | $1.94M | 1.98% |
| 30 | TETRA TECH INC | — | 55,548 | $1.86M | 1.91% |
| 31 | AECOM | — | 18,807 | $1.79M | 1.84% |
| 32 | CANADIAN PACIFIC KANSAS CITY LTD | — | 23,582 | $1.74M | 1.78% |
| 33 | SCHNEIDER ELECTR | — | 6,200 | $1.70M | 1.74% |
| 34 | HANNOVER RUECK S | — | 4,972 | $1.55M | 1.58% |
| 35 | CHINA LONGYUAN-H | — | 1,705,000 | $1.46M | 1.49% |
| 36 | MICROSOFT CORP | — | 2,999 | $1.45M | 1.49% |
| 37 | TRANE TECHNOLOGIES PLC | — | 2,880 | $1.12M | 1.15% |
| 38 | JPMorgan U.S. Treasury Plus Money Market Fund, Class IM | — | 1,048,387 | $1.05M | 1.07% |
| 39 | INFINEON TECH | — | 23,560 | $1.03M | 1.05% |
| 40 | DELTA ELEC | — | 32,000 | $976.13K | 1.00% |
| 41 | KPN (KONIN) NV | — | 208,886 | $976.07K | 1.00% |
| 42 | FX Forward Contract: CAD/USD SETTLE 2026-03-18 | — | 13,714 | $9.99K | 0.01% |
| 43 | FX Spot Contract: EUR/USD SETTLE 2026-01-05 | — | 19 | $22 | 0.00% |
| 44 | INDIA RUPEE | — | 109 | $1 | 0.00% |
| 45 | SWEDISH KRONA | — | -0 | $0 | 0.00% |
| 46 | NEW TAIWAN DOLLAR | — | 0 | $0 | 0.00% |
| 47 | Rand | — | -4,427 | -$267 | -0.00% |
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