Portfolio concentration
As of February 28, 2026 · N-PORT
Holdings
26
Top-10 weight
66.91%
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.
17
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.
583.4
Holdings
As of February 28, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TARGA RESOURCES CORP | — | 1,651,911 | $389.52M | 10.18% |
| 2 | WILLIAMS COS INC | — | 4,554,847 | $340.34M | 8.90% |
| 3 | MPLX LP PARTNERSHIP SHARES | MPLX US | 4,697,626 | $276.88M | 7.24% |
| 4 | MLP | ET | 14,601,301 | $275.09M | 7.19% |
| 5 | CHENIERE ENERGY INC | — | 1,151,622 | $271.47M | 7.10% |
| 6 | DT MIDSTREAM INC | — | 1,719,773 | $238.77M | 6.24% |
| 7 | TC ENERGY CORP | — | 3,098,564 | $199.45M | 5.21% |
| 8 | ANTERO MIDSTREAM CORP | — | 8,450,100 | $189.96M | 4.97% |
| 9 | ENBRIDGE INC | — | 3,561,052 | $189.23M | 4.95% |
| 10 | KINDER MORGAN INC | — | 5,654,040 | $188.11M | 4.92% |
| 11 | Plains GP Holdings LP LTD PARTNER INT CL A NEW IN | PAGP | 8,019,301 | $180.76M | 4.73% |
| 12 | ONEOK INC | — | 2,176,179 | $180.12M | 4.71% |
| 13 | Enterprise Products Partners LP | — | 4,415,079 | $159.56M | 4.17% |
| 14 | PEMBINA PIPELINE | — | 3,473,180 | $152.65M | 3.99% |
| 15 | WESTERN MIDSTREAM PARTNERS LP MLP | WES US | 3,341,500 | $138.97M | 3.63% |
| 16 | KEYERA CORP | — | 2,855,789 | $108.99M | 2.85% |
| 17 | FRST AM-GV OB-X | TMPXX | 89,079,961 | $89.08M | 2.33% |
| 18 | HESS MIDSTREAM LP - CLASS A COMMON STOCK | HESM | 1,838,807 | $71.13M | 1.86% |
| 19 | ROCKPOINT GAS STORAGE INC COMMON STOCK NPV | RGSI CN | 1,693,577 | $35.21M | 0.92% |
| 20 | CLEARWAY ENERGY INC CL C | — | 896,927 | $34.36M | 0.90% |
| 21 | PLAINS ALL AMER PIPELINE LP PARTNERSHIP SHARES | PAA | 1,310,015 | $27.39M | 0.72% |
| 22 | EXCELERATE ENERGY INC | — | 618,944 | $24.91M | 0.65% |
| 23 | SEMPRA ENERGY | — | 198,747 | $19.13M | 0.50% |
| 24 | SOUTH BOW CORP | — | 571,649 | $18.41M | 0.48% |
| 25 | KODIAK GAS SERVICES INC | — | 253,915 | $13.86M | 0.36% |
| 26 | KINETIK HOLDINGS INC | — | 235,101 | $10.69M | 0.28% |
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