Fractal Investments LLC
CIK 1843590 · View on SEC EDGAR ↗
- Portfolio value
- $866.9M
- Positions
- 80
- As of
- June 30, 2026
#2,689 of 9,443 by 13F value · top 28.5%
Portfolio value QoQ: +2.6% 13F does not disclose cash
- Top 10 holdings weight
- 76.35%
- Top 25 holdings weight
- 95.88%
- Positions above 1%
- 17
- Effective number of positions
- 14.7
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 3.69% Est. buys $39,461,783 · sells $31,544,387
Median holding: 5.0 quarters Tracked Q4 2024–Q2 2026 · 66.7% still held
- New positions
- 10
- Increased
- 13
- Decreased
- 4
- Closed
- 11
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +20.5% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 99.1% · Options excluded: 0.0%
Sector breakdown
Energy
94.5%
Industrials
1.6%
Materials
1.6%
Technology
1.3%
Utilities
0.5%
Consumer Discretionary
0.1%
Health Care
0.1%
Financial Services
0.1%
Communication Services
0.1%
Real Estate
0.0%
Packaging
0.0%
Other/Unmapped
0.1%
Full portfolio 80 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| ET Energy Transfer LP Common Units | $104,612,269 | 12.07% | 5,471,353 | $11,582,119 | Up ×2 | ||
| MPLX MPLX LP Common Units Representing Limited Partner Interests | $93,964,974 | 10.84% | 1,668,116 | $-23,102,774 | Down ×1 | ||
| PAA Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests | $80,709,952 | 9.31% | 3,625,784 | $-253,805 | |||
| EPD Enterprise Products Partners L.P. Common Stock | $67,529,737 | 7.79% | 1,837,044 | $-1,984,008 | |||
| WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests | $66,718,509 | 7.70% | 1,524,646 | $1,760,236 | Down ×1 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $62,450,952 | 7.20% | 840,072 | $3,208,032 | Up ×1 | ||
| TRGP Targa Resources, Inc. Common Stock | $51,774,884 | 5.97% | 193,089 | $12,053,234 | Up ×1 | ||
| SUN Sunoco LP Common Units representing limited partner interests | $46,035,135 | 5.31% | 682,002 | $5,978,401 | Up ×1 | ||
| TRP TC Energy Corporation Common Stock | $44,414,300 | 5.12% | 670,000 | $3,786,900 | Up ×1 | ||
| HESM Hess Midstream LP Class A Representing Limited Partner Interests | $43,631,792 | 5.03% | 1,160,420 | $-2,437,709 | Down ×1 | ||
| DTM DT Midstream, Inc. Common Stock | $33,896,793 | 3.91% | 230,999 | $2,788,158 | |||
| KMI Kinder Morgan, Inc. Common Stock | $33,461,017 | 3.86% | 1,046,638 | $-1,632,755 | |||
| LNG Cheniere Energy, Inc. Common Stock | $18,567,492 | 2.14% | 77,685 | $-553,676 | Up ×1 | ||
| OKE ONEOK, Inc. Common Stock | $13,617,412 | 1.57% | 156,630 | $-540,374 | |||
| NGL NGL ENERGY PARTNERS LP Common Units representing Limited Partner Interests | $13,261,390 | 1.53% | 832,479 | $2,996,924 | |||
| CQP Cheniere Energy Partners, LP Common Units | $11,831,980 | 1.36% | 194,126 | $-714,383 | |||
| GLP Global Partners LP Common Units representing Limited Partner Interests | $9,095,952 | 1.05% | 195,234 | $876,601 | |||
| SNDK Sandisk Corporation - Common Stock | $7,730,682 | 0.89% | 3,400 | $4,935,186 | Down ×1 | ||
| AM Antero Midstream Corporation Common Stock | $5,309,463 | 0.61% | 233,383 | $968,731 | Up ×1 | ||
| GEL Genesis Energy, L.P. Common Units | $4,863,753 | 0.56% | 343,243 | $-1,256,270 | |||
| GEV GE Vernova Inc. Common Stock | $4,639,522 | 0.54% | 3,949 | $1,192,440 | |||
| SPH Suburban Propane Partners, L.P. Common Stock | $3,674,174 | 0.42% | 214,864 | $-556,498 | |||
| ENB Enbridge Inc Common Stock | $3,659,175 | 0.42% | 67,500 | $4,725 | |||
| Q Qnity Electronics, Inc. Common Stock | $3,266,200 | 0.38% | 20,000 | $1,304,740 | Up ×2 | ||
| SOLS Solstice Advanced Materials Inc. - Common Stock | $2,489,660 | 0.29% | 28,100 | $578,044 | Up ×1 | ||
| WLKP Westlake Chemical Partners LP Common Units representing limited partner interests | $1,789,704 | 0.21% | 80,400 | $13,668 | |||
| CAT Caterpillar, Inc. Common Stock | $1,429,096 | 0.16% | 1,342 | $1,115,957 | Up ×1 | ||
| NEM Newmont Corporation | $1,421,361 | 0.16% | 15,218 | $-225,987 | |||
| CR Crane Company Common Stock | $1,405,341 | 0.16% | 6,300 | $567,441 | Up ×1 | ||
| KNTK Kinetik Holdings Inc. Class A Common Stock | $1,329,447 | 0.15% | 27,502 | $-1,925 | |||
| XOM Exxon Mobil Corporation Common Stock | $1,327,551 | 0.15% | 9,710 | $-319,848 | |||
| SMC Summit Midstream Corporation Common Stock | $1,281,600 | 0.15% | 45,000 | $-79,200 | |||
| PHIN PHINIA Inc. Common Stock | $1,227,313 | 0.14% | 14,900 | $207,557 | |||
| CF CF Industries Holdings, Inc. Common Stock | $1,115,078 | 0.13% | 10,300 | $-222,274 | |||
| ECG Everus Construction Group, Inc. Common Stock | $1,062,080 | 0.12% | 6,400 | $483,586 | Up ×1 | ||
| FCX Freeport-McMoRan, Inc. Common Stock | $947,627 | 0.11% | 15,068 | $61,930 | |||
| SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) | $898,534 | 0.10% | 11,588 | $-179,150 | |||
| SU Suncor Energy Inc. Common Stock | $880,352 | 0.10% | 16,400 | $-203,852 | |||
| KEYS Keysight Technologies Inc. Common Stock | $875,175 | 0.10% | 2,500 | Up ×1 | |||
| VLTO Veralto Corp Common Stock | $780,384 | 0.09% | 8,800 | $2,288 | |||
| RIO Rio Tinto Plc Common Stock | $778,426 | 0.09% | 8,200 | $13,448 | |||
| SCCO Southern Copper Corporation Common Stock | $770,055 | 0.09% | 4,419 | $17,120 | Up ×6 | ||
| BHP BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) | $749,790 | 0.09% | 9,000 | $95,130 | |||
| AEM Agnico Eagle Mines Limited Common Stock | $746,020 | 0.09% | 4,809 | $-230,111 | |||
| RAL Ralliant Corporation Common Stock | $736,300 | 0.08% | 10,000 | Up ×1 | |||
| PH Parker-Hannifin Corporation Common Stock | $714,028 | 0.08% | 730 | $60,503 | |||
| CVX Chevron Corporation Common Stock | $696,192 | 0.08% | 4,200 | $-172,788 | |||
| STLD Steel Dynamics, Inc. - Common Stock | $618,165 | 0.07% | 2,694 | $133,245 | |||
| MLI Mueller Industries, Inc. Common Stock | $605,553 | 0.07% | 4,926 | $59,752 | |||
| B Barrick Mining Corporation Common Shares | $602,372 | 0.07% | 16,400 | $-66,584 | |||
| CON Concentra Group Holdings Parent, Inc. Common Stock | $595,000 | 0.07% | 20,000 | Up ×1 | |||
| MPC Marathon Petroleum Corporation Common Stock | $585,740 | 0.07% | 2,291 | $26,324 | |||
| NATL NCR Atleos Corporation Common Stock | $551,307 | 0.06% | 12,700 | $-2,159 | |||
| DKL Delek Logistics Partners, L.P. Common Units representing Limited Partner Interests | $544,211 | 0.06% | 10,559 | $18,795 | |||
| LLYVK Liberty Live Holdings, Inc. - Series C Liberty Live Group Common Stock | $543,307 | 0.06% | 5,143 | $59,299 | |||
| FTV Fortive Corporation Common Stock | $513,156 | 0.06% | 8,400 | $48,804 | |||
| SPHR Sphere Entertainment Co. Class A Common Stock | $501,787 | 0.06% | 2,900 | Up ×1 | |||
| CEG Constellation Energy Corporation - Common Stock When-Issued | $493,014 | 0.06% | 1,985 | $-61,297 | |||
| COP ConocoPhillips Common Stock | $466,988 | 0.05% | 4,492 | $-125,956 | |||
| E ENI S.p.A. Common Stock | $430,456 | 0.05% | 9,186 | $-89,563 | |||
| IMO | $415,594 | 0.05% | 3,710 | $-69,748 | |||
| TT Trane Technologies plc | $392,928 | 0.05% | 800 | $59,536 | |||
| CMC Commercial Metals Company Common Stock | $389,050 | 0.04% | 6,200 | $8,184 | |||
| RS Reliance, Inc. Common Stock | $373,600 | 0.04% | 1,000 | $69,680 | |||
| VLO Valero Energy Corporation Common Stock | $354,198 | 0.04% | 1,360 | $18,169 | |||
| PLD Prologis, Inc. Common Stock | $325,128 | 0.04% | 2,400 | $7,896 | |||
| DINO HF Sinclair Corporation Common Stock | $320,390 | 0.04% | 4,600 | $33,396 | |||
| KEX Kirby Corporation Common Stock | $299,134 | 0.03% | 2,200 | Up ×1 | |||
| FTRE Fortrea Holdings Inc. - Common Stock | $295,800 | 0.03% | 17,000 | Up ×1 | |||
| MT Arcelor Mittal NY Registry Shares NEW | $289,056 | 0.03% | 4,800 | $39,552 | |||
| Unknown issuer (CUSIP: 04965N104) | $269,000 | 0.03% | 20,000 | $1,600 | |||
| Unknown issuer (CUSIP: G9600F104) | $252,060 | 0.03% | 6,000 | Up ×1 | |||
| PAAS Pan American Silver Corp. Common Stock | $249,346 | 0.03% | 5,567 | $-54,779 | |||
| GE GE Aerospace Common Stock | $246,662 | 0.03% | 660 | ||||
| HAL Halliburton Company Common Stock | $244,440 | 0.03% | 7,200 | $-36,288 | |||
| RIG Transocean Ltd (Switzerland) Common Stock | $234,720 | 0.03% | 48,000 | Up ×1 | |||
| BKR Baker Hughes Company - Common Stock | $216,450 | 0.02% | 3,900 | $-21,645 | |||
| GEF Greif Inc. Class A Common Stock | $208,572 | 0.02% | 2,800 | Up ×1 | |||
| FIP FTAI Infrastructure Inc. - Common Stock | $153,120 | 0.02% | 33,000 | $-9,900 | |||
| GGB Gerdau S.A. Common Stock | $134,387 | 0.02% | 33,264 | $14,304 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| SCCO | $770,055 | 0.09% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| KEYS | $875,175 | 2,500 | 0.10% |
| RAL | $736,300 | 10,000 | 0.08% |
| CON | $595,000 | 20,000 | 0.07% |
| SPHR | $501,787 | 2,900 | 0.06% |
| KEX | $299,134 | 2,200 | 0.03% |
| FTRE | $295,800 | 17,000 | 0.03% |
| Unknown issuer (CUSIP: G9600F104) | $252,060 | 6,000 | 0.03% |
| GE | $246,662 | 660 | 0.03% |
| RIG | $234,720 | 48,000 | 0.03% |
| GEF | $208,572 | 2,800 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| MPLX | Trimmed | -383K | -$23.1M |
| TRGP | Bought more | +35K | +$12.1M |
| ET | Bought more | +651K | +$11.6M |
| SUN | Bought more | +65K | +$6.0M |
| SNDK | Trimmed | -1K | +$4.9M |
| TRP | Bought more | +21K | +$3.8M |
| WMB | Bought more | +26K | +$3.2M |
| NGL | Price move only | +0 | +$3.0M |
| DTM | Price move only | +0 | +$2.8M |
| HESM | Trimmed | -25K | -$2.4M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| ENLC | March 31, 2025 | 2,133,949 | $30,195,378 | No longer tracked |
| SOBO | March 31, 2025 | 49,800 | $1,173,786 | 50.5% |
| SLVM | June 30, 2025 | 13,440 | $901,421 | -26.3% |
| GEHC | June 30, 2026 | 12,601 | $896,939 | 15.7% |
| TECK | Sept. 30, 2025 | 16,218 | $654,883 | 57.1% |
| ARMK | Dec. 31, 2025 | 16,800 | $645,120 | 61.8% |
| NTR | June 30, 2026 | 7,700 | $581,042 | 16.8% |
| ESAB | June 30, 2026 | 5,777 | $558,405 | -21.2% |
| KNF | Dec. 31, 2025 | 6,702 | $515,183 | -5.8% |
| BERY | June 30, 2025 | 7,300 | $509,613 | No longer tracked |
| GLD | June 30, 2026 | 1,083 | $466,004 | No longer tracked |
| AMCR | March 31, 2026 | 52,925 | $441,394 | 21.1% |
| IP | Sept. 30, 2025 | 8,500 | $398,055 | -11.9% |
| CXT | Dec. 31, 2025 | 5,880 | $394,372 | 6.8% |
| MMM | Dec. 31, 2025 | 2,500 | $387,950 | 12.3% |
| PKG | March 31, 2026 | 1,800 | $371,214 | 18.2% |
| INGR | June 30, 2026 | 3,285 | $370,088 | 13.4% |
| CARR | June 30, 2026 | 6,030 | $339,549 | -16.9% |
| APA | June 30, 2026 | 7,862 | $333,663 | 36.0% |
| MBC | March 31, 2026 | 29,328 | $323,781 | 9.7% |
| GOLD | June 30, 2025 | 16,400 | $318,816 | 110.5% |
| DE | Sept. 30, 2025 | 600 | $305,094 | 36.4% |
| NUE | March 31, 2026 | 1,868 | $304,689 | 47.5% |
| K | Dec. 31, 2025 | 3,600 | $295,272 | No longer tracked |
| GE | March 31, 2025 | 1,600 | $266,864 | 74.2% |
| LLYVKXXXX | Dec. 31, 2025 | 2,743 | $265,989 | No longer tracked |
| GM | June 30, 2025 | 5,600 | $263,368 | 78.2% |
| NVT | March 31, 2025 | 3,732 | $254,373 | 198.0% |
| MRP | June 30, 2026 | 9,000 | $252,000 | 2.0% |
| TDG | March 31, 2025 | 195 | $247,120 | -13.5% |
| ETN | March 31, 2026 | 749 | $238,564 | 17.7% |
| IR | March 31, 2025 | 2,500 | $226,150 | 0.8% |
| CTRA | June 30, 2026 | 6,409 | $225,212 | No longer tracked |
| ITRI | June 30, 2026 | 2,400 | $215,112 | 14.6% |
| BG | March 31, 2026 | 2,400 | $213,792 | -7.6% |
| PSX | March 31, 2025 | 1,823 | $207,694 | 96.8% |
| SLVM | March 31, 2026 | 4,300 | $207,045 | -12.6% |
| SXC | March 31, 2025 | 19,200 | $205,440 | 7.0% |
| OTIS | June 30, 2025 | 1,979 | $204,233 | -27.4% |
| GE | March 31, 2026 | 660 | $203,300 | 22.8% |
| ITW | March 31, 2025 | 800 | $202,848 | 14.0% |
| RXO | Dec. 31, 2025 | 13,083 | $201,217 | 75.4% |
| ICL | June 30, 2026 | 36,500 | $189,070 | 14.9% |