REAVES W H & CO INC
CIK 740913 · View on SEC EDGAR ↗
- Portfolio value
- $5.2B
- Positions
- 94
- As of
- June 30, 2026
#792 of 9,443 by 13F value · top 8.4%
Portfolio value QoQ: +12.6% 13F does not disclose cash
- Top 10 holdings weight
- 42.27%
- Top 25 holdings weight
- 77.78%
- Positions above 1%
- 29
- Effective number of positions
- 33.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.71% Est. buys $549,561,077 · sells $378,249,181
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 80.3% still held
- New positions
- 12
- Increased
- 23
- Decreased
- 42
- Closed
- 7
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: +28.8% · S&P 500: +28.7%
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: 98.9% · Options excluded: 0.0%
Sector breakdown
Utilities
50.4%
Industrials
18.9%
Energy
14.8%
Real Estate
6.4%
Materials
3.9%
Communications
1.8%
Telecommunication
0.6%
Communication Services
0.1%
Technology
0.0%
Consumer Staples
0.0%
Healthcare
0.0%
Other/Unmapped
3.1%
Full portfolio 94 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| TLN Talen Energy Corporation - Common Stock | $405,343,578 | 7.80% | 1,054,868 | $68,396,632 | Down ×4 | ||
| ETR Entergy Corporation Common Stock | $270,700,210 | 5.21% | 2,356,784 | $95,188,946 | Up ×1 | ||
| IDA IDACORP, Inc. Common Stock | $203,216,023 | 3.91% | 1,343,133 | $8,981,270 | Down ×1 | ||
| CNP CenterPoint Energy, Inc (Holding Co) Common Stock | $200,403,888 | 3.86% | 4,550,497 | $-2,428,388 | Down ×2 | ||
| GEV GE Vernova Inc. Common Stock | $199,546,446 | 3.84% | 169,847 | $46,743,555 | Down ×1 | ||
| VST Vistra Corp. Common Stock | $188,462,434 | 3.63% | 1,188,063 | $21,847,636 | Up ×1 | ||
| CEG Constellation Energy Corporation - Common Stock When-Issued | $187,149,281 | 3.60% | 753,510 | $1,401,673 | Up ×2 | ||
| GLW Corning Incorporated Common Stock | $182,615,336 | 3.52% | 714,933 | $78,843,984 | Down ×1 | ||
| EQIX Equinix, Inc. - Common Stock | $180,963,074 | 3.48% | 173,604 | $10,581,678 | Down ×1 | ||
| PWR Quanta Services, Inc. Common Stock | $177,348,012 | 3.41% | 246,303 | $39,937,090 | Down ×5 | ||
| XEL Xcel Energy Inc. - Common Stock | $174,242,167 | 3.35% | 2,169,890 | $-3,238,868 | Down ×2 | ||
| DTM DT Midstream, Inc. Common Stock | $157,797,299 | 3.04% | 1,075,353 | $32,219,813 | Up ×3 | ||
| WMB Williams Companies, Inc. (The) Common Stock | $157,165,911 | 3.03% | 2,114,150 | $5,073,178 | Up ×5 | ||
| MP MP Materials Corp. Common Stock | $146,009,332 | 2.81% | 2,606,844 | $20,110,092 | Down ×2 | ||
| NI NiSource Inc Common Stock | $144,776,151 | 2.79% | 3,044,714 | $2,388,495 | Down ×3 | ||
| LNT Alliant Energy Corporation - Common Stock | $141,367,659 | 2.72% | 1,853,030 | $-883,911 | Down ×2 | ||
| DY Dycom Industries, Inc. Common Stock | $133,101,623 | 2.56% | 263,260 | $49,026,828 | Up ×2 | ||
| EPD Enterprise Products Partners L.P. Common Stock | $128,437,234 | 2.47% | 3,493,940 | $-3,773,456 | |||
| CCJ Cameco Corporation Common Stock | $114,616,946 | 2.21% | 1,125,240 | $-7,774,034 | Down ×5 | ||
| SRE DBA Sempra Common Stock | $112,526,577 | 2.17% | 1,213,748 | $-16,911,442 | Down ×2 | ||
| CP Canadian Pacific Kansas City Limited Common Shares | $108,509,802 | 2.09% | 1,252,277 | $23,699,298 | Up ×2 | ||
| CMS CMS Energy Corporation Common Stock | $95,674,419 | 1.84% | 1,250,646 | $-15,470,258 | Down ×4 | ||
| COHR Coherent Corp. Common Stock | $84,043,806 | 1.62% | 213,055 | $35,012,803 | Up ×2 | ||
| OGE OGE Energy Corp Common Stock | $73,651,095 | 1.42% | 1,513,586 | $-3,257,993 | Down ×1 | ||
| NEE NextEra Energy, Inc. Common Stock | $73,063,844 | 1.41% | 832,447 | $21,411,449 | Up ×2 | ||
| AEP American Electric Power Company, Inc. - Common Stock | $64,974,489 | 1.25% | 474,925 | $64,648,755 | Up ×1 | ||
| PNW Pinnacle West Capital Corporation Common Stock | $56,944,651 | 1.10% | 532,193 | $-12,290,850 | Down ×3 | ||
| SBAC SBA Communications Corporation - Class A Common Stock | $56,901,997 | 1.10% | 322,464 | $1,402,718 | |||
| ANET Arista Networks, Inc. Common Stock | $53,093,786 | 1.02% | 312,537 | $2,110,619 | Down ×1 | ||
| Unknown issuer (CUSIP: 45047B105) | $50,000,000 | 0.96% | 3,125,000 | Up ×1 | |||
| EQT EQT Corporation Common Stock | $49,971,452 | 0.96% | 939,843 | $-19,380,683 | Down ×2 | ||
| LNG Cheniere Energy, Inc. Common Stock | $43,788,783 | 0.84% | 183,209 | $36,978,543 | Up ×1 | ||
| USAR USA Rare Earth, Inc. - Common Stock | $43,160,000 | 0.83% | 2,000,000 | $8,046,800 | Down ×1 | ||
| AEE Ameren Corporation Common Stock | $41,425,317 | 0.80% | 366,466 | $-21,878,161 | Down ×3 | ||
| LEU Centrus Energy Corp. Class A Common Stock | $38,010,636 | 0.73% | 226,429 | $1,223,790 | Up ×2 | ||
| MPLX MPLX LP Common Units Representing Limited Partner Interests | $37,769,265 | 0.73% | 670,500 | $-496,170 | |||
| WEC WEC Energy Group, Inc. Common Stock | $35,686,196 | 0.69% | 305,611 | $1,834,816 | Up ×1 | ||
| AMT American Tower Corporation (REIT) Common Stock | $34,601,271 | 0.67% | 211,538 | $17,682,046 | Up ×1 | ||
| LITE Lumentum Holdings Inc. - Common Stock | $34,241,742 | 0.66% | 39,906 | $4,855,833 | Down ×1 | ||
| DTE DTE Energy Company Common Stock | $32,774,330 | 0.63% | 215,097 | $-5,185,113 | Down ×2 | ||
| Unknown issuer (CUSIP: 98386P333) | $31,260,136 | 0.60% | 1,891,802 | Up ×1 | |||
| NRG NRG Energy, Inc. Common Stock | $30,644,556 | 0.59% | 209,808 | $-12,220,206 | Down ×1 | ||
| DLR Digital Realty Trust, Inc. Common Stock | $30,068,336 | 0.58% | 167,437 | $13,124,631 | Up ×1 | ||
| TMUS T-Mobile US, Inc. - Common Stock | $29,229,636 | 0.56% | 174,266 | $6,762,937 | Up ×1 | ||
| ODFL Old Dominion Freight Line, Inc. - Common Stock | $27,768,120 | 0.53% | 128,200 | $14,246,440 | Up ×2 | ||
| IRM Iron Mountain Incorporated (Delaware)Common Stock REIT | $26,845,043 | 0.52% | 212,533 | $5,033,148 | Down ×1 | ||
| KRSPU | $25,704,000 | 0.49% | 2,400,000 | $264,000 | |||
| TIC TIC Solutions, Inc. Common Stock | $25,448,996 | 0.49% | 3,145,735 | $5,207,797 | Up ×2 | ||
| NFG National Fuel Gas Company Common Stock | $24,279,843 | 0.47% | 314,465 | $-5,267,288 | |||
| D Dominion Energy, Inc. Common Stock | $20,487,000 | 0.39% | 300,000 | Up ×1 | |||
| TBN Tamboran Resources Corporation Common stock | $19,993,683 | 0.38% | 615,001 | $11,495,383 | Up ×2 | ||
| VRT Vertiv Holdings, LLC Class A Common Stock | $17,221,132 | 0.33% | 51,434 | $-1,041,138 | Down ×4 | ||
| MPC Marathon Petroleum Corporation Common Stock | $14,445,355 | 0.28% | 56,500 | $-39,424,416 | Down ×1 | ||
| Unknown issuer (CUSIP: 31556C106) | $13,153,500 | 0.25% | 450,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 778920999) | $12,499,994 | 0.24% | 181,871 | Up ×1 | |||
| FPS Forgent Power Solutions, Inc. Class A Common Stock | $11,172,000 | 0.22% | 200,000 | Up ×1 | |||
| UTL UNITIL Corporation Common Stock | $10,902,509 | 0.21% | 206,918 | $-2,067,377 | Down ×2 | ||
| JCI Johnson Controls International plc Ordinary Share | $9,257,530 | 0.18% | 63,360 | $2,753,767 | Up ×1 | ||
| BRKB | $8,802,360 | 0.17% | 17,591 | $308,061 | Down ×2 | ||
| YORW The York Water Company - Common Stock | $8,428,750 | 0.16% | 275,000 | Up ×1 | |||
| ALB Albemarle Corporation Common Stock | $6,751,500 | 0.13% | 50,000 | Up ×1 | |||
| Unknown issuer (CUSIP: 296013105) | $6,307,500 | 0.12% | 435,000 | Up ×1 | |||
| HTO H2O America - Common Stock | $6,077,000 | 0.12% | 100,000 | $210,000 | |||
| WBI WaterBridge Infrastructure LLC Class A Shares Representing Limited Liability Company Interests | $5,825,900 | 0.11% | 170,000 | $-6,229,600 | Down ×1 | ||
| Unknown issuer (CUSIP: 98386P102) | $5,508,000 | 0.11% | 300,000 | Up ×1 | |||
| CMCSA Comcast Corporation - Class A Common Stock | $4,787,299 | 0.09% | 195,002 | $4,035,097 | Up ×1 | ||
| LAC Lithium Americas Corp. Common Shares | $4,774,000 | 0.09% | 1,240,000 | $-124,000 | |||
| UNP Union Pacific Corporation Common Stock | $4,640,320 | 0.09% | 17,060 | $-11,654,039 | Down ×6 | ||
| FFIV F5, Inc. - Common Stock | $4,437,877 | 0.09% | 10,669 | $1,952,822 | Up ×1 | ||
| UTG | $3,491,610 | 0.07% | 85,747 | $170,029 | Up ×3 | ||
| PEG Public Service Enterprise Group Incorporated Common Stock | $3,215,478 | 0.06% | 39,619 | $-14,197,110 | Down ×4 | ||
| ATO Atmos Energy Corporation Common Stock | $2,721,005 | 0.05% | 15,795 | $-356,430 | Down ×6 | ||
| MWH SOLV Energy, Inc. - Class A common stock | $2,553,750 | 0.05% | 75,000 | $-9,458,250 | Down ×1 | ||
| CPK Chesapeake Utilities Corporation Common Stock | $2,449,600 | 0.05% | 20,000 | $-77,800 | |||
| SO Southern Company (The) Common Stock | $2,226,885 | 0.04% | 23,267 | $-163,626 | Down ×1 | ||
| LAMR Lamar Advertising Company - Class A Common Stock | $2,183,720 | 0.04% | 14,000 | $410,480 | |||
| XOM Exxon Mobil Corporation Common Stock | $1,750,016 | 0.03% | 12,800 | $-421,632 | |||
| AAPL Apple Inc. - Common Stock | $1,388,928 | 0.03% | 4,800 | $170,736 | |||
| DUK Duke Energy Corporation (Holding Company) Common Stock | $1,046,057 | 0.02% | 8,264 | $-37,733 | Down ×1 | ||
| DTEGY | $1,045,498 | 0.02% | 38,342 | $-368,084 | Down ×1 | ||
| OKE ONEOK, Inc. Common Stock | $1,005,287 | 0.02% | 11,563 | $-62,219 | Down ×4 | ||
| PLD Prologis, Inc. Common Stock | $996,517 | 0.02% | 7,356 | $24,201 | |||
| PCG Pacific Gas & Electric Co. Common Stock | $931,458 | 0.02% | 55,378 | $-809,799 | Down ×1 | ||
| PM Philip Morris International Inc Common Stock | $904,550 | 0.02% | 5,000 | $77,850 | |||
| EVRG Evergy, Inc. - Common Stock | $871,042 | 0.02% | 10,078 | $44,715 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $832,514 | 0.02% | 3,278 | $31,240 | |||
| NJR NewJersey Resources Corporation Common Stock | $818,352 | 0.02% | 14,603 | $15,696 | Down ×1 | ||
| AWK American Water Works Company, Inc. Common Stock | $769,085 | 0.01% | 5,845 | $-67,188 | Down ×1 | ||
| PPG PPG Industries, Inc. Common Stock | $606,450 | 0.01% | 5,000 | $72,050 | |||
| MO Altria Group, Inc. | $575,600 | 0.01% | 8,000 | $47,680 | |||
| CVX Chevron Corporation Common Stock | $566,236 | 0.01% | 3,416 | $-150,466 | Down ×3 | ||
| BKH Black Hills Corporation Common Stock | $501,754 | 0.01% | 6,744 | Up ×1 | |||
| SR Spire Inc. Common Stock | $436,835 | 0.01% | 5,594 | Up ×1 | |||
| BKR Baker Hughes Company - Common Stock | $277,500 | 0.01% | 5,000 | $-27,750 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 45047B105) | $50,000,000 | 3,125,000 | 0.96% |
| Unknown issuer (CUSIP: 98386P333) | $31,260,136 | 1,891,802 | 0.60% |
| D | $20,487,000 | 300,000 | 0.39% |
| Unknown issuer (CUSIP: 31556C106) | $13,153,500 | 450,000 | 0.25% |
| Unknown issuer (CUSIP: 778920999) | $12,499,994 | 181,871 | 0.24% |
| FPS | $11,172,000 | 200,000 | 0.22% |
| YORW | $8,428,750 | 275,000 | 0.16% |
| ALB | $6,751,500 | 50,000 | 0.13% |
| Unknown issuer (CUSIP: 296013105) | $6,307,500 | 435,000 | 0.12% |
| Unknown issuer (CUSIP: 98386P102) | $5,508,000 | 300,000 | 0.11% |
| BKH | $501,754 | 6,744 | 0.01% |
| SR | $436,835 | 5,594 | 0.01% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| ETR | Bought more | +795K | +$95.2M |
| GLW | Trimmed | -48K | +$78.8M |
| TLN | Trimmed | -631 | +$68.4M |
| DY | Bought more | +15K | +$49.0M |
| GEV | Trimmed | -5K | +$46.7M |
| PWR | Trimmed | -4K | +$39.9M |
| MPC | Trimmed | -164K | -$39.4M |
| COHR | Bought more | +7K | +$35.0M |
| DTM | Bought more | +143K | +$32.2M |
| CP | Bought more | +174K | +$23.7M |
2 positions hidden (data completeness check)
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 |
|---|---|---|---|---|
| PPL | June 30, 2026 | 2,073,949 | $79,224,852 | -3.5% |
| NSC | March 31, 2026 | 131,000 | $37,822,320 | 21.3% |
| CCI | June 30, 2026 | 287,589 | $23,383,862 | 0.4% |
| AEP | June 30, 2025 | 205,335 | $22,436,955 | 19.0% |
| FYBR | March 31, 2026 | 587,933 | $22,382,609 | No longer tracked |
| CSX | Dec. 31, 2025 | 150,000 | $5,326,500 | 42.0% |
| CHTR | March 31, 2026 | 24,500 | $5,114,375 | -31.8% |
| T | Dec. 31, 2025 | 180,652 | $5,101,612 | 2.1% |
| CNI | Dec. 31, 2025 | 28,796 | $2,715,463 | 31.2% |
| TXNM | June 30, 2026 | 41,188 | $2,407,850 | 1.1% |
| LIN | June 30, 2026 | 4,349 | $2,156,060 | -6.0% |
| GOOGL | June 30, 2025 | 11,910 | $1,841,762 | 94.1% |
| SCEPRJ | Dec. 31, 2025 | 63,125 | $1,489,119 | No longer tracked |
| ECG | March 31, 2026 | 12,500 | $1,069,500 | 6.4% |
| GOOG | June 30, 2025 | 6,630 | $1,035,805 | 91.1% |
| MDU | Sept. 30, 2025 | 50,000 | $833,500 | 14.1% |
| CCOI | June 30, 2026 | 28,098 | $529,366 | -28.9% |
| AD | June 30, 2025 | 7,500 | $518,625 | -44.7% |
| EXC | June 30, 2026 | 7,990 | $391,670 | -3.8% |
| EIX | Dec. 31, 2025 | 6,520 | $360,426 | 23.0% |
| NWN | Sept. 30, 2025 | 5,909 | $234,705 | 12.7% |
| VZ | June 30, 2026 | 4,665 | $234,183 | 16.8% |
| VZ | Dec. 31, 2025 | 4,665 | $205,027 | 21.4% |