与标普500指数的表现对比

03
追踪时间 Q1 2025–Q2 2026 +21.2%
标普500指数同期总回报率 +37.0%
超额回报 -15.8%

年化：+16.7% · 标普500指数：+28.7%

近似于基于季度SEC 13F快照构建的买入并持有投资组合。不包括现金、空头头寸、期权/衍生品和非13(f)证券——仅反映已披露的多头股票账簿，而非基金总资产管理规模。SEC文件延迟最多可达45天；这不是一个可实时复制的交易。

可定价覆盖率：98.6% · 已排除期权：0.0%

行业细分

04
Energy 48.7%
Utilities 45.5%
Industrials 5.1%
Materials 0.6%
Technology 0.0%

完整投资组合 88 持仓

05
类型 连胜 8个季度趋势
EPD Enterprise Products Partners L.P. Common Stock $508461122 8.00% 13831913 $-11133087 上涨 ×1
ET Energy Transfer LP Common Units $490514728 7.71% 25654536 $4010847 上涨 ×4
MPLX MPLX LP Common Units Representing Limited Partner Interests $303072017 4.77% 5380295 $8734747 上涨 ×1
KMI Kinder Morgan, Inc. Common Stock $240872242 3.79% 7534321 $-8429209 上涨 ×1
NFG National Fuel Gas Company Common Stock $231309038 3.64% 2995843 $-12030825 上涨 ×3
PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests $219543095 3.45% 9045863 $1635534 上涨 ×2
SO Southern Company (The) Common Stock $166114467 2.61% 1735602 $404877 上涨 ×1
OKE ONEOK, Inc. Common Stock $153145419 2.41% 1761507 $500120 上涨 ×2
ETR Entergy Corporation Common Stock $148374999 2.33% 1291790 $1684749 下跌 ×2
PPL PPL Corporation Common Stock $142340965 2.24% 3915845 $-11021798 下跌 ×1
DUK Duke Energy Corporation (Holding Company) Common Stock $141846434 2.23% 1120607 $5853721 上涨 ×1
OGS ONE Gas, Inc. Common Stock $135948088 2.14% 1763956 $21302512 上涨 ×6
SRE DBA Sempra Common Stock $127013071 2.00% 1370004 $-3454951 上涨 ×3
AEP American Electric Power Company, Inc. - Common Stock $125845773 1.98% 919858 $6552748 上涨 ×2
SUN Sunoco LP Common Units representing limited partner interests $119392920 1.88% 1768784 $-4131358 下跌 ×2
PEG Public Service Enterprise Group Incorporated Common Stock $116254639 1.83% 1432413 $1418483 上涨 ×3
EVRG Evergy, Inc. - Common Stock $110393581 1.74% 1277260 $8997183 上涨 ×6
LNG Cheniere Energy, Inc. Common Stock $107950062 1.70% 451655 $16249897 上涨 ×1
WMB Williams Companies, Inc. (The) Common Stock $106780712 1.68% 1436383 $633847 下跌 ×1
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $103426971 1.63% 2348478 $12022162 上涨 ×1
OGE OGE Energy Corp Common Stock $99015801 1.56% 2034850 $10410228 上涨 ×2
FE FirstEnergy Corp. Common Stock $97602425 1.53% 2053059 $1302983 上涨 ×6
WEC WEC Energy Group, Inc. Common Stock $97564371 1.53% 835526 $8929701 上涨 ×4
CQP Cheniere Energy Partners, LP Common Units $94751529 1.49% 1554578 $-3758357 上涨 ×1
NEE NextEra Energy, Inc. Common Stock $88710631 1.39% 1010717 $12780581 上涨 ×4
TRGP Targa Resources, Inc. Common Stock $86119329 1.35% 321173 $4187033 下跌 ×3
D Dominion Energy, Inc. Common Stock $84236125 1.32% 1233506 $9844596 上涨 ×2
CWEN-A (申报为 CWENA) Clearway Energy Inc. Class A $83192104 1.31% 2433941 $-10754124 上涨 ×3
XEL Xcel Energy Inc. - Common Stock $82110765 1.29% 1022550 $2619605 上涨 ×2
DTE DTE Energy Company Common Stock $81435975 1.28% 534462 $-3727671 下跌 ×1
NJR NewJersey Resources Corporation Common Stock $78592401 1.24% 1402434 $825626 下跌 ×2
GNRC Generac Holdlings Inc. Common Stock $77172711 1.21% 263559 $17978735 下跌 ×2
VST Vistra Corp. Common Stock $75698078 1.19% 477199 $4848601 上涨 ×3
ATO Atmos Energy Corporation Common Stock $70742676 1.11% 410650 $3631868 上涨 ×2
TTEK Tetra Tech, Inc. - Common Stock $68511624 1.08% 2371465 上涨 ×1
PWR Quanta Services, Inc. Common Stock $66764269 1.05% 92723 $-2518212 下跌 ×4
AEE Ameren Corporation Common Stock $66498267 1.05% 588272 $8484469 上涨 ×6
DTM DT Midstream, Inc. Common Stock $63567768 1.00% 433200 $5678791 上涨 ×2
LNT Alliant Energy Corporation - Common Stock $63072758 0.99% 826750 $4979019 上涨 ×6
IDA IDACORP, Inc. Common Stock $60618194 0.95% 400649 $4293590 上涨 ×3
AROC Archrock, Inc. Common Stock $58509756 0.92% 1437233 $10002558 上涨 ×1
J Jacobs Solutions Inc. Common Stock $58335984 0.92% 462984 $46959188 上涨 ×2
XOM Exxon Mobil Corporation Common Stock $58140043 0.91% 425249 $12556473 上涨 ×1
CMS CMS Energy Corporation Common Stock $53708661 0.84% 702074 $-6342371 下跌 ×1
UGI UGI Corporation Common Stock $44985000 0.71% 1302403 $-1763530 上涨 ×2
TRP TC Energy Corporation Common Stock $41674071 0.66% 628663 $-13681231 下跌 ×5
SHEL Shell PLC American Depositary Shares (each representing two (2) Ordinary Shares) $38529394 0.61% 496897 $-30481721 下跌 ×2
CMI Cummins Inc. Common Stock $36798070 0.58% 51595 $-13942059 下跌 ×2
WLKP Westlake Chemical Partners LP Common Units representing limited partner interests $35383739 0.56% 1589566 $437204 上涨 ×2
EOG EOG Resources, Inc. Common Stock $32272543 0.51% 248767 $3945064 上涨 ×4
RRC Range Resources Corporation Common Stock $31932636 0.50% 858635 $4239690 上涨 ×4
ENB Enbridge Inc Common Stock $31291692 0.49% 577231 $-21635572 下跌 ×5
PAA Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests $29175892 0.46% 1310687 $-386616 下跌 ×2
PCG Pacific Gas & Electric Co. Common Stock $27901757 0.44% 1658844 $548746 上涨 ×5
CEG Constellation Energy Corporation - Common Stock When-Issued $27771988 0.44% 111817 $-2905300 上涨 ×3
AES The AES Corporation Common Stock $27080143 0.43% 1847213 $1413517 上涨 ×3
CPK Chesapeake Utilities Corporation Common Stock $25080352 0.39% 204771 $3135696 上涨 ×4
SUNC SunocoCorp LLC Common Units, representing limited liability company interests $25051637 0.39% 370203 $12310000 上涨 ×1
ARLP Alliance Resource Partners, L.P. - Common Units Representing Limited Partnership Interests $25050491 0.39% 1044641 $4663371 上涨 ×4
BKR Baker Hughes Company - Common Stock $22775147 0.36% 410363 $-1945097 上涨 ×4
CNR Core Natural Resources, Inc. Common Stock $21869626 0.34% 273302 $-1522239 上涨 ×4
EQT EQT Corporation Common Stock $21601376 0.34% 406270 $20449747 上涨 ×1
TXO TXO Partners, L.P. Common Units Representing Limited Partner Interests $20456526 0.32% 1636522 $2227754 上涨 ×2
SLB SLB Limited Common Shares $20176521 0.32% 433997 $-3253568 下跌 ×3
HAL Halliburton Company Common Stock $19484890 0.31% 573929 $-2571091 上涨 ×1
PSX Phillips 66 Common Stock $19381921 0.30% 114652 $6008998 上涨 ×3
WHD Cactus, Inc. Class A Common Stock $14913001 0.23% 291099 $666047 下跌 ×1
FTI TechnipFMC plc Ordinary Share $13852589 0.22% 208938 $-240529 上涨 ×1
EXC Exelon Corporation - Common Stock $8716168 0.14% 186962 $-261306 上涨 ×6
GPOR Gulfport Energy Corporation Common Shares $8576808 0.13% 50541 $-2085262 上涨 ×2
KBR KBR, Inc. Common Stock $6703723 0.11% 194142 $-4936665 下跌 ×1
TTE TotalEnergies SE Ordinary Shares $6531452 0.10% 83995 $-982677 上涨 ×1
FLR Fluor Corporation Common Stock $5825611 0.09% 111197 $643682 上涨 ×1
FLS Flowserve Corporation Common Stock $5575942 0.09% 75188 上涨 ×1
DINO HF Sinclair Corporation Common Stock $5210377 0.08% 74808 $3032030 上涨 ×2
VLO Valero Energy Corporation Common Stock $4919190 0.08% 18888 $3208161 上涨 ×2
MPC Marathon Petroleum Corporation Common Stock $4912188 0.08% 19213 $2363926 上涨 ×3
TS Tenaris S.A. American Depositary Shares $4449188 0.07% 80180 上涨 ×1
NOV NOV Inc. Common Stock $4343928 0.07% 234174 $-56502 上涨 ×2
HP Helmerich & Payne, Inc. Common Stock $4267528 0.07% 130346
FANG Diamondback Energy, Inc. - Common Stock $4199560 0.07% 23891 $-5943704 下跌 ×1
INSW International Seaways, Inc. Common Stock $4160599 0.07% 54323 $-1838955 下跌 ×1
DHT DHT Holdings, Inc. $3979002 0.06% 240714 $1081270 上涨 ×4
WTRG Essential Utilities, Inc. Common Stock $2525242 0.04% 65916 $-17543313 下跌 ×1
FSLR First Solar, Inc. - Common Stock $2460827 0.04% 10429 $451931 上涨 ×3
ECO Okeanis Eco Tankers Corp. Common Stock $2238309 0.04% 44659 $-1258371 下跌 ×1
FRO Frontline Plc Ordinary Shares $1201507 0.02% 34536 $-1951754 下跌 ×1
STN Stantec Inc Common Stock $834500 0.01% 12110 上涨 ×1

重仓股

08

持仓连续增加3个季度以上。

持股数量按13F申报数据报告（未按拆股调整）

证券价值% 占投资组合连胜
ET $490514728 7.71% 上涨 ×4
NFG $231309038 3.64% 上涨 ×3
OGS $135948088 2.14% 上涨 ×6
SRE $127013071 2.00% 上涨 ×3
PEG $116254639 1.83% 上涨 ×3
EVRG $110393581 1.74% 上涨 ×6
FE $97602425 1.53% 上涨 ×6
WEC $97564371 1.53% 上涨 ×4
NEE $88710631 1.39% 上涨 ×4
CWEN-A (申报为 CWENA) $83192104 1.31% 上涨 ×3
VST $75698078 1.19% 上涨 ×3
AEE $66498267 1.05% 上涨 ×6
LNT $63072758 0.99% 上涨 ×6
IDA $60618194 0.95% 上涨 ×3
EOG $32272543 0.51% 上涨 ×4

最大新仓位

09

本季度新开仓位，按规模从大到小排序。

证券价值股份% 占投资组合
TTEK $68511624 2371465 1.08%
FLS $5575942 75188 0.09%
TS $4449188 80180 0.07%
HP $4267528 130346 0.07%
STN $834500 12110 0.01%

季度涨幅榜

10
证券操作股份变动价值变动
SHEL 削减 -245K -$30.5M
ENB 削减 -400K -$21.6M
OGS 增持 +433K +$21.3M
GNRC 削减 -39K +$18.0M
LNG 增持 +128K +$16.2M
CMI 削减 -43K -$13.9M
TRP 削减 -256K -$13.7M
NEE 增持 +193K +$12.8M
XOM 增持 +157K +$12.6M
SUNC 增持 +164K +$12.3M

3 positions hidden — reported move looks larger than the position itself (data completeness check)

已退出持仓

11

包含公司事件（合并、退市）——并非所有退出都是卖出

已关闭的头寸反映了 13F 报告的变更；对于指数管理人来说，这些通常是机械性的（退市、并购、指数再平衡），而不是主动决策。

证券季度先前持股数先前价值退出后价格
HESM 2025年9月30日 1080367 $41604933 -11.4%
SR 2026年6月30日 402270 $36421526 9.2%
ALE 2025年12月31日 222107 $14747905 不再跟踪
ENS 2026年6月30日 83362 $14481647 -29.0%
CTRA 2026年3月31日 534886 $14078200 不再跟踪
CAT 2026年3月31日 23071 $13216684 -3.0%
USAC 2025年12月31日 402578 $9661872 不再跟踪
KRP 2025年12月31日 647396 $8733372 44.2%
EXE 2026年6月30日 76381 $8385106 2.2%
FTS 2025年12月31日 105722 $5364334 11.6%
NRP 2025年12月31日 33737 $3542385 11.1%
HP 2026年3月31日 117776 $3377816 8.1%
BP 2025年6月30日 96041 $3245226 71.5%
NI 2026年6月30日 65355 $3049464 -9.0%
AWK 2025年12月31日 12110 $1685591 9.4%
SM 2025年12月31日 63103 $1575682 114.5%
OGE 2025年9月30日 2261 $100343 4.6%