与标普500指数的表现对比

03
追踪时间 Q1 2025–Q2 2025 +3.0%
标普500指数同期总回报率 +12.6%
超额回报 -9.6%

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：100.0% · 已排除期权：0.0%

行业细分

04
Utilities 54.5%
Energy 27.7%
Industrials 14.0%
Real Estate 3.9%

完整投资组合 25 持仓

05
类型 连胜 8个季度趋势
EMA Emera Incorporated Common Shares $423900426 9.29% 6872575 上涨 ×1
ETR Entergy Corporation Common Stock $387383337 8.49% 4660531 $-7899084 上涨 ×1
NEE NextEra Energy, Inc. Common Stock $362300550 7.94% 5218965 $45763089 上涨 ×2
TRP TC Energy Corporation Common Stock $317432716 6.96% 6506102 $28386946 上涨 ×2
CEG Constellation Energy Corporation - Common Stock When-Issued $260311104 5.71% 806516 $104408167 上涨 ×1
OGE OGE Energy Corp Common Stock $250093416 5.48% 5635273 $-5711395 上涨 ×2
WEC WEC Energy Group, Inc. Common Stock $246353391 5.40% 2364236 $-9929971 上涨 ×2
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $204380249 4.48% 5448687 $-12564491 上涨 ×2
UNP Union Pacific Corporation Common Stock $193966873 4.25% 843041 $-47278344 下跌 ×1
CNI Canadian National Railway Company Common Stock $184147679 4.04% 1769970 $104845449 上涨 ×2
OKE ONEOK, Inc. Common Stock $182596270 4.00% 2236877 $-37303528 上涨 ×2
CCI Crown Castle Inc. Common Stock $176366350 3.87% 1716795 $1975593 上涨 ×2
PEG Public Service Enterprise Group Incorporated Common Stock $174245276 3.82% 2069913 $31514361 上涨 ×1
FER Ferrovial SE - Ordinary Shares $169537371 3.72% 3164782 $56290811 上涨 ×2
ENB Enbridge Inc Common Stock $163855321 3.59% 3615519 $7190541 上涨 ×2
SOBO South Bow Corporation Common Shares $156723372 3.44% 6048760 $49352092 上涨 ×2
WMB Williams Companies, Inc. (The) Common Stock $151905608 3.33% 2418494 $9454979 上涨 ×2
BEPC Brookfield Renewable Corporation Brookfield Renewable Corporation Class A Subordinate Voting Shares $141283767 3.10% 4310060 $23128307 上涨 ×2
DTE DTE Energy Company Common Stock $89548258 1.96% 676040 $-5632109 下跌 ×1
CSX CSX Corporation - Common Stock $88920405 1.95% 2725112 $7112421 下跌 ×2
LNG Cheniere Energy, Inc. Common Stock $84638298 1.86% 347562 $2669476 下跌 ×1
CWEN Clearway Energy, Inc. Class C Common Stock $80002656 1.75% 2500083 上涨 ×1
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $70925064 1.55% 1930459 $-259785 下跌 ×1
EXC Exelon Corporation - Common Stock $489647 0.01% 11277 $22073 上涨 ×2
AWK American Water Works Company, Inc. Common Stock $369198 0.01% 2654 $-65248 下跌 ×2

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
EMA $423900426 6872575 9.29%
CWEN $80002656 2500083 1.75%

季度涨幅榜

10
证券操作股份变动价值变动
CNI 增持 +956K +$104.8M
CEG 增持 +33K +$104.4M
FER 增持 +643K +$56.3M
SOBO 增持 +1.8M +$49.4M
UNP 削减 -178K -$47.3M
NEE 增持 +754K +$45.8M
OKE 增持 +21K -$37.3M
PEG 增持 +336K +$31.5M
TRP 增持 +384K +$28.4M
BEPC 增持 +78K +$23.1M

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
D 2025年6月30日 2483777 $139265376 8.5%
IHS 2025年6月30日 11019 $57519 49.6%