与标普500指数的表现对比

03
追踪时间 Q1 2025–Q1 2026 +10.0%
标普500指数同期总回报率 +19.3%
超额回报 -9.3%

年化：+10.0% · 标普500指数：+19.3%

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：89.6% · 已排除期权：0.0%

行业细分

04
Energy 77.9%
Industrials 5.1%
Financials 2.9%
Consumer Staples 0.9%
Healthcare 0.9%
Consumer Discretionary 0.7%
Materials 0.6%
Consumer products 0.4%
其他/未映射 10.7%

完整投资组合 32 持仓

05
类型 连胜 8个季度趋势
ET Energy Transfer LP Common Units $8202076 13.88% 424978 $897369 下跌 ×1
NEXT NextDecade Corporation - Common Stock $7560358 12.80% 986992 $2696733 上涨 ×1
LNG Cheniere Energy, Inc. Common Stock $4967502 8.41% 17506 $1515913 下跌 ×2
WMB Williams Companies, Inc. (The) Common Stock $4783247 8.10% 65722 $780041 下跌 ×2
USAI Pacer American Energy Infrastructure ETF $4506098 7.63% 95895 $847710
TRGP Targa Resources, Inc. Common Stock $4372230 7.40% 17438 $1070602 下跌 ×2
OKE ONEOK, Inc. Common Stock $3524758 5.97% 38995 $618200 下跌 ×3
EPD Enterprise Products Partners L.P. Common Stock $2714830 4.60% 71745 $414685
BRK-B (申报为 BRKB) Berkshire Hathaway Inc. Class B $1719370 2.91% 3588 $149091 上涨 ×1
KNTK Kinetik Holdings Inc. Class A Common Stock $1703887 2.88% 35197 $398985 下跌 ×1
TRP TC Energy Corporation Common Stock $1548411 2.62% 24735 $182788 下跌 ×3
ENB Enbridge Inc Common Stock $1519493 2.57% 28066 $170735 下跌 ×3
SPY SPY $1396280 2.36% 2147 $-67802
KMI Kinder Morgan, Inc. Common Stock $1168655 1.98% 34854 $202134 下跌 ×3
MPLX MPLX LP Common Units Representing Limited Partner Interests $983259 1.66% 17229 $63747
WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests $971694 1.64% 23602 $39415
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $908359 1.54% 20294 $135969
RSG Republic Services, Inc. Common Stock $852426 1.44% 3892 $17422 下跌 ×1
RTX RTX Corporation Common Stock $838536 1.42% 4347 $-22894 下跌 ×1
SOBO South Bow Corporation Common Shares $710315 1.20% 21318 $124215 下跌 ×1
WM Waste Management, Inc. Common Stock $642723 1.09% 2797 $19625 下跌 ×1
LMT Lockheed Martin Corporation Common Stock $437578 0.74% 724 $10497 下跌 ×5
MCD McDonald's Corporation Common Stock $426715 0.72% 1373 $667 下跌 ×3
XLP XLP $398408 0.67% 4860 $21045 上涨 ×5
PAGP Plains GP Holdings, L.P. - Class A Shares representing limited partner interests $377918 0.64% 15565 $80004
ECL Ecolab Inc. Common Stock $337579 0.57% 1269 $-1334 下跌 ×1
KO Coca-Cola Company (The) Common Stock $268380 0.45% 3529 $37677 上涨 ×2
JNJ Johnson & Johnson Common Stock $262529 0.44% 1074 $34263 下跌 ×1
ADP Automatic Data Processing, Inc. - Common Stock $260477 0.44% 1282 $-256555 下跌 ×3
HSY The Hershey Company Common Stock $250300 0.42% 1204 $25737 下跌 ×1
MRK Merck & Company, Inc. Common Stock (new) $239618 0.41% 1992 $29940
PG Procter & Gamble Company (The) Common Stock $217960 0.37% 1509 $-2881 下跌 ×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
XLP $398408 0.67% 上涨 ×5

季度涨幅榜

10
证券操作股份变动价值变动
NEXT 增持 +64K +$2.7M
LNG 削减 -250 +$1.5M
TRGP 削减 -457 +$1.1M
ET 削减 -18K +$897K
USAI 仅价格变动 +0 +$848K
WMB 削减 -876 +$780K
OKE 削减 -550 +$618K
EPD 仅价格变动 +0 +$415K
KNTK 削减 -1K +$399K
ADP 削减 -728 -$257K

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
NFE 2025年9月30日 239399 $794805 165.6%
JNJ 2025年6月30日 1392 $230849 65.6%
MKC 2025年12月31日 3323 $222342 -33.1%