Chickasaw Capital Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 7, 2025), Chickasaw Capital Management LLC reported 93 stock positions worth $2.4 billion. Its top holding was Targa Resources (TRGP) at 12.5% of the portfolio, followed by MPLX (MPLX, 11.5%) and Energy Transfer (ET, 11.0%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 21 and reduced 33. The biggest buy was Oneok (OKE, shares +27%) and the biggest sale Western Midstream Partners L (WES, shares −14%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001276460
Portfolio Value
$2.4B (Q3 2025)
SEC Filing
0001276460-25-000007 ↗ filed Oct 7, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.1B Q1 2024 Q2 2024: $2.3B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.5B Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.5B Q2 2025 Q3 2025: $2.4B $2.4B Q3 2025 Q4 2025: $2.4B Q4 2025 Q1 2026: $2.8B Q1 2026 Q2 2026: $2.8B Q2 2026

Holdings 93 stocks · $2.4B
TRGP Targa Resources Corp. 12.50% 1,825,558 $305.9M Reduce -0.3%
MPLX MPLX LP 11.46% 5,611,824 $280.3M Add +2.2%
ET Energy Transfer LP 11.02% 15,715,688 $269.7M Reduce -2.7%
WES Western Midstream Partners L 9.41% 5,859,619 $230.2M Reduce -13.8%
WMB Williams Cos Inc. 8.19% 3,161,682 $200.3M Reduce -4.3%
OKE Oneok Inc. 8.06% 2,703,955 $197.3M Add +26.9%
LNG Cheniere Energy Inc. 7.01% 729,993 $171.5M Reduce -3.4%
PAGP Plains GP Holdings LP 6.58% 8,832,780 $161.1M Add +5.9%
EPD Enterprise Products Partners 6.34% 4,960,865 $155.1M Reduce -10.1%
GEL Genesis Energy L.P. 1.94% 2,845,825 $47.6M Reduce -19.9%
KNTK Kinetik Holdings Inc. 1.92% 1,098,447 $46.9M Add +63.9%
PAA Plains All Amer Pipeline LP 1.91% 2,736,622 $46.7M Add +7.0%
AAPL Apple Inc. 1.34% 128,843 $32.8M Reduce -0.4%
DTM DT Midstream Inc. 1.29% 279,219 $31.6M Reduce -10.9%
AM Antero Midstream Corp. 1.00% 1,261,933 $24.5M Reduce -26.1%
KMI Kinder Morgan Inc. 0.92% 791,059 $22.4M Reduce -2.8%
PSX Phillips 66 0.80% 144,591 $19.7M Reduce -5.2%
MSFT Microsoft Corp. 0.59% 27,735 $14.4M Add +0.0%
KKR KKR & Co. Inc. 0.53% 100,127 $13.0M Reduce -0.2%
IMLPX Maingate MLP Fund-I 0.50% 1,219,041 $12.2M Add +0.7%
NVDA Nvidia Corp. 0.49% 64,113 $12.0M Reduce -0.2%
SUN Sunoco LP 0.47% 228,429 $11.4M Add +58.2%
V Visa Inc. Class A 0.40% 28,844 $9.8M Add +3.6%
WMT Walmart Inc. 0.38% 91,196 $9.4M Reduce -0.2%
ENB Enbridge Inc. 0.36% 175,311 $8.8M Add +1.7%
AZO AutoZone Inc. 0.34% 1,943 $8.3M Reduce -0.1%
AMZN Amazon.com Inc. 0.28% 31,304 $6.9M Add +0.9%
MA Mastercard Inc. Class A 0.28% 11,893 $6.8M Reduce -1.1%
ORCL Oracle Corp. 0.26% 22,991 $6.5M Reduce -1.1%
OAKC Oakworth Capital Inc. 0.26% 197,699 $6.4M No change
GOOGL Alphabet Inc. Class A 0.26% 26,008 $6.3M Add +4.3%
META Meta Platforms Inc. Class A 0.22% 7,210 $5.3M Add +1.8%
GOOG Alphabet Inc. Class C 0.17% 16,980 $4.1M Reduce -0.4%
HESM Hess Midstream LP Class A 0.17% 118,663 $4.1M No change
JNJ Johnson & Johnson 0.13% 17,753 $3.3M Reduce -0.4%
UNH Unitedhealth Group Inc. 0.13% 9,428 $3.3M Add +3.2%
BATRA Atlanta Braves Holdings in-A 0.12% 62,744 $2.9M No change
BX Blackstone Inc. 0.11% 16,189 $2.8M Reduce -0.0%
GE General Electric filed as GE AEROSPACE 0.11% 9,090 $2.7M Reduce -0.6%
KO The Coca-Cola Co. 0.11% 40,747 $2.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 3,693 $2.5M No change
PM Philip Morris International 0.09% 14,175 $2.3M No change
HWC Hancock Whitney Corp. 0.08% 33,020 $2.1M No change
HCA HCA Healthcare Inc. 0.08% 4,651 $2.0M Reduce -0.0%
XOM Exxon Mobil Corp. 0.07% 14,792 $1.7M Reduce -0.9%
SBUX Starbucks Corp. 0.07% 19,050 $1.6M Reduce -0.0%
CRM Salesforce Inc. 0.06% 6,330 $1.5M Reduce -19.9%
GEV GE Vernova Inc. 0.06% 2,423 $1.5M No change
PG The Procter & Gamble Co. 0.06% 9,663 $1.5M No change
CVX Chevron Corp. 0.05% 7,515 $1.2M No change
SHW The Sherwin-Williams Co. 0.05% 3,297 $1.1M No change
INTC Intel Corp. 0.04% 29,805 $1.0M Reduce -3.3%
PBA Pembina Pipeline Corp. 0.04% 24,000 $971K No change
SSNLF Samsung Electronics Co. Ltd. 0.04% 15,000 $897K No change
BBVA Banco Bilbao Vizcaya-SP ADR 0.04% 44,900 $864K No change
CQP Cheniere Energy Partners LP 0.03% 14,922 $803K Add +0.2%
D Dominion Energy Inc. 0.03% 12,544 $767K No change
OBK Origin Bancorp Inc. 0.03% 21,400 $739K Reduce -1.0%
COST Costco Wholesale Corp. 0.03% 775 $717K No change
CAT Caterpillar Inc. 0.03% 1,500 $716K No change
LULU Lululemon Athletica Inc. 0.03% 3,852 $685K Reduce -7.2%
CL Colgate-Palmolive Co. 0.03% 8,328 $666K No change
ONON On Holding AG Class A filed as ON HLDG AG 0.03% 15,455 $655K Add +0.6%
PEP Pepsico Inc. 0.03% 4,575 $643K No change
TGT Target Corp. 0.03% 6,815 $611K Reduce -1.7%
MTG Mgic Investment Corp. 0.02% 21,500 $610K No change
TRP TC Energy Corp. 0.02% 10,403 $566K No change
DINO HF Sinclair Corp. 0.02% 10,000 $523K No change
BA The Boeing Co. 0.02% 2,382 $514K Reduce -2.3%
JPM JPMorgan Chase & Co. 0.02% 1,571 $496K No change
MPC Marathon Petroleum Corp. 0.02% 2,315 $446K No change
HD Home Depot Inc. 0.02% 1,071 $434K Add +0.9%
CRK Comstock Resources Inc. 0.02% 21,450 $425K Add +2.1%
FISV Fiserv Inc. 0.02% 3,114 $401K Add +120.2%
NSRGF Nestle SA-Reg 0.02% 4,250 $393K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 7,500 $387K No change
EQT Eqt Corp. 0.02% 7,000 $381K No change
COIN Coinbase Global Inc. Class A 0.02% 1,125 $380K No change
CADE Cadence Bank 0.02% 10,000 $375K No change
AR Antero Resources Corp. 0.01% 10,540 $354K Add +10.5%
APO Apollo Global Management Inc. 0.01% 2,543 $339K No change
RKLIF Rentokil Initial PLC 0.01% 64,350 $326K No change
EXE Expand Energy Corp. 0.01% 3,034 $322K Add +19.7%
VFIAX Vanguard 500 Index-Adm 0.01% 485 $299K Reduce -14.9%
NKE Nike Inc. Class B 0.01% 4,210 $294K Reduce -6.2%
FHN First Horizon Corp. 0.01% 12,319 $279K No change
MAA Mid-America Apartment Comm 0.01% 2,000 $279K No change
SLM SLM Corp. 0.01% 9,500 $263K No change
SO The Southern Co. 0.01% 2,600 $246K No change
LACAX Columbia Acorn Fund Class A 0.01% 27,155 $240K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 850 $240K No change
AXP American Express Co. 0.01% 640 $213K No change
MO Altria Group Inc. 0.01% 3,200 $211K New

Portfolio Sells Q2 2025 → Q3 2025
WES Western Midstream Partners L Reduce -13.8% 9.41% −1.03
ET Energy Transfer LP Reduce -2.7% 11.02% −0.61
GEL Genesis Energy L.P. Reduce -19.9% 1.94% −0.49
EPD Enterprise Products Partners Reduce -10.1% 6.34% −0.45
LNG Cheniere Energy Inc. Reduce -3.4% 7.01% −0.30
AM Antero Midstream Corp. Reduce -26.1% 1.00% −0.28
TRGP Targa Resources Corp. Reduce -0.3% 12.50% −0.16
DTM DT Midstream Inc. Reduce -10.9% 1.29% −0.08
WMB Williams Cos Inc. Reduce -4.3% 8.19% −0.05
KMI Kinder Morgan Inc. Reduce -2.8% 0.92% −0.04
CRM Salesforce Inc. Reduce -19.9% 0.06% −0.02
LULU Lululemon Athletica Inc. Reduce -7.2% 0.03% −0.01
CTVA Corteva Inc. Sold out 0.00% −0.01
DD Dupont DE Nemours Inc. Sold out 0.00% −0.01
MED Medifast Inc. Sold out 0.00% −0.01
SBUX Starbucks Corp. Reduce -0.0% 0.07% −0.00
TGT Target Corp. Reduce -1.7% 0.03% −0.00
VFIAX Vanguard 500 Index-Adm Reduce -14.9% 0.01% −0.00
NKE Nike Inc. Class B Reduce -6.2% 0.01% −0.00
OBK Origin Bancorp Inc. Reduce -1.0% 0.03% −0.00
BA The Boeing Co. Reduce -2.3% 0.02% +0.00
KKR KKR & Co. Inc. Reduce -0.2% 0.53% +0.00
XOM Exxon Mobil Corp. Reduce -0.9% 0.07% +0.00
MA Mastercard Inc. Class A Reduce -1.1% 0.28% +0.01
HCA HCA Healthcare Inc. Reduce -0.0% 0.08% +0.01
INTC Intel Corp. Reduce -3.3% 0.04% +0.01
BX Blackstone Inc. Reduce -0.0% 0.11% +0.02
GE General Electric Reduce -0.6% 0.11% +0.02
JNJ Johnson & Johnson Reduce -0.4% 0.13% +0.03
WMT Walmart Inc. Reduce -0.2% 0.38% +0.03
GOOG Alphabet Inc. Class C Reduce -0.4% 0.17% +0.05
AZO AutoZone Inc. Reduce -0.1% 0.34% +0.05
ORCL Oracle Corp. Reduce -1.1% 0.26% +0.06
PSX Phillips 66 Reduce -5.2% 0.80% +0.08
NVDA Nvidia Corp. Reduce -0.2% 0.49% +0.09
AAPL Apple Inc. Reduce -0.4% 1.34% +0.29

Portfolio Buys Q2 2025 → Q3 2025
OKE Oneok Inc. Add +26.9% 8.06% +1.16
KNTK Kinetik Holdings Inc. Add +63.9% 1.92% +0.75
MPLX MPLX LP Add +2.2% 11.46% +0.23
SUN Sunoco LP Add +58.2% 0.47% +0.16
PAGP Plains GP Holdings LP Add +5.9% 6.58% +0.15
GOOGL Alphabet Inc. Class A Add +4.3% 0.26% +0.08
ENB Enbridge Inc. Add +1.7% 0.36% +0.05
PAA Plains All Amer Pipeline LP Add +7.0% 1.91% +0.05
MSFT Microsoft Corp. Add +0.0% 0.59% +0.04
UNH Unitedhealth Group Inc. Add +3.2% 0.13% +0.02
AMZN Amazon.com Inc. Add +0.9% 0.28% +0.01
V Visa Inc. Class A Add +3.6% 0.40% +0.01
META Meta Platforms Inc. Class A Add +1.8% 0.22% +0.01
MO Altria Group Inc. New 0.01% +0.01
FISV Fiserv Inc. Add +120.2% 0.02% +0.01
IMLPX Maingate MLP Fund-I Add +0.7% 0.50% +0.00
HD Home Depot Inc. Add +0.9% 0.02% +0.00
EXE Expand Energy Corp. Add +19.7% 0.01% +0.00
CQP Cheniere Energy Partners LP Add +0.2% 0.03% −0.00
AR Antero Resources Corp. Add +10.5% 0.01% −0.00
ONON On Holding AG Class A Add +0.6% 0.03% −0.01
CRK Comstock Resources Inc. Add +2.1% 0.02% −0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 97$2.8BTRGP, ET, MPLX, WES, WMB
Q1 2026 95$2.8BTRGP, ET, MPLX, WES, WMB
Q4 2025 93$2.4BTRGP, MPLX, ET, WES, OKE
Q3 2025 93$2.4BTRGP, MPLX, ET, WES, WMB
Q2 2025 95$2.5BTRGP, ET, MPLX, WES, WMB
Q1 2025 94$2.6BTRGP, MPLX, ET, WES, OKE
Q4 2024 96$2.5BTRGP, ET, MPLX, WES, OKE
Q3 2024 100$2.3BTRGP, WES, MPLX, ET, ENLC
Q2 2024 98$2.3BTRGP, WES, ET, MPLX, ENLC
Q1 2024 96$2.1BTRGP, WES, ET, MPLX, ENLC