Chickasaw Capital Management LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 12, 2026), Chickasaw Capital Management LLC reported 93 stock positions worth $2.4 billion. Its top holding was Targa Resources (TRGP) at 13.9% of the portfolio, followed by MPLX (MPLX, 11.9%) and Energy Transfer (ET, 10.5%). Compared with Q3 2025, it opened 5 new positions, sold out of 5, added to 30 and reduced 32. The biggest buy was Targa Resources (TRGP, shares +0%) and the biggest sale Cheniere Energy (LNG, shares −1%).

Most Recent 13F
Q2 2026
Location
MEMPHIS, TN
CIK
0001276460
Portfolio Value
$2.4B (Q4 2025)
SEC Filing
0001276460-26-000003 ↗ filed Jan 12, 2026

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 Q3 2025 Q4 2025: $2.4B $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. 13.95% 1,834,117 $338.4M Add +0.5%
MPLX MPLX LP 11.94% 5,429,906 $289.8M Reduce -3.2%
ET Energy Transfer LP 10.53% 15,496,547 $255.5M Reduce -1.4%
WES Western Midstream Partners L 9.21% 5,655,505 $223.4M Reduce -3.5%
OKE Oneok Inc. 8.21% 2,709,534 $199.2M Add +0.2%
WMB Williams Cos Inc. 7.56% 3,051,969 $183.5M Reduce -3.5%
PAGP Plains GP Holdings LP 6.96% 8,819,184 $168.8M Reduce -0.1%
EPD Enterprise Products Partners 6.35% 4,805,291 $154.1M Reduce -3.1%
LNG Cheniere Energy Inc. 5.77% 720,125 $140.0M Reduce -1.4%
PAA Plains All Amer Pipeline LP 2.01% 2,721,420 $48.9M Reduce -0.6%
GEL Genesis Energy L.P. 1.80% 2,799,160 $43.7M Reduce -1.6%
KNTK Kinetik Holdings Inc. 1.69% 1,137,460 $41.0M Add +3.5%
AAPL Apple Inc. 1.43% 127,794 $34.7M Reduce -0.8%
DTM DT Midstream Inc. 1.38% 279,940 $33.5M Add +0.3%
AM Antero Midstream Corp. 1.03% 1,409,183 $25.1M Add +11.7%
KMI Kinder Morgan Inc. 0.90% 792,141 $21.8M Add +0.1%
PSX Phillips 66 0.76% 143,779 $18.6M Reduce -0.6%
MSFT Microsoft Corp. 0.56% 28,142 $13.6M Add +1.5%
KKR KKR & Co. Inc. 0.53% 100,873 $12.9M Add +0.8%
IMLPX Maingate MLP Fund-I 0.51% 1,230,898 $12.3M Add +1.0%
NVDA Nvidia Corp. 0.49% 64,120 $12.0M Add +0.0%
SUN Sunoco LP 0.49% 227,298 $11.9M Reduce -0.5%
WMT Walmart Inc. 0.42% 91,550 $10.2M Add +0.4%
V Visa Inc. Class A 0.42% 28,954 $10.2M Add +0.4%
ENB Enbridge Inc. 0.35% 177,280 $8.5M Add +1.1%
GOOGL Alphabet Inc. Class A 0.34% 26,262 $8.2M Add +1.0%
OAKC Oakworth Capital Inc. 0.31% 197,699 $7.6M No change
AMZN Amazon.com Inc. 0.31% 32,637 $7.5M Add +4.3%
MA Mastercard Inc. Class A 0.29% 12,129 $6.9M Add +2.0%
AZO AutoZone Inc. 0.28% 1,972 $6.7M Add +1.5%
GOOG Alphabet Inc. Class C 0.22% 17,011 $5.3M Add +0.2%
META Meta Platforms Inc. Class A 0.21% 7,600 $5.0M Add +5.4%
ORCL Oracle Corp. 0.19% 23,173 $4.5M Add +0.8%
HESM Hess Midstream LP Class A 0.18% 124,544 $4.3M Add +5.0%
JNJ Johnson & Johnson 0.15% 17,553 $3.6M Reduce -1.1%
UNH Unitedhealth Group Inc. 0.13% 9,842 $3.2M Add +4.4%
UBER Uber Technologies Inc. 0.12% 36,163 $3.0M New
KO The Coca-Cola Co. 0.12% 40,532 $2.8M Reduce -0.5%
BATRA Atlanta Braves Holdings in-A 0.11% 62,744 $2.7M No change
GE General Electric filed as GE AEROSPACE 0.11% 8,615 $2.7M Reduce -5.2%
BX Blackstone Inc. 0.11% 16,747 $2.6M Add +3.5%
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
HCA HCA Healthcare Inc. 0.09% 4,596 $2.1M Reduce -1.2%
HWC Hancock Whitney Corp. 0.09% 33,020 $2.1M No change
XOM Exxon Mobil Corp. 0.07% 14,792 $1.8M No change
GEV GE Vernova Inc. 0.06% 2,403 $1.6M Reduce -0.8%
SBUX Starbucks Corp. 0.06% 18,191 $1.5M Reduce -4.5%
PG The Procter & Gamble Co. 0.06% 9,683 $1.4M Add +0.2%
SSNLF Samsung Electronics Co. Ltd. 0.05% 15,000 $1.2M No change
CVX Chevron Corp. 0.05% 7,515 $1.1M No change
SHW The Sherwin-Williams Co. 0.04% 3,317 $1.1M Add +0.6%
BBVA Banco Bilbao Vizcaya-SP ADR 0.04% 45,536 $1.1M Add +1.4%
INTC Intel Corp. 0.04% 28,205 $1.0M Reduce -5.4%
PBA Pembina Pipeline Corp. 0.04% 24,000 $913K No change
CAT Caterpillar Inc. 0.04% 1,500 $859K No change
LULU Lululemon Athletica Inc. 0.03% 3,768 $783K Reduce -2.2%
OBK Origin Bancorp Inc. 0.03% 20,110 $756K Reduce -6.0%
COST Costco Wholesale Corp. 0.03% 846 $730K Add +9.2%
ONON On Holding AG Class A filed as ON HLDG AG 0.03% 15,130 $703K Reduce -2.1%
CQP Cheniere Energy Partners LP 0.03% 12,613 $675K Reduce -15.5%
PEP Pepsico Inc. 0.03% 4,639 $666K Add +1.4%
CL Colgate-Palmolive Co. 0.03% 8,328 $658K No change
D Dominion Energy Inc. 0.03% 10,872 $637K Reduce -13.3%
MTG Mgic Investment Corp. 0.03% 21,500 $628K No change
TGT Target Corp. 0.02% 5,600 $547K Reduce -17.8%
JPM JPMorgan Chase & Co. 0.02% 1,566 $505K Reduce -0.3%
CRK Comstock Resources Inc. 0.02% 21,710 $503K Add +1.2%
TRP TC Energy Corp. 0.02% 8,602 $473K Reduce -17.3%
DINO HF Sinclair Corp. 0.02% 10,000 $461K No change
AMLP Alerian MLP ETF 0.02% 9,550 $449K New
BA The Boeing Co. 0.02% 2,052 $446K Reduce -13.8%
NSRGF Nestle SA-Reg 0.02% 4,250 $423K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.02% 7,500 $412K No change
RKLIF Rentokil Initial PLC 0.02% 64,350 $387K No change
EQT Eqt Corp. 0.02% 7,000 $375K No change
HD Home Depot Inc. 0.02% 1,071 $369K No change
APO Apollo Global Management Inc. 0.02% 2,543 $368K No change
CADE Cadence Bank 0.01% 8,500 $364K Reduce -15.0%
EXE Expand Energy Corp. 0.01% 3,034 $335K No change
AR Antero Resources Corp. 0.01% 9,500 $327K Reduce -9.9%
MPC Marathon Petroleum Corp. 0.01% 2,000 $325K Reduce -13.6%
FHN First Horizon Corp. 0.01% 12,319 $294K No change
MAA Mid-America Apartment Comm 0.01% 2,000 $278K No change
AXP American Express Co. 0.01% 694 $257K Add +8.4%
SLM SLM Corp. 0.01% 9,500 $257K No change
COIN Coinbase Global Inc. Class A 0.01% 1,125 $254K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 850 $252K No change
MRK Merck & Co. Inc. 0.01% 2,363 $249K New
SO The Southern Co. 0.01% 2,600 $227K No change
GEHC GE Healthcare Technology 0.01% 2,649 $217K New
NKE Nike Inc. Class B 0.01% 3,290 $210K Reduce -21.9%
AWSHX Amer FND Wash MTL Inv-A filed as AMERICAN FUNDS WASHINGTON MUTUAL A 0.01% 3,098 $202K New

Portfolio Sells Q3 2025 → Q4 2025
LNG Cheniere Energy Inc. Reduce -1.4% 5.77% −1.24
WMB Williams Cos Inc. Reduce -3.5% 7.56% −0.63
ET Energy Transfer LP Reduce -1.4% 10.53% −0.49
WES Western Midstream Partners L Reduce -3.5% 9.21% −0.20
GEL Genesis Energy L.P. Reduce -1.6% 1.80% −0.14
CRM Salesforce Inc. Sold out 0.00% −0.06
PSX Phillips 66 Reduce -0.6% 0.76% −0.04
FISV Fiserv Inc. Sold out 0.00% −0.02
VFIAX Vanguard 500 Index-Adm Sold out 0.00% −0.01
LACAX Columbia Acorn Fund Class A Sold out 0.00% −0.01
MO Altria Group Inc. Sold out 0.00% −0.01
D Dominion Energy Inc. Reduce -13.3% 0.03% −0.01
CQP Cheniere Energy Partners LP Reduce -15.5% 0.03% −0.01
MPC Marathon Petroleum Corp. Reduce -13.6% 0.01% −0.00
TRP TC Energy Corp. Reduce -17.3% 0.02% −0.00
NKE Nike Inc. Class B Reduce -21.9% 0.01% −0.00
SBUX Starbucks Corp. Reduce -4.5% 0.06% −0.00
BA The Boeing Co. Reduce -13.8% 0.02% −0.00
GE General Electric Reduce -5.2% 0.11% −0.00
TGT Target Corp. Reduce -17.8% 0.02% −0.00
AR Antero Resources Corp. Reduce -9.9% 0.01% −0.00
CADE Cadence Bank Reduce -15.0% 0.01% −0.00
JPM JPMorgan Chase & Co. Reduce -0.3% 0.02% +0.00
OBK Origin Bancorp Inc. Reduce -6.0% 0.03% +0.00
INTC Intel Corp. Reduce -5.4% 0.04% +0.00
ONON On Holding AG Class A Reduce -2.1% 0.03% +0.00
GEV GE Vernova Inc. Reduce -0.8% 0.06% +0.00
LULU Lululemon Athletica Inc. Reduce -2.2% 0.03% +0.00
KO The Coca-Cola Co. Reduce -0.5% 0.12% +0.01
HCA HCA Healthcare Inc. Reduce -1.2% 0.09% +0.01
EPD Enterprise Products Partners Reduce -3.1% 6.35% +0.01
JNJ Johnson & Johnson Reduce -1.1% 0.15% +0.02
SUN Sunoco LP Reduce -0.5% 0.49% +0.02
AAPL Apple Inc. Reduce -0.8% 1.43% +0.09
PAA Plains All Amer Pipeline LP Reduce -0.6% 2.01% +0.11
PAGP Plains GP Holdings LP Reduce -0.1% 6.96% +0.37
MPLX MPLX LP Reduce -3.2% 11.94% +0.49

Portfolio Buys Q3 2025 → Q4 2025
TRGP Targa Resources Corp. Add +0.5% 13.95% +1.45
OKE Oneok Inc. Add +0.2% 8.21% +0.14
UBER Uber Technologies Inc. New 0.12% +0.12
DTM DT Midstream Inc. Add +0.3% 1.38% +0.09
GOOGL Alphabet Inc. Class A Add +1.0% 0.34% +0.08
GOOG Alphabet Inc. Class C Add +0.2% 0.22% +0.05
WMT Walmart Inc. Add +0.4% 0.42% +0.04
AM Antero Midstream Corp. Add +11.7% 1.03% +0.03
AMZN Amazon.com Inc. Add +4.3% 0.31% +0.03
AMLP Alerian MLP ETF New 0.02% +0.02
V Visa Inc. Class A Add +0.4% 0.42% +0.02
MRK Merck & Co. Inc. New 0.01% +0.01
HESM Hess Midstream LP Class A Add +5.0% 0.18% +0.01
GEHC GE Healthcare Technology New 0.01% +0.01
MA Mastercard Inc. Class A Add +2.0% 0.29% +0.01
BBVA Banco Bilbao Vizcaya-SP ADR Add +1.4% 0.04% +0.01
AWSHX Amer FND Wash MTL Inv-A New 0.01% +0.01
IMLPX Maingate MLP Fund-I Add +1.0% 0.51% +0.01
NVDA Nvidia Corp. Add +0.0% 0.49% +0.00
CRK Comstock Resources Inc. Add +1.2% 0.02% +0.00
AXP American Express Co. Add +8.4% 0.01% +0.00
PEP Pepsico Inc. Add +1.4% 0.03% +0.00
UNH Unitedhealth Group Inc. Add +4.4% 0.13% +0.00
COST Costco Wholesale Corp. Add +9.2% 0.03% +0.00
KKR KKR & Co. Inc. Add +0.8% 0.53% −0.00
SHW The Sherwin-Williams Co. Add +0.6% 0.04% −0.00
PG The Procter & Gamble Co. Add +0.2% 0.06% −0.00
BX Blackstone Inc. Add +3.5% 0.11% −0.01
META Meta Platforms Inc. Class A Add +5.4% 0.21% −0.01
ENB Enbridge Inc. Add +1.1% 0.35% −0.01
KMI Kinder Morgan Inc. Add +0.1% 0.90% −0.02
MSFT Microsoft Corp. Add +1.5% 0.56% −0.03
AZO AutoZone Inc. Add +1.5% 0.28% −0.07
ORCL Oracle Corp. Add +0.8% 0.19% −0.08
KNTK Kinetik Holdings Inc. Add +3.5% 1.69% −0.23

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