Fractal Investments LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Fractal Investments LLC reported 80 stock positions worth $866.9 million. Its top holding was Energy Transfer (ET) at 12.1% of the portfolio, followed by MPLX (MPLX, 10.8%) and Plains All Amer Pipeline (PAA, 9.3%). Compared with Q1 2026, it opened 10 new positions, sold out of 11, added to 13 and reduced 4. The biggest buy was Targa Resources (TRGP, shares +22%) and the biggest sale MPLX (MPLX, shares −19%).

Most Recent 13F
Q2 2026
Location
Glastonbury, CT
CIK
0001843590
Portfolio Value
$866.9M (Q2 2026)
SEC Filing
0002085853-26-000824 ↗ filed Jul 23, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $550.7M Q1 2024 Q2 2024: $574.6M Q2 2024 Q3 2024: $591.6M Q3 2024 Q4 2024: $653.5M Q4 2024 Q1 2025: $719.6M Q1 2025 Q2 2025: $701.0M Q2 2025 Q3 2025: $692.7M Q3 2025 Q4 2025: $716.2M Q4 2025 Q1 2026: $845.0M Q1 2026 Q2 2026: $866.9M $866.9M Q2 2026

Holdings 80 stocks · $866.9M
ET Energy Transfer LP 12.07% 5,471,353 $104.6M Add +13.5%
MPLX MPLX LP 10.84% 1,668,116 $94.0M Reduce -18.7%
PAA Plains All Amer Pipeline LP 9.31% 3,625,784 $80.7M No change
EPD Enterprise Products Partners 7.79% 1,837,044 $67.5M No change
WES Western Midstream Partners L 7.70% 1,524,646 $66.7M Reduce -3.4%
WMB Williams Cos Inc. 7.20% 840,072 $62.5M Add +3.2%
TRGP Targa Resources Corp. 5.97% 193,089 $51.8M Add +21.9%
SUN Sunoco LP 5.31% 682,002 $46.0M Add +10.6%
TRP TC Energy Corp. 5.12% 670,000 $44.4M Add +3.2%
HESM Hess Midstream LP Class A 5.03% 1,160,420 $43.6M Reduce -2.1%
DTM DT Midstream Inc. 3.91% 230,999 $33.9M No change
KMI Kinder Morgan Inc. 3.86% 1,046,638 $33.5M No change
LNG Cheniere Energy Inc. 2.14% 77,685 $18.6M Add +15.3%
OKE Oneok Inc. 1.57% 156,630 $13.6M No change
NGL NGL Energy Partners LP 1.53% 832,479 $13.3M No change
CQP Cheniere Energy Partners LP 1.36% 194,126 $11.8M No change
GLP Global Partners LP 1.05% 195,234 $9.1M No change
SNDK Sandisk Corp. 0.89% 3,400 $7.7M Reduce -22.7%
AM Antero Midstream Corp. 0.61% 233,383 $5.3M Add +22.6%
GEL Genesis Energy L.P. 0.56% 343,243 $4.9M No change
GEV GE Vernova Inc. 0.54% 3,949 $4.6M No change
SPH Suburban Propane Partners LP 0.42% 214,864 $3.7M No change
ENB Enbridge Inc. 0.42% 67,500 $3.7M No change
Q Qnity Electronics Inc. 0.38% 20,000 $3.3M Add +17.6%
SOLS Solstice Adv Materials Inc. 0.29% 28,100 $2.5M Add +11.9%
WLKP Westlake Chemical Partners L 0.21% 80,400 $1.8M No change
CAT Caterpillar Inc. 0.16% 1,342 $1.4M Add +203.6%
NEM Newmont Corp. 0.16% 15,218 $1.4M No change
CR Crane Co. 0.16% 6,300 $1.4M Add +28.6%
KNTK Kinetik Holdings Inc. 0.15% 27,502 $1.3M No change
XOM Exxon Mobil Corp. 0.15% 9,710 $1.3M No change
SMC Summit Midstream Corp. 0.15% 45,000 $1.3M No change
PHIN Phinia Inc. 0.14% 14,900 $1.2M No change
CF CF Industries Holdings Inc. 0.13% 10,300 $1.1M No change
ECG Everus Construction Group 0.12% 6,400 $1.1M Add +30.6%
FCX Freeport-McMoran Inc. 0.11% 15,068 $948K No change
SHEL Shell PLC-ADR 0.10% 11,588 $899K No change
SU Suncor Energy Inc. 0.10% 16,400 $880K No change
KEYS Keysight Technologies Inc. 0.10% 2,500 $875K New
VLTO Veralto Corp. 0.09% 8,800 $780K No change
RIO Rio Tinto PLC-Spon ADR 0.09% 8,200 $778K No change
SCCO Southern Copper Corp. 0.09% 4,419 $770K Add +1.0%
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.09% 9,000 $750K No change
AEM Agnico Eagle Mines Ltd. 0.09% 4,809 $746K No change
RAL Ralliant Corp. 0.08% 10,000 $736K New
PH Parker Hannifin Corp. 0.08% 730 $714K No change
CVX Chevron Corp. 0.08% 4,200 $696K No change
STLD Steel Dynamics Inc. 0.07% 2,694 $618K No change
MLI Mueller Industries Inc. 0.07% 4,926 $606K No change
B Barrick Mining Corp. 0.07% 16,400 $602K No change
CON Concentra Group Holdings Par 0.07% 20,000 $595K New
MPC Marathon Petroleum Corp. 0.07% 2,291 $586K No change
NATL NCR Atleos Corp. 0.06% 12,700 $551K No change
DKL Delek Logistics Partners LP 0.06% 10,559 $544K No change
LLYVK Liberty Live Holdings Class C 0.06% 5,143 $543K No change
FTV Fortive Corp. 0.06% 8,400 $513K No change
SPHR Sphere Entertainment Co. 0.06% 2,900 $502K New
CEG Constellation Energy 0.06% 1,985 $493K No change
COP Conocophillips 0.05% 4,492 $467K No change
E Eni SPA-Sponsored ADR 0.05% 9,186 $430K No change
IMO Imperial Oil Ltd. 0.05% 3,710 $416K No change
TT Trane Technologies PLC 0.05% 800 $393K No change
CMC Commercial Metals Co. 0.04% 6,200 $389K No change
RS Reliance Inc. 0.04% 1,000 $374K No change
VLO Valero Energy Corp. 0.04% 1,360 $354K No change
PLD Prologis Inc. 0.04% 2,400 $325K No change
DINO HF Sinclair Corp. 0.04% 4,600 $320K No change
KEX Kirby Corp. 0.03% 2,200 $299K New
FTRE Fortrea Holdings Inc. 0.03% 17,000 $296K New
MT Arcelormittal-NY Registered 0.03% 4,800 $289K No change
RNA Atrium Therapeutics Inc. 0.03% 20,000 $269K No change
VGNT Versigent PLC 0.03% 6,000 $252K New
PAAS Pan American Silver Corp. 0.03% 5,567 $249K No change
GE General Electric filed as GE AEROSPACE 0.03% 660 $247K New
HAL Halliburton Co. 0.03% 7,200 $244K No change
RIG Transocean Ltd. 0.03% 48,000 $235K New
BKR Baker Hughes Co. 0.03% 3,900 $216K No change
GEF Greif Inc. Class A 0.02% 2,800 $209K New
FIP Ftai Infrastructure Inc. 0.02% 33,000 $153K No change
GGB Gerdau SA -Spon ADR 0.02% 33,264 $134K No change

Portfolio Sells Q1 2026 → Q2 2026
MPLX MPLX LP Reduce -18.7% 10.84% −3.01
HESM Hess Midstream LP Class A Reduce -2.1% 5.03% −0.42
GEHC GE Healthcare Technology Sold out 0.00% −0.11
NTR Nutrien Ltd. Sold out 0.00% −0.07
ESAB Esab Corp. Sold out 0.00% −0.07
GLD SPDR Gold Shares Sold out 0.00% −0.06
INGR Ingredion Inc. Sold out 0.00% −0.04
CARR Carrier Global Corp. Sold out 0.00% −0.04
APA Apa Corp. Sold out 0.00% −0.04
MRP Millrose Properties Sold out 0.00% −0.03
CTRA Coterra Energy Inc. Sold out 0.00% −0.03
ITRI Itron Inc. Sold out 0.00% −0.03
ICL Icl Group Ltd. Sold out 0.00% −0.02
WES Western Midstream Partners L Reduce -3.4% 7.70% +0.01
SNDK Sandisk Corp. Reduce -22.7% 0.89% +0.56

Portfolio Buys Q1 2026 → Q2 2026
TRGP Targa Resources Corp. Add +21.9% 5.97% +1.27
ET Energy Transfer LP Add +13.5% 12.07% +1.06
SUN Sunoco LP Add +10.6% 5.31% +0.57
TRP TC Energy Corp. Add +3.2% 5.12% +0.32
WMB Williams Cos Inc. Add +3.2% 7.20% +0.19
Q Qnity Electronics Inc. Add +17.6% 0.38% +0.14
CAT Caterpillar Inc. Add +203.6% 0.16% +0.13
KEYS Keysight Technologies Inc. New 0.10% +0.10
AM Antero Midstream Corp. Add +22.6% 0.61% +0.10
RAL Ralliant Corp. New 0.08% +0.08
CON Concentra Group Holdings Par New 0.07% +0.07
CR Crane Co. Add +28.6% 0.16% +0.06
SOLS Solstice Adv Materials Inc. Add +11.9% 0.29% +0.06
SPHR Sphere Entertainment Co. New 0.06% +0.06
ECG Everus Construction Group Add +30.6% 0.12% +0.05
KEX Kirby Corp. New 0.03% +0.03
FTRE Fortrea Holdings Inc. New 0.03% +0.03
VGNT Versigent PLC New 0.03% +0.03
GE General Electric New 0.03% +0.03
RIG Transocean Ltd. New 0.03% +0.03
GEF Greif Inc. Class A New 0.02% +0.02
SCCO Southern Copper Corp. Add +1.0% 0.09% −0.00
LNG Cheniere Energy Inc. Add +15.3% 2.14% −0.12

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 80$866.9MET, MPLX, PAA, EPD, WES
Q1 2026 81$845.0MMPLX, ET, PAA, EPD, WES
Q4 2025 80$716.2MMPLX, ET, PAA, WES, EPD
Q3 2025 77$692.7MMPLX, ET, PAA, WES, EPD
Q2 2025 76$701.0MMPLX, ET, PAA, EPD, WES
Q1 2025 73$719.6MMPLX, ET, PAA, EPD, WES
Q4 2024 76$653.5MET, MPLX, PAA, EPD, WES
Q3 2024 83$591.6MMPLX, ET, PAA, EPD, WES
Q2 2024 82$574.6MMPLX, ET, PAA, EPD, WES
Q1 2024 81$550.7MET, MPLX, PAA, EPD, WES