Fractal Investments LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Fractal Investments LLC reported 81 stock positions worth $550.7 million. Its top holding was Energy Transfer (ET) at 15.7% of the portfolio, followed by MPLX (MPLX, 13.3%) and Plains All Amer Pipeline (PAA, 12.2%). Compared with Q4 2023, it opened 13 new positions, sold out of 6, added to 6 and reduced 7. The biggest buy was MPLX (MPLX, shares +20%) and the biggest sale Cheniere Energy (LNG, shares −79%).

Most Recent 13F
Q2 2026
Location
Glastonbury, CT
CIK
0001843590
Portfolio Value
$550.7M (Q1 2024)
SEC Filing
0001843590-24-000003 ↗ filed May 9, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $550.7M $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 Q2 2026

Holdings 81 stocks · $550.7M
ET Energy Transfer LP 15.67% 5,486,543 $86.3M No change
MPLX MPLX LP 13.27% 1,758,849 $73.1M Add +20.3%
PAA Plains All Amer Pipeline LP 12.20% 3,825,658 $67.2M Add +17.2%
EPD Enterprise Products Partners 11.56% 2,181,309 $63.7M No change
WES Western Midstream Partners L 8.98% 1,390,561 $49.4M No change
ENLC Enlink Midstream LLC 5.39% 2,177,607 $29.7M No change
NS Nustar Energy LP 4.55% 1,076,707 $25.1M Add +67.3%
TRGP Targa Resources Corp. 4.25% 209,174 $23.4M Reduce -27.0%
OKE Oneok Inc. 3.75% 257,775 $20.7M No change
SUN Sunoco LP 2.65% 242,000 $14.6M No change
WMB Williams Cos Inc. 2.62% 370,000 $14.4M No change
CQP Cheniere Energy Partners LP 1.74% 194,126 $9.6M Add +3.7%
KMI Kinder Morgan Inc. 1.66% 499,468 $9.2M Reduce -27.2%
GLP Global Partners LP 1.57% 195,234 $8.7M No change
HESM Hess Midstream LP Class A 1.54% 235,247 $8.5M No change
LNG Cheniere Energy Inc. 0.88% 30,000 $4.8M Reduce -79.3%
NGL NGL Energy Partners LP 0.87% 832,479 $4.8M No change
SPH Suburban Propane Partners LP 0.80% 214,864 $4.4M Add +3.6%
GEL Genesis Energy L.P. 0.60% 297,519 $3.3M Add +9.7%
DTM DT Midstream Inc. 0.37% 33,390 $2.0M No change
DINO HF Sinclair Corp. 0.22% 20,223 $1.2M No change
GEHC GE Healthcare Technology 0.21% 12,601 $1.1M No change
KNTK Kinetik Holdings Inc. 0.20% 27,502 $1.1M No change
NUE Nucor Corp. 0.18% 5,023 $994K No change
NVT Nvent Electric PLC 0.17% 12,497 $942K No change
OTIS Otis Worldwide Corp. 0.17% 9,400 $933K No change
KNF Knife River Corp. 0.17% 11,400 $924K No change
MPC Marathon Petroleum Corp. 0.15% 4,011 $808K Reduce -33.1%
STLD Steel Dynamics Inc. 0.15% 5,437 $806K No change
XOM Exxon Mobil Corp. 0.14% 6,700 $779K No change
VNT Vontier Corp. 0.14% 17,000 $771K No change
TECK Teck Resources Ltd.-CLS B 0.13% 16,218 $742K No change
MBC Masterbrand Inc. 0.13% 39,000 $731K No change
CVX Chevron Corp. 0.12% 4,200 $663K No change
CR Crane Co. 0.12% 4,900 $662K No change
ESAB Esab Corp. 0.12% 5,777 $639K No change
CARR Carrier Global Corp. 0.11% 10,316 $600K Reduce -29.4%
FCX Freeport-McMoran Inc. 0.10% 11,568 $544K No change
RIO Rio Tinto PLC-Spon ADR 0.09% 8,200 $523K No change
BHP BHP Group Ltd.-Spon ADR 0.09% 9,000 $519K No change
X United States Steel Corp. 0.09% 11,700 $477K No change
COP Conocophillips 0.08% 3,600 $458K No change
VLTO Veralto Corp. 0.08% 5,000 $443K No change
SCCO Southern Copper Corp. 0.08% 4,100 $437K No change
DKL Delek Logistics Partners LP 0.08% 10,559 $433K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.08% 5,100 $424K No change
OGN Organon & Co. 0.08% 22,000 $414K New
PSX Phillips 66 0.07% 2,500 $408K No change
CXT Crane NXT Co. 0.07% 5,880 $364K Reduce -37.5%
VLO Valero Energy Corp. 0.06% 2,000 $341K No change
RS Reliance Inc. 0.06% 1,000 $334K No change
IP International Paper Co. 0.06% 8,500 $332K No change
PHIN Phinia Inc. 0.05% 7,500 $288K No change
RXO Rxo Inc. 0.05% 13,083 $286K New
HAL Halliburton Co. 0.05% 7,200 $284K No change
FTRE Fortrea Holdings Inc. 0.05% 7,000 $281K No change
GE General Electric 0.05% 1,600 $281K No change
APA Apa Corp. 0.05% 7,764 $267K No change
FTV Fortive Corp. 0.05% 3,100 $267K No change
MLI Mueller Industries Inc. 0.05% 4,926 $266K No change
CAT Caterpillar Inc. 0.05% 700 $257K New
GM General Motors Co. 0.05% 5,600 $254K New
ETN Eaton Corp. PLC 0.05% 800 $250K New
DE Deere & Co. 0.04% 600 $246K No change
BG Bunge Global SA 0.04% 2,400 $246K No change
WLK Westlake Corp. 0.04% 1,600 $244K No change
TDG Transdigm Group Inc. 0.04% 195 $240K New
TT Trane Technologies PLC 0.04% 800 $240K New
PH Parker Hannifin Corp. 0.04% 430 $239K New
IR Ingersoll-Rand Inc. 0.04% 2,500 $237K New
SU Suncor Energy Inc. 0.04% 6,400 $236K No change
VSTS Vestis Corp. 0.04% 12,012 $231K Reduce -52.3%
CSL Carlisle Cos Inc. 0.04% 570 $223K New
MHK Mohawk Industries Inc. 0.04% 1,700 $223K New
CSX CSX Corp. 0.04% 6,000 $222K New
SXC Suncoke Energy Inc. 0.04% 19,200 $216K No change
ITW Illinois Tool Works 0.04% 800 $215K New
FIP Ftai Infrastructure Inc. 0.04% 33,000 $207K No change
B Barrick Gold Corp. 0.04% 12,400 $206K No change
HLN Haleon PLC-ADR 0.03% 21,106 $179K No change
GGB Gerdau SA -Spon ADR 0.02% 27,720 $123K No change

Portfolio Sells Q4 2023 → Q1 2024
LNG Cheniere Energy Inc. Reduce -79.3% 0.88% −4.20
TRGP Targa Resources Corp. Reduce -27.0% 4.25% −0.87
KMI Kinder Morgan Inc. Reduce -27.2% 1.66% −0.83
GLD SPDR Gold Shares Sold out 0.00% −0.13
NEM Newmont Corp. Sold out 0.00% −0.09
NTR Nutrien Ltd. Sold out 0.00% −0.09
GXO Gxo Logistics Inc. Sold out 0.00% −0.09
VSTS Vestis Corp. Reduce -52.3% 0.04% −0.07
CARR Carrier Global Corp. Reduce -29.4% 0.11% −0.06
SQM Quimica Y Minera Chil-SP ADR Sold out 0.00% −0.05
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.04
CXT Crane NXT Co. Reduce -37.5% 0.07% −0.04
MPC Marathon Petroleum Corp. Reduce -33.1% 0.15% −0.04

Portfolio Buys Q4 2023 → Q1 2024
MPLX MPLX LP Add +20.3% 13.27% +2.23
NS Nustar Energy LP Add +67.3% 4.55% +2.08
PAA Plains All Amer Pipeline LP Add +17.2% 12.20% +2.03
OGN Organon & Co. New 0.08% +0.08
RXO Rxo Inc. New 0.05% +0.05
CAT Caterpillar Inc. New 0.05% +0.05
GM General Motors Co. New 0.05% +0.05
ETN Eaton Corp. PLC New 0.05% +0.05
TDG Transdigm Group Inc. New 0.04% +0.04
TT Trane Technologies PLC New 0.04% +0.04
PH Parker Hannifin Corp. New 0.04% +0.04
IR Ingersoll-Rand Inc. New 0.04% +0.04
CSL Carlisle Cos Inc. New 0.04% +0.04
CSX CSX Corp. New 0.04% +0.04
MHK Mohawk Industries Inc. New 0.04% +0.04
SPH Suburban Propane Partners LP Add +3.6% 0.80% +0.04
ITW Illinois Tool Works New 0.04% +0.04
GEL Genesis Energy L.P. Add +9.7% 0.60% −0.05
CQP Cheniere Energy Partners LP Add +3.7% 1.74% −0.18

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