Fractal Investments LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 30, 2024), Fractal Investments LLC reported 82 stock positions worth $574.6 million. Its top holding was MPLX (MPLX) at 14.2% of the portfolio, followed by Energy Transfer (ET, 14.1%) and Plains All Amer Pipeline (PAA, 11.9%). Compared with Q1 2024, it opened 8 new positions, sold out of 7, added to 9 and reduced 6. The biggest buy was Sunoco (SUN, shares +178%) and the biggest sale an exit from Nustar Energy (NS).

Most Recent 13F
Q2 2026
Location
Glastonbury, CT
CIK
0001843590
Portfolio Value
$574.6M (Q2 2024)
SEC Filing
0001843590-24-000004 ↗ filed Jul 30, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $550.7M Q1 2024 Q2 2024: $574.6M $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 82 stocks · $574.6M
MPLX MPLX LP 14.16% 1,910,849 $81.4M Add +8.6%
ET Energy Transfer LP 14.14% 5,009,543 $81.3M Reduce -8.7%
PAA Plains All Amer Pipeline LP 11.89% 3,825,658 $68.3M No change
EPD Enterprise Products Partners 11.00% 2,181,309 $63.2M No change
WES Western Midstream Partners L 9.61% 1,390,561 $55.2M No change
SUN Sunoco LP 6.62% 672,682 $38.0M Add +178.0%
ENLC Enlink Midstream LLC 5.21% 2,177,607 $30.0M No change
TRGP Targa Resources Corp. 4.08% 182,145 $23.5M Reduce -12.9%
OKE Oneok Inc. 3.66% 257,775 $21.0M No change
WMB Williams Cos Inc. 2.74% 370,000 $15.7M No change
KMI Kinder Morgan Inc. 1.73% 499,468 $9.9M No change
CQP Cheniere Energy Partners LP 1.66% 194,126 $9.5M No change
TRP TC Energy Corp. 1.64% 249,000 $9.4M New
GLP Global Partners LP 1.55% 195,234 $8.9M No change
HESM Hess Midstream LP Class A 1.49% 235,247 $8.6M No change
LNG Cheniere Energy Inc. 1.38% 45,200 $7.9M Add +50.7%
GEL Genesis Energy L.P. 0.74% 297,519 $4.3M No change
NGL NGL Energy Partners LP 0.73% 832,479 $4.2M No change
SPH Suburban Propane Partners LP 0.71% 214,864 $4.1M No change
DTM DT Midstream Inc. 0.41% 33,390 $2.4M No change
SMLP Summit Midstream Partners LP 0.28% 45,000 $1.6M New
KNTK Kinetik Holdings Inc. 0.20% 27,502 $1.1M No change
DINO HF Sinclair Corp. 0.19% 20,223 $1.1M No change
GEHC GE Healthcare Technology 0.17% 12,601 $982K No change
NVT Nvent Electric PLC 0.17% 12,497 $957K No change
XOM Exxon Mobil Corp. 0.16% 7,861 $905K Add +17.3%
OTIS Otis Worldwide Corp. 0.16% 9,400 $905K No change
TECK Teck Resources Ltd.-CLS B 0.14% 16,218 $777K No change
VLTO Veralto Corp. 0.13% 7,800 $745K Add +56.0%
FCX Freeport-McMoran Inc. 0.13% 15,068 $732K Add +30.3%
CR Crane Co. 0.12% 4,900 $710K No change
STLD Steel Dynamics Inc. 0.12% 5,437 $704K No change
MPC Marathon Petroleum Corp. 0.12% 4,011 $696K No change
CVX Chevron Corp. 0.11% 4,200 $657K No change
CARR Carrier Global Corp. 0.11% 10,316 $651K No change
ESAB Esab Corp. 0.09% 5,777 $546K No change
RIO Rio Tinto PLC-Spon ADR 0.09% 8,200 $541K No change
PHIN Phinia Inc. 0.09% 13,200 $520K Add +76.0%
BHP BHP Group Ltd.-Spon ADR 0.09% 9,000 $514K No change
KNF Knife River Corp. 0.08% 6,702 $470K Reduce -41.2%
OGN Organon & Co. 0.08% 22,000 $455K No change
SCCO Southern Copper Corp. 0.08% 4,142 $446K Add +1.0%
X United States Steel Corp. 0.08% 11,700 $442K No change
MBC Masterbrand Inc. 0.07% 29,328 $431K Reduce -24.8%
DKL Delek Logistics Partners LP 0.07% 10,559 $427K No change
COP Conocophillips 0.07% 3,600 $412K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.07% 5,100 $378K No change
IP International Paper Co. 0.06% 8,500 $367K No change
CXT Crane NXT Co. 0.06% 5,880 $361K No change
PSX Phillips 66 0.06% 2,500 $353K No change
NATL NCR Atleos Corp. 0.06% 12,700 $343K New
RXO Rxo Inc. 0.06% 13,083 $342K No change
VLO Valero Energy Corp. 0.05% 2,000 $314K No change
VNT Vontier Corp. 0.05% 8,202 $313K Reduce -51.8%
NUE Nucor Corp. 0.05% 1,868 $295K Reduce -62.8%
RS Reliance Inc. 0.05% 1,000 $286K No change
FIP Ftai Infrastructure Inc. 0.05% 33,000 $285K No change
MLI Mueller Industries Inc. 0.05% 4,926 $280K No change
ARMK Aramark 0.05% 7,800 $265K New
TT Trane Technologies PLC 0.05% 800 $263K No change
GM General Motors Co. 0.05% 5,600 $260K No change
BG Bunge Global SA 0.04% 2,400 $256K No change
MMM 3M Co. 0.04% 2,500 $255K New
GE General Electric filed as GE AEROSPACE 0.04% 1,600 $254K No change
ETN Eaton Corp. PLC 0.04% 800 $251K No change
TDG Transdigm Group Inc. 0.04% 195 $249K No change
SU Suncor Energy Inc. 0.04% 6,400 $244K No change
HAL Halliburton Co. 0.04% 7,200 $243K No change
GFI Gold Fields Ltd.-Spons ADR 0.04% 16,000 $238K New
CAT Caterpillar Inc. 0.04% 700 $233K No change
WLK Westlake Corp. 0.04% 1,600 $232K No change
APA Apa Corp. 0.04% 7,764 $229K No change
IR Ingersoll-Rand Inc. 0.04% 2,500 $227K No change
DE Deere & Co. 0.04% 600 $224K No change
PH Parker Hannifin Corp. 0.04% 430 $217K No change
AEM Agnico Eagle Mines Ltd. 0.04% 3,309 $216K New
K Kellanova 0.04% 3,600 $208K New
B Barrick Gold Corp. 0.04% 12,400 $207K No change
CSX CSX Corp. 0.03% 6,000 $201K No change
SXC Suncoke Energy Inc. 0.03% 19,200 $188K No change
VSTS Vestis Corp. 0.03% 12,012 $147K No change
GGB Gerdau SA -Spon ADR 0.02% 33,264 $110K Add +20.0%

Portfolio Sells Q1 2024 → Q2 2024
NS Nustar Energy LP Sold out 0.00% −4.55
ET Energy Transfer LP Reduce -8.7% 14.14% −1.53
TRGP Targa Resources Corp. Reduce -12.9% 4.08% −0.17
NUE Nucor Corp. Reduce -62.8% 0.05% −0.13
KNF Knife River Corp. Reduce -41.2% 0.08% −0.09
VNT Vontier Corp. Reduce -51.8% 0.05% −0.09
MBC Masterbrand Inc. Reduce -24.8% 0.07% −0.06
FTRE Fortrea Holdings Inc. Sold out 0.00% −0.05
FTV Fortive Corp. Sold out 0.00% −0.05
CSL Carlisle Cos Inc. Sold out 0.00% −0.04
MHK Mohawk Industries Inc. Sold out 0.00% −0.04
ITW Illinois Tool Works Sold out 0.00% −0.04
HLN Haleon PLC-ADR Sold out 0.00% −0.03

Portfolio Buys Q1 2024 → Q2 2024
SUN Sunoco LP Add +178.0% 6.62% +3.97
TRP TC Energy Corp. New 1.64% +1.64
MPLX MPLX LP Add +8.6% 14.16% +0.89
LNG Cheniere Energy Inc. Add +50.7% 1.38% +0.50
SMLP Summit Midstream Partners LP New 0.28% +0.28
NATL NCR Atleos Corp. New 0.06% +0.06
VLTO Veralto Corp. Add +56.0% 0.13% +0.05
ARMK Aramark New 0.05% +0.05
MMM 3M Co. New 0.04% +0.04
GFI Gold Fields Ltd.-Spons ADR New 0.04% +0.04
PHIN Phinia Inc. Add +76.0% 0.09% +0.04
AEM Agnico Eagle Mines Ltd. New 0.04% +0.04
K Kellanova New 0.04% +0.04
FCX Freeport-McMoran Inc. Add +30.3% 0.13% +0.03
XOM Exxon Mobil Corp. Add +17.3% 0.16% +0.02
SCCO Southern Copper Corp. Add +1.0% 0.08% −0.00
GGB Gerdau SA -Spon ADR Add +20.0% 0.02% −0.00

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