Fractal Investments LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 30, 2024), Fractal Investments LLC reported 83 stock positions worth $591.6 million. Its top holding was MPLX (MPLX) at 14.4% of the portfolio, followed by Energy Transfer (ET, 13.6%) and Plains All Amer Pipeline (PAA, 11.2%). Compared with Q2 2024, it opened 5 new positions, sold out of 4, added to 7 and reduced 3. The biggest buy was Kinder Morgan (KMI, shares +23%) and the biggest sale Enterprise Products Partners (EPD, shares −5%).

Most Recent 13F
Q2 2026
Location
Glastonbury, CT
CIK
0001843590
Portfolio Value
$591.6M (Q3 2024)
SEC Filing
0001843590-24-000005 ↗ filed Oct 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 Q2 2024 Q3 2024: $591.6M $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 83 stocks · $591.6M

MPLX MPLX LP 14.36% 1,910,849 $85.0M No change
ET Energy Transfer LP 13.59% 5,009,543 $80.4M No change
PAA Plains All Amer Pipeline LP 11.23% 3,825,658 $66.5M No change
EPD Enterprise Products Partners 10.23% 2,079,189 $60.5M Reduce -4.7%
WES Western Midstream Partners L 9.48% 1,465,706 $56.1M Add +5.4%
SUN Sunoco LP 6.10% 672,682 $36.1M No change
ENLC Enlink Midstream LLC 5.34% 2,177,607 $31.6M No change
TRGP Targa Resources Corp. 4.56% 182,145 $27.0M No change
OKE Oneok Inc. 3.97% 257,775 $23.5M No change
WMB Williams Cos Inc. 3.21% 416,500 $19.0M Add +12.6%
KMI Kinder Morgan Inc. 2.29% 614,468 $13.6M Add +23.0%
TRP TC Energy Corp. 2.00% 249,000 $11.8M No change
CQP Cheniere Energy Partners LP 1.60% 194,126 $9.5M No change
GLP Global Partners LP 1.54% 195,234 $9.1M No change
HESM Hess Midstream LP Class A 1.40% 235,247 $8.3M No change
LNG Cheniere Energy Inc. 1.37% 45,200 $8.1M No change
GEL Genesis Energy L.P. 0.67% 297,519 $4.0M No change
SPH Suburban Propane Partners LP 0.65% 214,864 $3.9M No change
NGL NGL Energy Partners LP 0.63% 832,479 $3.7M No change
DTM DT Midstream Inc. 0.46% 34,900 $2.7M Add +4.5%
SMC Summit Midstream Corp. 0.27% 45,000 $1.6M No change
GEV GE Vernova Inc. 0.26% 6,000 $1.5M New
KNTK Kinetik Holdings Inc. 0.21% 27,502 $1.2M No change
GEHC GE Healthcare Technology 0.20% 12,601 $1.2M No change
CEG Constellation Energy 0.17% 3,900 $1.0M New
XOM Exxon Mobil Corp. 0.16% 7,861 $921K No change
DINO HF Sinclair Corp. 0.15% 20,223 $901K No change
VLTO Veralto Corp. 0.15% 7,800 $873K No change
TECK Teck Resources Ltd.-CLS B 0.14% 16,218 $847K No change
CARR Carrier Global Corp. 0.14% 10,316 $830K No change
CR Crane Co. 0.13% 4,900 $776K No change
FCX Freeport-McMoran Inc. 0.13% 15,068 $752K No change
STLD Steel Dynamics Inc. 0.12% 5,437 $685K No change
MPC Marathon Petroleum Corp. 0.11% 4,011 $653K No change
CVX Chevron Corp. 0.10% 4,200 $619K No change
ESAB Esab Corp. 0.10% 5,777 $614K No change
GLD SPDR Gold Shares 0.10% 2,500 $608K New
PHIN Phinia Inc. 0.10% 13,200 $608K No change
KNF Knife River Corp. 0.10% 6,702 $599K No change
RIO Rio Tinto PLC-Spon ADR 0.10% 8,200 $584K No change
BHP BHP Group Ltd.-Spon ADR 0.09% 9,000 $559K No change
MBC Masterbrand Inc. 0.09% 29,328 $544K No change
NVT Nvent Electric PLC 0.08% 7,061 $496K Reduce -43.5%
SCCO Southern Copper Corp. 0.08% 4,165 $482K Add +0.6%
DKL Delek Logistics Partners LP 0.08% 10,559 $462K No change
PH Parker Hannifin Corp. 0.08% 730 $461K Add +69.8%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.07% 5,100 $438K No change
IP International Paper Co. 0.07% 8,500 $415K No change
X United States Steel Corp. 0.07% 11,700 $413K No change
PKG Packaging Corp. of America 0.07% 1,800 $388K New
OTIS Otis Worldwide Corp. 0.06% 3,690 $384K Reduce -60.7%
COP Conocophillips 0.06% 3,600 $379K No change
RXO Rxo Inc. 0.06% 13,083 $366K No change
MLI Mueller Industries Inc. 0.06% 4,926 $365K No change
NATL NCR Atleos Corp. 0.06% 12,700 $362K No change
MMM 3M Co. 0.06% 2,500 $342K No change
CXT Crane NXT Co. 0.06% 5,880 $330K No change
PSX Phillips 66 0.06% 2,500 $329K No change
B Barrick Gold Corp. 0.06% 16,400 $326K Add +32.3%
TT Trane Technologies PLC 0.05% 800 $311K No change
FIP Ftai Infrastructure Inc. 0.05% 33,000 $309K No change
ARMK Aramark 0.05% 7,800 $302K No change
GE General Electric filed as GE AEROSPACE 0.05% 1,600 $302K No change
K Kellanova 0.05% 3,600 $291K No change
RS Reliance Inc. 0.05% 1,000 $289K No change
NUE Nucor Corp. 0.05% 1,868 $281K No change
TDG Transdigm Group Inc. 0.05% 195 $278K No change
VNT Vontier Corp. 0.05% 8,202 $277K No change
CAT Caterpillar Inc. 0.05% 700 $274K No change
VLO Valero Energy Corp. 0.05% 2,000 $270K No change
AEM Agnico Eagle Mines Ltd. 0.05% 3,309 $267K No change
ETN Eaton Corp. PLC 0.04% 800 $265K No change
GM General Motors Co. 0.04% 5,600 $251K No change
DE Deere & Co. 0.04% 600 $250K No change
IR Ingersoll-Rand Inc. 0.04% 2,500 $245K No change
WLK Westlake Corp. 0.04% 1,600 $240K No change
SU Suncor Energy Inc. 0.04% 6,400 $236K No change
BG Bunge Global SA 0.04% 2,400 $232K No change
ITW Illinois Tool Works 0.04% 800 $210K New
HAL Halliburton Co. 0.04% 7,200 $209K No change
CSX CSX Corp. 0.04% 6,000 $207K No change
SXC Suncoke Energy Inc. 0.03% 19,200 $167K No change
GGB Gerdau SA -Spon ADR 0.02% 33,264 $116K No change

Portfolio Sells Q2 2024 → Q3 2024

EPD Enterprise Products Partners Reduce -4.7% 10.23% −0.77
OTIS Otis Worldwide Corp. Reduce -60.7% 0.06% −0.09
NVT Nvent Electric PLC Reduce -43.5% 0.08% −0.08
OGN Organon & Co. Sold out 0.00% −0.08
GFI Gold Fields Ltd.-Spons ADR Sold out 0.00% −0.04
APA Apa Corp. Sold out 0.00% −0.04
VSTS Vestis Corp. Sold out 0.00% −0.03

Portfolio Buys Q2 2024 → Q3 2024

KMI Kinder Morgan Inc. Add +23.0% 2.29% +0.57
WMB Williams Cos Inc. Add +12.6% 3.21% +0.48
GEV GE Vernova Inc. New 0.26% +0.26
CEG Constellation Energy New 0.17% +0.17
GLD SPDR Gold Shares New 0.10% +0.10
PKG Packaging Corp. of America New 0.07% +0.07
DTM DT Midstream Inc. Add +4.5% 0.46% +0.05
PH Parker Hannifin Corp. Add +69.8% 0.08% +0.04
ITW Illinois Tool Works New 0.04% +0.04
B Barrick Gold Corp. Add +32.3% 0.06% +0.02
SCCO Southern Copper Corp. Add +0.6% 0.08% +0.00
WES Western Midstream Partners L Add +5.4% 9.48% −0.14

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