Fractal Investments LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 13, 2026), Fractal Investments LLC reported 81 stock positions worth $845.0 million. Its top holding was MPLX (MPLX) at 13.9% of the portfolio, followed by Energy Transfer (ET, 11.0%) and Plains All Amer Pipeline (PAA, 9.6%). Compared with Q4 2025, it opened 9 new positions, sold out of 8, added to 7 and reduced 4. The biggest buy was Kinder Morgan (KMI, shares +22%) and the biggest sale Constellation Energy (CEG, shares −50%).

Most Recent 13F
Q2 2026
Location
Glastonbury, CT
CIK
0001843590
Portfolio Value
$845.0M (Q1 2026)
SEC Filing
0002085853-26-000364 ↗ filed Apr 13, 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 $845.0M Q1 2026 Q2 2026: $866.9M Q2 2026

Holdings 81 stocks · $845.0M
MPLX MPLX LP 13.85% 2,051,301 $117.1M No change
ET Energy Transfer LP 11.01% 4,820,215 $93.0M Add +0.5%
PAA Plains All Amer Pipeline LP 9.58% 3,625,784 $81.0M No change
EPD Enterprise Products Partners 8.23% 1,837,044 $69.5M No change
WES Western Midstream Partners L 7.69% 1,577,806 $65.0M No change
WMB Williams Cos Inc. 7.01% 814,000 $59.2M No change
HESM Hess Midstream LP Class A 5.45% 1,185,220 $46.1M No change
TRP TC Energy Corp. 4.81% 649,000 $40.6M No change
SUN Sunoco LP 4.74% 616,542 $40.1M No change
TRGP Targa Resources Corp. 4.70% 158,424 $39.7M No change
KMI Kinder Morgan Inc. 4.15% 1,046,638 $35.1M Add +22.5%
DTM DT Midstream Inc. 3.68% 230,999 $31.1M No change
LNG Cheniere Energy Inc. 2.26% 67,385 $19.1M Reduce -14.3%
OKE Oneok Inc. 1.68% 156,630 $14.2M No change
CQP Cheniere Energy Partners LP 1.48% 194,126 $12.5M No change
NGL NGL Energy Partners LP 1.21% 832,479 $10.3M No change
GLP Global Partners LP 0.97% 195,234 $8.2M No change
GEL Genesis Energy L.P. 0.72% 343,243 $6.1M No change
AM Antero Midstream Corp. 0.51% 190,383 $4.3M New
SPH Suburban Propane Partners LP 0.50% 214,864 $4.2M No change
ENB Enbridge Inc. 0.43% 67,500 $3.7M No change
GEV GE Vernova Inc. 0.41% 3,949 $3.4M No change
SNDK Sandisk Corp. 0.33% 4,400 $2.8M No change
Q Qnity Electronics Inc. 0.23% 17,000 $2.0M Add +41.7%
SOLS Solstice Adv Materials Inc. 0.23% 25,100 $1.9M No change
WLKP Westlake Chemical Partners L 0.21% 80,400 $1.8M No change
XOM Exxon Mobil Corp. 0.20% 9,710 $1.6M Add +23.5%
NEM Newmont Corp. 0.19% 15,218 $1.6M Reduce -10.5%
SMC Summit Midstream Corp. 0.16% 45,000 $1.4M No change
CF CF Industries Holdings Inc. 0.16% 10,300 $1.3M No change
KNTK Kinetik Holdings Inc. 0.16% 27,502 $1.3M No change
SU Suncor Energy Inc. 0.13% 16,400 $1.1M Add +156.3%
SHEL Shell PLC-ADR 0.13% 11,588 $1.1M Add +54.5%
PHIN Phinia Inc. 0.12% 14,900 $1.0M No change
AEM Agnico Eagle Mines Ltd. 0.12% 4,809 $976K No change
GEHC GE Healthcare Technology 0.11% 12,601 $897K No change
FCX Freeport-McMoran Inc. 0.10% 15,068 $886K No change
CVX Chevron Corp. 0.10% 4,200 $869K No change
CR Crane Co. 0.10% 4,900 $838K No change
VLTO Veralto Corp. 0.09% 8,800 $778K No change
RIO Rio Tinto PLC-Spon ADR 0.09% 8,200 $765K No change
SCCO Southern Copper Corp. 0.09% 4,376 $753K Add +0.8%
B Barrick Mining Corp. 0.08% 16,400 $669K No change
BHP BHP Group Ltd.-Spon ADR filed as BHP BILLITON LIMITED 0.08% 9,000 $655K No change
PH Parker Hannifin Corp. 0.08% 730 $654K No change
COP Conocophillips 0.07% 4,492 $593K No change
NTR Nutrien Ltd. 0.07% 7,700 $581K No change
ECG Everus Construction Group 0.07% 4,900 $578K No change
MPC Marathon Petroleum Corp. 0.07% 2,291 $559K No change
ESAB Esab Corp. 0.07% 5,777 $558K No change
CEG Constellation Energy 0.07% 1,985 $554K Reduce -50.2%
NATL NCR Atleos Corp. 0.07% 12,700 $553K No change
MLI Mueller Industries Inc. 0.06% 4,926 $546K No change
DKL Delek Logistics Partners LP 0.06% 10,559 $525K No change
E Eni SPA-Sponsored ADR 0.06% 9,186 $520K New
IMO Imperial Oil Ltd. 0.06% 3,710 $485K New
STLD Steel Dynamics Inc. 0.06% 2,694 $485K No change
LLYVK Liberty Live Holdings Class C 0.06% 5,143 $484K No change
GLD SPDR Gold Shares 0.06% 1,083 $466K Reduce -56.7%
FTV Fortive Corp. 0.06% 8,400 $464K No change
CMC Commercial Metals Co. 0.05% 6,200 $381K No change
INGR Ingredion Inc. 0.04% 3,285 $370K No change
CARR Carrier Global Corp. 0.04% 6,030 $340K No change
VLO Valero Energy Corp. 0.04% 1,360 $336K No change
APA Apa Corp. 0.04% 7,862 $334K New
TT Trane Technologies PLC 0.04% 800 $333K No change
PLD Prologis Inc. 0.04% 2,400 $317K No change
CAT Caterpillar Inc. 0.04% 442 $313K No change
PAAS Pan American Silver Corp. 0.04% 5,567 $304K No change
RS Reliance Inc. 0.04% 1,000 $304K No change
DINO HF Sinclair Corp. 0.03% 4,600 $287K New
HAL Halliburton Co. 0.03% 7,200 $281K No change
RNA Atrium Therapeutics Inc. 0.03% 20,000 $267K New
MRP Millrose Properties 0.03% 9,000 $252K No change
MT Arcelormittal-NY Registered 0.03% 4,800 $250K No change
BKR Baker Hughes Co. 0.03% 3,900 $238K New
CTRA Coterra Energy Inc. 0.03% 6,409 $225K New
ITRI Itron Inc. 0.03% 2,400 $215K New
ICL Icl Group Ltd. 0.02% 36,500 $189K No change
FIP Ftai Infrastructure Inc. 0.02% 33,000 $163K No change
GGB Gerdau SA -Spon ADR 0.01% 33,264 $120K No change

Portfolio Sells Q4 2025 → Q1 2026
CEG Constellation Energy Reduce -50.2% 0.07% −0.13
GLD SPDR Gold Shares Reduce -56.7% 0.06% −0.08
AMCR Amcor PLC Sold out 0.00% −0.06
PKG Packaging Corp. of America Sold out 0.00% −0.05
MBC Masterbrand Inc. Sold out 0.00% −0.05
NUE Nucor Corp. Sold out 0.00% −0.04
NEM Newmont Corp. Reduce -10.5% 0.19% −0.04
ETN Eaton Corp. PLC Sold out 0.00% −0.03
BG Bunge Global SA Sold out 0.00% −0.03
SLVM Sylvamo Corp. Sold out 0.00% −0.03
GE General Electric Sold out 0.00% −0.03
LNG Cheniere Energy Inc. Reduce -14.3% 2.26% +0.13

Portfolio Buys Q4 2025 → Q1 2026
KMI Kinder Morgan Inc. Add +22.5% 4.15% +0.87
AM Antero Midstream Corp. New 0.51% +0.51
Q Qnity Electronics Inc. Add +41.7% 0.23% +0.10
SU Suncor Energy Inc. Add +156.3% 0.13% +0.09
XOM Exxon Mobil Corp. Add +23.5% 0.20% +0.06
E Eni SPA-Sponsored ADR New 0.06% +0.06
IMO Imperial Oil Ltd. New 0.06% +0.06
SHEL Shell PLC-ADR Add +54.5% 0.13% +0.05
APA Apa Corp. New 0.04% +0.04
DINO HF Sinclair Corp. New 0.03% +0.03
RNA Atrium Therapeutics Inc. New 0.03% +0.03
BKR Baker Hughes Co. New 0.03% +0.03
CTRA Coterra Energy Inc. New 0.03% +0.03
ITRI Itron Inc. New 0.03% +0.03
SCCO Southern Copper Corp. Add +0.8% 0.09% +0.00
ET Energy Transfer LP Add +0.5% 11.01% −0.04

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