Infrastructure Capital Advisors, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Infrastructure Capital Advisors, LLC reported 86 stock positions worth $626.8 million. Its top holding was Energy Transfer (ET) at 11.1% of the portfolio, followed by MPLX (MPLX, 11.0%) and Enterprise Products Partners (EPD, 10.5%). Compared with Q4 2023, it opened 16 new positions, sold out of 15, added to 26 and reduced 42. The biggest buy was Nustar Energy (NS, shares +107%) and the biggest sale MPLX (MPLX, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001621802
- Portfolio Value
- $626.8M (Q1 2024)
- SEC Filing
- 0000919574-24-003054 ↗ filed May 15, 2024
Holdings Value
Holdings 86 stocks · $626.8M
| ET Energy Transfer LP | 11.05% | 4,404,210 | $69.3M | Add +1.4% |
| MPLX MPLX LP | 11.05% | 1,666,046 | $69.2M | Reduce -4.7% |
| EPD Enterprise Products Partners | 10.55% | 2,265,391 | $66.1M | Add +1.9% |
| PAA Plains All Amer Pipeline LP | 10.45% | 3,729,351 | $65.5M | Add +0.5% |
| NS Nustar Energy LP | 10.13% | 2,728,564 | $63.5M | Add +106.7% |
| WES Western Midstream Partners L | 8.73% | 1,539,089 | $54.7M | Add +2.6% |
| ENLC Enlink Midstream LLC | 5.58% | 2,565,390 | $35.0M | Add +2.1% |
| AES AES Corp. | 3.74% | 1,308,254 | $23.5M | Add +12726.0% |
| CQP Cheniere Energy Partners LP | 3.64% | 461,389 | $22.8M | Add +2.6% |
| OKE Oneok Inc. | 3.07% | 240,008 | $19.2M | Add +8.8% |
| HESM Hess Midstream LP Class A | 2.79% | 483,427 | $17.5M | Add +11.6% |
| PFFA Virtus Infracap US Pref STCK | 1.58% | 473,039 | $9.9M | No change |
| GEL Genesis Energy L.P. | 1.49% | 841,906 | $9.4M | Add +9.9% |
| KMI Kinder Morgan Inc. | 1.30% | 443,315 | $8.1M | Reduce -28.6% |
| DKL Delek Logistics Partners LP | 1.29% | 197,086 | $8.1M | Reduce -19.6% |
| TRGP Targa Resources Corp. | 0.91% | 50,841 | $5.7M | Reduce -37.5% |
| LNG Cheniere Energy Inc. | 0.86% | 33,472 | $5.4M | Reduce -17.6% |
| NFE New Fortress Energy Inc. | 0.82% | 167,604 | $5.1M | Reduce -11.2% |
| GS Goldman Sachs Group Inc. | 0.63% | 9,420 | $3.9M | New |
| SUN Sunoco LP | 0.59% | 61,164 | $3.7M | Add +202.9% |
| MS Morgan Stanley | 0.57% | 38,206 | $3.6M | Add +10.5% |
| USAC USA Compression Partners LP | 0.50% | 117,392 | $3.1M | New |
| GLP Global Partners LP | 0.48% | 67,906 | $3.0M | New |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 0.42% | 40,006 | $2.6M | Add +700.1% |
| PM Philip Morris International | 0.36% | 24,623 | $2.3M | Add +63.4% |
| DINO HF Sinclair Corp. | 0.34% | 35,535 | $2.1M | Reduce -57.8% |
| JPM JPMorgan Chase & Co. | 0.32% | 10,000 | $2.0M | New |
| AMZA Infracap MLP ETF | 0.32% | 48,287 | $2.0M | No change |
| CVX Chevron Corp. | 0.27% | 10,800 | $1.7M | Add +35.3% |
| KRC Kilroy Realty Corp. | 0.26% | 44,040 | $1.6M | Reduce -7.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 40,932 | $1.6M | Add +582.2% |
| DOW Dow Inc. | 0.25% | 26,678 | $1.5M | Reduce -2.3% |
| JNJ Johnson & Johnson | 0.24% | 9,383 | $1.5M | Add +43.6% |
| C Citigroup Inc. | 0.23% | 23,008 | $1.5M | Reduce -27.1% |
| BLMN Bloomin' Brands Inc. | 0.22% | 48,435 | $1.4M | Reduce -41.5% |
| ENB Enbridge Inc. | 0.22% | 37,801 | $1.4M | Reduce -22.7% |
| AB Alliancebernstein Holding LP | 0.21% | 38,391 | $1.3M | Reduce -5.2% |
| REXR Rexford Industrial Realty Inc. | 0.19% | 23,770 | $1.2M | Reduce -2.3% |
| MO Altria Group Inc. | 0.19% | 27,115 | $1.2M | Add +1.4% |
| KHC The Kraft Heinz Co. | 0.17% | 29,335 | $1.1M | Reduce -2.3% |
| AVGO Broadcom Inc. | 0.16% | 750 | $994K | New |
| SPH Suburban Propane Partners LP | 0.15% | 46,659 | $953K | New |
| VOD Vodafone Group PLC-SP ADR | 0.14% | 95,717 | $852K | Reduce -2.3% |
| T AT&T Inc. | 0.14% | 48,349 | $851K | Add +8.7% |
| CFG Citizens Financial Group | 0.13% | 23,227 | $843K | Reduce -2.3% |
| EIX Edison International | 0.13% | 11,834 | $837K | Reduce -2.3% |
| DUK Duke Energy Corp. | 0.13% | 8,602 | $832K | Reduce -2.3% |
| FRT Federal Realty Invs Trust | 0.13% | 7,700 | $786K | Add +291.3% |
| ICAP Infrastructure Capital Equit | 0.12% | 29,283 | $733K | Add +0.4% |
| ADC Agree Realty Corp. | 0.12% | 12,624 | $721K | Reduce -8.0% |
| O Realty Income Corp. | 0.11% | 13,242 | $716K | Reduce -2.3% |
| SCAP Infrastructure Capital Small | 0.11% | 20,332 | $688K | Add +81.5% |
| UNH Unitedhealth Group Inc. | 0.11% | 1,344 | $665K | Reduce -66.6% |
| CCI Crown Castle Inc. | 0.10% | 6,079 | $643K | Reduce -2.3% |
| SO The Southern Co. | 0.10% | 8,851 | $635K | Reduce -22.4% |
| SPG Simon Property Group Inc. | 0.10% | 4,000 | $626K | Add +97.8% |
| IP International Paper Co. | 0.10% | 16,000 | $624K | Reduce -25.6% |
| MCD McDonald's Corp. | 0.10% | 2,213 | $624K | Reduce -32.7% |
| GNL Global Net Lease Inc. | 0.09% | 76,317 | $593K | Add +12.5% |
| MPC Marathon Petroleum Corp. | 0.09% | 2,796 | $563K | Reduce -91.5% |
| NVDA Nvidia Corp. | 0.09% | 600 | $542K | Reduce -86.7% |
| D Dominion Energy Inc. | 0.08% | 9,706 | $477K | Reduce -2.3% |
| TFC Truist Financial Corp. | 0.07% | 11,560 | $451K | Reduce -82.4% |
| IWM iShares Russell 2000 ETF | 0.07% | 2,079 | $437K | New |
| META Meta Platforms Inc. Class A | 0.07% | 900 | $437K | New |
| WMB Williams Cos Inc. | 0.07% | 10,882 | $424K | Reduce -91.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 2,200 | $420K | New |
| NWN Northwest Natural Holding Co. | 0.06% | 10,625 | $395K | Reduce -2.3% |
| ARE Alexandria Real Estate Equit | 0.06% | 3,000 | $387K | Reduce -60.6% |
| PSX Phillips 66 | 0.06% | 2,254 | $368K | Reduce -16.3% |
| PG The Procter & Gamble Co. | 0.06% | 2,261 | $367K | Add +25.5% |
| AMD Advanced Micro Devices | 0.06% | 2,000 | $361K | New |
| HR Healthcare Realty Trust Inc. | 0.06% | 25,448 | $360K | Reduce -2.3% |
| HALO Halozyme Therapeutics Inc. | 0.05% | 8,147 | $331K | Reduce -41.7% |
| AMT American Tower Corp. | 0.05% | 1,635 | $323K | Reduce -2.3% |
| GLPI Gaming and Leisure Propertie | 0.05% | 7,000 | $322K | Reduce -2.3% |
| VZ Verizon Communications Inc. | 0.05% | 7,213 | $303K | New |
| SBUX Starbucks Corp. | 0.04% | 3,000 | $274K | New |
| TRP TC Energy Corp. | 0.04% | 6,632 | $267K | Reduce -2.3% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.04% | 3,250 | $261K | New |
| AXP American Express Co. | 0.04% | 1,039 | $237K | New |
| EQIX Equinix Inc. | 0.04% | 275 | $227K | New |
| JRVR James River Group Holdings I | 0.04% | 24,000 | $223K | New |
| VLO Valero Energy Corp. | 0.03% | 1,213 | $207K | Reduce -80.3% |
| HON Honeywell International Inc. | 0.03% | 1,000 | $205K | Reduce -84.0% |
| HBAN Huntington Bancshares Inc. | 0.02% | 10,760 | $150K | Reduce -2.3% |
Options reported separately and not counted above: SPY calls ($11.5M), DIA calls ($6.8M), QQQ calls ($5.8M), IXP calls ($3.2M), ILCG calls ($1.4M), XLB calls ($661K).
Other holdings (9): bonds, preferreds, convertibles and warrants · $131.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 966,023 | $38.2M | Add +137.8% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 1,033,724 | $25.7M | Add +10.1% |
| UGI CORP (UGI 7.25 06/01/24) | UNIT 06/01/2024 | 283,217 | $16.5M | Add +43.5% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 282,896 | $15.9M | New |
| ALGONQUIN PWR & (AQNCN 7.75 06/15/24) | UNIT 06/15/2024 | 640,284 | $13.7M | Add +40.6% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 480,498 | $13.0M | Reduce -3.5% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 396,929 | $5.4M | Add +9.6% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 75,512 | $1.4M | Add +19.4% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 26,130 | $1.2M | Add +19.6% |
Total filed on the 13F, all lines: $757.9M.
Portfolio Sells Q4 2023 → Q1 2024
| MPLX MPLX LP | Reduce -4.7% | 11.05% | −1.17 |
| MPC Marathon Petroleum Corp. | Reduce -91.5% | 0.09% | −0.84 |
| WMB Williams Cos Inc. | Reduce -91.9% | 0.07% | −0.82 |
| KMI Kinder Morgan Inc. | Reduce -28.6% | 1.30% | −0.79 |
| DKL Delek Logistics Partners LP | Reduce -19.6% | 1.29% | −0.73 |
| DINO HF Sinclair Corp. | Reduce -57.8% | 0.34% | −0.55 |
| NFE New Fortress Energy Inc. | Reduce -11.2% | 0.82% | −0.54 |
| LNG Cheniere Energy Inc. | Reduce -17.6% | 0.86% | −0.46 |
| TRGP Targa Resources Corp. | Reduce -37.5% | 0.91% | −0.44 |
| TFC Truist Financial Corp. | Reduce -82.4% | 0.07% | −0.39 |
| NVDA Nvidia Corp. | Reduce -86.7% | 0.09% | −0.34 |
| KEY Keycorp | Sold out | 0.00% | −0.33 |
| UNH Unitedhealth Group Inc. | Reduce -66.6% | 0.11% | −0.30 |
| USB US Bancorp | Sold out | 0.00% | −0.28 |
| RRR Red Rock Resorts Inc. Class A | Sold out | 0.00% | −0.22 |
| BLMN Bloomin' Brands Inc. | Reduce -41.5% | 0.22% | −0.22 |
| HON Honeywell International Inc. | Reduce -84.0% | 0.03% | −0.22 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.21 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.19 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.15 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.15 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.15 |
| ARE Alexandria Real Estate Equit | Reduce -60.6% | 0.06% | −0.12 |
| VLO Valero Energy Corp. | Reduce -80.3% | 0.03% | −0.12 |
| ENB Enbridge Inc. | Reduce -22.7% | 0.22% | −0.12 |
| KRC Kilroy Realty Corp. | Reduce -7.8% | 0.26% | −0.11 |
| NNN NNN REIT Inc. | Sold out | 0.00% | −0.10 |
| STAG Stag Industrial Inc. | Sold out | 0.00% | −0.09 |
| MCD McDonald's Corp. | Reduce -32.7% | 0.10% | −0.09 |
| C Citigroup Inc. | Reduce -27.1% | 0.23% | −0.08 |
| REXR Rexford Industrial Realty Inc. | Reduce -2.3% | 0.19% | −0.07 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.07 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.06 |
| MAA Mid-America Apartment Comm | Sold out | 0.00% | −0.05 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.05 |
| SO The Southern Co. | Reduce -22.4% | 0.10% | −0.05 |
| ADC Agree Realty Corp. | Reduce -8.0% | 0.12% | −0.05 |
| IP International Paper Co. | Reduce -25.6% | 0.10% | −0.05 |
| HALO Halozyme Therapeutics Inc. | Reduce -41.7% | 0.05% | −0.05 |
| KHC The Kraft Heinz Co. | Reduce -2.3% | 0.17% | −0.04 |
| DOW Dow Inc. | Reduce -2.3% | 0.25% | −0.04 |
| CCI Crown Castle Inc. | Reduce -2.3% | 0.10% | −0.03 |
| O Realty Income Corp. | Reduce -2.3% | 0.11% | −0.03 |
| EIX Edison International | Reduce -2.3% | 0.13% | −0.03 |
| DUK Duke Energy Corp. | Reduce -2.3% | 0.13% | −0.03 |
| HR Healthcare Realty Trust Inc. | Reduce -2.3% | 0.06% | −0.03 |
| AB Alliancebernstein Holding LP | Reduce -5.2% | 0.21% | −0.03 |
| VOD Vodafone Group PLC-SP ADR | Reduce -2.3% | 0.14% | −0.03 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −0.02 |
| NWN Northwest Natural Holding Co. | Reduce -2.3% | 0.06% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| NS Nustar Energy LP | Add +106.7% | 10.13% | +5.44 |
| AES AES Corp. | Add +12726.0% | 3.74% | +3.71 |
| GS Goldman Sachs Group Inc. | New | 0.63% | +0.63 |
| USAC USA Compression Partners LP | New | 0.50% | +0.50 |
| GLP Global Partners LP | New | 0.48% | +0.48 |
| WES Western Midstream Partners L | Add +2.6% | 8.73% | +0.38 |
| SUN Sunoco LP | Add +202.9% | 0.59% | +0.36 |
| BXP BXP Inc. | Add +700.1% | 0.42% | +0.35 |
| JPM JPMorgan Chase & Co. | New | 0.32% | +0.32 |
| BAC Bank of America Corp. | Add +582.2% | 0.25% | +0.21 |
| HESM Hess Midstream LP Class A | Add +11.6% | 2.79% | +0.18 |
| AVGO Broadcom Inc. | New | 0.16% | +0.16 |
| SPH Suburban Propane Partners LP | New | 0.15% | +0.15 |
| OKE Oneok Inc. | Add +8.8% | 3.07% | +0.12 |
| PM Philip Morris International | Add +63.4% | 0.36% | +0.09 |
| FRT Federal Realty Invs Trust | Add +291.3% | 0.13% | +0.09 |
| IWM iShares Russell 2000 ETF | New | 0.07% | +0.07 |
| META Meta Platforms Inc. Class A | New | 0.07% | +0.07 |
| IBM Intl Business Machines Corp. | New | 0.07% | +0.07 |
| AMD Advanced Micro Devices | New | 0.06% | +0.06 |
| VZ Verizon Communications Inc. | New | 0.05% | +0.05 |
| CVX Chevron Corp. | Add +35.3% | 0.27% | +0.05 |
| SPG Simon Property Group Inc. | Add +97.8% | 0.10% | +0.04 |
| SBUX Starbucks Corp. | New | 0.04% | +0.04 |
| JNJ Johnson & Johnson | Add +43.6% | 0.24% | +0.04 |
| SCAP Infrastructure Capital Small | Add +81.5% | 0.11% | +0.04 |
| IRM Iron Mountain Inc. | New | 0.04% | +0.04 |
| AXP American Express Co. | New | 0.04% | +0.04 |
| EQIX Equinix Inc. | New | 0.04% | +0.04 |
| JRVR James River Group Holdings I | New | 0.04% | +0.04 |
| PG The Procter & Gamble Co. | Add +25.5% | 0.06% | +0.01 |
| T AT&T Inc. | Add +8.7% | 0.14% | −0.01 |
| MO Altria Group Inc. | Add +1.4% | 0.19% | −0.02 |
| ICAP Infrastructure Capital Equit | Add +0.4% | 0.12% | −0.02 |
| GNL Global Net Lease Inc. | Add +12.5% | 0.09% | −0.03 |
| MS Morgan Stanley | Add +10.5% | 0.57% | −0.04 |
| GEL Genesis Energy L.P. | Add +9.9% | 1.49% | −0.20 |
| ENLC Enlink Midstream LLC | Add +2.1% | 5.58% | −0.23 |
| PAA Plains All Amer Pipeline LP | Add +0.5% | 10.45% | −0.25 |
| ET Energy Transfer LP | Add +1.4% | 11.05% | −0.36 |
| EPD Enterprise Products Partners | Add +1.9% | 10.55% | −0.60 |
| CQP Cheniere Energy Partners LP | Add +2.6% | 3.64% | −0.62 |
Options Activity Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -81.4% | 22,000 | $11.5M |
| DIA SS SPDR Dow Jones Indus Avg | call | New | 17,000 | $6.8M |
| QQQ Invesco QQQ Trust Series 1 | call | Reduce -13.3% | 13,000 | $5.8M |
| IXP iShares Global Comm Services | call | New | 15,000 | $3.2M |
| ILCG iShares Morningstar Growth E | call | New | 16,000 | $1.4M |
| XLB SS Materials Select Sector | call | New | 7,000 | $661K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Add +137.8% | 966,023 | $38.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +10.1% | 1,033,724 | $25.7M |
| AES CORP/THE (AES 6.875 02/15/24) | UNIT 02/15/2024 | Sold out | 249,211 | $19.0Mbefore exit |
| UGI CORP (UGI 7.25 06/01/24) | UNIT 06/01/2024 | Add +43.5% | 283,217 | $16.5M |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | New | 282,896 | $15.9M |
| RPT REALTY (KIM 7.25 PERP D) | 7.25 PFD D CONV | Sold out | 253,610 | $14.5Mbefore exit |
| ALGONQUIN PWR & (AQNCN 7.75 06/15/24) | UNIT 06/15/2024 | Add +40.6% | 640,284 | $13.7M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -3.5% | 480,498 | $13.0M |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Add +9.6% | 396,929 | $5.4M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +19.4% | 75,512 | $1.4M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +19.6% | 26,130 | $1.2M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Sold out | 24,902 | $1.0Mbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 154 | $732.9M | ET, SUN, PAA, EPD, WES |
| Q1 2026 | 124 | $703.8M | ET, PAA, SUN, MPLX, EPD |
| Q4 2025 | 127 | $606.5M | MPLX, PAA, ET, HESM, WES |
| Q3 2025 | 121 | $560.9M | MPLX, PAA, ET, HESM, EPD |
| Q2 2025 | 114 | $609.5M | ET, MPLX, WES, PAA, EPD |
| Q1 2025 | 104 | $585.5M | OKE, HESM, ET, SOBO, USAC |
| Q4 2024 | 111 | $591.1M | MPLX, SUN, ET, PAA, EPD |
| Q3 2024 | 116 | $612.4M | PAA, MPLX, SUN, EPD, ET |
| Q2 2024 | 82 | $637.9M | MPLX, PAA, ET, WES, EPD |
| Q1 2024 | 86 | $626.8M | ET, MPLX, EPD, PAA, NS |