Infrastructure Capital Advisors, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Infrastructure Capital Advisors, LLC reported 82 stock positions worth $637.9 million. Its top holding was MPLX (MPLX) at 11.1% of the portfolio, followed by Plains All Amer Pipeline (PAA, 11.1%) and Energy Transfer (ET, 10.9%). Compared with Q1 2024, it opened 11 new positions, sold out of 15, added to 32 and reduced 38. The biggest buy was Sunoco (SUN, shares +1625%) and the biggest sale an exit from Nustar Energy (NS).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001621802
- Portfolio Value
- $637.9M (Q2 2024)
- SEC Filing
- 0000919574-24-004696 ↗ filed Aug 14, 2024
Holdings Value
Holdings 82 stocks · $637.9M
| MPLX MPLX LP | 11.14% | 1,669,042 | $71.1M | Add +0.2% |
| PAA Plains All Amer Pipeline LP | 11.10% | 3,963,577 | $70.8M | Add +6.3% |
| ET Energy Transfer LP | 10.91% | 4,290,731 | $69.6M | Reduce -2.6% |
| WES Western Midstream Partners L | 9.78% | 1,570,933 | $62.4M | Add +2.1% |
| EPD Enterprise Products Partners | 9.74% | 2,142,884 | $62.1M | Reduce -5.4% |
| SUN Sunoco LP | 9.35% | 1,055,168 | $59.7M | Add +1625.2% |
| ENLC Enlink Midstream LLC | 5.03% | 2,332,663 | $32.1M | Reduce -9.1% |
| CQP Cheniere Energy Partners LP | 3.63% | 470,935 | $23.1M | Add +2.1% |
| HESM Hess Midstream LP Class A | 2.82% | 493,429 | $18.0M | Add +2.1% |
| UGI Ugi Corp. | 2.54% | 706,593 | $16.2M | New |
| AQN Algonquin Power & Utilities | 2.12% | 2,308,784 | $13.5M | New |
| GEL Genesis Energy L.P. | 1.73% | 772,608 | $11.1M | Reduce -8.2% |
| PFFA Virtus Infracap US Pref STCK | 1.56% | 473,039 | $9.9M | No change |
| DKL Delek Logistics Partners LP | 1.35% | 213,286 | $8.6M | Add +8.2% |
| LNG Cheniere Energy Inc. | 1.16% | 42,168 | $7.4M | Add +26.0% |
| OKE Oneok Inc. | 1.13% | 88,583 | $7.2M | Reduce -63.1% |
| MPC Marathon Petroleum Corp. | 1.06% | 38,807 | $6.7M | Add +1288.0% |
| VLO Valero Energy Corp. | 0.78% | 31,781 | $5.0M | Add +2520.0% |
| KMI Kinder Morgan Inc. | 0.74% | 238,288 | $4.7M | Reduce -46.3% |
| GLP Global Partners LP | 0.64% | 89,517 | $4.1M | Add +31.8% |
| USAC USA Compression Partners LP | 0.64% | 170,767 | $4.1M | Add +45.5% |
| NFE New Fortress Energy Inc. | 0.61% | 177,116 | $3.9M | Add +5.7% |
| GS Goldman Sachs Group Inc. | 0.56% | 7,857 | $3.6M | Reduce -16.6% |
| ENB Enbridge Inc. | 0.49% | 87,357 | $3.1M | Add +131.1% |
| MS Morgan Stanley | 0.49% | 31,847 | $3.1M | Reduce -16.6% |
| C Citigroup Inc. | 0.44% | 44,538 | $2.8M | Add +93.6% |
| BXP BXP Inc. filed as BOSTON PROPERTIES INC | 0.37% | 38,630 | $2.4M | Reduce -3.4% |
| JNJ Johnson & Johnson | 0.35% | 15,203 | $2.2M | Add +62.0% |
| TRP TC Energy Corp. | 0.34% | 56,554 | $2.1M | Add +752.7% |
| TRGP Targa Resources Corp. | 0.32% | 16,048 | $2.1M | Reduce -68.4% |
| EQIX Equinix Inc. | 0.32% | 2,731 | $2.1M | Add +893.1% |
| PM Philip Morris International | 0.31% | 19,346 | $2.0M | Reduce -21.4% |
| AMZN Amazon.com Inc. | 0.31% | 10,100 | $2.0M | New |
| PSX Phillips 66 | 0.28% | 12,432 | $1.8M | Add +451.6% |
| CVX Chevron Corp. | 0.26% | 10,673 | $1.7M | Reduce -1.2% |
| KRC Kilroy Realty Corp. | 0.25% | 51,752 | $1.6M | Add +17.5% |
| AMZA Infracap MLP ETF | 0.25% | 38,787 | $1.6M | Reduce -19.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 39,463 | $1.6M | Reduce -3.6% |
| DOW Dow Inc. | 0.24% | 29,329 | $1.6M | Add +9.9% |
| WMB Williams Cos Inc. | 0.24% | 35,620 | $1.5M | Add +227.3% |
| AB Alliancebernstein Holding LP | 0.22% | 41,379 | $1.4M | Add +7.8% |
| FRT Federal Realty Invs Trust | 0.22% | 13,775 | $1.4M | Add +78.9% |
| BLMN Bloomin' Brands Inc. | 0.21% | 69,466 | $1.3M | Add +43.4% |
| IWM iShares Russell 2000 ETF | 0.19% | 6,086 | $1.2M | Add +192.7% |
| MO Altria Group Inc. | 0.19% | 26,702 | $1.2M | Reduce -1.5% |
| KHC The Kraft Heinz Co. | 0.17% | 32,943 | $1.1M | Add +12.3% |
| DLR Digital Realty Trust Inc. | 0.17% | 6,930 | $1.1M | New |
| REXR Rexford Industrial Realty Inc. | 0.16% | 23,491 | $1.0M | Reduce -1.2% |
| T AT&T Inc. | 0.15% | 49,461 | $945K | Add +2.3% |
| AES AES Corp. | 0.15% | 52,964 | $931K | Reduce -96.0% |
| SPH Suburban Propane Partners LP | 0.14% | 47,627 | $904K | Add +2.1% |
| DUK Duke Energy Corp. | 0.13% | 8,501 | $852K | Reduce -1.2% |
| EIX Edison International | 0.13% | 11,695 | $840K | Reduce -1.2% |
| VOD Vodafone Group PLC-SP ADR | 0.13% | 94,591 | $839K | Reduce -1.2% |
| ADC Agree Realty Corp. | 0.13% | 13,305 | $824K | Add +5.4% |
| AVGO Broadcom Inc. | 0.13% | 513 | $824K | Reduce -31.6% |
| ICAP Infrastructure Capital Equit | 0.11% | 29,412 | $723K | Add +0.4% |
| O Realty Income Corp. | 0.11% | 13,087 | $688K | Reduce -1.2% |
| ARES Ares Management Corp. Class A | 0.10% | 5,000 | $666K | New |
| SPG Simon Property Group Inc. | 0.09% | 3,953 | $600K | Reduce -1.2% |
| JPM JPMorgan Chase & Co. | 0.09% | 2,965 | $600K | Reduce -70.3% |
| CCI Crown Castle Inc. | 0.09% | 6,008 | $587K | Reduce -1.2% |
| MCD McDonald's Corp. | 0.09% | 2,187 | $557K | Reduce -1.2% |
| FITB Fifth Third Bancorp | 0.09% | 15,000 | $547K | New |
| UNH Unitedhealth Group Inc. | 0.08% | 1,060 | $540K | Reduce -21.1% |
| KO The Coca-Cola Co. | 0.08% | 7,611 | $484K | New |
| D Dominion Energy Inc. | 0.07% | 9,592 | $470K | Reduce -1.2% |
| ARE Alexandria Real Estate Equit | 0.07% | 3,953 | $462K | Add +31.8% |
| HR Healthcare Realty Trust Inc. | 0.07% | 25,149 | $414K | Reduce -1.2% |
| SCAP Infrastructure Capital Small | 0.06% | 12,459 | $412K | Reduce -38.7% |
| NWN Northwest Natural Holding Co. | 0.06% | 10,500 | $379K | Reduce -1.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.06% | 2,175 | $376K | Reduce -1.1% |
| AMT American Tower Corp. | 0.05% | 1,616 | $314K | Reduce -1.2% |
| GLPI Gaming and Leisure Propertie | 0.05% | 6,918 | $313K | Reduce -1.2% |
| NVDA Nvidia Corp. | 0.05% | 2,498 | $309K | Reduce -58.4% |
| VZ Verizon Communications Inc. | 0.05% | 7,129 | $294K | Reduce -1.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.05% | 3,212 | $288K | Reduce -1.2% |
| HPE Hewlett Packard Enterprise | 0.04% | 12,965 | $274K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.04% | 1,500 | $261K | New |
| GNL Global Net Lease Inc. | 0.04% | 34,902 | $257K | Reduce -54.3% |
| AMGN Amgen Inc. | 0.04% | 750 | $234K | New |
| EMR Emerson Electric Co. | 0.03% | 2,013 | $222K | New |
Options reported separately and not counted above: SPY calls ($54.4M), DIA calls ($1.6M).
Other holdings (10): bonds, preferreds, convertibles and warrants · $80.7M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 1,108,848 | $27.6M | Add +7.3% |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 444,409 | $18.4M | Reduce -54.0% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 466,831 | $13.0M | Reduce -2.8% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 116,059 | $6.3M | Reduce -59.0% |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | 125,398 | $6.2M | New |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 385,179 | $5.0M | Reduce -3.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 81,704 | $1.6M | Add +8.2% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 28,290 | $1.3M | Add +8.3% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 21,449 | $685K | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 8,702 | $571K | New |
Total filed on the 13F, all lines: $718.6M.
Portfolio Sells Q1 2024 → Q2 2024
| NS Nustar Energy LP | Sold out | 0.00% | −10.13 |
| AES AES Corp. | Reduce -96.0% | 0.15% | −3.60 |
| OKE Oneok Inc. | Reduce -63.1% | 1.13% | −1.94 |
| EPD Enterprise Products Partners | Reduce -5.4% | 9.74% | −0.81 |
| TRGP Targa Resources Corp. | Reduce -68.4% | 0.32% | −0.58 |
| KMI Kinder Morgan Inc. | Reduce -46.3% | 0.74% | −0.55 |
| ENLC Enlink Midstream LLC | Reduce -9.1% | 5.03% | −0.55 |
| DINO HF Sinclair Corp. | Sold out | 0.00% | −0.34 |
| JPM JPMorgan Chase & Co. | Reduce -70.3% | 0.09% | −0.23 |
| ET Energy Transfer LP | Reduce -2.6% | 10.91% | −0.14 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.13 |
| SO The Southern Co. | Sold out | 0.00% | −0.10 |
| IP International Paper Co. | Sold out | 0.00% | −0.10 |
| MS Morgan Stanley | Reduce -16.6% | 0.49% | −0.09 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.07 |
| GS Goldman Sachs Group Inc. | Reduce -16.6% | 0.56% | −0.07 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.07 |
| AMZA Infracap MLP ETF | Reduce -19.7% | 0.25% | −0.07 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.06 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.06 |
| GNL Global Net Lease Inc. | Reduce -54.3% | 0.04% | −0.05 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.05 |
| PM Philip Morris International | Reduce -21.4% | 0.31% | −0.05 |
| SCAP Infrastructure Capital Small | Reduce -38.7% | 0.06% | −0.05 |
| BXP BXP Inc. | Reduce -3.4% | 0.37% | −0.04 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −0.04 |
| NVDA Nvidia Corp. | Reduce -58.4% | 0.05% | −0.04 |
| AXP American Express Co. | Sold out | 0.00% | −0.04 |
| JRVR James River Group Holdings I | Sold out | 0.00% | −0.04 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.03 |
| AVGO Broadcom Inc. | Reduce -31.6% | 0.13% | −0.03 |
| REXR Rexford Industrial Realty Inc. | Reduce -1.2% | 0.16% | −0.03 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -21.1% | 0.08% | −0.02 |
| MCD McDonald's Corp. | Reduce -1.2% | 0.09% | −0.01 |
| CCI Crown Castle Inc. | Reduce -1.2% | 0.09% | −0.01 |
| CVX Chevron Corp. | Reduce -1.2% | 0.26% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -1.1% | 0.06% | −0.01 |
| O Realty Income Corp. | Reduce -1.2% | 0.11% | −0.01 |
| SPG Simon Property Group Inc. | Reduce -1.2% | 0.09% | −0.01 |
| VOD Vodafone Group PLC-SP ADR | Reduce -1.2% | 0.13% | −0.00 |
| NWN Northwest Natural Holding Co. | Reduce -1.2% | 0.06% | −0.00 |
| D Dominion Energy Inc. | Reduce -1.2% | 0.07% | −0.00 |
| GLPI Gaming and Leisure Propertie | Reduce -1.2% | 0.05% | −0.00 |
| AMT American Tower Corp. | Reduce -1.2% | 0.05% | −0.00 |
| VZ Verizon Communications Inc. | Reduce -1.2% | 0.05% | −0.00 |
| EIX Edison International | Reduce -1.2% | 0.13% | −0.00 |
| BAC Bank of America Corp. | Reduce -3.6% | 0.25% | −0.00 |
| DUK Duke Energy Corp. | Reduce -1.2% | 0.13% | +0.00 |
| MO Altria Group Inc. | Reduce -1.5% | 0.19% | +0.00 |
Portfolio Buys Q1 2024 → Q2 2024
| SUN Sunoco LP | Add +1625.2% | 9.35% | +8.76 |
| UGI Ugi Corp. | New | 2.54% | +2.54 |
| AQN Algonquin Power & Utilities | New | 2.12% | +2.12 |
| WES Western Midstream Partners L | Add +2.1% | 9.78% | +1.05 |
| MPC Marathon Petroleum Corp. | Add +1288.0% | 1.06% | +0.97 |
| VLO Valero Energy Corp. | Add +2520.0% | 0.78% | +0.75 |
| PAA Plains All Amer Pipeline LP | Add +6.3% | 11.10% | +0.65 |
| AMZN Amazon.com Inc. | New | 0.31% | +0.31 |
| LNG Cheniere Energy Inc. | Add +26.0% | 1.16% | +0.29 |
| TRP TC Energy Corp. | Add +752.7% | 0.34% | +0.29 |
| EQIX Equinix Inc. | Add +893.1% | 0.32% | +0.29 |
| ENB Enbridge Inc. | Add +131.1% | 0.49% | +0.27 |
| PSX Phillips 66 | Add +451.6% | 0.28% | +0.22 |
| C Citigroup Inc. | Add +93.6% | 0.44% | +0.21 |
| WMB Williams Cos Inc. | Add +227.3% | 0.24% | +0.17 |
| DLR Digital Realty Trust Inc. | New | 0.17% | +0.17 |
| GLP Global Partners LP | Add +31.8% | 0.64% | +0.16 |
| USAC USA Compression Partners LP | Add +45.5% | 0.64% | +0.14 |
| IWM iShares Russell 2000 ETF | Add +192.7% | 0.19% | +0.12 |
| JNJ Johnson & Johnson | Add +62.0% | 0.35% | +0.11 |
| ARES Ares Management Corp. Class A | New | 0.10% | +0.10 |
| MPLX MPLX LP | Add +0.2% | 11.14% | +0.10 |
| FRT Federal Realty Invs Trust | Add +78.9% | 0.22% | +0.09 |
| FITB Fifth Third Bancorp | New | 0.09% | +0.09 |
| KO The Coca-Cola Co. | New | 0.08% | +0.08 |
| DKL Delek Logistics Partners LP | Add +8.2% | 1.35% | +0.06 |
| HPE Hewlett Packard Enterprise | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| AMGN Amgen Inc. | New | 0.04% | +0.04 |
| EMR Emerson Electric Co. | New | 0.03% | +0.03 |
| HESM Hess Midstream LP Class A | Add +2.1% | 2.82% | +0.03 |
| ADC Agree Realty Corp. | Add +5.4% | 0.13% | +0.01 |
| T AT&T Inc. | Add +2.3% | 0.15% | +0.01 |
| ARE Alexandria Real Estate Equit | Add +31.8% | 0.07% | +0.01 |
| AB Alliancebernstein Holding LP | Add +7.8% | 0.22% | +0.01 |
| DOW Dow Inc. | Add +9.9% | 0.24% | −0.00 |
| KRC Kilroy Realty Corp. | Add +17.5% | 0.25% | −0.00 |
| ICAP Infrastructure Capital Equit | Add +0.4% | 0.11% | −0.00 |
| KHC The Kraft Heinz Co. | Add +12.3% | 0.17% | −0.01 |
| CQP Cheniere Energy Partners LP | Add +2.1% | 3.63% | −0.01 |
| SPH Suburban Propane Partners LP | Add +2.1% | 0.14% | −0.01 |
| BLMN Bloomin' Brands Inc. | Add +43.4% | 0.21% | −0.01 |
| NFE New Fortress Energy Inc. | Add +5.7% | 0.61% | −0.21 |
Options Activity Q1 2024 → Q2 2024
| SPY SS SPDR S&P 500 ETF Trust-US | call | Add +354.6% | 100,000 | $54.4M |
| QQQ Invesco QQQ Trust Series 1 | call | Sold out | 13,000 | $5.8Mbefore exit |
| IXP iShares Global Comm Services | call | Sold out | 15,000 | $3.2Mbefore exit |
| DIA SS SPDR Dow Jones Indus Avg | call | Reduce -76.5% | 4,000 | $1.6M |
| ILCG iShares Morningstar Growth E | call | Sold out | 16,000 | $1.4Mbefore exit |
| XLB SS Materials Select Sector | call | Sold out | 7,000 | $661Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +7.3% | 1,108,848 | $27.6M |
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -54.0% | 444,409 | $18.4M |
| UGI CORP (UGI 7.25 06/01/24) | UNIT 06/01/2024 | Sold out | 283,217 | $16.5Mbefore exit |
| ALGONQUIN PWR & (AQNCN 7.75 06/15/24) | UNIT 06/15/2024 | Sold out | 640,284 | $13.7Mbefore exit |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -2.8% | 466,831 | $13.0M |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Reduce -59.0% | 116,059 | $6.3M |
| NEXTERA ENERGY INC (NEE 7.299 06/01/27) | UNIT 06/01/2027 | New | 125,398 | $6.2M |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Reduce -3.0% | 385,179 | $5.0M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +8.2% | 81,704 | $1.6M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +8.3% | 28,290 | $1.3M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | New | 21,449 | $685K |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 8,702 | $571K |
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 |