Infrastructure Capital Advisors, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Infrastructure Capital Advisors, LLC reported 154 stock positions worth $732.9 million. Its top holding was Energy Transfer (ET) at 10.9% of the portfolio, followed by Sunoco (SUN, 9.2%) and Plains All Amer Pipeline (PAA, 9.1%). Compared with Q1 2026, it opened 50 new positions, sold out of 20, added to 71 and reduced 33. The biggest buy was Broadcom (AVGO, shares +580%) and the biggest sale Targa Resources (TRGP, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001621802
- Portfolio Value
- $732.9M (Q2 2026)
- SEC Filing
- 0000919574-26-005119 ↗ filed Aug 13, 2026
Holdings Value
Holdings 154 stocks · $732.9M
| ET Energy Transfer LP | 10.86% | 4,163,933 | $79.6M | Reduce -1.9% |
| SUN Sunoco LP | 9.17% | 995,794 | $67.2M | Add +2.4% |
| PAA Plains All Amer Pipeline LP | 9.10% | 2,995,408 | $66.7M | Reduce -3.1% |
| EPD Enterprise Products Partners | 7.48% | 1,491,905 | $54.8M | Reduce -3.6% |
| WES Western Midstream Partners L | 7.27% | 1,217,182 | $53.3M | Reduce -1.4% |
| MPLX MPLX LP | 7.20% | 936,785 | $52.8M | Reduce -12.3% |
| HESM Hess Midstream LP Class A | 3.10% | 604,561 | $22.7M | Reduce -9.6% |
| LNG Cheniere Energy Inc. | 2.69% | 82,640 | $19.8M | Add +0.6% |
| GTLS Chart Industries Inc. | 2.32% | 81,360 | $17.0M | Add +11.1% |
| WMB Williams Cos Inc. | 2.08% | 205,503 | $15.3M | Reduce -32.0% |
| CQP Cheniere Energy Partners LP | 1.92% | 230,763 | $14.1M | Add +1.8% |
| KMI Kinder Morgan Inc. | 1.87% | 428,374 | $13.7M | Reduce -22.7% |
| TRGP Targa Resources Corp. | 1.38% | 37,695 | $10.1M | Reduce -59.7% |
| AMZN Amazon.com Inc. | 1.32% | 40,668 | $9.7M | Add +25.5% |
| GEL Genesis Energy L.P. | 1.24% | 643,436 | $9.1M | Add +1.8% |
| USAC USA Compression Partners LP | 1.24% | 345,361 | $9.1M | Add +9.8% |
| AVGO Broadcom Inc. | 1.16% | 22,580 | $8.5M | Add +579.5% |
| TOL Toll Brothers Inc. | 1.14% | 50,674 | $8.3M | Add +62.3% |
| DKL Delek Logistics Partners LP | 0.98% | 139,812 | $7.2M | Reduce -10.7% |
| LMT Lockheed Martin Corp. | 0.87% | 12,554 | $6.4M | Add +730.3% |
| OKE Oneok Inc. | 0.86% | 72,588 | $6.3M | Reduce -20.4% |
| BAC Bank of America Corp. | 0.84% | 108,548 | $6.2M | New |
| PFFA Virtus Infracap US Pref STCK | 0.82% | 283,867 | $6.0M | Reduce -1.9% |
| CFG Citizens Financial Group | 0.80% | 84,054 | $5.9M | Add +2.2% |
| MSFT Microsoft Corp. | 0.80% | 15,776 | $5.9M | Add +175.8% |
| DHI D.R. Horton Inc. | 0.76% | 33,994 | $5.5M | Add +565.1% |
| CELH Celsius Holdings Inc. | 0.75% | 187,661 | $5.5M | Add +53.1% |
| GLP Global Partners LP | 0.71% | 112,228 | $5.2M | Add +1.8% |
| KKR KKR & Co. Inc. | 0.66% | 52,614 | $4.8M | Add +23.9% |
| LEN Lennar Corp. Class A | 0.66% | 53,340 | $4.8M | Add +62.2% |
| TRP TC Energy Corp. | 0.61% | 67,733 | $4.5M | Reduce -25.8% |
| NVDA Nvidia Corp. | 0.60% | 21,806 | $4.4M | Add +45.4% |
| GEV GE Vernova Inc. | 0.58% | 3,591 | $4.2M | Add +616.8% |
| MRK Merck & Co. Inc. | 0.46% | 26,324 | $3.4M | Add +19.8% |
| NEE Nextera Energy Inc. | 0.45% | 37,443 | $3.3M | Reduce -6.2% |
| APO Apollo Global Management Inc. | 0.45% | 27,705 | $3.3M | Reduce -7.5% |
| MPC Marathon Petroleum Corp. | 0.43% | 12,236 | $3.1M | Reduce -50.3% |
| ZION Zions Bancorp NA | 0.39% | 40,839 | $2.8M | Add +19.8% |
| META Meta Platforms Inc. Class A | 0.38% | 4,977 | $2.8M | Add +3.4% |
| XOM Exxon Mobil Corp. | 0.38% | 20,151 | $2.8M | Add +1301.3% |
| GS Goldman Sachs Group Inc. | 0.37% | 2,684 | $2.7M | Reduce -35.2% |
| ORCL Oracle Corp. | 0.34% | 17,179 | $2.5M | New |
| VST Vistra Corp. | 0.34% | 15,699 | $2.5M | Add +19.8% |
| MS Morgan Stanley | 0.34% | 11,871 | $2.5M | Add +32.5% |
| XEL Xcel Energy Inc. | 0.33% | 30,487 | $2.4M | Add +19.9% |
| RTX RTX Corp. | 0.32% | 12,428 | $2.4M | New |
| AMD Advanced Micro Devices | 0.32% | 4,016 | $2.3M | Add +234.4% |
| GOOGL Alphabet Inc. Class A | 0.32% | 6,501 | $2.3M | New |
| PSX Phillips 66 | 0.32% | 13,737 | $2.3M | Reduce -7.6% |
| FCX Freeport-McMoran Inc. | 0.31% | 36,593 | $2.3M | Add +0.9% |
| CVX Chevron Corp. | 0.30% | 13,449 | $2.2M | Add +1265.4% |
| BX Blackstone Inc. | 0.25% | 15,567 | $1.8M | Add +48.4% |
| AMZA Infracap MLP ETF | 0.24% | 38,712 | $1.8M | Reduce -0.2% |
| MU Micron Technology Inc. | 0.23% | 1,431 | $1.7M | New |
| LNT Alliant Energy Corp. | 0.22% | 20,948 | $1.6M | Add +19.8% |
| KHC The Kraft Heinz Co. | 0.22% | 67,381 | $1.6M | Add +19.8% |
| VLO Valero Energy Corp. | 0.22% | 6,074 | $1.6M | Reduce -4.7% |
| DINO HF Sinclair Corp. | 0.21% | 22,084 | $1.5M | Reduce -23.8% |
| REXR Rexford Industrial Realty Inc. | 0.21% | 45,532 | $1.5M | Add +19.8% |
| PM Philip Morris International | 0.19% | 7,804 | $1.4M | Reduce -6.6% |
| FITB Fifth Third Bancorp | 0.19% | 24,856 | $1.4M | Add +19.8% |
| NFLX Netflix Inc. | 0.19% | 19,613 | $1.4M | New |
| LLY Eli Lilly & Co. | 0.18% | 1,121 | $1.3M | New |
| CCI Crown Castle Inc. | 0.18% | 17,540 | $1.3M | Add +37.9% |
| KRC Kilroy Realty Corp. | 0.17% | 33,878 | $1.3M | Reduce -48.1% |
| VZ Verizon Communications Inc. | 0.16% | 28,440 | $1.2M | Add +19.8% |
| SAFE Safehold Inc. | 0.16% | 72,508 | $1.1M | Add +25.4% |
| SO The Southern Co. | 0.15% | 11,853 | $1.1M | Add +258.6% |
| SCAP Infrastructure Capital Small | 0.15% | 28,575 | $1.1M | Add +0.4% |
| QVOL Inftc Cap NDQ Opt Inc. ETF | 0.15% | 10,508 | $1.1M | New |
| INTC Intel Corp. | 0.13% | 7,072 | $987K | New |
| TPG TPG Inc. | 0.13% | 24,344 | $987K | Add +19.8% |
| JNK SS SPDR BB High Yield Bond | 0.13% | 9,910 | $950K | Add +234.8% |
| ALB Albemarle Corp. | 0.13% | 7,025 | $949K | New |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.13% | 11,909 | $947K | Add +239.4% |
| AAPL Apple Inc. | 0.13% | 3,245 | $939K | New |
| MKSI MKS Inc. | 0.12% | 2,014 | $896K | Add +15.1% |
| SARO Standardaero Inc. | 0.12% | 29,402 | $879K | Add +33.6% |
| MRVL Marvell Technology Inc. | 0.12% | 2,937 | $875K | Reduce -95.3% |
| PEP Pepsico Inc. | 0.11% | 6,163 | $834K | Add +19.4% |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.11% | 5,817 | $834K | New |
| AMAT Applied Materials Inc. | 0.11% | 1,120 | $810K | New |
| MOG.A Moog Inc. Class A | 0.11% | 1,885 | $799K | Add +1.9% |
| SPH Suburban Propane Partners LP | 0.11% | 46,597 | $797K | New |
| OPI Office Properties Income Tru | 0.11% | 45,864 | $780K | New |
| KBH KB Home | 0.10% | 11,853 | $742K | Add +17.0% |
| BXP BXP Inc. | 0.10% | 11,099 | $736K | Reduce -63.3% |
| BHF Brighthouse Financial Inc. | 0.10% | 11,613 | $735K | Add +16.9% |
| EWBC East West Bancorp Inc. | 0.10% | 5,437 | $702K | Reduce -23.3% |
| HALO Halozyme Therapeutics Inc. | 0.09% | 8,596 | $673K | Add +1.9% |
| USB US Bancorp | 0.09% | 10,899 | $658K | Reduce -41.7% |
| HBM Hudbay Minerals Inc. | 0.09% | 27,686 | $654K | Add +176.9% |
| KTB Kontoor Brands Inc. | 0.09% | 7,812 | $651K | New |
| NTB Bank of N.T. Butterfield&son | 0.09% | 10,791 | $642K | Reduce -21.3% |
| SMTC Semtech Corp. | 0.09% | 3,950 | $639K | New |
| OTTR Otter Tail Corp. | 0.09% | 6,924 | $623K | Add +1.9% |
| MCD McDonald's Corp. | 0.08% | 2,301 | $622K | New |
| HII Huntington Ingalls Industrie | 0.08% | 2,216 | $620K | Add +19.8% |
| LRCX Lam Research Corp. | 0.08% | 1,382 | $599K | New |
| WYNN WYNN Resorts Ltd. | 0.08% | 6,155 | $598K | Add +1.9% |
| ICAP Infrastructure Capital Equit | 0.08% | 20,486 | $584K | Add +0.5% |
| GNRC Generac Holdings Inc. | 0.08% | 1,962 | $574K | New |
| HBAN Huntington Bancshares Inc. | 0.08% | 31,746 | $563K | New |
| BHR Braemar Hotels & Resorts Inc. | 0.08% | 259,555 | $561K | Add +15.5% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 4,600 | $537K | New |
| SNDK Sandisk Corp. | 0.07% | 236 | $537K | New |
| BPOP Popular Inc. | 0.07% | 3,261 | $535K | Reduce -12.5% |
| SANM Sanmina Corp. | 0.07% | 2,103 | $532K | New |
| AVNT Avient Corp. | 0.07% | 14,338 | $530K | Add +49.9% |
| SBUX Starbucks Corp. | 0.07% | 5,122 | $523K | New |
| KLAC KLA Corp. | 0.07% | 1,706 | $515K | New |
| DKNG Draftkings Inc. Class A | 0.07% | 19,810 | $500K | Add +20.1% |
| SNEX Stonex Group Inc. | 0.06% | 4,000 | $474K | Reduce -61.1% |
| NWE Northwestern Energy Group Inc. | 0.06% | 6,537 | $468K | Reduce -24.4% |
| AGNC AGNC Investment Corp. | 0.06% | 42,881 | $467K | Add +1.9% |
| T AT&T Inc. | 0.06% | 21,596 | $447K | Add +39.2% |
| CECO Ceco Environmental Corp. | 0.06% | 4,922 | $447K | New |
| MSDL Morgan Stanley Direct Lendin | 0.06% | 29,001 | $438K | Add +11.5% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.06% | 220 | $438K | New |
| VG Venture Global Inc. Class A | 0.06% | 39,153 | $436K | Add +1.8% |
| NYT New York Times Co. Class A | 0.06% | 6,198 | $434K | Add +1.9% |
| UBER Uber Technologies Inc. | 0.06% | 5,816 | $420K | New |
| GDDY GoDaddy Inc. Class A | 0.06% | 4,944 | $420K | Add +28.4% |
| GLD SPDR Gold Shares | 0.06% | 1,101 | $406K | Add +83.2% |
| CSCO Cisco Systems Inc. | 0.05% | 3,385 | $398K | New |
| QCOM Qualcomm Inc. | 0.05% | 2,064 | $381K | New |
| DASH DoorDash Inc. Class A | 0.05% | 2,028 | $374K | New |
| WU Western Union Co. | 0.05% | 47,279 | $364K | Add +1.9% |
| APP AppLovin Corp. Class A | 0.05% | 697 | $359K | New |
| BKNG Booking Holdings Inc. | 0.05% | 2,009 | $358K | New |
| AMGN Amgen Inc. | 0.05% | 986 | $357K | New |
| TXN Texas Instruments Inc. | 0.05% | 1,129 | $337K | New |
| PK Park Hotels & Resorts Inc. | 0.04% | 22,551 | $321K | Reduce -2.4% |
| WDC Western Digital Corp. | 0.04% | 486 | $310K | New |
| FTNT Fortinet Inc. | 0.04% | 2,010 | $309K | New |
| PANW Palo Alto Networks Inc. | 0.04% | 877 | $299K | New |
| ADSK Autodesk Inc. | 0.04% | 1,514 | $294K | New |
| TMUS T-Mobile US Inc. | 0.04% | 1,694 | $284K | New |
| STX Seagate Technology Holdings | 0.04% | 290 | $280K | New |
| RITM Rithm Capital Corp. | 0.04% | 28,256 | $265K | Add +1.9% |
| CZR Caesars Entertainment Inc. | 0.04% | 8,663 | $261K | New |
| PDD PDD Holdings Inc. | 0.03% | 3,326 | $254K | New |
| HLI Houlihan Lokey Inc. | 0.03% | 1,844 | $247K | Add +1.9% |
| KNTK Kinetik Holdings Inc. | 0.03% | 5,116 | $247K | Add +1.8% |
| ORLY O'reilly Automotive Inc. | 0.03% | 2,676 | $246K | New |
| ADI Analog Devices Inc. | 0.03% | 589 | $234K | New |
| MCHP Microchip Technology Inc. | 0.03% | 2,415 | $220K | New |
| BILL Bill Holdings Inc. | 0.03% | 6,000 | $217K | New |
| INTU Intuit Inc. | 0.03% | 830 | $217K | New |
| GENI Genius Sports Ltd. | 0.03% | 35,500 | $215K | Add +36.5% |
| KO The Coca-Cola Co. | 0.03% | 2,548 | $207K | Reduce -78.8% |
| DAL Delta Air Lines Inc. | 0.03% | 2,206 | $207K | New |
| AQN Algonquin Power & Utilities | 0.03% | 32,550 | $191K | Add +11.1% |
| EQX Equinox Gold Corp. | 0.02% | 12,952 | $126K | Add +1.2% |
Options reported separately and not counted above: SPY calls ($403.3M), IWM calls ($19.5M), KKR calls ($3.7M), AMZN calls ($953K), AVGO calls ($378K), AMD calls ($290K).
Other holdings (25): bonds, preferreds, convertibles and warrants · $548.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | 5,251,455 | $60.2M | Add +4.8% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 1,359,456 | $54.2M | Add +24.7% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 2,032,823 | $49.8M | Add +6.0% |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | 744,868 | $49.6M | Add +518.2% |
| ALPHABET INC (GOOGL 6.25 05/15/29 A) | DEP SHS RP1/20 A | 971,033 | $49.4M | New |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 862,265 | $38.1M | Add +1211.5% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 298,360 | $34.5M | Add +307.8% |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | 525,687 | $29.1M | Reduce -0.1% |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | 107,734 | $24.7M | New |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 372,392 | $22.7M | Reduce -44.9% |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | 604,806 | $22.2M | Add +30.0% |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | 267,511 | $20.5M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 959,237 | $18.6M | Add +2.8% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 290,371 | $11.9M | Reduce -73.8% |
| ALPHABET INC (GOOGL 6.25 05/15/29 B) | DEP SHS RP1/20 B | 225,000 | $11.3M | New |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | 190,876 | $11.2M | Add +24.8% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 674,435 | $9.3M | Add +12.2% |
| RITHM PROPERTY TRUST (RPT V9.875 PERP) | 9.875 FXD-FLT C | 272,498 | $6.8M | Add +11.1% |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | 94,240 | $5.4M | New |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | 102,972 | $4.9M | Add +51.6% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 111,300 | $3.5M | Add +11.2% |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | 99,738 | $3.5M | Add +10.7% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 65,481 | $3.0M | Add +11.1% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 138,168 | $2.7M | Reduce -31.1% |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | 22,479 | $930K | Add +21.6% |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q1 2026 → Q2 2026
| TRGP Targa Resources Corp. | Reduce -59.7% | 1.38% | −1.96 |
| MPLX MPLX LP | Reduce -12.3% | 7.20% | −1.46 |
| WMB Williams Cos Inc. | Reduce -32.0% | 2.08% | −1.04 |
| EPD Enterprise Products Partners | Reduce -3.6% | 7.48% | −0.84 |
| ET Energy Transfer LP | Reduce -1.9% | 10.86% | −0.77 |
| KMI Kinder Morgan Inc. | Reduce -22.7% | 1.87% | −0.77 |
| MRVL Marvell Technology Inc. | Reduce -95.3% | 0.12% | −0.75 |
| PAA Plains All Amer Pipeline LP | Reduce -3.1% | 9.10% | −0.71 |
| HESM Hess Midstream LP Class A | Reduce -9.6% | 3.10% | −0.59 |
| MPC Marathon Petroleum Corp. | Reduce -50.3% | 0.43% | −0.43 |
| OKE Oneok Inc. | Reduce -20.4% | 0.86% | −0.31 |
| TRP TC Energy Corp. | Reduce -25.8% | 0.61% | −0.20 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.19 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.13 |
| GS Goldman Sachs Group Inc. | Reduce -35.2% | 0.37% | −0.13 |
| DKL Delek Logistics Partners LP | Reduce -10.7% | 0.98% | −0.12 |
| BXP BXP Inc. | Reduce -63.3% | 0.10% | −0.12 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.10 |
| KO The Coca-Cola Co. | Reduce -78.8% | 0.03% | −0.10 |
| GNL Global Net Lease Inc. | Sold out | 0.00% | −0.09 |
| KRC Kilroy Realty Corp. | Reduce -48.1% | 0.17% | −0.09 |
| EIX Edison International | Sold out | 0.00% | −0.08 |
| NEE Nextera Energy Inc. | Reduce -6.2% | 0.45% | −0.08 |
| PFBC Preferred Bank/Los Angeles | Sold out | 0.00% | −0.07 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.07 |
| PSX Phillips 66 | Reduce -7.6% | 0.32% | −0.07 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.07 |
| SNEX Stonex Group Inc. | Reduce -61.1% | 0.06% | −0.05 |
| ASIX Advansix Inc. | Sold out | 0.00% | −0.05 |
| USB US Bancorp | Reduce -41.7% | 0.09% | −0.05 |
| DINO HF Sinclair Corp. | Reduce -23.8% | 0.21% | −0.05 |
| LAZ Lazard Inc. | Sold out | 0.00% | −0.04 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −0.04 |
| CHRD Chord Energy Corp. | Sold out | 0.00% | −0.04 |
| VIAV Viavi Solutions Inc. | Sold out | 0.00% | −0.04 |
| BNDS Infrastr Cap Bond Income ETF | Sold out | 0.00% | −0.04 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.04 |
| WAL Western Alliance Bancorp | Sold out | 0.00% | −0.03 |
| FROG Jfrog Ltd. | Sold out | 0.00% | −0.03 |
| SEE Sealed Air Corp. | Sold out | 0.00% | −0.03 |
| APO Apollo Global Management Inc. | Reduce -7.5% | 0.45% | −0.03 |
| OGN Organon & Co. | Sold out | 0.00% | −0.02 |
| NWE Northwestern Energy Group Inc. | Reduce -24.4% | 0.06% | −0.02 |
| NTB Bank of N.T. Butterfield&son | Reduce -21.3% | 0.09% | −0.01 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.01 |
| PFFA Virtus Infracap US Pref STCK | Reduce -1.9% | 0.82% | −0.01 |
| EWBC East West Bancorp Inc. | Reduce -23.3% | 0.10% | −0.01 |
| AMZA Infracap MLP ETF | Reduce -0.2% | 0.24% | −0.01 |
| VLO Valero Energy Corp. | Reduce -4.7% | 0.22% | −0.01 |
| PM Philip Morris International | Reduce -6.6% | 0.19% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| AVGO Broadcom Inc. | Add +579.5% | 1.16% | +1.02 |
| BAC Bank of America Corp. | New | 0.84% | +0.84 |
| LMT Lockheed Martin Corp. | Add +730.3% | 0.87% | +0.74 |
| DHI D.R. Horton Inc. | Add +565.1% | 0.76% | +0.66 |
| TOL Toll Brothers Inc. | Add +62.3% | 1.14% | +0.53 |
| GEV GE Vernova Inc. | Add +616.8% | 0.58% | +0.51 |
| MSFT Microsoft Corp. | Add +175.8% | 0.80% | +0.50 |
| AMZN Amazon.com Inc. | Add +25.5% | 1.32% | +0.36 |
| ORCL Oracle Corp. | New | 0.34% | +0.34 |
| XOM Exxon Mobil Corp. | Add +1301.3% | 0.38% | +0.34 |
| RTX RTX Corp. | New | 0.32% | +0.32 |
| GOOGL Alphabet Inc. Class A | New | 0.32% | +0.32 |
| AMD Advanced Micro Devices | Add +234.4% | 0.32% | +0.28 |
| CVX Chevron Corp. | Add +1265.4% | 0.30% | +0.28 |
| LEN Lennar Corp. Class A | Add +62.2% | 0.66% | +0.25 |
| NVDA Nvidia Corp. | Add +45.4% | 0.60% | +0.23 |
| MU Micron Technology Inc. | New | 0.23% | +0.23 |
| NFLX Netflix Inc. | New | 0.19% | +0.19 |
| SUN Sunoco LP | Add +2.4% | 9.17% | +0.19 |
| LLY Eli Lilly & Co. | New | 0.18% | +0.18 |
| GTLS Chart Industries Inc. | Add +11.1% | 2.32% | +0.17 |
| QVOL Inftc Cap NDQ Opt Inc. ETF | New | 0.15% | +0.15 |
| INTC Intel Corp. | New | 0.13% | +0.13 |
| CELH Celsius Holdings Inc. | Add +53.1% | 0.75% | +0.13 |
| ALB Albemarle Corp. | New | 0.13% | +0.13 |
| MS Morgan Stanley | Add +32.5% | 0.34% | +0.13 |
| AAPL Apple Inc. | New | 0.13% | +0.13 |
| HRI Herc Holdings Inc. | New | 0.11% | +0.11 |
| AMAT Applied Materials Inc. | New | 0.11% | +0.11 |
| SO The Southern Co. | Add +258.6% | 0.15% | +0.11 |
| SPH Suburban Propane Partners LP | New | 0.11% | +0.11 |
| OPI Office Properties Income Tru | New | 0.11% | +0.11 |
| ZION Zions Bancorp NA | Add +19.8% | 0.39% | +0.11 |
| CFG Citizens Financial Group | Add +2.2% | 0.80% | +0.10 |
| KKR KKR & Co. Inc. | Add +23.9% | 0.66% | +0.10 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +239.4% | 0.13% | +0.09 |
| JNK SS SPDR BB High Yield Bond | Add +234.8% | 0.13% | +0.09 |
| KTB Kontoor Brands Inc. | New | 0.09% | +0.09 |
| SMTC Semtech Corp. | New | 0.09% | +0.09 |
| MRK Merck & Co. Inc. | Add +19.8% | 0.46% | +0.09 |
| MCD McDonald's Corp. | New | 0.08% | +0.08 |
| LRCX Lam Research Corp. | New | 0.08% | +0.08 |
| BX Blackstone Inc. | Add +48.4% | 0.25% | +0.08 |
| GNRC Generac Holdings Inc. | New | 0.08% | +0.08 |
| HBAN Huntington Bancshares Inc. | New | 0.08% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | New | 0.07% | +0.07 |
| SNDK Sandisk Corp. | New | 0.07% | +0.07 |
| SANM Sanmina Corp. | New | 0.07% | +0.07 |
| SBUX Starbucks Corp. | New | 0.07% | +0.07 |
| KLAC KLA Corp. | New | 0.07% | +0.07 |
Options Activity Q1 2026 → Q2 2026
| SPY SS SPDR S&P 500 ETF Trust-US | call | Reduce -1.8% | 540,000 | $403.3M |
| IWM iShares Russell 2000 ETF | call | New | 65,000 | $19.5M |
| KKR KKR & Co. Inc. | call | Reduce -37.5% | 40,000 | $3.7M |
| MRVL Marvell Technology Inc. | call | Sold out | 21,000 | $2.1Mbefore exit |
| AMZN Amazon.com Inc. | call | Reduce -63.6% | 4,000 | $953K |
| TSLA Tesla Inc. | call | Sold out | 2,200 | $818Kbefore exit |
| AVGO Broadcom Inc. | call | New | 1,000 | $378K |
| AMD Advanced Micro Devices | call | New | 500 | $290K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2026 → Q2 2026
| ENERGY TRANSFER LP (ET 9.25 PERP I) | 9.250% FXD PFD I | Add +4.8% | 5,251,455 | $60.2M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +24.7% | 1,359,456 | $54.2M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +6.0% | 2,032,823 | $49.8M |
| BOEING CO/THE (BA 6 10/15/27) | DEP CONV PFD A | Add +518.2% | 744,868 | $49.6M |
| ALPHABET INC (GOOGL 6.25 05/15/29 A) | DEP SHS RP1/20 A | New | 971,033 | $49.4M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | Add +1211.5% | 862,265 | $38.1M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Add +307.8% | 298,360 | $34.5M |
| ALBEMARLE CORP (ALB 7.25 03/01/27) | 7.25% DEP SHS A | Reduce -0.1% | 525,687 | $29.1M |
| BRIGHTSPRING HEALTH SERV (BTSG 6.75 02/01/27) | UNIT 02/01/2027 | New | 107,734 | $24.7M |
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Reduce -44.9% | 372,392 | $22.7M |
| ARES MANAGEMENT CORP (ARES 6.75 10/01/27 B) | 6.75 SE B PFD | Add +30.0% | 604,806 | $22.2M |
| MICROCHIP TECHNOLOGY INC (MCHP 7.5 03/15/28) | DEP SHS REPSTG | New | 267,511 | $20.5M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Add +2.8% | 959,237 | $18.6M |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | Reduce -73.8% | 290,371 | $11.9M |
| ALPHABET INC (GOOGL 6.25 05/15/29 B) | DEP SHS RP1/20 B | New | 225,000 | $11.3M |
| STRATEGY INC (MSTR 8 PERP) | SERIES A PERP PF | Add +24.8% | 190,876 | $11.2M |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Add +12.2% | 674,435 | $9.3M |
| RITHM PROPERTY TRUST (RPT V9.875 PERP) | 9.875 FXD-FLT C | Add +11.1% | 272,498 | $6.8M |
| VSE CORP (VSEC 5.75 02/01/29) | UNIT 02/01/2029 | New | 94,240 | $5.4M |
| NEXTERA ENERGY INC (NEE 7.375 02/15/29) | UNIT 02/15/2029 | Add +51.6% | 102,972 | $4.9M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Add +11.2% | 111,300 | $3.5M |
| WHIRLPOOL CORP (WHR 8.5 02/15/29 A) | 8.5 DEP SR A CNV | Add +10.7% | 99,738 | $3.5M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +11.1% | 65,481 | $3.0M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -31.1% | 138,168 | $2.7M |
| PG&E CORP (PCG 6 12/01/27 A) | PFD CONV SER A | Add +21.6% | 22,479 | $930K |
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 |