Kayne Anderson Capital Advisors LP

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Kayne Anderson Capital Advisors LP reported 46 stock positions worth $3.9 billion. Its top holding was Williams Cos (WMB) at 9.8% of the portfolio, followed by Energy Transfer (ET, 9.2%) and Enterprise Products Partners (EPD, 8.7%). Compared with Q2 2024, it opened 2 new positions, sold out of 12, added to 19 and reduced 23. The biggest buy was Enbridge (ENB, shares +55%) and the biggest sale an exit from Exxon Mobil (XOM).

Most Recent 13F
Q2 2026
Location
LOS ANGELES, CA
CIK
0000949615
Portfolio Value
$3.9B (Q3 2024)
SEC Filing
0001140361-24-045552 ↗ filed Nov 7, 2024

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $3.5B Q1 2024 Q2 2024: $3.7B Q2 2024 Q3 2024: $3.9B $3.9B Q3 2024 Q4 2024: $4.2B Q4 2024 Q1 2025: $4.5B Q1 2025 Q2 2025: $4.3B Q2 2025 Q3 2025: $4.5B Q3 2025 Q4 2025: $4.4B Q4 2025 Q1 2026: $5.2B Q1 2026 Q2 2026: $5.1B Q2 2026

Holdings 46 stocks · $3.9B
WMB Williams Cos Inc. 9.76% 8,330,078 $380.3M Reduce -2.2%
ET Energy Transfer LP 9.17% 22,264,067 $357.3M Reduce -1.1%
EPD Enterprise Products Partners 8.70% 11,641,147 $338.9M Reduce -0.9%
OKE Oneok Inc. 7.71% 3,298,034 $300.5M Reduce -6.1%
TRGP Targa Resources Corp. 7.32% 1,926,251 $285.1M Reduce -22.5%
MPLX MPLX LP 6.54% 5,735,562 $255.0M Add +0.8%
LNG Cheniere Energy Inc. 6.12% 1,326,658 $238.6M Add +5.5%
WES Western Midstream Partners L 6.12% 6,228,448 $238.3M Add +23.5%
KMI Kinder Morgan Inc. 5.98% 10,550,002 $233.0M Add +0.7%
PBA Pembina Pipeline Corp. 4.40% 4,155,198 $171.4M Add +15.3%
ENB Enbridge Inc. 4.32% 4,143,265 $168.3M Add +55.1%
TRP TC Energy Corp. 3.90% 3,198,140 $152.1M Add +29.2%
PAA Plains All Amer Pipeline LP 3.36% 7,538,106 $130.9M Reduce -11.8%
HESM Hess Midstream LP Class A 2.39% 2,640,514 $93.1M Add +7.9%
SRE Sempra 2.19% 1,020,769 $85.4M Add +34.9%
NEE Nextera Energy Inc. 1.85% 852,674 $72.1M Reduce -13.6%
DTM DT Midstream Inc. 1.40% 692,429 $54.5M Reduce -0.3%
AM Antero Midstream Corp. 1.15% 2,984,097 $44.9M Reduce -1.1%
KNTK Kinetik Holdings Inc. 1.11% 959,229 $43.4M Reduce -21.4%
ETR Entergy Corp. 0.90% 266,730 $35.1M New
PAGP Plains GP Holdings LP 0.80% 1,690,659 $31.3M Reduce -28.7%
AROC Archrock Inc. 0.80% 1,530,440 $31.0M Add +1680.2%
KYN Kayne Anderson Energy Infra 0.46% 1,614,122 $17.8M No change
XEL Xcel Energy Inc. 0.38% 224,082 $14.6M Add +17.0%
ARIS WATER SOLUTIONS INC-A 0.35% 797,786 $13.5M Reduce -11.0%
PCG P G & E Corp. 0.31% 619,630 $12.3M Add +28.5%
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) 0.31% 689,134 $12.2M Add +136.6%
PEG Public Service Enterprise GP 0.30% 133,102 $11.9M Add +12.7%
BEP Brookfield Renewable Partner 0.24% 334,822 $9.4M Add +105.7%
AES AES Corp. 0.21% 401,903 $8.1M Reduce -17.5%
EXC Exelon Corp. 0.19% 183,844 $7.5M New
FSLR First Solar Inc. 0.18% 28,001 $7.0M Add +25.4%
CEG Constellation Energy 0.17% 25,277 $6.6M Reduce -3.1%
GEV GE Vernova Inc. 0.16% 24,503 $6.2M Reduce -26.3%
RNW Renew Energy Global PLC-A 0.14% 888,831 $5.6M Add +21.3%
PWR Quanta Services Inc. 0.14% 18,349 $5.5M Reduce -1.1%
CWEN Clearway Energy Inc. Class C 0.13% 165,327 $5.1M Reduce -38.0%
AQN Algonquin Power & Utilities 0.09% 634,087 $3.5M Reduce -84.4%
KGS Kodiak Gas Services Inc. 0.07% 93,483 $2.7M Add +77.5%
GLP Global Partners LP 0.04% 35,014 $1.6M Reduce -8.6%
ATLANTICA JERSEY LTD (AY 4 07/15/25) 0.04% 45,844 $1.6M No change
CCJ Cameco Corp. 0.04% 28,528 $1.4M Reduce -85.0%
MTZ Mastec Inc. 0.02% 7,078 $871K Reduce -52.3%
BEPC Brookfield Renewable Cor-A 0.01% 16,883 $551K Add +35.1%
SUN Sunoco LP 0.01% 9,431 $506K Reduce -51.7%
PSX Phillips 66 0.00% 1,361 $179K Reduce -99.5%
Other holdings (2): bonds, preferreds, convertibles and warrants · $25.8M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 508,652$23.6MReduce -13.7%
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 40,000$2.2MNew

Total filed on the 13F, all lines: $3.9B.

Portfolio Sells Q2 2024 → Q3 2024
XOM Exxon Mobil Corp. Sold out 0.00% −1.78
TRGP Targa Resources Corp. Reduce -22.5% 7.32% −1.34
PSX Phillips 66 Reduce -99.5% 0.00% −0.99
PAA Plains All Amer Pipeline LP Reduce -11.8% 3.36% −0.77
ET Energy Transfer LP Reduce -1.1% 9.17% −0.71
AQN Algonquin Power & Utilities Reduce -84.4% 0.09% −0.56
EPD Enterprise Products Partners Reduce -0.9% 8.70% −0.51
PAGP Plains GP Holdings LP Reduce -28.7% 0.80% −0.40
KNTK Kinetik Holdings Inc. Reduce -21.4% 1.11% −0.25
CCJ Cameco Corp. Reduce -85.0% 0.04% −0.22
WCC Wesco International Inc. Sold out 0.00% −0.19
FLNC Fluence Energy Inc. Sold out 0.00% −0.13
ETRN Equitrans Midstream Corp. Sold out 0.00% −0.06
AM Antero Midstream Corp. Reduce -1.1% 1.15% −0.05
CWEN Clearway Energy Inc. Class C Reduce -38.0% 0.13% −0.05
NEE Nextera Energy Inc. Reduce -13.6% 1.85% −0.04
OKE Oneok Inc. Reduce -6.1% 7.71% −0.04
ARIS WATER SOLUTIONS INC-A Reduce -11.0% 0.35% −0.03
WMB Williams Cos Inc. Reduce -2.2% 9.76% −0.03
XTPZX Tortoise Power & Enrgy Infra Sold out 0.00% −0.03
AES AES Corp. Reduce -17.5% 0.21% −0.02
MTZ Mastec Inc. Reduce -52.3% 0.02% −0.02
TYG Tortoise Energy Infrastruct Sold out 0.00% −0.02
SUN Sunoco LP Reduce -51.7% 0.01% −0.02
DKL Delek Logistics Partners LP Sold out 0.00% −0.02
NTG Tortoise Midstream Energy Sold out 0.00% −0.01
CAPL Crossamerica Partners LP Sold out 0.00% −0.01
NGL NGL Energy Partners LP Sold out 0.00% −0.01
XTEAX Tortoise Sust&social Imp Ter Sold out 0.00% −0.01
GLP Global Partners LP Reduce -8.6% 0.04% −0.01
GEL Genesis Energy L.P. Sold out 0.00% −0.00
GEV GE Vernova Inc. Reduce -26.3% 0.16% +0.01
PWR Quanta Services Inc. Reduce -1.1% 0.14% +0.01
CEG Constellation Energy Reduce -3.1% 0.17% +0.03
DTM DT Midstream Inc. Reduce -0.3% 1.40% +0.06

Portfolio Buys Q2 2024 → Q3 2024
ENB Enbridge Inc. Add +55.1% 4.32% +1.75
TRP TC Energy Corp. Add +29.2% 3.90% +1.37
ETR Entergy Corp. New 0.90% +0.90
PBA Pembina Pipeline Corp. Add +15.3% 4.40% +0.78
AROC Archrock Inc. Add +1680.2% 0.80% +0.75
WES Western Midstream Partners L Add +23.5% 6.12% +0.70
SRE Sempra Add +34.9% 2.19% +0.63
KMI Kinder Morgan Inc. Add +0.7% 5.98% +0.35
EXC Exelon Corp. New 0.19% +0.19
LNG Cheniere Energy Inc. Add +5.5% 6.12% +0.18
ARRAY TECHNOLOGIES INC (ARRY 1 12/01/28) Add +136.6% 0.31% +0.16
BEP Brookfield Renewable Partner Add +105.7% 0.24% +0.13
XEL Xcel Energy Inc. Add +17.0% 0.38% +0.10
PCG P G & E Corp. Add +28.5% 0.31% +0.09
PEG Public Service Enterprise GP Add +12.7% 0.30% +0.07
FSLR First Solar Inc. Add +25.4% 0.18% +0.04
KGS Kodiak Gas Services Inc. Add +77.5% 0.07% +0.03
RNW Renew Energy Global PLC-A Add +21.3% 0.14% +0.02
BEPC Brookfield Renewable Cor-A Add +35.1% 0.01% +0.00
MPLX MPLX LP Add +0.8% 6.54% −0.01
HESM Hess Midstream LP Class A Add +7.9% 2.39% −0.02

Notes & Other Activity Q2 2024 → Q3 2024
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Reduce -13.7% 508,652 $23.6M
NEXTERA ENERGY INC (NEE 7.299 06/01/27) UNIT 06/01/2027 New 40,000 $2.2M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 53$5.1BWMB, EPD, ET, LNG, OKE
Q1 2026 48$5.2BEPD, WMB, ET, LNG, MPLX
Q4 2025 42$4.4BWMB, EPD, ET, MPLX, KMI
Q3 2025 45$4.5BWMB, EPD, ET, LNG, MPLX
Q2 2025Amended 42$4.3BWMB, ET, EPD, MPLX, LNG
Q1 2025 44$4.5BWMB, EPD, ET, MPLX, LNG
Q4 2024 45$4.2BET, EPD, WMB, LNG, KMI
Q3 2024 46$3.9BWMB, ET, EPD, OKE, TRGP
Q2 2024 56$3.7BET, WMB, EPD, TRGP, OKE
Q1 2024 61$3.5BET, WMB, EPD, TRGP, OKE