Kayne Anderson Capital Advisors LP In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Kayne Anderson Capital Advisors LP reported 48 stock positions worth $5.2 billion . Its top holding was Enterprise Products Partners (EPD) at 9.5% of the portfolio, followed by Williams Cos (WMB, 9.4% ) and Energy Transfer (ET, 9.1% ). Compared with Q4 2025, it opened 11 new positions, sold out of 5, added to 15 and reduced 20. The biggest buy was Cheniere Energy (LNG, shares +6% ) and the biggest sale MPLX (MPLX, shares −6% ).
Location LOS ANGELES, CA
CIK 0000949615
Portfolio Value $5.2B (Q1 2026) Holdings 48 stocks · $5.2B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 EPD Enterprise Products Partners 13,031,597 $493.1M Reduce -2.4% WMB Williams Cos Inc. 6,703,243 $487.9M Reduce -12.4% ET Energy Transfer LP 24,582,320 $474.4M Add +2.6% LNG Cheniere Energy Inc. 1,661,622 $471.5M Add +5.7% MPLX MPLX LP 6,826,567 $389.6M Reduce -5.5% KMI Kinder Morgan Inc. 10,954,067 $367.3M Reduce -13.2% OKE Oneok Inc. 3,864,461 $349.3M Add +6.4% ENB Enbridge Inc. 6,095,939 $330.0M Add +32.6% TRP TC Energy Corp. 4,817,663 $301.6M Reduce -9.9% MNR Mach Natural Resources LP 18,960,034 $265.4M Reduce -1.2% TRGP Targa Resources Corp. 777,603 $195.0M Reduce -10.1% WES Western Midstream Partners L 3,918,091 $161.3M Add +0.4% PAA Plains All Amer Pipeline LP 6,200,636 $138.5M Add +21.1% AM Antero Midstream Corp. 4,248,708 $96.9M Reduce -6.3% DTM DT Midstream Inc. 649,976 $87.5M Reduce -24.7% SRE Sempra 776,402 $75.4M Reduce -19.0% PBA Pembina Pipeline Corp. 1,606,533 $71.9M Reduce -9.0% ETR Entergy Corp. 602,401 $67.7M Reduce -1.6% HESM Hess Midstream LP Class A 1,511,093 $58.7M Reduce -8.2% CNP Centerpoint Energy Inc. 1,244,218 $53.7M Add +0.8% MPC Marathon Petroleum Corp. 159,988 $39.1M New KGS Kodiak Gas Services Inc. 622,969 $36.3M Add +1418.1% AROC Archrock Inc. 996,468 $34.7M Add +80.5% EE Excelerate Energy Inc. Class A 646,535 $21.6M Reduce -29.0% SWX Southwest Gas Holdings Inc. 216,680 $18.8M New SUNC Sunococorp LLC 216,889 $13.4M New KYN Kayne Anderson Energy Infra 808,748 $11.5M No change KNRG Smplfy KYN Andr En & Infr CR filed as SIMPLIFY EXCHANGE TRADED FUN 399,553 $10.2M Add +33.8% NFG National Fuel Gas Co. 106,322 $10.0M Add +12.5% NRG NRG Energy Inc. 64,239 $9.4M Add +22.6% XEL Xcel Energy Inc. 97,379 $7.7M Add +27.0% PPL PPL Corp. 200,042 $7.6M Reduce -46.8% USAC USA Compression Partners LP 250,946 $6.8M New GEV GE Vernova Inc. 6,873 $6.0M Reduce -17.1% IDA Idacorp Inc. 38,502 $5.5M New VST Vistra Corp. 34,412 $5.2M New PAGP Plains GP Holdings LP 197,711 $4.8M Add +12.7% AEP American Electric Power 35,263 $4.6M New PWR Quanta Services Inc. 8,369 $4.6M Reduce -19.1% CEG Constellation Energy 16,180 $4.5M New CCJ Cameco Corp. 34,139 $3.7M Add +15.6% TLN Talen Energy Corp. 11,549 $3.7M Reduce -26.7% CTRI Centuri Holdings Inc. 98,861 $2.9M Reduce -50.1% BWXT BWX Technologies Inc. 8,399 $1.7M New POWL Powell Industries Inc. 3,139 $1.7M Reduce -71.6% MWH Solv Energy Inc. Class A 45,674 $1.4M New GLP Global Partners LP 31,925 $1.3M No change FSLR First Solar Inc. 4,769 $941K New
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ MPLX MPLX LP Reduce -5.5% 7.47% −1.30 WMB Williams Cos Inc. Reduce -12.4% 9.35% −1.11 TRP TC Energy Corp. Reduce -9.9% 5.78% −0.91 KMI Kinder Morgan Inc. Reduce -13.2% 7.04% −0.85 LIN Linde PLC Sold out 0.00% −0.81 DTM DT Midstream Inc. Reduce -24.7% 1.68% −0.67 SRE Sempra Reduce -19.0% 1.45% −0.48 EPD Enterprise Products Partners Reduce -2.4% 9.45% −0.28 EXC Exelon Corp. Sold out 0.00% −0.19 EE Excelerate Energy Inc. Class A Reduce -29.0% 0.41% −0.17 HESM Hess Midstream LP Class A Reduce -8.2% 1.13% −0.17 PPL PPL Corp. Reduce -46.8% 0.15% −0.15 PBA Pembina Pipeline Corp. Reduce -9.0% 1.38% −0.15 AQN Algonquin Power & Utilities Sold out 0.00% −0.11 AES AES Corp. Sold out 0.00% −0.08 NXE Nexgen Energy Ltd. Sold out 0.00% −0.07 TLN Talen Energy Corp. Reduce -26.7% 0.07% −0.06 CTRI Centuri Holdings Inc. Reduce -50.1% 0.06% −0.06 POWL Powell Industries Inc. Reduce -71.6% 0.03% −0.05 PWR Quanta Services Inc. Reduce -19.1% 0.09% −0.01 GEV GE Vernova Inc. Reduce -17.1% 0.12% −0.01 ETR Entergy Corp. Reduce -1.6% 1.30% +0.01 AM Antero Midstream Corp. Reduce -6.3% 1.86% +0.02 TRGP Targa Resources Corp. Reduce -10.1% 3.74% +0.11 MNR Mach Natural Resources LP Reduce -1.2% 5.09% +0.27
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ LNG Cheniere Energy Inc. Add +5.7% 9.04% +2.09 ENB Enbridge Inc. Add +32.6% 6.33% +1.33 MPC Marathon Petroleum Corp. New 0.75% +0.75 KGS Kodiak Gas Services Inc. Add +1418.1% 0.70% +0.66 OKE Oneok Inc. Add +6.4% 6.70% +0.63 PAA Plains All Amer Pipeline LP Add +21.1% 2.65% +0.56 SWX Southwest Gas Holdings Inc. New 0.36% +0.36 AROC Archrock Inc. Add +80.5% 0.66% +0.34 SUNC Sunococorp LLC New 0.26% +0.26 USAC USA Compression Partners LP New 0.13% +0.13 ET Energy Transfer LP Add +2.6% 9.10% +0.11 IDA Idacorp Inc. New 0.11% +0.11 VST Vistra Corp. New 0.10% +0.10 AEP American Electric Power New 0.09% +0.09 CEG Constellation Energy New 0.09% +0.09 BWXT BWX Technologies Inc. New 0.03% +0.03 MWH Solv Energy Inc. Class A New 0.03% +0.03 XEL Xcel Energy Inc. Add +27.0% 0.15% +0.02 NFG National Fuel Gas Co. Add +12.5% 0.19% +0.02 KNRG Smplfy KYN Andr En & Infr CR Add +33.8% 0.19% +0.02 FSLR First Solar Inc. New 0.02% +0.02 PAGP Plains GP Holdings LP Add +12.7% 0.09% +0.02 CCJ Cameco Corp. Add +15.6% 0.07% +0.01 NRG NRG Energy Inc. Add +22.6% 0.18% −0.01 CNP Centerpoint Energy Inc. Add +0.8% 1.03% −0.05 WES Western Midstream Partners L Add +0.4% 3.09% −0.41
Notes & Other Activity Q4 2025 → Q1 2026 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 53 $5.1B WMB, EPD, ET, LNG, OKE Q1 2026 48 $5.2B EPD, WMB, ET, LNG, MPLX Q4 2025 42 $4.4B WMB, EPD, ET, MPLX, KMI Q3 2025 45 $4.5B WMB, EPD, ET, LNG, MPLX Q2 2025 Amended 42 $4.3B WMB, ET, EPD, MPLX, LNG Q1 2025 44 $4.5B WMB, EPD, ET, MPLX, LNG Q4 2024 45 $4.2B ET, EPD, WMB, LNG, KMI Q3 2024 46 $3.9B WMB, ET, EPD, OKE, TRGP Q2 2024 56 $3.7B ET, WMB, EPD, TRGP, OKE Q1 2024 61 $3.5B ET, WMB, EPD, TRGP, OKE