Reaves W H & Co. Inc.

Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Reaves W H & Co. Inc. reported 94 stock positions worth $6.6 billion. Its top holding was Talen Energy (TLN) at 8.6% of the portfolio, followed by Entergy (ETR, 5.2%) and Vistra (VST, 5.0%). Compared with Q1 2026, it opened 12 new positions, sold out of 8, added to 23 and reduced 42. The biggest buy was American Electric Power (AEP, shares +189%) and the biggest sale an exit from PPL (PPL).

Most Recent 13F: Q2 2026
Location: JERSEY CITY, NJ
CIK: 0000740913
Portfolio Value: $6.6B (Q2 2026)
SEC Filing: 0000740913-26-000009 ↗ filed Jul 30, 2026

Holdings Value

Holdings 94 stocks · $6.6B


TLN Talen Energy Corp.	8.61%	1,476,664	$567.4M	Reduce -2.3%
ETR Entergy Corp.	5.19%	2,978,267	$342.1M	Add +32.8%
VST Vistra Corp.	4.98%	2,070,918	$328.5M	Reduce -1.1%
CEG Constellation Energy	4.94%	1,310,640	$325.5M	Add +8.9%
CNP Centerpoint Energy Inc.	4.43%	6,627,665	$291.9M	Reduce -5.4%
XEL Xcel Energy Inc.	4.09%	3,358,472	$269.7M	Reduce -5.4%
IDA Idacorp Inc.	4.06%	1,770,065	$267.8M	Reduce -1.7%
LNT Alliant Energy Corp.	3.22%	2,784,686	$212.4M	Reduce -7.0%
GEV GE Vernova Inc.	3.03%	169,847	$199.5M	Reduce -3.0%
NI Nisource Inc.	2.95%	4,088,685	$194.4M	Reduce -0.6%
GLW Corning Inc.	2.77%	714,933	$182.6M	Reduce -6.3%
EQIX Equinix Inc.	2.75%	173,604	$181.0M	Reduce -0.1%
PWR Quanta Services Inc.	2.69%	246,303	$177.3M	Reduce -1.6%
SRE Sempra	2.67%	1,898,237	$176.0M	Reduce -8.2%
DTM DT Midstream Inc.	2.39%	1,075,353	$157.8M	Add +15.3%
WMB Williams Cos Inc.	2.38%	2,114,150	$157.2M	Add +1.2%
CMS CMS Energy Corp.	2.22%	1,909,154	$146.1M	Reduce -9.7%
MP MP Materials Corp.	2.22%	2,606,844	$146.0M	Reduce -0.1%
AEP American Electric Power	2.06%	994,697	$136.1M	Add +188.6%
DY Dycom Industries Inc.	2.02%	263,260	$133.1M	Add +6.1%
EPD Enterprise Products Partners	1.95%	3,493,940	$128.4M	No change
NEE Nextera Energy Inc.	1.92%	1,439,436	$126.3M	Add +9.4%
CCJ Cameco Corp.	1.74%	1,125,240	$114.6M	Reduce -0.1%
CP Canadian Pacific Kansas City	1.65%	1,252,277	$108.5M	Add +16.1%
PNW Pinnacle West Capital	1.48%	913,786	$97.8M	Reduce -15.2%
WEC WEC Energy Group Inc.	1.46%	822,305	$96.0M	Add +46.1%
AEE Ameren Corporation	1.45%	846,298	$95.7M	Reduce -21.1%
NRG NRG Energy Inc.	1.42%	640,357	$93.5M	Reduce -12.8%
DTE DTE Energy Company	1.34%	581,441	$88.6M	Add +79.6%
COHR Coherent Corp.	1.27%	213,055	$84.0M	Add +3.5%
OGE Oge Energy Corp.	1.12%	1,513,586	$73.7M	Reduce -5.6%
SBAC SBA Communications Corp.	0.86%	322,464	$56.9M	No change
ANET Arista Networks Inc.	0.81%	312,537	$53.1M	Reduce -24.7%
ITG Itg Inc. Class A	0.76%	3,125,000	$50.0M	New
EQT Eqt Corp.	0.76%	939,843	$50.0M	Reduce -13.8%
LNG Cheniere Energy Inc.	0.66%	183,209	$43.8M	Add +663.4%
USAR USA Rare Earth Inc.	0.65%	2,000,000	$43.2M	Reduce -13.8%
LEU Centrus Energy Corp. Class A	0.58%	226,429	$38.0M	Add +6.8%
MPLX MPLX LP	0.57%	670,500	$37.8M	No change
AMT American Tower Corp.	0.52%	211,538	$34.6M	Add +115.8%
LITE Lumentum Holdings Inc.	0.52%	39,906	$34.2M	Reduce -4.6%
X-ENERGY, INC RESTRICTED SHARE	0.47%	1,891,802	$31.3M	New
DLR Digital Realty Trust Inc.	0.46%	167,437	$30.1M	Add +78.1%
TMUS T-Mobile US Inc.	0.44%	174,266	$29.2M	Add +62.9%
ODFL Old Dominion Freight Line	0.42%	128,200	$27.8M	Add +85.3%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL	0.41%	212,533	$26.8M	Reduce -0.5%
KRSP.U Rice Acquisition Corp. 3	0.39%	2,400,000	$25.7M	No change
TIC Tic Solutions Inc.	0.39%	3,145,735	$25.4M	Add +2.3%
NFG National Fuel Gas Co.	0.37%	314,465	$24.3M	No change
D Dominion Energy Inc.	0.31%	300,000	$20.5M	New
TBN Tamboran Resources Corp.	0.30%	615,001	$20.0M	Add +261.8%
VRT Vertiv Holdings Co. Class A	0.26%	51,434	$17.2M	Reduce -29.4%
MPC Marathon Petroleum Corp.	0.22%	56,500	$14.4M	Reduce -74.4%
FRVO Fervo Energy Co. Class A	0.20%	450,000	$13.2M	New
SHARONAI HOLDINGS INC - Restri	0.19%	181,871	$12.5M	New
FPS Forgent Power Solutions Class A	0.17%	200,000	$11.2M	New
UTL Unitil Corp.	0.17%	206,918	$10.9M	Reduce -16.7%
JCI Johnson Controls Internation	0.14%	63,360	$9.3M	Add +27.6%
BRK.B Berkshire Hathaway Inc. Class B	0.13%	17,591	$8.8M	Reduce -0.8%
YORW York Water Co. filed as YORK WTR CO	0.13%	275,000	$8.4M	New
ALB Albemarle Corp.	0.10%	50,000	$6.8M	New
EROC Erock Inc. Class A	0.10%	435,000	$6.3M	New
HTO H2O America	0.09%	100,000	$6.1M	No change
WBI Waterbridge Infrastruc Class A	0.09%	170,000	$5.8M	Reduce -62.2%
XE X-Energy Inc.	0.08%	300,000	$5.5M	New
CMCSA Comcast Corp. Class A	0.07%	195,002	$4.8M	Add +644.3%
LAC Lithium Americas Corp.	0.07%	1,240,000	$4.8M	No change
UNP Union Pacific Corp.	0.07%	17,060	$4.6M	Reduce -74.6%
FFIV F5 Inc.	0.07%	10,669	$4.4M	Add +24.2%
UTG Reaves Utility Income Fund	0.05%	85,747	$3.5M	Add +1.4%
PEG Public Service Enterprise GP	0.05%	39,619	$3.2M	Reduce -81.6%
ATO Atmos Energy Corp.	0.04%	15,795	$2.7M	Reduce -5.2%
MWH Solv Energy Inc. Class A	0.04%	75,000	$2.6M	Reduce -81.3%
CPK Chesapeake Utilities Corp.	0.04%	20,000	$2.4M	No change
SO The Southern Co.	0.03%	23,267	$2.2M	Reduce -6.1%
LAMR Lamar Advertising Co. Class A	0.03%	14,000	$2.2M	No change
XOM Exxon Mobil Corp.	0.03%	12,800	$1.8M	No change
AAPL Apple Inc.	0.02%	4,800	$1.4M	No change
DUK Duke Energy Corp.	0.02%	8,264	$1.0M	Reduce -0.2%
DTEGY Deutsche Telekom AG-Spon ADR	0.02%	38,342	$1.0M	Reduce -0.1%
OKE Oneok Inc.	0.02%	11,563	$1.0M	Reduce -2.1%
PLD Prologis Inc.	0.02%	7,356	$997K	No change
PCG P G & E Corp.	0.01%	55,378	$931K	Reduce -44.1%
PM Philip Morris International	0.01%	5,000	$905K	No change
EVRG Evergy Inc.	0.01%	10,078	$871K	Reduce -0.1%
JNJ Johnson & Johnson	0.01%	3,278	$833K	No change
NJR New Jersey Resources Corp.	0.01%	14,603	$818K	Reduce -0.1%
AWK American Water Works Co. Inc.	0.01%	5,845	$769K	Reduce -4.9%
PPG PPG Industries Inc.	0.01%	5,000	$606K	No change
MO Altria Group Inc.	0.01%	8,000	$576K	No change
CVX Chevron Corp.	0.01%	3,416	$566K	Reduce -1.4%
BKH Black Hills Corp.	0.01%	6,744	$502K	New
SR Spire Inc.	0.01%	5,594	$437K	New
BKR Baker Hughes Co.	0.00%	5,000	$278K	No change

Portfolio Sells Q1 2026 → Q2 2026


PPL PPL Corp.	Sold out	0.00%	−2.35
MPC Marathon Petroleum Corp.	Reduce -74.4%	0.22%	−0.67
SRE Sempra	Reduce -8.2%	2.67%	−0.66
CNP Centerpoint Energy Inc.	Reduce -5.4%	4.43%	−0.59
XEL Xcel Energy Inc.	Reduce -5.4%	4.09%	−0.59
CMS CMS Energy Corp.	Reduce -9.7%	2.22%	−0.51
AEE Ameren Corporation	Reduce -21.1%	1.45%	−0.51
X-ENERGY REACTOR CO. LLC SERIE	Sold out	0.00%	−0.46
EQT Eqt Corp.	Reduce -13.8%	0.76%	−0.39
CCI Crown Castle Inc.	Sold out	0.00%	−0.39
NRG NRG Energy Inc.	Reduce -12.8%	1.42%	−0.36
LNT Alliant Energy Corp.	Reduce -7.0%	3.22%	−0.34
PNW Pinnacle West Capital	Reduce -15.2%	1.48%	−0.32
CCJ Cameco Corp.	Reduce -0.1%	1.74%	−0.29
VST Vistra Corp.	Reduce -1.1%	4.98%	−0.24
PEG Public Service Enterprise GP	Reduce -81.6%	0.05%	−0.24
NI Nisource Inc.	Reduce -0.6%	2.95%	−0.23
IDA Idacorp Inc.	Reduce -1.7%	4.06%	−0.21
UNP Union Pacific Corp.	Reduce -74.6%	0.07%	−0.20
MWH Solv Energy Inc. Class A	Reduce -81.3%	0.04%	−0.16
OGE Oge Energy Corp.	Reduce -5.6%	1.12%	−0.16
WBI Waterbridge Infrastruc Class A	Reduce -62.2%	0.09%	−0.11
EQIX Equinix Inc.	Reduce -0.1%	2.75%	−0.08
UTL Unitil Corp.	Reduce -16.7%	0.17%	−0.05
VRT Vertiv Holdings Co. Class A	Reduce -29.4%	0.26%	−0.04
ANET Arista Networks Inc.	Reduce -24.7%	0.81%	−0.04
TXNM TXNM Energy Inc.	Sold out	0.00%	−0.04
LIN Linde PLC	Sold out	0.00%	−0.04
PCG P G & E Corp.	Reduce -44.1%	0.01%	−0.01
ATO Atmos Energy Corp.	Reduce -5.2%	0.04%	−0.01
CCOI Cogent Communications Holdin	Sold out	0.00%	−0.01
DTEGY Deutsche Telekom AG-Spon ADR	Reduce -0.1%	0.02%	−0.01
BRK.B Berkshire Hathaway Inc. Class B	Reduce -0.8%	0.13%	−0.01
EXC Exelon Corp.	Sold out	0.00%	−0.01
SO The Southern Co.	Reduce -6.1%	0.03%	−0.01
VZ Verizon Communications Inc.	Sold out	0.00%	−0.00
CVX Chevron Corp.	Reduce -1.4%	0.01%	−0.00
OKE Oneok Inc.	Reduce -2.1%	0.02%	−0.00
AWK American Water Works Co. Inc.	Reduce -4.9%	0.01%	−0.00
DUK Duke Energy Corp.	Reduce -0.2%	0.02%	−0.00
NJR New Jersey Resources Corp.	Reduce -0.1%	0.01%	−0.00
EVRG Evergy Inc.	Reduce -0.1%	0.01%	−0.00
LITE Lumentum Holdings Inc.	Reduce -4.6%	0.52%	+0.03
IRM Iron Mountain Inc.	Reduce -0.5%	0.41%	+0.05
USAR USA Rare Earth Inc.	Reduce -13.8%	0.65%	+0.07
MP MP Materials Corp.	Reduce -0.1%	2.22%	+0.13
PWR Quanta Services Inc.	Reduce -1.6%	2.69%	+0.41
GEV GE Vernova Inc.	Reduce -3.0%	3.03%	+0.49
TLN Talen Energy Corp.	Reduce -2.3%	8.61%	+0.61
GLW Corning Inc.	Reduce -6.3%	2.77%	+1.05

Portfolio Buys Q1 2026 → Q2 2026


AEP American Electric Power	Add +188.6%	2.06%	+1.31
ETR Entergy Corp.	Add +32.8%	5.19%	+1.01
ITG Itg Inc. Class A	New	0.76%	+0.76
DY Dycom Industries Inc.	Add +6.1%	2.02%	+0.62
DTE DTE Energy Company	Add +79.6%	1.34%	+0.56
LNG Cheniere Energy Inc.	Add +663.4%	0.66%	+0.55
X-ENERGY, INC RESTRICTED SHARE	New	0.47%	+0.47
COHR Coherent Corp.	Add +3.5%	1.27%	+0.46
WEC WEC Energy Group Inc.	Add +46.1%	1.46%	+0.38
D Dominion Energy Inc.	New	0.31%	+0.31
DTM DT Midstream Inc.	Add +15.3%	2.39%	+0.31
AMT American Tower Corp.	Add +115.8%	0.52%	+0.24
CP Canadian Pacific Kansas City	Add +16.1%	1.65%	+0.24
FRVO Fervo Energy Co. Class A	New	0.20%	+0.20
ODFL Old Dominion Freight Line	Add +85.3%	0.42%	+0.20
SHARONAI HOLDINGS INC - Restri	New	0.19%	+0.19
DLR Digital Realty Trust Inc.	Add +78.1%	0.46%	+0.17
FPS Forgent Power Solutions Class A	New	0.17%	+0.17
TBN Tamboran Resources Corp.	Add +261.8%	0.30%	+0.16
YORW York Water Co.	New	0.13%	+0.13
ALB Albemarle Corp.	New	0.10%	+0.10
EROC Erock Inc. Class A	New	0.10%	+0.10
XE X-Energy Inc.	New	0.08%	+0.08
TMUS T-Mobile US Inc.	Add +62.9%	0.44%	+0.07
CMCSA Comcast Corp. Class A	Add +644.3%	0.07%	+0.06
TIC Tic Solutions Inc.	Add +2.3%	0.39%	+0.05
JCI Johnson Controls Internation	Add +27.6%	0.14%	+0.03
FFIV F5 Inc.	Add +24.2%	0.07%	+0.03
BKH Black Hills Corp.	New	0.01%	+0.01
SR Spire Inc.	New	0.01%	+0.01
UTG Reaves Utility Income Fund	Add +1.4%	0.05%	−0.00
LEU Centrus Energy Corp. Class A	Add +6.8%	0.58%	−0.03
NEE Nextera Energy Inc.	Add +9.4%	1.92%	−0.11
WMB Williams Cos Inc.	Add +1.2%	2.38%	−0.14
CEG Constellation Energy	Add +8.9%	4.94%	−0.64

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	94	$6.6B	TLN, ETR, VST, CEG, CNP
Q1 2026	90	$6.0B	TLN, CEG, VST, CNP, XEL
Q4 2025	87	$5.7B	TLN, CEG, VST, CNP, XEL
Q3 2025	82	$5.6B	TLN, VST, CEG, CNP, XEL
Q2 2025	76	$4.5B	TLN, VST, CEG, CNP, IDA
Q1 2025	78	$3.9B	TLN, ETR, VST, NI, XEL
Q4 2024	72	$3.8B	TLN, VST, CEG, ETR, NI
Q3 2024	76	$3.7B	TLN, CEG, VST, ETR, CNP
Q2 2024	76	$3.0B	CEG, TLN, VST, CNP, NI
Q1 2024	70	$2.7B	CEG, PEG, NI, CNP, CMS