Zimmer Partners, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Zimmer Partners, LP reported 145 stock positions worth $5.8 billion. Its top holding was Welltower (WELL) at 7.3% of the portfolio, followed by Boeing (BA, 6.8%) and Targa Resources (TRGP, 5.1%). Compared with Q3 2024, it opened 49 new positions, sold out of 46, added to 41 and reduced 45. The biggest buy was a new position in Boeing (BA) and the biggest sale an exit from Pinnacle West Capital (PNW).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001565854
- Portfolio Value
- $5.8B (Q4 2024)
- SEC Filing
- 0001085146-25-001645 ↗ filed Feb 14, 2025
Holdings Value
Holdings 145 stocks · $5.8B
| WELL Welltower Inc. | 7.28% | 3,329,794 | $419.7M | Add +0.4% |
| BA The Boeing Co. | 6.83% | 2,224,500 | $393.7M | New |
| TRGP Targa Resources Corp. | 5.14% | 1,661,200 | $296.5M | Add +19.1% |
| PCG P G & E Corp. | 4.43% | 12,661,324 | $255.5M | Add +278.3% |
| XEL Xcel Energy Inc. | 4.29% | 3,667,200 | $247.6M | Add +1625.7% |
| RYAN Ryan Specialty Holdings Inc. | 4.12% | 3,700,000 | $237.4M | Reduce -9.3% |
| EVRG Evergy Inc. | 3.96% | 3,709,310 | $228.3M | Reduce -10.9% |
| DUK Duke Energy Corp. | 3.79% | 2,027,600 | $218.5M | Add +40.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 3.69% | 750,000 | $212.9M | New |
| FE Firstenergy Corp. | 3.39% | 4,918,857 | $195.7M | Add +33.4% |
| SRE Sempra | 2.90% | 1,904,802 | $167.1M | No change |
| TXNM TXNM Energy Inc. | 2.88% | 3,372,304 | $165.8M | Reduce -3.0% |
| HE Hawaiian Electric Inds | 2.56% | 15,202,552 | $147.9M | Add +1.4% |
| KGS Kodiak Gas Services Inc. | 2.37% | 3,347,700 | $136.7M | Add +88.1% |
| POR Portland General Electric Co. | 1.74% | 2,306,227 | $100.6M | Add +25.2% |
| AEE Ameren Corporation | 1.60% | 1,033,219 | $92.1M | Reduce -65.1% |
| CMS CMS Energy Corp. | 1.55% | 1,337,928 | $89.2M | New |
| AEP American Electric Power | 1.53% | 955,156 | $88.1M | Add +104.0% |
| BKH Black Hills Corp. | 1.49% | 1,472,204 | $86.2M | Reduce -6.6% |
| FANG Diamondback Energy Inc. | 1.49% | 525,000 | $86.0M | Add +2.9% |
| CTRE Caretrust REIT Inc. | 1.37% | 2,922,828 | $79.1M | Reduce -15.3% |
| KD Kyndryl Holdings Inc. | 1.35% | 2,247,641 | $77.8M | Reduce -17.5% |
| DTM DT Midstream Inc. | 1.29% | 750,000 | $74.6M | New |
| D Dominion Energy Inc. | 1.25% | 1,341,790 | $72.3M | New |
| VTR Ventas Inc. | 1.17% | 1,149,931 | $67.7M | New |
| SWX Southwest Gas Holdings Inc. | 1.12% | 910,615 | $64.4M | Add +884.5% |
| KMI Kinder Morgan Inc. | 1.08% | 2,281,000 | $62.5M | New |
| GTES Gates Industrial Corp. UK Ltd. | 0.93% | 2,593,452 | $53.3M | Reduce -38.5% |
| CWST Casella Waste Systems Inc. Class A | 0.91% | 493,230 | $52.2M | Reduce -3.5% |
| EG Everest Group Ltd. | 0.86% | 137,500 | $49.8M | Add +8.9% |
| ADT Adt Inc. | 0.84% | 7,045,945 | $48.7M | New |
| NEE Nextera Energy Inc. | 0.77% | 617,000 | $44.2M | New |
| FCPT Four Corners Property Trust | 0.67% | 1,419,025 | $38.5M | New |
| TDG Transdigm Group Inc. | 0.64% | 28,920 | $36.6M | Add +221.3% |
| FLNC Fluence Energy Inc. | 0.59% | 2,144,301 | $34.1M | Add +757.7% |
| PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L | 0.55% | 1,764,551 | $32.0M | New |
| SR Spire Inc. | 0.52% | 443,500 | $30.1M | New |
| LNG Cheniere Energy Inc. | 0.51% | 137,500 | $29.5M | Reduce -87.9% |
| PH Parker Hannifin Corp. | 0.47% | 42,500 | $27.0M | Add +61.0% |
| PACS Pacs Group Inc. | 0.44% | 1,947,229 | $25.5M | Reduce -16.4% |
| ETN Eaton Corp. PLC | 0.43% | 75,400 | $25.0M | Add +16.0% |
| BKV BKV Corporation | 0.43% | 1,031,000 | $24.5M | Add +1.4% |
| YORW York Water Co. filed as YORK WTR CO | 0.42% | 746,943 | $24.4M | Add +5.2% |
| WMS Advanced Drainage Systems Inc. | 0.42% | 210,000 | $24.3M | New |
| FVR Frontview REIT Inc. | 0.41% | 1,300,100 | $23.6M | New |
| SNY Sanofi-ADR | 0.41% | 488,300 | $23.6M | Add +21.3% |
| HESM Hess Midstream LP Class A | 0.41% | 632,316 | $23.4M | New |
| ED Consolidated Edison Inc. | 0.41% | 261,875 | $23.4M | New |
| AHR American Healthcare REIT Inc. | 0.39% | 794,200 | $22.6M | Add +4.5% |
| AES AES Corp. | 0.39% | 1,750,000 | $22.5M | Add +8650.0% |
| ETR Entergy Corp. | 0.39% | 294,000 | $22.3M | New |
| PFE Pfizer Inc. | 0.38% | 834,100 | $22.1M | New |
| AWK American Water Works Co. Inc. | 0.38% | 176,037 | $21.9M | Reduce -41.3% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 378,000 | $21.4M | New |
| GE General Electric filed as GE AEROSPACE | 0.35% | 120,500 | $20.1M | Add +85.4% |
| VVX V2X Inc. | 0.32% | 389,609 | $18.6M | Add +48.5% |
| NVT Nvent Electric PLC | 0.27% | 225,000 | $15.3M | Reduce -6.3% |
| NSC Norfolk Southern Corp. | 0.26% | 65,000 | $15.3M | Add +30.0% |
| VNOM Viper Energy Inc. | 0.26% | 300,000 | $14.7M | Reduce -7.7% |
| APD Air Products & Chemicals Inc. | 0.25% | 50,000 | $14.5M | New |
| PWR Quanta Services Inc. | 0.24% | 44,300 | $14.0M | Add +26.6% |
| CPK Chesapeake Utilities Corp. | 0.24% | 112,695 | $13.7M | Reduce -74.3% |
| CRH CRH PLC | 0.23% | 144,950 | $13.4M | Reduce -27.5% |
| ASND Ascendis Pharma A/S | 0.23% | 96,900 | $13.3M | Add +24.2% |
| PLD Prologis Inc. | 0.23% | 125,000 | $13.2M | Reduce -33.3% |
| DAL Delta Air Lines Inc. | 0.22% | 210,200 | $12.7M | New |
| TOL Toll Brothers Inc. | 0.22% | 100,000 | $12.6M | Add +185.7% |
| AZO AutoZone Inc. | 0.22% | 3,900 | $12.5M | Reduce -29.1% |
| ONB Old National Bancorp | 0.21% | 550,000 | $11.9M | New |
| SLG SL Green Realty Corp. | 0.19% | 164,784 | $11.2M | New |
| NI Nisource Inc. | 0.19% | 301,464 | $11.1M | Reduce -95.4% |
| CAT Caterpillar Inc. | 0.19% | 30,120 | $10.9M | Add +50.6% |
| WM Waste Management Inc. | 0.19% | 53,000 | $10.7M | Reduce -41.1% |
| IVT Inventrust Properties Corp. | 0.18% | 350,000 | $10.5M | Reduce -30.0% |
| WMB Williams Cos Inc. | 0.17% | 182,110 | $9.9M | New |
| ARCB Arcbest Corp. | 0.17% | 105,000 | $9.8M | Add +23.5% |
| CHTR Charter Communications Inc. Class A | 0.17% | 27,961 | $9.6M | Reduce -63.4% |
| EXC Exelon Corp. | 0.16% | 250,000 | $9.4M | Reduce -36.1% |
| RXO Rxo Inc. | 0.16% | 385,000 | $9.2M | Reduce -52.5% |
| ES Eversource Energy | 0.16% | 157,200 | $9.0M | Reduce -70.1% |
| TEX Terex Corp. | 0.14% | 180,000 | $8.3M | Reduce -2.7% |
| ULS Ul Solutions Inc. Class A | 0.14% | 165,000 | $8.2M | Reduce -76.8% |
| UAL United Airlines Holdings Inc. | 0.14% | 82,700 | $8.0M | New |
| BOW Bowhead Specialty Holdings I | 0.13% | 215,000 | $7.6M | No change |
| ENB Enbridge Inc. | 0.13% | 175,000 | $7.4M | Add +121.0% |
| OPAL Opal Fuels Inc. Class A | 0.12% | 1,994,041 | $6.8M | Reduce -1.4% |
| ECHO Echostar Corp. Class A | 0.11% | 285,000 | $6.5M | New |
| GAUZ Gauzy Ltd. | 0.11% | 649,903 | $6.4M | Add +9.9% |
| GMS GMS Inc. | 0.11% | 75,000 | $6.4M | Reduce -31.8% |
| JCI Johnson Controls Internation | 0.11% | 80,000 | $6.3M | Reduce -20.0% |
| T AT&T Inc. | 0.11% | 275,000 | $6.3M | New |
| SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC | 0.11% | 429,421 | $6.3M | New |
| PSA Public Storage | 0.11% | 20,900 | $6.3M | New |
| GEV GE Vernova Inc. | 0.10% | 18,000 | $5.9M | New |
| CCI Crown Castle Inc. | 0.10% | 65,000 | $5.9M | Add +233.3% |
| MSFT Microsoft Corp. | 0.10% | 13,800 | $5.8M | No change |
| VRT Vertiv Holdings Co. Class A | 0.10% | 50,000 | $5.7M | Add +42.9% |
| CABO Cable One Inc. | 0.09% | 15,000 | $5.4M | Reduce -45.5% |
| NCL CORPORATION LTD (NCLH 1.125 02/15/27) | 0.09% | 5,000,000 | $5.2M | Reduce -50.0% |
| BNL Broadstone Net Lease Inc. | 0.09% | 325,000 | $5.2M | Add +550.0% |
Options reported separately and not counted above: AJG calls ($28.4M), CPAY calls ($8.5M).
Portfolio Sells Q3 2024 → Q4 2024
| PNW Pinnacle West Capital | Sold out | 0.00% | −4.81 |
| NI Nisource Inc. | Reduce -95.4% | 0.19% | −4.07 |
| LNG Cheniere Energy Inc. | Reduce -87.9% | 0.51% | −3.31 |
| AEE Ameren Corporation | Reduce -65.1% | 1.60% | −3.25 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −1.73 |
| DTE DTE Energy Company | Sold out | 0.00% | −1.31 |
| PACS Pacs Group Inc. | Reduce -16.4% | 0.44% | −1.30 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −1.08 |
| RYAN Ryan Specialty Holdings Inc. | Reduce -9.3% | 4.12% | −0.96 |
| EVRG Evergy Inc. | Reduce -10.9% | 3.96% | −0.88 |
| CNP Centerpoint Energy Inc. | Reduce -99.0% | 0.01% | −0.84 |
| CPK Chesapeake Utilities Corp. | Reduce -74.3% | 0.24% | −0.78 |
| IIPR Innovative Industrial Proper | Reduce -81.0% | 0.07% | −0.75 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.71 |
| VIK Viking Holdings Ltd. | Sold out | 0.00% | −0.69 |
| KNTK Kinetik Holdings Inc. | Sold out | 0.00% | −0.68 |
| CTRE Caretrust REIT Inc. | Reduce -15.3% | 1.37% | −0.62 |
| ULS Ul Solutions Inc. Class A | Reduce -76.8% | 0.14% | −0.51 |
| ES Eversource Energy | Reduce -70.1% | 0.16% | −0.51 |
| NHI Natl Health Investors Inc. | Sold out | 0.00% | −0.47 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.46 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -38.5% | 0.93% | −0.46 |
| CTRI Centuri Holdings Inc. | Sold out | 0.00% | −0.46 |
| AWK American Water Works Co. Inc. | Reduce -41.3% | 0.38% | −0.44 |
| LINE Lineage Inc. | Sold out | 0.00% | −0.44 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.44 |
| VST Vistra Corp. | Sold out | 0.00% | −0.37 |
| CSW CSW Industrials Inc. | Sold out | 0.00% | −0.35 |
| BKH Black Hills Corp. | Reduce -6.6% | 1.49% | −0.31 |
| FR First Industrial Realty TR | Reduce -85.0% | 0.04% | −0.31 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.30 |
| CHTR Charter Communications Inc. Class A | Reduce -63.4% | 0.17% | −0.30 |
| DLR Digital Realty Trust Inc. | Reduce -85.2% | 0.05% | −0.28 |
| RXO Rxo Inc. | Reduce -52.5% | 0.16% | −0.27 |
| LTM Latam Airlines Group SA-ADR | Sold out | 0.00% | −0.25 |
| WCC Wesco International Inc. | Sold out | 0.00% | −0.22 |
| LB Landbridge Co. LLC-A | Sold out | 0.00% | −0.22 |
| PLD Prologis Inc. | Reduce -33.3% | 0.23% | −0.21 |
| CPAY Corpay Inc. | Sold out | 0.00% | −0.21 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.20 |
| AZZ Azz Inc. | Sold out | 0.00% | −0.19 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −0.19 |
| WM Waste Management Inc. | Reduce -41.1% | 0.19% | −0.16 |
| O Realty Income Corp. | Sold out | 0.00% | −0.16 |
| EME Emcor Group Inc. | Sold out | 0.00% | −0.16 |
| BECN Beacon Roofing Supply Inc. | Reduce -67.9% | 0.08% | −0.15 |
| GPCR Structure Therapeutics Inc. | Reduce -73.0% | 0.03% | −0.15 |
| EXC Exelon Corp. | Reduce -36.1% | 0.16% | −0.13 |
| CEG Constellation Energy | Sold out | 0.00% | −0.13 |
| SPG Simon Property Group Inc. | Reduce -60.0% | 0.07% | −0.12 |
Portfolio Buys Q3 2024 → Q4 2024
| BA The Boeing Co. | New | 6.83% | +6.83 |
| XEL Xcel Energy Inc. | Add +1625.7% | 4.29% | +4.03 |
| AJG Arthur J Gallagher & Co. | New | 3.69% | +3.69 |
| PCG P G & E Corp. | Add +278.3% | 4.43% | +3.19 |
| CMS CMS Energy Corp. | New | 1.55% | +1.55 |
| KGS Kodiak Gas Services Inc. | Add +88.1% | 2.37% | +1.40 |
| DTM DT Midstream Inc. | New | 1.29% | +1.29 |
| TRGP Targa Resources Corp. | Add +19.1% | 5.14% | +1.27 |
| D Dominion Energy Inc. | New | 1.25% | +1.25 |
| VTR Ventas Inc. | New | 1.17% | +1.17 |
| KMI Kinder Morgan Inc. | New | 1.08% | +1.08 |
| SWX Southwest Gas Holdings Inc. | Add +884.5% | 1.12% | +0.99 |
| ADT Adt Inc. | New | 0.84% | +0.84 |
| NEE Nextera Energy Inc. | New | 0.77% | +0.77 |
| DUK Duke Energy Corp. | Add +40.6% | 3.79% | +0.67 |
| FCPT Four Corners Property Trust | New | 0.67% | +0.67 |
| AEP American Electric Power | Add +104.0% | 1.53% | +0.63 |
| PLGO Pelagos Insurance Capital LT | New | 0.55% | +0.55 |
| SR Spire Inc. | New | 0.52% | +0.52 |
| FLNC Fluence Energy Inc. | Add +757.7% | 0.59% | +0.48 |
| WMS Advanced Drainage Systems Inc. | New | 0.42% | +0.42 |
| FVR Frontview REIT Inc. | New | 0.41% | +0.41 |
| HESM Hess Midstream LP Class A | New | 0.41% | +0.41 |
| ED Consolidated Edison Inc. | New | 0.41% | +0.41 |
| TDG Transdigm Group Inc. | Add +221.3% | 0.64% | +0.39 |
| ETR Entergy Corp. | New | 0.39% | +0.39 |
| PFE Pfizer Inc. | New | 0.38% | +0.38 |
| AES AES Corp. | Add +8650.0% | 0.39% | +0.38 |
| BMY Bristol-Myers Squibb Co. | New | 0.37% | +0.37 |
| FE Firstenergy Corp. | Add +33.4% | 3.39% | +0.33 |
| APD Air Products & Chemicals Inc. | New | 0.25% | +0.25 |
| DAL Delta Air Lines Inc. | New | 0.22% | +0.22 |
| ONB Old National Bancorp | New | 0.21% | +0.21 |
| SLG SL Green Realty Corp. | New | 0.19% | +0.19 |
| WMB Williams Cos Inc. | New | 0.17% | +0.17 |
| PH Parker Hannifin Corp. | Add +61.0% | 0.47% | +0.16 |
| UAL United Airlines Holdings Inc. | New | 0.14% | +0.14 |
| GE General Electric | Add +85.4% | 0.35% | +0.12 |
| TOL Toll Brothers Inc. | Add +185.7% | 0.22% | +0.12 |
| ECHO Echostar Corp. Class A | New | 0.11% | +0.11 |
| T AT&T Inc. | New | 0.11% | +0.11 |
| SNCY Sun Country Airlines Holding | New | 0.11% | +0.11 |
| PSA Public Storage | New | 0.11% | +0.11 |
| GEV GE Vernova Inc. | New | 0.10% | +0.10 |
| POR Portland General Electric Co. | Add +25.2% | 1.74% | +0.09 |
| SWTX Springworks Therapeutics Inc. | New | 0.09% | +0.09 |
| BBIO Bridgebio Pharma Inc. | New | 0.09% | +0.09 |
| KLC Kindercare Learning Cos Inc. | New | 0.08% | +0.08 |
| BKV BKV Corporation | Add +1.4% | 0.43% | +0.08 |
| NWE Northwestern Energy Group Inc. | New | 0.08% | +0.08 |
Options Activity Q3 2024 → Q4 2024
| PCG P G & E Corp. | call | Sold out | 3,500,000 | $69.2Mbefore exit |
| LNG Cheniere Energy Inc. | call | Sold out | 250,000 | $45.0Mbefore exit |
| AJG Arthur J Gallagher & Co. | call | New | 100,000 | $28.4M |
| VST Vistra Corp. | call | Sold out | 100,000 | $11.9Mbefore exit |
| T AT&T Inc. | put | Sold out | 500,000 | $11.0Mbefore exit |
| EIX Edison International | put | Sold out | 100,000 | $8.7Mbefore exit |
| CPAY Corpay Inc. | call | New | 25,000 | $8.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 111 | $4.2B | WELL, NI, ES, KGS, XEL |
| Q1 2026 | 117 | $3.9B | ADC, NI, ES, WELL, XEL |
| Q4 2025 | 119 | $3.8B | ES, WELL, XEL, NI, KGS |
| Q3 2025 | 133 | $4.1B | ES, NI, TRGP, XEL, WELL |
| Q2 2025 | 145 | $4.4B | ES, AEP, XEL, TRGP, TXNM |
| Q1 2025 | 147 | $4.9B | AEP, XEL, WELL, PCG, TRGP |
| Q4 2024 | 145 | $5.8B | WELL, BA, TRGP, PCG, XEL |
| Q3 2024 | 143 | $5.3B | WELL, RYAN, AEE, EVRG, PNW |
| Q2 2024 | 149 | $5.2B | WELL, EVRG, ES, AEE, RYAN |
| Q1 2024 | 128 | $4.6B | WELL, AEE, RYAN, NI, PCG |