Q4 2025 · 13F-HR
Capital Innovations LLCholdings as filed
Filed 2026-02-10 · accession 0001596076-26-000001
$351.2M
Reported value
51
Positions
2025-12-31
Period end
The Brief · Capital Innovations LLC · Q4 2025
AI · grounded in 13F
Capital Innovations LLC established a new position in Constellation Energy CEG worth $22.6M. The fund also opened new stakes in SLB SLB for $20.4M and Vistra VST for $20.2M. Additionally, the fund increased its holding in NextEra Energy NEE by 1,546.5% and closed positions in Newmont CORP NEM and FREEPORT-MCMORAN INC FCX.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 21037T109 | CEG | Constellation Energy | $22.6M | 6.44% | 63,976 | Common | SOLE |
| 806857108 | SLB | SLB | $20.4M | 5.81% | 531,546 | Common | SOLE |
| 92840M102 | VST | Vistra | $20.2M | 5.74% | 124,901 | Common | SOLE |
| 65339F101 | NEE | NextEra Energy | $19.3M | 5.50% | 240,391 | Common | SOLE |
| 969457100 | WMB | Williams | $19.1M | 5.43% | 317,298 | Common | SOLE |
| 629377508 | NRG | NRG Energy | $14.5M | 4.11% | 90,744 | Common | SOLE |
| 26884L109 | EQT | EQT | $13.9M | 3.96% | 259,594 | Common | SOLE |
| 253868103 | DLR | Digital Realty Trust | $13.1M | 3.74% | 84,979 | Common | SOLE |
| 78410G104 | SBAC | SBA Communications Class A | $12.3M | 3.51% | 63,760 | Common | SOLE |
| 907818108 | UNP | Union Pacific | $10.9M | 3.11% | 47,283 | Common | SOLE |
| 16411R208 | LNG | Cheniere Energy | $10.8M | 3.07% | 55,533 | Common | SOLE |
| 13646K108 | CP | Canadian Pacific Kansas City | $10.5M | 2.98% | 142,128 | Common | SOLE |
| 03027X100 | AMT | American Tower | $10.3M | 2.95% | 58,925 | Common | SOLE |
| 816851109 | SRE | Sempra | $10.3M | 2.93% | 116,533 | Common | SOLE |
| 842587107 | SO | Southern | $10.1M | 2.88% | 115,871 | Common | SOLE |
| 87807B107 | TRP | TC Energy | $9.8M | 2.78% | 177,391 | Common | SOLE |
| 406216101 | HAL | Halliburton | $9.0M | 2.56% | 318,002 | Common | SOLE |
| 29250N105 | ENB | Enbridge | $8.8M | 2.52% | 184,766 | Common | SOLE |
| 94106L109 | WM | Waste Management | $6.9M | 1.96% | 31,389 | Common | SOLE |
| 056525108 | BMI | Badger Meter | $6.9M | 1.96% | 39,375 | Common | SOLE |
| 636274409 | NGG | National Grid | $6.5M | 1.86% | 84,370 | Common | SOLE |
| 23345M107 | DTM | DT Midstream | $6.5M | 1.85% | 54,239 | Common | SOLE |
| 41068X100 | HASI | HA Sustainable Infrastructure Capital | $5.9M | 1.68% | 187,959 | Common | SOLE |
| 74975E303 | RWEOY | RWE | $5.2M | 1.48% | 97,719 | Common | SOLE |
| 29364G103 | ETR | Entergy | $5.2M | 1.48% | 56,073 | Common | SOLE |
| 281020107 | EIX | Edison International | $5.1M | 1.46% | 85,471 | Common | SOLE |
| 98419M100 | XYL | Xylem | $4.7M | 1.34% | 34,513 | Common | SOLE |
| 030420103 | AWK | American Water Works | $4.7M | 1.34% | 36,013 | Common | SOLE |
| 36168Q104 | GFL | GFL Environmental | $4.6M | 1.31% | 106,981 | Common | SOLE |
| 94106B101 | WCN | Waste Connections | $4.2M | 1.19% | 23,801 | Common | SOLE |
| 98389B100 | XEL | Xcel Energy | $3.7M | 1.05% | 49,822 | Common | SOLE |
| 25746U109 | D | Dominion Energy | $3.6M | 1.03% | 61,605 | Common | SOLE |
| 30161N101 | EXC | Exelon | $3.4M | 0.96% | 77,480 | Common | SOLE |
| 40051E202 | ASR | Grupo Aeroportuario | $3.1M | 0.89% | 9,701 | Common | SOLE |
| 025537101 | AEP | American Electric Power | $3.1M | 0.87% | 26,592 | Common | SOLE |
| 26441C204 | DUK | Duke Energy | $2.7M | 0.77% | 22,975 | Common | SOLE |
| 450737101 | IBDRY | Iberdrola | $2.6M | 0.74% | 29,888 | Common | SOLE |
| 744573106 | PEG | Public Service Enterprise Group | $2.2M | 0.63% | 27,549 | Common | SOLE |
| 682680103 | OKE | Oneok | $2.1M | 0.60% | 28,513 | Common | SOLE |
| 337932107 | FE | FirstEnergy | $1.9M | 0.53% | 41,927 | Common | SOLE |
| 125896100 | CMS | CMS Energy | $1.7M | 0.47% | 23,622 | Common | SOLE |
| 90400P101 | UGP | Ultrapar Participacoes | $1.5M | 0.44% | 405,382 | Common | SOLE |
| 29670G102 | WTRG | Essential Utilities | $1.4M | 0.40% | 36,596 | Common | SOLE |
| 89346D107 | TAC | TransAlta | $1.3M | 0.36% | 99,595 | Common | SOLE |
| 400501102 | OMAB | Grupo Aeroportuario del Centro Norte | $1.0M | 0.29% | 9,365 | Common | SOLE |
| 233331107 | DTE | DTE Energy | $1.0M | 0.29% | 7,858 | Common | SOLE |
| 83417M104 | SEDG | Solaredge Technologies | $689,025 | 0.20% | 23,883 | Common | SOLE |
| 049560105 | ATO | Atmos Energy | $666,329 | 0.19% | 3,975 | Common | SOLE |
| 29265W207 | ENLAY | Enel Societa Per Azioni | $516,706 | 0.15% | 49,779 | Common | SOLE |
| 65473P105 | NI | NiSource | $493,812 | 0.14% | 11,825 | Common | SOLE |
| 29355A107 | ENPH | Enphase Energy | $356,076 | 0.10% | 11,110 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.