HITE Hedge Asset Management LLC Quarterly 13F Holdings Update

Diversified strategySector-focusedMomentum follower

Total reported value

$1.8B

Reporting period: 2026-03-31 · Number of holdings: 126

HITE Hedge Asset Management LLC disclosed 126 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.8B and a quarterly turnover rate of 70.9%.

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Personality snowflake

Concentration: 10.84
Portfolio Stability: 70.94
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 84.4

Recent moves

Trim EQT
-98.9%　-$43.7M
Trim XEL
-30.5%　-$31.1M
Add TBN
+1.9%　$48.3M
Add EXE
+963.0%　$34.9M
Trim OVV
-91.6%　-$27.2M
Add CTRA
+55.2%　$33.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	POR	Portland General Electric Co	Stock-Utilities	8.01%	-0.12%	+1.36%
2	TBN	Tamboran Resources CORP	Stock-Other	5.86%	+2.32%	+1.95%
3	XEL	Xcel Energy INC	Stock-Utilities	5.20%	-2.66%	-30.48%
4	ETR	Entergy CORP	Stock-Utilities	4.84%	-1.43%	-28.21%
5	DTE	Dte Energy Company	Stock-Utilities	4.22%	+0.34%	+8.49%
6	CTRA	Coterra Energy INC	Stock-Energy	3.70%	+1.68%	+55.15%
7	AEE	Ameren Corporation	Stock-Utilities	2.62%	-0.93%	-24.28%
8	FANG	Diamondback Energy INC	Stock-Energy	2.45%	+2.45%	NEW
9	AEP	American Electric Power	Stock-Utilities	2.41%	+0.37%	+17.51%
10	NI	Nisource INC	Stock-Utilities	2.31%	-1.47%	-38.24%
11	EVRG	Evergy INC	Stock-Utilities	2.22%	—	-17.96%
12	EXE	Expand Energy CORP	Stock-Energy	2.18%	+1.95%	+963.03%
13	CHRD	Chord Energy CORP	Stock-Energy	2.09%	+0.63%	+5.30%
14	ADNT	Adient plc	Stock-Other	2.05%	—	-6.62%
15	LNT	Alliant Energy CORP	Stock-Utilities	1.82%	—	-10.19%
16	MDU	Mdu Resources Group INC	Stock-Utilities	1.81%	+0.95%	+124.64%
17	GPOR	Gulfport Energy CORP	Stock-Other	1.77%	+1.39%	+411.45%
18	VNOMUSD	Viper Energy Inc-cl A	Stock-Other	1.67%	—	-13.52%
19	FPS	Forgent Power Solutions INC	Stock-Other	1.61%	+1.61%	NEW
20	ED	Consolidated Edison INC	Stock-Utilities	1.60%	+1.60%	NEW
21	WMB	Williams Cos INC	Stock-Energy	1.58%	+1.58%	NEW
22	BETA	Beta Technologies INC -cl A	Stock-Other	1.58%	+0.48%	+209.78%
23	F	Ford Motor Co	Stock-Consumer Disc	1.55%	—	+64.05%
24	BKV	Bkv Corporation	Stock-Other	1.38%	—	-14.52%
25	✓	Rice Acquisition CORP 3	Stock-Other	1.34%	—	—
26	KNTK	Kinetik Holdings INC	Stock-Other	1.26%	+1.26%	NEW
27	FE	Firstenergy CORP	Stock-Utilities	1.10%	—	+14.95%
28	APH	Amphenol Corp-cl A	Stock-Tech	1.05%	+0.95%	+1145.65%
29	SU	Suncor Energy INC	Stock-Energy	1.01%	-0.97%	-61.26%
30	EE	Excelerate Energy Inc-a	Stock-Other	1.00%	+0.66%	+175.11%
31	AM	Antero Midstream CORP	Stock-Energy	0.98%	+0.98%	NEW
32	IFF	Intl Flavors & Fragrances	Stock-Materials	0.94%	—	+50.38%
33	PPL	Ppl CORP	Stock-Utilities	0.85%	—	—
34	CNM	Core & Main Inc-class A	Stock-Industrials	0.85%	+0.85%	NEW
35	ADP	Automatic Data Processing	Stock-Tech	0.81%	+0.81%	NEW
36	ABG	Asbury Automotive Group	Stock-Consumer Disc	0.74%	—	+95.90%
37	YPF	Ypf S.a.-sponsored Adr	Stock-Other	0.72%	+0.72%	NEW
38	MUR	Murphy Oil CORP	Stock-Energy	0.70%	+0.70%	NEW
39	CRGY	Crescent Energy Inc-a	Stock-Energy	0.67%	-0.76%	-67.32%
40	SOC	Sable Offshore CORP	Stock-Other	0.67%	+0.67%	NEW
41	RAL	Ralliant CORP	Stock-Tech	0.64%	—	+94.01%
42	GPI	Group 1 Automotive INC	Stock-Consumer Disc	0.63%	—	-4.30%
43	GM	General Motors Co	Stock-Consumer Disc	0.62%	—	-19.69%
44	BTE	Baytex Energy CORP	Stock-Other	0.59%	—	-29.71%
45	PR	Permian Resources Corp-cl A	Stock-Energy	0.58%	+0.58%	NEW
46	MCHI	Ishares Msci China ETF	ETF-Emerging Markets	0.58%	+0.58%	NEW
47	VST	Vistra CORP	Stock-Utilities	0.58%	+0.58%	NEW
48	TRGP	Targa Resources CORP	Stock-Energy	0.57%	+0.57%	NEW
49	CVE	Cenovus Energy INC	Stock-Energy	0.57%	+0.57%	NEW
50	VLO	Valero Energy CORP	Stock-Energy	0.55%	+0.55%	NEW

1–50 of 126

Portfolio Performance

Performance for Q3 2026

-2%

Performance Last 4 Quarters

+20.8%

Based on 61% of reported portfolio value with available pricing

Stdev: +12.3%
Beta: +0.35
Alpha: +3.1%
Max Drawdown: -9.1%
Annualized Perf: +9.2%
Batting Avg vs S&P: +47.2%
Sortino: +1.4
Stutzer: +0.23
Treynor: +0.27
Sterling: +0.62
Calmar: +1.01
Information Ratio: -0.62
Tracking Error: +14.2%
Stdev Down: +6.8%
Winning Months %: +55.6%
Losing Months %: +44.4%
Best 12 Months: +36.3%
Worst 12 Months: -5.5%
Efficiency Ratio: +0.27
Sharpe: +0.78
Stdev Sectors: +19.4%
Skewness: +0.1
Kurtosis: -0.74
Upside Potential: +3.4

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	126	$1.8B	71	1POR 2TBN 3XEL Top holdings2026-03-31 1.POR 2.TBN 3.XEL 4.ETR 5.DTE 6.CTRA 7.AEE 8.FANG 9.AEP 10.NI
2025-12-31	121	$1.6B	77	1POR 2XEL 3ETR Top holdings2025-12-31 1.POR 2.XEL 3.ETR 4.DTE 5.NI 6.AEE 7.TBN 8.EQT 9.EVRG 10.ADNT
2025-09-30	115	$1.8B	82	1DTE 2ETR 3XEL Top holdings2025-09-30 1.DTE 2.ETR 3.XEL 4.POR 5.AEE 6.NI 7.CNP 8.VNOMUSD 9.EVRG 10.CHRD
2025-06-30	111	$1.7B	0	1DTE 2POR 3COP Top holdings2025-06-30 1.DTE 2.POR 3.COP 4.EVRG 5.AEE 6.LAD 7.XEL 8.CHRD 9.CNP 10.ETR
2025-03-31	107	$1.6B	100	1DTE 2AEE 3CNP Top holdings2025-03-31 1.DTE 2.AEE 3.CNP 4.XEL 5.EXE 6.AR 7.CHRD 8.COP 9.LAD 10.SM
2024-12-31	98	$1.4B	0	1DTE 2AEE 3CNP Top holdings2024-12-31 1.DTE 2.AEE 3.CNP 4.EQT 5.016 6.DVN 7.XEL 8.POR 9.FANG 10.CHRD
2024-09-30	85	$870.2M	0	1016 2DTE 3POR Top holdings2024-09-30 1.016 2.DTE 3.POR 4.LAD 5.ETR 6.CHRD 7.COP 8.AR 9.GPOR 10.NI
2024-06-30	98	$1.0B	0	1NFE 2POR 3GPOR Top holdings2024-06-30 1.NFE 2.POR 3.GPOR 4.CMS 5.NI 6.ETR 7.COP 8.DTE 9.CHRD 10.OKLO
2024-03-31	86	$998.1M	0	1NFE 2CMS 3GPOR Top holdings2024-03-31 1.NFE 2.CMS 3.GPOR 4.POR 5.ETR 6.NI 7.DTE 8.ERFGBP 9.BP 10.TRGP
2023-12-31	86	$951.3M	0	1NI 2ETR 3NFE Top holdings2023-12-31 1.NI 2.ETR 3.NFE 4.DTM 5.TRGP 6.CMS 7.POR 8.PBA 9.APTV 10.LNT
2023-09-30	107	$931.1M	0	1NFE 2NI 3POR Top holdings2023-09-30 1.NFE 2.NI 3.POR 4.EQT 5.XEL 6.PBA 7.OVV 8.TRGP 9.ETR 10.SO
2023-06-30	89	$865.6M	0	1NFE 2NI 3ETR Top holdings2023-06-30 1.NFE 2.NI 3.ETR 4.POR 5.EXC 6.TRGP 7.FANG 8.PR 9.EQT 10.PBA
2023-03-31	95	$1.3B	0	1NI 2ETR 3DTE Top holdings2023-03-31 1.NI 2.ETR 3.DTE 4.TRGP 5.NFE 6.COP 7.PBA 8.MUR 9.POR 10.CWEN
2022-12-31	81	$1.2B	0	1ETR 2NI 3DTE Top holdings2022-12-31 1.ETR 2.NI 3.DTE 4.OVV 5.TRGP 6.FANG 7.POR 8.EXC 9.CWEN 10.EVRG
2022-09-30	88	$1.2B	0	1ETR 2NI 3TRGP Top holdings2022-09-30 1.ETR 2.NI 3.TRGP 4.OVV 5.EXC 6.FANG 7.PDCEUSD 8.POR 9.DTE 10.SM
2022-06-30	89	$1.1B	0	1NI 2ETR 3TRGP Top holdings2022-06-30 1.NI 2.ETR 3.TRGP 4.OVV 5.COP 6.POR 7.FANG 8.SM 9.CNP 10.LFG1USD
2022-03-31	142	$1.0B	0	1NI 2TRGP 3ETR Top holdings2022-03-31 1.NI 2.TRGP 3.ETR 4.FANG 5.OVV 6.COP 7.LFG1USD 8.XEL 9.POR 10.EVRG
2021-12-31	153	$869.2M	0	1TRGP 2NI 3ETR Top holdings2021-12-31 1.TRGP 2.NI 3.ETR 4.LFG1USD 5.OVV 6.POR 7.XEL 8.EVRG 9.WMB 10.OXY
2021-09-30	148	$794.8M	0	1TRGP 2NI 3ETR Top holdings2021-09-30 1.TRGP 2.NI 3.ETR 4.LFG1USD 5.POR 6.CNP 7.XEL 8.MRO* 9.OVV 10.PXDEUR
2021-06-30	144	$711.1M	97	1ETR 2TRGP 3RICEEUR Top holdings2021-06-30 1.ETR 2.TRGP 3.RICEEUR 4.POR 5.OVV 6.EVRG 7.STEM 8.OXY 9.NI 10.LQD
2021-03-31	161	$665.8M	97	1TRGP 2ETR 3DVN Top holdings2021-03-31 1.TRGP 2.ETR 3.DVN 4.POR 5.NEE 6.LQD 7.VCIT 8.LNT 9.VNOM 10.R6C2
2020-12-31	121	$429.8M	100	1LQD 2STPK-U3762594 Top holdings2020-12-31 1.LQD 2.STPK-U 3.762594 4.VCLT 5.VNOM 6.R6C2 7.VCIT 8.LNG 9.TRGP 10.SBE-U
2020-09-30	101	$320.5M	77	1SBE-U 2VNOM 3STPK-U Top holdings2020-09-30 1.SBE-U 2.VNOM 3.STPK-U 4.LQD 5.TRGP 6.VCLT 7.PE1EUR 8.EVAUSD 9.LNG 10.R6C2
2020-06-30	92	$272.2M	100	1PE1EUR 2SBE-U 3VNOM Top holdings2020-06-30 1.PE1EUR 2.SBE-U 3.VNOM 4.EVAUSD 5.NBL2EUR 6.PAGP 7.R6C2 8.WEP 9.ARCH1EUR 10.ETRNUSD
2020-03-31	68	$312.3M	100	1WMB 2VNOM 3MPLX Top holdings2020-03-31 1.WMB 2.VNOM 3.MPLX 4.NBL2EUR 5.SBE-U 6.COP 7.RTLRUSD 8.NRG 9.WEP 10.EVAUSD
2019-12-31	93	$498.8M	71	1VNOM 2RTLRUSD 3NBLXUSD Top holdings2019-12-31 1.VNOM 2.RTLRUSD 3.NBLXUSD 4.30607B 5.TRGP 6.SBE-U 7.EVAUSD 8.ET 9.02215L 10.AM
2019-09-30	70	$488.0M	71	1RTLRUSD 2ET 3TRGP Top holdings2019-09-30 1.RTLRUSD 2.ET 3.TRGP 4.30607B 5.EPD 6.VNOM 7.GLNG 8.SBE-U 9.NGL 10.WES
2019-06-30	71	$632.7M	64	1VNOM230607B3ET Top holdings2019-06-30 1.VNOM 2.30607B 3.ET 4.RTLRUSD 5.PSXPUSD 6.GLNG 7.PAGP 8.NGL 9.WES 10.EVAUSD
2019-03-31	69	$631.4M	70	1VNOM230607B3EQMUSD Top holdings2019-03-31 1.VNOM 2.30607B 3.EQMUSD 4.ET 5.WES 6.02215L 7.EVAUSD 8.12654A 9.NGL 10.LNG
2018-12-31	63	$571.5M	100	130607B2EQMUSD 3VNOM Top holdings2018-12-31 1.30607B 2.EQMUSD 3.VNOM 4.ENB 5.02215L 6.12654A 7.NGL 8.ET 9.LNG 10.12663P
2018-09-30	60	$639.7M	91	1ET230607B3TRGP Top holdings2018-09-30 1.ET 2.30607B 3.TRGP 4.12654A 5.NGL 6.KYN 7.ENB 8.VNOM 9.CEQPUSD 10.EPD
2018-06-30	55	$637.4M	85	1VNOM 2NBLXUSD 3NGL Top holdings2018-06-30 1.VNOM 2.NBLXUSD 3.NGL 4.TRGP 5.ET 6.84756N 7.CVI 8.NBL2EUR 9.ANDX 10.KRSP
2018-03-31	55	$458.9M	58	1VNOM 2NBLXUSD 3NGL Top holdings2018-03-31 1.VNOM 2.NBLXUSD 3.NGL 4.AROC 5.EQT 6.GLNG 7.CVI 8.NBL2EUR 9.CEQPUSD 10.SPH
2017-12-31	63	$566.3M	70	1NBLXUSD 2VNOM 3NGL Top holdings2017-12-31 1.NBLXUSD 2.VNOM 3.NGL 4.GLNG 5.AROC 6.CVI 7.PAA 8.AM 9.CEQPUSD 10.SPH
2017-09-30	57	$387.0M	85	1NBLXUSD 2GLNG 3VNOM Top holdings2017-09-30 1.NBLXUSD 2.GLNG 3.VNOM 4.NGL 5.AROC 6.RICEEUR 7.ENB 8.CVI 9.GLP 10.ARLP
2017-06-30	50	$298.7M	100	1GLNG 2NBLXUSD 3RICEEUR Top holdings2017-06-30 1.GLNG 2.NBLXUSD 3.RICEEUR 4.AROC 5.ENB 6.96949L 7.EQT 8.GLP 9.AROC 10.DKL
2017-03-31	52	$407.6M	90	1PAGP 2CQP 3NGL Top holdings2017-03-31 1.PAGP 2.CQP 3.NGL 4.NBLXUSD 5.KRSP 6.GLNG 7.AROC 8.WMB 9.DCPUSD 10.GLNG
2016-12-31	54	$385.8M	84	1KRSP 2NGL 3PAA Top holdings2016-12-31 1.KRSP 2.NGL 3.PAA 4.EPD 5.GLNG 6.NBLXUSD 7.88160T 8.AROC 9.709311 10.CQP
2016-09-30	53	$315.2M	69	1NGL 20E413709311 Top holdings2016-09-30 1.NGL 2.0E41 3.709311 4.SPH 5.AROC 6.Y9384M 7.NBLXUSD 8.AROC 9.TNK 10.WDC
2016-06-30	47	$245.8M	100	1TRGP 2NGL3709311 Top holdings2016-06-30 1.TRGP 2.NGL 3.709311 4.SPH 5.AROC 6.AROC 7.G0751N 8.CQP 9.EVAUSD 10.KRSP
2016-03-31	57	$230.2M	81	1GLNG 2SPH3Y9384M Top holdings2016-03-31 1.GLNG 2.SPH 3.Y9384M 4.D 5.MPLX 6.SHLXUSD 7.EVAUSD 8.709311 9.760113 10.KRSP
2015-12-31	58	$234.1M	100	1EPD 2VLO3Y9384M Top holdings2015-12-31 1.EPD 2.VLO 3.Y9384M 4.D 5.SPH 6.ET 7.PEGIEUR 8.NGL 9.EVAUSD 10.709311
2015-09-30	57	$242.8M	85	1G003492GLNG 3ET Top holdings2015-09-30 1.G00349 2.GLNG 3.ET 4.PEGIEUR 5.CQP 6.D 7.Y9384M 8.TNK 9.709311 10.VLO
2015-06-30	68	$364.7M	84	1GLNG 2ET 3PEGIEUR Top holdings2015-06-30 1.GLNG 2.ET 3.PEGIEUR 4.G00349 5.D 6.552715 7.30225X 8.874697 9.TNK 10.67059L
2015-03-31	63	$308.6M	79	1TNK 2ET 3SEMGUSD Top holdings2015-03-31 1.TNK 2.ET 3.SEMGUSD 4.G00349 5.NI 6.D 7.EQMUSD 8.GLNG 9.760112 10.VLO
2014-12-31	70	$262.4M	98	1ET 2EQMUSD 3D Top holdings2014-12-31 1.ET 2.EQMUSD 3.D 4.SEMGUSD 5.760112 6.88104R 7.CAPL 8.AM 9.WDC 10.WMB
2014-09-30	84	$367.9M	53	1GLOP-PC 2ET 3WMB Top holdings2014-09-30 1.GLOP-PC 2.ET 3.WMB 4.760112 5.SEMGUSD 6.WDC 7.GLNG 8.EQMUSD 9.00434L 10.TNK
2014-06-30	66	$314.2M	59	1ET 2WMB300434L Top holdings2014-06-30 1.ET 2.WMB 3.00434L 4.SEMGUSD 5.EQMUSD 6.760112 7.TNK 8.NGL 9.GLOP-PC 10.84130C
2014-03-31	66	$315.1M	69	1ET 2SEMGUSD 3SDRL Top holdings2014-03-31 1.ET 2.SEMGUSD 3.SDRL 4.00434L 5.TNK 6.226344 7.NGL 8.84130C 9.EQMUSD 10.760112
2013-12-31	61	$279.4M	87	1ET 2SDRL300434L Top holdings2013-12-31 1.ET 2.SDRL 3.00434L 4.570759 5.88160T 6.NGL 7.226344 8.DCPUSD 9.WDC 10.KMI
2013-09-30	60	$240.5M	66	1ET200434L3ING Top holdings2013-09-30 1.ET 2.00434L 3.ING 4.456615 5.NGL 6.45671U 7.570759 8.EQMUSD 9.SDRL 10.OKE
2013-06-30	54	$214.0M	0	1ET 2ING300434L Top holdings2013-06-30 1.ET 2.ING 3.00434L 4.TRGP 5.NGL 6.WES 7.SDRL 8.874697 9.USAC 10.570759

Holding changes this quarter

HITE Hedge Asset Management LLC's most significant position changes for 2026-03-31: New buy: Diamondback Energy INC (FANG); Sold out: Magnolia Oil & Gas CORP - A (MGY); New buy: Forgent Power Solutions INC (FPS); New buy: Consolidated Edison INC (ED); New buy: Williams Cos INC (WMB).

Position changes disclosed by HITE Hedge Asset Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TBN	Tamboran Resources CORP	+2.3%	+1.95%	Add
2	EXE	Expand Energy CORP	+2%	+963.03%	Add
3	CTRA	Coterra Energy INC	+1.7%	+55.15%	Add
4	GPOR	Gulfport Energy CORP	+1.4%	+411.45%	Add
5	MDU	Mdu Resources Group INC	+1%	+124.64%	Add
6	APH	Amphenol Corp-cl A	+1%	+1145.65%	Add
7	EE	Excelerate Energy Inc-a	+0.7%	+175.11%	Add
8	CHRD	Chord Energy CORP	+0.6%	+5.30%	Add
9	BETA	Beta Technologies INC -cl A	+0.5%	+209.78%	Add
10	AEP	American Electric Power	+0.4%	+17.51%	Add
11	DTE	Dte Energy Company	+0.3%	+8.49%	Add
12	POR	Portland General Electric Co	-0.1%	+1.36%	Add
13	CRGY	Crescent Energy Inc-a	-0.8%	-67.32%	Trim
14	MP	Mp Materials CORP	-0.8%	-88.20%	Trim
15	PHIN	Phinia INC	-0.9%	-90.59%	Trim
16	AEE	Ameren Corporation	-0.9%	-24.28%	Trim
17	SU	Suncor Energy INC	-1%	-61.26%	Trim
18	ETR	Entergy CORP	-1.4%	-28.21%	Trim
19	NI	Nisource INC	-1.5%	-38.24%	Trim
20	OVV	Ovintiv INC	-1.8%	-91.58%	Trim
21	XEL	Xcel Energy INC	-2.7%	-30.48%	Trim
22	EQT	Eqt CORP	-2.8%	-98.89%	Trim
23	FANG	Diamondback Energy INC	—	NEW	New buy
24	MGY	Magnolia Oil & Gas CORP - A	—	EXIT	Sold out
25	FPS	Forgent Power Solutions INC	—	NEW	New buy
26	ED	Consolidated Edison INC	—	NEW	New buy
27	WMB	Williams Cos INC	—	NEW	New buy
28	KNTK	Kinetik Holdings INC	—	NEW	New buy
29	ES	Eversource Energy	—	EXIT	Sold out
30	Q	Qnity Electronics INC	—	EXIT	Sold out
31	AM	Antero Midstream CORP	—	NEW	New buy
32	CNM	Core & Main Inc-class A	—	NEW	New buy
33	ADP	Automatic Data Processing	—	NEW	New buy
34	YPF	Ypf S.a.-sponsored Adr	—	NEW	New buy
35	MUR	Murphy Oil CORP	—	NEW	New buy
36	SOC	Sable Offshore CORP	—	NEW	New buy
37	OKE	Oneok INC	—	EXIT	Sold out
38	PR	Permian Resources Corp-cl A	—	NEW	New buy
39	MCHI	Ishares Msci China ETF	—	NEW	New buy
40	VST	Vistra CORP	—	NEW	New buy
41	TRGP	Targa Resources CORP	—	NEW	New buy
42	CVE	Cenovus Energy INC	—	NEW	New buy
43	FDX	Fedex CORP	—	EXIT	Sold out
44	VLO	Valero Energy CORP	—	NEW	New buy
45	NRG	Nrg Energy INC	—	NEW	New buy
46	CVX	Chevron CORP	—	EXIT	Sold out
47	UTL	Unitil CORP	—	EXIT	Sold out
48	KGS	Kodiak Gas Services INC	—	EXIT	Sold out
49	LBRT	Liberty Energy INC	—	NEW	New buy
50	ITRI	Itron INC	—	EXIT	Sold out

FAQ

What is HITE Hedge Asset Management LLC and what type of investor is it?

HITE Hedge Asset Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $1.8B, spread across 126 disclosed positions.

What are HITE Hedge Asset Management LLC's largest equity positions?

Based on the latest 13F filing, HITE Hedge Asset Management LLC's top holdings by market value are: 1. Portland General Electric Co (POR) — $142.0M (8.0%) 2. Tamboran Resources CORP (TBN) — $103.8M (5.9%) 3. Xcel Energy INC (XEL) — $92.2M (5.2%) 4. Entergy CORP (ETR) — $85.7M (4.8%) 5. Dte Energy Company (DTE) — $74.8M (4.2%)

What changes did HITE Hedge Asset Management LLC make in its most recent portfolio filing?

In the latest reported quarter, HITE Hedge Asset Management LLC made 50 notable position adjustments: 19 new positions were initiated, 12 existing holdings were added to, 10 positions were partially reduced, and 9 were completely exited. The largest of these moves: New buy: Diamondback Energy INC (FANG); Sold out: Magnolia Oil & Gas CORP - A (MGY); New buy: Forgent Power Solutions INC (FPS); New buy: Consolidated Edison INC (ED); New buy: Williams Cos INC (WMB)

What sectors does HITE Hedge Asset Management LLC focus on?

HITE Hedge Asset Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Utilities: 56.9% • Energy: 26.8% • Consumer Discretionary: 8.0% • Information Technology: 4.4% • Industrials: 2.2% • Materials: 1.6%

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Grandfield & Dodd, LLC

CIK 0001308016

Total reported value

$1.8B

209 stks

2026-03-31

Concentration8.7

Portfolio Stability14.2

Sector conviction50.9

AUM within 0.0% of this institution

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Coann Capital LLC

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Total reported value

$210.0M

19 stks

2022-12-31

Stale — no recent filing

Concentration27.6

Portfolio Stability0.0

Sector conviction100.0

2 of the top 5 holdings overlap, including Dte Energy Company

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Barrow Hanley Mewhinney & Strauss LLC

CIK 0000313028

Total reported value

$30.5B

503 stks

2026-03-31

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Portfolio Stability34.1

Sector conviction33.7

1 of the top 5 holdings overlap, including Entergy CORP

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Reaves W H & Co INC

CIK 0000740913

Total reported value

$6.0B

109 stks

2026-03-31

Concentration13.1

Portfolio Stability28.3

Sector conviction100.0

1 of the top 5 holdings overlap, including Xcel Energy INC

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HITE Hedge Asset Management LLC Quarterly 13F Holdings Update

Diversified strategySector-focusedMomentum follower

Total reported value

$1.8B

Reporting period: 2026-03-31 · Number of holdings: 126

HITE Hedge Asset Management LLC disclosed 126 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.8B and a quarterly turnover rate of 70.9%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "H"

Personality snowflake

Concentration: 10.84
Portfolio Stability: 70.94
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 100
Sizing Uniformity: 84.4

Recent moves

Trim EQT
-98.9%　-$43.7M
Trim XEL
-30.5%　-$31.1M
Add TBN
+1.9%　$48.3M
Add EXE
+963.0%　$34.9M
Trim OVV
-91.6%　-$27.2M
Add CTRA
+55.2%　$33.9M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	POR	Portland General Electric Co	Stock-Utilities	8.01%	-0.12%	+1.36%
2	TBN	Tamboran Resources CORP	Stock-Other	5.86%	+2.32%	+1.95%
3	XEL	Xcel Energy INC	Stock-Utilities	5.20%	-2.66%	-30.48%
4	ETR	Entergy CORP	Stock-Utilities	4.84%	-1.43%	-28.21%
5	DTE	Dte Energy Company	Stock-Utilities	4.22%	+0.34%	+8.49%
6	CTRA	Coterra Energy INC	Stock-Energy	3.70%	+1.68%	+55.15%
7	AEE	Ameren Corporation	Stock-Utilities	2.62%	-0.93%	-24.28%
8	FANG	Diamondback Energy INC	Stock-Energy	2.45%	+2.45%	NEW
9	AEP	American Electric Power	Stock-Utilities	2.41%	+0.37%	+17.51%
10	NI	Nisource INC	Stock-Utilities	2.31%	-1.47%	-38.24%
11	EVRG	Evergy INC	Stock-Utilities	2.22%	—	-17.96%
12	EXE	Expand Energy CORP	Stock-Energy	2.18%	+1.95%	+963.03%
13	CHRD	Chord Energy CORP	Stock-Energy	2.09%	+0.63%	+5.30%
14	ADNT	Adient plc	Stock-Other	2.05%	—	-6.62%
15	LNT	Alliant Energy CORP	Stock-Utilities	1.82%	—	-10.19%
16	MDU	Mdu Resources Group INC	Stock-Utilities	1.81%	+0.95%	+124.64%
17	GPOR	Gulfport Energy CORP	Stock-Other	1.77%	+1.39%	+411.45%
18	VNOMUSD	Viper Energy Inc-cl A	Stock-Other	1.67%	—	-13.52%
19	FPS	Forgent Power Solutions INC	Stock-Other	1.61%	+1.61%	NEW
20	ED	Consolidated Edison INC	Stock-Utilities	1.60%	+1.60%	NEW
21	WMB	Williams Cos INC	Stock-Energy	1.58%	+1.58%	NEW
22	BETA	Beta Technologies INC -cl A	Stock-Other	1.58%	+0.48%	+209.78%
23	F	Ford Motor Co	Stock-Consumer Disc	1.55%	—	+64.05%
24	BKV	Bkv Corporation	Stock-Other	1.38%	—	-14.52%
25	✓	Rice Acquisition CORP 3	Stock-Other	1.34%	—	—
26	KNTK	Kinetik Holdings INC	Stock-Other	1.26%	+1.26%	NEW
27	FE	Firstenergy CORP	Stock-Utilities	1.10%	—	+14.95%
28	APH	Amphenol Corp-cl A	Stock-Tech	1.05%	+0.95%	+1145.65%
29	SU	Suncor Energy INC	Stock-Energy	1.01%	-0.97%	-61.26%
30	EE	Excelerate Energy Inc-a	Stock-Other	1.00%	+0.66%	+175.11%
31	AM	Antero Midstream CORP	Stock-Energy	0.98%	+0.98%	NEW
32	IFF	Intl Flavors & Fragrances	Stock-Materials	0.94%	—	+50.38%
33	PPL	Ppl CORP	Stock-Utilities	0.85%	—	—
34	CNM	Core & Main Inc-class A	Stock-Industrials	0.85%	+0.85%	NEW
35	ADP	Automatic Data Processing	Stock-Tech	0.81%	+0.81%	NEW
36	ABG	Asbury Automotive Group	Stock-Consumer Disc	0.74%	—	+95.90%
37	YPF	Ypf S.a.-sponsored Adr	Stock-Other	0.72%	+0.72%	NEW
38	MUR	Murphy Oil CORP	Stock-Energy	0.70%	+0.70%	NEW
39	CRGY	Crescent Energy Inc-a	Stock-Energy	0.67%	-0.76%	-67.32%
40	SOC	Sable Offshore CORP	Stock-Other	0.67%	+0.67%	NEW
41	RAL	Ralliant CORP	Stock-Tech	0.64%	—	+94.01%
42	GPI	Group 1 Automotive INC	Stock-Consumer Disc	0.63%	—	-4.30%
43	GM	General Motors Co	Stock-Consumer Disc	0.62%	—	-19.69%
44	BTE	Baytex Energy CORP	Stock-Other	0.59%	—	-29.71%
45	PR	Permian Resources Corp-cl A	Stock-Energy	0.58%	+0.58%	NEW
46	MCHI	Ishares Msci China ETF	ETF-Emerging Markets	0.58%	+0.58%	NEW
47	VST	Vistra CORP	Stock-Utilities	0.58%	+0.58%	NEW
48	TRGP	Targa Resources CORP	Stock-Energy	0.57%	+0.57%	NEW
49	CVE	Cenovus Energy INC	Stock-Energy	0.57%	+0.57%	NEW
50	VLO	Valero Energy CORP	Stock-Energy	0.55%	+0.55%	NEW

1–50 of 126

Portfolio Performance

Performance for Q3 2026

-2%

Performance Last 4 Quarters

+20.8%

Based on 61% of reported portfolio value with available pricing

Stdev: +12.3%
Beta: +0.35
Alpha: +3.1%
Max Drawdown: -9.1%
Annualized Perf: +9.2%
Batting Avg vs S&P: +47.2%
Sortino: +1.4
Stutzer: +0.23
Treynor: +0.27
Sterling: +0.62
Calmar: +1.01
Information Ratio: -0.62
Tracking Error: +14.2%
Stdev Down: +6.8%
Winning Months %: +55.6%
Losing Months %: +44.4%
Best 12 Months: +36.3%
Worst 12 Months: -5.5%
Efficiency Ratio: +0.27
Sharpe: +0.78
Stdev Sectors: +19.4%
Skewness: +0.1
Kurtosis: -0.74
Upside Potential: +3.4

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	126	$1.8B	71	1POR 2TBN 3XEL Top holdings2026-03-31 1.POR 2.TBN 3.XEL 4.ETR 5.DTE 6.CTRA 7.AEE 8.FANG 9.AEP 10.NI
2025-12-31	121	$1.6B	77	1POR 2XEL 3ETR Top holdings2025-12-31 1.POR 2.XEL 3.ETR 4.DTE 5.NI 6.AEE 7.TBN 8.EQT 9.EVRG 10.ADNT
2025-09-30	115	$1.8B	82	1DTE 2ETR 3XEL Top holdings2025-09-30 1.DTE 2.ETR 3.XEL 4.POR 5.AEE 6.NI 7.CNP 8.VNOMUSD 9.EVRG 10.CHRD
2025-06-30	111	$1.7B	0	1DTE 2POR 3COP Top holdings2025-06-30 1.DTE 2.POR 3.COP 4.EVRG 5.AEE 6.LAD 7.XEL 8.CHRD 9.CNP 10.ETR
2025-03-31	107	$1.6B	100	1DTE 2AEE 3CNP Top holdings2025-03-31 1.DTE 2.AEE 3.CNP 4.XEL 5.EXE 6.AR 7.CHRD 8.COP 9.LAD 10.SM
2024-12-31	98	$1.4B	0	1DTE 2AEE 3CNP Top holdings2024-12-31 1.DTE 2.AEE 3.CNP 4.EQT 5.016 6.DVN 7.XEL 8.POR 9.FANG 10.CHRD
2024-09-30	85	$870.2M	0	1016 2DTE 3POR Top holdings2024-09-30 1.016 2.DTE 3.POR 4.LAD 5.ETR 6.CHRD 7.COP 8.AR 9.GPOR 10.NI
2024-06-30	98	$1.0B	0	1NFE 2POR 3GPOR Top holdings2024-06-30 1.NFE 2.POR 3.GPOR 4.CMS 5.NI 6.ETR 7.COP 8.DTE 9.CHRD 10.OKLO
2024-03-31	86	$998.1M	0	1NFE 2CMS 3GPOR Top holdings2024-03-31 1.NFE 2.CMS 3.GPOR 4.POR 5.ETR 6.NI 7.DTE 8.ERFGBP 9.BP 10.TRGP
2023-12-31	86	$951.3M	0	1NI 2ETR 3NFE Top holdings2023-12-31 1.NI 2.ETR 3.NFE 4.DTM 5.TRGP 6.CMS 7.POR 8.PBA 9.APTV 10.LNT
2023-09-30	107	$931.1M	0	1NFE 2NI 3POR Top holdings2023-09-30 1.NFE 2.NI 3.POR 4.EQT 5.XEL 6.PBA 7.OVV 8.TRGP 9.ETR 10.SO
2023-06-30	89	$865.6M	0	1NFE 2NI 3ETR Top holdings2023-06-30 1.NFE 2.NI 3.ETR 4.POR 5.EXC 6.TRGP 7.FANG 8.PR 9.EQT 10.PBA
2023-03-31	95	$1.3B	0	1NI 2ETR 3DTE Top holdings2023-03-31 1.NI 2.ETR 3.DTE 4.TRGP 5.NFE 6.COP 7.PBA 8.MUR 9.POR 10.CWEN
2022-12-31	81	$1.2B	0	1ETR 2NI 3DTE Top holdings2022-12-31 1.ETR 2.NI 3.DTE 4.OVV 5.TRGP 6.FANG 7.POR 8.EXC 9.CWEN 10.EVRG
2022-09-30	88	$1.2B	0	1ETR 2NI 3TRGP Top holdings2022-09-30 1.ETR 2.NI 3.TRGP 4.OVV 5.EXC 6.FANG 7.PDCEUSD 8.POR 9.DTE 10.SM
2022-06-30	89	$1.1B	0	1NI 2ETR 3TRGP Top holdings2022-06-30 1.NI 2.ETR 3.TRGP 4.OVV 5.COP 6.POR 7.FANG 8.SM 9.CNP 10.LFG1USD
2022-03-31	142	$1.0B	0	1NI 2TRGP 3ETR Top holdings2022-03-31 1.NI 2.TRGP 3.ETR 4.FANG 5.OVV 6.COP 7.LFG1USD 8.XEL 9.POR 10.EVRG
2021-12-31	153	$869.2M	0	1TRGP 2NI 3ETR Top holdings2021-12-31 1.TRGP 2.NI 3.ETR 4.LFG1USD 5.OVV 6.POR 7.XEL 8.EVRG 9.WMB 10.OXY
2021-09-30	148	$794.8M	0	1TRGP 2NI 3ETR Top holdings2021-09-30 1.TRGP 2.NI 3.ETR 4.LFG1USD 5.POR 6.CNP 7.XEL 8.MRO* 9.OVV 10.PXDEUR
2021-06-30	144	$711.1M	97	1ETR 2TRGP 3RICEEUR Top holdings2021-06-30 1.ETR 2.TRGP 3.RICEEUR 4.POR 5.OVV 6.EVRG 7.STEM 8.OXY 9.NI 10.LQD
2021-03-31	161	$665.8M	97	1TRGP 2ETR 3DVN Top holdings2021-03-31 1.TRGP 2.ETR 3.DVN 4.POR 5.NEE 6.LQD 7.VCIT 8.LNT 9.VNOM 10.R6C2
2020-12-31	121	$429.8M	100	1LQD 2STPK-U3762594 Top holdings2020-12-31 1.LQD 2.STPK-U 3.762594 4.VCLT 5.VNOM 6.R6C2 7.VCIT 8.LNG 9.TRGP 10.SBE-U
2020-09-30	101	$320.5M	77	1SBE-U 2VNOM 3STPK-U Top holdings2020-09-30 1.SBE-U 2.VNOM 3.STPK-U 4.LQD 5.TRGP 6.VCLT 7.PE1EUR 8.EVAUSD 9.LNG 10.R6C2
2020-06-30	92	$272.2M	100	1PE1EUR 2SBE-U 3VNOM Top holdings2020-06-30 1.PE1EUR 2.SBE-U 3.VNOM 4.EVAUSD 5.NBL2EUR 6.PAGP 7.R6C2 8.WEP 9.ARCH1EUR 10.ETRNUSD
2020-03-31	68	$312.3M	100	1WMB 2VNOM 3MPLX Top holdings2020-03-31 1.WMB 2.VNOM 3.MPLX 4.NBL2EUR 5.SBE-U 6.COP 7.RTLRUSD 8.NRG 9.WEP 10.EVAUSD
2019-12-31	93	$498.8M	71	1VNOM 2RTLRUSD 3NBLXUSD Top holdings2019-12-31 1.VNOM 2.RTLRUSD 3.NBLXUSD 4.30607B 5.TRGP 6.SBE-U 7.EVAUSD 8.ET 9.02215L 10.AM
2019-09-30	70	$488.0M	71	1RTLRUSD 2ET 3TRGP Top holdings2019-09-30 1.RTLRUSD 2.ET 3.TRGP 4.30607B 5.EPD 6.VNOM 7.GLNG 8.SBE-U 9.NGL 10.WES
2019-06-30	71	$632.7M	64	1VNOM230607B3ET Top holdings2019-06-30 1.VNOM 2.30607B 3.ET 4.RTLRUSD 5.PSXPUSD 6.GLNG 7.PAGP 8.NGL 9.WES 10.EVAUSD
2019-03-31	69	$631.4M	70	1VNOM230607B3EQMUSD Top holdings2019-03-31 1.VNOM 2.30607B 3.EQMUSD 4.ET 5.WES 6.02215L 7.EVAUSD 8.12654A 9.NGL 10.LNG
2018-12-31	63	$571.5M	100	130607B2EQMUSD 3VNOM Top holdings2018-12-31 1.30607B 2.EQMUSD 3.VNOM 4.ENB 5.02215L 6.12654A 7.NGL 8.ET 9.LNG 10.12663P
2018-09-30	60	$639.7M	91	1ET230607B3TRGP Top holdings2018-09-30 1.ET 2.30607B 3.TRGP 4.12654A 5.NGL 6.KYN 7.ENB 8.VNOM 9.CEQPUSD 10.EPD
2018-06-30	55	$637.4M	85	1VNOM 2NBLXUSD 3NGL Top holdings2018-06-30 1.VNOM 2.NBLXUSD 3.NGL 4.TRGP 5.ET 6.84756N 7.CVI 8.NBL2EUR 9.ANDX 10.KRSP
2018-03-31	55	$458.9M	58	1VNOM 2NBLXUSD 3NGL Top holdings2018-03-31 1.VNOM 2.NBLXUSD 3.NGL 4.AROC 5.EQT 6.GLNG 7.CVI 8.NBL2EUR 9.CEQPUSD 10.SPH
2017-12-31	63	$566.3M	70	1NBLXUSD 2VNOM 3NGL Top holdings2017-12-31 1.NBLXUSD 2.VNOM 3.NGL 4.GLNG 5.AROC 6.CVI 7.PAA 8.AM 9.CEQPUSD 10.SPH
2017-09-30	57	$387.0M	85	1NBLXUSD 2GLNG 3VNOM Top holdings2017-09-30 1.NBLXUSD 2.GLNG 3.VNOM 4.NGL 5.AROC 6.RICEEUR 7.ENB 8.CVI 9.GLP 10.ARLP
2017-06-30	50	$298.7M	100	1GLNG 2NBLXUSD 3RICEEUR Top holdings2017-06-30 1.GLNG 2.NBLXUSD 3.RICEEUR 4.AROC 5.ENB 6.96949L 7.EQT 8.GLP 9.AROC 10.DKL
2017-03-31	52	$407.6M	90	1PAGP 2CQP 3NGL Top holdings2017-03-31 1.PAGP 2.CQP 3.NGL 4.NBLXUSD 5.KRSP 6.GLNG 7.AROC 8.WMB 9.DCPUSD 10.GLNG
2016-12-31	54	$385.8M	84	1KRSP 2NGL 3PAA Top holdings2016-12-31 1.KRSP 2.NGL 3.PAA 4.EPD 5.GLNG 6.NBLXUSD 7.88160T 8.AROC 9.709311 10.CQP
2016-09-30	53	$315.2M	69	1NGL 20E413709311 Top holdings2016-09-30 1.NGL 2.0E41 3.709311 4.SPH 5.AROC 6.Y9384M 7.NBLXUSD 8.AROC 9.TNK 10.WDC
2016-06-30	47	$245.8M	100	1TRGP 2NGL3709311 Top holdings2016-06-30 1.TRGP 2.NGL 3.709311 4.SPH 5.AROC 6.AROC 7.G0751N 8.CQP 9.EVAUSD 10.KRSP
2016-03-31	57	$230.2M	81	1GLNG 2SPH3Y9384M Top holdings2016-03-31 1.GLNG 2.SPH 3.Y9384M 4.D 5.MPLX 6.SHLXUSD 7.EVAUSD 8.709311 9.760113 10.KRSP
2015-12-31	58	$234.1M	100	1EPD 2VLO3Y9384M Top holdings2015-12-31 1.EPD 2.VLO 3.Y9384M 4.D 5.SPH 6.ET 7.PEGIEUR 8.NGL 9.EVAUSD 10.709311
2015-09-30	57	$242.8M	85	1G003492GLNG 3ET Top holdings2015-09-30 1.G00349 2.GLNG 3.ET 4.PEGIEUR 5.CQP 6.D 7.Y9384M 8.TNK 9.709311 10.VLO
2015-06-30	68	$364.7M	84	1GLNG 2ET 3PEGIEUR Top holdings2015-06-30 1.GLNG 2.ET 3.PEGIEUR 4.G00349 5.D 6.552715 7.30225X 8.874697 9.TNK 10.67059L
2015-03-31	63	$308.6M	79	1TNK 2ET 3SEMGUSD Top holdings2015-03-31 1.TNK 2.ET 3.SEMGUSD 4.G00349 5.NI 6.D 7.EQMUSD 8.GLNG 9.760112 10.VLO
2014-12-31	70	$262.4M	98	1ET 2EQMUSD 3D Top holdings2014-12-31 1.ET 2.EQMUSD 3.D 4.SEMGUSD 5.760112 6.88104R 7.CAPL 8.AM 9.WDC 10.WMB
2014-09-30	84	$367.9M	53	1GLOP-PC 2ET 3WMB Top holdings2014-09-30 1.GLOP-PC 2.ET 3.WMB 4.760112 5.SEMGUSD 6.WDC 7.GLNG 8.EQMUSD 9.00434L 10.TNK
2014-06-30	66	$314.2M	59	1ET 2WMB300434L Top holdings2014-06-30 1.ET 2.WMB 3.00434L 4.SEMGUSD 5.EQMUSD 6.760112 7.TNK 8.NGL 9.GLOP-PC 10.84130C
2014-03-31	66	$315.1M	69	1ET 2SEMGUSD 3SDRL Top holdings2014-03-31 1.ET 2.SEMGUSD 3.SDRL 4.00434L 5.TNK 6.226344 7.NGL 8.84130C 9.EQMUSD 10.760112
2013-12-31	61	$279.4M	87	1ET 2SDRL300434L Top holdings2013-12-31 1.ET 2.SDRL 3.00434L 4.570759 5.88160T 6.NGL 7.226344 8.DCPUSD 9.WDC 10.KMI
2013-09-30	60	$240.5M	66	1ET200434L3ING Top holdings2013-09-30 1.ET 2.00434L 3.ING 4.456615 5.NGL 6.45671U 7.570759 8.EQMUSD 9.SDRL 10.OKE
2013-06-30	54	$214.0M	0	1ET 2ING300434L Top holdings2013-06-30 1.ET 2.ING 3.00434L 4.TRGP 5.NGL 6.WES 7.SDRL 8.874697 9.USAC 10.570759

Holding changes this quarter

Position changes disclosed by HITE Hedge Asset Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TBN	Tamboran Resources CORP	+2.3%	+1.95%	Add
2	EXE	Expand Energy CORP	+2%	+963.03%	Add
3	CTRA	Coterra Energy INC	+1.7%	+55.15%	Add
4	GPOR	Gulfport Energy CORP	+1.4%	+411.45%	Add
5	MDU	Mdu Resources Group INC	+1%	+124.64%	Add
6	APH	Amphenol Corp-cl A	+1%	+1145.65%	Add
7	EE	Excelerate Energy Inc-a	+0.7%	+175.11%	Add
8	CHRD	Chord Energy CORP	+0.6%	+5.30%	Add
9	BETA	Beta Technologies INC -cl A	+0.5%	+209.78%	Add
10	AEP	American Electric Power	+0.4%	+17.51%	Add
11	DTE	Dte Energy Company	+0.3%	+8.49%	Add
12	POR	Portland General Electric Co	-0.1%	+1.36%	Add
13	CRGY	Crescent Energy Inc-a	-0.8%	-67.32%	Trim
14	MP	Mp Materials CORP	-0.8%	-88.20%	Trim
15	PHIN	Phinia INC	-0.9%	-90.59%	Trim
16	AEE	Ameren Corporation	-0.9%	-24.28%	Trim
17	SU	Suncor Energy INC	-1%	-61.26%	Trim
18	ETR	Entergy CORP	-1.4%	-28.21%	Trim
19	NI	Nisource INC	-1.5%	-38.24%	Trim
20	OVV	Ovintiv INC	-1.8%	-91.58%	Trim
21	XEL	Xcel Energy INC	-2.7%	-30.48%	Trim
22	EQT	Eqt CORP	-2.8%	-98.89%	Trim
23	FANG	Diamondback Energy INC	—	NEW	New buy
24	MGY	Magnolia Oil & Gas CORP - A	—	EXIT	Sold out
25	FPS	Forgent Power Solutions INC	—	NEW	New buy
26	ED	Consolidated Edison INC	—	NEW	New buy
27	WMB	Williams Cos INC	—	NEW	New buy
28	KNTK	Kinetik Holdings INC	—	NEW	New buy
29	ES	Eversource Energy	—	EXIT	Sold out
30	Q	Qnity Electronics INC	—	EXIT	Sold out
31	AM	Antero Midstream CORP	—	NEW	New buy
32	CNM	Core & Main Inc-class A	—	NEW	New buy
33	ADP	Automatic Data Processing	—	NEW	New buy
34	YPF	Ypf S.a.-sponsored Adr	—	NEW	New buy
35	MUR	Murphy Oil CORP	—	NEW	New buy
36	SOC	Sable Offshore CORP	—	NEW	New buy
37	OKE	Oneok INC	—	EXIT	Sold out
38	PR	Permian Resources Corp-cl A	—	NEW	New buy
39	MCHI	Ishares Msci China ETF	—	NEW	New buy
40	VST	Vistra CORP	—	NEW	New buy
41	TRGP	Targa Resources CORP	—	NEW	New buy
42	CVE	Cenovus Energy INC	—	NEW	New buy
43	FDX	Fedex CORP	—	EXIT	Sold out
44	VLO	Valero Energy CORP	—	NEW	New buy
45	NRG	Nrg Energy INC	—	NEW	New buy
46	CVX	Chevron CORP	—	EXIT	Sold out
47	UTL	Unitil CORP	—	EXIT	Sold out
48	KGS	Kodiak Gas Services INC	—	EXIT	Sold out
49	LBRT	Liberty Energy INC	—	NEW	New buy
50	ITRI	Itron INC	—	EXIT	Sold out