CIK: 0001843590
Total reported value
$845.0M
Reporting period: 2026-03-31 · Number of holdings: 81
Fractal Investments LLC disclosed 81 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $845.0M and a quarterly turnover rate of 17.6%.
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Fractal Investments LLC's disclosed holdings carry a Herfindahl concentration index of 0.072 — mathematically equivalent to about 14 equally-sized positions, well below its 81 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.22), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Trim MPLX
0.0% $7.6M
Trim WES
0.0% $2.6M
Add KMI
+22.5% $11.6M
Add TRGP
0.0% $10.5M
Add PAA
0.0% $15.8M
Trim HESM
0.0% $5.2M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MPLX | Mplx LP | Stock-Energy | 13.85% | -1.44% | — | |
| 2 | ET | Energy Transfer LP | Stock-Energy | 11.01% | -0.04% | +0.47% | |
| 3 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 9.58% | +0.49% | — | |
| 4 | EPD | Enterprise Products Partners | Stock-Energy | 8.23% | +0.01% | — | |
| 5 | WES | Western Midstream Partners L | Stock-Energy | 7.69% | -1.01% | — | |
| 6 | WMB | Williams Cos INC | Stock-Energy | 7.01% | +0.18% | — | |
| 7 | HESM | Hess Midstream LP - Class A | Stock-Other | 5.45% | -0.26% | — | |
| 8 | TRP | Tc Energy CORP | Stock-Energy | 4.81% | -0.17% | — | |
| 9 | SUN | Sunoco LP | Stock-Other | 4.74% | +0.23% | — | |
| 10 | TRGP | Targa Resources CORP | Stock-Energy | 4.70% | +0.62% | — | |
| 11 | KMI | Kinder Morgan INC | Stock-Energy | 4.15% | +0.87% | +22.47% | |
| 12 | DTM | Dt Midstream INC | Stock-Energy | 3.68% | -0.18% | — | |
| 13 | LNG | Cheniere Energy INC | Stock-Energy | 2.26% | +0.13% | -14.25% | |
| 14 | OKE | Oneok INC | Stock-Energy | 1.68% | +0.07% | — | |
| 15 | CQP | Cheniere Energy Partners LP | Stock-Other | 1.48% | +0.03% | — | |
| 16 | NGL | Ngl Energy Partners LP | Stock-Other | 1.21% | +0.05% | — | |
| 17 | GLP | Global Partners LP | Stock-Other | 0.97% | — | — | |
| 18 | GEL | Genesis Energy L.p. | Stock-Other | 0.72% | -0.03% | — | |
| 19 | AM | Antero Midstream CORP | Stock-Energy | 0.51% | +0.51% | NEW | |
| 20 | SPH | Suburban Propane Partners LP | Stock-Other | 0.50% | -0.06% | — | |
| 21 | ENB | Enbridge INC | Stock-Energy | 0.43% | -0.02% | — | |
| 22 | GEV | GE Vernova INC | Stock-Industrials | 0.41% | +0.05% | — | |
| 23 | SNDK | Sandisk CORP | Stock-Tech | 0.33% | +0.18% | — | |
| 24 | Q | Qnity Electronics INC | Stock-Tech | 0.23% | +0.09% | +41.67% | |
| 25 | SOLS | Solstice Adv Materials INC | Stock-Materials | 0.23% | +0.06% | — | |
| 26 | WLKP | Westlake Chemical Partners L | Stock-Other | 0.21% | — | — | |
| 27 | XOM | Exxon Mobil CORP | Stock-Energy | 0.19% | +0.07% | +23.52% | |
| 28 | NEM | Newmont CORP | Stock-Materials | 0.19% | — | -10.48% | |
| 29 | SMC | Summit Midstream CORP | Stock-Other | 0.16% | — | — | |
| 30 | CF | Cf Industries Holdings INC | Stock-Materials | 0.16% | +0.05% | — | |
| 31 | KNTK | Kinetik Holdings INC | Stock-Other | 0.16% | +0.02% | — | |
| 32 | SU | Suncor Energy INC | Stock-Energy | 0.13% | +0.09% | +156.25% | |
| 33 | SHEL | Shell Plc-adr | Stock-Energy | 0.13% | +0.05% | +54.51% | |
| 34 | PHIN | Phinia INC | Stock-Consumer Disc | 0.12% | — | — | |
| 35 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.12% | — | — | |
| 36 | GEHC | GE Healthcare Technology | Stock-Healthcare | 0.11% | — | — | |
| 37 | FCX | Freeport-mcmoran INC | Stock-Materials | 0.10% | — | — | |
| 38 | CVX | Chevron CORP | Stock-Energy | 0.10% | +0.01% | — | |
| 39 | CR | Crane Co | Stock-Industrials | 0.10% | — | — | |
| 40 | VLTO | Veralto CORP | Stock-Industrials | 0.09% | — | — | |
| 41 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.09% | — | — | |
| 42 | SCCO | Southern Copper CORP | Stock-Materials | 0.09% | — | +0.83% | |
| 43 | B | Barrick Mining CORP | Stock-Materials | 0.08% | — | — | |
| 44 | BHP | Bhp Group Ltd-spon Adr | Stock-Materials | 0.08% | — | — | |
| 45 | PH | Parker Hannifin CORP | Stock-Industrials | 0.08% | — | — | |
| 46 | COP | Conocophillips | Stock-Energy | 0.07% | — | — | |
| 47 | NTR | Nutrien LTD | Stock-Materials | 0.07% | — | — | |
| 48 | ECG | Everus Construction Group | Stock-Industrials | 0.07% | — | — | |
| 49 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.07% | +0.02% | — | |
| 50 | ESAB | Esab CORP | Stock-Industrials | 0.07% | — | — |
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 0 months of available history
Based on 37% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 81 | $845.0M | 18 | |
| 2025-12-31 | 80 | $716.2M | 8 | |
| 2025-09-30 | 77 | $692.7M | 26 | |
| 2025-06-30 | 76 | $701.0M | 0 | |
| 2025-03-31 | 73 | $719.6M | 0 | |
| 2024-12-31 | 76 | $653.5M | 0 | |
| 2024-09-30 | 83 | $591.6M | 0 | |
| 2024-06-30 | 82 | $574.6M | 0 | |
| 2024-03-31 | 81 | $550.7M | 0 | |
| 2023-12-31 | 74 | $486.2M | 0 | |
| 2023-09-30 | 95 | $486.6M | 0 | |
| 2023-06-30 | 103 | $449.0M | 0 | |
| 2023-03-31 | 96 | $430.4M | 0 | |
| 2022-12-31 | 92 | $419.6M | 0 | |
| 2022-09-30 | 86 | $377.7M | 0 | |
| 2022-06-30 | 68 | $304.2M | 0 | |
| 2022-03-31 | 117 | $339.9M | 0 | |
| 2021-12-31 | 126 | $289.3M | 0 |
Fractal Investments LLC's most significant position changes for 2026-03-31: New buy: Antero Midstream CORP (AM); New buy: Eni Spa-sponsored Adr (E); New buy: Imperial Oil LTD (IMO); Sold out: Amcor plc (AMCR); Sold out: Packaging CORP Of America (PKG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | KMI | Kinder Morgan INC | +0.9% | +22.47% | Add |
| 2 | TRGP | Targa Resources CORP | +0.6% | — | Unchanged |
| 3 | PAA | Plains All Amer Pipeline LP | +0.5% | — | Unchanged |
| 4 | SUN | Sunoco LP | +0.2% | — | Unchanged |
| 5 | WMB | Williams Cos INC | +0.2% | — | Unchanged |
| 6 | SNDK | Sandisk CORP | +0.2% | — | Unchanged |
| 7 | LNG | Cheniere Energy INC | +0.1% | -14.25% | Trim |
| 8 | Q | Qnity Electronics INC | +0.1% | +41.67% | Add |
| 9 | SU | Suncor Energy INC | +0.1% | +156.25% | Add |
| 10 | OKE | Oneok INC | +0.1% | — | Unchanged |
| 11 | XOM | Exxon Mobil CORP | +0.1% | +23.52% | Add |
| 12 | SOLS | Solstice Adv Materials INC | +0.1% | — | Unchanged |
| 13 | NGL | Ngl Energy Partners LP | +0.1% | — | Unchanged |
| 14 | GEV | GE Vernova INC | +0.1% | — | Unchanged |
| 15 | CF | Cf Industries Holdings INC | +0.1% | — | Unchanged |
| 16 | SHEL | Shell Plc-adr | +0.1% | +54.51% | Add |
| 17 | CQP | Cheniere Energy Partners LP | 0% | — | Unchanged |
| 18 | KNTK | Kinetik Holdings INC | 0% | — | Unchanged |
| 19 | MPC | Marathon Petroleum CORP | 0% | — | Unchanged |
| 20 | EPD | Enterprise Products Partners | 0% | — | Unchanged |
| 21 | CVX | Chevron CORP | 0% | — | Unchanged |
| 22 | WLKP | Westlake Chemical Partners L | — | — | Unchanged |
| 23 | ENB | Enbridge INC | 0% | — | Unchanged |
| 24 | GEL | Genesis Energy L.p. | 0% | — | Unchanged |
| 25 | ET | Energy Transfer LP | 0% | +0.47% | Add |
| 26 | SPH | Suburban Propane Partners LP | -0.1% | — | Unchanged |
| 27 | GLD | Spdr Gold Shares | -0.1% | -56.68% | Trim |
| 28 | CEG | Constellation Energy | -0.1% | -50.19% | Trim |
| 29 | TRP | Tc Energy CORP | -0.2% | — | Unchanged |
| 30 | DTM | Dt Midstream INC | -0.2% | — | Unchanged |
| 31 | HESM | Hess Midstream LP - Class A | -0.3% | — | Unchanged |
| 32 | WES | Western Midstream Partners L | -1% | — | Unchanged |
| 33 | MPLX | Mplx LP | -1.4% | — | Unchanged |
| 34 | AM | Antero Midstream CORP | — | NEW | New buy |
| 35 | E | Eni Spa-sponsored Adr | — | NEW | New buy |
| 36 | IMO | Imperial Oil LTD | — | NEW | New buy |
| 37 | AMCR | Amcor plc | — | EXIT | Sold out |
| 38 | PKG | Packaging CORP Of America | — | EXIT | Sold out |
| 39 | APA | Apa CORP | — | NEW | New buy |
| 40 | MBC | Masterbrand INC | — | EXIT | Sold out |
| 41 | NUE | Nucor CORP | — | EXIT | Sold out |
| 42 | DINO | Hf Sinclair CORP | — | NEW | New buy |
| 43 | RNA | Atrium Therapeutics INC | — | NEW | New buy |
| 44 | ETN | Eaton Corporation plc | — | EXIT | Sold out |
| 45 | BKR | Baker Hughes Co | — | NEW | New buy |
| 46 | CTRA | Coterra Energy INC | — | NEW | New buy |
| 47 | ITRI | Itron INC | — | NEW | New buy |
| 48 | BG | Bunge Global SA | — | EXIT | Sold out |
| 49 | SLVM | Sylvamo CORP | — | EXIT | Sold out |
| 50 | GE | General Electric | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-27 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-27 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-07 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-06 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-01-27 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-30 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-30 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-09 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-02 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-31 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-04 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-03 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-24 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-27 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-19 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-20 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-09 | 13F-HR | View on EDGAR |
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