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REAVES W H & CO INC

10 EXCHANGE PLACE, JERSEY CITY, NJ 07302 • 2123224596

Q3 2025 · Filed 2025-11-06
Market Value
$5.6B
+24.4%
Holdings
83
+3
New Purchases
7
Added To
25
Closed
2
Reduced
32
Top 10 Concentration
50.5%
Turnover
10.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TLN 10.69% 8.08% +2.62% $600M
MP 3.10% 0.71% +2.38% $174M
AEE 1.79% 0.97% +0.83% $101M
XEL 4.55% 3.80% +0.75% $255M
GLW 0.74% 0.00% +0.74% $41M
LNT 2.14% 1.55% +0.59% $120M
EQT 1.00% 0.42% +0.57% $56M
CCI 0.56% 0.00% +0.56% $32M
NI 3.86% 3.33% +0.54% $217M
WEC 0.48% 0.00% +0.48% $27M
NRG 0.85% 0.47% +0.38% $48M
LEU 1.15% 0.85% +0.30% $65M
UTL 0.23% 0.00% +0.23% $13M
AWK 0.70% 0.48% +0.22% $39M
WBI 0.20% 0.00% +0.20% $11M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CHTR 0.84% 1.79% -0.95% $47M
SBAC 1.40% 2.25% -0.85% $79M
ATO 0.32% 1.07% -0.75% $18M
UNP 0.79% 1.53% -0.74% $45M
PCG 0.03% 0.67% -0.64% $2M
TXNM 2.57% 3.21% -0.64% $144M
AMT 0.34% 0.95% -0.61% $19M
CCOI 0.29% 0.88% -0.59% $16M
EQIX 2.21% 2.80% -0.59% $124M
VRT 0.41% 1.00% -0.58% $23M
NEE 0.80% 1.38% -0.58% $45M
EPD 1.95% 2.47% -0.52% $109M
CMCSA 1.04% 1.47% -0.43% $58M
CCJ 2.18% 2.56% -0.39% $122M
NSC 0.88% 1.24% -0.37% $49M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Utilities 68.4%
Energy 13.4%
Real Estate 5.2%
Industrials 5.0%
Technology 4.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $71M 1.3%
Large Cap 59 $5.0B 89.7%
Mid Cap 11 $466M 8.3%
Small Cap 3 $41M 0.7%

Portfolio Analytics

Avg Market Cap
$146.5B
Median Market Cap
$43.8B
Avg P/E
29.7
Median P/E
23.6
Avg Dividend Yield
0.02%
Avg Beta
0.79
# Stocks
81
# ETFs / Funds
2

Top Holdings (83 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TLN 10.69% 1,410,537 $600M $425.38 $236M +158,047 +12.6%
2 VST 6.70% 1,918,529 $376M $195.92 $72M +350,270 +22.3%
3 CEG 5.95% 1,015,379 $334M $329.07 $68M +192,051 +23.3%
4 CNP 4.99% 7,220,266 $280M $38.80 $50M +962,910 +15.4%
5 XEL 4.55% 3,164,159 $255M $80.65 $84M +647,834 +25.8%
6 IDA 4.00% 1,700,680 $225M $132.15 $44M +133,836 +8.5%
7 NI 3.86% 5,009,644 $217M $43.30 $67M +1,287,745 +34.6%
8 ETR 3.80% 2,288,367 $213M $93.19 $49M +310,589 +15.7%
9 MP 3.10% 2,589,908 $174M $67.07 $142M +1,624,908 +168.4%
10 PNW 2.88% 1,804,114 $162M $89.66 $29M +316,193 +21.2%
11 PPL 2.87% 4,336,283 $161M $37.16 $32M +515,523 +13.5%
12 PEG 2.84% 1,906,496 $159M $83.46 $26M +322,752 +20.4%
13 CMS 2.81% 2,149,018 $157M $73.26 $28M +276,476 +14.8%
14 TXNM 2.57% 2,551,398 $144M $56.55 -$555K -20,282 -0.8%
15 SRE 2.56% 1,595,828 $144M $89.98 $27M +53,079 +3.4%
16 EQIX 2.21% 158,626 $124M $783.24 -$2M -140 -0.1%
17 CCJ 2.18% 1,455,779 $122M $83.86 $7M -100,673 -6.5%
18 LNT 2.14% 1,779,087 $120M $67.41 $50M +626,410 +54.3%
19 PWR 2.00% 270,962 $112M $414.42 $10M -885 -0.3%
20 EPD 1.95% 3,493,940 $109M $31.27 -$2M -100,000 -2.8%
21 AEE 1.79% 964,012 $101M $104.38 $57M +510,192 +112.4%
22 DTE 1.48% 586,694 $83M $141.43 $9M +25,946 +4.6%
23 DTM 1.40% 697,426 $79M $113.06 $2M -1,021 -0.1%
24 SBAC 1.40% 406,844 $79M $193.35 -$23M -25,804 -6.0%
25 WMB 1.23% 1,089,227 $69M $63.35 $22M +341,455 +45.7%
26 LEU 1.15% 208,789 $65M $310.07 $26M -146 -0.1%
27 OGE 1.10% 1,335,747 $62M $46.27 $7M +93,462 +7.5%
28 CMCSA 1.04% 1,858,600 $58M $31.42 -$8M
29 EQT 1.00% 1,029,234 $56M $54.43 $37M +700,732 +213.3%
30 NSC 0.88% 163,700 $49M $300.41 -$7M -55,600 -25.4%
31 NRG 0.85% 295,471 $48M $161.95 $27M +162,874 +122.8%
32 CHTR 0.84% 170,920 $47M $275.11 -$34M -26,101 -13.2%
33 NEE 0.80% 593,761 $45M $75.49 -$17M -300,265 -33.6%
34 UNP 0.79% 188,538 $45M $236.37 -$25M -112,099 -37.3%
35 OKE 0.76% 584,123 $43M $72.97 -$5M -275 -0.1%
36 DY 0.75% 143,428 $42M $291.76 $12M +21,763 +17.9%
37 GLW 0.74% 504,522 $41M $82.03 +504,522 NEW
38 AWK 0.70% 281,145 $39M $139.19 $17M +125,000 +80.0%
39 TMUS 0.65% 151,752 $36M $239.38 -$436K -2,545 -1.6%
40 MPLX 0.60% 670,500 $33M $49.95 -$1M
41 CCI 0.56% 328,217 $32M $96.49 +328,217 NEW
42 WEC 0.48% 236,000 $27M $114.59 +236,000 NEW
43 VRT 0.41% 154,145 $23M $150.86 -$22M -195,650 -55.9%
44 FYBR 0.39% 592,148 $22M $37.35 -$4M -115,416 -16.3%
45 MPC 0.34% 100,000 $19M $192.74 -$6M -50,000 -33.3%
46 AMT 0.34% 98,037 $19M $192.32 -$24M -95,000 -49.2%
47 ATO 0.32% 105,186 $18M $170.75 -$30M -207,834 -66.4%
48 CCOI 0.29% 423,098 $16M $38.35 -$23M -396,855 -48.4%
49 UTL 0.23% 275,000 $13M $47.86 +275,000 NEW
50 DLR 0.23% 74,733 $13M $172.88 -$110K -7 -0.0%
51 DUK 0.22% 99,459 $12M $123.75 $11M +91,295 +1118.3%
52 WBI 0.20% 450,000 $11M $25.22 +450,000 NEW
53 LIN 0.18% 21,239 $10M $475.00 $103K -44 -0.2%
54 GEV 0.16% 15,000 $9M $614.90 -$1M -5,000 -25.0%
55 BRK-B 0.16% 17,751 $9M $502.74 $21K -577 -3.1%
56 JCI 0.10% 50,698 $6M $109.95 $237K +166 +0.3%
57 CSX 0.09% 150,000 $5M $35.51 +150,000 NEW
58 T 0.09% 180,652 $5M $28.24 -$132K -203 -0.1%
59 CPK 0.07% 30,000 $4M $134.69 $434K
60 UTG 0.06% 82,060 $3M $39.62 $45K -6,563 -7.4%
61 LAMR 0.05% 25,000 $3M $122.42 $26K
62 SO 0.05% 30,048 $3M $94.77 $88K
63 CNI 0.05% 28,796 $3M $94.30 -$323K -412 -1.4%
64 XOM 0.04% 17,910 $2M $112.75 $89K
65 CVX 0.03% 11,115 $2M $155.29 $134K
66 PCG 0.03% 106,570 $2M $15.08 -$29M -2,072,851 -95.1%
67 SCE-PJ 0.03% 63,125 $1M $23.59 $51K
68 DTEGY 0.02% 37,859 $1M $34.09 -$86K
69 AAPL 0.02% 4,800 $1M $254.63 $237K
70 ODFL 0.02% 8,200 $1M $140.78 -$11M -66,005 -89.0%
71 ECG 0.02% 12,500 $1M $85.75 $278K
72 PLD 0.02% 7,356 $842K $114.52 $69K
73 PM 0.01% 5,000 $811K $162.20 -$100K
74 EVRG 0.01% 9,924 $754K $76.02 +9,924 NEW
75 EXC 0.01% 16,365 $737K $45.01 $5K -475 -2.8%
76 NJR 0.01% 15,020 $723K $48.15 $50K
77 JNJ 0.01% 3,278 $608K $185.42 $107K -2 -0.1%
78 MO 0.01% 8,000 $528K $66.06 $59K
79 PPG 0.01% 5,000 $526K $105.11 -$43K
80 EIX 0.01% 6,520 $360K $55.28 $20K -70 -1.1%
81 VZ —% 4,665 $205K $43.95 $3K
82 MDU —% -$834K -50,000 -100.0% SOLD
83 NWN —% -$235K -5,909 -100.0% SOLD

New Positions

SymbolValue% Port
GLW $41M 0.74%
CCI $32M 0.56%
WEC $27M 0.48%
UTL $13M 0.23%
WBI $11M 0.20%
CSX $5M 0.09%
EVRG $754K 0.01%

Sold Out Positions

SymbolValue% Port
MDU —%
NWN —%
View SEC EDGAR Filings for REAVES W H & CO INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms