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Fractal Investments LLC

226 KNOLLWOOD DRIVE, GLASTONBURY, CT 06033 • 860-839-0257

Q3 2025 · Filed 2025-10-27
Market Value
$692M
-1.2%
Holdings
79
New Purchases
4
Added To
3
Closed
3
Reduced
7
Top 10 Concentration
77.5%
Turnover
8.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HESM 5.92% 1.60% +4.31% $41M
TRP 5.10% 4.52% +0.58% $35M
WES 8.33% 8.11% +0.22% $58M
NGL 0.72% 0.51% +0.21% $5M
NEM 0.21% 0.00% +0.21% $1M
DTM 3.77% 3.62% +0.15% $26M
WMB 5.41% 5.30% +0.11% $37M
GEV 0.53% 0.45% +0.08% $4M
AEM 0.12% 0.06% +0.06% $811K
ENB 0.49% 0.44% +0.06% $3M
CMC 0.05% 0.00% +0.05% $355K
VLO 0.03% 0.00% +0.03% $232K
PAAS 0.03% 0.00% +0.03% $216K
B 0.08% 0.05% +0.03% $537K
PHIN 0.11% 0.08% +0.03% $759K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MPLX 14.80% 16.59% -1.79% $102M
ET 11.89% 12.99% -1.10% $82M
KMI 3.50% 4.43% -0.94% $24M
OKE 2.19% 2.95% -0.76% $15M
PAA 9.43% 10.02% -0.60% $65M
EPD 8.30% 8.58% -0.28% $57M
SUN 4.45% 4.72% -0.26% $31M
GLP 1.35% 1.47% -0.12% $9M
TRGP 3.83% 3.94% -0.10% $27M
TECK 0.00% 0.09% -0.09% $0
LNG 2.67% 2.73% -0.06% $18M
IP 0.00% 0.06% -0.06% $0
CAT 0.03% 0.08% -0.05% $211K
CQP 1.51% 1.55% -0.04% $10M
DE 0.00% 0.04% -0.04% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 96.0%
Basic Materials 1.7%
Utilities 1.0%
Industrials 0.6%
Technology 0.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 6 $6M 0.9%
Large Cap 48 $580M 83.8%
Mid Cap 18 $84M 12.1%
Small Cap 7 $22M 3.2%

Portfolio Analytics

Avg Market Cap
$70.3B
Median Market Cap
$30.2B
Avg P/E
22.7
Median P/E
20.9
Avg Dividend Yield
0.03%
Avg Beta
0.89
# Stocks
78
# ETFs / Funds
1

Top Holdings (79 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MPLX 14.80% 2,051,301 $102M $49.95 -$14M -205,202 -9.1%
2 ET 11.89% 4,797,715 $82M $17.16 -$9M -221,066 -4.4%
3 PAA 9.43% 3,825,658 $65M $17.06 -$5M -7,000 -0.2%
4 WES 8.33% 1,467,506 $58M $39.29 $866K
5 EPD 8.30% 1,837,044 $57M $31.27 -$3M -100,199 -5.2%
6 HESM 5.92% 1,185,220 $41M $34.55 $30M +893,973 +306.9%
7 WMB 5.41% 591,500 $37M $63.35 $319K
8 TRP 5.10% 649,000 $35M $54.41 $4M
9 SUN 4.45% 616,542 $31M $50.01 -$2M
10 TRGP 3.83% 158,424 $27M $167.54 -$1M
11 DTM 3.77% 230,999 $26M $113.06 $728K
12 KMI 3.50% 854,638 $24M $28.31 -$7M -201,328 -19.1%
13 LNG 2.67% 78,585 $18M $234.98 -$671K
14 OKE 2.19% 207,693 $15M $72.97 -$5M -45,064 -17.8%
15 CQP 1.51% 194,126 $10M $53.82 -$433K
16 GLP 1.35% 195,234 $9M $48.00 -$923K
17 GEL 0.83% 343,243 $6M $16.71 -$178K
18 NGL 0.72% 832,479 $5M $6.00 $1M
19 SPH 0.58% 214,864 $4M $18.65 $26K
20 GEV 0.53% 6,000 $4M $614.90 $514K
21 ENB 0.49% 67,500 $3M $50.46 $347K
22 CEG 0.26% 5,500 $2M $329.07 $35K
23 WLKP 0.24% 80,400 $2M $20.99 -$88K
24 NEM 0.21% 17,000 $1M $84.31 +17,000 NEW
25 KNTK 0.17% 27,502 $1M $42.74 -$36K
26 GEHC 0.14% 12,601 $946K $75.10 $13K
27 SMC 0.13% 45,000 $924K $20.54 -$180K
28 CF 0.13% 10,300 $924K $89.70 -$24K
29 CR 0.13% 4,900 $902K $184.14 -$28K
30 GLD 0.13% 2,500 $889K $355.47 $127K
31 XOM 0.13% 7,861 $886K $112.75 $39K
32 VLTO 0.12% 7,800 $832K $106.61 $44K
33 AEM 0.12% 4,809 $811K $168.56 $417K +1,500 +45.3%
34 PHIN 0.11% 13,200 $759K $57.48 $171K
35 CVX 0.09% 4,200 $652K $155.29 $51K
36 ESAB 0.09% 5,777 $646K $111.74 -$51K
37 ARMK 0.09% 16,800 $645K $38.40 -$58K
38 FCX 0.09% 15,068 $591K $39.22 -$62K
39 PH 0.08% 730 $553K $758.15 $44K
40 RIO 0.08% 8,200 $541K $66.01 $63K
41 B 0.08% 16,400 $537K $32.77 $196K
42 SHEL 0.08% 7,500 $536K $71.53 $8K
43 SCCO 0.08% 4,304 $522K $121.36 $91K +43 +1.0%
44 KNF 0.07% 6,702 $515K $76.87 -$32K
45 BHP 0.07% 9,000 $502K $55.75 $69K
46 NATL 0.07% 12,700 $499K $39.31 $137K
47 MLI 0.07% 4,926 $498K $101.11 $107K
48 DKL 0.07% 10,559 $481K $45.54 $27K
49 NTR 0.07% 7,700 $452K $58.71 $4K
50 MPC 0.06% 2,291 $442K $192.74 $61K
51 COP 0.06% 4,492 $425K $94.59 $22K
52 ECG 0.06% 4,900 $420K $85.75 $109K
53 INGR 0.06% 3,285 $401K $122.11 -$44K
54 CXT 0.06% 5,880 $394K $67.07 $77K
55 PKG 0.06% 1,800 $392K $217.93 $53K
56 MMM 0.06% 2,500 $388K $155.18 $7K
57 MBC 0.06% 29,328 $386K $13.17 $66K
58 STLD 0.05% 2,694 $376K $139.43 $31K
59 CARR 0.05% 6,030 $360K $59.70 -$81K
60 CMC 0.05% 6,200 $355K $57.28 +6,200 NEW
61 TT 0.05% 800 $338K $421.96 -$12K
62 MRP 0.04% 9,000 $302K $33.61 $46K
63 K 0.04% 3,600 $295K $82.02 $9K
64 RS 0.04% 1,000 $281K $280.83 -$33K
65 ETN 0.04% 749 $280K $374.25 $13K
66 PLD 0.04% 2,400 $275K $114.52 $23K
67 SU 0.04% 6,400 $268K $41.81 $28K
68 LLYVK 0.04% 2,743 $266K $96.97 $43K
69 NUE 0.04% 1,868 $253K $135.43 $11K
70 VLO 0.03% 1,360 $232K $170.26 +1,360 NEW
71 ICL 0.03% 36,500 $227K $6.22 -$24K
72 PAAS 0.03% 5,567 $216K $38.73 +5,567 NEW
73 CAT 0.03% 442 $211K $477.15 -$371K -1,058 -70.5%
74 RXO 0.03% 13,083 $201K $15.38 -$4K
75 FIP 0.02% 33,000 $144K $4.36 -$60K
76 GGB 0.01% 33,264 $103K $3.10 $6K
77 TECK —% -$655K -16,218 -100.0% SOLD
78 DE —% -$305K -600 -100.0% SOLD
79 IP —% -$398K -8,500 -100.0% SOLD

New Positions

SymbolValue% Port
NEM $1M 0.21%
CMC $355K 0.05%
VLO $232K 0.03%
PAAS $216K 0.03%

Sold Out Positions

SymbolValue% Port
TECK —%
IP —%
DE —%
View SEC EDGAR Filings for Fractal Investments LLC →

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