Fractal Investments LLC
CIK 0001843590
Annualised vol
2.542537%
Beta
0.063492
HHI
682.395467
Top-10 weight
76.347358%
VaR 95%
0.217585%
VaR 99%
0.41871%
Max drawdown
5.124639%
Matched value
36.997941%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| MPLX | REDUCED | 1,668,116 | 2,051,301 | -18.68% | 93,964,974 |
| TRP | ADDED | 670,000 | 649,000 | 3.24% | 44,414,300 |
| HESM | REDUCED | 1,160,420 | 1,185,220 | -2.09% | 43,631,792 |
| DTM | UNCHANGED | 230,999 | 230,999 | 0.0% | 33,896,793 |
| LNG | ADDED | 77,685 | 67,385 | 15.29% | 18,567,492 |
| OKE | UNCHANGED | 156,630 | 156,630 | 0.0% | 13,617,412 |
| NGL | UNCHANGED | 832,479 | 832,479 | 0.0% | 13,261,390 |
| CQP | UNCHANGED | 194,126 | 194,126 | 0.0% | 11,831,980 |
| GLP | UNCHANGED | 195,234 | 195,234 | 0.0% | 9,095,952 |
| SNDK | REDUCED | 3,400 | 4,400 | -22.73% | 7,730,682 |
| AM | ADDED | 233,383 | 190,383 | 22.59% | 5,309,463 |
| GEV | UNCHANGED | 3,949 | 3,949 | 0.0% | 4,639,522 |
| ENB | UNCHANGED | 67,500 | 67,500 | 0.0% | 3,659,175 |
| Q | ADDED | 20,000 | 17,000 | 17.65% | 3,266,200 |
| CAT | ADDED | 1,342 | 442 | 203.62% | 1,429,096 |
| NEM | UNCHANGED | 15,218 | 15,218 | 0.0% | 1,421,361 |
| CR | ADDED | 6,300 | 4,900 | 28.57% | 1,405,341 |
| KNTK | UNCHANGED | 27,502 | 27,502 | 0.0% | 1,329,447 |
| SMC | UNCHANGED | 45,000 | 45,000 | 0.0% | 1,281,600 |
| PHIN | UNCHANGED | 14,900 | 14,900 | 0.0% | 1,227,313 |
| FCX | UNCHANGED | 15,068 | 15,068 | 0.0% | 947,627 |
| SHEL | UNCHANGED | 11,588 | 11,588 | 0.0% | 898,534 |
| SU | UNCHANGED | 16,400 | 16,400 | 0.0% | 880,352 |
| KEYS | NEW | 2,500 | - | - | 875,175 |
| VLTO | UNCHANGED | 8,800 | 8,800 | 0.0% | 780,384 |
| RIO | UNCHANGED | 8,200 | 8,200 | 0.0% | 778,426 |
| SCCO | ADDED | 4,419 | 4,376 | 0.98% | 770,055 |
| AEM | UNCHANGED | 4,809 | 4,809 | 0.0% | 746,020 |
| RAL | NEW | 10,000 | - | - | 736,300 |
| PH | UNCHANGED | 730 | 730 | 0.0% | 714,028 |
| CVX | UNCHANGED | 4,200 | 4,200 | 0.0% | 696,192 |
| STLD | UNCHANGED | 2,694 | 2,694 | 0.0% | 618,165 |
| NATL | UNCHANGED | 12,700 | 12,700 | 0.0% | 551,307 |
| DKL | UNCHANGED | 10,559 | 10,559 | 0.0% | 544,211 |
| LLYVA | UNCHANGED | 5,143 | 5,143 | 0.0% | 543,307 |
| FTV | UNCHANGED | 8,400 | 8,400 | 0.0% | 513,156 |
| SPHR | NEW | 2,900 | - | - | 501,787 |
| CEG | UNCHANGED | 1,985 | 1,985 | 0.0% | 493,014 |
| COP | UNCHANGED | 4,492 | 4,492 | 0.0% | 466,988 |
| E | UNCHANGED | 9,186 | 9,186 | 0.0% | 430,456 |
| IMO | UNCHANGED | 3,710 | 3,710 | 0.0% | 415,594 |
| TT | UNCHANGED | 800 | 800 | 0.0% | 392,928 |
| CMC | UNCHANGED | 6,200 | 6,200 | 0.0% | 389,050 |
| RS | UNCHANGED | 1,000 | 1,000 | 0.0% | 373,600 |
| PLD | UNCHANGED | 2,400 | 2,400 | 0.0% | 325,128 |
| DINO | UNCHANGED | 4,600 | 4,600 | 0.0% | 320,390 |
| KEX | NEW | 2,200 | - | - | 299,134 |
| RNA | UNCHANGED | 20,000 | 20,000 | 0.0% | 269,000 |
| VGNT | NEW | 6,000 | - | - | 252,060 |
| HAL | UNCHANGED | 7,200 | 7,200 | 0.0% | 244,440 |
| RIG | NEW | 48,000 | - | - | 234,720 |
| BKR | UNCHANGED | 3,900 | 3,900 | 0.0% | 216,450 |
| GEF | NEW | 2,800 | - | - | 208,572 |
| FIP | UNCHANGED | 33,000 | 33,000 | 0.0% | 153,120 |
| ICL | CLOSED OUT | 0 | 36,500 | -100.0% | 0 |
| APA | CLOSED OUT | 0 | 7,862 | -100.0% | 0 |
| NTR | CLOSED OUT | 0 | 7,700 | -100.0% | 0 |
| CARR | CLOSED OUT | 0 | 6,030 | -100.0% | 0 |
| ESAB | CLOSED OUT | 0 | 5,777 | -100.0% | 0 |
| INGR | CLOSED OUT | 0 | 3,285 | -100.0% | 0 |
| ITRI | CLOSED OUT | 0 | 2,400 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 | 104,612,269 | 12.07 | 5471353.0 | |
| MPLX | REDUCED | MPLX LP | COM UNIT REP LTD | 55336V100 | 93,964,974 | 10.84 | 1668116.0 |
| - | PLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 726503105 | 80,709,952 | 9.31 | 3625784.0 | |
| - | ENTERPRISE PRODS PARTNERS L | COM | 293792107 | 67,529,737 | 7.79 | 1837044.0 | |
| - | WESTERN MIDSTREAM PARTNERS L | COM UNIT LP INT | 958669103 | 66,718,509 | 7.7 | 1524646.0 | |
| - | WILLIAMS COS INC | COM | 969457100 | 62,450,952 | 7.2 | 840072.0 | |
| - | TARGA RES CORP | COM | 87612G101 | 51,774,884 | 5.97 | 193089.0 | |
| - | SUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 86765K109 | 46,035,135 | 5.31 | 682002.0 | |
| TRP | ADDED | TC ENERGY CORP | COM | 87807B107 | 44,414,300 | 5.12 | 670000.0 |
| HESM | REDUCED | HESS MIDSTREAM LP | CL A SHS | 428103105 | 43,631,792 | 5.03 | 1160420.0 |
| DTM | UNCHANGED | DT MIDSTREAM INC | COMMON STOCK | 23345M107 | 33,896,793 | 3.91 | 230999.0 |
| - | KINDER MORGAN INC DEL | COM | 49456B101 | 33,461,017 | 3.86 | 1046638.0 | |
| LNG | ADDED | CHENIERE ENERGY INC | COM NEW | 16411R208 | 18,567,492 | 2.14 | 77685.0 |
| OKE | UNCHANGED | ONEOK INC NEW | COM | 682680103 | 13,617,412 | 1.57 | 156630.0 |
| NGL | UNCHANGED | NGL ENERGY PARTNERS LP | COM UNIT REPST | 62913M107 | 13,261,390 | 1.53 | 832479.0 |
| CQP | UNCHANGED | CHENIERE ENERGY PARTNERS L P | COM UNIT | 16411Q101 | 11,831,980 | 1.36 | 194126.0 |
| GLP | UNCHANGED | GLOBAL PARTNERS LP | COM UNITS | 37946R109 | 9,095,952 | 1.05 | 195234.0 |
| SNDK | REDUCED | SANDISK CORP | COM | 80004C200 | 7,730,682 | 0.89 | 3400.0 |
| AM | ADDED | ANTERO MIDSTREAM CORP | COM | 03676B102 | 5,309,463 | 0.61 | 233383.0 |
| - | GENESIS ENERGY L P | UNIT LTD PARTN | 371927104 | 4,863,753 | 0.56 | 343243.0 | |
| GEV | UNCHANGED | GE VERNOVA INC | COM | 36828A101 | 4,639,522 | 0.54 | 3949.0 |
| - | SUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 864482104 | 3,674,174 | 0.42 | 214864.0 | |
| ENB | UNCHANGED | ENBRIDGE INC | COM | 29250N105 | 3,659,175 | 0.42 | 67500.0 |
| Q | ADDED | QNITY ELECTRONICS INC | COMMON STOCK | 74743L100 | 3,266,200 | 0.38 | 20000.0 |
| - | SOLSTICE ADVANCED MATLS INC | COM SHS | 83443Q103 | 2,489,660 | 0.29 | 28100.0 | |
| - | WESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 960417103 | 1,789,704 | 0.21 | 80400.0 | |
| CAT | ADDED | CATERPILLAR INC | COM | 149123101 | 1,429,096 | 0.16 | 1342.0 |
| NEM | UNCHANGED | NEWMONT CORP | COM | 651639106 | 1,421,361 | 0.16 | 15218.0 |
| CR | ADDED | CRANE COMPANY | COMMON STOCK | 224408104 | 1,405,341 | 0.16 | 6300.0 |
| KNTK | UNCHANGED | KINETIK HOLDINGS INC | COM NEW CL A | 02215L209 | 1,329,447 | 0.15 | 27502.0 |
| - | EXXON MOBIL CORP | COM | 30231G102 | 1,327,551 | 0.15 | 9710.0 | |
| SMC | UNCHANGED | SUMMIT MIDSTREAM CORPORATION | COM | 86614G101 | 1,281,600 | 0.15 | 45000.0 |
| PHIN | UNCHANGED | PHINIA INC | COMMON STOCK | 71880K101 | 1,227,313 | 0.14 | 14900.0 |
| - | CF INDUSTRIES HOLD | COM | 125269100 | 1,115,078 | 0.13 | 10300.0 | |
| - | EVERUS CONSTR GROUP | COM | 300426103 | 1,062,080 | 0.12 | 6400.0 | |
| FCX | UNCHANGED | FREEPORT MCMORAN INC | CL B | 35671D857 | 947,627 | 0.11 | 15068.0 |
| SHEL | UNCHANGED | SHELL PLC | SPON ADS | 780259305 | 898,534 | 0.1 | 11588.0 |
| SU | UNCHANGED | SUNCOR ENERGY INC NEW | COM | 867224107 | 880,352 | 0.1 | 16400.0 |
| KEYS | NEW | KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | 875,175 | 0.1 | 2500.0 |
| VLTO | UNCHANGED | VERALTO CORP | COM SHS | 92338C103 | 780,384 | 0.09 | 8800.0 |
| RIO | UNCHANGED | RIO TINTO PLC | SPONSORED ADR | 767204100 | 778,426 | 0.09 | 8200.0 |
| SCCO | ADDED | SOUTHERN COPPER CORP | COM | 84265V105 | 770,055 | 0.09 | 4419.0 |
| - | BHP BILLITON LIMITED | SPONSORED ADS | 088606108 | 749,790 | 0.09 | 9000.0 | |
| AEM | UNCHANGED | AGNICO EAGLE MINES LTD | COM | 008474108 | 746,020 | 0.09 | 4809.0 |
| RAL | NEW | RALLIANT CORP | COM | 750940108 | 736,300 | 0.08 | 10000.0 |
| PH | UNCHANGED | PARKER-HANNIFIN CORP | COM | 701094104 | 714,028 | 0.08 | 730.0 |
| CVX | UNCHANGED | CHEVRON CORPORATION | COM | 166764100 | 696,192 | 0.08 | 4200.0 |
| STLD | UNCHANGED | STEEL DYNAMICS INC | COM | 858119100 | 618,165 | 0.07 | 2694.0 |
| - | MUELLER INDS INC | COM | 624756102 | 605,553 | 0.07 | 4926.0 | |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 602,372 | 0.07 | 16400.0 | |
| - | CONCENTRA GROUP HOLDINGS PAR | COMMON STOCK | 20603L102 | 595,000 | 0.07 | 20000.0 | |
| - | MARATHON PETE CORP | COM | 56585A102 | 585,740 | 0.07 | 2291.0 | |
| NATL | UNCHANGED | NCR ATLEOS CORPORATION | COM SHS | 63001N106 | 551,307 | 0.06 | 12700.0 |
| DKL | UNCHANGED | DELEK LOGISTICS PARTNERS LP | COM UNT RP INT | 24664T103 | 544,211 | 0.06 | 10559.0 |
| LLYVA | UNCHANGED | LIBERTY LIVE HOLDINGS INC | COM SHS SER C | 530909308 | 543,307 | 0.06 | 5143.0 |
| FTV | UNCHANGED | FORTIVE CORP | COM | 34959J108 | 513,156 | 0.06 | 8400.0 |
| SPHR | NEW | SPHERE ENTERTAINMENT CO | CL A | 55826T102 | 501,787 | 0.06 | 2900.0 |
| CEG | UNCHANGED | CONSTELLATION ENERGY CORP | COM | 21037T109 | 493,014 | 0.06 | 1985.0 |
| COP | UNCHANGED | CONOCOPHILLIPS | COM | 20825C104 | 466,988 | 0.05 | 4492.0 |
| E | UNCHANGED | ENI SPA | SPONSORED ADR | 26874R108 | 430,456 | 0.05 | 9186.0 |
| IMO | UNCHANGED | IMPERIAL OIL LTD | COM NEW | 453038408 | 415,594 | 0.05 | 3710.0 |
| TT | UNCHANGED | TRANE TECHNOLOGIES PLC | SHS | G8994E103 | 392,928 | 0.05 | 800.0 |
| CMC | UNCHANGED | COMMERCIAL METALS CO | COM | 201723103 | 389,050 | 0.04 | 6200.0 |
| RS | UNCHANGED | RELIANCE INC | COM | 759509102 | 373,600 | 0.04 | 1000.0 |
| - | VALERO ENERGY CORP | COM | 91913Y100 | 354,198 | 0.04 | 1360.0 | |
| PLD | UNCHANGED | PROLOGIS INC. | COM | 74340W103 | 325,128 | 0.04 | 2400.0 |
| DINO | UNCHANGED | HF SINCLAIR CORP | COM | 403949100 | 320,390 | 0.04 | 4600.0 |
| KEX | NEW | KIRBY CORP | COM | 497266106 | 299,134 | 0.03 | 2200.0 |
| - | FORTREA HLDGS INC | COMMON STOCK | 34965K107 | 295,800 | 0.03 | 17000.0 | |
| - | ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 03938L203 | 289,056 | 0.03 | 4800.0 | |
| RNA | UNCHANGED | ATRIUM THERAPEUTICS INC | COM | 04965N104 | 269,000 | 0.03 | 20000.0 |
| VGNT | NEW | VERSIGENT PLC | ORDINARY SHARES | G9600F104 | 252,060 | 0.03 | 6000.0 |
| - | PAN AMERN SILVER CORP | COM | 697900108 | 249,346 | 0.03 | 5567.0 | |
| - | GE AEROSPACE | COM NEW | 369604301 | 246,662 | 0.03 | 660.0 | |
| HAL | UNCHANGED | HALLIBURTON CO | COM | 406216101 | 244,440 | 0.03 | 7200.0 |
| RIG | NEW | TRANSOCEAN LTD | REGISTERED SHS | H8817H100 | 234,720 | 0.03 | 48000.0 |
| BKR | UNCHANGED | BAKER HUGHES COMPANY | CL A | 05722G100 | 216,450 | 0.02 | 3900.0 |
| GEF | NEW | GREIF INC | CL A | 397624107 | 208,572 | 0.02 | 2800.0 |
| FIP | UNCHANGED | FTAI INFRASTRUCTURE INC | COMMON STOCK | 35953C106 | 153,120 | 0.02 | 33000.0 |
| - | GERDAU SA | SPON ADR REP PFD | 373737105 | 134,387 | 0.02 | 33264.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-23 | 866,883,314 | 80 | 2.542537 | 0.063492 | 5.124639 |
| 2026-03-31 | 2026-04-13 | 845,018,859 | 81 | 2.481686 | 0.06121 | 5.239761 |
| 2025-12-31 | 2026-01-27 | 716,191,230 | 80 | 2.707631 | 0.066622 | 5.360926 |
| 2025-09-30 | 2025-10-27 | 692,667,652 | 77 | 3.039917 | 0.075755 | 6.54999 |
| 2025-03-31 | 2025-05-06 | 719,580,538 | 73 | 3.717247 | 0.097553 | 11.291727 |
| 2024-12-31 | 2025-01-27 | 653,493,271 | 76 | 2.731866 | 0.074369 | 7.877884 |