ATLAS Infrastructure Partners (UK) Ltd.

Fundamental diversified ★Signal utilities specialist (85%) CIK 1924953
Long book
$2.84B
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
+5.6%
SPY +14.8%
Turnover
20%
of book per quarter

Strategy in plain words

auto-generated from filings

ATLAS Infrastructure Partners (UK) Ltd. is a diversified fundamental manager, specialised in utilities (85% of the long book), running a $2.84B US long book across 9 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: PINNACLE WEST CAPITAL, EMERA INC, CONSOLIDATED EDISON INC, PUBLIC SERVICE ENTERPRISE GP, EDISON INTERNATIONAL.

Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+18.7%
Q3 2024
-4.7%
Q4 2024
-2.3%
Q1 2025
-8.9%
Q2 2025
+5.0%
Q3 2025
+2.4%
Q4 2025
+11.3%
Q1 2026
+5.6%

Sector allocation

Utilities
91%
Industrials
9%

Long book by quarter

$1.48B
Q1 2024
$1.20B
Q2 2024
$1.44B
Q3 2024
$416.5M
Q4 2024
$1.42B
Q1 2025
$1.40B
Q2 2025
$1.86B
Q3 2025
$1.99B
Q4 2025
$2.84B
Q1 2026

What does ATLAS Infrastructure own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
PNW PINNACLE WEST CAPITALUtilities5.1M$511.2M18.0%+13.7%
EMA EMERA INCUtilities9.0M$465.1M16.4%+52.6%
ED CONSOLIDATED EDISON INCUtilities3.0M$344.9M12.1%+7.3%
PEG PUBLIC SERVICE ENTERPRISE GPUtilities4.0M$327.2M11.5%+38.7%
EIX EDISON INTERNATIONALUtilities3.6M$266.5M9.4%-6.6%
HTO H2O AMERICAUtilities4.5M$265.9M9.4%+675.9%
UNP UNION PACIFIC CORPIndustrials1.0M$246.4M8.7%+11.6%
PCG P G & E CORPUtilities13.3M$234.4M8.3%-5.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20269$2.84B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20269$1.99B canonicalSEC ↗
Q3 202513F-HRNov 14, 20259$1.86B canonicalSEC ↗
Q2 202513F-HRAug 14, 20257$1.40B canonicalSEC ↗
Q1 202513F-HRMay 15, 20256$1.42B canonicalSEC ↗
Q4 202413F-HRFeb 14, 20256$416.5M canonicalSEC ↗
Q3 202413F-HRNov 14, 20245$1.44B canonicalSEC ↗
Q2 202413F-HRAug 12, 20246$1.20B canonicalSEC ↗
Q1 202413F-HRMay 13, 20246$1.48B canonicalSEC ↗