CHICKASAW CAPITAL MANAGEMENT LLC
Long book
$2.83B
Q1 2026
Positions
95
Top-10 weight
83%
concentration
Last quarter
+1.4%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsCHICKASAW CAPITAL MANAGEMENT LLC is a diversified fundamental manager, specialised in utilities (69% of the long book), running a $2.83B US long book across 95 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: TARGA RESOURCES CORP, ENERGY TRANSFER LP, MPLX LP, WESTERN MIDSTREAM PARTNERS L, WILLIAMS COS INC.
Over the last 9 quarters its long book ran on average 1.4pp per quarter ahead of the S&P 500, beating the index in 4 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
+7.8%
Q2 2024
+5.2%
Q3 2024
+11.7%
Q4 2024
+8.0%
Q1 2025
-3.2%
Q2 2025
-0.7%
Q3 2025
+1.8%
Q4 2025
+20.8%
Q1 2026
+1.4%
Sector allocation
Utilities 74%
Energy 19%
Technology 3%
Consumer discretionary 1%
Services media 1%
Financials 1%
Other 0%
Healthcare 0%
Long book by quarter
What does CHICKASAW CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TRGP TARGA RESOURCES CORP | Utilities | 1.8M | $442.5M | 15.6% | -3.8% |
| ET ENERGY TRANSFER LP | Utilities | 15.5M | $299.0M | 10.6% | 0.0% |
| MPLX MPLX LP | Energy | 5.2M | $298.1M | 10.5% | -3.8% |
| WES WESTERN MIDSTREAM PARTNERS L | Utilities | 5.6M | $229.6M | 8.1% | -1.4% |
| WMB WILLIAMS COS INC | Utilities | 3.0M | $218.7M | 7.7% | -1.5% |
| OKE ONEOK INC | Utilities | 2.3M | $212.2M | 7.5% | -13.4% |
| LNG CHENIERE ENERGY INC | Utilities | 730.6K | $207.3M | 7.3% | +1.5% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 4.8M | $181.6M | 6.4% | -0.1% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 2.7M | $59.3M | 2.1% | -2.5% |
| DTM DT MIDSTREAM INC | Utilities | 391.3K | $52.7M | 1.9% | +39.8% |
| PSX PHILLIPS 66 | Energy | 270.2K | $49.2M | 1.7% | +87.9% |
| GEL GENESIS ENERGY L.P. | Energy | 2.7M | $47.6M | 1.7% | -4.6% |
| AAPL APPLE INC | Technology | 126.8K | $32.2M | 1.1% | -0.8% |
| AM ANTERO MIDSTREAM CORP | Utilities | 1.3M | $30.7M | 1.1% | -4.4% |
| KNTK KINETIK HOLDINGS INC | Utilities | 590.3K | $28.6M | 1.0% | -48.1% |
| KMI KINDER MORGAN INC | Utilities | 797.2K | $26.7M | 0.9% | +0.6% |
| SUN SUNOCO LP | Energy | 203.1K | $13.2M | 0.5% | -10.6% |
| WMT WALMART INC | Consumer discretionary | 90.1K | $11.2M | 0.4% | -1.6% |
| NVDA NVIDIA CORP | Technology | 63.9K | $11.1M | 0.4% | -0.4% |
| MSFT MICROSOFT CORP | Technology | 28.2K | $10.4M | 0.4% | +0.2% |
| ENB ENBRIDGE INC | Energy | 176.3K | $9.5M | 0.3% | -0.5% |
| KKR KKR & CO INC | Financials | 100.3K | $9.3M | 0.3% | -0.6% |
| V VISA INC-CLASS A SHARES | Services media | 28.5K | $8.6M | 0.3% | -1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 26.3K | $7.6M | 0.3% | +0.1% |
| OAKC OAKWORTH CAPITAL INC | — | 197.7K | $7.3M | 0.3% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 32.7K | $6.8M | 0.2% | +0.1% |
| AZO AUTOZONE INC | Consumer discretionary | 2.0K | $6.6M | 0.2% | -0.3% |
| MA MASTERCARD INC - A | Services media | 12.1K | $6.1M | 0.2% | -0.1% |
| JNJ JOHNSON & JOHNSON | Healthcare | 20.1K | $4.9M | 0.2% | +14.3% |
| GOOG ALPHABET INC-CL C | Technology | 16.8K | $4.8M | 0.2% | -1.3% |
| META META PLATFORMS INC-CLASS A | Technology | 7.7K | $4.4M | 0.2% | +0.7% |
| USAC USA COMPRESSION PARTNERS LP | Utilities | 139.0K | $3.8M | 0.1% | New |
| ORCL ORACLE CORP | Technology | 23.4K | $3.4M | 0.1% | +1.0% |
| KO COCA-COLA CO/THE | Consumer staples | 40.4K | $3.1M | 0.1% | -0.3% |
| BATRA ATLANTA BRAVES HOLDINGS IN-A | Services media | 62.7K | $3.0M | 0.1% | -0.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 9.9K | $2.7M | 0.1% | +0.4% |
| XOM EXXON MOBIL CORP | Energy | 14.8K | $2.5M | 0.1% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 34.8K | $2.5M | 0.1% | -3.7% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 14.2K | $2.3M | 0.1% | Held |
| GE GENERAL ELECTRIC | Industrials | 8.1K | $2.3M | 0.1% | -6.2% |
| HWC HANCOCK WHITNEY CORP | Financials | 33.0K | $2.1M | 0.1% | Held |
| HCA HCA HEALTHCARE INC | Healthcare | 4.4K | $2.1M | 0.1% | -3.5% |
| GEV GE VERNOVA INC | Industrials | 2.3K | $2.0M | 0.1% | -6.0% |
| BX BLACKSTONE INC | Financials | 16.8K | $1.9M | 0.1% | 0.0% |
| 005930 SAMSUNG ELECTRONICS CO LTD | — | 15.0K | $1.6M | 0.1% | Held |
| SBUX STARBUCKS CORP | Consumer discretionary | 18.1K | $1.6M | 0.1% | -0.3% |
| CVX CHEVRON CORP | Energy | 7.4K | $1.5M | 0.1% | -1.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 9.5K | $1.4M | 0.0% | -1.5% |
| INTC INTEL CORP | Technology | 28.2K | $1.2M | 0.0% | Held |
| CAT CATERPILLAR INC | Industrials | 1.5K | $1.1M | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 13, 2026 | 95 | $2.83B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 93 | $2.43B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 7, 2025 | 93 | $2.45B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 10, 2025 | 95 | $2.52B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 94 | $2.60B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 7, 2025 | 96 | $2.47B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 10, 2024 | 100 | $2.34B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 8, 2024 | 98 | $2.25B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 5, 2024 | 96 | $2.09B | $K fixed canonical | SEC ↗ |
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