ECP ControlCo, LLC

Fundamental diversified ★Signal utilities specialist (99%) CIK 1707921
Long book
$6.34B
Q1 2026
Positions
4
Top-10 weight
100%
concentration
Last quarter
-13.9%
SPY +14.8%
Turnover
40%
of book per quarter

Strategy in plain words

auto-generated from filings

ECP ControlCo, LLC is a diversified fundamental manager, specialised in utilities (99% of the long book), running a $6.34B US long book across 4 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CONSTELLATION ENERGY, P G & E CORP, SHENANDOAH TELECOMMUNICATION, CLEAN ENERGY FUELS CORP.

Over the last 9 quarters its long book ran on average 6.4pp 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
-11.0%
Q2 2024
-3.6%
Q3 2024
+11.3%
Q4 2024
-12.9%
Q1 2025
-12.7%
Q2 2025
+12.5%
Q3 2025
-0.5%
Q4 2025
+13.7%
Q1 2026
-13.9%

Sector allocation

Utilities
99%
Communications
1%

Long book by quarter

$362.7M
Q1 2024
$323.8M
Q2 2024
$328.6M
Q3 2024
$259.6M
Q4 2024
$242.8M
Q1 2025
$215.3M
Q2 2025
$251.0M
Q3 2025
$204.9M
Q4 2025
$6.34B
Q1 2026

What does ECP ControlCo, own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
CEG CONSTELLATION ENERGYUtilities22.0M$6.16B97.1%New
PCG P G & E CORPUtilities7.1M$125.2M2.0%Held
SHEN SHENANDOAH TELECOMMUNICATIONCommunications3.5M$53.3M0.8%Held
CLNE CLEAN ENERGY FUELS CORPUtilities2.6M$6.4M0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 20264$6.34B canonicalSEC ↗
Q4 202513F-HRFeb 17, 20264$204.9M canonicalSEC ↗
Q3 202513F-HR/ARESTATEMENTFeb 17, 20264$205.2M canonicalSEC ↗
Q3 202513F-HR/ANEW HOLDINGSFeb 17, 20261$45.8M canonicalSEC ↗
Q3 202513F-HRNov 14, 20253$159.5Mconfidential SEC ↗
Q2 202513F-HR/ANEW HOLDINGSFeb 17, 20261$36.9M canonicalSEC ↗
Q2 202513F-HR/ARESTATEMENTFeb 17, 20264$178.4M canonicalSEC ↗
Q2 202513F-HRAug 14, 20253$141.5Mconfidential SEC ↗
Q1 202513F-HR/ARESTATEMENTFeb 17, 20264$200.0M canonicalSEC ↗
Q1 202513F-HR/ANEW HOLDINGSFeb 17, 20261$42.8M canonicalSEC ↗
Q1 202513F-HRMay 15, 20253$157.3Mconfidential SEC ↗
Q4 202413F-HRFeb 14, 20254$259.6M canonicalSEC ↗
Q3 202413F-HRNov 14, 20246$328.6M canonicalSEC ↗
Q2 202413F-HRAug 14, 20247$323.8M canonicalSEC ↗
Q1 202413F-HRMay 15, 20247$362.7M canonicalSEC ↗