Energy Income Partners, LLC
Long book
$6.22B
Q1 2026
Positions
87
Top-10 weight
42%
concentration
Last quarter
+0.2%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsEnergy Income Partners, LLC is a diversified fundamental manager, specialised in utilities (77% of the long book), running a $6.22B US long book across 87 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ENTERPRISE PRODUCTS PARTNERS, ENERGY TRANSFER LP, MPLX LP, KINDER MORGAN INC, NATIONAL FUEL GAS CO.
Over the last 9 quarters its long book ran on average 0.9pp 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
+4.1%
Q2 2024
+9.5%
Q3 2024
+6.9%
Q4 2024
+6.7%
Q1 2025
-0.4%
Q2 2025
+3.2%
Q3 2025
-0.2%
Q4 2025
+18.4%
Q1 2026
+0.2%
Sector allocation
Utilities 80%
Energy 12%
Industrials 5%
Other 2%
Materials 1%
Technology 0%
Long book by quarter
What does Energy Income own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 13.7M | $519.6M | 8.4% | -7.8% |
| ET ENERGY TRANSFER LP | Utilities | 25.2M | $486.5M | 7.8% | +0.2% |
| MPLX MPLX LP | Energy | 5.2M | $294.3M | 4.7% | -2.7% |
| KMI KINDER MORGAN INC | Utilities | 7.4M | $249.3M | 4.0% | -6.7% |
| NFG NATIONAL FUEL GAS CO | Utilities | 2.6M | $243.3M | 3.9% | +1.1% |
| SO SOUTHERN CO/THE | Utilities | 1.7M | $165.7M | 2.7% | -4.1% |
| PPL PPL CORP | Utilities | 4.0M | $153.4M | 2.5% | +1.2% |
| OKE ONEOK INC | Utilities | 1.7M | $152.6M | 2.5% | +57.6% |
| ETR ENTERGY CORP | Utilities | 1.3M | $146.7M | 2.4% | -0.1% |
| DUK DUKE ENERGY CORP | Utilities | 1.0M | $136.0M | 2.2% | -6.5% |
| SRE SEMPRA | Utilities | 1.3M | $130.5M | 2.1% | +1.5% |
| SUN SUNOCO LP | Energy | 1.9M | $123.5M | 2.0% | -2.8% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 910.1K | $119.3M | 1.9% | +14.8% |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 1.4M | $114.8M | 1.8% | +100.7% |
| OGS ONE GAS INC | Utilities | 1.3M | $114.6M | 1.8% | +1.1% |
| WMB WILLIAMS COS INC | Utilities | 1.5M | $106.1M | 1.7% | +0.9% |
| EVRG EVERGY INC | Utilities | 1.2M | $101.4M | 1.6% | +1.2% |
| CQP CHENIERE ENERGY PARTNERS LP | Utilities | 1.5M | $98.5M | 1.6% | -5.5% |
| FE FIRSTENERGY CORP | Utilities | 1.9M | $96.3M | 1.5% | +12.0% |
| NY4B CLEARWAY ENERGY INC-A | — | 2.4M | $93.9M | 1.5% | +0.6% |
| LNG CHENIERE ENERGY INC | Utilities | 323.2K | $91.7M | 1.5% | -30.9% |
| CNP CENTERPOINT ENERGY INC | Utilities | 2.1M | $91.4M | 1.5% | -2.1% |
| WEC WEC ENERGY GROUP INC | Utilities | 765.6K | $88.6M | 1.4% | +3.0% |
| OGE OGE ENERGY CORP | Utilities | 1.8M | $88.6M | 1.4% | +1.5% |
| DTE DTE ENERGY COMPANY | Utilities | 582.4K | $85.2M | 1.4% | +2.5% |
| TRGP TARGA RESOURCES CORP | Utilities | 326.8K | $81.9M | 1.3% | -42.3% |
| XEL XCEL ENERGY INC | Utilities | 1.0M | $79.5M | 1.3% | +66.4% |
| NJR NEW JERSEY RESOURCES CORP | Utilities | 1.4M | $77.8M | 1.3% | -23.3% |
| NEE NEXTERA ENERGY INC | Utilities | 817.5K | $75.9M | 1.2% | +1.3% |
| D DOMINION ENERGY INC | Utilities | 1.2M | $74.4M | 1.2% | +10.0% |
| VST VISTRA CORP | Utilities | 471.3K | $70.8M | 1.1% | +36.8% |
| PWR QUANTA SERVICES INC | Industrials | 126.2K | $69.3M | 1.1% | -42.3% |
| ATO ATMOS ENERGY CORP | Utilities | 363.3K | $67.1M | 1.1% | +1.0% |
| CMS CMS ENERGY CORP | Utilities | 774.1K | $60.1M | 1.0% | +7.3% |
| GNRC GENERAC HOLDINGS INC | Industrials | 303.0K | $59.2M | 1.0% | -42.6% |
| LNT ALLIANT ENERGY CORP | Utilities | 809.6K | $58.1M | 0.9% | +0.9% |
| AEE AMEREN CORPORATION | Utilities | 527.8K | $58.0M | 0.9% | +6.6% |
| DTM DT MIDSTREAM INC | Utilities | 429.9K | $57.9M | 0.9% | +1.0% |
| IDA IDACORP INC | Utilities | 394.0K | $56.3M | 0.9% | +0.8% |
| TRP TC ENERGY CORP | Utilities | 884.3K | $55.4M | 0.9% | -19.2% |
| ENB ENBRIDGE INC | Energy | 977.6K | $52.9M | 0.9% | -4.0% |
| CMI CUMMINS INC | Industrials | 94.3K | $50.7M | 0.8% | -43.1% |
| AROC ARCHROCK INC | Utilities | 1.4M | $48.5M | 0.8% | -13.5% |
| UGI UGI CORP | Utilities | 1.3M | $46.7M | 0.8% | +3.2% |
| XOM EXXON MOBIL CORP | Energy | 268.7K | $45.6M | 0.7% | -59.9% |
| SR SPIRE INC | Utilities | 402.3K | $36.4M | 0.6% | +1.6% |
| WLKP WESTLAKE CHEMICAL PARTNERS L | Other | 1.6M | $34.9M | 0.6% | +1.1% |
| CEG CONSTELLATION ENERGY | Utilities | 109.9K | $30.7M | 0.5% | +106.0% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 1.3M | $29.6M | 0.5% | -1.2% |
| EOG EOG RESOURCES INC | Energy | 195.9K | $28.3M | 0.5% | +28.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 168 | $6.22B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 173 | $5.52B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 176 | $5.19B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 179 | $5.10B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 181 | $5.23B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 177 | $4.87B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 173 | $4.66B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 160 | $4.49B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 163 | $4.89B | canonical | SEC ↗ |
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