Ripple Effect Asset Management LP
Long book
$143.6M
Q1 2026
Positions
13
Top-10 weight
95%
concentration
Last quarter
+5.9%
SPY +14.8%
Turnover
50%
of book per quarter
Strategy in plain words
auto-generated from filingsRipple Effect Asset Management LP is a concentrated fundamental stock-picker, specialised in utilities (68% of the long book), running a $143.6M US long book across 13 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: XPLR INFRASTRUCTURE LP, KODIAK GAS SERVICES INC, VISTRA CORP, IVANHOE ELECTRIC INC / US, WILLIAMS COS INC.
Over the last 6 quarters its long book ran on average 5.4pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
+1.1%
Q1 2025
+23.5%
Q2 2025
+7.5%
Q3 2025
-1.7%
Q4 2025
+23.6%
Q1 2026
+5.9%
Sector allocation
Utilities 68%
Materials 16%
Energy 8%
Financials 4%
Other 3%
Long book by quarter
What does Ripple Effect own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| XIFR XPLR INFRASTRUCTURE LP | Utilities | 2.5M | $27.0M | 18.8% | +20.9% |
| KGS KODIAK GAS SERVICES INC | Utilities | 458.0K | $26.7M | 18.6% | -58.2% |
| VST VISTRA CORP | Utilities | 100.0K | $15.0M | 10.5% | New |
| IE IVANHOE ELECTRIC INC / US | Materials | 1.2M | $14.7M | 10.2% | +30.5% |
| WMB WILLIAMS COS INC | Utilities | 162.0K | $11.8M | 8.2% | -50.6% |
| AR ANTERO RESOURCES CORP | Energy | 257.9K | $10.9M | 7.6% | New |
| NEXT NEXTDECADE CORP | Utilities | 1.3M | $10.3M | 7.1% | +123.3% |
| CCJ CAMECO CORP | Materials | 78.2K | $8.5M | 5.9% | -39.9% |
| TLN TALEN ENERGY CORP | Utilities | 22.5K | $7.2M | 5.0% | +125.1% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 38.3K | $5.0M | 3.5% | New |
| WULF TERAWULF INC | Financials | 212.4K | $3.1M | 2.1% | New |
| HUT HUT 8 CORP | Financials | 63.5K | $3.0M | 2.1% | +253.0% |
| BKV BKV CORPORATION | Energy | 19.0K | $542K | 0.4% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 24 | $678.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 25 | $349.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 39 | $511.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 43 | $675.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 21 | $346.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 26 | $360.3M | canonical | SEC ↗ |
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