Zimmer Partners, LP
Long book
$3.95B
Q1 2026
Positions
119
Top-10 weight
48%
concentration
Last quarter
+7.7%
SPY +14.8%
Turnover
53%
of book per quarter
Strategy in plain words
auto-generated from filingsZimmer Partners, LP is a diversified fundamental manager, running a $3.95B US long book across 119 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: AGREE REALTY CORP, NISOURCE INC, EVERSOURCE ENERGY, WELLTOWER INC, XCEL ENERGY INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter ahead of 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
+3.5%
Q2 2024
+15.2%
Q3 2024
+0.7%
Q4 2024
+5.0%
Q1 2025
-0.2%
Q2 2025
+6.9%
Q3 2025
+1.4%
Q4 2025
+10.9%
Q1 2026
+7.7%
Sector allocation
Utilities 67%
Industrials 16%
Energy 4%
Consumer discretionary 4%
Financials 3%
Services media 2%
Materials 1%
Technology 1%
Long book by quarter
What does Zimmer Partners, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NI NISOURCE INC | Utilities | 5.1M | $240.0M | 6.1% | +32.9% |
| ES EVERSOURCE ENERGY | Utilities | 3.3M | $231.6M | 5.9% | -13.0% |
| XEL XCEL ENERGY INC | Utilities | 2.6M | $208.9M | 5.3% | -4.0% |
| TRGP TARGA RESOURCES CORP | Utilities | 794.9K | $199.3M | 5.0% | +1.7% |
| KMI KINDER MORGAN INC | Utilities | 5.7M | $192.3M | 4.9% | +42.8% |
| KGS KODIAK GAS SERVICES INC | Utilities | 2.4M | $138.9M | 3.5% | -44.2% |
| PCG P G & E CORP | Utilities | 6.4M | $112.8M | 2.9% | -11.9% |
| ETR ENTERGY CORP | Utilities | 928.6K | $104.3M | 2.6% | -44.1% |
| IDA IDACORP INC | Utilities | 723.7K | $103.5M | 2.6% | -9.6% |
| WEC WEC ENERGY GROUP INC | Utilities | 833.8K | $96.5M | 2.4% | New |
| TXNM TXNM ENERGY INC | Utilities | 1.5M | $89.6M | 2.3% | -17.7% |
| SRE SEMPRA | Utilities | 699.6K | $68.0M | 1.7% | -50.4% |
| HTO H2O AMERICA | Utilities | 1.0M | $58.7M | 1.5% | +2184.6% |
| DUK DUKE ENERGY CORP | Utilities | 437.9K | $57.3M | 1.5% | -31.9% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 2.0M | $57.1M | 1.4% | New |
| BKV BKV CORPORATION | Energy | 1.9M | $55.5M | 1.4% | +290.0% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 783.1K | $55.2M | 1.4% | +770.2% |
| SWX SOUTHWEST GAS HOLDINGS INC | Utilities | 606.9K | $52.7M | 1.3% | +228.4% |
| BKH BLACK HILLS CORP | Utilities | 741.0K | $51.4M | 1.3% | +168.5% |
| PNW PINNACLE WEST CAPITAL | Utilities | 500.1K | $50.4M | 1.3% | +266.5% |
| CRH CRH PLC | Industrials | 400.0K | $42.0M | 1.1% | +400.0% |
| GE GENERAL ELECTRIC | Industrials | 130.0K | $36.9M | 0.9% | +550.0% |
| VNOM VIPER ENERGY INC-CL A | Energy | 770.0K | $36.2M | 0.9% | -55.7% |
| LOAR LOAR HOLDINGS INC | Industrials | 572.5K | $32.8M | 0.8% | +108.2% |
| D DOMINION ENERGY INC | Utilities | 500.0K | $30.9M | 0.8% | New |
| NEE NEXTERA ENERGY INC | Utilities | 609.3K | $30.7M | 0.8% | New |
| QXO QXO INC | Consumer discretionary | 1.6M | $30.6M | 0.8% | +162.5% |
| VSEC VSE CORP | Services media | 160.5K | $29.6M | 0.7% | New |
| RYAN RYAN SPECIALTY HOLDINGS INC | Financials | 875.0K | $29.5M | 0.7% | -12.5% |
| APH AMPHENOL CORP-CL A | Technology | 231.5K | $29.3M | 0.7% | New |
| TDG TRANSDIGM GROUP INC | Industrials | 25.0K | $29.0M | 0.7% | -14.5% |
| JRVR JAMES RIVER GROUP HOLDINGS I | Financials | 4.6M | $28.9M | 0.7% | Held |
| NVT NVENT ELECTRIC PLC | Industrials | 235.5K | $27.9M | 0.7% | -37.2% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 332.5K | $27.4M | 0.7% | +92.8% |
| WM WASTE MANAGEMENT INC | Utilities | 115.0K | $26.4M | 0.7% | +4.5% |
| EME EMCOR GROUP INC | Industrials | 35.0K | $25.8M | 0.7% | +112.1% |
| ALH ALLIANCE LAUNDRY HOLDINGS IN | Industrials | 1.1M | $23.7M | 0.6% | +20.5% |
| WHR WHIRLPOOL CORP | Industrials | 430.5K | $23.2M | 0.6% | New |
| PH PARKER HANNIFIN CORP | Industrials | 25.0K | $22.4M | 0.6% | -16.7% |
| YORW YORK WATER CO | Utilities | 732.7K | $22.3M | 0.6% | -1.2% |
| SARO STANDARDAERO INC | Industrials | 850.0K | $22.0M | 0.6% | +135.5% |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 430.0K | $21.2M | 0.5% | +115.0% |
| CWST CASELLA WASTE SYSTEMS INC-A | Utilities | 257.7K | $20.4M | 0.5% | +1596.0% |
| CNP CENTERPOINT ENERGY INC | Utilities | 443.5K | $19.1M | 0.5% | -55.9% |
| USAR USA RARE EARTH INC | Materials | 1.2M | $17.4M | 0.4% | New |
| PNR PENTAIR PLC | Industrials | 200.0K | $17.4M | 0.4% | New |
| AZO AUTOZONE INC | Consumer discretionary | 5.0K | $16.9M | 0.4% | -64.3% |
| SM SM ENERGY CO | Energy | 532.5K | $16.6M | 0.4% | New |
| CPAY CORPAY INC | Services media | 56.0K | $16.3M | 0.4% | +7.7% |
| LNG CHENIERE ENERGY INC | Utilities | 55.0K | $15.6M | 0.4% | -82.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 127 | $4.15B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 119 | $3.80B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 148 | $4.63B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 164 | $4.60B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 183 | $5.30B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 147 | $5.80B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 148 | $5.48B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 154 | $5.42B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 131 | $4.68B | canonical | SEC ↗ |
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