13F
中
← All fund report cards

Energy Income Partners, LLC

13F equity value
$6.2B
Positions
87
Top 10 concentration
42.3%
Quarters / total new picks
21 / 75
13F equity value over time
$0M$3B$6B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 21 quarters, returned +1.1% per quarter — versus +1.0% per quarter from simply owning every 13F stock. It beat that baseline in only 47.6% of quarters (excess t = 0.67, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.4%
t-stat
0.67
Quarterly win rate
48%
Annualized excess
-0.7%
$1 → follow vs universe
$1.08 vs $1.11
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920191231: universe 0.77320200331: universe 0.93220200630: universe 1.03020201231: universe 1.07720210331: universe 1.08720210930: universe 0.97520211231: universe 0.83020220331: universe 0.89120220630: universe 0.82620221231: universe 0.76720230331: universe 0.80820230930: universe 0.91720231231: universe 0.95820240331: universe 0.98020240630: universe 1.06920240930: universe 1.05920241231: universe 0.98920250331: universe 1.07820251231: universe 1.115 20180331: follow 1.01420180630: follow 0.65320191231: follow 0.57220200331: follow 0.64520200630: follow 0.69720201231: follow 0.77020210331: follow 0.86520210930: follow 0.82120211231: follow 0.92020220331: follow 0.80220220630: follow 0.82020221231: follow 0.78620230331: follow 0.97320230930: follow 1.02720231231: follow 1.02520240331: follow 0.96820240630: follow 0.98420240930: follow 0.93320241231: follow 0.95720250331: follow 0.97720251231: follow 1.075 0.53 0.87 1.20 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 87 · 2026 Q1

Ticker Value Weight QoQ
EPD $520M
8.4%
TRIM
ET $487M
7.8%
HOLD
MPLX $294M
4.7%
TRIM
KMI $249M
4.0%
TRIM
NFG $243M
3.9%
HOLD
PAGP $218M
3.5%
HOLD
SO $166M
2.7%
TRIM
PPL $153M
2.5%
HOLD
OKE $153M
2.5%
ADD
ETR $147M
2.4%
HOLD
DUK $136M
2.2%
TRIM
SRE $130M
2.1%
HOLD
SUN $124M
2.0%
TRIM
AEP $119M
1.9%
ADD
PEG $115M
1.8%
ADD
OGS $115M
1.8%
HOLD
WMB $106M
1.7%
HOLD
EVRG $101M
1.6%
HOLD
CQP $99M
1.6%
TRIM
FE $96M
1.6%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

KBRSUNC

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.