Filed: 1/27/2025ACC: 0001667731-25-000142
📋 What this filing means
FRACTAL INVESTMENTS LLC filed this quarterly 13F‑HR report disclosing 76 equity positions with a total reported market value of $653.49M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
76
Positions
$653.49M
Total AUM (reported)
22.04M
Total Shares
Allocation by class
COM$210.46M32.2%
COM UNIT REP LTD$121.65M18.6%
COM UT LTD PTN$98.14M15.0%
UNIT LTD PARTN$72.05M11.0%
COM UNIT LP INT$56.40M8.6%
COM UT REP LP$28.43M4.4%
COMMON STOCK$13.90M2.1%
Portfolio Concentration
Top 3$254.93M39.0%
4–10$268.80M41.1%
11–25$107.70M16.5%
Rest$22.06M3.4%
Top 3 weight
39.0%
Top 10 weight
80.1%
Voting Authority Distribution
Total shares with voting rights: 22.04M
Sole
Full voting authority
22.04M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole76
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings76
Rows:
ENERGY TRANSFER L P
SOLEShares5.01M
TypeSH
Market value$98.14M
15.02%
Sole
5.01M
Shared
0.00
None
0.00
MPLX LP
SOLEShares1.91M
TypeSH
Market value$91.45M
13.99%
Sole
1.91M
Shared
0.00
None
0.00
PLAINS ALL AMERN PIPELINE L
SOLEShares3.83M
TypeSH
Market value$65.34M
10.00%
Sole
3.83M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares2.08M
TypeSH
Market value$65.20M
9.98%
Sole
2.08M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.47M
TypeSH
Market value$56.40M
8.63%
Sole
1.47M
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.15M
TypeSH
Market value$31.52M
4.82%
Sole
1.15M
Shared
0.00
None
0.00
ENLINK MIDSTREAM LLC
SOLEShares2.13M
TypeSH
Market value$30.20M
4.62%
Sole
2.13M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares531.50K
TypeSH
Market value$28.76M
4.40%
Sole
531.50K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares552.77K
TypeSH
Market value$28.43M
4.35%
Sole
552.77K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares158.42K
TypeSH
Market value$28.28M
4.33%
Sole
158.42K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares224.08K
TypeSH
Market value$22.50M
3.44%
Sole
224.08K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares344K
TypeSH
Market value$16.01M
2.45%
Sole
344K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares59.20K
TypeSH
Market value$12.72M
1.95%
Sole
59.20K
Shared
0.00
None
0.00
CHENIERE ENERGY PARTNERS LP
SOLEShares194.13K
TypeSH
Market value$10.31M
1.58%
Sole
194.13K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares99.30K
TypeSH
Market value$9.87M
1.51%
Sole
99.30K
Shared
0.00
None
0.00
GLOBAL PARTNERS LP
SOLEShares195.23K
TypeSH
Market value$9.09M
1.39%
Sole
195.23K
Shared
0.00
None
0.00
HESS MIDSTREAM LP
SOLEShares235.25K
TypeSH
Market value$8.71M
1.33%
Sole
235.25K
Shared
0.00
None
0.00
NGL ENERGY PARTNERS LP
SOLEShares832.48K
TypeSH
Market value$4.15M
0.64%
Sole
832.48K
Shared
0.00
None
0.00
SUBURBAN PROPANE PARTNERS L
SOLEShares214.86K
TypeSH
Market value$3.70M
0.57%
Sole
214.86K
Shared
0.00
None
0.00
GENESIS ENERGY L P
SOLEShares297.52K
TypeSH
Market value$3.01M
0.46%
Sole
297.52K
Shared
0.00
None
0.00
GE VERNOVA INC
SOLEShares6K
TypeSH
Market value$1.97M
0.30%
Sole
6K
Shared
0.00
None
0.00
SUMMIT MIDSTREAM CORPORATION
SOLEShares45K
TypeSH
Market value$1.70M
0.26%
Sole
45K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares27.50K
TypeSH
Market value$1.56M
0.24%
Sole
27.50K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares5.50K
TypeSH
Market value$1.23M
0.19%
Sole
5.50K
Shared
0.00
None
0.00
SOUTH BOW CORP
SOLEShares49.80K
TypeSH
Market value$1.17M
0.18%
Sole
49.80K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 5.01M | SH | $98.14M 15.02% | 5.01M | 0.00 | 0.00 |
MPLX LPSOLE | COM UNIT REP LTD | 1.91M | SH | $91.45M 13.99% | 1.91M | 0.00 | 0.00 |
PLAINS ALL AMERN PIPELINE LSOLE | UNIT LTD PARTN | 3.83M | SH | $65.34M 10.00% | 3.83M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 2.08M | SH | $65.20M 9.98% | 2.08M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.47M | SH | $56.40M 8.63% | 1.47M | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.15M | SH | $31.52M 4.82% | 1.15M | 0.00 | 0.00 |
ENLINK MIDSTREAM LLCSOLE | COM UNIT REP LTD | 2.13M | SH | $30.20M 4.62% | 2.13M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 531.50K | SH | $28.76M 4.40% | 531.50K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 552.77K | SH | $28.43M 4.35% | 552.77K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 158.42K | SH | $28.28M 4.33% | 158.42K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 224.08K | SH | $22.50M 3.44% | 224.08K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 344K | SH | $16.01M 2.45% | 344K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 59.20K | SH | $12.72M 1.95% | 59.20K | 0.00 | 0.00 |
CHENIERE ENERGY PARTNERS LPSOLE | COM UNIT | 194.13K | SH | $10.31M 1.58% | 194.13K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 99.30K | SH | $9.87M 1.51% | 99.30K | 0.00 | 0.00 |
GLOBAL PARTNERS LPSOLE | COM UNITS | 195.23K | SH | $9.09M 1.39% | 195.23K | 0.00 | 0.00 |
HESS MIDSTREAM LPSOLE | CL A SHS | 235.25K | SH | $8.71M 1.33% | 235.25K | 0.00 | 0.00 |
NGL ENERGY PARTNERS LPSOLE | COM UNIT REPST | 832.48K | SH | $4.15M 0.64% | 832.48K | 0.00 | 0.00 |
SUBURBAN PROPANE PARTNERS LSOLE | UNIT LTD PARTN | 214.86K | SH | $3.70M 0.57% | 214.86K | 0.00 | 0.00 |
GENESIS ENERGY L PSOLE | UNIT LTD PARTN | 297.52K | SH | $3.01M 0.46% | 297.52K | 0.00 | 0.00 |
GE VERNOVA INCSOLE | COM | 6K | SH | $1.97M 0.30% | 6K | 0.00 | 0.00 |
SUMMIT MIDSTREAM CORPORATIONSOLE | COM | 45K | SH | $1.70M 0.26% | 45K | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 27.50K | SH | $1.56M 0.24% | 27.50K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 5.50K | SH | $1.23M 0.19% | 5.50K | 0.00 | 0.00 |
SOUTH BOW CORPSOLE | COM | 49.80K | SH | $1.17M 0.18% | 49.80K | 0.00 | 0.00 |
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