Filed: 5/6/2025ACC: 0001667731-25-000594
📋 What this filing means
FRACTAL INVESTMENTS LLC filed this quarterly 13F‑HR report disclosing 73 equity positions with a total reported market value of $719.58M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
73
Positions
$719.58M
Total AUM (reported)
20.69M
Total Shares
Allocation by class
COM$249.91M34.7%
COM UNIT REP LTD$120.77M16.8%
COM UT LTD PTN$93.13M12.9%
UNIT LTD PARTN$86.55M12.0%
COM UNIT LP INT$60.11M8.4%
COM UT REP LP$32.09M4.5%
COM NEW$17.49M2.4%
Portfolio Concentration
Top 3$290.55M40.4%
4–10$302.72M42.1%
11–25$105.51M14.7%
Rest$20.80M2.9%
Top 3 weight
40.4%
Top 10 weight
82.4%
Voting Authority Distribution
Total shares with voting rights: 20.69M
Sole
Full voting authority
20.69M
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)
Sole73
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings73
Rows:
MPLX LP
SOLEShares2.26M
TypeSH
Market value$120.77M
16.78%
Sole
2.26M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares5.01M
TypeSH
Market value$93.13M
12.94%
Sole
5.01M
Shared
0.00
None
0.00
PLAINS ALL AMERN PIPELINE L
SOLEShares3.83M
TypeSH
Market value$76.65M
10.65%
Sole
3.83M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares2.08M
TypeSH
Market value$70.98M
9.86%
Sole
2.08M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.47M
TypeSH
Market value$60.11M
8.35%
Sole
1.47M
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares426.29K
TypeSH
Market value$42.30M
5.88%
Sole
426.29K
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares591.50K
TypeSH
Market value$35.35M
4.91%
Sole
591.50K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares552.77K
TypeSH
Market value$32.09M
4.46%
Sole
552.77K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares158.42K
TypeSH
Market value$31.76M
4.41%
Sole
158.42K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.06M
TypeSH
Market value$30.13M
4.19%
Sole
1.06M
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares483K
TypeSH
Market value$22.80M
3.17%
Sole
483K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares75.58K
TypeSH
Market value$17.49M
2.43%
Sole
75.58K
Shared
0.00
None
0.00
CHENIERE ENERGY PARTNERS LP
SOLEShares194.13K
TypeSH
Market value$12.82M
1.78%
Sole
194.13K
Shared
0.00
None
0.00
GLOBAL PARTNERS LP
SOLEShares195.23K
TypeSH
Market value$10.42M
1.45%
Sole
195.23K
Shared
0.00
None
0.00
HESS MIDSTREAM LP
SOLEShares235.25K
TypeSH
Market value$9.95M
1.38%
Sole
235.25K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares99.30K
TypeSH
Market value$9.58M
1.33%
Sole
99.30K
Shared
0.00
None
0.00
GENESIS ENERGY L P
SOLEShares343.24K
TypeSH
Market value$5.39M
0.75%
Sole
343.24K
Shared
0.00
None
0.00
SUBURBAN PROPANE PARTNERS L
SOLEShares214.86K
TypeSH
Market value$4.51M
0.63%
Sole
214.86K
Shared
0.00
None
0.00
NGL ENERGY PARTNERS LP
SOLEShares832.48K
TypeSH
Market value$3.78M
0.53%
Sole
832.48K
Shared
0.00
None
0.00
WESTLAKE CHEM PARTNERS LP
SOLEShares80.40K
TypeSH
Market value$1.86M
0.26%
Sole
80.40K
Shared
0.00
None
0.00
GE VERNOVA INC
SOLEShares6K
TypeSH
Market value$1.83M
0.25%
Sole
6K
Shared
0.00
None
0.00
SUMMIT MIDSTREAM CORPORATION
SOLEShares45K
TypeSH
Market value$1.53M
0.21%
Sole
45K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares27.50K
TypeSH
Market value$1.43M
0.20%
Sole
27.50K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares5.50K
TypeSH
Market value$1.11M
0.15%
Sole
5.50K
Shared
0.00
None
0.00
GE HEALTHCARE TECHNOLOGIES I
SOLEShares12.60K
TypeSH
Market value$1.02M
0.14%
Sole
12.60K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MPLX LPSOLE | COM UNIT REP LTD | 2.26M | SH | $120.77M 16.78% | 2.26M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 5.01M | SH | $93.13M 12.94% | 5.01M | 0.00 | 0.00 |
PLAINS ALL AMERN PIPELINE LSOLE | UNIT LTD PARTN | 3.83M | SH | $76.65M 10.65% | 3.83M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 2.08M | SH | $70.98M 9.86% | 2.08M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.47M | SH | $60.11M 8.35% | 1.47M | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 426.29K | SH | $42.30M 5.88% | 426.29K | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 591.50K | SH | $35.35M 4.91% | 591.50K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 552.77K | SH | $32.09M 4.46% | 552.77K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 158.42K | SH | $31.76M 4.41% | 158.42K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.06M | SH | $30.13M 4.19% | 1.06M | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 483K | SH | $22.80M 3.17% | 483K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 75.58K | SH | $17.49M 2.43% | 75.58K | 0.00 | 0.00 |
CHENIERE ENERGY PARTNERS LPSOLE | COM UNIT | 194.13K | SH | $12.82M 1.78% | 194.13K | 0.00 | 0.00 |
GLOBAL PARTNERS LPSOLE | COM UNITS | 195.23K | SH | $10.42M 1.45% | 195.23K | 0.00 | 0.00 |
HESS MIDSTREAM LPSOLE | CL A SHS | 235.25K | SH | $9.95M 1.38% | 235.25K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 99.30K | SH | $9.58M 1.33% | 99.30K | 0.00 | 0.00 |
GENESIS ENERGY L PSOLE | UNIT LTD PARTN | 343.24K | SH | $5.39M 0.75% | 343.24K | 0.00 | 0.00 |
SUBURBAN PROPANE PARTNERS LSOLE | UNIT LTD PARTN | 214.86K | SH | $4.51M 0.63% | 214.86K | 0.00 | 0.00 |
NGL ENERGY PARTNERS LPSOLE | COM UNIT REPST | 832.48K | SH | $3.78M 0.53% | 832.48K | 0.00 | 0.00 |
WESTLAKE CHEM PARTNERS LPSOLE | COM UNIT RP LP | 80.40K | SH | $1.86M 0.26% | 80.40K | 0.00 | 0.00 |
GE VERNOVA INCSOLE | COM | 6K | SH | $1.83M 0.25% | 6K | 0.00 | 0.00 |
SUMMIT MIDSTREAM CORPORATIONSOLE | COM | 45K | SH | $1.53M 0.21% | 45K | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 27.50K | SH | $1.43M 0.20% | 27.50K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 5.50K | SH | $1.11M 0.15% | 5.50K | 0.00 | 0.00 |
GE HEALTHCARE TECHNOLOGIES ISOLE | COMMON STOCK | 12.60K | SH | $1.02M 0.14% | 12.60K | 0.00 | 0.00 |
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