Filed: 7/7/2025ACC: 0001667731-25-000742
📋 What this filing means
FRACTAL INVESTMENTS LLC filed this quarterly 13F‑HR report disclosing 76 equity positions with a total reported market value of $700.95M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
76
Positions
$700.95M
Total AUM (reported)
20.93M
Total Shares
Allocation by class
COM$229.21M32.7%
COM UNIT REP LTD$116.23M16.6%
COM UT LTD PTN$90.99M13.0%
UNIT LTD PARTN$80.11M11.4%
COM UNIT LP INT$56.79M8.1%
COM UT REP LP$33.04M4.7%
COMMON STOCK$29.12M4.2%
Portfolio Concentration
Top 3$277.44M39.6%
4–10$277.35M39.6%
11–25$123.10M17.6%
Rest$23.07M3.3%
Top 3 weight
39.6%
Top 10 weight
79.1%
Voting Authority Distribution
Total shares with voting rights: 20.93M
Sole
Full voting authority
20.93M
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:
MPLX LP
SOLEShares2.26M
TypeSH
Market value$116.23M
16.58%
Sole
2.26M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares5.02M
TypeSH
Market value$90.99M
12.98%
Sole
5.02M
Shared
0.00
None
0.00
PLAINS ALL AMERN PIPELINE L
SOLEShares3.83M
TypeSH
Market value$70.21M
10.02%
Sole
3.83M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.94M
TypeSH
Market value$60.07M
8.57%
Sole
1.94M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.47M
TypeSH
Market value$56.79M
8.10%
Sole
1.47M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares591.50K
TypeSH
Market value$37.15M
5.30%
Sole
591.50K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares616.54K
TypeSH
Market value$33.04M
4.71%
Sole
616.54K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares649K
TypeSH
Market value$31.66M
4.52%
Sole
649K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares1.06M
TypeSH
Market value$31.05M
4.43%
Sole
1.06M
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares158.42K
TypeSH
Market value$27.58M
3.93%
Sole
158.42K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares231K
TypeSH
Market value$25.39M
3.62%
Sole
231K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares252.76K
TypeSH
Market value$20.63M
2.94%
Sole
252.76K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares78.58K
TypeSH
Market value$19.14M
2.73%
Sole
78.58K
Shared
0.00
None
0.00
HESS MIDSTREAM LP
SOLEShares291.25K
TypeSH
Market value$11.22M
1.60%
Sole
291.25K
Shared
0.00
None
0.00
CHENIERE ENERGY PARTNERS LP
SOLEShares194.13K
TypeSH
Market value$10.88M
1.55%
Sole
194.13K
Shared
0.00
None
0.00
GLOBAL PARTNERS LP
SOLEShares195.23K
TypeSH
Market value$10.29M
1.47%
Sole
195.23K
Shared
0.00
None
0.00
GENESIS ENERGY L P
SOLEShares343.24K
TypeSH
Market value$5.91M
0.84%
Sole
343.24K
Shared
0.00
None
0.00
SUBURBAN PROPANE PARTNERS L
SOLEShares214.86K
TypeSH
Market value$3.98M
0.57%
Sole
214.86K
Shared
0.00
None
0.00
NGL ENERGY PARTNERS LP
SOLEShares832.48K
TypeSH
Market value$3.55M
0.51%
Sole
832.48K
Shared
0.00
None
0.00
GE VERNOVA INC
SOLEShares6K
TypeSH
Market value$3.17M
0.45%
Sole
6K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares67.50K
TypeSH
Market value$3.06M
0.44%
Sole
67.50K
Shared
0.00
None
0.00
WESTLAKE CHEM PARTNERS LP
SOLEShares80.40K
TypeSH
Market value$1.78M
0.25%
Sole
80.40K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares5.50K
TypeSH
Market value$1.78M
0.25%
Sole
5.50K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares27.50K
TypeSH
Market value$1.21M
0.17%
Sole
27.50K
Shared
0.00
None
0.00
SUMMIT MIDSTREAM CORPORATION
SOLEShares45K
TypeSH
Market value$1.10M
0.16%
Sole
45K
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 | $116.23M 16.58% | 2.26M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 5.02M | SH | $90.99M 12.98% | 5.02M | 0.00 | 0.00 |
PLAINS ALL AMERN PIPELINE LSOLE | UNIT LTD PARTN | 3.83M | SH | $70.21M 10.02% | 3.83M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.94M | SH | $60.07M 8.57% | 1.94M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.47M | SH | $56.79M 8.10% | 1.47M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 591.50K | SH | $37.15M 5.30% | 591.50K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 616.54K | SH | $33.04M 4.71% | 616.54K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 649K | SH | $31.66M 4.52% | 649K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 1.06M | SH | $31.05M 4.43% | 1.06M | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 158.42K | SH | $27.58M 3.93% | 158.42K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 231K | SH | $25.39M 3.62% | 231K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 252.76K | SH | $20.63M 2.94% | 252.76K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 78.58K | SH | $19.14M 2.73% | 78.58K | 0.00 | 0.00 |
HESS MIDSTREAM LPSOLE | CL A SHS | 291.25K | SH | $11.22M 1.60% | 291.25K | 0.00 | 0.00 |
CHENIERE ENERGY PARTNERS LPSOLE | COM UNIT | 194.13K | SH | $10.88M 1.55% | 194.13K | 0.00 | 0.00 |
GLOBAL PARTNERS LPSOLE | COM UNITS | 195.23K | SH | $10.29M 1.47% | 195.23K | 0.00 | 0.00 |
GENESIS ENERGY L PSOLE | UNIT LTD PARTN | 343.24K | SH | $5.91M 0.84% | 343.24K | 0.00 | 0.00 |
SUBURBAN PROPANE PARTNERS LSOLE | UNIT LTD PARTN | 214.86K | SH | $3.98M 0.57% | 214.86K | 0.00 | 0.00 |
NGL ENERGY PARTNERS LPSOLE | COM UNIT REPST | 832.48K | SH | $3.55M 0.51% | 832.48K | 0.00 | 0.00 |
GE VERNOVA INCSOLE | COM | 6K | SH | $3.17M 0.45% | 6K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 67.50K | SH | $3.06M 0.44% | 67.50K | 0.00 | 0.00 |
WESTLAKE CHEM PARTNERS LPSOLE | COM UNIT RP LP | 80.40K | SH | $1.78M 0.25% | 80.40K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 5.50K | SH | $1.78M 0.25% | 5.50K | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 27.50K | SH | $1.21M 0.17% | 27.50K | 0.00 | 0.00 |
SUMMIT MIDSTREAM CORPORATIONSOLE | COM | 45K | SH | $1.10M 0.16% | 45K | 0.00 | 0.00 |
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