Filed: 10/27/2025ACC: 0002085853-25-000171
📋 What this filing means
FRACTAL INVESTMENTS LLC filed this quarterly 13F‑HR report disclosing 77 equity positions with a total reported market value of $692.67M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
77
Positions
$692.67M
Total AUM (reported)
21.05M
Total Shares
Allocation by class
COM$219.96M31.8%
COM UNIT REP LTD$102.46M14.8%
COM UT LTD PTN$82.33M11.9%
UNIT LTD PARTN$75.01M10.8%
COM UNIT LP INT$57.66M8.3%
CL A SHS$40.95M5.9%
COM UT REP LP$30.83M4.5%
Portfolio Concentration
Top 3$250.06M36.1%
4–10$286.21M41.3%
11–25$131.69M19.0%
Rest$24.71M3.6%
Top 3 weight
36.1%
Top 10 weight
77.4%
Voting Authority Distribution
Total shares with voting rights: 21.05M
Sole
Full voting authority
21.05M
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)
Sole77
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings77
Rows:
MPLX LP
SOLEShares2.05M
TypeSH
Market value$102.46M
14.79%
Sole
2.05M
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares4.80M
TypeSH
Market value$82.33M
11.89%
Sole
4.80M
Shared
0.00
None
0.00
PLAINS ALL AMERN PIPELINE L
SOLEShares3.83M
TypeSH
Market value$65.27M
9.42%
Sole
3.83M
Shared
0.00
None
0.00
WESTERN MIDSTREAM PARTNERS L
SOLEShares1.47M
TypeSH
Market value$57.66M
8.32%
Sole
1.47M
Shared
0.00
None
0.00
ENTERPRISE PRODS PARTNERS L
SOLEShares1.84M
TypeSH
Market value$57.44M
8.29%
Sole
1.84M
Shared
0.00
None
0.00
HESS MIDSTREAM LP
SOLEShares1.19M
TypeSH
Market value$40.95M
5.91%
Sole
1.19M
Shared
0.00
None
0.00
WILLIAMS COS INC
SOLEShares591.50K
TypeSH
Market value$37.47M
5.41%
Sole
591.50K
Shared
0.00
None
0.00
TC ENERGY CORP
SOLEShares649K
TypeSH
Market value$35.31M
5.10%
Sole
649K
Shared
0.00
None
0.00
SUNOCO LP/SUNOCO FIN CORP
SOLEShares616.54K
TypeSH
Market value$30.83M
4.45%
Sole
616.54K
Shared
0.00
None
0.00
TARGA RES CORP
SOLEShares158.42K
TypeSH
Market value$26.54M
3.83%
Sole
158.42K
Shared
0.00
None
0.00
DT MIDSTREAM INC
SOLEShares231K
TypeSH
Market value$26.12M
3.77%
Sole
231K
Shared
0.00
None
0.00
KINDER MORGAN INC DEL
SOLEShares854.64K
TypeSH
Market value$24.19M
3.49%
Sole
854.64K
Shared
0.00
None
0.00
CHENIERE ENERGY INC
SOLEShares78.58K
TypeSH
Market value$18.47M
2.67%
Sole
78.58K
Shared
0.00
None
0.00
ONEOK INC NEW
SOLEShares207.69K
TypeSH
Market value$15.16M
2.19%
Sole
207.69K
Shared
0.00
None
0.00
CHENIERE ENERGY PARTNERS LP
SOLEShares194.13K
TypeSH
Market value$10.45M
1.51%
Sole
194.13K
Shared
0.00
None
0.00
GLOBAL PARTNERS LP
SOLEShares195.23K
TypeSH
Market value$9.37M
1.35%
Sole
195.23K
Shared
0.00
None
0.00
GENESIS ENERGY L P
SOLEShares343.24K
TypeSH
Market value$5.74M
0.83%
Sole
343.24K
Shared
0.00
None
0.00
NGL ENERGY PARTNERS LP
SOLEShares832.48K
TypeSH
Market value$4.99M
0.72%
Sole
832.48K
Shared
0.00
None
0.00
SUBURBAN PROPANE PARTNERS L
SOLEShares214.86K
TypeSH
Market value$4.01M
0.58%
Sole
214.86K
Shared
0.00
None
0.00
GE VERNOVA INC
SOLEShares6K
TypeSH
Market value$3.69M
0.53%
Sole
6K
Shared
0.00
None
0.00
ENBRIDGE INC
SOLEShares67.50K
TypeSH
Market value$3.41M
0.49%
Sole
67.50K
Shared
0.00
None
0.00
CONSTELLATION ENERGY CORP
SOLEShares5.50K
TypeSH
Market value$1.81M
0.26%
Sole
5.50K
Shared
0.00
None
0.00
WESTLAKE CHEM PARTNERS LP
SOLEShares80.40K
TypeSH
Market value$1.69M
0.24%
Sole
80.40K
Shared
0.00
None
0.00
NEWMONT CORP
SOLEShares17K
TypeSH
Market value$1.43M
0.21%
Sole
17K
Shared
0.00
None
0.00
KINETIK HOLDINGS INC
SOLEShares27.50K
TypeSH
Market value$1.18M
0.17%
Sole
27.50K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
MPLX LPSOLE | COM UNIT REP LTD | 2.05M | SH | $102.46M 14.79% | 2.05M | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 4.80M | SH | $82.33M 11.89% | 4.80M | 0.00 | 0.00 |
PLAINS ALL AMERN PIPELINE LSOLE | UNIT LTD PARTN | 3.83M | SH | $65.27M 9.42% | 3.83M | 0.00 | 0.00 |
WESTERN MIDSTREAM PARTNERS LSOLE | COM UNIT LP INT | 1.47M | SH | $57.66M 8.32% | 1.47M | 0.00 | 0.00 |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 1.84M | SH | $57.44M 8.29% | 1.84M | 0.00 | 0.00 |
HESS MIDSTREAM LPSOLE | CL A SHS | 1.19M | SH | $40.95M 5.91% | 1.19M | 0.00 | 0.00 |
WILLIAMS COS INCSOLE | COM | 591.50K | SH | $37.47M 5.41% | 591.50K | 0.00 | 0.00 |
TC ENERGY CORPSOLE | COM | 649K | SH | $35.31M 5.10% | 649K | 0.00 | 0.00 |
SUNOCO LP/SUNOCO FIN CORPSOLE | COM UT REP LP | 616.54K | SH | $30.83M 4.45% | 616.54K | 0.00 | 0.00 |
TARGA RES CORPSOLE | COM | 158.42K | SH | $26.54M 3.83% | 158.42K | 0.00 | 0.00 |
DT MIDSTREAM INCSOLE | COMMON STOCK | 231K | SH | $26.12M 3.77% | 231K | 0.00 | 0.00 |
KINDER MORGAN INC DELSOLE | COM | 854.64K | SH | $24.19M 3.49% | 854.64K | 0.00 | 0.00 |
CHENIERE ENERGY INCSOLE | COM NEW | 78.58K | SH | $18.47M 2.67% | 78.58K | 0.00 | 0.00 |
ONEOK INC NEWSOLE | COM | 207.69K | SH | $15.16M 2.19% | 207.69K | 0.00 | 0.00 |
CHENIERE ENERGY PARTNERS LPSOLE | COM UNIT | 194.13K | SH | $10.45M 1.51% | 194.13K | 0.00 | 0.00 |
GLOBAL PARTNERS LPSOLE | COM UNITS | 195.23K | SH | $9.37M 1.35% | 195.23K | 0.00 | 0.00 |
GENESIS ENERGY L PSOLE | UNIT LTD PARTN | 343.24K | SH | $5.74M 0.83% | 343.24K | 0.00 | 0.00 |
NGL ENERGY PARTNERS LPSOLE | COM UNIT REPST | 832.48K | SH | $4.99M 0.72% | 832.48K | 0.00 | 0.00 |
SUBURBAN PROPANE PARTNERS LSOLE | UNIT LTD PARTN | 214.86K | SH | $4.01M 0.58% | 214.86K | 0.00 | 0.00 |
GE VERNOVA INCSOLE | COM | 6K | SH | $3.69M 0.53% | 6K | 0.00 | 0.00 |
ENBRIDGE INCSOLE | COM | 67.50K | SH | $3.41M 0.49% | 67.50K | 0.00 | 0.00 |
CONSTELLATION ENERGY CORPSOLE | COM | 5.50K | SH | $1.81M 0.26% | 5.50K | 0.00 | 0.00 |
WESTLAKE CHEM PARTNERS LPSOLE | COM UNIT RP LP | 80.40K | SH | $1.69M 0.24% | 80.40K | 0.00 | 0.00 |
NEWMONT CORPSOLE | COM | 17K | SH | $1.43M 0.21% | 17K | 0.00 | 0.00 |
KINETIK HOLDINGS INCSOLE | COM NEW CL A | 27.50K | SH | $1.18M 0.17% | 27.50K | 0.00 | 0.00 |
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