Fractal Investments portfolio
Concentrated managerInvestment firmPortfolio as of Sep 30, 2026 (Q3 2026) · filed with the SEC on Oct 28, 2026 · data updated on Nov 5, 2026 · Q3 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Fractal Investments reported a $883M portfolio of 78 positions to the SEC as of the end of Q3 2026. Its largest positions are ET, MPLX, PAA.
Sections with a free account
What changed this quarter
32 positions with a change (6 new, 14 added to, 4 trimmed, 8 sold). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Sunoco+36%more sharesIncreased5.3% → 7.7%
- TC Energy−24%fewer sharesReduced5.1% → 3.3%
- Energy Transfer+8.7%more sharesIncreased12.1% → 13.3%
- DT Midstream+24%more sharesIncreased3.9% → 3.9%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Energy TransferET13.3%
- MPLXMPLX10.6%
- Plains All American PipelinePAA9.7%
- SunocoSUN7.7%
- Western Midstream PartnersWES7.6%
- Enterprise Products PartnersEPD7.4%
- Williams CompaniesWMB6.5%
- Targa ResourcesTRGP6.2%
- Hess MidstreamHESM4.8%
- DT MidstreamDTM3.9%
- Kinder MorganKMI3.6%
- TC EnergyTRP3.3%
- Cheniere EnergyLNG2.4%
- Oneok1.5%
- NGL Energy PartnersNGL1.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Energy 93%
- ● Industrials 2%
- ● No sector 2%
- ● Materials 1%
- ● Information Technology 1%
- ● Consumer Discretionary 1%
How its portfolio changed (8 quarters)
Q3 2026: 78
Q3 2026: 78%
Q3 2026: 3.7%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Mar 12, 2026 (medium confidence).
The data, as reported: FRACTAL INVESTMENTS LLC (CRD 311767): Institutional mandates; 5.D assets by client type: insurers 100% (of $735M); 5.F 5 accounts, 0% non-discretionary; 5.D 3 clients, 0 individuals
The type comes from a rule applied to that data. If it looks wrong, tell us.
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