Reaves W H portfolio
Concentrated managerInvestment firmIndividualPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Jul 30, 2026 · data updated on Nov 5, 2026 · Q2 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.
Reaves W H reported a $6.6 bn portfolio of 94 positions to the SEC as of the end of Q2 2026. Its largest positions are TLN, ETR, VST. During the quarter it exited PPL.
Sections with a free account
What changed this quarter
69 positions with a change (6 new, 23 added to, 32 trimmed, 8 sold); also, 6 entered through an IPO. 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedITGITG0.8% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- PPL−2.1 ppof portfolioSold out2.3% → —
- American Electric Power+189%more sharesIncreased0.7% → 2.1%
- Entergy+33%more sharesIncreased4.2% → 5.2%
- Marathon Petroleum−74%fewer sharesReduced0.9% → 0.2%
- DTE Energy+80%more sharesIncreased0.8% → 1.3%
- Cheniere Energy+663%more sharesIncreased0.1% → 0.7%
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
- Talen EnergyTLN8.6%
- EntergyETR5.2%
- Vistra OperationsVST5.0%
- Constellation EnergyCEG4.9%
- Centerpoint EnergyCNP4.4%
- Xcel EnergyXEL4.1%
- IdacorpIDA4.1%
- Alliant EnergyLNT3.2%
- GE VernovaGEV3.0%
- NisourceNI2.9%
- CorningGLW2.8%
- EquinixEQIX2.7%
- Quanta ServicesPWR2.7%
- SempraSRE2.7%
- DT MidstreamDTM2.4%
“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
- ● Utilities 61%
- ● Energy 12%
- ● Industrials 12%
- ● Information Technology 6%
- ● Real Estate 5%
- ● Materials 3%
- ● No sector 1%
- ● Communication Services 1%
How its portfolio changed (8 quarters)
Q2 2026: 94
Q2 2026: 46%
Q2 2026: 8.6%
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 Feb 10, 2026 (high confidence).
The data, as reported: REAVES ASSET MANAGEMENT (CRD 3140): Manages registered funds; 5.D assets by client type: registered funds 95% (of $5.9 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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