Q4 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| DTE | Buy | DTE ENERGY CO | $26,939,169 | +233.1% | 229,211 | +226.1% | 12.82% | +158.4% |
| PPL | Buy | PPL CORP | $26,297,211 | +105.1% | 899,973 | +78.0% | 12.52% | +59.1% |
| EXC | New | EXELON CORP | $14,878,210 | – | 344,164 | – | 7.08% | – |
| XEL | New | XCEL ENERGY INC | $13,218,539 | – | 188,540 | – | 6.29% | – |
| CMS | Sell | CMS ENERGY CORP | $12,657,450 | -47.9% | 199,865 | -52.1% | 6.03% | -59.6% |
| NI | Buy | NISOURCE INC | $12,558,141 | +84.0% | 457,992 | +69.1% | 5.98% | +42.7% |
| DUK | Buy | DUKE ENERGY CORP NEW | $12,106,886 | +82.1% | 117,554 | +64.4% | 5.76% | +41.2% |
| FE | Buy | FIRSTENERGY CORP | $12,062,321 | +21.0% | 287,609 | +6.7% | 5.74% | -6.2% |
| ES | Buy | EVERSOURCE ENERGY | $11,916,682 | +13.2% | 142,136 | +5.3% | 5.67% | -12.2% |
| EVRG | New | EVERGY INC | $9,620,990 | – | 152,884 | – | 4.58% | – |
| WTRG | New | ESSENTIAL UTILS INC | $7,523,346 | – | 157,623 | – | 3.58% | – |
| BKH | New | BLACK HILLS CORP | $7,521,386 | – | 106,929 | – | 3.58% | – |
| NWE | Sell | NORTHWESTERN CORP | $7,503,365 | +18.2% | 126,447 | -1.8% | 3.57% | -8.3% |
| D | New | DOMINION ENERGY INC | $7,464,729 | – | 121,734 | – | 3.55% | – |
| CNP | New | CENTERPOINT ENERGY INC | $6,858,323 | – | 228,687 | – | 3.26% | – |
| PCG | Buy | PG&E CORP | $6,678,909 | +164.9% | 410,757 | +103.7% | 3.18% | +105.4% |
| SR | New | SPIRE INC | $5,724,263 | – | 83,129 | – | 2.72% | – |
| IDA | New | IDACORP INC | $5,020,310 | – | 46,549 | – | 2.39% | – |
| PNM | Sell | PNM RES INC | $3,494,486 | -45.4% | 71,623 | -48.9% | 1.66% | -57.7% |
| SJI | Exit | SOUTH JERSEY INDS INC | $0 | – | -105,568 | – | -2.17% | – |
| FTS | Exit | FORTIS INC | $0 | – | -147,590 | – | -3.44% | – |
| AVA | Exit | AVISTA CORP | $0 | – | -155,319 | – | -3.53% | – |
| Exit | CONSTELLATION ENERGY CORP | $0 | – | -76,199 | – | -3.89% | – | |
| OGS | Exit | ONE GAS INC | $0 | – | -110,690 | – | -4.78% | – |
| SRE | Exit | SEMPRA | $0 | – | -60,575 | – | -5.58% | – |
| NEE | Exit | NEXTERA ENERGY INC | $0 | – | -182,037 | – | -8.76% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -199,431 | – | -9.86% | – |
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| CMS | New | CMS ENERGY CORP | $24,315,000 | – | 417,494 | – | 14.93% | – |
| AEE | Buy | AMEREN CORP | $16,064,000 | -10.6% | 199,431 | +0.2% | 9.86% | -19.7% |
| NEE | New | NEXTERA ENERGY INC | $14,274,000 | – | 182,037 | – | 8.76% | – |
| PPL | New | PPL CORP | $12,820,000 | – | 505,717 | – | 7.87% | – |
| ES | Sell | EVERSOURCE ENERGY | $10,525,000 | -18.1% | 135,008 | -11.3% | 6.46% | -26.4% |
| FE | New | FIRSTENERGY CORP | $9,969,000 | – | 269,444 | – | 6.12% | – |
| SRE | New | SEMPRA | $9,083,000 | – | 60,575 | – | 5.58% | – |
| DTE | Sell | DTE ENERGY CO | $8,087,000 | -51.3% | 70,295 | -46.3% | 4.96% | -56.2% |
| OGS | New | ONE GAS INC | $7,791,000 | – | 110,690 | – | 4.78% | – |
| NI | Buy | NISOURCE INC | $6,824,000 | -3.6% | 270,903 | +12.9% | 4.19% | -13.3% |
| DUK | New | DUKE ENERGY CORP NEW | $6,650,000 | – | 71,495 | – | 4.08% | – |
| PNM | New | PNM RES INC | $6,403,000 | – | 140,028 | – | 3.93% | – |
| NWE | New | NORTHWESTERN CORP | $6,348,000 | – | 128,820 | – | 3.90% | – |
| New | CONSTELLATION ENERGY CORP | $6,339,000 | – | 76,199 | – | 3.89% | – | |
| AVA | Sell | AVISTA CORP | $5,755,000 | -24.1% | 155,319 | -10.9% | 3.53% | -31.8% |
| FTS | New | FORTIS INC | $5,607,000 | – | 147,590 | – | 3.44% | – |
| SJI | New | SOUTH JERSEY INDS INC | $3,528,000 | – | 105,568 | – | 2.17% | – |
| PCG | New | PG&E CORP | $2,521,000 | – | 201,649 | – | 1.55% | – |
| PNW | Exit | PINNACLE WEST CAP CORP | $0 | – | -34,418 | – | -1.72% | – |
| MDU | Exit | MDU RES GROUP INC | $0 | – | -130,746 | – | -2.41% | – |
| SWX | Exit | SOUTHWEST GAS HLDGS INC | $0 | – | -43,218 | – | -2.57% | – |
| ALE | Exit | ALLETE INC | $0 | – | -94,331 | – | -3.79% | – |
| EXC | Exit | EXELON CORP | $0 | – | -184,493 | – | -5.71% | – |
| NEP | Exit | NEXTERA ENERGY PARTNERS LP | $0 | – | -115,029 | – | -5.82% | – |
| LNT | Exit | ALLIANT ENERGY CORP | $0 | – | -161,081 | – | -6.44% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -88,639 | – | -6.78% | – |
| CNP | Exit | CENTERPOINT ENERGY INC | $0 | – | -399,106 | – | -8.06% | – |
| XEL | Exit | XCEL ENERGY INC | $0 | – | -296,089 | – | -14.30% | – |
Q2 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| XEL | New | XCEL ENERGY INC | $20,951,000 | – | 296,089 | – | 14.30% | – |
| AEE | New | AMEREN CORP | $17,978,000 | – | 198,965 | – | 12.27% | – |
| DTE | New | DTE ENERGY CO | $16,605,000 | – | 131,009 | – | 11.34% | – |
| ES | New | EVERSOURCE ENERGY | $12,854,000 | – | 152,167 | – | 8.78% | – |
| CNP | New | CENTERPOINT ENERGY INC | $11,806,000 | – | 399,106 | – | 8.06% | – |
| ATO | New | ATMOS ENERGY CORP | $9,936,000 | – | 88,639 | – | 6.78% | – |
| LNT | New | ALLIANT ENERGY CORP | $9,441,000 | – | 161,081 | – | 6.44% | – |
| NEP | New | NEXTERA ENERGY PARTNERS LP | $8,531,000 | – | 115,029 | – | 5.82% | – |
| EXC | New | EXELON CORP | $8,361,000 | – | 184,493 | – | 5.71% | – |
| AVA | New | AVISTA CORP | $7,585,000 | – | 174,325 | – | 5.18% | – |
| NI | New | NISOURCE INC | $7,077,000 | – | 239,971 | – | 4.83% | – |
| ALE | New | ALLETE INC | $5,545,000 | – | 94,331 | – | 3.79% | – |
| SWX | New | SOUTHWEST GAS HLDGS INC | $3,763,000 | – | 43,218 | – | 2.57% | – |
| MDU | New | MDU RES GROUP INC | $3,529,000 | – | 130,746 | – | 2.41% | – |
| PNW | New | PINNACLE WEST CAP CORP | $2,517,000 | – | 34,418 | – | 1.72% | – |
Q4 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| SRE | Exit | SEMPRA | $0 | – | -28,810 | – | -3.52% | – |
| WEC | Exit | WEC ENERGY GROUP INC | $0 | – | -43,112 | – | -3.67% | – |
| NEE | Exit | NEXTERA ENERGY INC | $0 | – | -56,718 | – | -4.30% | – |
| SJI | Exit | SOUTH JERSEY INDS INC | $0 | – | -228,849 | – | -4.69% | – |
| ALE | Exit | ALLETE INC | $0 | – | -106,557 | – | -6.12% | – |
| NI | Exit | NISOURCE INC | $0 | – | -290,788 | – | -6.80% | – |
| EVRG | Exit | EVERGY INC | $0 | – | -116,471 | – | -6.99% | – |
| EXC | Exit | EXELON CORP | $0 | – | -151,914 | – | -7.08% | – |
| ED | Exit | CONSOLIDATED EDISON INC | $0 | – | -106,784 | – | -7.48% | – |
| OGE | Exit | OGE ENERGY CORP | $0 | – | -240,791 | – | -7.66% | – |
| SO | Exit | SOUTHERN CO | $0 | – | -128,520 | – | -7.68% | – |
| PEG | Exit | PUBLIC SVC ENTERPRISE GRP IN | $0 | – | -133,557 | – | -7.85% | – |
| DTE | Exit | DTE ENERGY CO | $0 | – | -76,032 | – | -8.19% | – |
| XEL | Exit | XCEL ENERGY INC | $0 | – | -149,106 | – | -8.99% | – |
| WTRG | Exit | ESSENTIAL UTILS INC | $0 | – | -202,313 | – | -8.99% | – |
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WTRG | New | ESSENTIAL UTILS INC | $9,323,000 | – | 202,313 | – | 8.99% | – |
| XEL | New | XCEL ENERGY INC | $9,319,000 | – | 149,106 | – | 8.99% | – |
| DTE | New | DTE ENERGY CO | $8,494,000 | – | 76,032 | – | 8.19% | – |
| PEG | New | PUBLIC SVC ENTERPRISE GRP IN | $8,134,000 | – | 133,557 | – | 7.85% | – |
| SO | New | SOUTHERN CO | $7,964,000 | – | 128,520 | – | 7.68% | – |
| OGE | Buy | OGE ENERGY CORP | $7,936,000 | -1.5% | 240,791 | +0.6% | 7.66% | +23.7% |
| ED | New | CONSOLIDATED EDISON INC | $7,751,000 | – | 106,784 | – | 7.48% | – |
| EXC | Sell | EXELON CORP | $7,344,000 | -27.0% | 151,914 | -33.1% | 7.08% | -8.4% |
| EVRG | Sell | EVERGY INC | $7,244,000 | -37.4% | 116,471 | -39.2% | 6.99% | -21.5% |
| NI | Buy | NISOURCE INC | $7,046,000 | +33.4% | 290,788 | +34.9% | 6.80% | +67.5% |
| ALE | New | ALLETE INC | $6,342,000 | – | 106,557 | – | 6.12% | – |
| SJI | New | SOUTH JERSEY INDS INC | $4,865,000 | – | 228,849 | – | 4.69% | – |
| NEE | Sell | NEXTERA ENERGY INC | $4,453,000 | -24.8% | 56,718 | -29.8% | 4.30% | -5.5% |
| WEC | Sell | WEC ENERGY GROUP INC | $3,802,000 | -69.6% | 43,112 | -69.3% | 3.67% | -61.8% |
| SRE | Sell | SEMPRA | $3,644,000 | -56.5% | 28,810 | -54.5% | 3.52% | -45.4% |
| SWX | Exit | SOUTHWEST GAS HLDGS INC | $0 | – | -57,330 | – | -2.92% | – |
| ETR | Exit | ENTERGY CORP NEW | $0 | – | -40,195 | – | -3.08% | – |
| AEE | Exit | AMEREN CORP | $0 | – | -58,995 | – | -3.63% | – |
| BKH | Exit | BLACK HILLS CORP | $0 | – | -73,408 | – | -3.70% | – |
| FTS | Exit | FORTIS INC | $0 | – | -114,356 | – | -3.88% | – |
| ES | Exit | EVERSOURCE ENERGY | $0 | – | -78,227 | – | -4.82% | – |
| ATO | Exit | ATMOS ENERGY CORP | $0 | – | -68,264 | – | -5.04% | – |
| CMS | Exit | CMS ENERGY CORP | $0 | – | -117,385 | – | -5.33% | – |
| IDA | Exit | IDACORP INC | $0 | – | -79,293 | – | -5.94% | – |
| PPL | Exit | PPL CORP | $0 | – | -294,794 | – | -6.34% | – |
| AEP | Exit | AMERICAN ELEC PWR CO INC | $0 | – | -120,996 | – | -7.86% | – |
Q2 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| WEC | New | WEC ENERGY GROUP INC | $12,490,000 | – | 140,412 | – | 9.60% | – |
| EVRG | New | EVERGY INC | $11,581,000 | – | 191,651 | – | 8.90% | – |
| AEP | New | AMERICAN ELEC PWR CO INC | $10,235,000 | – | 120,996 | – | 7.86% | – |
| EXC | New | EXELON CORP | $10,065,000 | – | 227,147 | – | 7.73% | – |
| SRE | New | SEMPRA ENERGY | $8,383,000 | – | 63,281 | – | 6.44% | – |
| PPL | New | PPL CORP | $8,245,000 | – | 294,794 | – | 6.34% | – |
| OGE | New | OGE ENERGY CORP | $8,054,000 | – | 239,336 | – | 6.19% | – |
| IDA | New | IDACORP INC | $7,731,000 | – | 79,293 | – | 5.94% | – |
| CMS | New | CMS ENERGY CORP | $6,935,000 | – | 117,385 | – | 5.33% | – |
| ATO | New | ATMOS ENERGY CORP | $6,561,000 | – | 68,264 | – | 5.04% | – |
| ES | New | EVERSOURCE ENERGY | $6,277,000 | – | 78,227 | – | 4.82% | – |
| NEE | New | NEXTERA ENERGY INC | $5,920,000 | – | 80,787 | – | 4.55% | – |
| NI | New | NISOURCE INC | $5,280,000 | – | 215,524 | – | 4.06% | – |
| FTS | New | FORTIS INC | $5,056,000 | – | 114,356 | – | 3.88% | – |
| BKH | New | BLACK HILLS CORP | $4,818,000 | – | 73,408 | – | 3.70% | – |
| AEE | New | AMEREN CORP | $4,722,000 | – | 58,995 | – | 3.63% | – |
| ETR | New | ENTERGY CORP NEW | $4,007,000 | – | 40,195 | – | 3.08% | – |
| SWX | New | SOUTHWEST GAS HLDGS INC | $3,795,000 | – | 57,330 | – | 2.92% | – |