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Reaves W H & Co Inc

13F for the quarter to June 30, 2026, filed July 30, 2026 · SEC CIK 740913

Reported value
$6.6bn
99% in companies we cover
Positions we cover
87
Largest TLN 8.6%
Copy, a year
+9.3%
S&P 500 +14.1%
Copy Sharpe ratio
0.51
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$32.5k
CopyS&P 500 $10,000 copying Reaves W H & Co Inc's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −33.9% (S&P 500 −31.8%); beta 0.72; alpha −0.7% a year (t = −0.21); last 12 months −3.2% against +12.1%.

Reported value by quarter

Reaves W H & Co Inc: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2B $4B $6B $8B Reported value, 2013-06-30: $3.2B Reported value, 2013-09-30: $3.3B Reported value, 2013-12-31: $3B Reported value, 2014-03-31: $2.9B Reported value, 2014-06-30: $3.1B Reported value, 2014-09-30: $2.8B Reported value, 2014-12-31: $2.9B Reported value, 2015-03-31: $2.9B Reported value, 2015-06-30: $2.8B Reported value, 2015-09-30: $2.6B Reported value, 2015-12-31: $2.5B Reported value, 2016-03-31: $2.8B Reported value, 2016-06-30: $2.9B Reported value, 2016-09-30: $2.7B Reported value, 2016-12-31: $2.7B Reported value, 2017-03-31: $2.7B Reported value, 2017-06-30: $2.7B Reported value, 2017-09-30: $2.8B Reported value, 2017-12-31: $3.2B Reported value, 2018-03-31: $2.8B Reported value, 2018-06-30: $2.9B Reported value, 2018-09-30: $3.1B Reported value, 2018-12-31: $2.7B Reported value, 2019-03-31: $3B Reported value, 2019-06-30: $3.1B Reported value, 2019-09-30: $3.3B Reported value, 2019-12-31: $3.2B Reported value, 2020-03-31: $2.2B Reported value, 2020-06-30: $2.4B Reported value, 2020-09-30: $2.6B Reported value, 2020-12-31: $2.8B Reported value, 2021-03-31: $2.9B Reported value, 2021-06-30: $3.1B Reported value, 2021-09-30: $3.1B Reported value, 2021-12-31: $3.3B Reported value, 2022-03-31: $3.1B Reported value, 2022-06-30: $2.9B Reported value, 2022-09-30: $2.7B Reported value, 2022-12-31: $2.8B Reported value, 2025-03-31: $3.9B Reported value, 2025-06-30: $4.5B Reported value, 2025-09-30: $5.6B Reported value, 2025-12-31: $5.7B Reported value, 2026-03-31: $6B Reported value, 2026-06-30: $6.6B 2013-06-30 2015-09-30 2017-12-31 2020-03-31 2022-06-30 2026-06-30 $6.6B
View chart data
Period Reported value
2013-06-30 $3.2B
2013-09-30 $3.3B
2013-12-31 $3B
2014-03-31 $2.9B
2014-06-30 $3.1B
2014-09-30 $2.8B
2014-12-31 $2.9B
2015-03-31 $2.9B
2015-06-30 $2.8B
2015-09-30 $2.6B
2015-12-31 $2.5B
2016-03-31 $2.8B
2016-06-30 $2.9B
2016-09-30 $2.7B
2016-12-31 $2.7B
2017-03-31 $2.7B
2017-06-30 $2.7B
2017-09-30 $2.8B
2017-12-31 $3.2B
2018-03-31 $2.8B
2018-06-30 $2.9B
2018-09-30 $3.1B
2018-12-31 $2.7B
2019-03-31 $3B
2019-06-30 $3.1B
2019-09-30 $3.3B
2019-12-31 $3.2B
2020-03-31 $2.2B
2020-06-30 $2.4B
2020-09-30 $2.6B
2020-12-31 $2.8B
2021-03-31 $2.9B
2021-06-30 $3.1B
2021-09-30 $3.1B
2021-12-31 $3.3B
2022-03-31 $3.1B
2022-06-30 $2.9B
2022-09-30 $2.7B
2022-12-31 $2.8B
2025-03-31 $3.9B
2025-06-30 $4.5B
2025-09-30 $5.6B
2025-12-31 $5.7B
2026-03-31 $6B
2026-06-30 $6.6B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
TLNTalen Energy Corp8.61%$567.4m1.48M−2.3% Reduced
ETREntergy5.19%$342.1m2.98M+32.8% Added
VSTVistra Corp.4.98%$328.5m2.07M−1.1% Reduced
CEGConstellation Energy4.94%$325.5m1.31M+8.9% Added
CNPCenterPoint Energy4.43%$291.9m6.63M−5.4% Reduced
XELXcel Energy4.09%$269.7m3.36M−5.4% Reduced
IDAIdacorp Inc4.06%$267.8m1.77M−1.7% Reduced
LNTAlliant Energy3.22%$212.4m2.78M−7.0% Reduced
GEVGE Vernova3.03%$199.5m169.8K−3.0% Reduced
NINiSource2.95%$194.4m4.09M−0.6% Reduced
GLWCorning Inc.2.77%$182.6m714.9K−6.3% Reduced
EQIXEquinix2.75%$181.0m173.6K−0.1%
PWRQuanta Services2.69%$177.3m246.3K−1.6% Reduced
SRESempra2.67%$176.0m1.90M−8.2% Reduced
DTMDT Midstream, Inc.2.39%$157.8m1.08M+15.3% Added
WMBWilliams Companies2.38%$157.2m2.11M+1.2% Added
CMSCMS Energy2.22%$146.1m1.91M−9.7% Reduced
MPMP Materials Corp. / DE2.21%$146.0m2.61M−0.1%
AEPAmerican Electric Power2.06%$136.1m994.7K+188.6% Added
DYDycom Industries Inc2.02%$133.1m263.3K+6.1% Added
EPDEnterprise Products Partners L.p.1.95%$128.4m3.49M0.0%
NEENextEra Energy1.92%$126.3m1.44M+9.4% Added
CCJCameco Corp1.74%$114.6m1.13M−0.1%
CPCanadian Pacific Kansas City LTD1.65%$108.5m1.25M+16.1% Added
PNWPinnacle West Capital1.48%$97.8m913.8K−15.2% Reduced
WECWEC Energy Group1.46%$96.0m822.3K+46.1% Added
AEEAmeren1.45%$95.7m846.3K−21.1% Reduced
NRGNRG Energy1.42%$93.5m640.4K−12.8% Reduced
DTEDTE Energy1.34%$88.6m581.4K+79.6% Added
COHRCoherent Corp.1.27%$84.0m213.1K+3.5% Added
OGEOGE Energy Corp.1.12%$73.7m1.51M−5.6% Reduced
SBACSBA Communications0.86%$56.9m322.5K0.0%
ANETArista Networks0.81%$53.1m312.5K−24.7% Reduced
ITGITG, Inc.0.76%$50.0m3.13MNew
EQTEQT Corporation0.76%$50.0m939.8K−13.8% Reduced
LNGCheniere Energy, Inc.0.66%$43.8m183.2K+663.4% Added
USARUSA Rare Earth, Inc.0.66%$43.2m2.00M−13.8% Reduced
LEUCentrus Energy Corp0.58%$38.0m226.4K+6.8% Added
MPLXMplx LP0.57%$37.8m670.5K0.0%
AMTAmerican Tower0.53%$34.6m211.5K+115.8% Added
LITELumentum0.52%$34.2m39.9K−4.6% Reduced
DLRDigital Realty0.46%$30.1m167.4K+78.1% Added
TMUST-Mobile US0.44%$29.2m174.3K+62.9% Added
ODFLOld Dominion0.42%$27.8m128.2K+85.3% Added
IRMIron Mountain0.41%$26.8m212.5K−0.5%
TICTIC Solutions, Inc.0.39%$25.4m3.15M+2.3% Added
NFGNational Fuel GAS Co0.37%$24.3m314.5K0.0%
DDominion Energy0.31%$20.5m300.0KNew
TBNTamboran Resources Corp0.30%$20.0m615.0K+261.8% Added
VRTVertiv0.26%$17.2m51.4K−29.4% Reduced
MPCMarathon Petroleum0.22%$14.4m56.5K−74.4% Reduced
FRVOFervo Energy Co0.20%$13.2m450.0KNew
FPSForgent Power Solutions, Inc.0.17%$11.2m200.0KNew
UTLUnitil Corp0.17%$10.9m206.9K−16.7% Reduced
JCIJohnson Controls0.14%$9.3m63.4K+27.6% Added
YORWYork Water Co0.13%$8.4m275.0KNew
ALBAlbemarle Corporation0.10%$6.8m50.0KNew
EROCErock, Inc.0.10%$6.3m435.0KNew
HTOH2o America0.09%$6.1m100.0K0.0%
WBIWaterbridge Infrastructure LLC0.09%$5.8m170.0K−62.2% Reduced
XEX-energy, Inc.0.08%$5.5m300.0KNew
CMCSAComcast0.07%$4.8m195.0K+644.3% Added
LACLithium Americas Corp.0.07%$4.8m1.24M0.0%
UNPUnion Pacific Corporation0.07%$4.6m17.1K−74.6% Reduced
FFIVF5, Inc.0.07%$4.4m10.7K+24.2% Added
PEGPublic Service Enterprise Group0.05%$3.2m39.6K−81.6% Reduced
ATOAtmos Energy0.04%$2.7m15.8K−5.2% Reduced
MWHSolv Energy, Inc.0.04%$2.6m75.0K−81.2% Reduced
CPKChesapeake Utilities Corp0.04%$2.4m20.0K0.0%
SOSouthern Company0.03%$2.2m23.3K−6.1% Reduced
LAMRLamar Advertising Co0.03%$2.2m14.0K0.0%
AAPLApple Inc.0.02%$1.4m4.8K0.0%
DUKDuke Energy0.02%$1.0m8.3K−0.2%
OKEOneok0.01%$1.0m11.6K−2.1% Reduced
PLDPrologis0.01%$996,5177.4K0.0%
PCGPG&E Corporation0.01%$931,45855.4K−44.1% Reduced
PMPhilip Morris International0.01%$904,5505.0K0.0%
EVRGEvergy0.01%$871,04210.1K−0.1%
JNJJohnson & Johnson0.01%$832,5143.3K0.0%
NJRNEW Jersey Resources Corp0.01%$818,35214.6K−0.1%
AWKAmerican Water Works0.01%$769,0855.8K−4.9% Reduced
PPGPPG Industries0.01%$606,4505.0K0.0%
MOAltria0.01%$575,6008.0K0.0%
CVXChevron Corporation0.01%$566,2363.4K−1.4% Reduced
BKHBlack Hills Corp0.01%$501,7546.7KNew
SRSpire Inc0.01%$436,8355.6KNew
BKRBaker Hughes0.00%$277,5005.0K0.0%
CompanyBought (value)Shares
AEPAmerican Electric Power$88.9m650.0K
ETREntergy$84.5m735.5K
ITGITG, Inc.$50.0m3.13M
DTEDTE Energy$39.3m257.7K
LNGCheniere Energy, Inc.$38.1m159.2K
WECWEC Energy Group$30.3m259.3K
CEGConstellation Energy$26.6m107.1K
DTMDT Midstream, Inc.$21.0m142.9K
DDominion Energy$20.5m300.0K
AMTAmerican Tower$18.6m113.5K
CPCanadian Pacific Kansas City LTD$15.1m174.1K
TBNTamboran Resources Corp$14.5m445.0K
DLRDigital Realty$13.2m73.4K
FRVOFervo Energy Co$13.2m450.0K
ODFLOld Dominion$12.8m59.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
PPLPPL Corporation−$141.6m−3.71M
MPCMarathon Petroleum−$42.0m−164.1K
AEEAmeren−$25.6m−226.3K
CCICrown Castle−$23.4m−287.6K
PNWPinnacle West Capital−$17.6m−164.3K
ANETArista Networks−$17.4m−102.7K
CNPCenterPoint Energy−$16.5m−375.5K
LNTAlliant Energy−$15.9m−208.7K
SRESempra−$15.7m−169.8K
CMSCMS Energy−$15.7m−205.1K
XELXcel Energy−$15.3m−190.4K
PEGPublic Service Enterprise Group−$14.2m−175.5K
NRGNRG Energy−$13.7m−93.9K
UNPUnion Pacific Corporation−$13.6m−50.1K
TLNTalen Energy Corp−$13.1m−34.0K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
PPLPPL Corporation$141.6m3.71M
CCICrown Castle$23.4m287.6K
TXNMTxnm Energy Inc$2.4m41.2K
LINLinde plc$2.2m4.3K
CCOICogent Communications Holdings, Inc.$529,36628.1K
EXCExelon$391,6708.0K
VZVerizon$234,1834.7K
  • Utilities61.9%
  • Industrials12.0%
  • Energy11.2%
  • Technology5.5%
  • Real Estate5.1%
  • Materials3.7%
  • Communication Services0.5%
  • Consumer Staples0.0%
  • Health Care0.0%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+9.3%+14.1%0.510.78−33.9%0.72
2018 onwardsJanuary 5, 2018 to November 2, 2026+7.8%+13.9%0.350.66−33.9%0.73
Last three yearsNovember 3, 2023 to November 2, 2026+13.9%+21.8%0.651.16−13.0%0.36
Last yearNovember 7, 2025 to November 2, 2026−2.3%+14.2%−0.240.84−13.0%0.36

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.