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HM
Heronetta Management Portfolio holdings
AUM
$109M
1-Year Est. Return
18.09%
This Fund
S&P 500
This Quarter
Est. Return
+1.05%
1 Year Est. Return
+18.09%
3 Year Est. Return
+59.67%
5 Year Est. Return
+84.86%
10 Year Est. Return
+111.6%
AUM
$183M
AUM Growth
+$3.07M
(+1.7%)
Cap. Flow
+$479K
Cap. Flow
% of AUM
0.26%
Top 10 Holdings %
Top 10 Hldgs %
72.01%
Holding
25
New
–
Increased
2
Reduced
1
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransAlta
TAC
|
+$455K |
| 2 |
TC Energy
TRP
|
+$100K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oneok
OKE
|
+$76.6K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 84.07% |
| 2 | Industrials | 8.91% |
| 3 | Utilities | 7.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
MPLX
MPLX
$59.9B
| $17.8M | 9.74% |
356,064
| – | – |
|
2
Williams Companies
WMB
$89.2B
| $17.5M | 9.58% |
276,277
| – | – |
|
3
Enterprise Products Partners
EPD
$82.7B
| $17.2M | 9.41% |
549,248
| – | – |
|
4
Energy Transfer Partners
ET
$73.2B
| $15.2M | 8.31% |
884,154
| – | – |
|
5
Enbridge
ENB
$113B
| $13.3M | 7.26% |
193,266
| – | – |
|
|
6
Oneok
OKE
$60.4B
| $11.4M | 6.23% |
155,802
-1,000
| -0.6% | -$76.6K |
|
7
Pembina Pipeline
PBA
$28.8B
| $10.8M | 5.94% |
197,698
| – | – |
|
|
8
TC Energy
TRP
$66.5B
| $10.1M | 5.55% |
137,316
+2,000
| +1% | +$100K |
|
9
Canadian Pacific Kansas City
CP
$84.2B
| $9.26M | 5.07% |
89,300
| – | – |
|
10
Western Midstream Partners
WES
$20.4B
| $8.98M | 4.92% |
228,586
| – | – |
|
11
Canadian Natural Resources
CNQ
$105B
| $8.62M | 4.72% |
193,600
| – | – |
|
12
Suncor Energy
SU
$80B
| $7.69M | 4.21% |
132,000
| – | – |
|
13
Canadian National Railway
CNI
$78.6B
| $7.01M | 3.84% |
53,400
| – | – |
|
14
Fortis
FTS
$28.9B
| $6.07M | 3.32% |
86,000
| – | – |
|
|
EMA
15
Emera Inc
EMA
$16B
| $4.44M | 2.43% |
66,500
| – | – |
|
16
Plains GP Holdings
PAGP
$5.25B
| $3.62M | 1.98% |
198,525
| – | – |
|
17
Hess Midstream
HESM
$5.11B
| $3.56M | 1.95% |
102,955
| – | – |
|
18
Kinder Morgan
KMI
$70.6B
| $2.69M | 1.47% |
95,125
| – | – |
|
|
19
TransAlta
TAC
$4.03B
| $2.32M | 1.27% |
122,000
+37,000
| +44% | +$455K |
|
|
SOBO
20
South Bow Corp
SOBO
$8.05B
| $1.81M | 0.99% |
46,497
| – | – |
|
21
Targa Resources
TRGP
$64.8B
| $1.72M | 0.94% |
10,242
| – | – |
|
22
Cheniere Energy
LNG
$57.7B
| $587K | 0.32% |
2,497
| – | – |
|
23
Cenovus Energy
CVE
$60.3B
| $354K | 0.19% |
15,000
| – | – |
|
24
Antero Midstream
AM
$10.7B
| $329K | 0.18% |
16,910
| – | – |
|
25
Cheniere Energy
CQP
$33.2B
| $313K | 0.17% |
5,810
| – | – |
|
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Heronetta Management's Q3 2025 Portfolio in Review
As of Q3 2025, Heronetta Management held 25 positions worth $183M, up 1.7% from $180M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Trading was light in Q3 2025: portfolio turnover was 0%. Heronetta Management opened no new positions and made no exits, leaving the 25-position portfolio largely intact.
By sector, the portfolio is most concentrated in Energy at 84% of assets, down from 84% a quarter earlier, followed by Industrials and Utilities.
- Heronetta Management added most to TransAlta in Q3 2025, an estimated $455K increase.
- Heronetta Management's biggest Q3 2025 reduction was Oneok, cutting an estimated $76.6K.
- Heronetta Management's ten largest holdings make up 72% of its $183M portfolio in Q3 2025.
- Heronetta Management opened 0 new positions and closed 0 in Q3 2025.
- Heronetta Management's portfolio value rose 1.7% quarter-over-quarter to $183M.
Based on Heronetta Management's 13F filing for Q3 2025, filed 12 Nov 2025.