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Quaero Capital Portfolio holdings
AUM
$79.8M
1-Year Est. Return
18.39%
This Fund
S&P 500
This Quarter
Est. Return
+9.8%
1 Year Est. Return
+18.39%
3 Year Est. Return
+62.38%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$79.8M
AUM Growth
+$9.6M
(+14%)
Cap. Flow
-$40.8M
Cap. Flow
% of AUM
-51.07%
Top 10 Holdings %
Top 10 Hldgs %
30.87%
Holding
71
New
11
Increased
3
Reduced
17
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMS Energy
CMS
|
+$510K |
| 2 |
Public Service Enterprise Group
PEG
|
+$442K |
| 3 |
Xcel Energy
XEL
|
+$407K |
| 4 |
DTE Energy
DTE
|
+$398K |
| 5 |
Grupo Aeroportuario del Sureste
ASR
|
+$324K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kinetik
KNTK
|
+$1.24M |
| 2 |
Equinix
EQIX
|
+$1.17M |
| 3 |
GFL Environmental
GFL
|
+$966K |
| 4 |
WCN
Waste Connections
WCN
|
+$965K |
| 5 |
NextEra Energy
NEE
|
+$923K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 15.17% |
| 2 | Utilities | 10.22% |
| 3 | Technology | 6.37% |
| 4 | Materials | 2.75% |
| 5 | Energy | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Grupo Aeroportuario del Sureste
ASR
$8.06B
| $332K | 0.42% |
+1,040
| New | +$324K |
|
27
Grupo Aeroportuario Centro Norte
OMAB
$5.06B
| $329K | 0.41% |
+3,123
| New | +$293K |
|
28
NiSource
NI
$22B
| $293K | 0.37% |
+7,267
| New | +$285K |
|
29
Clean Harbors
CLH
$15.9B
| $257K | 0.32% |
1,113
-2,887
| -72% | -$632K |
|
30
SBA Communications
SBAC
$18.3B
| $230K | 0.29% |
+980
| New | +$224K |
|
31
American Tower
AMT
$77.7B
| $229K | 0.29% |
+1,034
| New | +$223K |
|
32
Norfolk Southern
NSC
$77.1B
| $227K | 0.28% |
+888
| New | +$209K |
|
33
Canadian Pacific Kansas City
CP
$81.1B
| $222K | 0.28% |
+2,801
| New | +$215K |
|
34
Acuity Brands
AYI
$10.1B
| – | – |
-1,889
| Closed | -$497K |
|
|
35
Equinix
EQIX
$103B
| – | – |
-1,430
| Closed | -$1.17M |
|
|
36
GFL Environmental
GFL
$14.1B
| – | – |
-20,000
| Closed | -$966K |
|
|
37
Kinetik
KNTK
$3.59B
| – | – |
-23,835
| Closed | -$1.24M |
|
38
Republic Services
RSG
$66.7B
| – | – |
-3,302
| Closed | -$800K |
|
39
Wheaton Precious Metals
WPM
$50.9B
| – | – |
-2,830
| Closed | -$220K |
|
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Quaero Capital's Q2 2025 Portfolio in Review
As of Q2 2025, Quaero Capital held 71 positions worth $79.8M, up 14% from $70.2M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Quaero Capital withdrew a net $40.8M in Q2 2025, closing 6 positions and reducing 17 holdings. Its most notable exit was Kinetik, an estimated $1.24M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 15% of assets, down from 18% a quarter earlier, followed by Utilities and Technology.
Against the trend, Quaero Capital opened a new position in CMS Energy worth $496K.
- Quaero Capital's largest Q2 2025 buy was CMS Energy: 7,161 shares worth $496K.
- Quaero Capital added most to GE Vernova in Q2 2025, an estimated $187K increase.
- Quaero Capital's biggest Q2 2025 reduction was Waste Connections, cutting an estimated $965K.
- Quaero Capital fully exited Kinetik in Q2 2025, selling an estimated $1.24M.
- Quaero Capital's ten largest holdings make up 31% of its $79.8M portfolio in Q2 2025.
- Quaero Capital opened 11 new positions and closed 6 in Q2 2025.
- Quaero Capital's portfolio value rose 14% quarter-over-quarter to $79.8M.
Based on Quaero Capital's 13F filing for Q2 2025, filed 6 Aug 2025.