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WHRC

W.H. Reaves & Co Portfolio holdings

AUM $6.59B
1-Year Est. Return 31.9%
This Fund
S&P 500
This Quarter Est. Return
+13.68%
1 Year Est. Return
+31.9%
3 Year Est. Return
+110.59%
5 Year Est. Return
+109.01%
10 Year Est. Return
+209.13%
AUM
$5.61B
AUM Growth
+$1.1B
Cap. Flow
+$664M
Cap. Flow %
11.83%
Top 10 Hldgs %
50.51%
Holding
85
New
8
Increased
25
Reduced
32
Closed
2

Top Buys

Rank Stock Value
1
MP icon
MP Materials
MP
+$102M
2
VST icon
Vistra
VST
+$69.4M
3
CEG icon
Constellation Energy
CEG
+$62M
4
TLN
Talen Energy Corp
TLN
+$57.1M
5
NI icon
NiSource
NI
+$53.3M

Top Sells

Rank Stock Value
1
ATO icon
Atmos Energy
ATO
+$33.6M
2
PCG icon
PG&E
PCG
+$30.2M
3
VRT icon
Vertiv
VRT
+$26.1M
4
UNP icon
Union Pacific
UNP
+$25.3M
5
NEE icon
NextEra Energy
NEE
+$21.9M

Sector Composition

Rank Sector Weight
1 Utilities 71.36%
2 Energy 10.87%
3 Industrials 5.29%
4 Real Estate 4.81%
5 Communication Services 3.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DUK icon
51
Duke Energy
DUK
$97.3B
$12.3M 0.22%
99,459
+91,295
+1,118% +$11.1M
WBI
52
WaterBridge Infrastructure LLC
WBI
$1.5B
$11.3M 0.2%
+450,000
New +$10.6M
LIN icon
53
Linde
LIN
$226B
$10.1M 0.18%
21,239
-44
-0.2% -$20.8K
GEV icon
54
GE Vernova
GEV
$264B
$9.22M 0.16%
15,000
-5,000
-25% -$3.03M
BRK.B icon
55
Berkshire Hathaway Class B
BRK.B
$1.13T
$8.92M 0.16%
17,751
-577
-3% -$279K
JCI icon
56
Johnson Controls International
JCI
$92.2B
$5.57M 0.1%
50,698
+166
+0.3% +$17.7K
CSX icon
57
CSX Corp
CSX
$93.1B
$5.33M 0.09%
+150,000
New +$5.12M
T icon
58
AT&T
T
$163B
$5.1M 0.09%
180,652
-203
-0.1% -$5.76K
CPK icon
59
Chesapeake Utilities
CPK
$3.21B
$4.04M 0.07%
30,000
– –
UTG icon
60
Reaves Utility Income Fund
UTG
$3.61B
$3.25M 0.06%
82,060
-6,563
-7% -$248K
LAMR icon
61
Lamar Advertising Co
LAMR
$16.3B
$3.06M 0.05%
25,000
– –
SO icon
62
Southern Company
SO
$107B
$2.85M 0.05%
30,048
– –
CNI icon
63
Canadian National Railway
CNI
$76.6B
$2.72M 0.05%
28,796
-412
-1% -$39.8K
XOM icon
64
ExxonMobil
XOM
$634B
$2.02M 0.04%
17,910
– –
CVX icon
65
Chevron
CVX
$366B
$1.73M 0.03%
11,115
– –
PCG icon
66
PG&E
PCG
$38.5B
$1.61M 0.03%
106,570
-2,072,851
-95% -$30.2M
SCE.PRJ
67
DELISTED
SCE TRUST IV 5.375% Fixed-to-Floating Rate Trust Preference Securities
SCE.PRJ
$1.49M 0.03%
63,125
– –
DT
68
DELISTED
DEUTSCHE TELEKOM AG ADS (1ORD)
DT
$1.29M 0.02%
37,859
– –
AAPL icon
69
Apple
AAPL
$4.57T
$1.22M 0.02%
4,800
– –
ODFL icon
70
Old Dominion Freight Line
ODFL
$44.9B
$1.15M 0.02%
8,200
-66,005
-89% -$10.1M
LAC
71
Lithium Americas
LAC
$1.17B
$1.14M 0.02%
+200,000
New +$632K
ECG
72
Everus Construction Group
ECG
$6.99B
$1.07M 0.02%
12,500
– –
PLD icon
73
Prologis
PLD
$133B
$842K 0.02%
7,356
– –
PM icon
74
Philip Morris
PM
$295B
$811K 0.01%
5,000
– –
EVRG icon
75
Evergy
EVRG
$19.2B
$754K 0.01%
+9,924
New +$707K
1 2
3
4

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NMIMC
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HFS
Hantz Financial Services Southfield, Michigan $6.56B AUM 16.11% 1-Year Est. Return
OCM
Oaktree Capital Management Los Angeles, California $6.56B AUM 42.97% 1-Year Est. Return
LAM
Lyrical Asset Management New York $6.56B AUM 20.06% 1-Year Est. Return
BF
BOK Financial Tulsa, Oklahoma $6.54B AUM 25.41% 1-Year Est. Return
AG
Algert Global San Francisco, California $6.65B AUM 53.68% 1-Year Est. Return
CG
Carmignac Gestion Paris, France $6.51B AUM 19.13% 1-Year Est. Return
TCM
Tenor Capital Management New York $6.49B AUM 3% 1-Year Est. Return

W.H. Reaves & Co's Q3 2025 Portfolio in Review

As of Q3 2025, W.H. Reaves & Co held 85 positions worth $5.61B, up 24% from $4.51B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

W.H. Reaves & Co deployed $664M of net new capital in Q3 2025, opening 8 new positions and adding to 25 existing holdings. Its largest new stake was Crown Castle: 328,217 shares worth $31.7M.

By sector, the portfolio is most concentrated in Utilities at 71% of assets, up from 68% a quarter earlier, followed by Energy and Industrials.

On the sell side, the largest reduction was Atmos Energy, an estimated $33.6M trimmed.

  • W.H. Reaves & Co's largest Q3 2025 buy was Crown Castle: 328,217 shares worth $31.7M.
  • W.H. Reaves & Co added most to MP Materials in Q3 2025, an estimated $102M increase.
  • W.H. Reaves & Co's biggest Q3 2025 reduction was Atmos Energy, cutting an estimated $33.6M.
  • W.H. Reaves & Co fully exited MDU Resources in Q3 2025, selling an estimated $834K.
  • W.H. Reaves & Co's ten largest holdings make up 51% of its $5.61B portfolio in Q3 2025.
  • W.H. Reaves & Co opened 8 new positions and closed 2 in Q3 2025.
  • W.H. Reaves & Co's portfolio value rose 24% quarter-over-quarter to $5.61B.

Based on W.H. Reaves & Co's 13F filing for Q3 2025, filed 6 Nov 2025.