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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
+9.11%
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
$6.03B
AUM Growth
+$309M
Cap. Flow
-$12M
Cap. Flow %
-0.2%
Top 10 Hldgs %
47.04%
Holding
94
New
7
Increased
27
Reduced
39
Closed
4

Top Buys

Rank Stock Value
1
CP icon
Canadian Pacific Kansas City
CP
+$84.6M
2
GEV icon
GE Vernova
GEV
+$79.3M
3
WMB icon
Williams Companies
WMB
+$55.1M
4
ANET icon
Arista Networks
ANET
+$52.4M
5
USAR
USA Rare Earth Inc
USAR
+$45M

Top Sells

Rank Stock Value
1
TXNM
TXNM Energy Inc
TXNM
+$144M
2
PNW icon
Pinnacle West Capital
PNW
+$61.9M
3
NI icon
NiSource
NI
+$59.1M
4
NSC icon
Norfolk Southern
NSC
+$37.8M
5
CCJ icon
Cameco
CCJ
+$37.4M

Sector Composition

Rank Sector Weight
1 Utilities 64.64%
2 Energy 13.14%
3 Industrials 8.86%
4 Real Estate 5.11%
5 Technology 3.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UNP icon
51
Union Pacific
UNP
$174B
$16.3M 0.27%
67,160
-13,003
-16% -$3.18M
ODFL icon
52
Old Dominion Freight Line
ODFL
$44.9B
$13.5M 0.22%
69,200
+65,000
+1,548% +$12.1M
UTL icon
53
Unitil
UTL
$980M
$13M 0.22%
248,275
-26,725
-10% -$1.37M
WBI
54
WaterBridge Infrastructure LLC
WBI
$1.5B
$12.1M 0.2%
450,000
– –
MWH
55
SOLV Energy Inc
MWH
$6.12B
$12M 0.2%
+400,000
New +$11.9M
TBN
56
Tamboran Resources
TBN
$1.17B
$8.5M 0.14%
170,000
+70,000
+70% +$2.11M
BRK.B icon
57
Berkshire Hathaway Class B
BRK.B
$1.13T
$8.49M 0.14%
17,726
-25
-0.1% -$12.3K
LNG icon
58
Cheniere Energy
LNG
$52.9B
$6.81M 0.11%
+24,000
New +$5.54M
JCI icon
59
Johnson Controls International
JCI
$92.2B
$6.5M 0.11%
49,666
-330
-0.7% -$42.6K
HTO
60
H2O America
HTO
$2.62B
$5.87M 0.1%
+100,000
New +$5.44M
LAC
61
Lithium Americas
LAC
$1.13B
$4.9M 0.08%
1,240,000
+200,000
+19% +$983K
UTG icon
62
Reaves Utility Income Fund
UTG
$3.61B
$3.32M 0.06%
84,562
+1,236
+1% +$48.3K
ATO icon
63
Atmos Energy
ATO
$28.8B
$3.08M 0.05%
16,660
-18
-0.1% -$3.18K
CPK icon
64
Chesapeake Utilities
CPK
$3.21B
$2.53M 0.04%
20,000
-10,000
-33% -$1.29M
FFIV icon
65
F5
FFIV
$22.7B
$2.49M 0.04%
+8,589
New +$2.38M
TXNM
66
TXNM Energy Inc
TXNM
$5.94B
$2.41M 0.04%
41,188
-2,436,475
-98% -$144M
SO icon
67
Southern Company
SO
$107B
$2.39M 0.04%
24,767
+119
+0.5% +$11K
XOM icon
68
ExxonMobil
XOM
$634B
$2.17M 0.04%
12,800
-5,110
-29% -$746K
LIN icon
69
Linde
LIN
$226B
$2.16M 0.04%
4,349
-3
-0.1% -$1.42K
LAMR icon
70
Lamar Advertising Co
LAMR
$16.3B
$1.77M 0.03%
14,000
-11,000
-44% -$1.44M
PCG icon
71
PG&E
PCG
$38.5B
$1.74M 0.03%
99,104
– –
DT
72
DELISTED
DEUTSCHE TELEKOM AG ADS (1ORD)
DT
$1.41M 0.02%
38,399
+540
+1% +$19.9K
AAPL icon
73
Apple
AAPL
$4.57T
$1.22M 0.02%
4,800
– –
DUK icon
74
Duke Energy
DUK
$97.3B
$1.08M 0.02%
8,277
+113
+1% +$14.1K
OKE icon
75
Oneok
OKE
$54.5B
$1.07M 0.02%
11,810
-449,930
-97% -$37M
1 2
3
4

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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 Q1 2026 Portfolio in Review

As of Q1 2026, W.H. Reaves & Co held 94 positions worth $6.03B, up 5.4% from $5.72B the previous quarter. Its ten largest holdings account for 47% of the portfolio.

W.H. Reaves & Co's Q1 2026 filing shows 7 new, 27 increased, 39 reduced and 4 closed positions. Its largest new stake was USA Rare Earth Inc: 2,320,000 shares worth $35.1M. The largest sale was TXNM Energy Inc, an estimated $144M.

By sector, the portfolio is most concentrated in Utilities at 65% of assets, down from 72% a quarter earlier, followed by Energy and Industrials.

  • W.H. Reaves & Co's largest Q1 2026 buy was USA Rare Earth Inc: 2,320,000 shares worth $35.1M.
  • W.H. Reaves & Co added most to Canadian Pacific Kansas City in Q1 2026, an estimated $84.6M increase.
  • W.H. Reaves & Co's biggest Q1 2026 reduction was TXNM Energy Inc, cutting an estimated $144M.
  • W.H. Reaves & Co fully exited Norfolk Southern in Q1 2026, selling an estimated $37.8M.
  • W.H. Reaves & Co's ten largest holdings make up 47% of its $6.03B portfolio in Q1 2026.
  • W.H. Reaves & Co opened 7 new positions and closed 4 in Q1 2026.
  • W.H. Reaves & Co's portfolio value rose 5.4% quarter-over-quarter to $6.03B.

Based on W.H. Reaves & Co's 13F filing for Q1 2026, filed 7 May 2026.