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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
-3.69%
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
$5.72B
AUM Growth
+$103M
(+1.8%)
Cap. Flow
+$389M
Cap. Flow
% of AUM
6.81%
Top 10 Holdings %
Top 10 Hldgs %
51.65%
Holding
93
New
10
Increased
27
Reduced
32
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alliant Energy
LNT
|
+$85.6M |
| 2 |
NextEra Energy
NEE
|
+$60.9M |
| 3 |
Vistra
VST
|
+$50.8M |
| 4 |
Sempra
SRE
|
+$49.6M |
| 5 |
NRG Energy
NRG
|
+$45.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Public Service Enterprise Group
PEG
|
+$110M |
| 2 |
American Water Works
AWK
|
+$36.7M |
| 3 |
Comcast
CMCSA
|
+$33.3M |
| 4 |
Charter Communications
CHTR
|
+$32.9M |
| 5 |
Union Pacific
UNP
|
+$24.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 71.85% |
| 2 | Energy | 11.48% |
| 3 | Industrials | 5.43% |
| 4 | Real Estate | 4.7% |
| 5 | Materials | 2.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Philip Morris
PM
$295B
| $802K | 0.01% |
5,000
| – | – |
|
|
77
American Water Works
AWK
$26.9B
| $802K | 0.01% |
6,145
-275,000
| -98% | -$36.7M |
|
78
Evergy
EVRG
$19.2B
| $719K | 0.01% |
9,924
| – | – |
|
79
Johnson & Johnson
JNJ
$625B
| $678K | 0.01% |
3,278
| – | – |
|
80
New Jersey Resources
NJR
$5.58B
| $665K | 0.01% |
14,420
-600
| -4% | -$27.7K |
|
81
Old Dominion Freight Line
ODFL
$44.9B
| $659K | 0.01% |
4,200
-4,000
| -49% | -$573K |
|
82
Canadian Pacific Kansas City
CP
$80.5B
| $603K | 0.01% |
8,191
-1,153
| -12% | -$84.9K |
|
83
PPG Industries
PPG
$26.6B
| $512K | 0.01% |
5,000
| – | – |
|
84
Altria Group
MO
$114B
| $461K | 0.01% |
8,000
| – | – |
|
85
Exelon
EXC
$47B
| $348K | 0.01% |
7,990
-8,375
| -51% | -$382K |
|
86
Baker Hughes
BKR
$61.1B
| $228K | ﹤0.01% |
+5,000
| New | +$237K |
|
87
Canadian National Railway
CNI
$76.6B
| – | – |
-28,796
| Closed | -$2.72M |
|
88
CSX Corp
CSX
$93.1B
| – | – |
-150,000
| Closed | -$5.33M |
|
89
Edison International
EIX
$26.4B
| – | – |
-6,520
| Closed | -$360K |
|
|
SCE.PRJ
90
DELISTED
SCE TRUST IV 5.375% Fixed-to-Floating Rate Trust Preference Securities
SCE.PRJ
| – | – |
-63,125
| Closed | -$1.49M |
|
91
AT&T
T
$163B
| – | – |
-180,652
| Closed | -$5.1M |
|
92
Verizon
VZ
$196B
| – | – |
-4,665
| Closed | -$205K |
|
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W.H. Reaves & Co's Q4 2025 Portfolio in Review
As of Q4 2025, W.H. Reaves & Co held 93 positions worth $5.72B, up 1.8% from $5.61B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
W.H. Reaves & Co deployed $389M of net new capital in Q4 2025, opening 10 new positions and adding to 27 existing holdings. Its largest new stake was National Fuel Gas: 314,465 shares worth $25M.
By sector, the portfolio is most concentrated in Utilities at 72% of assets, up from 71% a quarter earlier, followed by Energy and Industrials.
On the sell side, the largest reduction was Public Service Enterprise Group, an estimated $110M trimmed.
- W.H. Reaves & Co's largest Q4 2025 buy was National Fuel Gas: 314,465 shares worth $25M.
- W.H. Reaves & Co added most to Alliant Energy in Q4 2025, an estimated $85.6M increase.
- W.H. Reaves & Co's biggest Q4 2025 reduction was Public Service Enterprise Group, cutting an estimated $110M.
- W.H. Reaves & Co fully exited CSX Corp in Q4 2025, selling an estimated $5.33M.
- W.H. Reaves & Co's ten largest holdings make up 52% of its $5.72B portfolio in Q4 2025.
- W.H. Reaves & Co opened 10 new positions and closed 6 in Q4 2025.
- W.H. Reaves & Co's portfolio value rose 1.8% quarter-over-quarter to $5.72B.
Based on W.H. Reaves & Co's 13F filing for Q4 2025, filed 10 Feb 2026.