We are live on
!
Find out more
W.H. Reaves & Co Portfolio holdings
AUM
$6.59B
Turnover
19.61%
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
Avg Time Held
4.5
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
1.5
years
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
Talen Energy Corp
TLN
$16.7B
| $570M | 9.98% |
1,521,697
+111,160
| +8% | +$43.2M |
2024 Q3
5 quarters
|
|
2
Constellation Energy
CEG
$97.4B
| $401M | 7.01% |
1,133,945
+118,566
| +12% | +$43.1M |
2022 Q1
15 quarters
|
|
|
3
Vistra
VST
$51.7B
| $354M | 6.2% |
2,197,292
+278,763
| +15% | +$50.8M |
2022 Q2
14 quarters
|
|
4
CenterPoint Energy
CNP
$26.2B
| $294M | 5.14% |
7,666,518
+446,252
| +6% | +$17.4M |
2023 Q2
10 quarters
|
|
5
Xcel Energy
XEL
$46.9B
| $264M | 4.63% |
3,579,918
+415,759
| +13% | +$32.8M |
2016 Q1
39 quarters
|
|
6
Idacorp
IDA
$7.91B
| $229M | 4% |
1,807,811
+107,131
| +6% | +$13.9M |
2023 Q4
8 quarters
|
|
7
NiSource
NI
$19.8B
| $227M | 3.96% |
5,424,733
+415,089
| +8% | +$17.7M |
2013 Q2
50 quarters
|
|
8
Entergy
ETR
$49.7B
| $226M | 3.96% |
2,446,593
+158,226
| +7% | +$15M |
2021 Q1
19 quarters
|
|
|
9
Alliant Energy
LNT
$17.4B
| $199M | 3.48% |
3,057,253
+1,278,166
| +72% | +$85.6M |
2020 Q2
22 quarters
|
|
|
10
Sempra
SRE
$53.6B
| $189M | 3.31% |
2,140,395
+544,567
| +34% | +$49.6M |
2013 Q2
50 quarters
|
|
11
PPL Corp
PPL
$25.9B
| $155M | 2.71% |
4,424,814
+88,531
| +2% | +$3.19M |
2022 Q2
14 quarters
|
|
12
Pinnacle West Capital
PNW
$12.3B
| $153M | 2.67% |
1,719,774
-84,340
| -5% | -$7.55M |
2023 Q2
10 quarters
|
|
13
CMS Energy
CMS
$21B
| $146M | 2.55% |
2,087,283
-61,735
| -3% | -$4.49M |
2014 Q1
47 quarters
|
|
14
TXNM Energy Inc
TXNM
$6.45B
| $146M | 2.55% |
2,477,663
-73,735
| -3% | -$4.26M |
2023 Q2
10 quarters
|
|
15
Cameco
CCJ
$36.2B
| $133M | 2.33% |
1,453,978
-1,801
| -0.1% | -$162K |
2024 Q2
6 quarters
|
|
16
MP Materials
MP
$7.41B
| $132M | 2.31% |
2,609,526
+19,618
| +0.8% | +$1.24M |
2025 Q2
2 quarters
|
|
17
Equinix
EQIX
$98.3B
| $129M | 2.26% |
168,968
+10,342
| +7% | +$8.11M |
2018 Q2
30 quarters
|
|
18
Quanta Services
PWR
$96.6B
| $114M | 2% |
270,609
-353
| -0.1% | -$155K |
2024 Q1
7 quarters
|
|
19
Enterprise Products Partners
EPD
$76.8B
| $112M | 1.96% |
3,493,940
| – | – |
2023 Q4
8 quarters
|
|
20
Ameren
AEE
$28.7B
| $108M | 1.89% |
1,084,664
+120,652
| +13% | +$12.4M |
2025 Q2
2 quarters
|
|
|
21
NextEra Energy
NEE
$165B
| $107M | 1.87% |
1,329,628
+735,867
| +124% | +$60.9M |
2013 Q2
50 quarters
|
|
22
DT Midstream
DTM
$12.1B
| $91.3M | 1.6% |
762,753
+65,327
| +9% | +$7.51M |
2021 Q3
17 quarters
|
|
|
23
NRG Energy
NRG
$21.6B
| $91M | 1.59% |
571,628
+276,157
| +93% | +$45.7M |
2025 Q1
3 quarters
|
|
24
OGE Energy
OGE
$9.72B
| $83M | 1.45% |
1,944,201
+608,454
| +46% | +$27.1M |
2021 Q4
16 quarters
|
|
25
Williams Companies
WMB
$84.7B
| $77.8M | 1.36% |
1,294,417
+205,190
| +19% | +$12.4M |
2022 Q2
14 quarters
|
|
Similar funds
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.