We are live on ! Find out more
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
Cap. Flow
+$389M
Cap. Flow %
6.81%
Top 10 Hldgs %
51.65%
Holding
93
New
10
Increased
27
Reduced
32
Closed
6

Top Buys

Rank Stock Value
1
LNT icon
Alliant Energy
LNT
+$85.6M
2
NEE icon
NextEra Energy
NEE
+$60.9M
3
VST icon
Vistra
VST
+$50.8M
4
SRE icon
Sempra
SRE
+$49.6M
5
NRG icon
NRG Energy
NRG
+$45.7M

Top Sells

Rank Stock Value
1
PEG icon
Public Service Enterprise Group
PEG
+$110M
2
AWK icon
American Water Works
AWK
+$36.7M
3
CMCSA icon
Comcast
CMCSA
+$33.3M
4
CHTR icon
Charter Communications
CHTR
+$32.9M
5
UNP icon
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
TLN
1
Talen Energy Corp
TLN
$16.7B
$570M 9.98%
1,521,697
+111,160
+8% +$43.2M
CEG icon
2
Constellation Energy
CEG
$95.6B
$401M 7.01%
1,133,945
+118,566
+12% +$43.1M
VST icon
3
Vistra
VST
$47.4B
$354M 6.2%
2,197,292
+278,763
+15% +$50.8M
CNP icon
4
CenterPoint Energy
CNP
$26.8B
$294M 5.14%
7,666,518
+446,252
+6% +$17.4M
XEL icon
5
Xcel Energy
XEL
$48.8B
$264M 4.63%
3,579,918
+415,759
+13% +$32.8M
IDA icon
6
Idacorp
IDA
$8.2B
$229M 4%
1,807,811
+107,131
+6% +$13.9M
NI icon
7
NiSource
NI
$20.4B
$227M 3.96%
5,424,733
+415,089
+8% +$17.7M
ETR icon
8
Entergy
ETR
$50B
$226M 3.96%
2,446,593
+158,226
+7% +$15M
LNT icon
9
Alliant Energy
LNT
$18B
$199M 3.48%
3,057,253
+1,278,166
+72% +$85.6M
SRE icon
10
Sempra
SRE
$54.8B
$189M 3.31%
2,140,395
+544,567
+34% +$49.6M
PPL
11
PPL Corp
PPL
$26.7B
$155M 2.71%
4,424,814
+88,531
+2% +$3.19M
PNW icon
12
Pinnacle West Capital
PNW
$12.2B
$153M 2.67%
1,719,774
-84,340
-5% -$7.55M
CMS icon
13
CMS Energy
CMS
$22.3B
$146M 2.55%
2,087,283
-61,735
-3% -$4.49M
TXNM
14
TXNM Energy Inc
TXNM
$5.94B
$146M 2.55%
2,477,663
-73,735
-3% -$4.26M
CCJ icon
15
Cameco
CCJ
$42.4B
$133M 2.33%
1,453,978
-1,801
-0.1% -$162K
MP icon
16
MP Materials
MP
$9.1B
$132M 2.31%
2,609,526
+19,618
+0.8% +$1.24M
EQIX icon
17
Equinix
EQIX
$103B
$129M 2.26%
168,968
+10,342
+7% +$8.11M
PWR icon
18
Quanta Services
PWR
$101B
$114M 2%
270,609
-353
-0.1% -$155K
EPD icon
19
Enterprise Products Partners
EPD
$81.7B
$112M 1.96%
3,493,940
– –
AEE icon
20
Ameren
AEE
$30.1B
$108M 1.89%
1,084,664
+120,652
+13% +$12.4M
NEE icon
21
NextEra Energy
NEE
$177B
$107M 1.87%
1,329,628
+735,867
+124% +$60.9M
DTM icon
22
DT Midstream
DTM
$13.4B
$91.3M 1.6%
762,753
+65,327
+9% +$7.51M
NRG icon
23
NRG Energy
NRG
$24.8B
$91M 1.59%
571,628
+276,157
+93% +$45.7M
OGE icon
24
OGE Energy
OGE
$9.71B
$83M 1.45%
1,944,201
+608,454
+46% +$27.1M
WMB icon
25
Williams Companies
WMB
$86.1B
$77.8M 1.36%
1,294,417
+205,190
+19% +$12.4M
1
2 3 4

Similar funds

NMIMC
Northwestern Mutual Investment Management Company Milwaukee, Wisconsin $6.6B AUM 19.75% 1-Year Est. Return
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 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.