REAVES W H & CO INC Q4 2025 Filing
Filed February 10, 2026
Portfolio Value
$5.7T
Holdings
87
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (87 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | TLNTALEN ENERGY CORP | 1,521,697 | $570.4B | 9.98% | |
| 2 | CEGCONSTELLATION ENERGY CORP | 1,133,945 | $400.6B | 7.01% | |
| 3 | VSTVISTRA CORP. | 2,197,292 | $354.5B | 6.20% | |
| 4 | CNPCENTERPOINT ENERGY INC | 7,666,518 | $293.9B | 5.14% | |
| 5 | XELXCEL ENERGY INC COM | 3,579,918 | $264.4B | 4.62% | |
| 6 | IDAIDACORP INC COM | 1,807,811 | $228.8B | 4.00% | |
| 7 | NINISOURCE INC COM | 5,424,733 | $226.5B | 3.96% | |
| 8 | ETRENTERGY CORP NEW COM | 2,446,593 | $226.1B | 3.96% | |
| 9 | LNTALLIANT ENERGY CORP COM | 3,057,253 | $198.8B | 3.48% | |
| 10 | SRESEMPRA | 2,140,395 | $189.0B | 3.31% | |
| 11 | PPLPPL CORP COM | 4,424,814 | $155.0B | 2.71% | |
| 12 | PNWPINNACLE WEST CAP CORP COM | 1,719,774 | $152.5B | 2.67% | |
| 13 | CMSCMS ENERGY CORP COM | 2,087,283 | $146.0B | 2.55% | |
| 14 | TXNMTXNM ENERGY INC | 2,477,663 | $145.9B | 2.55% | |
| 15 | CCOCAMECO CORP COM | 1,453,978 | $133.0B | 2.33% | |
| 16 | MPMP MATLS CORP | 2,609,526 | $131.8B | 2.31% | |
| 17 | EQIXEQUINIX INC COM NEW | 168,968 | $129.5B | 2.26% | |
| 18 | PWRQUANTA SVCS INC COM | 270,609 | $114.2B | 2.00% | |
| 19 | EPDENTERPRISE PRODUCTS PARTNERS L | 3,493,940 | $112.0B | 1.96% | |
| 20 | AEEAMEREN CORP COM | 1,084,664 | $108.3B | 1.89% | |
| 21 | NEENEXTERA ENERGY INC COM | 1,329,628 | $106.7B | 1.87% | |
| 22 | DTMDT MIDSTREAM INC | 762,753 | $91.3B | 1.60% | |
| 23 | NRANRG ENERGY INC COM | 571,628 | $91.0B | 1.59% | |
| 24 | OGEOGE ENERGY CORP COM | 1,944,201 | $83.0B | 1.45% | |
| 25 | WMBWILLIAMS COS INC COM | 1,294,417 | $77.8B | 1.36% | |
| 26 | SBACSBA COMMUNICATIONS COR CL A | 362,464 | $70.1B | 1.23% | |
| 27 | GLWCORNING INC COM | 759,075 | $66.5B | 1.16% | |
| 28 | EQTEQT CORP COM | 1,161,975 | $62.3B | 1.09% | |
| 29 | DTEDTE ENERGY CO COM | 417,526 | $53.9B | 0.94% | |
| 30 | DYDYCOM INDS INC COM | 143,212 | $48.4B | 0.85% | |
| 31 | GEVGE VERNOVA INC | 73,403 | $48.0B | 0.84% | |
| 32 | PEGPUBLIC SVC ENTERPRISE GROUP IN | 562,991 | $45.2B | 0.79% | |
| 33 | LEUCENTRUS ENERGY CORP CL A | 174,500 | $42.4B | 0.74% | |
| 34 | WECWEC ENERGY GROUP INC COM | 377,501 | $39.8B | 0.70% | |
| 35 | NSCNORFOLK SOUTHERN CORP COM | 131,000 | $37.8B | 0.66% | |
| 36 | MPLXMPLX LP COM UNIT REP LTD | 670,500 | $35.8B | 0.63% | |
| 37 | OKEONEOK INC NEW COM | 461,740 | $33.9B | 0.59% | |
| 38 | TMUST-MOBILE US INC COM | 150,637 | $30.6B | 0.53% | |
| 39 | 8CWCROWN CASTLE INC | 326,798 | $29.0B | 0.51% | |
| 40 | —X-ENERGY REACTOR CO. LLC SERIE | 1,891,802 | $27.5B | 0.48% | |
| 41 | MPCMARATHON PETROLEUM CORP | 167,000 | $27.2B | 0.48% | |
| 42 | KRSPRICE ACQUISITION CORPORATION 3 | 2,400,000 | $25.2B | 0.44% | |
| 43 | NFGNATIONAL FUEL GAS - Restricted | 314,465 | $25.0B | 0.44% | |
| 44 | FYBRFRONTIER COMMUNICATIONS PARENT | 587,933 | $22.4B | 0.39% | |
| 45 | TICTIC SOLUTIONS INC | 2,149,991 | $21.7B | 0.38% | |
| 46 | CMCSACOMCAST CORP CLASS A | 690,100 | $20.6B | 0.36% | |
| 47 | UNPUNION PAC CORP COM | 80,163 | $18.5B | 0.32% | |
| 48 | AMTAMERICAN TOWER REIT COM | 98,037 | $17.2B | 0.30% | |
| 49 | FQIDIGITAL REALTY TR | 94,303 | $14.6B | 0.26% | |
| 50 | VRTVERTIV HOLDINGS CO | 82,880 | $13.4B | 0.23% | |
| 51 | UTLUNITIL CORP | 275,000 | $13.3B | 0.23% | |
| 52 | WBIWATERBRIDGE INFRASTRUCTURE LLC | 450,000 | $9.0B | 0.16% | |
| 53 | BRK/BBERKSHIRE HATHAWAY INC CLASS B | 17,751 | $8.9B | 0.16% | |
| 54 | LITELUMENTUM HOLDINGS INC | 20,500 | $7.6B | 0.13% | |
| 55 | JCIJOHNSON CTLS INTL PLC SHS | 49,996 | $6.0B | 0.10% | |
| 56 | OGM1COGENT COMMUNICATIONS HLDGS CO | 259,098 | $5.6B | 0.10% | |
| 57 | CHTRCHARTER COMMUNICATIONS INC | 24,500 | $5.1B | 0.09% | |
| 58 | COHRCOHERENT CORP | 26,000 | $4.8B | 0.08% | |
| 59 | LACLITHIUM AMERICAS CORP | 1,040,000 | $4.5B | 0.08% | |
| 60 | IRMIRON MTN INC NEW | 53,900 | $4.5B | 0.08% | |
| 61 | CPKCHESAPEAKE UTILS CORP | 30,000 | $3.7B | 0.07% | |
| 62 | LAMRLAMAR ADVERTISING CO | 25,000 | $3.2B | 0.06% | |
| 63 | ANETARISTA NETWORKS INC | 23,336 | $3.1B | 0.05% | |
| 64 | UTGREAVES UTIL INCOME FD COM SH B | 83,326 | $3.0B | 0.05% | |
| 65 | ATOATMOS ENERGY CORP COM | 16,678 | $2.8B | 0.05% | |
| 66 | TBNTAMBORAN RESOURCES CORP | 100,000 | $2.7B | 0.05% | |
| 67 | XOMEXXON MOBIL CORP | 17,910 | $2.2B | 0.04% | |
| 68 | SOSOUTHERN CO COM | 24,648 | $2.1B | 0.04% | |
| 69 | LINLINDE PLC SH | 4,352 | $1.9B | 0.03% | |
| 70 | PCGPG&E CORP COM | 99,104 | $1.6B | 0.03% | |
| 71 | CVXCHEVRON CORPORATION COM | 9,115 | $1.4B | 0.02% | |
| 72 | AAPLAPPLE INC COM | 4,800 | $1.3B | 0.02% | |
| 73 | DTEGYDEUTSCHE TELEKOM AG | 37,859 | $1.2B | 0.02% | |
| 74 | ECGEVERUS CONSTRUCTION GROUP INC | 12,500 | $1.1B | 0.02% | |
| 75 | DUKDUKE ENERGY CORP NEW COM NEW | 8,164 | $956.0M | 0.02% | |
| 76 | PLDPROLOGIS INC COM | 7,356 | $939.0M | 0.02% | |
| 77 | 4I1PHILLIP MORRIS INTERNATIONAL | 5,000 | $802.0M | 0.01% | |
| 78 | AWCAMERICAN WATER WORKS | 6,145 | $801.0M | 0.01% | |
| 79 | EVRGEVERGY INC COM | 9,924 | $719.0M | 0.01% | |
| 80 | JNJJOHNSON & JOHNSON COM | 3,278 | $678.0M | 0.01% | |
| 81 | NJRNEW JERSEY RES COM | 14,420 | $665.0M | 0.01% | |
| 82 | ODFLOLD DOMINION FREIGHT LINE | 4,200 | $658.0M | 0.01% | |
| 83 | CPCANADIAN PACIFIC KANSAS CITY L | 8,191 | $603.0M | 0.01% | |
| 84 | PPGPPG INDS INC COM | 5,000 | $512.0M | 0.01% | |
| 85 | MOALTRIA GROUP INC. | 8,000 | $461.0M | 0.01% | |
| 86 | PEOEXELON CORP COM | 7,990 | $348.0M | 0.01% | |
| 87 | BKRBAKER HUGHES CO CL A | 5,000 | $227.0M | 0.00% |