# Capital Innovations LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1596076. Source: https://holderbook.com/funds/1596076-capital-innovations-llc/

- Reported value: $385.2M
- Positions: 51
- Weight of the ten largest: 47.7%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $30.5M | 410,323 | 7.9% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $24.7M | 531,546 | 6.4% | 1 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $21.1M | 240,391 | 5.5% | 1 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $19.8M | 124,901 | 5.1% | 1 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $16.1M | 185,368 | 4.2% | 1 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $15.9M | 63,976 | 4.1% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $15.3M | 84,979 | 4.0% | 1 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $13.8M | 259,594 | 3.6% | 1 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $13.3M | 55,533 | 3.4% | 1 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $13.3M | 90,744 | 3.4% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $12.9M | 47,283 | 3.3% | 1 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $11.8M | 177,391 | 3.1% | 1 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $11.3M | 63,760 | 2.9% | 1 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $11.1M | 115,871 | 2.9% | 1 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $10.8M | 116,533 | 2.8% | 1 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $10.8M | 318,002 | 2.8% | 1 |
| ENBRIDGE INC | [ENB](https://holderbook.com/stocks/ENB/) | $10.0M | 184,766 | 2.6% | 1 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $9.6M | 58,925 | 2.5% | 1 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $8.0M | 54,239 | 2.1% | 1 |
| HA SUSTAINABLE INFRA CAP INC | [HASI](https://holderbook.com/stocks/HASI/) | $7.3M | 187,959 | 1.9% | 1 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $7.0M | 31,389 | 1.8% | 1 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $7.0M | 84,370 | 1.8% | 1 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $6.4M | 56,073 | 1.7% | 1 |
| EDISON INTL | [EIX](https://holderbook.com/stocks/EIX/) | $6.4M | 85,471 | 1.7% | 1 |
| RWE AG | [RWEOY](https://holderbook.com/stocks/RWEOY/) | $6.3M | 97,719 | 1.6% | 1 |
| BADGER METER INC | [BMI](https://holderbook.com/stocks/BMI/) | $5.8M | 39,375 | 1.5% | 1 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $4.7M | 36,013 | 1.2% | 1 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $4.2M | 61,605 | 1.1% | 1 |
| XYLEM INC | [XYL](https://holderbook.com/stocks/XYL/) | $4.1M | 34,513 | 1.1% | 1 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $4.0M | 49,822 | 1.0% | 1 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $4.0M | 23,801 | 1.0% | 1 |
| GFL ENVIRONMENTAL INC | [GFL](https://holderbook.com/stocks/GFL/) | $3.9M | 106,981 | 1.0% | 1 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $3.6M | 26,592 | 0.9% | 1 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $3.6M | 77,480 | 0.9% | 1 |
| Iberdrola SA | [IBDRY](https://holderbook.com/stocks/IBDRY/) | $3.0M | 29,888 | 0.8% | 1 |
| GRUPO AEROPORTUNARIO DEL PAC | [PAC](https://holderbook.com/stocks/PAC/) | $3.0M | 9,701 | 0.8% | 1 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $2.9M | 22,975 | 0.8% | 1 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $2.5M | 28,513 | 0.6% | 1 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $2.2M | 27,549 | 0.6% | 1 |
| ULTRAPAR PARTICIPACOES SA | [UGP](https://holderbook.com/stocks/UGP/) | $2.0M | 405,382 | 0.5% | 1 |
| FIRSTENERGY CORP | [FE](https://holderbook.com/stocks/FE/) | $2.0M | 41,927 | 0.5% | 1 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $1.8M | 23,622 | 0.5% | 1 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $1.4M | 36,596 | 0.4% | 1 |
| TRANSALTA CORP | [TAC](https://holderbook.com/stocks/TAC/) | $1.4M | 99,595 | 0.4% | 1 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $1.2M | 7,858 | 0.3% | 1 |
| GRUPO AEROPORTUARIO DEL CENT | [OMAB](https://holderbook.com/stocks/OMAB/) | $1.1M | 9,365 | 0.3% | 1 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $685.0K | 3,975 | 0.2% | 1 |
| Enel SpA | [ENLAY](https://holderbook.com/stocks/ENLAY/) | $569.0K | 49,779 | 0.1% | 1 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $562.0K | 11,825 | 0.1% | 1 |
| ENPHASE ENERGY INC | [ENPH](https://holderbook.com/stocks/ENPH/) | $547.0K | 11,110 | 0.1% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $33.0K | 194 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | +9.5% | -4.6% | +14.2% | 100% |
| Q1 2020 | -35.9% | -19.9% | -16.0% | 75% |
| Q4 2019 | +6.6% | +8.5% | -1.9% | 105% |
| Q3 2019 | -2.9% | +1.3% | -4.2% | 95% |
| Q2 2019 | +2.0% | +3.7% | -1.7% | 115% |
| Q1 2019 | +11.2% | +13.0% | -1.9% | 103% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $385.2M | 51 |
| Q1 2026 | $399.2M | 53 |
| Q4 2025 | $351.2M | 51 |
| Q1 2020 | $667.0K | 5 |
| Q4 2019 | $14.1M | 28 |
| Q3 2019 | $32.5M | 53 |
| Q2 2019 | $38.3M | 58 |
| Q1 2019 | $38.3M | 61 |
| Q4 2018 | $30.9M | 55 |