Fractal Investments LLC
Reported holdings as of Q2 2026, from 19 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ENERGY TRANSFER L P | ET | $104.6M | 5,471,353 | +1.06pp | 19q | +13.5%+$12.4M | |
| MPLX LP | MPLX | $94.0M | 1,668,116 | -3.01pp | 19q | -18.7%-$21.6M | |
| PLAINS ALL AMERN PIPELINE L | PAA | $80.7M | 3,625,784 | -0.27pp | 19q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $67.5M | 1,837,044 | -0.44pp | 19q | HELD | |
| WESTERN MIDSTREAM PARTNERS L | WES | $66.7M | 1,524,646 | +0.01pp | 19q | -3.4%-$2.3M | |
| WILLIAMS COS INC | WMB | $62.5M | 840,072 | +0.19pp | 12q | +3.2%+$1.9M | |
| TARGA RES CORP | TRGP | $51.8M | 193,089 | +1.27pp | 19q | +21.9%+$9.3M | |
| SUNOCO LP/SUNOCO FIN CORP | SUN | $46.0M | 682,002 | +0.57pp | 14q | +10.6%+$4.4M | |
| TC ENERGY CORP | TRP | $44.4M | 670,000 | +0.32pp | 9q | +3.2%+$1.4M | |
| HESS MIDSTREAM LP | HESM | $43.6M | 1,160,420 | -0.42pp | 19q | -2.1%-$932.5K | |
| DT MIDSTREAM INC | DTM | $33.9M | 230,999 | +0.23pp | 19q | HELD | |
| KINDER MORGAN INC DEL | KMI | $33.5M | 1,046,638 | -0.29pp | 19q | HELD | |
| CHENIERE ENERGY INC | LNG | $18.6M | 77,685 | -0.12pp | 19q | +15.3%+$2.5M | |
| ONEOK INC NEW | OKE | $13.6M | 156,630 | -0.10pp | 19q | HELD | |
| NGL ENERGY PARTNERS LP | NGL | $13.3M | 832,479 | +0.32pp | 13q | HELD | |
| CHENIERE ENERGY PARTNERS LP | CQP | $11.8M | 194,126 | -0.12pp | 19q | HELD | |
| GLOBAL PARTNERS LP | GLP | $9.1M | 195,234 | +0.08pp | 14q | HELD | |
| SANDISK CORP | SNDK | $7.7M | 3,400 | +0.56pp | 3q | -22.7%-$2.3M | |
| ANTERO MIDSTREAM CORP | AM | $5.3M | 233,383 | +0.10pp | 2q | +22.6%+$978.2K | |
| GENESIS ENERGY L P | GEL | $4.9M | 343,243 | -0.16pp | 19q | HELD | |
| GE VERNOVA INC | GEV | $4.6M | 3,949 | +0.13pp | 8q | HELD | |
| SUBURBAN PROPANE PARTNERS L | SPH | $3.7M | 214,864 | -0.08pp | 13q | HELD | |
| ENBRIDGE INC | ENB | $3.7M | 67,500 | -0.01pp | 5q | HELD | |
| QNITY ELECTRONICS INC | Q | $3.3M | 20,000 | +0.14pp | 3q | +17.6%+$489.9K | |
| SOLSTICE ADVANCED MATLS INC | SOLS | $2.5M | 28,100 | +0.06pp | 3q | +12.0%+$265.8K | |
| WESTLAKE CHEM PARTNERS LP | WLKP | $1.8M | 80,400 | flat | 6q | HELD | |
| CATERPILLAR INC | CAT | $1.4M | 1,342 | +0.13pp | 10q | +203.6%+$958.4K | |
| NEWMONT CORP | NEM | $1.4M | 15,218 | -0.03pp | 4q | HELD | |
| CRANE COMPANY | CR | $1.4M | 6,300 | +0.06pp | 11q | +28.6%+$312.3K | |
| KINETIK HOLDINGS INC | KNTK | $1.3M | 27,502 | flat | 11q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $1.3M | 9,710 | -0.04pp | 13q | HELD | |
| SUMMIT MIDSTREAM CORPORATION | SMC | $1.3M | 45,000 | -0.01pp | 8q | HELD | |
| PHINIA INC | PHIN | $1.2M | 14,900 | +0.02pp | 12q | HELD | |
| CF INDUSTRIES HOLD | CF | $1.1M | 10,300 | -0.03pp | 19q | HELD | |
| EVERUS CONSTR GROUP | ECG | $1.1M | 6,400 | +0.05pp | 5q | +30.6%+$248.9K | |
| FREEPORT-MCMORAN INC | FCX | $947.6K | 15,068 | flat | 19q | HELD | |
| SHELL PLC | SHEL | $898.5K | 11,588 | -0.02pp | 5q | HELD | |
| SUNCOR ENERGY INC NEW | SU | $880.4K | 16,400 | -0.03pp | 12q | HELD | |
| KEYSIGHT TECHNOLOGIES INC | KEYS | $875.2K | 2,500 | - | new | NEW | |
| VERALTO CORP | VLTO | $780.4K | 8,800 | flat | 11q | HELD | |
| RIO TINTO PLC | RIO | $778.4K | 8,200 | flat | 19q | HELD | |
| SOUTHERN COPPER CORP | SCCO | $770.1K | 4,419 | flat | 18q | +1.0%+$7.5K | |
| BHP BILLITON LIMITED | BHP | $749.8K | 9,000 | +0.01pp | 19q | HELD | |
| AGNICO EAGLE MINES LTD | AEM | $746.0K | 4,809 | -0.03pp | 9q | HELD | |
| RALLIANT CORP | RAL | $736.3K | 10,000 | - | new | NEW | |
| PARKER-HANNIFIN CORP | PH | $714.0K | 730 | +0.01pp | 10q | HELD | |
| CHEVRON CORPORATION | CVX | $696.2K | 4,200 | -0.02pp | 16q | HELD | |
| STEEL DYNAMICS INC | STLD | $618.2K | 2,694 | +0.01pp | 19q | HELD | |
| MUELLER INDS INC | MLI | $605.6K | 4,926 | +0.01pp | 15q | HELD | |
| BARRICK MNG CORP | B | $602.4K | 16,400 | -0.01pp | 5q | HELD | |
| CONCENTRA GROUP HOLDINGS PAR | CON | $595.0K | 20,000 | - | new | NEW | |
| MARATHON PETE CORP | MPC | $585.7K | 2,291 | flat | 16q | HELD | |
| NCR ATLEOS CORPORATION | NATL | $551.3K | 12,700 | flat | 9q | HELD | |
| DELEK LOGISTICS PARTNERS LP | DKL | $544.2K | 10,559 | flat | 19q | HELD | |
| LIBERTY LIVE HOLDINGS INC | LLYVK | $543.3K | 5,143 | +0.01pp | 3q | HELD | |
| FORTIVE CORP | FTV | $513.2K | 8,400 | flat | 3q | HELD | |
| SPHERE ENTERTAINMENT CO | SPHR | $501.8K | 2,900 | - | new | NEW | |
| CONSTELLATION ENERGY CORP | CEG | $493.0K | 1,985 | -0.01pp | 8q | HELD | |
| CONOCOPHILLIPS | COP | $467.0K | 4,492 | -0.02pp | 16q | HELD | |
| ENI S P A | E | $430.5K | 9,186 | -0.01pp | 2q | HELD | |
| IMPERIAL OIL LTD | IMO | $415.6K | 3,710 | -0.01pp | 2q | HELD | |
| TRANE TECHNOLOGIES PLC | TT | $392.9K | 800 | +0.01pp | 10q | HELD | |
| COMMERCIAL METALS CO | CMC | $389.1K | 6,200 | flat | 4q | HELD | |
| RELIANCE INC | RS | $373.6K | 1,000 | +0.01pp | 16q | HELD | |
| VALERO ENERGY CORP | VLO | $354.2K | 1,360 | flat | 4q | HELD | |
| PROLOGIS INC. | PLD | $325.1K | 2,400 | flat | 5q | HELD | |
| HF SINCLAIR CORP | DINO | $320.4K | 4,600 | flat | 2q | HELD | |
| KIRBY CORP | KEX | $299.1K | 2,200 | - | new | NEW | |
| FORTREA HLDGS INC | FTRE | $295.8K | 17,000 | - | new | NEW | |
| ARCELORMITTAL SA LUXEMBOURG | MT | $289.1K | 4,800 | flat | 3q | HELD | |
| ATRIUM THERAPEUTICS INC | RNA | $269.0K | 20,000 | flat | 2q | HELD | |
| VERSIGENT PLC | VGNT | $252.1K | 6,000 | - | new | NEW | |
| PAN AMERN SILVER CORP | PAAS | $249.3K | 5,567 | -0.01pp | 4q | HELD | |
| GE AEROSPACE | GE | $246.7K | 660 | - | new | NEW | |
| HALLIBURTON CO | HAL | $244.4K | 7,200 | -0.01pp | 3q | HELD | |
| TRANSOCEAN LTD | RIG | $234.7K | 48,000 | - | new | NEW | |
| BAKER HUGHES COMPANY | BKR | $216.4K | 3,900 | flat | 2q | HELD | |
| GREIF INC | GEF | $208.6K | 2,800 | - | new | NEW | |
| FTAI INFRASTRUCTURE INC | FIP | $153.1K | 33,000 | flat | 15q | HELD | |
| GERDAU SA | GGB | $134.4K | 33,264 | flat | 19q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Energy | $624.9M | 72.1% |
| Transport & Logistics | $184.5M | 21.3% |
| Other sectors | $56.1M | 6.5% |
| Not classified | $1.3M | 0.2% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $866.9M | 80 | 10 | 13 | 4 | 11 | 76.3% | 23 |
| Q1 2026 | $845.0M | 81 | 9 | 6 | 4 | 8 | 77.1% | 13 |
| Q4 2025 | $716.2M | 80 | 10 | 5 | 4 | 7 | 78.5% | 27 |
| Q3 2025 | $692.7M | 77 | 4 | 3 | 6 | 3 | 77.4% | 27 |
| Q2 2025 | $701.0M | 76 | 8 | 9 | 2 | 5 | 79.1% | 7 |
| Q1 2025 | $719.6M | 73 | 6 | 9 | 4 | 9 | 82.4% | 36 |
| Q4 2024 | $653.5M | 76 | 2 | 11 | 7 | 9 | 80.1% | 27 |
| Q3 2024 | $591.6M | 83 | 6 | 7 | 3 | 5 | 82.1% | 30 |
| Q2 2024 | $574.6M | 82 | 8 | 9 | 6 | 7 | 83.1% | 30 |
| Q1 2024 | $550.7M | 81 | 13 | 6 | 7 | 6 | 82.3% | 39 |
| Q4 2023 | $486.2M | 74 | 9 | 13 | 20 | 30 | 79.3% | 33 |
| Q3 2023 | $486.6M | 95 | 7 | 13 | 7 | 15 | 79.3% | 31 |
| Q2 2023 | $449.0M | 103 | 12 | 12 | 11 | 5 | 80.8% | 35 |
| Q1 2023 | $430.4M | 96 | 12 | 6 | 3 | 8 | 80.7% | 33 |
| Q4 2022 | $419.6M | 92 | 10 | 9 | 3 | 4 | 78.6% | 24 |
| Q3 2022 | $377.7M | 86 | 25 | 41 | 2 | 7 | 78.1% | 27 |
| Q2 2022 | $304.2M | 68 | 11 | 26 | 5 | 60 | 74.5% | 19 |
| Q1 2022 | $339.9M | 117 | 12 | 11 | 19 | 21 | 71.2% | 20 |
| Q4 2021 | $289.3M | 126 | 0 | 0 | 0 | 0 | 69.7% | 40 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.