# MEKETA INVESTMENT GROUP INC /ADV

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 310436. Source: https://holderbook.com/funds/310436-meketa-investment-group-inc-adv/

- Reported value: $29.6M
- Positions: 28
- Weight of the ten largest: 50.3%
- Filed: 2026-02-11

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 |
|---|---|---|---|---|---|
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $1.7M | 28,398 | 5.7% | 5 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $1.6M | 11,034 | 5.4% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.6M | 19,809 | 5.4% | 5 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $1.6M | 10,267 | 5.3% | 5 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.5M | 11,521 | 5.0% | 5 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.5M | 6,333 | 5.0% | 5 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $1.4M | 8,931 | 4.9% | 5 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $1.4M | 16,069 | 4.8% | 5 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $1.4M | 8,156 | 4.6% | 5 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $1.3M | 21,944 | 4.3% | 5 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $1.2M | 7,109 | 4.2% | 5 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $1.2M | 13,277 | 4.0% | 5 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $1.2M | 22,505 | 4.0% | 5 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $1.1M | 8,232 | 3.6% | 5 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.1M | 12,179 | 3.6% | 5 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $1.1M | 5,452 | 3.6% | 5 |
| TPG INC | [TPG](https://holderbook.com/stocks/TPG/) | $956.3K | 14,980 | 3.2% | 5 |
| STEPSTONE GROUP INC | [STEP](https://holderbook.com/stocks/STEP/) | $921.7K | 14,363 | 3.1% | 5 |
| HAMILTON LANE INC | [HLNE](https://holderbook.com/stocks/HLNE/) | $837.4K | 6,235 | 2.8% | 5 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $739.3K | 20,394 | 2.5% | 5 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $689.0K | 11,463 | 2.3% | 5 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $668.9K | 14,577 | 2.3% | 5 |
| BLUE OWL CAPITAL INC | [OWL](https://holderbook.com/stocks/OWL/) | $634.3K | 42,456 | 2.1% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $568.1K | 20,665 | 1.9% | 5 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $565.4K | 7,693 | 1.9% | 5 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $540.8K | 1,873 | 1.8% | 5 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $525.4K | 2,703 | 1.8% | 5 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $246.4K | 4,016 | 0.8% | 5 |

## 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 |
|---|---|---|---|---|
| Q4 2025 | -2.8% | +2.4% | -5.2% | 100% |
| Q3 2025 | +2.5% | +7.8% | -5.4% | 100% |
| Q2 2025 | +7.3% | +10.5% | -3.1% | 109% |
| Q1 2025 | -7.3% | -4.6% | -2.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $29.6M | 28 |
| Q3 2025 | $30.5M | 28 |
| Q2 2025 | $33.0M | 28 |
| Q1 2025 | $74.2M | 33 |
| Q4 2024 | $44.6M | 33 |