# REAVES W H & CO INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 740913. Source: https://holderbook.com/funds/740913-reaves-w-h-co-inc/

- Reported value: $6.6B
- Positions: 94
- Weight of the ten largest: 45.5%
- Filed: 2026-07-30

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 |
|---|---|---|---|---|---|
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $567.4M | 1,476,664 | 8.6% | 11 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $342.1M | 2,978,267 | 5.2% | 22 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $328.5M | 2,070,918 | 5.0% | 17 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $325.5M | 1,310,640 | 4.9% | 18 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $291.9M | 6,627,665 | 4.4% | 13 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $269.7M | 3,358,472 | 4.1% | 31 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $267.8M | 1,770,065 | 4.1% | 11 |
| ALLIANT ENERGY CORP | [LNT](https://holderbook.com/stocks/LNT/) | $212.4M | 2,784,686 | 3.2% | 25 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $199.5M | 169,847 | 3.0% | 6 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $194.4M | 4,088,685 | 2.9% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $182.6M | 714,933 | 2.8% | 4 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $181.0M | 173,604 | 2.7% | 31 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $177.3M | 246,303 | 2.7% | 10 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $176.0M | 1,898,237 | 2.7% | 31 |
| DT MIDSTREAM INC | [DTM](https://holderbook.com/stocks/DTM/) | $157.8M | 1,075,353 | 2.4% | 20 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $157.2M | 2,114,150 | 2.4% | 17 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $146.1M | 1,909,154 | 2.2% | 31 |
| MP MATERIALS CORP | [MP](https://holderbook.com/stocks/MP/) | $146.0M | 2,606,844 | 2.2% | 5 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $136.1M | 994,697 | 2.1% | 2 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $133.1M | 263,260 | 2.0% | 9 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $128.4M | 3,493,940 | 1.9% | 11 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $126.3M | 1,439,436 | 1.9% | 31 |
| CAMECO CORP | [CCJ](https://holderbook.com/stocks/CCJ/) | $114.6M | 1,125,240 | 1.7% | 9 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $108.5M | 1,252,277 | 1.6% | 13 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $97.8M | 913,786 | 1.5% | 13 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $96.0M | 822,305 | 1.5% | 4 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $95.7M | 846,298 | 1.5% | 5 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $93.5M | 640,357 | 1.4% | 6 |
| DTE ENERGY CO | [DTE](https://holderbook.com/stocks/DTE/) | $88.6M | 581,441 | 1.3% | 31 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $84.0M | 213,055 | 1.3% | 3 |
| OGE ENERGY CORP | [OGE](https://holderbook.com/stocks/OGE/) | $73.7M | 1,513,586 | 1.1% | 19 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $56.9M | 322,464 | 0.9% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $53.1M | 312,537 | 0.8% | 3 |
|  | - | $50.0M | 3,125,000 | 0.8% | 1 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $50.0M | 939,843 | 0.8% | 6 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $43.8M | 183,209 | 0.7% | 2 |
| USA RARE EARTH INC | [USAR](https://holderbook.com/stocks/USAR/) | $43.2M | 2,000,000 | 0.7% | 2 |
| CENTRUS ENERGY CORP | [LEU](https://holderbook.com/stocks/LEU/) | $38.0M | 226,429 | 0.6% | 7 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $37.8M | 670,500 | 0.6% | 7 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $34.6M | 211,538 | 0.5% | 23 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $34.2M | 39,906 | 0.5% | 3 |
|  | - | $31.3M | 1,891,802 | 0.5% | 1 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $30.1M | 167,437 | 0.5% | 17 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $29.2M | 174,266 | 0.4% | 25 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $27.8M | 128,200 | 0.4% | 10 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $26.8M | 212,533 | 0.4% | 3 |
| RICE ACQUISITION CORP 3 | [KRSPU](https://holderbook.com/stocks/KRSPU/) | $25.7M | 2,400,000 | 0.4% | 3 |
| TIC SOLUTIONS INC | [TIC](https://holderbook.com/stocks/TIC/) | $25.4M | 3,145,735 | 0.4% | 3 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $24.3M | 314,465 | 0.4% | 2 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $20.5M | 300,000 | 0.3% | 1 |
| TAMBORAN RES CORP | [TBN](https://holderbook.com/stocks/TBN/) | $20.0M | 615,001 | 0.3% | 3 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $17.2M | 51,434 | 0.3% | 10 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $14.4M | 56,500 | 0.2% | 7 |
| FERVO ENERGY CO | [FRVO](https://holderbook.com/stocks/FRVO/) | $13.2M | 450,000 | 0.2% | 1 |
|  | - | $12.5M | 181,871 | 0.2% | 1 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $11.2M | 200,000 | 0.2% | 1 |
| UNITIL CORP | [UTL](https://holderbook.com/stocks/UTL/) | $10.9M | 206,918 | 0.2% | 4 |
| JOHNSON CONTROLS INTERNATION | [JCI](https://holderbook.com/stocks/JCI/) | $9.3M | 63,360 | 0.1% | 7 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.8M | 17,591 | 0.1% | 31 |
| YORK WTR CO | [YORW](https://holderbook.com/stocks/YORW/) | $8.4M | 275,000 | 0.1% | 1 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $6.8M | 50,000 | 0.1% | 1 |
| EROCK INC | [EROC](https://holderbook.com/stocks/EROC/) | $6.3M | 435,000 | 0.1% | 1 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $6.1M | 100,000 | 0.1% | 2 |
| WATERBRIDGE INFRASTRUCTURE L | [WBI](https://holderbook.com/stocks/WBI/) | $5.8M | 170,000 | 0.1% | 4 |
| X-ENERGY INC | [XE](https://holderbook.com/stocks/XE/) | $5.5M | 300,000 | 0.1% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $4.8M | 195,002 | 0.1% | 31 |
| LITHIUM AMERS CORP NEW | [LAC](https://holderbook.com/stocks/LAC/) | $4.8M | 1,240,000 | 0.1% | 4 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $4.6M | 17,060 | 0.1% | 31 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $4.4M | 10,669 | 0.1% | 2 |
| REAVES UTIL INCOME FD | [UTG](https://holderbook.com/stocks/UTG/) | $3.5M | 85,747 | 0.1% | 31 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $3.2M | 39,619 | 0.0% | 31 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $2.7M | 15,795 | 0.0% | 31 |
| SOLV ENERGY INC | [MWH](https://holderbook.com/stocks/MWH/) | $2.6M | 75,000 | 0.0% | 2 |
| CHESAPEAKE UTILS CORP | [CPK](https://holderbook.com/stocks/CPK/) | $2.4M | 20,000 | 0.0% | 8 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.2M | 23,267 | 0.0% | 31 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $2.2M | 14,000 | 0.0% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.8M | 12,800 | 0.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.4M | 4,800 | 0.0% | 30 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.0M | 8,264 | 0.0% | 18 |
| Deutsche Telekom AG ADR | [DTEGY](https://holderbook.com/stocks/DTEGY/) | $1.0M | 38,342 | 0.0% | 15 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $1.0M | 11,563 | 0.0% | 19 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $996.5K | 7,356 | 0.0% | 25 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $931.5K | 55,378 | 0.0% | 26 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $904.5K | 5,000 | 0.0% | 31 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $871.0K | 10,078 | 0.0% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $832.5K | 3,278 | 0.0% | 31 |
| NEW JERSEY RES CORP | [NJR](https://holderbook.com/stocks/NJR/) | $818.4K | 14,603 | 0.0% | 7 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $769.1K | 5,845 | 0.0% | 31 |
| PPG INDS INC | [PPG](https://holderbook.com/stocks/PPG/) | $606.5K | 5,000 | 0.0% | 31 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $575.6K | 8,000 | 0.0% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $566.2K | 3,416 | 0.0% | 14 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $501.8K | 6,744 | 0.0% | 1 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $436.8K | 5,594 | 0.0% | 1 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $277.5K | 5,000 | 0.0% | 3 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +7.7% | +14.8% | -7.1% | 100% |
| Q1 2026 | +5.8% | -4.6% | +10.4% | 99% |
| Q4 2025 | -4.9% | +2.4% | -7.2% | 100% |
| Q3 2025 | +8.8% | +7.8% | +1.0% | 100% |
| Q2 2025 | +10.6% | +10.5% | +0.1% | 100% |
| Q1 2025 | +0.7% | -4.6% | +5.3% | 100% |
| Q4 2024 | +0.6% | +2.1% | -1.5% | 100% |
| Q3 2024 | +18.3% | +5.4% | +12.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $6.6B | 94 |
| Q1 2026 | $6.0B | 90 |
| Q4 2025 | $5.7B | 87 |
| Q3 2025 | $5.6B | 83 |
| Q2 2025 | $4.5B | 77 |
| Q1 2025 | $3.9B | 79 |
| Q4 2024 | $3.8B | 73 |
| Q3 2024 | $3.7B | 77 |
| Q2 2024 | $3.0B | 78 |
| Q1 2024 | $2.8B | 72 |
| Q4 2023 | $2.8B | 72 |
| Q3 2023 | $2.5B | 68 |