13F holdings
REAVES W H & CO INC portfolio
Managed by . 90 reported positions worth $6.0B as of 2026-03-31, filed with the SEC on 2026-05-07. Parsed from the filing itself, not a reseller.
$6.0B
Book value
90
Positions
47%
Top 10 weight
+8
New this quarter
-5
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 37 days old on 2026-05-07, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (8)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| AEP | AMERICAN ELEC PWR INC COM | $45.2M | 344,722 | 0.75% |
| USAR | USA RARE EARTH INC | $35.1M | 2,320,000 | 0.58% |
| NFG | NATIONAL FUEL GAS CO | $29.5M | 314,465 | 0.49% |
| MWH | SOLV ENERGY INC | $12.0M | 400,000 | 0.20% |
| LNG | CHENIERE ENERGY INC | $6.8M | 24,000 | 0.11% |
| HTO | H2O AMERICA | $5.9M | 100,000 | 0.10% |
| FFIV | F5 NETWORKS INC COM | $2.5M | 8,589 | 0.04% |
| VZ | VERIZON COMMUNICATIONS COM | $234,183 | 4,665 | 0.00% |
Closed out (5)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| NSC | NORFOLK SOUTHERN CORP COM | $37.8M | 131,000 | 0.00% |
| NATIONAL FUEL GAS - Rest | NATIONAL FUEL GAS - Restricted | $25.0M | 314,465 | 0.00% |
| FYBR | FRONTIER COMMUNICATIONS PARENT | $22.4M | 587,933 | 0.00% |
| CHTR | CHARTER COMMUNICATIONS INC | $5.1M | 24,500 | 0.00% |
| ECG | EVERUS CONSTRUCTION GROUP INC | $1.1M | 12,500 | 0.00% |
Added to (25)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| CEG | CONSTELLATION ENERGY CORP | $336.1M | 1,203,513 | 5.58% | +6% |
| EQIX | EQUINIX INC COM NEW | $170.4M | 173,816 | 2.83% | +3% |
| CMS | CMS ENERGY CORP COM | $164.0M | 2,114,254 | 2.72% | +1% |
| GEV | GE VERNOVA INC | $152.8M | 175,052 | 2.54% | +138% |
| WMB | WILLIAMS COS INC COM | $152.1M | 2,089,760 | 2.52% | +61% |
| DTM | DT MIDSTREAM INC | $125.6M | 932,483 | 2.08% | +22% |
| NRG | NRG ENERGY INC COM | $107.3M | 734,285 | 1.78% | +28% |
| CP | CANADIAN PACIFIC KANSAS CITY L | $84.8M | 1,078,191 | 1.41% | +13063% |
| DY | DYCOM INDS INC COM | $84.1M | 248,140 | 1.40% | +73% |
| WEC | WEC ENERGY GROUP INC COM | $65.2M | 562,957 | 1.08% | +49% |
| MPC | MARATHON PETROLEUM CORP | $53.9M | 220,615 | 0.89% | +32% |
| ANET | ARISTA NETWORKS INC | $51.0M | 415,240 | 0.85% | +1679% |
| COHR | COHERENT CORP | $49.0M | 205,831 | 0.81% | +692% |
| LEU | CENTRUS ENERGY CORP CL A | $36.8M | 211,918 | 0.61% | +21% |
| LITE | LUMENTUM HOLDINGS INC | $29.4M | 41,815 | 0.49% | +104% |
Trimmed (30)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TXNM | TXNM ENERGY INC | $2.4M | 41,188 | 0.04% | -98% |
| OKE | ONEOK INC NEW COM | $1.1M | 11,810 | 0.02% | -97% |
| CMCSA | COMCAST CORP CLASS A | $752,202 | 26,200 | 0.01% | -96% |
| CCOI | COGENT COMMUNICATIONS HLDGS CO | $529,366 | 28,098 | 0.01% | -89% |
| CVX | CHEVRON CORPORATION COM | $716,702 | 3,464 | 0.01% | -62% |
| PEG | PUBLIC SVC ENTERPRISE GROUP IN | $17.4M | 215,103 | 0.29% | -62% |
| LAMR | LAMAR ADVERTISING CO | $1.8M | 14,000 | 0.03% | -44% |
| PNW | PINNACLE WEST CAP CORP COM | $108.6M | 1,078,046 | 1.80% | -37% |
| CPK | CHESAPEAKE UTILS CORP | $2.5M | 20,000 | 0.04% | -33% |
| TMUS | T-MOBILE US INC COM | $22.5M | 106,969 | 0.37% | -29% |
| EXMOC | EXXON MOBIL CORP | $2.2M | 12,800 | 0.04% | -29% |
| NI | NISOURCE INC COM | $191.9M | 4,112,345 | 3.18% | -24% |
| CCJ | CAMECO CORP COM | $122.4M | 1,126,885 | 2.03% | -22% |
| DTE | DTE ENERGY CO COM | $47.3M | 323,705 | 0.79% | -22% |
| OGE | OGE ENERGY CORP COM | $76.9M | 1,603,609 | 1.28% | -18% |
The book
All reported holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| TLN | TALEN ENERGY CORP | $482.3M | 1,510,697 | 8.00% | — |
| CEG | CONSTELLATION ENERGY CORP | $336.1M | 1,203,513 | 5.58% | — |
| VST | VISTRA CORP. | $314.9M | 2,094,547 | 5.23% | — |
| CNP | CENTERPOINT ENERGY INC | $302.3M | 7,003,120 | 5.02% | — |
| XEL | XCEL ENERGY INC COM | $281.9M | 3,548,909 | 4.68% | — |
| IDA | IDACORP INC COM | $257.4M | 1,800,478 | 4.27% | — |
| ETR | ENTERGY CORP NEW COM | $252.0M | 2,242,772 | 4.18% | — |
| LNT | ALLIANT ENERGY CORP COM | $214.8M | 2,993,426 | 3.56% | — |
| SRE | SEMPRA | $200.9M | 2,068,019 | 3.33% | — |
| NI | NISOURCE INC COM | $191.9M | 4,112,345 | 3.18% | — |
| EQIX | EQUINIX INC COM NEW | $170.4M | 173,816 | 2.83% | — |
| CMS | CMS ENERGY CORP COM | $164.0M | 2,114,254 | 2.72% | — |
| GEV | GE VERNOVA INC | $152.8M | 175,052 | 2.54% | — |
| WMB | WILLIAMS COS INC COM | $152.1M | 2,089,760 | 2.52% | — |
| PPL | PPL CORP COM | $141.6M | 3,706,113 | 2.35% | — |
| PWR | QUANTA SVCS INC COM | $137.4M | 250,284 | 2.28% | — |
| EPD | ENTERPRISE PRODUCTS PARTNERS L | $132.2M | 3,493,940 | 2.19% | — |
| MP | MP MATLS CORP | $125.9M | 2,608,770 | 2.09% | — |
| DTM | DT MIDSTREAM INC | $125.6M | 932,483 | 2.08% | — |
| CCJ | CAMECO CORP COM | $122.4M | 1,126,885 | 2.03% | — |
| NEE | NEXTERA ENERGY INC COM | $122.2M | 1,316,141 | 2.03% | — |
| AEE | AMEREN CORP COM | $117.9M | 1,072,573 | 1.96% | — |
| PNW | PINNACLE WEST CAP CORP COM | $108.6M | 1,078,046 | 1.80% | — |
| NRG | NRG ENERGY INC COM | $107.3M | 734,285 | 1.78% | — |
| GLW | CORNING INC COM | $103.8M | 763,193 | 1.72% | — |
| CP | CANADIAN PACIFIC KANSAS CITY L | $84.8M | 1,078,191 | 1.41% | — |
| DY | DYCOM INDS INC COM | $84.1M | 248,140 | 1.40% | — |
| OGE | OGE ENERGY CORP COM | $76.9M | 1,603,609 | 1.28% | — |
| EQT | EQT CORP COM | $69.4M | 1,089,757 | 1.15% | — |
| WEC | WEC ENERGY GROUP INC COM | $65.2M | 562,957 | 1.08% | — |
| SBAC | SBA COMMUNICATIONS COR CL A | $55.5M | 322,464 | 0.92% | — |
| MPC | MARATHON PETROLEUM CORP | $53.9M | 220,615 | 0.89% | — |
| ANET | ARISTA NETWORKS INC | $51.0M | 415,240 | 0.85% | — |
| COHR | COHERENT CORP | $49.0M | 205,831 | 0.81% | — |
| DTE | DTE ENERGY CO COM | $47.3M | 323,705 | 0.79% | — |
| AEP | AMERICAN ELEC PWR INC COM | $45.2M | 344,722 | 0.75% | — |
| MPLX | MPLX LP COM UNIT REP LTD | $38.3M | 670,500 | 0.63% | — |
| LEU | CENTRUS ENERGY CORP CL A | $36.8M | 211,918 | 0.61% | — |
| USAR | USA RARE EARTH INC | $35.1M | 2,320,000 | 0.58% | — |
| NFG | NATIONAL FUEL GAS CO | $29.5M | 314,465 | 0.49% | — |
| LITE | LUMENTUM HOLDINGS INC | $29.4M | 41,815 | 0.49% | — |
| X-ENERGY REACTOR CO. LLC | X-ENERGY REACTOR CO. LLC SERIE | $27.5M | 1,891,802 | 0.46% | — |
| KRSP/U | RICE ACQUISITION CORPORATION 3 | $25.4M | 2,400,000 | 0.42% | — |
| CCI | CROWN CASTLE INC | $23.4M | 287,589 | 0.39% | — |
| TMUS | T-MOBILE US INC COM | $22.5M | 106,969 | 0.37% | — |
| IRM | IRON MTN INC NEW | $21.8M | 213,549 | 0.36% | — |
| TIC | TIC SOLUTIONS INC | $20.2M | 3,076,170 | 0.34% | — |
| VRT | VERTIV HOLDINGS CO | $18.3M | 72,880 | 0.30% | — |
| PEG | PUBLIC SVC ENTERPRISE GROUP IN | $17.4M | 215,103 | 0.29% | — |
| DLR | DIGITAL REALTY TR | $16.9M | 94,022 | 0.28% | — |
| AMT | AMERICAN TOWER REIT COM | $16.9M | 98,037 | 0.28% | — |
| UNP | UNION PAC CORP COM | $16.3M | 67,160 | 0.27% | — |
| ODFL | OLD DOMINION FREIGHT LINE | $13.5M | 69,200 | 0.22% | — |
| UTL | UNITIL CORP | $13.0M | 248,275 | 0.22% | — |
| WBI | WATERBRIDGE INFRASTRUCTURE LLC | $12.1M | 450,000 | 0.20% | — |
| MWH | SOLV ENERGY INC | $12.0M | 400,000 | 0.20% | — |
| TBN | TAMBORAN RESOURCES CORP | $8.5M | 170,000 | 0.14% | — |
| BRK/B | BERKSHIRE HATHAWAY INC CLASS B | $8.5M | 17,726 | 0.14% | — |
| LNG | CHENIERE ENERGY INC | $6.8M | 24,000 | 0.11% | — |
| JCI | JOHNSON CTLS INTL PLC SHS | $6.5M | 49,666 | 0.11% | — |
| HTO | H2O AMERICA | $5.9M | 100,000 | 0.10% | — |
| LAC | LITHIUM AMERICAS CORP | $4.9M | 1,240,000 | 0.08% | — |
| UTG | REAVES UTIL INCOME FD COM SH B | $3.3M | 84,562 | 0.06% | — |
| ATO | ATMOS ENERGY CORP COM | $3.1M | 16,660 | 0.05% | — |
| CPK | CHESAPEAKE UTILS CORP | $2.5M | 20,000 | 0.04% | — |
| FFIV | F5 NETWORKS INC COM | $2.5M | 8,589 | 0.04% | — |
| TXNM | TXNM ENERGY INC | $2.4M | 41,188 | 0.04% | — |
| SO | SOUTHERN CO COM | $2.4M | 24,767 | 0.04% | — |
| EXMOC | EXXON MOBIL CORP | $2.2M | 12,800 | 0.04% | — |
| LIN | LINDE PLC SH | $2.2M | 4,349 | 0.04% | — |
| LAMR | LAMAR ADVERTISING CO | $1.8M | 14,000 | 0.03% | — |
| PCG | PG&E CORP COM | $1.7M | 99,104 | 0.03% | — |
| DTEGY | DEUTSCHE TELEKOM AG | $1.4M | 38,399 | 0.02% | — |
| AAPL | APPLE INC COM | $1.2M | 4,800 | 0.02% | — |
| DUK | DUKE ENERGY CORP NEW COM NEW | $1.1M | 8,277 | 0.02% | — |
| OKE | ONEOK INC NEW COM | $1.1M | 11,810 | 0.02% | — |
| PLD | PROLOGIS INC COM | $972,316 | 7,356 | 0.02% | — |
| AWK | AMERICAN WATER WORKS | $836,273 | 6,145 | 0.01% | — |
| PM | PHILLIP MORRIS INTERNATIONAL | $826,700 | 5,000 | 0.01% | — |
| EVRG | EVERGY INC COM | $826,327 | 10,087 | 0.01% | — |
| NJR | NEW JERSEY RES COM | $802,656 | 14,615 | 0.01% | — |
| JNJ | JOHNSON & JOHNSON COM | $801,274 | 3,278 | 0.01% | — |
| CMCSA | COMCAST CORP CLASS A | $752,202 | 26,200 | 0.01% | — |
| CVX | CHEVRON CORPORATION COM | $716,702 | 3,464 | 0.01% | — |
| PPG | PPG INDS INC COM | $534,400 | 5,000 | 0.01% | — |
| CCOI | COGENT COMMUNICATIONS HLDGS CO | $529,366 | 28,098 | 0.01% | — |
| MO | ALTRIA GROUP INC. | $527,920 | 8,000 | 0.01% | — |
| EXC | EXELON CORP COM | $391,670 | 7,990 | 0.01% | — |
| BKR | BAKER HUGHES CO CL A | $305,250 | 5,000 | 0.01% | — |
| VZ | VERIZON COMMUNICATIONS COM | $234,183 | 4,665 | 0.00% | — |
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by REAVES W H & CO INC (CIK 740913, accession 0000740913-26-000006). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
Tested and published by IndicatorEdge · backtest grid generated 2026-06-25 · base rates recomputed 2026-07-31 · how we test
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