Capital Innovations LLC

CIK

1596076

Location

WAUKESHA, WI

Portfolio Value

Small $342,883,832

Diversification

Diversified

Filing Date

Global Rank

#3,074 / 8,420 ▲ 2117

Top Industry

Utilities - Regulated Electric 20.2%

3Y Alpha vs SPY

+3.1%

Period ended 6 months ago

Filed Feb 10, 2026 · 4mo

2 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+90.4%

SPY

+76.3%

Annualised alpha

+3.1%

Max drawdown

−26.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

48 positions · as of Dec 31, 2025 · Δ vs Mar 31, 2020

Top Position

6.6%

−51.0 pts

Top 5

29.6%

−70.4 pts

Top 10

48.5%

−51.5 pts

HHI

353

Diversified−4,005

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Utilities	42.4%	$145,434,273	23
Energy	29.7%	$101,880,503	10
Industrials	13.4%	$45,923,354	8
Real Estate	10.4%	$35,825,659	3
Technology	2.3%	$7,912,492	3
Financial Services	1.7%	$5,907,551	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Mar 31, 2020

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
NEE	Nextera Energy Inc	+225,791	240,391	$19,298,589
No positions match the current search.

Trimmed

Positions the filer reduced

No qualifying positions this quarter.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
CEG	Constellation Energy Corp	63,976	$22,600,801
SLB	Slb Limited/Nv	531,546	$20,400,735
VST	Vistra Corp.	124,901	$20,150,278
WMB	Williams Companies, Inc.	317,298	$19,072,782
NRG	Nrg Energy, Inc.	90,744	$14,450,074
EQT	EQT Corp	259,594	$13,914,238
DLR	Digital Realty Trust, Inc.	84,979	$13,147,101
SBAC	Sba Communications Corp	63,760	$12,333,096
UNP	Union Pacific Corp	47,283	$10,937,503
LNG	Cheniere Energy, Inc.	55,533	$10,795,059
CP	Canadian Pacific Kansas City Ltd/Cn	142,128	$10,464,884
AMT	American Tower Corp /Ma/	58,925	$10,345,462
SRE	Sempra	116,533	$10,288,698
SO	Southern Co	115,871	$10,103,951
TRP	Tc Energy Corp	177,391	$9,758,278
HAL	Halliburton Co	318,002	$8,986,736
ENB	Enbridge Inc	184,766	$8,837,357
WM	Waste Management Inc	31,389	$6,896,477
BMI	Badger Meter Inc	39,375	$6,867,393
NGG	National Grid PLC	84,370	$6,526,019
DTM	DT Midstream, Inc.	54,239	$6,491,323
HASI	HA Sustainable Infrastructure Capital, Inc.	187,959	$5,907,551
ETR	Entergy Corp /De/	56,073	$5,182,827
EIX	Edison International	85,471	$5,129,969
XYL	Xylem Inc.	34,513	$4,699,980
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
NEM	NEWMONT Corp /DE/	10,380	$470,006
VALE	Vale S.A.	17,760	$147,230
FCX	Freeport-Mcmoran Inc	4,517	$30,489
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

48 positions · $342,883,832 total · as of Dec 31, 2025

All sectors Energy Financial Services Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CEG	Constellation Energy Corp Utilities	NEW	63,976	NEW	$22,600,801	NEW	6.59%
SLB	Slb Limited/Nv Energy	NEW	531,546	NEW	$20,400,735	NEW	5.95%
VST	Vistra Corp. Utilities	NEW	124,901	NEW	$20,150,278	NEW	5.88%
NEE	Nextera Energy Inc Utilities	Added	240,391	+225,791	$19,298,589	+2097.4%	5.63%
WMB	Williams Companies, Inc. Energy	NEW	317,298	NEW	$19,072,782	NEW	5.56%
NRG	Nrg Energy, Inc. Utilities	NEW	90,744	NEW	$14,450,074	NEW	4.21%
EQT	EQT Corp Energy	NEW	259,594	NEW	$13,914,238	NEW	4.06%
DLR	Digital Realty Trust, Inc. Real Estate	NEW	84,979	NEW	$13,147,101	NEW	3.83%
SBAC	Sba Communications Corp Real Estate	NEW	63,760	NEW	$12,333,096	NEW	3.60%
UNP	Union Pacific Corp Industrials	NEW	47,283	NEW	$10,937,503	NEW	3.19%
LNG	Cheniere Energy, Inc. Energy	NEW	55,533	NEW	$10,795,059	NEW	3.15%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	NEW	142,128	NEW	$10,464,884	NEW	3.05%
AMT	American Tower Corp /Ma/ Real Estate	NEW	58,925	NEW	$10,345,462	NEW	3.02%
SRE	Sempra Utilities	NEW	116,533	NEW	$10,288,698	NEW	3.00%
SO	Southern Co Utilities	NEW	115,871	NEW	$10,103,951	NEW	2.95%
TRP	Tc Energy Corp Energy	NEW	177,391	NEW	$9,758,278	NEW	2.85%
HAL	Halliburton Co Energy	NEW	318,002	NEW	$8,986,736	NEW	2.62%
ENB	Enbridge Inc Energy	NEW	184,766	NEW	$8,837,357	NEW	2.58%
WM	Waste Management Inc Industrials	NEW	31,389	NEW	$6,896,477	NEW	2.01%
BMI	Badger Meter Inc Technology	NEW	39,375	NEW	$6,867,393	NEW	2.00%
NGG	National Grid PLC Utilities	NEW	84,370	NEW	$6,526,019	NEW	1.90%
DTM	DT Midstream, Inc. Energy	NEW	54,239	NEW	$6,491,323	NEW	1.89%
HASI	HA Sustainable Infrastructure Capital, Inc. Financial Services	NEW	187,959	NEW	$5,907,551	NEW	1.72%
ETR	Entergy Corp /De/ Utilities	NEW	56,073	NEW	$5,182,827	NEW	1.51%
EIX	Edison International Utilities	NEW	85,471	NEW	$5,129,969	NEW	1.50%
XYL	Xylem Inc. Industrials	NEW	34,513	NEW	$4,699,980	NEW	1.37%
AWK	American Water Works Company, Inc. Utilities	NEW	36,013	NEW	$4,699,696	NEW	1.37%
GFL	GFL Environmental Inc. Industrials	NEW	106,981	NEW	$4,594,833	NEW	1.34%
WCN	Waste Connections, Inc. Industrials	NEW	23,801	NEW	$4,173,743	NEW	1.22%
XEL	Xcel Energy Inc Utilities	NEW	49,822	NEW	$3,679,852	NEW	1.07%
D	Dominion Energy, Inc Utilities	NEW	61,605	NEW	$3,609,436	NEW	1.05%
EXC	Exelon Corp Utilities	NEW	77,480	NEW	$3,377,353	NEW	0.98%
ASR	Southeast Airport Group Industrials	NEW	9,701	NEW	$3,137,303	NEW	0.91%
AEP	American Electric Power Co Inc Utilities	NEW	26,592	NEW	$3,066,323	NEW	0.89%
DUK	Duke Energy CORP Utilities	NEW	22,975	NEW	$2,692,899	NEW	0.79%
PEG	Public Service Enterprise Group Inc Utilities	NEW	27,549	NEW	$2,212,184	NEW	0.65%
OKE	Oneok Inc /New/ Energy	NEW	28,513	NEW	$2,095,705	NEW	0.61%
FE	Firstenergy Corp Utilities	NEW	41,927	NEW	$1,877,071	NEW	0.55%
CMS	Cms Energy Corp Utilities	NEW	23,622	NEW	$1,651,886	NEW	0.48%
UGP	Ultrapar Holdings Inc Energy	NEW	405,382	NEW	$1,528,290	NEW	0.45%
WTRG	Essential Utilities, Inc. Utilities	NEW	36,596	NEW	$1,403,822	NEW	0.41%
TAC	Transalta Corp Utilities	NEW	99,595	NEW	$1,258,880	NEW	0.37%
OMAB	Central North Airport Group Industrials	NEW	9,365	NEW	$1,018,631	NEW	0.30%
DTE	Dte Energy Co Utilities	NEW	7,858	NEW	$1,013,524	NEW	0.30%
SEDG	Solaredge Technologies, Inc. Technology	NEW	23,883	NEW	$689,024	NEW	0.20%
ATO	Atmos Energy Corp Utilities	NEW	3,975	NEW	$666,329	NEW	0.19%
NI	Nisource Inc. Utilities	NEW	11,825	NEW	$493,812	NEW	0.14%
ENPH	Enphase Energy, Inc. Technology	NEW	11,110	NEW	$356,075	NEW	0.10%