REAVES W H & CO INC

CIK

740913

Location

JERSEY CITY, NJ

Portfolio Value

Mid $5,973,232,038

Diversification

Diversified

Filing Date

Global Rank

#584 / 8,623 ▲ 47 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 37.2%

3Y Alpha vs SPY

-1.9%

Period ended 4 months ago

Filed May 7, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+51.9%

SPY

+65.3%

Annualised alpha

-3.3%

Max drawdown

−14.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

88 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.1%

−2.1 pts

Top 5

28.8%

−4.8 pts

Top 10

47.5%

−5.1 pts

HHI

334

Diversified−63

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Utilities	65.2%	$3,895,052,752	34
Energy	13.3%	$791,718,345	16
Industrials	8.9%	$533,922,378	9
Real Estate	5.2%	$307,684,914	8
Technology	4.0%	$236,874,677	6
Basic Materials	2.8%	$168,600,900	5
Communication Services	0.4%	$25,406,284	5
Financial Services	0.2%	$11,815,894	2
Consumer Defensive	0.0%	$1,354,620	2
Healthcare	0.0%	$801,274	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CP	Canadian Pacific Kansas City Ltd/Cn	+1,070,000	1,078,191	$84,810,504
TIC	TIC Solutions, Inc.	+926,179	3,076,170	$20,241,198
WMB	Williams Companies, Inc.	+795,343	2,089,760	$152,092,732
ANET	Arista Networks, Inc.	+391,904	415,240	$50,983,167
LAC	Lithium Americas Corp.	+200,000	1,240,000	$4,898,000
WEC	Wec Energy Group, Inc.	+185,456	562,957	$65,173,531
COHR	Coherent Corp.	+179,831	205,831	$49,031,002
DTM	DT Midstream, Inc.	+169,730	932,483	$125,577,485
NRG	Nrg Energy, Inc.	+162,657	734,285	$107,308,409
IRM	Iron Mountain Inc	+159,649	213,549	$21,811,894
DY	Dycom Industries Inc	+104,928	248,140	$84,074,794
GEV	GE Vernova Inc.	+101,649	175,052	$152,802,890
TBN	Tamboran Resources Corp	+70,000	170,000	$8,498,300
CEG	Constellation Energy Corp	+69,568	1,203,513	$336,081,004
ODFL	Old Dominion Freight Line, Inc.	+65,000	69,200	$13,521,680
MPC	Marathon Petroleum Corp	+53,615	220,615	$53,869,770
LEU	Centrus Energy Corp	+37,418	211,918	$36,786,845
CMS	Cms Energy Corp	+26,971	2,114,254	$164,023,824
LITE	Lumentum Holdings Inc.	+21,315	41,815	$29,385,909
EQIX	Equinix Inc	+4,848	173,816	$170,381,395
GLW	Corning Inc /Ny	+4,118	763,193	$103,771,352
UTG	Reaves Utility Income Fund	+1,236	84,562	$3,321,595
DTEGY	Deutsche Telekom AG	+540	38,399	$1,423,834
NJR	New Jersey Resources Corp	+195	14,615	$802,655
EVRG	Evergy, Inc.	+163	10,087	$826,327
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TXNM	Txnm Energy Inc	−2,436,475	41,188	$2,407,850
NI	Nisource Inc.	−1,312,388	4,112,345	$191,882,017
PPL	PPL Corp	−718,701	3,706,113	$141,573,515
CMCSA	Comcast Corp	−663,900	26,200	$752,202
CNP	Centerpoint Energy Inc	−663,398	7,003,120	$302,254,658
PNW	Pinnacle West Capital Corp	−641,728	1,078,046	$108,613,133
OKE	Oneok Inc /New/	−449,930	11,810	$1,067,505
PEG	Public Service Enterprise Group Inc	−347,888	215,103	$17,412,587
OGE	Oge Energy Corp.	−340,592	1,603,609	$76,909,087
CCJ	Cameco Corp	−327,093	1,126,885	$122,390,979
CCOI	Cogent Communications Holdings, Inc.	−231,000	28,098	$529,366
ETR	Entergy Corp /De/	−203,821	2,242,772	$251,997,861
VST	Vistra Corp.	−102,745	2,094,547	$314,873,249
DTE	Dte Energy Co	−93,821	323,705	$47,332,145
SRE	Sempra	−72,376	2,068,019	$200,949,405
EQT	EQT Corp	−72,218	1,089,757	$69,352,135
LNT	Alliant Energy Corp	−63,827	2,993,426	$214,808,249
TMUS	T-Mobile US, Inc.	−43,668	106,969	$22,466,699
SBAC	Sba Communications Corp	−40,000	322,464	$55,499,279
CCI	Crown Castle Inc.	−39,209	287,589	$23,383,861
XEL	Xcel Energy Inc	−31,009	3,548,909	$281,925,330
UTL	Unitil Corp	−26,725	248,275	$12,969,886
PWR	Quanta Services, Inc.	−20,325	250,284	$137,410,921
NEE	Nextera Energy Inc	−13,487	1,316,141	$122,243,175
UNP	Union Pacific Corp	−13,003	67,160	$16,294,359
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
AEP	American Electric Power Co Inc	344,722	$45,186,158
USAR	USA Rare Earth, Inc.	2,320,000	$35,113,200
NFG	National Fuel Gas Co	314,465	$29,547,131
MWH	SOLV Energy, Inc.	400,000	$12,012,000
LNG	Cheniere Energy, Inc.	24,000	$6,810,240
HTO	H2o America	100,000	$5,867,000
FFIV	F5, Inc.	8,589	$2,485,055
VZ	Verizon Communications Inc	4,665	$234,183
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
NSC	Norfolk Southern Corp	131,000	$37,822,320
CHTR	Charter Communications, Inc. /Mo/	24,500	$5,114,375
ECG	Everus Construction Group, Inc.	12,500	$1,069,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

88 tracked positions · $5,973,232,038 total · filing declares 109 positions · $6,026,161,784 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 88 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TLN	Talen Energy Corp Utilities	Reduced	1,510,697	-11,000	$482,259,802	−15.5%	8.07%
CEG	Constellation Energy Corp Utilities	Added	1,203,513	+69,568	$336,081,004	−16.1%	5.63%
VST	Vistra Corp. Utilities	Reduced	2,094,547	-102,745	$314,873,249	−11.2%	5.27%
CNP	Centerpoint Energy Inc Utilities	Reduced	7,003,120	-663,398	$302,254,658	+2.8%	5.06%
XEL	Xcel Energy Inc Utilities	Reduced	3,548,909	-31,009	$281,925,330	+6.6%	4.72%
IDA	Idacorp Inc Utilities	Reduced	1,800,478	-7,333	$257,414,338	+12.5%	4.31%
ETR	Entergy Corp /De/ Utilities	Reduced	2,242,772	-203,821	$251,997,861	+11.4%	4.22%
LNT	Alliant Energy Corp Utilities	Reduced	2,993,426	-63,827	$214,808,249	+8.1%	3.60%
SRE	Sempra Utilities	Reduced	2,068,019	-72,376	$200,949,405	+6.3%	3.36%
NI	Nisource Inc. Utilities	Reduced	4,112,345	-1,312,388	$191,882,017	−15.3%	3.21%
EQIX	Equinix Inc Real Estate	Added	173,816	+4,848	$170,381,395	+31.6%	2.85%
CMS	Cms Energy Corp Utilities	Added	2,114,254	+26,971	$164,023,824	+12.4%	2.75%
GEV	GE Vernova Inc. Industrials	Added	175,052	+101,649	$152,802,890	+218.5%	2.56%
WMB	Williams Companies, Inc. Energy	Added	2,089,760	+795,343	$152,092,732	+95.5%	2.55%
PPL	PPL Corp Utilities	Reduced	3,706,113	-718,701	$141,573,515	−8.6%	2.37%
PWR	Quanta Services, Inc. Industrials	Reduced	250,284	-20,325	$137,410,921	+20.3%	2.30%
EPD	Enterprise Products Partners L.P. Energy	Held	3,493,940	0	$132,210,689	+18.0%	2.21%
MP	MP Materials Corp. / DE Basic Materials	Reduced	2,608,770	-756	$125,899,240	−4.5%	2.11%
DTM	DT Midstream, Inc. Energy	Added	932,483	+169,730	$125,577,485	+37.6%	2.10%
CCJ	Cameco Corp Energy	Reduced	1,126,885	-327,093	$122,390,979	−8.0%	2.05%
NEE	Nextera Energy Inc Utilities	Reduced	1,316,141	-13,487	$122,243,175	+14.5%	2.05%
AEE	Ameren Corp Utilities	Reduced	1,072,573	-12,091	$117,897,223	+8.8%	1.97%
PNW	Pinnacle West Capital Corp Utilities	Reduced	1,078,046	-641,728	$108,613,133	−28.8%	1.82%
NRG	Nrg Energy, Inc. Utilities	Added	734,285	+162,657	$107,308,409	+17.9%	1.80%
GLW	Corning Inc /Ny Technology	Added	763,193	+4,118	$103,771,352	+56.1%	1.74%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Added	1,078,191	+1,070,000	$84,810,504	+13962.4%	1.42%
DY	Dycom Industries Inc Industrials	Added	248,140	+104,928	$84,074,794	+73.7%	1.41%
OGE	Oge Energy Corp. Utilities	Reduced	1,603,609	-340,592	$76,909,087	−7.4%	1.29%
EQT	EQT Corp Energy	Reduced	1,089,757	-72,218	$69,352,135	+11.4%	1.16%
WEC	Wec Energy Group, Inc. Utilities	Added	562,957	+185,456	$65,173,531	+63.7%	1.09%
SBAC	Sba Communications Corp Real Estate	Reduced	322,464	-40,000	$55,499,279	−20.8%	0.93%
MPC	Marathon Petroleum Corp Energy	Added	220,615	+53,615	$53,869,770	+98.3%	0.90%
ANET	Arista Networks, Inc. Technology	Added	415,240	+391,904	$50,983,167	+1567.4%	0.85%
COHR	Coherent Corp. Technology	Added	205,831	+179,831	$49,031,002	+921.7%	0.82%
DTE	Dte Energy Co Utilities	Reduced	323,705	-93,821	$47,332,145	−12.1%	0.79%
AEP	American Electric Power Co Inc Utilities	NEW	344,722	NEW	$45,186,158	NEW	0.76%
MPLX	Mplx LP Energy	Held	670,500	0	$38,265,435	+6.9%	0.64%
LEU	Centrus Energy Corp Energy	Added	211,918	+37,418	$36,786,845	−13.2%	0.62%
USAR	USA Rare Earth, Inc. Basic Materials	NEW	2,320,000	NEW	$35,113,200	NEW	0.59%
NFG	National Fuel Gas Co Energy	NEW	314,465	NEW	$29,547,131	NEW	0.49%
LITE	Lumentum Holdings Inc. Technology	Added	41,815	+21,315	$29,385,909	+288.9%	0.49%
CCI	Crown Castle Inc. Real Estate	Reduced	287,589	-39,209	$23,383,861	−19.5%	0.39%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	106,969	-43,668	$22,466,699	−26.5%	0.38%
IRM	Iron Mountain Inc Real Estate	Added	213,549	+159,649	$21,811,894	+387.9%	0.37%
TIC	TIC Solutions, Inc. Industrials	Added	3,076,170	+926,179	$20,241,198	−6.9%	0.34%
VRT	Vertiv Holdings Co Industrials	Reduced	72,880	-10,000	$18,262,270	+36.0%	0.31%
PEG	Public Service Enterprise Group Inc Utilities	Reduced	215,103	-347,888	$17,412,587	−61.5%	0.29%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	94,022	-281	$16,943,704	+16.1%	0.28%
AMT	American Tower Corp /Ma/ Real Estate	Held	98,037	0	$16,919,225	−1.7%	0.28%
UNP	Union Pacific Corp Industrials	Reduced	67,160	-13,003	$16,294,359	−12.1%	0.27%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.