REAVES W H & CO INC

CIK

740913

Location

JERSEY CITY, NJ

Portfolio Value

Mid $5,973,232,038

Diversification

Diversified

Filing Date

Global Rank

#444 / 8,232 ▲ 76

Top Industry

Utilities - Regulated Electric 37.2%

3Y Alpha vs SPY

-3.3%

Period ended 2 months ago

Filed May 7, 2026 · 37d

25 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

+63.7%

SPY

+76.5%

Annualised alpha

-3.0%

Max drawdown

−14.1%

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

88 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 positions · $5,973,232,038 total · 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%