INFRASTRUCTURE CAPITAL ADVISORS LLC's Q1 2024 13F is in
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 95 reported positions · accession 0000919574-24-003054
This filing covers a somewhat different set of reporting entities than the fund's prior filing, so a few of the changes below may reflect that rather than trading.
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | NUSTAR ENERGY LP (NS) | 3.8% | 8.4% | +4.5 pts | +1.41M sh | +107% |
| Increased | AES CORP (AES) | 0.0% | 3.1% | +3.1 pts | +1.3M sh | +12726% |
| Exited | AES CORP (AESC) | 3.0% | — | −3.0 pts | −249K sh | −100% |
| Increased | NEXTERA ENERGY INC (NEEPRR) | 2.4% | 5.0% | +2.6 pts | +560K sh | +138% |
| Exited | RPT REALTY (RPTPRD) | 2.3% | — | −2.3 pts | −254K sh | −100% |
| New | KIMCO RLTY CORP (KIMPRN) | — | 2.1% | +2.1 pts | +283K sh | new |
| Reduced | MARATHON PETE CORP (MPC) | 0.8% | 0.1% | −0.7 pts | −30,196 sh | −92% |
| Increased | UGI CORP NEW (UGIC) | 1.8% | 2.2% | +0.4 pts | +85,870 sh | +44% |
| Reduced | WILLIAMS COS INC (WMB) | 0.7% | 0.1% | −0.7 pts | −123K sh | −92% |
| Increased | ALGONQUIN PWR UTILS CORP (AQNU) | 1.6% | 1.8% | +0.2 pts | +185K sh | +41% |
| New | GOLDMAN SACHS GROUP INC (GS) | — | 0.5% | +0.5 pts | +9,420 sh | new |
| Reduced | NVIDIA CORPORATION (NVDA) | 0.3% | 0.1% | −0.3 pts | −3,897 sh | −87% |
| Reduced | TARGA RES CORP (TRGP) | 1.1% | 0.8% | −0.3 pts | −30,497 sh | −37% |
| Reduced | MPLX LP (MPLX) | 10.0% | 9.1% | −0.9 pts | −81,463 sh | −5% |
| Reduced | KINDER MORGAN INC DEL (KMI) | 1.7% | 1.1% | −0.6 pts | −178K sh | −29% |
| New | USA COMPRESSION PARTNERS LP (USAC) | — | 0.4% | +0.4 pts | +117K sh | new |
| New | GLOBAL PARTNERS LP (GLP) | — | 0.4% | +0.4 pts | +67,906 sh | new |
| Reduced | HF SINCLAIR CORP (DINO) | 0.7% | 0.3% | −0.4 pts | −48,693 sh | −58% |
| Increased | SUNOCO LP/SUNOCO FIN CORP (SUN) | 0.2% | 0.5% | +0.3 pts | +40,973 sh | +203% |
| Increased | RLJ LODGING TR (RLJPRA) | 3.7% | 3.4% | −0.3 pts | +94,842 sh | +10% |
| Increased | BOSTON PROPERTIES INC (BXP) | 0.1% | 0.3% | +0.3 pts | +35,006 sh | +700% |
| Reduced | TRUIST FINL CORP (TFC) | 0.4% | 0.1% | −0.3 pts | −54,000 sh | −82% |
| Exited | KEYCORP (KEY) | 0.3% | — | −0.3 pts | −120K sh | −100% |
| New | JPMORGAN CHASE & CO (JPM) | — | 0.3% | +0.3 pts | +10,000 sh | new |
| Reduced | DELEK LOGISTICS PARTNERS LP (DKL) | 1.6% | 1.1% | −0.6 pts | −48,213 sh | −20% |
| Increased | HESS MIDSTREAM LP (HESM) | 2.1% | 2.3% | +0.2 pts | +50,357 sh | +12% |
| Exited | US BANCORP DEL (USB) | 0.2% | — | −0.2 pts | −33,586 sh | −100% |
| Increased | ONEOK INC NEW (OKE) | 2.4% | 2.5% | +0.1 pts | +19,452 sh | +9% |
| Increased | WESTERN MIDSTREAM PARTNERS L (WES) | 6.8% | 7.2% | +0.4 pts | +39,764 sh | +3% |
| Exited | RED ROCK RESORTS INC (RRR) | 0.2% | — | −0.2 pts | −22,138 sh | −100% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 0.3% | 0.1% | −0.2 pts | −2,678 sh | −67% |
| Increased | BANK AMERICA CORP (BAC) | 0.0% | 0.2% | +0.2 pts | +34,932 sh | +582% |
| Exited | AMGEN INC (AMGN) | 0.2% | — | −0.2 pts | −3,741 sh | −100% |
| Increased | ENTERPRISE PRODS PARTNERS L (EPD) | 9.1% | 8.7% | −0.4 pts | +43,320 sh | +2% |
| Exited | NEW YORK CMNTY CAP TR V (FLGPRU) | 0.2% | — | −0.2 pts | −24,902 sh | −100% |
| Exited | PEPSICO INC (PEP) | 0.2% | — | −0.2 pts | −5,904 sh | −100% |
| Reduced | CHENIERE ENERGY INC (LNG) | 1.1% | 0.7% | −0.4 pts | −7,133 sh | −18% |
| Reduced | HONEYWELL INTL INC (HON) | 0.2% | 0.0% | −0.2 pts | −5,261 sh | −84% |
| New | BROADCOM INC (AVGO) | — | 0.1% | +0.1 pts | +750 sh | new |
| Reduced | BLOOMIN BRANDS INC (BLMN) | 0.4% | 0.2% | −0.2 pts | −34,335 sh | −41% |
| New | SUBURBAN PROPANE PARTNERS L (SPH) | — | 0.1% | +0.1 pts | +46,659 sh | new |
| Exited | COCA COLA CO (KO) | 0.1% | — | −0.1 pts | −13,488 sh | −100% |
| Increased | ENERGY TRANSFER L P (ET) | 9.3% | 9.1% | −0.2 pts | +59,548 sh | +1% |
| Exited | FIFTH THIRD BANCORP (FITB) | 0.1% | — | −0.1 pts | −22,960 sh | −100% |
| Exited | PNC FINL SVCS GROUP INC (PNC) | 0.1% | — | −0.1 pts | −4,989 sh | −100% |
| Increased | PHILIP MORRIS INTL INC (PM) | 0.2% | 0.3% | +0.1 pts | +9,554 sh | +63% |
| Increased | GENESIS ENERGY L P (GEL) | 1.4% | 1.2% | −0.1 pts | +75,725 sh | +10% |
| Reduced | VALERO ENERGY CORP (VLO) | 0.1% | 0.0% | −0.1 pts | −4,931 sh | −80% |
| Increased | ENLINK MIDSTREAM LLC (ENLC) | 4.8% | 4.6% | −0.1 pts | +53,685 sh | +2% |
| Reduced | NEW FORTRESS ENERGY INC (NFE) | 1.1% | 0.7% | −0.4 pts | −21,116 sh | −11% |
The 50 largest of 111 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 67.4% of the equity book
Changes in the top 10 this quarter: NEEPRR entered · AES entered · CQP left · AESC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ENERGY TRANSFER L P (ET) | 9.3% | 9.1% | |
| 2 | MPLX LP (MPLX) | 10.0% | 9.1% | |
| 3 | ENTERPRISE PRODS PARTNERS L (EPD) | 9.1% | 8.7% | |
| 4 | PLAINS ALL AMERN PIPELINE L (PAAPU) | 8.8% | 8.6% | |
| 5 | NUSTAR ENERGY LP (NS) | 3.8% | 8.4% | |
| 6 | WESTERN MIDSTREAM PARTNERS L (WES) | 6.8% | 7.2% | |
| 7 | NEXTERA ENERGY INC (NEEPRR) | 2.4% | 5.0% | Entered the top 10 |
| 8 | ENLINK MIDSTREAM LLC (ENLC) | 4.8% | 4.6% | |
| 9 | RLJ LODGING TR (RLJPRA) | 3.7% | 3.4% | |
| 10 | AES CORP (AES) | 0.0% | 3.1% | Entered the top 10 |
| — | CHENIERE ENERGY PARTNERS LP (CQP) | 3.5% | 3.0% | Left the top 10 |
| — | AES CORP (AESC) | 3.0% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Reduced | SPDR S&P 500 ETF TR (SPY) | Call | 118K | 22,000 | $11.5M |
| New | SPDR DOW JONES INDL AVERAGE (DIA) | Call | 0 | 17,000 | $6.76M |
| New | ISHARES TR (IXP) | Call | 0 | 15,000 | $3.15M |
| New | ISHARES TR (ILCG) | Call | 0 | 16,000 | $1.44M |
| New | SELECT SECTOR SPDR TR (XLB) | Call | 0 | 7,000 | $661K |
| Reduced | INVESCO QQQ TR (QQQ) | Call | 15,000 | 13,000 | $5.77M |