Capital Innovations
WAUKESHA, WIfiles as Capital Innovations LLC
$385m in 51 US stocks at the end of 30 June 2026. The top 10 are 47.7% of the money. It changed about 100.0% of the portfolio this quarter.
Value
$385m
Stocks
51
Top 10 share
47.7%
Turnover
100.0%
What changed this quarter
New
Bought for the first time this quarter.
- Williams CompaniesWMB7.9% of the fund
- SLB LimitedSLB6.4% of the fund
- NextEra EnergyNEE5.5% of the fund
- VistraVST5.1% of the fund
- Canadian Pacific Kansas CityCP4.2% of the fund
- Constellation EnergyCEG4.1% of the fund
- Digital Realty TrustDLR4.0% of the fund
- EQTEQT3.6% of the fund
- Cheniere EnergyLNG3.4% of the fund
- NRG EnergyNRG3.4% of the fund
- Union PacificUNP3.3% of the fund
- TC EnergyTRP3.1% of the fund
- SBA CommunicationsSBAC2.9% of the fund
- Southern CompanySO2.9% of the fund
- SempraSRE2.8% of the fund
- HalliburtonHAL2.8% of the fund
- EnbridgeENB2.6% of the fund
- American TowerAMT2.5% of the fund
- DT MidstreamDTM2.1% of the fund
- HA Sustainable Infrastructure CapitalHASI1.9% of the fund
- Waste ManagementWM1.8% of the fund
- National GridNGG1.8% of the fund
- EntergyETR1.7% of the fund
- Edison InternationalEIX1.7% of the fund
- RWE AGRWEOY1.6% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- Williams Ord Shs-100%
- SLB Ord Shs-100%
- NextEra Energy Ord Shs-100%
- Vistra Ord Shs-100%
- Constellation Energy Ord Shs-100%
- EQT Ord Shs-100%
- Cheniere Energy Ord Shs-100%
- Digital Realty Trust REIT Ord Shs-100%
- Canadian Pacific Kansas City Ord Shs-100%
- NRG Energy Ord Shs-100%
- Halliburton Ord Shs-100%
- Union Pacific Ord Shs-100%
- Sempra Ord Shs-100%
- Southern Ord Shs-100%
- TC Energy Ord Shs-100%
- SBA Communications REIT Ord Shs Class A-100%
- American Tower REIT-100%
- Enbridge Ord Shs-100%
- DT Midstream Ord Shs-100%
- Waste Management Ord Shs-100%
- National Grid ADR repsg 5 Ord Shs-100%
- HA Sustainable Infrastructure Capital Ord Shs-100%
- RWE ADR Representing 1 Ord Shs-100%
- Entergy Ord Shs-100%
- Edison International Ord Shs-100%
Holdings
- TC EnergyTRP
- Share
- 3.1%
- Value
- $12m
- Shares
- 177,391
New
- HA Sustainable Infrastructure CapitalHASI
- Share
- 1.9%
- Value
- $7m
- Shares
- 187,959
New
- National GridNGG
- Share
- 1.8%
- Value
- $7m
- Shares
- 84,370
New
- RWE AGRWEOY
- Share
- 1.6%
- Value
- $6m
- Shares
- 97,719
New
- GFL EnvironmentalGFL
- Share
- 1.0%
- Value
- $4m
- Shares
- 106,981
New
- Iberdrola SAIBDRY
- Share
- 0.8%
- Value
- $3m
- Shares
- 29,888
New
- Ultrapar Participacoes SAUGP
- Share
- 0.5%
- Value
- $2m
- Shares
- 405,382
New
- TransaltaTAC
- Share
- 0.4%
- Value
- $1m
- Shares
- 99,595
New
- Grupo Aeroportuario DEL CentOMAB
- Share
- 0.3%
- Value
- $1m
- Shares
- 9,365
New
- Enel Societa PER Azioni UnsponENLAY
- Share
- 0.1%
- Value
- $569,000
- Shares
- 49,779
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Williams CompaniesWMB | 7.9% | $31m | 410,323 | New |
| SLB LimitedSLB | 6.4% | $25m | 531,546 | New |
| NextEra EnergyNEE | 5.5% | $21m | 240,391 | New |
| VistraVST | 5.1% | $20m | 124,901 | New |
| Canadian Pacific Kansas CityCP | 4.2% | $16m | 185,368 | New |
| Constellation EnergyCEG | 4.1% | $16m | 63,976 | New |
| Digital Realty TrustDLR | 4.0% | $15m | 84,979 | New |
| EQTEQT | 3.6% | $14m | 259,594 | New |
| Cheniere EnergyLNG | 3.4% | $13m | 55,533 | New |
| NRG EnergyNRG | 3.4% | $13m | 90,744 | New |
| Union PacificUNP | 3.3% | $13m | 47,283 | New |
| TC EnergyTRP | 3.1% | $12m | 177,391 | New |
| SBA CommunicationsSBAC | 2.9% | $11m | 63,760 | New |
| Southern CompanySO | 2.9% | $11m | 115,871 | New |
| SempraSRE | 2.8% | $11m | 116,533 | New |
| HalliburtonHAL | 2.8% | $11m | 318,002 | New |
| EnbridgeENB | 2.6% | $10m | 184,766 | New |
| American TowerAMT | 2.5% | $10m | 58,925 | New |
| DT MidstreamDTM | 2.1% | $8m | 54,239 | New |
| HA Sustainable Infrastructure CapitalHASI | 1.9% | $7m | 187,959 | New |
| Waste ManagementWM | 1.8% | $7m | 31,389 | New |
| National GridNGG | 1.8% | $7m | 84,370 | New |
| EntergyETR | 1.7% | $6m | 56,073 | New |
| Edison InternationalEIX | 1.7% | $6m | 85,471 | New |
| RWE AGRWEOY | 1.6% | $6m | 97,719 | New |
| Badger MeterBMI | 1.5% | $6m | 39,375 | New |
| American Water Works CompanyAWK | 1.2% | $5m | 36,013 | New |
| Dominion EnergyD | 1.1% | $4m | 61,605 | New |
| XylemXYL | 1.1% | $4m | 34,513 | New |
| Xcel EnergyXEL | 1.0% | $4m | 49,822 | New |
| Waste ConnectionsWCN | 1.0% | $4m | 23,801 | New |
| GFL EnvironmentalGFL | 1.0% | $4m | 106,981 | New |
| American Electric PowerAEP | 0.9% | $4m | 26,592 | New |
| ExelonEXC | 0.9% | $4m | 77,480 | New |
| Iberdrola SAIBDRY | 0.8% | $3m | 29,888 | New |
| Pacific Airport GroupPAC | 0.8% | $3m | 9,701 | New |
| Duke EnergyDUK | 0.8% | $3m | 22,975 | New |
| OneokOKE | 0.6% | $2m | 28,513 | New |
| Public Service Enterprise GroupPEG | 0.6% | $2m | 27,549 | New |
| Ultrapar Participacoes SAUGP | 0.5% | $2m | 405,382 | New |
| FirstenergyFE | 0.5% | $2m | 41,927 | New |
| CMS EnergyCMS | 0.5% | $2m | 23,622 | New |
| Essential UtilitiesWTRG | 0.4% | $1m | 36,596 | New |
| TransaltaTAC | 0.4% | $1m | 99,595 | New |
| DTE EnergyDTE | 0.3% | $1m | 7,858 | New |
| Grupo Aeroportuario DEL CentOMAB | 0.3% | $1m | 9,365 | New |
| Atmos EnergyATO | 0.2% | $685,000 | 3,975 | New |
| Enel Societa PER Azioni UnsponENLAY | 0.1% | $569,000 | 49,779 | New |
| NisourceNI | 0.1% | $562,000 | 11,825 | New |
| Enphase EnergyENPH | 0.1% | $547,000 | 11,110 | New |
| T-Mobile USTMUS | <0.1% | $33,000 | 194 | New |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 9.7% since 31 December 2025.
Where the money is
Utilities41.2%
Energy29.5%
Industrials12.7%
Real estate9.4%
Financial services1.9%
Technology0.1%
Media & telecom0.0%
Other5.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.