Reaves W H
JERSEY CITY, NJfiles as REAVES W H & CO INC
$6.6bn in 94 US stocks at the end of 30 June 2026. The top 10 are 45.5% of the money. It changed about 11.8% of the portfolio this quarter.
Value
$6.6bn
Stocks
94
Top 10 share
45.5%
Turnover
11.8%
What changed this quarter
New
Bought for the first time this quarter.
- ITGITG0.8% of the fund
- X-Energy, INC Restricted Share0.5% of the fund
- Dominion EnergyD0.3% of the fund
- Fervo EnergyFRVO0.2% of the fund
- SHARONAI HOLDINGS INC - Restri0.2% of the fund
- Forgent Power SolutionsFPS0.2% of the fund
- York WaterYORW0.1% of the fund
- AlbemarleALB0.1% of the fund
- ERockEROC<0.1% of the fund
- X-EnergyXE<0.1% of the fund
- Black HillsBKH<0.1% of the fund
- SpireSR<0.1% of the fund
Added
Bought more of a stock they already held.
- EntergyETR5.2% of the fund+33%
- Constellation EnergyCEG4.9% of the fund+9%
- DT MidstreamDTM2.4% of the fund+15%
- American Electric PowerAEP2.1% of the fund+189%
- Dycom IndustriesDY2.0% of the fund+6%
- NextEra EnergyNEE1.9% of the fund+9%
- Canadian Pacific Kansas CityCP1.6% of the fund+16%
- WEC Energy GroupWEC1.5% of the fund+46%
- DTE EnergyDTE1.3% of the fund+80%
- CoherentCOHR1.3% of the fund+4%
- Cheniere EnergyLNG0.7% of the fund+663%
- Centrus EnergyLEU0.6% of the fund+7%
- American TowerAMT0.5% of the fund+116%
- Digital Realty TrustDLR0.5% of the fund+78%
- T-Mobile USTMUS0.4% of the fund+63%
- Old Dominion Freight LineODFL0.4% of the fund+85%
- TIC SolutionsTIC0.4% of the fund+2%
- Tamboran ResourcesTBN0.3% of the fund+262%
- Johnson Controls InternationalJCI0.1% of the fund+28%
- ComcastCMCSA<0.1% of the fund+644%
- F5FFIV<0.1% of the fund+24%
Cut
Sold some of their stake.
- Talen EnergyTLN8.6% of the fund-2%
- Centerpoint EnergyCNP4.4% of the fund-5%
- Xcel EnergyXEL4.1% of the fund-5%
- Alliant EnergyLNT3.2% of the fund-7%
- GE VernovaGEV3.0% of the fund-3%
- CorningGLW2.8% of the fund-6%
- SempraSRE2.7% of the fund-8%
- CMS EnergyCMS2.2% of the fund-10%
- Pinnacle West CapitalPNW1.5% of the fund-15%
- AmerenAEE1.5% of the fund-21%
- NRG EnergyNRG1.4% of the fund-13%
- OGE EnergyOGE1.1% of the fund-6%
- Arista NetworksANET0.8% of the fund-25%
- EQTEQT0.8% of the fund-14%
- USA Rare EarthUSAR0.7% of the fund-14%
- Lumentum HoldingsLITE0.5% of the fund-5%
- Vertiv HoldingsVRT0.3% of the fund-29%
- Marathon PetroleumMPC0.2% of the fund-74%
- UnitilUTL0.2% of the fund-17%
- WaterBridge InfrastructureWBI<0.1% of the fund-62%
- Union PacificUNP<0.1% of the fund-75%
- Public Service Enterprise GroupPEG<0.1% of the fund-82%
- Atmos EnergyATO<0.1% of the fund-5%
- SOLV EnergyMWH<0.1% of the fund-81%
- Southern CompanySO<0.1% of the fund-6%
Sold out
Sold their entire stake.
- PPLPPL-100%
- X-Energy Reactor CO. LLC Serie-100%
- Crown CastleCCI-100%
- Txnm EnergyTXNM-100%
- LindeLIN-100%
- Cogent Communications HoldingsCCOI-100%
- ExelonEXC-100%
- Verizon CommunicationsVZ-100%
Holdings
- CamecoCCJ
- Share
- 1.7%
- Value
- $115m
- Shares
- 1,125,240
Held
- ITGITG
- Share
- 0.8%
- Value
- $50m
- Shares
- 3,125,000
New
- Mplx LPMPLX
- Share
- 0.6%
- Value
- $38m
- Shares
- 670,500
Held
- X-Energy, INC Restricted Share
- Share
- 0.5%
- Value
- $31m
- Shares
- 1,891,802
New
- Rice Acquisition Corp 3KRSP-U
- Share
- 0.4%
- Value
- $26m
- Shares
- 2,400,000
Held
- Fervo EnergyFRVO
- Share
- 0.2%
- Value
- $13m
- Shares
- 450,000
New
- SHARONAI HOLDINGS INC - Restri
- Share
- 0.2%
- Value
- $12m
- Shares
- 181,871
New
- ERockEROC
- Share
- <0.1%
- Value
- $6m
- Shares
- 435,000
New
- X-EnergyXE
- Share
- <0.1%
- Value
- $6m
- Shares
- 300,000
New
- Reaves Utility Income FundUTG
- Share
- <0.1%
- Value
- $3m
- Shares
- 85,747
Held
- Deutsche Telekom AGDTEGY
- Share
- <0.1%
- Value
- $1m
- Shares
- 38,342
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Talen EnergyTLN | 8.6% | $567m | 1,476,664 | -2% |
| EntergyETR | 5.2% | $342m | 2,978,267 | +33% |
| VistraVST | 5.0% | $329m | 2,070,918 | Held |
| Constellation EnergyCEG | 4.9% | $326m | 1,310,640 | +9% |
| Centerpoint EnergyCNP | 4.4% | $292m | 6,627,665 | -5% |
| Xcel EnergyXEL | 4.1% | $270m | 3,358,472 | -5% |
| IdacorpIDA | 4.1% | $268m | 1,770,065 | Held |
| Alliant EnergyLNT | 3.2% | $212m | 2,784,686 | -7% |
| GE VernovaGEV | 3.0% | $200m | 169,847 | -3% |
| NisourceNI | 2.9% | $194m | 4,088,685 | Held |
| CorningGLW | 2.8% | $183m | 714,933 | -6% |
| EquinixEQIX | 2.7% | $181m | 173,604 | Held |
| Quanta ServicesPWR | 2.7% | $177m | 246,303 | Held |
| SempraSRE | 2.7% | $176m | 1,898,237 | -8% |
| DT MidstreamDTM | 2.4% | $158m | 1,075,353 | +15% |
| Williams CompaniesWMB | 2.4% | $157m | 2,114,150 | Held |
| CMS EnergyCMS | 2.2% | $146m | 1,909,154 | -10% |
| MP MaterialsMP | 2.2% | $146m | 2,606,844 | Held |
| American Electric PowerAEP | 2.1% | $136m | 994,697 | +189% |
| Dycom IndustriesDY | 2.0% | $133m | 263,260 | +6% |
| Enterprise Products Partners L.P.EPD | 1.9% | $128m | 3,493,940 | Held |
| NextEra EnergyNEE | 1.9% | $126m | 1,439,436 | +9% |
| CamecoCCJ | 1.7% | $115m | 1,125,240 | Held |
| Canadian Pacific Kansas CityCP | 1.6% | $109m | 1,252,277 | +16% |
| Pinnacle West CapitalPNW | 1.5% | $98m | 913,786 | -15% |
| WEC Energy GroupWEC | 1.5% | $96m | 822,305 | +46% |
| AmerenAEE | 1.5% | $96m | 846,298 | -21% |
| NRG EnergyNRG | 1.4% | $94m | 640,357 | -13% |
| DTE EnergyDTE | 1.3% | $89m | 581,441 | +80% |
| CoherentCOHR | 1.3% | $84m | 213,055 | +4% |
| OGE EnergyOGE | 1.1% | $74m | 1,513,586 | -6% |
| SBA CommunicationsSBAC | 0.9% | $57m | 322,464 | Held |
| Arista NetworksANET | 0.8% | $53m | 312,537 | -25% |
| ITGITG | 0.8% | $50m | 3,125,000 | New |
| EQTEQT | 0.8% | $50m | 939,843 | -14% |
| Cheniere EnergyLNG | 0.7% | $44m | 183,209 | +663% |
| USA Rare EarthUSAR | 0.7% | $43m | 2,000,000 | -14% |
| Centrus EnergyLEU | 0.6% | $38m | 226,429 | +7% |
| Mplx LPMPLX | 0.6% | $38m | 670,500 | Held |
| American TowerAMT | 0.5% | $35m | 211,538 | +116% |
| Lumentum HoldingsLITE | 0.5% | $34m | 39,906 | -5% |
| X-Energy, INC Restricted Share | 0.5% | $31m | 1,891,802 | New |
| Digital Realty TrustDLR | 0.5% | $30m | 167,437 | +78% |
| T-Mobile USTMUS | 0.4% | $29m | 174,266 | +63% |
| Old Dominion Freight LineODFL | 0.4% | $28m | 128,200 | +85% |
| Iron MountainIRM | 0.4% | $27m | 212,533 | Held |
| Rice Acquisition Corp 3KRSP-U | 0.4% | $26m | 2,400,000 | Held |
| TIC SolutionsTIC | 0.4% | $25m | 3,145,735 | +2% |
| National Fuel GasNFG | 0.4% | $24m | 314,465 | Held |
| Dominion EnergyD | 0.3% | $20m | 300,000 | New |
| Tamboran ResourcesTBN | 0.3% | $20m | 615,001 | +262% |
| Vertiv HoldingsVRT | 0.3% | $17m | 51,434 | -29% |
| Marathon PetroleumMPC | 0.2% | $14m | 56,500 | -74% |
| Fervo EnergyFRVO | 0.2% | $13m | 450,000 | New |
| SHARONAI HOLDINGS INC - Restri | 0.2% | $12m | 181,871 | New |
| Forgent Power SolutionsFPS | 0.2% | $11m | 200,000 | New |
| UnitilUTL | 0.2% | $11m | 206,918 | -17% |
| Johnson Controls InternationalJCI | 0.1% | $9m | 63,360 | +28% |
| Berkshire HathawayBRK-B | 0.1% | $9m | 17,591 | Held |
| York WaterYORW | 0.1% | $8m | 275,000 | New |
| AlbemarleALB | 0.1% | $7m | 50,000 | New |
| ERockEROC | <0.1% | $6m | 435,000 | New |
| H2O AmericaHTO | <0.1% | $6m | 100,000 | Held |
| WaterBridge InfrastructureWBI | <0.1% | $6m | 170,000 | -62% |
| X-EnergyXE | <0.1% | $6m | 300,000 | New |
| ComcastCMCSA | <0.1% | $5m | 195,002 | +644% |
| Lithium AmericasLAC | <0.1% | $5m | 1,240,000 | Held |
| Union PacificUNP | <0.1% | $5m | 17,060 | -75% |
| F5FFIV | <0.1% | $4m | 10,669 | +24% |
| Reaves Utility Income FundUTG | <0.1% | $3m | 85,747 | Held |
| Public Service Enterprise GroupPEG | <0.1% | $3m | 39,619 | -82% |
| Atmos EnergyATO | <0.1% | $3m | 15,795 | -5% |
| SOLV EnergyMWH | <0.1% | $3m | 75,000 | -81% |
| Chesapeake UtilitiesCPK | <0.1% | $2m | 20,000 | Held |
| Southern CompanySO | <0.1% | $2m | 23,267 | -6% |
| Lamar AdvertisingLAMR | <0.1% | $2m | 14,000 | Held |
| ExxonMobil HoldingsXOM | <0.1% | $2m | 12,800 | Held |
| AppleAAPL | <0.1% | $1m | 4,800 | Held |
| Duke EnergyDUK | <0.1% | $1m | 8,264 | Held |
| Deutsche Telekom AGDTEGY | <0.1% | $1m | 38,342 | Held |
| OneokOKE | <0.1% | $1m | 11,563 | -2% |
| PrologisPLD | <0.1% | $996,517 | 7,356 | Held |
| Pg&ePCG | <0.1% | $931,458 | 55,378 | -44% |
| Philip Morris InternationalPM | <0.1% | $904,550 | 5,000 | Held |
| EvergyEVRG | <0.1% | $871,042 | 10,078 | Held |
| Johnson & JohnsonJNJ | <0.1% | $832,514 | 3,278 | Held |
| New Jersey ResourcesNJR | <0.1% | $818,352 | 14,603 | Held |
| American Water Works CompanyAWK | <0.1% | $769,085 | 5,845 | -5% |
| PPG IndustriesPPG | <0.1% | $606,450 | 5,000 | Held |
| Altria GroupMO | <0.1% | $575,600 | 8,000 | Held |
| ChevronCVX | <0.1% | $566,236 | 3,416 | Held |
| Black HillsBKH | <0.1% | $501,754 | 6,744 | New |
| SpireSR | <0.1% | $436,835 | 5,594 | New |
| Baker HughesBKR | <0.1% | $277,500 | 5,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 46.1% since 30 June 2025.
Where the money is
Utilities63.1%
Industrials11.2%
Energy6.9%
Technology6.1%
Materials5.4%
Real estate5.0%
Media & telecom0.5%
Financial services0.1%
Everyday goods0.0%
Health care0.0%
Other1.7%
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.