Fractal Investments LLC
Sector Allocation
- Energy93.5%$810.5M
- Technology1.6%$14.3M
- Industrials1.4%$11.9M
- Materials1.3%$11.2M
- Consumer Staples1.1%$9.1M
- Consumer Discretionary0.5%$4.0M
- Healthcare0.4%$3.6M
- Communication Services0.1%$1.0M
- Utilities0.1%$493,014
- Real Estate0.0%$325,128
AUM History
13fpro.ai/research/fund/fractal-investments-llc-1843590
Conviction and streaks
Stable · top 10 = 76.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
ET
$104.6MMPLX
$94.0MPAA
$80.7MEPD
$67.5MWES
$66.7MWMB
$62.5MTRGP
$51.8MSUN
$46.0MTRP
$44.4MHESM
$43.6MDTM
$33.9MKMI
$33.5MLNG
$18.6MOKE
$13.6MNGL
$13.3MCQP
$11.8MGLP
$9.1MSNDK
$7.7MAM
$5.3MGEL
$4.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/fractal-investments-llc-1843590
Fractal Investments LLC 13F holdings — Q2 2026
$866.9M portfolio (+2.6% QoQ) · 80 holdings · Q2 2026 13F · top 10 are 76% of the stock portfolio
$104.6M
12.1% of stocks
+14%This quarter+0.9%Since filed10+ qtrsHeld$94.0M
10.8% of stocks
-19%This quarter+2.0%Since filed10+ qtrsHeld$80.7M
9.3% of stocks
No changeThis quarter+8.8%Since filed10+ qtrsHeld$67.5M
7.8% of stocks
No changeThis quarter-4.6%Since filed10+ qtrsHeld$66.7M
7.7% of stocks
-3%This quarter-5.8%Since filed10+ qtrsHeld$62.5M
7.2% of stocks
+3%This quarter-4.7%Since filed10+ qtrsHeld$51.8M
6.0% of stocks
+22%This quarter+6.7%Since filed10+ qtrsHeld$46.0M
5.3% of stocks
+11%This quarter-0.4%Since filed10+ qtrsHeld$44.4M
5.1% of stocks
+3%This quarter-10.8%Since filed9 qtrsHeld$43.6M
5.0% of stocks
-2%This quarter-23.0%Since filed10+ qtrsHeld
All holdings — Fractal Investments LLC (Q2 2026)
80 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | DT Midstream, Inc. | Energy | $33.9M | 3.9% | 231K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | KINDER MORGAN, INC. | Energy | $33.5M | 3.9% | 1.05M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Cheniere Energy, Inc. | Energy | $18.6M | 2.1% | 78K | +15% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | ONEOK INC /NEW/ | Energy | $13.6M | 1.6% | 157K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | NGL Energy Partners LPlp unit | Energy | $13.3M | 1.5% | 832K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Cheniere Energy Partners, L.P.lp unit | Energy | $11.8M | 1.4% | 194K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | GLOBAL PARTNERS LPlp unit | Consumer Staples | $9.1M | 1.1% | 195K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Sandisk Corp | Technology | $7.7M | 0.9% | 3,400 | -23% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Antero Midstream Corp | Energy | $5.3M | 0.6% | 233K | +23% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | GENESIS ENERGY LPlp unit | Energy | $4.9M | 0.6% | 343K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | GE Vernova Inc. | Industrials | $4.6M | 0.5% | 3,949 | — | 8 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | SUBURBAN PROPANE PARTNERS LPlp unit | Consumer Discretionary | $3.7M | 0.4% | 215K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | ENBRIDGE INC | Energy | $3.7M | 0.4% | 68K | — | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Qnity Electronics, Inc. | Technology | $3.3M | 0.4% | 20K | +18% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Solstice Advanced Materials Inc. | Healthcare | $2.5M | 0.3% | 28K | +12% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WLKP | Westlake Chemical Partners LP | Materials | $1.8M | 0.2% | 80K | — | |||
| 27 | $CAT | CATERPILLAR INC | Industrials | $1.4M | 0.2% | 1,342 | +204% | |||
| 28 | $NEM | NEWMONT Corp /DE/ | Materials | $1.4M | 0.2% | 15K | — | |||
| 29 | $CR | Crane Co | Industrials | $1.4M | 0.2% | 6,300 | +29% | |||
| 30 | $KNTK | Kinetik Holdings Inc. | Energy | $1.3M | 0.1% | 28K | — | |||
| 31 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $1.3M | 0.1% | 9,710 | — | |||
| 32 | $SMC | Summit Midstream Corp | Energy | $1.3M | 0.1% | 45K | — | |||
| 33 | $PHIN | PHINIA INC. | Industrials | $1.2M | 0.1% | 15K | — | |||
| 34 | $CF | CF Industries Holdings, Inc. | Materials | $1.1M | 0.1% | 10K | — | |||
| 35 | $ECG | Everus Construction Group, Inc. | Industrials | $1.1M | 0.1% | 6,400 | +31% | |||
| 36 | $FCX | FREEPORT-MCMORAN INC | Materials | $948K | 0.1% | 15K | — | |||
| 37 | $SHEL | Shell plc | Energy | $899K | 0.1% | 12K | — | |||
| 38 | $SU | SUNCOR ENERGY INC | Energy | $880K | 0.1% | 16K | — | |||
| 39 | $KEYS | Keysight Technologies, Inc. | Technology | $875K | 0.1% | 2,500 | New | |||
| 40 | $VLTO | Veralto Corp | Technology | $780K | 0.1% | 8,800 | — | |||
| 41 | $RIO | RIO TINTO PLC | Materials | $778K | 0.1% | 8,200 | — | |||
| 42 | $SCCO | SOUTHERN COPPER CORP/ | Materials | $770K | 0.1% | 4,419 | +1.0% | |||
| 43 | $BHP | BHP Group Ltd | Materials | $750K | 0.1% | 9,000 | — | |||
| 44 | $AEM | AGNICO EAGLE MINES LTD | Materials | $746K | 0.1% | 4,809 | — | |||
| 45 | $RAL | Ralliant Corp | Technology | $736K | 0.1% | 10K | New | |||
| 46 | $PH | Parker-Hannifin Corp | Industrials | $714K | 0.1% | 730 | — | |||
| 47 | $CVX | CHEVRON CORP | Energy | $696K | 0.1% | 4,200 | — | |||
| 48 | $STLD | STEEL DYNAMICS INC | Materials | $618K | 0.1% | 2,694 | — | |||
| 49 | $MLI | MUELLER INDUSTRIES INC | Materials | $606K | 0.1% | 4,926 | — | |||
| 50 | $B | BARRICK MINING CORP | Materials | $602K | 0.1% | 16K | — | |||
| 51 | $CON | Concentra Group Holdings Parent, Inc. | Healthcare | $595K | 0.1% | 20K | New | |||
| 52 | $MPC | Marathon Petroleum Corp | Energy | $586K | 0.1% | 2,291 | — | |||
| 53 | $NATL | NCR Atleos Corp | Technology | $551K | 0.1% | 13K | — | |||
| 54 | $DKL | Delek Logistics Partners, LP | Energy | $544K | 0.1% | 11K | — | |||
| 55 | $LLYVA | Liberty Live Holdings, Inc. | Communication Services | $543K | 0.1% | 5,143 | — | |||
| 56 | $FTV | Fortive Corp | Industrials | $513K | 0.1% | 8,400 | — | |||
| 57 | $SPHR | Sphere Entertainment Co. | Communication Services | $502K | 0.1% | 2,900 | New | |||
| 58 | $CEG | Constellation Energy Corp | Utilities | $493K | 0.1% | 1,985 | — | |||
| 59 | $COP | CONOCOPHILLIPS | Energy | $467K | 0.1% | 4,492 | — | |||
| 60 | $E | ENI SPA | Energy | $430K | 0.1% | 9,186 | — | |||
| 61 | $IMO | IMPERIAL OIL LTD | Energy | $416K | 0.1% | 3,710 | — | |||
| 62 | $TT | Trane Technologies plc | Technology | $393K | 0.1% | 800 | — | |||
| 63 | $CMC | COMMERCIAL METALS Co | Materials | $389K | 0.0% | 6,200 | — | |||
| 64 | $RS | RELIANCE, INC. | Consumer Discretionary | $374K | 0.0% | 1,000 | — | |||
| 65 | $VLO | VALERO ENERGY CORP/TX | Energy | $354K | 0.0% | 1,360 | — | |||
| 66 | $PLD | Prologis, Inc. | Real Estate | $325K | 0.0% | 2,400 | — | |||
| 67 | $DINO | HF Sinclair Corp | Energy | $320K | 0.0% | 4,600 | — | |||
| 68 | $KEX | KIRBY CORP | Industrials | $299K | 0.0% | 2,200 | New | |||
| 69 | $FTRE | Fortrea Holdings Inc. | Healthcare | $296K | 0.0% | 17K | New | |||
| 70 | $MT | ArcelorMittal | Materials | $289K | 0.0% | 4,800 | — | |||
| 71 | $RNA.R1599901 | Avidity Biosciences, Inc. | Healthcare | $269K | 0.0% | 20K | — | |||
| 72 | — | VERSIGENT PLC - ORDINARY SHARES | — | $252K | 0.0% | 6,000 | New | |||
| 73 | $PAAS | PAN AMERICAN SILVER CORP | Materials | $249K | 0.0% | 5,567 | — | |||
| 74 | $GE | GENERAL ELECTRIC CO | Industrials | $247K | 0.0% | 660 | New | |||
| 75 | $HAL | HALLIBURTON CO | Energy | $244K | 0.0% | 7,200 | — | |||
| 76 | $RIG | Transocean Ltd. | Energy | $235K | 0.0% | 48K | New | |||
| 77 | $BKR | Baker Hughes Co | Energy | $216K | 0.0% | 3,900 | — | |||
| 78 | $GEF | GREIF, INC | Industrials | $209K | 0.0% | 2,800 | New | |||
| 79 | $FIP | FTAI Infrastructure Inc. | Industrials | $153K | 0.0% | 33K | — | |||
| 80 | $GGB | GERDAU S.A. | Materials | $134K | 0.0% | 33K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 10 new, 13 added to, 4 trimmed, 11 sold out. Share-count changes; largest moves by dollar size first.
New positions (10)
$KEYSKeysight Technologies, Inc.$875K
first bought this quarter
$RALRalliant Corp$736K
first bought this quarter
$CONConcentra Group Holdings Parent, Inc.$595K
first bought this quarter
$SPHRSphere Entertainment Co.$502K
first bought this quarter
$KEXKIRBY CORP$299K
first bought this quarter
$FTREFortrea Holdings Inc.$296K
first bought this quarter
+4 more in the Excel export
Added to (13)
now $104.6M · held 10+ qtrs
now $51.8M · held 10+ qtrs
now $46.0M · held 10+ qtrs
now $18.6M · held 10+ qtrs
now $62.5M · held 10+ qtrs
now $44.4M · held 9 qtrs
+7 more in the Excel export
Trimmed (4)
Holdings by quarter
Every 13F Fractal Investments LLC has filed, 18 earlier quarters. Pick one to see what it held then.
Is it too late to follow Fractal Investments?
Q2 2026 13F filed with the SEC on Jul 23, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Fractal Investments's top 20 holdings: 64/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-1.7%
Value-weighted move of the 10 largest stock positions
Turnover
4%
Last quarter; 10% over the last 4
Top 10 weight
76%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
97%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Fractal Investments LLC disclosed 80 positions worth $866.9M in its Form 13F-HR for Q2 2026, led by $ET (Energy Transfer LP) at 12.1% of the equity portfolio, followed by $MPLX and $PAA. During the quarter the fund opened 10 new positions and exited 11 — including a new stake in $KEYS and a full exit from $GEHC. The portfolio is most concentrated in Energy (93.5% of disclosed assets). All figures are sourced directly from Fractal Investments LLC’s Form 13F-HR filing with the SEC under CIK 1843590.
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