Capital Innovations LLC Quant / Systematic

Location: Waukesha, WI

CIK: 0001596076 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 10, 2026

Total Value: $351M (100.0% shares, 0.0% debt)

Holdings (51)

CEG Constellation Energy 6.4%

Value $22.6M Shares 63,976 Est. Cost $363.20 Unrealized 0.0%

Value $20.4M Shares 531,546 Est. Cost $36.06 Unrealized 0.0%

VST Vistra 5.7%

Value $20.15M Shares 124,901 Est. Cost $181.92 Unrealized 0.0%

NEE NextEra Energy 5.5%

Value $19.3M Shares 240,391 Est. Cost $80.79 Unrealized +2.1%

WMB Williams 5.4%

Value $19.07M Shares 317,298 Est. Cost $60.06 Unrealized 0.0%

NRG NRG Energy 4.1%

Value $14.45M Shares 90,744 Est. Cost $165.30 Unrealized 0.0%

Value $13.91M Shares 259,594 Est. Cost $56.13 Unrealized 0.0%

DLR Digital Realty Trust 3.7%

Value $13.15M Shares 84,979 Est. Cost $163.13 Unrealized 0.0%

SBAC SBA Communications Class A 3.5%

Value $12.33M Shares 63,760 Est. Cost $192.67 Unrealized 0.0%

UNP Union Pacific 3.1%

Value $10.94M Shares 47,283 Est. Cost $227.32 Unrealized 0.0%

LNG Cheniere Energy 3.1%

Value $10.8M Shares 55,533 Est. Cost $209.99 Unrealized 0.0%

CP Canadian Pacific Kansas City 3.0%

Value $10.46M Shares 142,128 Est. Cost $73.60 Unrealized 0.0%

AMT American Tower 2.9%

Value $10.35M Shares 58,925 Est. Cost $180.30 Unrealized 0.0%

SRE Sempra 2.9%

Value $10.29M Shares 116,533 Est. Cost $90.54 Unrealized 0.0%

SO Southern 2.9%

Value $10.1M Shares 115,871 Est. Cost $90.89 Unrealized 0.0%

TRP TC Energy 2.8%

Value $9.758M Shares 177,391 Est. Cost $53.35 Unrealized 0.0%

HAL Halliburton 2.6%

Value $8.987M Shares 318,002 Est. Cost $26.29 Unrealized 0.0%

ENB Enbridge 2.5%

Value $8.837M Shares 184,766 Est. Cost $47.11 Unrealized 0.0%

WM Waste Management 2.0%

Value $6.896M Shares 31,389 Est. Cost $212.55 Unrealized 0.0%

BMI Badger Meter 2.0%

Value $6.867M Shares 39,375 Est. Cost $179.79 Unrealized 0.0%

NGG National Grid 1.9%

Value $6.526M Shares 84,370 Est. Cost $77.35 Unrealized —

DTM DT Midstream 1.8%

Value $6.491M Shares 54,239 Est. Cost $114.29 Unrealized 0.0%

HASI HA Sustainable Infrastructure Capital 1.7%

Value $5.908M Shares 187,959 Est. Cost $31.10 Unrealized 0.0%

Value $5.209M Shares 97,719 Est. Cost $53.31 Unrealized —

ETR Entergy 1.5%

Value $5.183M Shares 56,073 Est. Cost $94.54 Unrealized 0.0%

EIX Edison International 1.5%

Value $5.13M Shares 85,471 Est. Cost $57.33 Unrealized 0.0%

Value $4.7M Shares 34,513 Est. Cost $143.58 Unrealized 0.0%

AWK American Water Works 1.3%

Value $4.7M Shares 36,013 Est. Cost $133.18 Unrealized 0.0%

GFL GFL Environmental 1.3%

Value $4.595M Shares 106,981 Est. Cost $44.67 Unrealized 0.0%

WCN Waste Connections 1.2%

Value $4.174M Shares 23,801 Est. Cost $172.81 Unrealized 0.0%

XEL Xcel Energy 1.0%

Value $3.68M Shares 49,822 Est. Cost $78.29 Unrealized 0.0%

D Dominion Energy 1.0%

Value $3.609M Shares 61,605 Est. Cost $59.76 Unrealized 0.0%

EXC Exelon 1.0%

Value $3.377M Shares 77,480 Est. Cost $45.46 Unrealized 0.0%

ASR Grupo Aeroportuario 0.9%

Value $3.137M Shares 9,701 Est. Cost $323.40 Unrealized —

AEP American Electric Power 0.9%

Value $3.066M Shares 26,592 Est. Cost $117.70 Unrealized 0.0%

DUK Duke Energy 0.8%

Value $2.693M Shares 22,975 Est. Cost $121.57 Unrealized 0.0%

IBDRY Iberdrola 0.7%

Value $2.582M Shares 29,888 Est. Cost $86.40 Unrealized —

PEG Public Service Enterprise Group 0.6%

Value $2.212M Shares 27,549 Est. Cost $81.08 Unrealized 0.0%

Value $2.096M Shares 28,513 Est. Cost $70.46 Unrealized 0.0%

FE FirstEnergy 0.5%

Value $1.877M Shares 41,927 Est. Cost $45.73 Unrealized 0.0%

CMS CMS Energy 0.5%

Value $1.652M Shares 23,622 Est. Cost $72.50 Unrealized 0.0%

UGP Ultrapar Participacoes 0.4%

Value $1.528M Shares 405,382 Est. Cost $3.77 Unrealized —

WTRG Essential Utilities 0.4%

Value $1.404M Shares 36,596 Est. Cost $39.35 Unrealized 0.0%

TAC TransAlta 0.4%

Value $1.259M Shares 99,595 Est. Cost $14.93 Unrealized 0.0%

OMAB Grupo Aeroportuario del Centro Norte 0.3%

Value $1.019M Shares 9,365 Est. Cost $108.77 Unrealized —

DTE DTE Energy 0.3%

Value $1.014M Shares 7,858 Est. Cost $134.80 Unrealized 0.0%

SEDG Solaredge Technologies 0.2%

Value $689K Shares 23,883 Est. Cost $34.87 Unrealized 0.0%

ATO Atmos Energy 0.2%

Value $666K Shares 3,975 Est. Cost $172.31 Unrealized 0.0%

ENLAY Enel Societa Per Azioni 0.1%

Value $517K Shares 49,779 Est. Cost $10.38 Unrealized —

NI NiSource 0.1%

Value $494K Shares 11,825 Est. Cost $42.62 Unrealized 0.0%

ENPH Enphase Energy 0.1%

Value $356K Shares 11,110 Est. Cost $32.39 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CEG	Constellation Energy	63,976	$22.6M	6.4%	$363.20	0.0%	COM	21037T109
SLB	SLB	531,546	$20.4M	5.8%	$36.06	0.0%	COM	806857108
VST	Vistra	124,901	$20.15M	5.7%	$181.92	0.0%	COM	92840M102
NEE	NextEra Energy	240,391	$19.3M	5.5%	$80.79	+2.1%	COM	65339F101
WMB	Williams	317,298	$19.07M	5.4%	$60.06	0.0%	COM	969457100
NRG	NRG Energy	90,744	$14.45M	4.1%	$165.30	0.0%	COM	629377508
EQT	EQT	259,594	$13.91M	4.0%	$56.13	0.0%	COM	26884L109
DLR	Digital Realty Trust	84,979	$13.15M	3.7%	$163.13	0.0%	COM	253868103
SBAC	SBA Communications Class A	63,760	$12.33M	3.5%	$192.67	0.0%	CL A	78410G104
UNP	Union Pacific	47,283	$10.94M	3.1%	$227.32	0.0%	COM	907818108
LNG	Cheniere Energy	55,533	$10.8M	3.1%	$209.99	0.0%	COM	16411R208
CP	Canadian Pacific Kansas City	142,128	$10.46M	3.0%	$73.60	0.0%	COM	13646K108
AMT	American Tower	58,925	$10.35M	2.9%	$180.30	0.0%	COM	03027X100
SRE	Sempra	116,533	$10.29M	2.9%	$90.54	0.0%	COM	816851109
SO	Southern	115,871	$10.1M	2.9%	$90.89	0.0%	COM	842587107
TRP	TC Energy	177,391	$9.758M	2.8%	$53.35	0.0%	COM	87807B107
HAL	Halliburton	318,002	$8.987M	2.6%	$26.29	0.0%	COM	406216101
ENB	Enbridge	184,766	$8.837M	2.5%	$47.11	0.0%	COM	29250N105
WM	Waste Management	31,389	$6.896M	2.0%	$212.55	0.0%	COM	94106L109
BMI	Badger Meter	39,375	$6.867M	2.0%	$179.79	0.0%	COM	056525108
NGG	National Grid	84,370	$6.526M	1.9%	$77.35	—	ADR	636274409
DTM	DT Midstream	54,239	$6.491M	1.8%	$114.29	0.0%	COM	23345M107
HASI	HA Sustainable Infrastructure Capital	187,959	$5.908M	1.7%	$31.10	0.0%	COM	41068X100
RWEOY	RWE	97,719	$5.209M	1.5%	$53.31	—	ADR	74975E303
ETR	Entergy	56,073	$5.183M	1.5%	$94.54	0.0%	COM	29364G103
EIX	Edison International	85,471	$5.13M	1.5%	$57.33	0.0%	COM	281020107
XYL	Xylem	34,513	$4.7M	1.3%	$143.58	0.0%	COM	98419M100
AWK	American Water Works	36,013	$4.7M	1.3%	$133.18	0.0%	COM	030420103
GFL	GFL Environmental	106,981	$4.595M	1.3%	$44.67	0.0%	COM	36168Q104
WCN	Waste Connections	23,801	$4.174M	1.2%	$172.81	0.0%	COM	94106B101
XEL	Xcel Energy	49,822	$3.68M	1.0%	$78.29	0.0%	COM	98389B100
D	Dominion Energy	61,605	$3.609M	1.0%	$59.76	0.0%	COM	25746U109
EXC	Exelon	77,480	$3.377M	1.0%	$45.46	0.0%	COM	30161N101
ASR	Grupo Aeroportuario	9,701	$3.137M	0.9%	$323.40	—	ADR	40051E202
AEP	American Electric Power	26,592	$3.066M	0.9%	$117.70	0.0%	COM	025537101
DUK	Duke Energy	22,975	$2.693M	0.8%	$121.57	0.0%	COM	26441C204
IBDRY	Iberdrola	29,888	$2.582M	0.7%	$86.40	—	ADR	450737101
PEG	Public Service Enterprise Group	27,549	$2.212M	0.6%	$81.08	0.0%	COM	744573106
OKE	Oneok	28,513	$2.096M	0.6%	$70.46	0.0%	COM	682680103
FE	FirstEnergy	41,927	$1.877M	0.5%	$45.73	0.0%	COM	337932107
CMS	CMS Energy	23,622	$1.652M	0.5%	$72.50	0.0%	COM	125896100
UGP	Ultrapar Participacoes	405,382	$1.528M	0.4%	$3.77	—	ADR	90400P101
WTRG	Essential Utilities	36,596	$1.404M	0.4%	$39.35	0.0%	COM	29670G102
TAC	TransAlta	99,595	$1.259M	0.4%	$14.93	0.0%	COM	89346D107
OMAB	Grupo Aeroportuario del Centro Norte	9,365	$1.019M	0.3%	$108.77	—	ADR	400501102
DTE	DTE Energy	7,858	$1.014M	0.3%	$134.80	0.0%	COM	233331107
SEDG	Solaredge Technologies	23,883	$689K	0.2%	$34.87	0.0%	COM	83417M104
ATO	Atmos Energy	3,975	$666K	0.2%	$172.31	0.0%	COM	049560105
ENLAY	Enel Societa Per Azioni	49,779	$517K	0.1%	$10.38	—	ADR	29265W207
NI	NiSource	11,825	$494K	0.1%	$42.62	0.0%	COM	65473P105
ENPH	Enphase Energy	11,110	$356K	0.1%	$32.39	0.0%	COM	29355A107