MEKETA INVESTMENT GROUP INC /ADV Concentrated Active

CIK: 0000310436 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $29,589 (100.0% shares, 0.0% debt)

Holdings (28)

Increased Positions (1)

BN BROOKFIELD CORP 2.3%

Value ($000) $669 (+0.4%) Shares 14,577 (+50.0%) Est. Cost $40.19 Unrealized +13.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BN	BROOKFIELD CORP	14,577 (+50.0%)	$669 (+0.4%)	2.3%	$40.19	+13.3%	CL A LTD VT SH	11271J107

Decreased Positions (1)

IGF ISHARES TR 0.8%

Value ($000) $246 (-6.5%) Shares 4,016 (-6.8%) Est. Cost $52.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IGF	ISHARES TR	4,016 (-6.8%)	$246 (-6.5%)	0.8%	$52.27	—	GLB INFRASTR ETF	464288372

Unchanged Positions (26)

BX BLACKSTONE INC 5.3%

Value ($000) $1,583 Shares 10,267 Est. Cost $162.80 Unrealized -7.0%

APO APOLLO GLOBAL MGMT INC 5.4%

Value ($000) $1,597 Shares 11,034 Est. Cost $153.42 Unrealized -13.6%

AMT AMERICAN TOWER CORP NEW 4.2%

Value ($000) $1,248 Shares 7,109 Est. Cost $193.53 Unrealized -6.8%

LNG CHENIERE ENERGY INC 1.8%

Value ($000) $525 Shares 2,703 Est. Cost $211.89 Unrealized -0.9%

BAM BROOKFIELD ASSET MANAGMT LTD 4.0%

Value ($000) $1,179 Shares 22,505 Est. Cost $53.06 Unrealized +0.8%

CG CARLYLE GROUP INC 5.7%

Value ($000) $1,679 Shares 28,398 Est. Cost $48.41 Unrealized +16.3%

CCI CROWN CASTLE INC 4.0%

Value ($000) $1,180 Shares 13,277 Est. Cost $93.08 Unrealized -2.1%

TPG TPG INC 3.2%

Value ($000) $956 Shares 14,980 Est. Cost $61.54 Unrealized -4.1%

NEE NEXTERA ENERGY INC 5.4%

Value ($000) $1,590 Shares 19,809 Est. Cost $71.63 Unrealized +15.2%

SO SOUTHERN CO 3.6%

Value ($000) $1,062 Shares 12,179 Est. Cost $84.33 Unrealized +7.8%

OWL BLUE OWL CAPITAL INC 2.1%

Value ($000) $634 Shares 42,456 Est. Cost $22.59 Unrealized -30.8%

AWK AMERICAN WTR WKS CO INC NEW 3.6%

Value ($000) $1,074 Shares 8,232 Est. Cost $130.16 Unrealized +2.3%

D DOMINION ENERGY INC 4.3%

Value ($000) $1,286 Shares 21,944 Est. Cost $53.44 Unrealized +11.8%

WMB WILLIAMS COS INC 2.3%

Value ($000) $689 Shares 11,463 Est. Cost $53.05 Unrealized +13.2%

UNP UNION PAC CORP 5.0%

Value ($000) $1,465 Shares 6,333 Est. Cost $232.81 Unrealized -2.4%

KKR KKR & CO INC 5.0%

Value ($000) $1,469 Shares 11,521 Est. Cost $140.62 Unrealized -11.6%

SRE SEMPRA 4.8%

Value ($000) $1,419 Shares 16,069 Est. Cost $80.29 Unrealized +12.8%

ATO ATMOS ENERGY CORP 4.6%

Value ($000) $1,367 Shares 8,156 Est. Cost $140.37 Unrealized +22.8%

NSC NORFOLK SOUTHN CORP 1.8%

Value ($000) $541 Shares 1,873 Est. Cost $244.30 Unrealized +18.1%

KMI KINDER MORGAN INC DEL 1.9%

Value ($000) $568 Shares 20,665 Est. Cost $25.56 Unrealized +5.3%

STEP STEPSTONE GROUP INC 3.1%

Value ($000) $922 Shares 14,363 Est. Cost $60.28 Unrealized +4.9%

ARES ARES MANAGEMENT CORPORATION 4.9%

Value ($000) $1,444 Shares 8,931 Est. Cost $167.06 Unrealized -7.2%

CSX CSX CORP 2.5%

Value ($000) $739 Shares 20,394 Est. Cost $32.41 Unrealized +10.2%

OKE ONEOK INC NEW 1.9%

Value ($000) $565 Shares 7,693 Est. Cost $95.16 Unrealized -26.0%

HLNE HAMILTON LANE INC 2.8%

Value ($000) $837 Shares 6,235 Est. Cost $160.54 Unrealized -21.7%

SBAC SBA COMMUNICATIONS CORP NEW 3.6%

Value ($000) $1,055 Shares 5,452 Est. Cost $212.81 Unrealized -9.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BX	BLACKSTONE INC	10,267	$1,583	5.3%	$162.80	-7.0%	COM	09260D107
APO	APOLLO GLOBAL MGMT INC	11,034	$1,597	5.4%	$153.42	-13.6%	COM	03769M106
AMT	AMERICAN TOWER CORP NEW	7,109	$1,248	4.2%	$193.53	-6.8%	COM	03027X100
LNG	CHENIERE ENERGY INC	2,703	$525	1.8%	$211.89	-0.9%	COM NEW	16411R208
BAM	BROOKFIELD ASSET MANAGMT LTD	22,505	$1,179	4.0%	$53.06	+0.8%	CL A LMT VTG SHS	113004105
CG	CARLYLE GROUP INC	28,398	$1,679	5.7%	$48.41	+16.3%	COM	14316J108
CCI	CROWN CASTLE INC	13,277	$1,180	4.0%	$93.08	-2.1%	COM	22822V101
TPG	TPG INC	14,980	$956	3.2%	$61.54	-4.1%	COM CL A	872657101
NEE	NEXTERA ENERGY INC	19,809	$1,590	5.4%	$71.63	+15.2%	COM	65339F101
SO	SOUTHERN CO	12,179	$1,062	3.6%	$84.33	+7.8%	COM	842587107
OWL	BLUE OWL CAPITAL INC	42,456	$634	2.1%	$22.59	-30.8%	COM CL A	09581B103
AWK	AMERICAN WTR WKS CO INC NEW	8,232	$1,074	3.6%	$130.16	+2.3%	COM	030420103
D	DOMINION ENERGY INC	21,944	$1,286	4.3%	$53.44	+11.8%	COM	25746U109
WMB	WILLIAMS COS INC	11,463	$689	2.3%	$53.05	+13.2%	COM	969457100
UNP	UNION PAC CORP	6,333	$1,465	5.0%	$232.81	-2.4%	COM	907818108
KKR	KKR & CO INC	11,521	$1,469	5.0%	$140.62	-11.6%	COM	48251W104
SRE	SEMPRA	16,069	$1,419	4.8%	$80.29	+12.8%	COM	816851109
ATO	ATMOS ENERGY CORP	8,156	$1,367	4.6%	$140.37	+22.8%	COM	049560105
NSC	NORFOLK SOUTHN CORP	1,873	$541	1.8%	$244.30	+18.1%	COM	655844108
KMI	KINDER MORGAN INC DEL	20,665	$568	1.9%	$25.56	+5.3%	COM	49456B101
STEP	STEPSTONE GROUP INC	14,363	$922	3.1%	$60.28	+4.9%	COM CL A	85914M107
ARES	ARES MANAGEMENT CORPORATION	8,931	$1,444	4.9%	$167.06	-7.2%	CL A COM STK	03990B101
CSX	CSX CORP	20,394	$739	2.5%	$32.41	+10.2%	COM	126408103
OKE	ONEOK INC NEW	7,693	$565	1.9%	$95.16	-26.0%	COM	682680103
HLNE	HAMILTON LANE INC	6,235	$837	2.8%	$160.54	-21.7%	CL A	407497106
SBAC	SBA COMMUNICATIONS CORP NEW	5,452	$1,055	3.6%	$212.81	-9.5%	CL A	78410G104