Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ITG	ITG INC.	3,125,000	$50M	0.8%	$16.00	—	COM	45047B105
—	X-ENERGY, INC RESTRICTED SHARE	1,891,802	$31.26M	0.5%	$16.52	—	COM	98386P333
D	DOMINION ENERGY INC.	300,000	$20.49M	0.3%	$68.29	—	COM	25746U109
FRVO	FERVO ENERGY CO CL A	450,000	$13.15M	0.2%	$29.23	—	COM	31556C106
—	SHARONAI HOLDINGS INC - Restri	181,871	$12.5M	0.2%	$68.73	—	COM	778920999
FPS	FORGENT POWER SOLUTIONS INC	200,000	$11.17M	0.2%	$55.86	—	COM	34631F102
YORW	THE YORK WATER COMPANY	275,000	$8.429M	0.1%	$30.65	—	COM	987184108
ALB	ALBEMARLE CORP COM	50,000	$6.752M	0.1%	$135.03	—	COM	012653101
EROC	EROCK INC	435,000	$6.308M	0.1%	$14.50	—	COM	296013105
XE	X-ENERGY, INC	300,000	$5.508M	0.1%	$18.36	—	COM	98386P102
BKH	BLACK HILLS CORP COM	6,744	$502K	0.0%	$74.40	—	COM	092113109
SR	SPIRE INC	5,594	$437K	0.0%	$78.09	—	COM	84857L101

Increased Positions (23)

AEP AMERICAN ELEC PWR INC COM 2.1%

Value $136M (+201.2%) Shares 994,697 (+188.6%) Est. Cost $131.17 Unrealized —

ETR ENTERGY CORP NEW COM 5.2%

Value $342M (+35.7%) Shares 2,978,267 (+32.8%) Est. Cost $78.28 Unrealized —

DY DYCOM INDS INC COM 2.0%

Value $133M (+58.3%) Shares 263,260 (+6.1%) Est. Cost $287.51 Unrealized —

DTE DTE ENERGY CO COM 1.3%

Value $88.59M (+87.2%) Shares 581,441 (+79.6%) Est. Cost $119.63 Unrealized —

LNG CHENIERE ENERGY INC 0.7%

Value $43.79M (+543.0%) Shares 183,209 (+663.4%) Est. Cost $235.18 Unrealized —

COHR COHERENT CORP 1.3%

Value $84.04M (+71.4%) Shares 213,055 (+3.5%) Est. Cost $211.71 Unrealized —

DTM DT MIDSTREAM INC 2.4%

Value $158M (+25.7%) Shares 1,075,353 (+15.3%) Est. Cost $77.52 Unrealized —

WEC WEC ENERGY GROUP INC COM 1.5%

Value $96.02M (+47.3%) Shares 822,305 (+46.1%) Est. Cost $111.33 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY L 1.6%

Value $109M (+27.9%) Shares 1,252,277 (+16.1%) Est. Cost $78.55 Unrealized —

AMT AMERICAN TOWER REIT COM 0.5%

Value $34.6M (+104.5%) Shares 211,538 (+115.8%) Est. Cost $170.88 Unrealized —

ODFL OLD DOMINION FREIGHT LINE 0.4%

Value $27.77M (+105.4%) Shares 128,200 (+85.3%) Est. Cost $198.42 Unrealized —

DLR DIGITAL REALTY TR 0.5%

Value $30.07M (+77.5%) Shares 167,437 (+78.1%) Est. Cost $160.74 Unrealized —

TBN TAMBORAN RESOURCES CORP 0.3%

Value $19.99M (+135.3%) Shares 615,001 (+261.8%) Est. Cost $30.87 Unrealized —

CEG CONSTELLATION ENERGY CORP 4.9%

Value $326M (-3.1%) Shares 1,310,640 (+8.9%) Est. Cost $178.82 Unrealized —

TMUS T-MOBILE US INC COM 0.4%

Value $29.23M (+30.1%) Shares 174,266 (+62.9%) Est. Cost $143.78 Unrealized —

TIC TIC SOLUTIONS INC 0.4%

Value $25.45M (+25.7%) Shares 3,145,735 (+2.3%) Est. Cost $10.81 Unrealized —

WMB WILLIAMS COS INC COM 2.4%

Value $157M (+3.3%) Shares 2,114,150 (+1.2%) Est. Cost $52.19 Unrealized —

NEE NEXTERA ENERGY INC COM 1.9%

Value $126M (+3.4%) Shares 1,439,436 (+9.4%) Est. Cost $74.43 Unrealized —

CMCSA COMCAST CORP CLASS A 0.1%

Value $4.787M (+536.4%) Shares 195,002 (+644.3%) Est. Cost $25.89 Unrealized —

JCI JOHNSON CTLS INTL PLC SHS 0.1%

Value $9.258M (+42.3%) Shares 63,360 (+27.6%) Est. Cost $94.07 Unrealized —

FFIV F5 NETWORKS INC COM 0.1%

Value $4.438M (+78.6%) Shares 10,669 (+24.2%) Est. Cost $300.44 Unrealized —

LEU CENTRUS ENERGY CORP CL A 0.6%

Value $38.01M (+3.3%) Shares 226,429 (+6.8%) Est. Cost $115.09 Unrealized —

— REAVES UTIL INCOME FD COM SH B 0.1%

Value $3.492M (+5.1%) Shares 85,747 (+1.4%) Est. Cost $29.74 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AEP	AMERICAN ELEC PWR INC COM	994,697 (+188.6%)	$136M (+201.2%)	2.1%	$131.17	—	COM	025537101
ETR	ENTERGY CORP NEW COM	2,978,267 (+32.8%)	$342M (+35.7%)	5.2%	$78.28	—	COM	29364G103
DY	DYCOM INDS INC COM	263,260 (+6.1%)	$133M (+58.3%)	2.0%	$287.51	—	COM	267475101
DTE	DTE ENERGY CO COM	581,441 (+79.6%)	$88.59M (+87.2%)	1.3%	$119.63	—	COM	233331107
LNG	CHENIERE ENERGY INC	183,209 (+663.4%)	$43.79M (+543.0%)	0.7%	$235.18	—	COM	16411R208
COHR	COHERENT CORP	213,055 (+3.5%)	$84.04M (+71.4%)	1.3%	$211.71	—	COM	19247G107
DTM	DT MIDSTREAM INC	1,075,353 (+15.3%)	$158M (+25.7%)	2.4%	$77.52	—	COM	23345M107
WEC	WEC ENERGY GROUP INC COM	822,305 (+46.1%)	$96.02M (+47.3%)	1.5%	$111.33	—	COM	92939U106
CP	CANADIAN PACIFIC KANSAS CITY L	1,252,277 (+16.1%)	$109M (+27.9%)	1.6%	$78.55	—	COM	13646K108
AMT	AMERICAN TOWER REIT COM	211,538 (+115.8%)	$34.6M (+104.5%)	0.5%	$170.88	—	COM	03027X100
ODFL	OLD DOMINION FREIGHT LINE	128,200 (+85.3%)	$27.77M (+105.4%)	0.4%	$198.42	—	COM	679580100
DLR	DIGITAL REALTY TR	167,437 (+78.1%)	$30.07M (+77.5%)	0.5%	$160.74	—	COM	253868103
TBN	TAMBORAN RESOURCES CORP	615,001 (+261.8%)	$19.99M (+135.3%)	0.3%	$30.87	—	COM	87507T101
CEG	CONSTELLATION ENERGY CORP	1,310,640 (+8.9%)	$326M (-3.1%)	4.9%	$178.82	—	COM	21037T109
TMUS	T-MOBILE US INC COM	174,266 (+62.9%)	$29.23M (+30.1%)	0.4%	$143.78	—	COM	872590104
TIC	TIC SOLUTIONS INC	3,145,735 (+2.3%)	$25.45M (+25.7%)	0.4%	$10.81	—	COM	00510N102
WMB	WILLIAMS COS INC COM	2,114,150 (+1.2%)	$157M (+3.3%)	2.4%	$52.19	—	COM	969457100
NEE	NEXTERA ENERGY INC COM	1,439,436 (+9.4%)	$126M (+3.4%)	1.9%	$74.43	—	COM	65339F101
CMCSA	COMCAST CORP CLASS A	195,002 (+644.3%)	$4.787M (+536.4%)	0.1%	$25.89	—	COM	20030N101
JCI	JOHNSON CTLS INTL PLC SHS	63,360 (+27.6%)	$9.258M (+42.3%)	0.1%	$94.07	—	COM	G51502105
FFIV	F5 NETWORKS INC COM	10,669 (+24.2%)	$4.438M (+78.6%)	0.1%	$300.44	—	COM	315616102
LEU	CENTRUS ENERGY CORP CL A	226,429 (+6.8%)	$38.01M (+3.3%)	0.6%	$115.09	—	COM	15643U104
—	REAVES UTIL INCOME FD COM SH B	85,747 (+1.4%)	$3.492M (+5.1%)	0.1%	$29.74	—	CEF	756158101

Exited Positions (8)

PPL PPL CORP COM 2.1%

Value $142M Shares 3,706,113 Est. Cost $30.37 Unrealized —

— X-ENERGY REACTOR CO. LLC SERIE 0.4%

Value $27.5M Shares 1,891,802 Est. Cost $14.54 Unrealized —

CCI CROWN CASTLE INC 0.4%

Value $23.38M Shares 287,589 Est. Cost $99.10 Unrealized —

TXNM TXNM ENERGY INC 0.0%

Value $2.408M Shares 41,188 Est. Cost $40.94 Unrealized —

LIN LINDE PLC SH 0.0%

Value $2.156M Shares 4,349 Est. Cost $322.30 Unrealized —

CCOI COGENT COMMUNICATIONS HLDGS CO 0.0%

Value $529K Shares 28,098 Est. Cost $59.37 Unrealized —

EXC EXELON CORP COM 0.0%

Value $392K Shares 7,990 Est. Cost $30.49 Unrealized —

VZ VERIZON COMMUNICATIONS COM 0.0%

Value $234K Shares 4,665 Est. Cost $43.82 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PPL	PPL CORP COM	3,706,113	$142M	2.1%	$30.37	—	—	69351T106
—	X-ENERGY REACTOR CO. LLC SERIE	1,891,802	$27.5M	0.4%	$14.54	—	—	984111777
CCI	CROWN CASTLE INC	287,589	$23.38M	0.4%	$99.10	—	—	22822V101
TXNM	TXNM ENERGY INC	41,188	$2.408M	0.0%	$40.94	—	—	69349H107
LIN	LINDE PLC SH	4,349	$2.156M	0.0%	$322.30	—	—	G54950103
CCOI	COGENT COMMUNICATIONS HLDGS CO	28,098	$529K	0.0%	$59.37	—	—	19239V302
EXC	EXELON CORP COM	7,990	$392K	0.0%	$30.49	—	—	30161N101
VZ	VERIZON COMMUNICATIONS COM	4,665	$234K	0.0%	$43.82	—	—	92343V104

Decreased Positions (32)

TLN TALEN ENERGY CORP 8.6%

Value $567M (+17.7%) Shares 1,476,664 (-2.3%) Est. Cost $138.38 Unrealized —

GLW CORNING INC COM 2.8%

Value $183M (+76.0%) Shares 714,933 (-6.3%) Est. Cost $72.02 Unrealized —

GEV GE VERNOVA INC 3.0%

Value $200M (+30.6%) Shares 169,847 (-3.0%) Est. Cost $660.95 Unrealized —

PWR QUANTA SVCS INC COM 2.7%

Value $177M (+29.1%) Shares 246,303 (-1.6%) Est. Cost $249.21 Unrealized —

MPC MARATHON PETROLEUM CORP 0.2%

Value $14.45M (-73.2%) Shares 56,500 (-74.4%) Est. Cost $168.79 Unrealized —

SRE SEMPRA 2.7%

Value $176M (-12.4%) Shares 1,898,237 (-8.2%) Est. Cost $76.57 Unrealized —

AEE AMEREN CORP COM 1.5%

Value $95.67M (-18.9%) Shares 846,298 (-21.1%) Est. Cost $97.52 Unrealized —

EQT EQT CORP COM 0.8%

Value $49.97M (-27.9%) Shares 939,843 (-13.8%) Est. Cost $52.99 Unrealized —

CMS CMS ENERGY CORP COM 2.2%

Value $146M (-11.0%) Shares 1,909,154 (-9.7%) Est. Cost $66.39 Unrealized —

PEG PUBLIC SVC ENTERPRISE GROUP IN 0.0%

Value $3.215M (-81.5%) Shares 39,619 (-81.6%) Est. Cost $69.86 Unrealized —

NRG NRG ENERGY INC COM 1.4%

Value $93.53M (-12.8%) Shares 640,357 (-12.8%) Est. Cost $152.53 Unrealized —

VST VISTRA CORP. 5.0%

Value $329M (+4.3%) Shares 2,070,918 (-1.1%) Est. Cost $108.85 Unrealized —

XEL XCEL ENERGY INC COM 4.1%

Value $270M (-4.3%) Shares 3,358,472 (-5.4%) Est. Cost $67.21 Unrealized —

UNP UNION PAC CORP COM 0.1%

Value $4.64M (-71.5%) Shares 17,060 (-74.6%) Est. Cost $121.49 Unrealized —

PNW PINNACLE WEST CAP CORP COM 1.5%

Value $97.78M (-10.0%) Shares 913,786 (-15.2%) Est. Cost $77.56 Unrealized —

IDA IDACORP INC COM 4.1%

Value $268M (+4.0%) Shares 1,770,065 (-1.7%) Est. Cost $108.82 Unrealized —

CNP CENTERPOINT ENERGY INC 4.4%

Value $292M (-3.4%) Shares 6,627,665 (-5.4%) Est. Cost $32.50 Unrealized —

MWH SOLV ENERGY INC 0.0%

Value $2.554M (-78.7%) Shares 75,000 (-81.3%) Est. Cost $30.03 Unrealized —

USAR USA RARE EARTH INC 0.7%

Value $43.16M (+22.9%) Shares 2,000,000 (-13.8%) Est. Cost $20.16 Unrealized —

WBI WATERBRIDGE INFRASTRUCTURE LLC 0.1%

Value $5.826M (-51.7%) Shares 170,000 (-62.2%) Est. Cost $23.45 Unrealized —

LITE LUMENTUM HOLDINGS INC 0.5%

Value $34.24M (+16.5%) Shares 39,906 (-4.6%) Est. Cost $364.03 Unrealized —

OGE OGE ENERGY CORP COM 1.1%

Value $73.65M (-4.2%) Shares 1,513,586 (-5.6%) Est. Cost $41.44 Unrealized —

LNT ALLIANT ENERGY CORP COM 3.2%

Value $212M (-1.1%) Shares 2,784,686 (-7.0%) Est. Cost $60.37 Unrealized —

ANET ARISTA NETWORKS INC 0.8%

Value $53.09M (+4.1%) Shares 312,537 (-24.7%) Est. Cost $135.20 Unrealized —

UTL UNITIL CORP 0.2%

Value $10.9M (-15.9%) Shares 206,918 (-16.7%) Est. Cost $48.81 Unrealized —

VRT VERTIV HOLDINGS CO 0.3%

Value $17.22M (-5.7%) Shares 51,434 (-29.4%) Est. Cost $87.72 Unrealized —

PCG PG&E CORP COM 0.0%

Value $931K (-46.5%) Shares 55,378 (-44.1%) Est. Cost $15.16 Unrealized —

ATO ATMOS ENERGY CORP COM 0.0%

Value $2.721M (-11.6%) Shares 15,795 (-5.2%) Est. Cost $107.59 Unrealized —

SO SOUTHERN CO COM 0.0%

Value $2.227M (-6.8%) Shares 23,267 (-6.1%) Est. Cost $63.49 Unrealized —

CVX CHEVRON CORPORATION COM 0.0%

Value $566K (-21.0%) Shares 3,416 (-1.4%) Est. Cost $144.74 Unrealized —

AWK AMERICAN WATER WORKS 0.0%

Value $769K (-8.0%) Shares 5,845 (-4.9%) Est. Cost $102.80 Unrealized —

OKE ONEOK INC NEW COM 0.0%

Value $1.005M (-5.8%) Shares 11,563 (-2.1%) Est. Cost $88.38 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TLN	TALEN ENERGY CORP	1,476,664 (-2.3%)	$567M (+17.7%)	8.6%	$138.38	—	COM	87422Q109
GLW	CORNING INC COM	714,933 (-6.3%)	$183M (+76.0%)	2.8%	$72.02	—	COM	219350105
GEV	GE VERNOVA INC	169,847 (-3.0%)	$200M (+30.6%)	3.0%	$660.95	—	COM	36828A101
PWR	QUANTA SVCS INC COM	246,303 (-1.6%)	$177M (+29.1%)	2.7%	$249.21	—	COM	74762E102
MPC	MARATHON PETROLEUM CORP	56,500 (-74.4%)	$14.45M (-73.2%)	0.2%	$168.79	—	COM	56585A102
SRE	SEMPRA	1,898,237 (-8.2%)	$176M (-12.4%)	2.7%	$76.57	—	COM	816851109
AEE	AMEREN CORP COM	846,298 (-21.1%)	$95.67M (-18.9%)	1.5%	$97.52	—	COM	023608102
EQT	EQT CORP COM	939,843 (-13.8%)	$49.97M (-27.9%)	0.8%	$52.99	—	COM	26884L109
CMS	CMS ENERGY CORP COM	1,909,154 (-9.7%)	$146M (-11.0%)	2.2%	$66.39	—	COM	125896100
PEG	PUBLIC SVC ENTERPRISE GROUP IN	39,619 (-81.6%)	$3.215M (-81.5%)	0.0%	$69.86	—	COM	744573106
NRG	NRG ENERGY INC COM	640,357 (-12.8%)	$93.53M (-12.8%)	1.4%	$152.53	—	COM	629377508
VST	VISTRA CORP.	2,070,918 (-1.1%)	$329M (+4.3%)	5.0%	$108.85	—	COM	92840M102
XEL	XCEL ENERGY INC COM	3,358,472 (-5.4%)	$270M (-4.3%)	4.1%	$67.21	—	COM	98389B100
UNP	UNION PAC CORP COM	17,060 (-74.6%)	$4.64M (-71.5%)	0.1%	$121.49	—	COM	907818108
PNW	PINNACLE WEST CAP CORP COM	913,786 (-15.2%)	$97.78M (-10.0%)	1.5%	$77.56	—	COM	723484101
IDA	IDACORP INC COM	1,770,065 (-1.7%)	$268M (+4.0%)	4.1%	$108.82	—	COM	451107106
CNP	CENTERPOINT ENERGY INC	6,627,665 (-5.4%)	$292M (-3.4%)	4.4%	$32.50	—	COM	15189T107
MWH	SOLV ENERGY INC	75,000 (-81.3%)	$2.554M (-78.7%)	0.0%	$30.03	—	COM	78475V103
USAR	USA RARE EARTH INC	2,000,000 (-13.8%)	$43.16M (+22.9%)	0.7%	$20.16	—	COM	91733P107
WBI	WATERBRIDGE INFRASTRUCTURE LLC	170,000 (-62.2%)	$5.826M (-51.7%)	0.1%	$23.45	—	COM	940923105
LITE	LUMENTUM HOLDINGS INC	39,906 (-4.6%)	$34.24M (+16.5%)	0.5%	$364.03	—	COM	55024U109
OGE	OGE ENERGY CORP COM	1,513,586 (-5.6%)	$73.65M (-4.2%)	1.1%	$41.44	—	COM	670837103
LNT	ALLIANT ENERGY CORP COM	2,784,686 (-7.0%)	$212M (-1.1%)	3.2%	$60.37	—	COM	018802108
ANET	ARISTA NETWORKS INC	312,537 (-24.7%)	$53.09M (+4.1%)	0.8%	$135.20	—	COM	040413205
UTL	UNITIL CORP	206,918 (-16.7%)	$10.9M (-15.9%)	0.2%	$48.81	—	COM	913259107
VRT	VERTIV HOLDINGS CO	51,434 (-29.4%)	$17.22M (-5.7%)	0.3%	$87.72	—	COM	92537N108
PCG	PG&E CORP COM	55,378 (-44.1%)	$931K (-46.5%)	0.0%	$15.16	—	COM	69331C108
ATO	ATMOS ENERGY CORP COM	15,795 (-5.2%)	$2.721M (-11.6%)	0.0%	$107.59	—	COM	049560105
SO	SOUTHERN CO COM	23,267 (-6.1%)	$2.227M (-6.8%)	0.0%	$63.49	—	COM	842587107
CVX	CHEVRON CORPORATION COM	3,416 (-1.4%)	$566K (-21.0%)	0.0%	$144.74	—	COM	166764100
AWK	AMERICAN WATER WORKS	5,845 (-4.9%)	$769K (-8.0%)	0.0%	$102.80	—	COM	030420103
OKE	ONEOK INC NEW COM	11,563 (-2.1%)	$1.005M (-5.8%)	0.0%	$88.38	—	COM	682680103

Unchanged Positions (27)

MP MP MATLS CORP 2.2%

Value $146M Shares 2,606,844 Est. Cost $48.98 Unrealized —

EQIX EQUINIX INC COM NEW 2.7%

Value $181M Shares 173,604 Est. Cost $633.63 Unrealized —

CCJ CAMECO CORP COM 1.7%

Value $115M Shares 1,125,240 Est. Cost $48.52 Unrealized —

NFG NATIONAL FUEL GAS CO 0.4%

Value $24.28M Shares 314,465 Est. Cost $83.57 Unrealized —

IRM IRON MTN INC NEW 0.4%

Value $26.85M Shares 212,533 Est. Cost $85.65 Unrealized —

EPD ENTERPRISE PRODUCTS PARTNERS L 1.9%

Value $128M Shares 3,493,940 Est. Cost $29.03 Unrealized —

NI NISOURCE INC COM 2.9%

Value $194M Shares 4,088,685 Est. Cost $29.37 Unrealized —

SBAC SBA COMMUNICATIONS COR CL A 0.9%

Value $56.9M Shares 322,464 Est. Cost $226.61 Unrealized —

MPLX MPLX LP COM UNIT REP LTD 0.6%

Value $37.77M Shares 670,500 Est. Cost $51.63 Unrealized —

XOM EXXON MOBIL CORP 0.0%

Value $1.75M Shares 12,800 Est. Cost $110.72 Unrealized —

LAMR LAMAR ADVERTISING CO 0.0%

Value $2.184M Shares 14,000 Est. Cost $113.78 Unrealized —

DTEGY DEUTSCHE TELEKOM AG 0.0%

Value $1.045M Shares 38,342 Est. Cost $25.49 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC CLASS B 0.1%

Value $8.802M Shares 17,591 Est. Cost $118.44 Unrealized —

KRSP/U RICE ACQUISITION CORPORATION 3 0.4%

Value $25.7M Shares 2,400,000 Est. Cost $10.50 Unrealized —

HTO H2O AMERICA 0.1%

Value $6.077M Shares 100,000 Est. Cost $52.73 Unrealized —

AAPL APPLE INC COM 0.0%

Value $1.389M Shares 4,800 Est. Cost $89.58 Unrealized —

LAC LITHIUM AMERICAS CORP 0.1%

Value $4.774M Shares 1,240,000 Est. Cost $5.27 Unrealized —

PM PHILLIP MORRIS INTERNATIONAL 0.0%

Value $905K Shares 5,000 Est. Cost $49.85 Unrealized —

CPK CHESAPEAKE UTILS CORP 0.0%

Value $2.45M Shares 20,000 Est. Cost $113.22 Unrealized —

PPG PPG INDS INC COM 0.0%

Value $606K Shares 5,000 Est. Cost $77.00 Unrealized —

MO ALTRIA GROUP INC. 0.0%

Value $576K Shares 8,000 Est. Cost $16.43 Unrealized —

EVRG EVERGY INC COM 0.0%

Value $871K Shares 10,078 Est. Cost $70.36 Unrealized —

DUK DUKE ENERGY CORP NEW COM NEW 0.0%

Value $1.046M Shares 8,264 Est. Cost $117.67 Unrealized —

JNJ JOHNSON & JOHNSON COM 0.0%

Value $833K Shares 3,278 Est. Cost $78.16 Unrealized —

BKR BAKER HUGHES CO CL A 0.0%

Value $278K Shares 5,000 Est. Cost $47.34 Unrealized —

PLD PROLOGIS INC COM 0.0%

Value $997K Shares 7,356 Est. Cost $84.76 Unrealized —

NJR NEW JERSEY RES COM 0.0%

Value $818K Shares 14,603 Est. Cost $45.59 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MP	MP MATLS CORP	2,606,844	$146M	2.2%	$48.98	—	COM	553368101
EQIX	EQUINIX INC COM NEW	173,604	$181M	2.7%	$633.63	—	COM	29444U700
CCJ	CAMECO CORP COM	1,125,240	$115M	1.7%	$48.52	—	COM	13321L108
NFG	NATIONAL FUEL GAS CO	314,465	$24.28M	0.4%	$83.57	—	COM	636180101
IRM	IRON MTN INC NEW	212,533	$26.85M	0.4%	$85.65	—	COM	46284V101
EPD	ENTERPRISE PRODUCTS PARTNERS L	3,493,940	$128M	1.9%	$29.03	—	LP	293792107
NI	NISOURCE INC COM	4,088,685	$194M	2.9%	$29.37	—	COM	65473P105
SBAC	SBA COMMUNICATIONS COR CL A	322,464	$56.9M	0.9%	$226.61	—	COM	78410G104
MPLX	MPLX LP COM UNIT REP LTD	670,500	$37.77M	0.6%	$51.63	—	LP	55336V100
XOM	EXXON MOBIL CORP	12,800	$1.75M	0.0%	$110.72	—	COM	30231G102
LAMR	LAMAR ADVERTISING CO	14,000	$2.184M	0.0%	$113.78	—	COM	512816109
DTEGY	DEUTSCHE TELEKOM AG	38,342	$1.045M	0.0%	$25.49	—	COM	251566105
BRK/B	BERKSHIRE HATHAWAY INC CLASS B	17,591	$8.802M	0.1%	$118.44	—	COM	084670702
KRSP/U	RICE ACQUISITION CORPORATION 3	2,400,000	$25.7M	0.4%	$10.50	—	COM	G7553X122
HTO	H2O AMERICA	100,000	$6.077M	0.1%	$52.73	—	COM	784305104
AAPL	APPLE INC COM	4,800	$1.389M	0.0%	$89.58	—	COM	037833100
LAC	LITHIUM AMERICAS CORP	1,240,000	$4.774M	0.1%	$5.27	—	COM	53681J103
PM	PHILLIP MORRIS INTERNATIONAL	5,000	$905K	0.0%	$49.85	—	COM	718172109
CPK	CHESAPEAKE UTILS CORP	20,000	$2.45M	0.0%	$113.22	—	COM	165303108
PPG	PPG INDS INC COM	5,000	$606K	0.0%	$77.00	—	COM	693506107
MO	ALTRIA GROUP INC.	8,000	$576K	0.0%	$16.43	—	COM	02209S103
EVRG	EVERGY INC COM	10,078	$871K	0.0%	$70.36	—	COM	30034W106
DUK	DUKE ENERGY CORP NEW COM NEW	8,264	$1.046M	0.0%	$117.67	—	COM	26441C204
JNJ	JOHNSON & JOHNSON COM	3,278	$833K	0.0%	$78.16	—	COM	478160104
BKR	BAKER HUGHES CO CL A	5,000	$278K	0.0%	$47.34	—	COM	05722G100
PLD	PROLOGIS INC COM	7,356	$997K	0.0%	$84.76	—	COM	74340W103
NJR	NEW JERSEY RES COM	14,603	$818K	0.0%	$45.59	—	COM	646025106