KAYNE ANDERSON CAPITAL ADVISORS LP Diversified Active

CIK: 0000949615 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $4,403,873 (100.0% shares, 0.0% debt)

Holdings (44)

New Positions (5)

CNP CENTERPOINT ENERGY INC 1.1%

Value ($000) $47,347 Shares 1,234,928 Est. Cost $38.86 Unrealized 0.0%

CTRI CENTURI HOLDINGS INC 0.1%

Value ($000) $5,004 Shares 198,161 Est. Cost $22.36 Unrealized 0.0%

POWL POWELL INDS INC 0.1%

Value ($000) $3,525 Shares 11,059 Est. Cost $336.55 Unrealized 0.0%

AES AES CORP 0.1%

Value ($000) $3,323 Shares 231,750 Est. Cost $14.03 Unrealized 0.0%

NXE NEXGEN ENERGY LTD 0.1%

Value ($000) $2,888 Shares 313,888 Est. Cost $8.83 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNP	CENTERPOINT ENERGY INC	1,234,928	$47,347	1.1%	$38.86	0.0%	COM	15189T107
CTRI	CENTURI HOLDINGS INC	198,161	$5,004	0.1%	$22.36	0.0%	COM SHS	155923105
POWL	POWELL INDS INC	11,059	$3,525	0.1%	$336.55	0.0%	COM	739128106
AES	AES CORP	231,750	$3,323	0.1%	$14.03	0.0%	COM	00130H105
NXE	NEXGEN ENERGY LTD	313,888	$2,888	0.1%	$8.83	0.0%	COM	65340P106

Increased Positions (9)

WES WESTERN MIDSTREAM PARTNERS L 3.5%

Value ($000) $154,093 (+14.7%) Shares 3,901,093 (+14.1%) Est. Cost $34.67 Unrealized —

AM ANTERO MIDSTREAM CORP 1.8%

Value ($000) $80,678 (+15.2%) Shares 4,534,994 (+25.9%) Est. Cost $12.65 Unrealized +40.3%

HESM HESS MIDSTREAM LP 1.3%

Value ($000) $56,774 (+20.6%) Shares 1,645,618 (+20.7%) Est. Cost $29.64 Unrealized +10.0%

OKE ONEOK INC NEW 6.1%

Value ($000) $266,880 (+2.7%) Shares 3,631,025 (+1.9%) Est. Cost $59.81 Unrealized +17.8%

EE EXCELERATE ENERGY INC 0.6%

Value ($000) $25,557 (+29.8%) Shares 911,121 (+16.6%) Est. Cost $26.61 Unrealized +1.5%

KMI KINDER MORGAN INC DEL 7.9%

Value ($000) $346,870 (-1.6%) Shares 12,618,029 (+1.3%) Est. Cost $17.21 Unrealized +56.3%

— NEXTERA ENERGY INC 0.1%

Value ($000) $2,925 (+148.8%) Shares 60,000 (+140.0%) Est. Cost $48.03 Unrealized —

CCJ CAMECO CORP 0.1%

Value ($000) $2,703 (+135.6%) Shares 29,545 (+116.0%) Est. Cost $69.10 Unrealized +30.2%

EXC EXELON CORP 0.2%

Value ($000) $8,330 (+5.6%) Shares 191,092 (+9.0%) Est. Cost $37.55 Unrealized +21.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WES	WESTERN MIDSTREAM PARTNERS L	3,901,093 (+14.1%)	$154,093 (+14.7%)	3.5%	$34.67	—	COM UNIT LP INT	958669103
AM	ANTERO MIDSTREAM CORP	4,534,994 (+25.9%)	$80,678 (+15.2%)	1.8%	$12.65	+40.3%	COM	03676B102
HESM	HESS MIDSTREAM LP	1,645,618 (+20.7%)	$56,774 (+20.6%)	1.3%	$29.64	+10.0%	CL A SHS	428103105
OKE	ONEOK INC NEW	3,631,025 (+1.9%)	$266,880 (+2.7%)	6.1%	$59.81	+17.8%	COM	682680103
EE	EXCELERATE ENERGY INC	911,121 (+16.6%)	$25,557 (+29.8%)	0.6%	$26.61	+1.5%	CL A COM	30069T101
KMI	KINDER MORGAN INC DEL	12,618,029 (+1.3%)	$346,870 (-1.6%)	7.9%	$17.21	+56.3%	COM	49456B101
—	NEXTERA ENERGY INC	60,000 (+140.0%)	$2,925 (+148.8%)	0.1%	$48.03	—	UNIT 11/01/2027	65339F119
CCJ	CAMECO CORP	29,545 (+116.0%)	$2,703 (+135.6%)	0.1%	$69.10	+30.2%	COM	13321L108
EXC	EXELON CORP	191,092 (+9.0%)	$8,330 (+5.6%)	0.2%	$37.55	+21.1%	COM	30161N101

Exited Positions (11)

APD AIR PRODUCTS AND CHEMICALS ORD 0.6%

Value ($000) $27,181 Shares 99,667 Est. Cost $303.41 Unrealized -17.1%

— SELECT SECTOR SPDR TR 0.4%

Value ($000) $17,868 Shares 2,000 Est. Cost — Unrealized —

— NEXTERA ENERGY UNT 0.2%

Value ($000) $9,076 Shares 182,000 Est. Cost $48.01 Unrealized —

VST VISTRA ORD 0.1%

Value ($000) $5,835 Shares 29,783 Est. Cost $148.19 Unrealized +22.8%

FSLR FIRST SOLAR ORD 0.1%

Value ($000) $4,325 Shares 19,612 Est. Cost $177.14 Unrealized +42.4%

XOP SPDR SERIES TRUST 0.1%

Value ($000) $3,371 Shares 255 Est. Cost — Unrealized —

GNRC GENERAC HOLDINGS ORD 0.0%

Value ($000) $2,159 Shares 12,897 Est. Cost $175.19 Unrealized -7.9%

NXT NEXTRACKER CL A ORD 0.0%

Value ($000) $806 Shares 10,887 Est. Cost $64.43 Unrealized +40.7%

EOSE EOS ENERGY ENTERPRISES CL A ORD 0.0%

Value ($000) $473 Shares 41,526 Est. Cost $6.84 Unrealized +110.1%

ARRY ARRAY TECHNOLOGIES ORD 0.0%

Value ($000) $392 Shares 48,072 Est. Cost $7.57 Unrealized +13.3%

SHLS SHOALS TECHNOLOGIES GROUP CL A ORD 0.0%

Value ($000) $378 Shares 51,026 Est. Cost $6.15 Unrealized +46.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APD	AIR PRODUCTS AND CHEMICALS ORD	99,667	$27,181	0.6%	$303.41	-17.1%	—	009158106
—	SELECT SECTOR SPDR TR	2,000	$17,868	0.4%	—	—	PUT	81369Y956
—	NEXTERA ENERGY UNT	182,000	$9,076	0.2%	$48.01	—	—	65339F663
VST	VISTRA ORD	29,783	$5,835	0.1%	$148.19	+22.8%	—	92840M102
FSLR	FIRST SOLAR ORD	19,612	$4,325	0.1%	$177.14	+42.4%	—	336433107
XOP	SPDR SERIES TRUST	255	$3,371	0.1%	—	—	PUT	78468R556
GNRC	GENERAC HOLDINGS ORD	12,897	$2,159	0.0%	$175.19	-7.9%	—	368736104
NXT	NEXTRACKER CL A ORD	10,887	$806	0.0%	$64.43	+40.7%	—	65290E101
EOSE	EOS ENERGY ENTERPRISES CL A ORD	41,526	$473	0.0%	$6.84	+110.1%	—	29415C101
ARRY	ARRAY TECHNOLOGIES ORD	48,072	$392	0.0%	$7.57	+13.3%	—	04271T100
SHLS	SHOALS TECHNOLOGIES GROUP CL A ORD	51,026	$378	0.0%	$6.15	+46.0%	—	82489W107

Decreased Positions (13)

PWR QUANTA SVCS INC 0.1%

Value ($000) $4,368 (-88.7%) Shares 10,350 (-88.9%) Est. Cost $281.53 Unrealized +56.0%

TRGP TARGA RES CORP 3.6%

Value ($000) $159,565 (-7.5%) Shares 864,853 (-16.0%) Est. Cost $26.23 Unrealized +540.9%

— PG&E CORP 0.1%

Value ($000) $4,428 (-65.7%) Shares 108,000 (-67.1%) Est. Cost $45.82 Unrealized —

XEL XCEL ENERGY INC 0.1%

Value ($000) $5,665 (-50.7%) Shares 76,694 (-46.1%) Est. Cost $62.08 Unrealized +26.1%

PPL PPL CORP 0.3%

Value ($000) $13,171 (-21.7%) Shares 376,110 (-16.9%) Est. Cost $33.88 Unrealized +5.8%

SRE SEMPRA 1.9%

Value ($000) $84,606 (-3.0%) Shares 958,278 (-1.1%) Est. Cost $72.38 Unrealized +25.1%

ETR ENTERGY CORP NEW 1.3%

Value ($000) $56,611 (-2.5%) Shares 612,471 (-1.7%) Est. Cost $66.99 Unrealized +41.1%

TLN TALEN ENERGY CORP 0.1%

Value ($000) $5,908 (-12.9%) Shares 15,761 (-1.2%) Est. Cost $198.00 Unrealized +96.3%

NRG NRG ENERGY INC 0.2%

Value ($000) $8,341 (-7.2%) Shares 52,381 (-5.6%) Est. Cost $116.51 Unrealized +41.9%

AQN ALGONQUIN PWR UTILS CORP 0.1%

Value ($000) $4,741 (+13.2%) Shares 770,878 (-1.2%) Est. Cost $5.42 Unrealized +9.5%

GEV GE VERNOVA INC 0.1%

Value ($000) $5,419 (+5.0%) Shares 8,292 (-1.2%) Est. Cost $191.14 Unrealized +218.6%

PAGP PLAINS GP HLDGS L P 0.1%

Value ($000) $3,357 (+2.8%) Shares 175,372 (-2.1%) Est. Cost $21.76 Unrealized —

KGS KODIAK GAS SVCS INC 0.0%

Value ($000) $1,535 (-0.9%) Shares 41,035 (-2.1%) Est. Cost $40.89 Unrealized -13.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PWR	QUANTA SVCS INC	10,350 (-88.9%)	$4,368 (-88.7%)	0.1%	$281.53	+56.0%	COM	74762E102
TRGP	TARGA RES CORP	864,853 (-16.0%)	$159,565 (-7.5%)	3.6%	$26.23	+540.9%	COM	87612G101
—	PG&E CORP	108,000 (-67.1%)	$4,428 (-65.7%)	0.1%	$45.82	—	PFD CONV SER A	69331C306
XEL	XCEL ENERGY INC	76,694 (-46.1%)	$5,665 (-50.7%)	0.1%	$62.08	+26.1%	COM	98389B100
PPL	PPL CORP	376,110 (-16.9%)	$13,171 (-21.7%)	0.3%	$33.88	+5.8%	COM	69351T106
SRE	SEMPRA	958,278 (-1.1%)	$84,606 (-3.0%)	1.9%	$72.38	+25.1%	COM	816851109
ETR	ENTERGY CORP NEW	612,471 (-1.7%)	$56,611 (-2.5%)	1.3%	$66.99	+41.1%	COM	29364G103
TLN	TALEN ENERGY CORP	15,761 (-1.2%)	$5,908 (-12.9%)	0.1%	$198.00	+96.3%	COM	87422Q109
NRG	NRG ENERGY INC	52,381 (-5.6%)	$8,341 (-7.2%)	0.2%	$116.51	+41.9%	COM NEW	629377508
AQN	ALGONQUIN PWR UTILS CORP	770,878 (-1.2%)	$4,741 (+13.2%)	0.1%	$5.42	+9.5%	COM	015857105
GEV	GE VERNOVA INC	8,292 (-1.2%)	$5,419 (+5.0%)	0.1%	$191.14	+218.6%	COM	36828A101
PAGP	PLAINS GP HLDGS L P	175,372 (-2.1%)	$3,357 (+2.8%)	0.1%	$21.76	—	LTD PARTNR INT A	72651A207
KGS	KODIAK GAS SVCS INC	41,035 (-2.1%)	$1,535 (-0.9%)	0.0%	$40.89	-13.5%	COM	50012A108

Unchanged Positions (17)

LNG CHENIERE ENERGY INC 6.9%

Value ($000) $305,659 Shares 1,572,403 Est. Cost $114.07 Unrealized +84.1%

MNR MACH NATURAL RESOURCES LP 4.8%

Value ($000) $211,831 Shares 19,187,581 Est. Cost $13.18 Unrealized —

MPLX MPLX LP 8.8%

Value ($000) $385,726 Shares 7,227,400 Est. Cost $40.49 Unrealized —

WMB WILLIAMS COS INC 10.4%

Value ($000) $459,935 Shares 7,651,554 Est. Cost $21.96 Unrealized +173.5%

ET ENERGY TRANSFER L P 9.0%

Value ($000) $395,017 Shares 23,954,947 Est. Cost $14.94 Unrealized —

ENB ENBRIDGE INC 5.0%

Value ($000) $219,880 Shares 4,597,108 Est. Cost $35.07 Unrealized +34.3%

EPD ENTERPRISE PRODS PARTNERS L 9.7%

Value ($000) $427,980 Shares 13,349,349 Est. Cost $40.19 Unrealized —

DTM DT MIDSTREAM INC 2.3%

Value ($000) $103,347 Shares 863,526 Est. Cost $52.02 Unrealized +119.7%

PAA PLAINS ALL AMERN PIPELINE L 2.1%

Value ($000) $91,947 Shares 5,119,534 Est. Cost $38.89 Unrealized —

PBA PEMBINA PIPELINE CORP 1.5%

Value ($000) $67,205 Shares 1,765,768 Est. Cost $28.10 Unrealized +36.9%

LIN LINDE PLC 0.8%

Value ($000) $35,566 Shares 83,411 Est. Cost $449.35 Unrealized -4.9%

TRP TC ENERGY CORP 6.7%

Value ($000) $294,176 Shares 5,347,680 Est. Cost $41.31 Unrealized +29.2%

NFG NATIONAL FUEL GAS CO 0.2%

Value ($000) $7,566 Shares 94,501 Est. Cost $84.68 Unrealized -2.7%

AROC ARCHROCK INC 0.3%

Value ($000) $14,360 Shares 551,897 Est. Cost $19.14 Unrealized +28.6%

GLP GLOBAL PARTNERS LP 0.0%

Value ($000) $1,336 Shares 31,925 Est. Cost $23.34 Unrealized —

KNRG SIMPLIFY EXCHANGE TRADED FUN 0.2%

Value ($000) $7,718 Shares 298,594 Est. Cost $25.54 Unrealized —

— KAYNE ANDERSON ENERGY INFRST 0.2%

Value ($000) $10,012 Shares 808,748 Est. Cost $8.78 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	1,572,403	$305,659	6.9%	$114.07	+84.1%	COM NEW	16411R208
MNR	MACH NATURAL RESOURCES LP	19,187,581	$211,831	4.8%	$13.18	—	COM UNIT LTD PAR	55445L100
MPLX	MPLX LP	7,227,400	$385,726	8.8%	$40.49	—	COM UNIT REP LTD	55336V100
WMB	WILLIAMS COS INC	7,651,554	$459,935	10.4%	$21.96	+173.5%	COM	969457100
ET	ENERGY TRANSFER L P	23,954,947	$395,017	9.0%	$14.94	—	COM UT LTD PTN	29273V100
ENB	ENBRIDGE INC	4,597,108	$219,880	5.0%	$35.07	+34.3%	COM	29250N105
EPD	ENTERPRISE PRODS PARTNERS L	13,349,349	$427,980	9.7%	$40.19	—	COM	293792107
DTM	DT MIDSTREAM INC	863,526	$103,347	2.3%	$52.02	+119.7%	COMMON STOCK	23345M107
PAA	PLAINS ALL AMERN PIPELINE L	5,119,534	$91,947	2.1%	$38.89	—	UNIT LTD PARTN	726503105
PBA	PEMBINA PIPELINE CORP	1,765,768	$67,205	1.5%	$28.10	+36.9%	COM	706327103
LIN	LINDE PLC	83,411	$35,566	0.8%	$449.35	-4.9%	SHS	G54950103
TRP	TC ENERGY CORP	5,347,680	$294,176	6.7%	$41.31	+29.2%	COM	87807B107
NFG	NATIONAL FUEL GAS CO	94,501	$7,566	0.2%	$84.68	-2.7%	COM	636180101
AROC	ARCHROCK INC	551,897	$14,360	0.3%	$19.14	+28.6%	COM	03957W106
GLP	GLOBAL PARTNERS LP	31,925	$1,336	0.0%	$23.34	—	COM UNITS	37946R109
KNRG	SIMPLIFY EXCHANGE TRADED FUN	298,594	$7,718	0.2%	$25.54	—	KAYNE ANDERSON	82889N277
—	KAYNE ANDERSON ENERGY INFRST	808,748	$10,012	0.2%	$8.78	—	COM	486606106