Capital Innovations LLC

← Tracker

Institutional

CIK 0001596076

$399,164

Reported AUM

Positions

Q1 2026

Period

2026-05-14

Filed

The Brief · Capital Innovations LLC · Q1 2026

AI · grounded in 13F

Capital Innovations LLC closed its position in CEG for a reduction of $22.6M. The fund also exited positions in SLB and VST, reducing holdings by $20.4M and $20.1M respectively. To offset these exits, the fund established new positions in Williams Ord Shs for $29,863 and SLB Ord Shs for $27,316.

Portfolio · Q1 2026

Top holdings

QoQ vs Q4 2025

#	Stock	Issuer	Price	Day %	1Y Gr.	5Y Gr.	Value	% of book	Δ shares (QoQ)	Status
1	—	Williams Ord Shs	—	—	—	—	$30K	7.48%	+410,323	NEW
2	—	SLB Ord Shs	—	—	—	—	$27K	6.84%	+531,546	NEW
3	—	NextEra Energy Ord Shs	—	—	—	—	$22K	5.59%	+240,391	NEW
4	—	Vistra Ord Shs	—	—	—	—	$19K	4.70%	+124,901	NEW
5	—	Constellation Energy Ord Shs	—	—	—	—	$18K	4.48%	+63,976	NEW
6	—	EQT Ord Shs	—	—	—	—	$17K	4.14%	+259,594	NEW
7	—	Cheniere Energy Ord Shs	—	—	—	—	$16K	3.95%	+55,533	NEW
8	—	Digital Realty Trust REIT Ord Shs	—	—	—	—	$15K	3.84%	+84,979	NEW
9	—	Canadian Pacific Kansas City Ord Shs	—	—	—	—	$15K	3.65%	+185,368	NEW
10	—	NRG Energy Ord Shs	—	—	—	—	$13K	3.32%	+90,744	NEW
11	—	Halliburton Ord Shs	—	—	—	—	$12K	3.11%	+318,002	NEW
12	—	Union Pacific Ord Shs	—	—	—	—	$11K	2.87%	+47,283	NEW
13	—	Sempra Ord Shs	—	—	—	—	$11K	2.84%	+116,533	NEW
14	—	Southern Ord Shs	—	—	—	—	$11K	2.80%	+115,871	NEW
15	—	TC Energy Ord Shs	—	—	—	—	$11K	2.78%	+177,391	NEW
16	—	SBA Communications REIT Ord Shs Class A	—	—	—	—	$11K	2.75%	+63,760	NEW
17	—	American Tower REIT	—	—	—	—	$10K	2.55%	+58,925	NEW
18	—	Enbridge Ord Shs	—	—	—	—	$10K	2.51%	+184,766	NEW
19	—	DT Midstream Ord Shs	—	—	—	—	$7K	1.83%	+54,239	NEW
20	—	Waste Management Ord Shs	—	—	—	—	$7K	1.81%	+31,389	NEW
21	—	National Grid ADR repsg 5 Ord Shs	—	—	—	—	$7K	1.79%	+84,370	NEW
22	—	HA Sustainable Infrastructure Capital Ord Shs	—	—	—	—	$7K	1.73%	+187,959	NEW
23	—	RWE ADR Representing 1 Ord Shs	—	—	—	—	$7K	1.65%	+97,719	NEW
24	—	Entergy Ord Shs	—	—	—	—	$6K	1.58%	+56,073	NEW
25	—	Edison International Ord Shs	—	—	—	—	$6K	1.57%	+85,471	NEW
26	—	Badger Meter Ord Shs	—	—	—	—	$6K	1.50%	+39,375	NEW
27	—	American Water Works Ord Shs	—	—	—	—	$5K	1.23%	+36,013	NEW
28	—	GFL Environmental Subordinate voting Ord Shs	—	—	—	—	$4K	1.12%	+106,981	NEW
29	—	Enel Ord Shs	—	—	—	—	$4K	1.08%	+400,000	NEW
30	—	Xylem Ord Shs	—	—	—	—	$4K	1.03%	+34,513	NEW
31	—	Xcel Energy Ord Shs	—	—	—	—	$4K	0.99%	+49,822	NEW
32	—	Waste Connections Ord Shs	—	—	—	—	$4K	0.97%	+23,801	NEW
33	—	Dominion Energy Ord Shs	—	—	—	—	$4K	0.95%	+61,605	NEW
34	—	Exelon Ord Shs	—	—	—	—	$4K	0.95%	+77,480	NEW
35	—	American Electric Power Ord Shs	—	—	—	—	$3K	0.87%	+26,592	NEW
36	—	Grupo Aeroportuario ADR Representing 10 Ord Shs Series B	—	—	—	—	$3K	0.82%	+9,701	NEW
37	—	Duke Energy Ord Shs	—	—	—	—	$3K	0.75%	+22,975	NEW
38	—	Iberdrola ADR	—	—	—	—	$3K	0.69%	+29,888	NEW
39	—	Oneok Ord Shs	—	—	—	—	$3K	0.65%	+28,513	NEW
40	—	Ultrapar Participacoes ADR Representing 1 Ord Shs	—	—	—	—	$2K	0.56%	+405,382	NEW
41	—	Public Service Enterprise Group Ord Shs	—	—	—	—	$2K	0.56%	+27,549	NEW
42	—	FirstEnergy Ord Shs	—	—	—	—	$2K	0.53%	+41,927	NEW
43	—	CMS Energy Ord Shs	—	—	—	—	$2K	0.46%	+23,622	NEW
44	—	Essential Utilities Ord Shs	—	—	—	—	$1K	0.37%	+36,596	NEW
45	—	TransAlta Ord Shs	—	—	—	—	$1K	0.33%	+99,595	NEW
46	—	Solaredge Technologies Ord Shs	—	—	—	—	$1K	0.31%	+23,883	NEW
47	—	DTE Energy Ord Shs	—	—	—	—	$1K	0.29%	+7,858	NEW
48	—	Grupo Aeroportuario del Centro Norte ADS representing 8 Ord Shs Series B	—	—	—	—	$1K	0.27%	+9,365	NEW
49	—	Atmos Energy Ord Shs	—	—	—	—	$734	0.18%	+3,975	NEW
50	—	NiSource Ord Shs	—	—	—	—	$552	0.14%	+11,825	NEW
51	—	Enel Societa Per Azioni Unsponsored Italy ADR	—	—	—	—	$542	0.14%	+49,779	NEW
52	—	Enphase Energy Ord Shs	—	—	—	—	$420	0.11%	+11,110	NEW
53	—	T Mobile US Ord Shs	—	—	—	—	$41	0.01%	+194	NEW
54	CEG	Constellation Energy	$254.83	-3.69%	—	—	—	—	−63,976	EXITED
55	SLB	SLB	$54.87	-5.41%	—	—	—	—	−531,546	EXITED
56	VST	Vistra	$148.76	-3.21%	—	—	—	—	−124,901	EXITED
57	NEE	NextEra Energy	$85.84	0.19%	—	—	—	—	−240,391	EXITED
58	WMB	Williams	$71.96	-0.65%	—	—	—	—	−317,298	EXITED
59	NRG	NRG Energy	$129.20	-3.14%	—	—	—	—	−90,744	EXITED
60	EQT	EQT	$53.75	-2.70%	—	—	—	—	−259,594	EXITED
61	DLR	Digital Realty Trust	$186.79	-1.01%	—	—	—	—	−84,979	EXITED
62	SBAC	SBA Communications Class A	$208.02	0.08%	—	—	—	—	−63,760	EXITED
63	UNP	Union Pacific	$272.32	3.19%	—	—	—	—	−47,283	EXITED
64	LNG	Cheniere Energy	$238.82	-0.93%	—	—	—	—	−55,533	EXITED
65	CP	Canadian Pacific Kansas City	$89.93	0.48%	—	—	—	—	−142,128	EXITED
66	AMT	American Tower	$194.12	0.11%	—	—	—	—	−58,925	EXITED
67	SRE	Sempra	$91.42	1.20%	—	—	—	—	−116,533	EXITED
68	SO	Southern	$92.60	1.07%	—	—	—	—	−115,871	EXITED
69	TRP	TC Energy	$68.68	-0.39%	—	—	—	—	−177,391	EXITED
70	HAL	Halliburton	$39.18	-4.95%	—	—	—	—	−318,002	EXITED
71	ENB	Enbridge	$56.31	-0.76%	—	—	—	—	−184,766	EXITED
72	WM	Waste Management	$220.40	0.63%	—	—	—	—	−31,389	EXITED
73	BMI	Badger Meter	$126.53	-1.13%	—	—	—	—	−39,375	EXITED
74	NGG	National Grid	$81.86	0.59%	—	—	—	—	−84,370	EXITED
75	DTM	DT Midstream	$142.50	-0.13%	—	—	—	—	−54,239	EXITED
76	HASI	HA Sustainable Infrastructure Capital	$38.67	-3.90%	—	—	—	—	−187,959	EXITED
77	RWEOY	RWE	$64.38	-1.01%	—	—	—	—	−97,719	EXITED
78	ETR	Entergy	$110.74	1.34%	—	—	—	—	−56,073	EXITED
79	EIX	Edison International	$73.33	2.12%	—	—	—	—	−85,471	EXITED
80	XYL	Xylem	$109.94	-0.22%	—	—	—	—	−34,513	EXITED
81	AWK	American Water Works	$124.47	1.82%	—	—	—	—	−36,013	EXITED
82	GFL	GFL Environmental	$35.51	-0.81%	—	—	—	—	−106,981	EXITED
83	WCN	Waste Connections	$155.22	0.82%	—	—	—	—	−23,801	EXITED
84	XEL	Xcel Energy	$79.04	1.63%	—	—	—	—	−49,822	EXITED
85	D	Dominion Energy	$66.90	0.60%	—	—	—	—	−61,605	EXITED
86	EXC	Exelon	$45.75	2.51%	—	—	—	—	−77,480	EXITED
87	ASR	Grupo Aeroportuario	$282.14	-3.64%	—	—	—	—	−9,701	EXITED
88	AEP	American Electric Power	$129.14	1.06%	—	—	—	—	−26,592	EXITED
89	DUK	Duke Energy	$124.22	1.97%	—	—	—	—	−22,975	EXITED
90	IBDRY	Iberdrola	$91.37	0.68%	—	—	—	—	−29,888	EXITED
91	PEG	Public Service Enterprise Group	$79.48	1.79%	—	—	—	—	−27,549	EXITED
92	OKE	Oneok	$88.25	-0.79%	—	—	—	—	−28,513	EXITED
93	FE	FirstEnergy	$46.42	1.71%	—	—	—	—	−41,927	EXITED
94	CMS	CMS Energy	$72.04	2.39%	—	—	—	—	−23,622	EXITED
95	UGP	Ultrapar Participacoes	$4.83	-1.63%	—	—	—	—	−405,382	EXITED
96	WTRG	Essential Utilities	$37.36	1.66%	—	—	—	—	−36,596	EXITED
97	TAC	TransAlta	$12.68	-2.16%	—	—	—	—	−99,595	EXITED
98	OMAB	Grupo Aeroportuario del Centro Norte	$97.01	-2.76%	—	—	—	—	−9,365	EXITED
99	DTE	DTE Energy	$145.77	2.13%	—	—	—	—	−7,858	EXITED
100	SEDG	Solaredge Technologies	$63.17	-13.63%	—	—	—	—	−23,883	EXITED
101	ATO	Atmos Energy	$170.24	1.36%	—	—	—	—	−3,975	EXITED
102	ENLAY	Enel Societa Per Azioni	$11.06	-0.72%	—	—	—	—	−49,779	EXITED
103	NI	NiSource	$46.61	1.66%	—	—	—	—	−11,825	EXITED
104	ENPH	Enphase Energy	$56.07	-18.01%	—	—	—	—	−11,110	EXITED

Source: SEC EDGAR · accession 0001596076-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.