Q2 2026 13F · SEC CIK 1843590

Fractal Investments LLC

Institutional asset managerFiled 2026-07-23 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $866.9M
Reported positions: 80
Top holdings a year, 3 yrs: +19.3%
Assets under management: $734.7M

Fractal Investments LLC is an institutional asset manager that reported 80 positions worth $866.9M in its Q2 2026 13F, filed 2026-07-23. Its largest holdings were Energy Transfer L P (ETPC, 12.1%), Mplx LP (MPLX, 10.8%), Plains All American Pipeline LP (PAA, 9.3%). A portfolio copying its top holdings returned 19.3% a year over the last 3 years, against 20.4% for the S&P 500.

Fractal Investments LLC holdings largest 50 of 80 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Fractal Investments LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
ETPCEnergy Transfer L P	12.1%	11.0%	5,471,353	+13.5%	$104.6M
MPLXMplx LP	10.8%	13.9%	1,668,116	-18.7%	$94.0M
PAAPlains All American Pipeline LP	9.3%	9.6%	3,625,784	+0.0%	$80.7M
EPDEnterprise Prods Partners L	7.8%	8.2%	1,837,044	+0.0%	$67.5M
WESWestern Midstream Partners LP	7.7%	7.7%	1,524,646	-3.4%	$66.7M
WMBWilliams Companies	7.2%	7.0%	840,072	+3.2%	$62.5M
TRGPTarga Res Corp	6.0%	4.7%	193,089	+21.9%	$51.8M
SUNSunoco Lp/sunoco Fin Corp	5.3%	4.7%	682,002	+10.6%	$46.0M
TRPTc Energy Corp	5.1%	4.8%	670,000	+3.2%	$44.4M
HESMHess Midstream LP	5.0%	5.5%	1,160,420	-2.1%	$43.6M
DTMDt Midstream Inc Common Stock	3.9%	3.7%	230,999	+0.0%	$33.9M
KMIKinder Morgan Inc Del Com	3.9%	4.2%	1,046,638	+0.0%	$33.5M
LNGCheniere Energy Inc	2.1%	2.3%	77,685	+15.3%	$18.6M
OKEOneok Inc	1.6%	1.7%	156,630	+0.0%	$13.6M
NGLNgl Energy Partners LP	1.5%	1.2%	832,479	+0.0%	$13.3M
CQPCheniere Energy Partners L P	1.4%	1.5%	194,126	+0.0%	$11.8M
GLPGlobal Partners LP	1.0%	1.0%	195,234	+0.0%	$9.1M
SNDKSandisk Corp	0.9%	0.3%	3,400	-22.7%	$7.7M
AMAntero Midstream Corp	0.6%	0.5%	233,383	+22.6%	$5.3M
GELGenesis Energy L P	0.6%	0.7%	343,243	+0.0%	$4.9M
GEVGe Vernova Inc	0.5%	0.4%	3,949	+0.0%	$4.6M
SPHSuburban Propane Partners L	0.4%	0.5%	214,864	+0.0%	$3.7M
ENBEnbridge Inc Com	0.4%	0.4%	67,500	+0.0%	$3.7M
QQnity Electronics Inc	0.4%	0.2%	20,000	+17.6%	$3.3M
SOLSSolstice Advanced Matls Inc	0.3%	0.2%	28,100	+12.0%	$2.5M
WLKPWestlake Chem Partners LP	0.2%	0.2%	80,400	+0.0%	$1.8M
CATCaterpillar Inc Com	0.2%	—	1,342	—	$1.4M
NEMNewmont Corp	0.2%	0.2%	15,218	+0.0%	$1.4M
CRCrane Company	0.2%	0.1%	6,300	+28.6%	$1.4M
KNTKKinetik Holdings Inc	0.2%	0.2%	27,502	+0.0%	$1.3M
XOMExxon Mobil Corp	0.2%	0.2%	9,710	+0.0%	$1.3M
SMCSummit Midstream Corporation	0.1%	0.2%	45,000	+0.0%	$1.3M
PHINPhinia	0.1%	0.1%	14,900	+0.0%	$1.2M
CFCF Industries Holdings Inc	0.1%	0.2%	10,300	+0.0%	$1.1M
ECGEverus Constr Group	0.1%	0.1%	6,400	+30.6%	$1.1M
FCXFreeport Mcmoran Inc Cl B	0.1%	0.1%	15,068	+0.0%	$948K
SHELShell PLC	0.1%	0.1%	11,588	+0.0%	$899K
SUSuncor Energy Inc New	0.1%	0.1%	16,400	+0.0%	$880K
KEYSKeysight Technologies Inc Com	0.1%	—	2,500	—	$875K
VLTOVeralto Corp	0.1%	0.1%	8,800	+0.0%	$780K
RIORio Tinto PLC	0.1%	0.1%	8,200	+0.0%	$778K
SCCOSouthern Copper Corp	0.1%	0.1%	4,419	+1.0%	$770K
BHPBhp Billiton Limited	0.1%	0.1%	9,000	+0.0%	$750K
AEMAgnico Eagle Mines Ltd	0.1%	0.1%	4,809	+0.0%	$746K
RALRalliant Corp	0.1%	—	10,000	—	$736K
PHParker-Hannifin Corp	0.1%	0.1%	730	+0.0%	$714K
CVXChevron Corp New	0.1%	0.1%	4,200	+0.0%	$696K
STLDSteel Dynamics, Inc.	0.1%	—	2,694	—	$618K
MLIMueller Inds Inc	0.1%	—	4,926	—	$606K
BBarrick Mng Corp	0.1%	0.1%	16,400	+0.0%	$602K

What Fractal Investments LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +27.8% /yr; S&P 500 +20.1%
3 years: +19.3% /yr; S&P 500 +20.4%
5 years: +15.9% /yr; S&P 500 +13.0%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$866.9M	80
Q1 2026	$845.0M	81
Q4 2025	$716.2M	80
Q3 2025	$692.7M	77
Q2 2025	$701.0M	76
Q1 2025	$719.6M	73
Q4 2024	$653.5M	76
Q3 2024	$591.6M	83
Q2 2024	$574.6M	82
Q1 2024	$550.7M	81
Q4 2023	$486.2M	74
Q3 2023	$486.6M	95

Questions about Fractal Investments LLC's portfolio

What stocks does Fractal Investments LLC own?

Fractal Investments LLC's latest 13F, for Q2 2026 and filed Jul 23, 2026, lists 80 positions worth $866.9M. The largest are Energy Transfer L P (ETPC) at 12.1%, Mplx LP (MPLX) at 10.8%, Plains All American Pipeline LP (PAA) at 9.3%, Enterprise Prods Partners L (EPD) at 7.8% and Western Midstream Partners LP (WES) at 7.7%.

What did Fractal Investments LLC buy last quarter?

In Q2 2026, Fractal Investments LLC added Everus Constr Group (ECG) (+30.6% shares), Crane Company (CR) (+28.6% shares) and Antero Midstream Corp (AM) (+22.6% shares), compared with its Q1 2026 filing.

What did Fractal Investments LLC sell last quarter?

In Q2 2026, Fractal Investments LLC cut from its top 50 Ge Healthcare Technologies I (GEHC), cut from its top 50 Conocophillips (COP), cut from its top 50 Nutrien Ltd (NTR), cut from its top 50 Marathon Petroleum Corporation (MPC), cut from its top 50 Esab Corporation (ESAB), Sandisk Corp (SNDK) (-22.7% shares) and Mplx LP (MPLX) (-18.7% shares), compared with its Q1 2026 filing.

How has Fractal Investments LLC's portfolio performed?

A portfolio copying Fractal Investments LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +27.8% against +20.1%. Over 5 years: +15.9% a year against +13.0%.

When is Fractal Investments LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Fractal Investments LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Fractal Investments LLC manage?

Fractal Investments LLC reported $734.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $866.9M.