Q2 2026 13F · SEC CIK 1596076

Capital Innovations LLC

Mutual fund managerFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $385.2M
Reported positions: 51
Holdings vs S&P 500, 3 yrs: —
Assets under management: $806.7M

Capital Innovations LLC is a mutual fund manager that reported 51 positions worth $385.2M in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Williams Cos (WMB, 7.9%), Slb Limited (SLB, 6.4%), Nextera Energy Inc (NEE, 5.5%).

Capital Innovations LLC holdings largest 50 of 51 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.

Capital Innovations LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
WMBWilliams Cos	7.9%	—	410,323	—	$30.5M
SLBSlb Limited	6.4%	—	531,546	—	$24.7M
NEENextera Energy Inc	5.5%	—	240,391	—	$21.1M
VSTVistra Corp	5.1%	—	124,901	—	$19.8M
CPCanadian Pacific Kansas City	4.2%	—	185,368	—	$16.1M
CEGConstellation Energy Corp	4.1%	—	63,976	—	$15.9M
DLRDigital Rlty Tr Inc	4.0%	—	84,979	—	$15.3M
EQTEqt Corp	3.6%	—	259,594	—	$13.8M
LNGCheniere Energy Inc	3.4%	—	55,533	—	$13.3M
NRGNrg Energy Inc	3.4%	—	90,744	—	$13.3M
UNPUnion Pac Corp	3.3%	—	47,283	—	$12.9M
TRPTc Energy Corp	3.1%	—	177,391	—	$11.8M
SBACSba Communications Corp	2.9%	—	63,760	—	$11.3M
SOSouthern Co	2.9%	—	115,871	—	$11.1M
SRESempra	2.8%	—	116,533	—	$10.8M
HALHalliburton Co	2.8%	—	318,002	—	$10.8M
ENBEnbridge Inc	2.6%	—	184,766	—	$10.0M
AMTAmerican Tower Corp	2.5%	—	58,925	—	$9.6M
DTMDt Midstream Inc	2.1%	—	54,239	—	$8.0M
HASIHa Sustainable Infra Cap Inc	1.9%	—	187,959	—	$7.3M
WMWaste Mgmt Inc Del	1.8%	—	31,389	—	$7.0M
NGGNational Grid PLC	1.8%	—	84,370	—	$7.0M
ETREntergy Corp New	1.7%	—	56,073	—	$6.4M
EIXEdison Intl	1.7%	—	85,471	—	$6.4M
RWEOYRwe Aktiengesellschaft	1.6%	—	97,719	—	$6.3M
BMIBadger Meter Inc	1.5%	—	39,375	—	$5.8M
AWKAmerican Wtr Wks Co Inc New Com	1.2%	—	36,013	—	$4.7M
DDominion Energy Inc	1.1%	—	61,605	—	$4.2M
XYLXylem Inc	1.1%	—	34,513	—	$4.1M
XELXcel Energy Inc	1.0%	—	49,822	—	$4.0M
WCNWaste Connections Inc	1.0%	—	23,801	—	$4.0M
GFLGfl Environmental Inc	1.0%	—	106,981	—	$3.9M
AEPAmerican Elec Pwr Co Inc	0.9%	—	26,592	—	$3.6M
EXCExelon Corp	0.9%	—	77,480	—	$3.6M
IBDSFIberdrola SA	0.8%	—	29,888	—	$3.0M
PACGrupo Aeroportuario Del Pacifi	0.8%	—	9,701	—	$3.0M
DUKDuke Energy Corp New	0.8%	—	22,975	—	$2.9M
OKEOneok Inc New	0.6%	—	28,513	—	$2.5M
PEGPublic Svc Enterprise Group	0.6%	—	27,549	—	$2.2M
UGPUltrapar Participacoes SA	0.5%	—	405,382	—	$2.0M
FEFirstenergy Corp	0.5%	—	41,927	—	$2.0M
CMSCMS Energy Corp	0.5%	—	23,622	—	$1.8M
WTRGEssential Utils Inc Com	0.4%	—	36,596	—	$1.4M
TACTransalta Corp	0.4%	—	99,595	—	$1.4M
DTEDte Energy Company	0.3%	—	7,858	—	$1.2M
OMABGrupo Aeroportuario Del Cent	0.3%	—	9,365	—	$1.1M
ATOAtmos Energy Corp	0.2%	—	3,975	—	$685K
ENLAYEnel SpA - ADR	0.1%	—	49,779	—	$569K
NINiSource Inc	0.1%	—	11,825	—	$562K
ENPHEnphase Energy Inc	0.1%	—	11,110	—	$547K

What Capital Innovations LLC bought and sold in Q2 2026, against Q1 2026.

New positions

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

Added to

No position grew by more than 5%.

Reduced

No position shrank by more than 5%.

Left the top 50

WMB Williams Ord Shswas 7.5%
SLB Ord Shswas 6.8%
NEE NextEra Energy Ord Shswas 5.6%
VST Vistra Ord Shswas 4.7%
CEG Constellation Energy Ord Shswas 4.5%
EQT EQT Ord Shswas 4.1%
LNG Cheniere Energy Ord Shswas 3.9%
Digital Realty Trust REIT Ord Shswas 3.8%

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: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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	$385.2M	51
Q1 2026	$399.2M	53
Q4 2025	$351.2M	51
Q1 2020	$667K	5
Q4 2019	$14.1M	28
Q3 2019	$32.5M	53
Q2 2019	$38.3M	58
Q1 2019	$38.3M	61
Q4 2018	$30.9M	55
Q3 2018	$41.0M	61
Q2 2018	$40.3M	62
Q1 2018	$40.8M	62

Questions about Capital Innovations LLC's portfolio

What stocks does Capital Innovations LLC own?

Capital Innovations LLC's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 51 positions worth $385.2M. The largest are Williams Cos (WMB) at 7.9%, Slb Limited (SLB) at 6.4%, Nextera Energy Inc (NEE) at 5.5%, Vistra Corp (VST) at 5.1% and Canadian Pacific Kansas City (CP) at 4.2%.

What did Capital Innovations LLC buy last quarter?

Capital Innovations LLC opened no new positions and grew none by more than 5% among its largest holdings in Q2 2026.

What did Capital Innovations LLC sell last quarter?

In Q2 2026, Capital Innovations LLC cut from its top 50 Williams Ord Shs (WMB), cut from its top 50 SLB Ord Shs, cut from its top 50 NextEra Energy Ord Shs (NEE), cut from its top 50 Vistra Ord Shs (VST) and cut from its top 50 Constellation Energy Ord Shs (CEG), compared with its Q1 2026 filing.

When is Capital Innovations LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Capital Innovations 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 Capital Innovations LLC manage?

Capital Innovations LLC reported $806.7M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $385.2M.