1y return+17.4%S&P 500 +20.9%
3y return+61.7%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2021: $199 against $157 in the S&P 500.2
Fractal Investments LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ETEnergy Transfer L P | $104.6M | 12.1% | +13.5% |
| MPLXMplx LP | $94.0M | 10.8% | −18.7% |
| PAAPlains All Amern Pipeline L | $80.7M | 9.3% | |
| EPDEnterprise Prods Partners L | $67.5M | 7.8% | |
| WESWestern Midstream Partners L | $66.7M | 7.7% | −3.4% |
| WMBWilliams Cos Inc | $62.5M | 7.2% | +3.2% |
| TRGPTarga Res Corp | $51.8M | 6.0% | +21.9% |
| SUNSunoco Lp/sunoco Fin Corp | $46.0M | 5.3% | +10.6% |
| TRPTc Energy Corp | $44.4M | 5.1% | +3.2% |
| HESMHess Midstream LP | $43.6M | 5.0% | −2.1% |
| DTMDt Midstream Inc | $33.9M | 3.9% | |
| KMIKinder Morgan Inc Del | $33.5M | 3.9% | |
| LNGCheniere Energy Inc | $18.6M | 2.1% | +15.3% |
| Oneok Inc NewCUSIP 682680103 | $13.6M | 1.6% | |
| NGLNgl Energy Partners LP | $13.3M | 1.5% | |
| CQPCheniere Energy Partners L P | $11.8M | 1.4% | |
| GLPGlobal Partners LP | $9.1M | 1.0% | |
| SNDKSandisk Corp | $7.7M | 0.9% | −22.7% |
| AMAntero Midstream Corp | $5.3M | 0.6% | +22.6% |
| GELGenesis Energy L P | $4.9M | 0.6% | |
| GEVGe Vernova Inc | $4.6M | 0.5% | |
| SPHSuburban Propane Partners L | $3.7M | 0.4% | |
| ENBEnbridge Inc | $3.7M | 0.4% | |
| QQnity Electronics Inc | $3.3M | 0.4% | +17.6% |
| SOLSSolstice Advanced Matls Inc | $2.5M | 0.3% | +12.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TRGPTarga Res Corp | December 31, 2021 | +413.4% | $51.8M |
| GEVGe Vernova Inc | September 30, 2024 | +360.8% | $4.6M |
| NGLNgl Energy Partners LP | June 30, 2023 | +309.5% | $13.3M |
| PHINPhinia Inc | September 30, 2023 | +207.5% | $1.2M |
| DTMDt Midstream Inc | December 31, 2021 | +205.9% | $33.9M |
| CATCaterpillar Inc | March 31, 2024 | +190.6% | $1.4M |
| ECGEverus Constr Group | June 30, 2025 | +161.2% | $1.1M |
| PAAPlains All Amern Pipeline L | December 31, 2021 | +138.3% | $80.7M |
| LNGCheniere Energy Inc | December 31, 2021 | +135.7% | $18.6M |
| ETEnergy Transfer L P | December 31, 2021 | +132.3% | $104.6M |
Sold off last quarter
- GEHCGe Healthcare Technologies I was $897K
- NTRNutrien Ltd was $581K
- ESABEsab Corporation was $558K
- GLDSpdr Gold Tr was $466K
- INGRIngredion Inc was $370K
- CARRCarrier Global Corporation was $340K
- APAApa Corporation was $334K
- MRPMillrose Pptys Inc was $252K
- CTRACoterra Energy Inc was $225K
- ITRIItron Inc was $215K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +0.8% | +14.8% |
| March 31, 2026 | +16.7% | −4.6% |
| December 31, 2025 | +1.7% | +2.4% |
| September 30, 2025 | −1.9% | +7.8% |
| June 30, 2025 | −4.6% | +10.5% |
| March 31, 2025 | +6.8% | −4.6% |
| December 31, 2024 | +7.1% | +2.1% |
| September 30, 2024 | +1.8% | +5.4% |
| June 30, 2024 | +2.3% | +4.0% |
| March 31, 2024 | +12.7% | +10.0% |
| December 31, 2023 | +1.6% | +11.2% |
| September 30, 2023 | +5.7% | −3.6% |
| June 30, 2023 | +2.7% | +8.3% |
| March 31, 2023 | +1.7% | +7.0% |
| December 31, 2022 | +9.0% | +7.1% |
| September 30, 2022 | +4.2% | −5.3% |
| June 30, 2022 | −12.0% | −16.5% |
| March 31, 2022 | +18.3% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Fractal Investments LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1843590&type=13F-HR&dateb=&owner=include&count=40CIK 1843590
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1843590/000208585326000824/Filed July 23, 2026 · accession 0002085853-26-000824