1y return+17.9%S&P 500 +20.9%
3y return+62.9%S&P 500 +68.5%
5y return+48.1%S&P 500 +74.5%
10y return+86.4%S&P 500 +256.5%
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 June 30, 2016: $186 against $357 in the S&P 500.2
Reaves W H & Co IncS&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 |
|---|---|---|---|
| TLNTalen Energy Corp | $567.4M | 8.6% | −2.3% |
| ETREntergy Corp New Com | $342.1M | 5.2% | +32.8% |
| VSTVistra Corp. | $328.5M | 5.0% | −1.1% |
| CEGConstellation Energy Corp | $325.5M | 4.9% | +8.9% |
| CNPCenterpoint Energy Inc | $291.9M | 4.4% | −5.4% |
| XELXcel Energy Inc Com | $269.7M | 4.1% | −5.4% |
| IDAIdacorp Inc Com | $267.8M | 4.1% | −1.7% |
| LNTAlliant Energy Corp Com | $212.4M | 3.2% | −7.0% |
| GEVGe Vernova Inc | $199.5M | 3.0% | −3.0% |
| NINisource Inc Com | $194.4M | 2.9% | |
| GLWCorning Inc Com | $182.6M | 2.8% | −6.3% |
| EQIXEquinix Inc Com New | $181.0M | 2.7% | |
| PWRQuanta Svcs Inc Com | $177.3M | 2.7% | −1.6% |
| SRESempra | $176.0M | 2.7% | −8.2% |
| DTMDt Midstream Inc | $157.8M | 2.4% | +15.3% |
| WMBWilliams Cos Inc Com | $157.2M | 2.4% | +1.2% |
| CMSCms Energy Corp Com | $146.1M | 2.2% | −9.7% |
| MPMp Matls Corp | $146.0M | 2.2% | |
| AEPAmerican Elec Pwr Inc Com | $136.1M | 2.1% | +188.6% |
| DYDycom Inds Inc Com | $133.1M | 2.0% | +6.1% |
| EPDEnterprise Products Partners L | $128.4M | 1.9% | |
| NEENextera Energy Inc Com | $126.3M | 1.9% | +9.4% |
| CCJCameco Corp Com | $114.6M | 1.7% | |
| CPCanadian Pacific Kansas City L | $108.5M | 1.6% | +16.1% |
| PNWPinnacle West Cap Corp Com | $97.8M | 1.5% | −15.2% |
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 |
|---|---|---|---|
| VSTVistra Corp. | June 30, 2022 | +594.2% | $328.5M |
| CEGConstellation Energy Corp | March 31, 2022 | +341.4% | $325.5M |
| GEVGe Vernova Inc | March 31, 2025 | +284.8% | $199.5M |
| DTMDt Midstream Inc | September 30, 2021 | +217.4% | $157.8M |
| GLWCorning Inc Com | September 30, 2025 | +211.4% | $182.6M |
| DYDycom Inds Inc Com | June 30, 2024 | +199.6% | $133.1M |
| PWRQuanta Svcs Inc Com | March 31, 2024 | +177.2% | $177.3M |
| LEUCentrus Energy Corp Cl A | December 31, 2024 | +152.0% | $38.0M |
| WMBWilliams Cos Inc Com | June 30, 2022 | +138.2% | $157.2M |
| ETREntergy Corp New Com | March 31, 2021 | +130.9% | $342.1M |
Sold off last quarter
- PPLPpl Corp Com was $141.6M
- X-energy Reactor Co. LLC SerieCUSIP 984111777 was $27.5M
- CCICrown Castle Inc was $23.4M
- TXNMTxnm Energy Inc was $2.4M
- Linde PLC ShCUSIP G54950103 was $2.2M
- CCOICogent Communications Hldgs Co was $529K
- EXCExelon Corp Com was $392K
- VZVerizon Communications Com was $234K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.7% | +14.8% |
| March 31, 2026 | +5.8% | −4.6% |
| December 31, 2025 | −4.9% | +2.4% |
| September 30, 2025 | +8.8% | +7.8% |
| June 30, 2025 | +10.6% | +10.5% |
| March 31, 2025 | +0.7% | −4.6% |
| December 31, 2024 | +0.6% | +2.1% |
| September 30, 2024 | +18.3% | +5.4% |
| June 30, 2024 | +1.1% | +4.0% |
| March 31, 2024 | +1.9% | +10.0% |
| December 31, 2023 | +8.8% | +11.2% |
| September 30, 2023 | −7.1% | −3.6% |
| June 30, 2023 | −1.2% | +8.3% |
| March 31, 2023 | −2.1% | +7.0% |
| December 31, 2022 | +8.8% | +7.1% |
| September 30, 2022 | −9.5% | −5.3% |
| June 30, 2022 | −8.7% | −16.5% |
| March 31, 2022 | −1.6% | −4.9% |
| December 31, 2021 | +9.1% | +10.7% |
| September 30, 2021 | −2.6% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Reaves W H & Co Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=740913&type=13F-HR&dateb=&owner=include&count=40CIK 740913
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/740913/000074091326000009/Filed July 30, 2026 · accession 0000740913-26-000009