REAVES W H & CO INC

REAVES W H & CO INC declares $3.3B in 27 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 50.7% of its $6.6B 13F portfolio. Largest positions: Talen Energy (3.1% of the company) and Entergy (0.64% of the company). Over time: $3.3B in 27 of these companies for Q2 2026, against $668.5M in 14 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $270.4M and sold $131.9M of these stocks, at the quarter's prices: a net purchase of $138.4M; 1 new position and 2 sold out.

Performance of its AI picks

The AI-stock portfolio REAVES W H & CO INC declared for Q2 2026 (Form 13F), held unchanged, returned -13.3% in Q3 2026 (SMH -7.1%), ranked 1692 of 1,783 active managers. Over the last 12 months, quarter after quarter: -7.5% (SMH +87.2%), ranked 1357 of 1,359 active managers. Over three years, quarter after quarter: +102.4% (SMH +325.8%), ranked 713 of 783 active managers. Over five years, quarter after quarter: +95.3% (SMH +389.8%), ranked 496 of 535 active managers. Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Talen Energy (TLN) — $567.4M: 1.5M shares, 3.1% of the company, 8.6% of its portfolio (trimmed this quarter); held since Q4 2023
2. Entergy (ETR) — $342.1M: 3.0M shares, 0.64% of the company, 5.2% of its portfolio (added this quarter); held since Q1 2021
3. Vistra (VST) — $328.5M: 2.1M shares, 0.62% of the company, 5.0% of its portfolio (trimmed this quarter); held since Q2 2022
4. Constellation Energy (CEG) — $325.5M: 1.3M shares, 0.37% of the company, 4.9% of its portfolio (added this quarter); held since Q1 2022
5. Xcel Energy (XEL) — $269.7M: 3.4M shares, 0.54% of the company, 4.1% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
6. GE Vernova (GEV) — $199.5M: 169,847 shares, 0.06% of the company, 3.0% of its portfolio (trimmed this quarter); held since Q1 2025
7. Corning (GLW) — $182.6M: 714,933 shares, 0.08% of the company, 2.8% of its portfolio (trimmed this quarter); held since Q3 2025
8. Equinix (EQIX) — $181.0M: 173,604 shares, 0.18% of the company, 2.7% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. Quanta Services (PWR) — $177.3M: 246,303 shares, 0.16% of the company, 2.7% of its portfolio (trimmed this quarter); held since Q1 2024
10. American Electric Power (AEP) — $136.1M: 994,697 shares, 0.18% of the company, 2.1% of its portfolio (added this quarter); held since Q1 2026
11. NextEra Energy (NEE) — $126.3M: 1.4M shares, 0.07% of the company, 1.9% of its portfolio (added this quarter); held since Q4 2019 or earlier
12. NRG Energy (NRG) — $93.5M: 640,357 shares, 0.30% of the company, 1.4% of its portfolio (trimmed this quarter); held since Q1 2025
13. Coherent (COHR) — $84.0M: 213,055 shares, 0.11% of the company, 1.3% of its portfolio (added this quarter); held since Q4 2025
14. SBA Communications (SBAC) — $56.9M: 322,464 shares, 0.30% of the company, 0.86% of its portfolio; held since Q4 2019 or earlier
15. Arista Networks (ANET) — $53.1M: 312,537 shares, 0.02% of the company, 0.81% of its portfolio (trimmed this quarter); held since Q4 2025

By sector

• Power, electrical & cooling — $2.7B, 80% of its AI holdings, 17 companies
• Neoclouds & data centers — $329.4M, 10% of its AI holdings, 5 companies
• Optics — $300.9M, 9% of its AI holdings, 3 companies
• Interconnect — $53.1M, 2% of its AI holdings, 1 company
• Cloud & AI giants — $1.4M, 0% of its AI holdings, 1 company

Biggest changes this quarter

• added to American Electric Power (AEP): +$88.9M at the quarter's price
• added to Entergy (ETR): +$84.5M at the quarter's price
• added to Constellation Energy (CEG): +$26.6M at the quarter's price
• sold out of Crown Castle (CCI): -$23.4M at the quarter's price
• opened a position in Dominion Energy (D): +$20.5M at the quarter's price
• added to American Tower (AMT): +$18.6M at the quarter's price
• trimmed Arista Networks (ANET): -$17.4M at the quarter's price
• trimmed Xcel Energy (XEL): -$15.3M at the quarter's price
• trimmed Public Service Enterprise (PEG): -$14.2M at the quarter's price
• trimmed NRG Energy (NRG): -$13.7M at the quarter's price

Other holders of this size

• Newport Trust Company, LLC — $3.3B in 5 of these companies
• Danica Pension, Livsforsikringsaktieselskab — $3.4B in 50 of these companies
• Robeco Schweiz AG — $3.3B in 40 of these companies
• JOHNSON INVESTMENT COUNSEL INC — $3.4B in 88 of these companies
• KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC — $3.3B in 110 of these companies
• Markel Group Inc. — $3.4B in 13 of these companies
• Union Bancaire Privee, UBP SA — $3.3B in 79 of these companies
• ATALANTA SOSNOFF CAPITAL, LLC — $3.4B in 34 of these companies

Follow REAVES W H & CO INC's SEC filings (Atom feed)

All holders · Who owns each AI company · All tracked companies · The AI market