SEC 13F Intelligence

Managers / Q4 2024 · view latest →

KAYNE ANDERSON CAPITAL ADVISORS LP

CIK 0000949615 · 2121 AVENUE OF THE STARS, 9TH FLOOR, LOS ANGELES, CA, 90067 · 3105562721

Reported Value
$4.2B
Q4 2024
Positions
72
Filings on Record
31
2019–present window
Filed
Feb 10, 2025
original filing

Summary

Kayne Anderson Capital Advisors LP reported $4.2B in U.S.-listed holdings across 72 positions for Q4 2024.

Its largest position, ET, represents 11.1% of the portfolio.

Compared with Q3 2024, the fund opened 7 new positions and exited 6.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+72.8%
share of reported value
Largest Position
+11.1%
Energy Transfer L P
New / Exited
7 / 6
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $6.4BQ4 ’18Q1 ’19: $7.0BQ2 ’19: $6.7BQ3 ’19: $6.2BQ4 ’19: $5.8BQ4 ’19Q1 ’20: $1.9BQ2 ’20: $2.6BQ3 ’20: $2.4BQ4 ’20: $2.8BQ4 ’20Q1 ’21: $3.1BQ2 ’21: $3.5BQ3 ’21: $3.4BQ4 ’21: $3.3BQ4 ’21Q1 ’22: $4.2BQ2 ’22: $3.6BQ3 ’22: $3.4BQ4 ’22: $3.4BQ4 ’22Q1 ’23: $3.4BQ2 ’23: $3.3BQ3 ’23: $3.2BQ4 ’23: $3.2BQ4 ’23Q1 ’24: $3.6BQ2 ’24: $3.7BQ3 ’24: $3.9BQ4 ’24: $4.2BQ4 ’24Q1 ’25: $4.5BQ2 ’25: $4.3BQ3 ’25: $4.6BQ4 ’25: $4.4BQ4 ’25Q1 ’26: $5.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 63.5%MLP: 34.0%Other: 0.9%PUBLIC: 0.9%Closed-End Fund: 0.5%US DOMESTIC: 0.3%
  • Common Stock · 63.5% · $2.7B
  • MLP · 34.0% · $1.4B
  • Other · 0.9% · $38M
  • PUBLIC · 0.9% · $38M
  • Closed-End Fund · 0.5% · $21M
  • US DOMESTIC · 0.3% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
APDAIR PRODS & CHEMS INCNEW+159.3K159.3K+$46M$46M
LINDE PLCNEW+63.7K63.7K+$27M$27M
PG&E CORPNEW+300.0K300.0K+$15M$15M
ENPHENPHASE ENERGY INCNEW+66.0K66.0K+$5M$5M
TLNTALEN ENERGY CORPNEW+22.2K22.2K+$4M$4M
RUNSUNRUN INCNEW+328.6K328.6K+$3M$3M
SOBOSOUTH BOW CORPNEW+71.9K71.9K+$2M$2M
ARRAY TECHNOLOGIES INCADDED+16.76M17.45M+$648,421$13M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2024

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ETENERGY TRANSFER L Phistory →COM UT LTD PTN11.08%$470M23.99M
2EPDENTERPRISE PRODS PARTNERS Lhistory →COM10.05%$426M13.59M
3WMBWILLIAMS COS INChistory →COM9.96%$422M7.80M
4LNGCHENIERE ENERGY INChistory →COM NEW7.04%$298M1.39M
5KMIKINDER MORGAN INC DELhistory →COM6.61%$280M10.23M
6MPLXMPLX LPhistory →COM UNIT REP LTD6.36%$270M5.63M
7TRGPTARGA RES CORPhistory →COM6.18%$262M1.47M
8OKEONEOK INC NEWhistory →COM6.07%$257M2.56M
9TRPTC ENERGY CORPhistory →COM5.31%$225M4.84M
10WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT4.16%$176M4.59M
11ENBENBRIDGE INChistory →COM3.83%$162M3.83M
12PPLPEMBINA PIPELINE CORPhistory →COM3.54%$150M4.06M
13SRESEMPRAhistory →COM2.33%$99M1.13M
14HESMHESS MIDSTREAM LPhistory →CL A SHS2.28%$97M2.61M
15PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN2.27%$96M5.65M
16ETRENTERGY CORP NEWhistory →COM1.61%$68M900.1K
17DTMDT MIDSTREAM INChistory →COMMON STOCK1.59%$67M678.5K
18APDAIR PRODS & CHEMS INChistory →COM1.09%$46M159.3K
19KNTKKINETIK HOLDINGS INChistory →COM NEW CL A1.06%$45M795.3K
20AMANTERO MIDSTREAM CORPhistory →COM1.05%$44M2.95M
21AROCARCHROCK INChistory →COM0.95%$40M1.61M
22PCGPG&E CORPCOM · PFD CONV SER A0.74%$31M1.11M
23LINDE PLCSHS0.63%$27M63.7K
24NEXTERA ENERGY INCUNIT 09/01/2025 · UNIT 06/01/20270.53%$23M545.4K
25KYNEURKAYNE ANDERSON ENERGY INFRSThistory →COM0.48%$21M1.61M
26XELXCEL ENERGY INChistory →COM0.37%$16M234.2K
27PAGPEURPLAINS GP HLDGS L Phistory →LTD PARTNR INT A0.34%$14M782.1K
28ARRAY TECHNOLOGIES INCNOTE 1.000%12/00.30%$13M17.45M
29PEGPUBLIC SVC ENTERPRISE GRP INhistory →COM0.30%$13M149.9K
30FSLRFIRST SOLAR INCCOM0.21%$9M49.6K
31GEVGE VERNOVA INCCOM0.20%$9M26.3K
32PEOEXELON CORPCOM0.19%$8M214.5K
33BROOKFIELD RENEWABLE PARTNERPARTNERSHIP UNIT0.16%$7M289.8K
34ARIS WATER SOLUTIONS INCCLASS A COM0.15%$6M268.5K
35CWENCLEARWAY ENERGY INCCL C0.15%$6M238.3K
36CEGCONSTELLATION ENERGY CORPCOM0.14%$6M27.4K
37PWRQUANTA SVCS INCCOM0.12%$5M16.3K
38ENPHENPHASE ENERGY INCCOM0.11%$5M66.0K
39RENEW ENERGY GLOBAL PLCCL A SHS0.11%$5M663.6K
40TLNTALEN ENERGY CORPCOM0.11%$4M22.2K
41RUNSUNRUN INCCOM0.07%$3M328.6K
42KGSKODIAK GAS SVCS INCCOM0.04%$2M43.5K
43SOBOSOUTH BOW CORPCOM0.04%$2M71.9K
44GLPGLOBAL PARTNERS LPCOM UNITS0.04%$2M35.0K
45CCOCAMECO CORPCOM0.03%$1M28.5K
46MTZMASTEC INCCOM0.02%$963,5997.1K
47SUNSUNOCO LP/SUNOCO FIN CORPCOM UT REP LP0.01%$485,1319.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.2B74May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$4.4B66Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$4.6B73Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$4.3B68Aug 11, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$4.5B70May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.2B72Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$3.9B70Nov 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.7B80Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$3.6B88May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$3.2B118Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.2B124Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.3B111Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$3.4B118May 2, 202313F-HRchanges · EDGAR ↗
Q4 2022$3.4B121Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$3.4B127Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$3.6B130Aug 5, 202213F-HRchanges · EDGAR ↗
Q1 2022$4.2B141May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.3B137Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.4B133Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.5B138Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.1B132May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.8B122Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.4B126Nov 6, 202013F-HRchanges · EDGAR ↗
Q2 2020$2.6B145Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.9B137May 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$5.8B125Feb 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$6.2B134Nov 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$6.7B130Jul 29, 201913F-HRchanges · EDGAR ↗
Q1 2019$7.0B130May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.4B133Feb 13, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • KA Fund Advisors LLC

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.