SEC 13F Intelligence

Managers / Q2 2025 · view latest →

KAYNE ANDERSON CAPITAL ADVISORS LP

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

Reported Value
$4.3B
Q2 2025
Positions
68
Filings on Record
31
2019–present window
Filed
Aug 11, 2025
amendment (RESTATEMENT)

Summary

Kayne Anderson Capital Advisors LP reported $4.3B in U.S.-listed holdings across 68 positions for Q2 2025.

Its largest position, WMB, represents 8.6% of the portfolio.

Compared with Q1 2025, the fund opened 7 new positions and exited 8.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+57.9%
share of reported value
Largest Position
+8.6%
Williams Cos
New / Exited
7 / 8
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. 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: 63.8%MLP: 34.1%Other: 1.3%PUBLIC: 0.3%Closed-End Fund: 0.2%Other: 0.2%
  • Common Stock · 63.8% · $2.8B
  • MLP · 34.1% · $1.5B
  • Other · 1.3% · $58M
  • PUBLIC · 0.3% · $13M
  • Closed-End Fund · 0.2% · $10M
  • Other · 0.2% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SELECT SECTOR SPDR TRNEW+2.2K2.2K+$19M$19M
EEEXCELERATE ENERGY INCNEW+440.9K440.9K+$13M$13M
NEENEXTERA ENERGY INCNEW+124.6K124.6K+$9M$9M
SIMPLIFY EXCHANGE TRADED FUNNEW+298.6K298.6K+$8M$8M
NEXTERA ENERGY INCNEW+122.0K122.0K+$6M$6M
AQNALGONQUIN PWR UTILS CORPNEW+804.0K804.0K+$5M$5M
NFGNATIONAL FUEL GAS CONEW+36.8K36.8K+$3M$3M
KNTKKINETIK HOLDINGS INCSOLD OUT−830.1K0−$43M$0

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

Holdings — Q2 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WMBWILLIAMS COS INChistory →COM11.53%$498M7.93M
2ETENERGY TRANSFER L Phistory →COM UT LTD PTN10.10%$436M24.06M
3EPDENTERPRISE PRODS PARTNERS Lhistory →COM9.65%$417M13.45M
4MPLXMPLX LPhistory →COM UNIT REP LTD9.08%$392M7.62M
5LNGCHENIERE ENERGY INChistory →COM NEW8.78%$379M1.56M
6KMIKINDER MORGAN INC DELhistory →COM7.33%$317M10.77M
7OKEONEOK INC NEWhistory →COM6.53%$282M3.46M
8TRGPTARGA RES CORPhistory →COM5.23%$226M1.30M
9TRPTC ENERGY CORPhistory →COM5.21%$225M4.62M
10ENBENBRIDGE INChistory →COM3.25%$140M3.10M
11WESWESTERN MIDSTREAM PARTNERS Lhistory →COM UNIT LP INT3.07%$133M3.43M
12PPLPEMBINA PIPELINE CORPhistory →COM2.79%$120M3.21M
13HESMHESS MIDSTREAM LPhistory →CL A SHS2.51%$108M2.81M
14DTMDT MIDSTREAM INChistory →COMMON STOCK2.22%$96M873.2K
15PAAPLAINS ALL AMERN PIPELINE Lhistory →UNIT LTD PARTN2.01%$87M4.75M
16PWRQUANTA SVCS INChistory →COM1.26%$55M144.3K
17AMANTERO MIDSTREAM CORPhistory →COM1.24%$54M2.83M
18ETRENTERGY CORP NEWhistory →COM1.14%$49M593.7K
19SRESEMPRAhistory →COM1.10%$48M627.1K
20APDAIR PRODS & CHEMS INChistory →COM0.90%$39M137.9K
21LINDE PLCSHS0.87%$38M80.3K
22AROCARCHROCK INChistory →COM0.27%$12M468.8K
23EEEXCELERATE ENERGY INChistory →CL A COM0.27%$12M394.7K
24KYNEURKAYNE ANDERSON ENERGY INFRSThistory →COM0.24%$10M808.7K
25PPLPPL CORPCOM0.22%$10M283.9K
26PEOEXELON CORPCOM0.20%$9M202.0K
27NEENEXTERA ENERGY INCCOM0.20%$9M124.6K
28PG&E CORPPFD CONV SER A0.18%$8M203.0K
29SIMPLIFY EXCHANGE TRADED FUNKAYNE ANDERSON0.18%$8M298.6K
30VSTVISTRA CORPCOM0.17%$7M38.7K
31FSLRFIRST SOLAR INCCOM0.17%$7M45.0K

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 ↗.