SEC 13F Intelligence

Managers / Q3 2025 · view latest →

KAYNE ANDERSON CAPITAL ADVISORS LP

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

Reported Value
$4.6B
Q3 2025
Positions
73
Filings on Record
31
2019–present window
Filed
Nov 10, 2025
original filing

Summary

Kayne Anderson Capital Advisors LP reported $4.6B in U.S.-listed holdings across 73 positions for Q3 2025.

Its largest position, WMB, represents 7.8% of the portfolio.

Compared with Q2 2025, the fund opened 8 new positions and exited 3.

Portfolio Metrics

Turnover
+7.4%
vs prior filed quarter
Top-10 Concentration
+58.1%
share of reported value
Largest Position
+7.8%
Williams Ord
New / Exited
8 / 3
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: 61.2%MLP: 31.0%Ltd Part: 5.6%Other: 1.3%PUBLIC: 0.5%Other: 0.5%
  • Common Stock · 61.2% · $2.8B
  • MLP · 31.0% · $1.4B
  • Ltd Part · 5.6% · $253M
  • Other · 1.3% · $58M
  • PUBLIC · 0.5% · $23M
  • Other · 0.5% · $21M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MNRMACH NATURAL RESOURCES LPNEW+19.19M19.19M+$253M$253M
SPDR SERIES TRUSTNEW+255255+$3M$3M
GNRCGENERAC HOLDINGS ORDNEW+12.9K12.9K+$2M$2M
NEXTERA ENERGY UNTNEW+25.0K25.0K+$1M$1M
NXTNEXTRACKER CL A ORDNEW+10.9K10.9K+$805,529$805,529
EOSEEOS ENERGY ENTERPRISES CL A ORDNEW+41.5K41.5K+$472,981$472,981
ARRYARRAY TECHNOLOGIES ORDNEW+48.1K48.1K+$391,787$391,787
SHLSSHOALS TECHNOLOGIES GROUP CL A ORDNEW+51.0K51.0K+$378,103$378,103

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

Holdings — Q3 2025

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1WMBWILLIAMS ORDhistory →COM10.60%$483M7.62M
2EPDENTERPRISE PRODUCTS PARTNERS UNThistory →COM9.17%$418M13.36M
3ETENERGY TRANSFER UNThistory →COM UT LTD PTN9.03%$411M23.97M
4LNGCHENIERE ENERGY ORDhistory →COM NEW8.19%$373M1.59M
5MPLXMPLX COM UNThistory →COM UNIT REP LTD7.93%$361M7.23M
6KMIKINDER MORGAN CL P ORDhistory →COM7.74%$353M12.45M
7TRPTC ENERGY ORDhistory →COM6.40%$292M5.36M
8OKEONEOK ORDhistory →COM5.71%$260M3.56M
9MNRMACH NATURAL RESOURCES LPhistory →COM UNIT LTD PAR5.55%$253M19.19M
10ENBENBRIDGE ORDhistory →COM5.10%$232M4.61M
11TRGPTARGA RESOURCES ORDhistory →COM3.79%$173M1.03M
12WESWESTERN MIDSTREAM PARTNERS COM UNThistory →COM UNIT LP INT2.95%$134M3.42M
13DTMDT MIDSTREAM ORDhistory →COMMON STOCK2.15%$98M867.0K
14SRESEMPRA ORDhistory →COM1.91%$87M969.2K
15PAAPLAINS ALL AMERICAN PIPELINE UNThistory →UNIT LTD PARTN1.78%$81M4.75M
16PPLPEMBINA PIPELINE ORDhistory →COM1.57%$72M1.77M
17AMANTERO MIDSTREAM ORDhistory →COM1.54%$70M3.60M
18ETRENTERGY ORDhistory →COM1.27%$58M622.9K
19HESMHESS MIDSTREAM CL A ORDhistory →CL A SHS1.03%$47M1.36M
20PWRQUANTA SERVICES ORDhistory →COM0.85%$39M93.6K
21LINDE ORDSHS0.84%$38M80.3K
22APDAIR PRODUCTS AND CHEMICALS ORDhistory →COM0.57%$26M94.6K
23EEEXCELERATE ENERGY CL A ORDhistory →CL A COM0.39%$18M705.1K
24PPLPPL ORDhistory →COM0.37%$17M452.7K
25PG AND E 6 SRS A CONV PRFPFD CONV SER A0.28%$13M328.0K
26AROCARCHROCK ORDhistory →COM0.27%$12M468.8K
27XELXCEL ENERGY ORDhistory →COM0.25%$11M142.4K
28KYNEURKAYNE ANDERSON ENERGY INFRSThistory →COM0.22%$10M808.7K
29NEXTERA ENERGY UNTUNIT 06/01/20270.20%$9M182.0K
30NRANRG ENERGY ORDCOM NEW0.20%$9M55.5K
31NFGNATL FUEL GAS ORDCOM0.19%$9M95.2K

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 ↗.