Managers / Q1 2022 · view latest →
Fractal Investments LLC
CIK 0001843590 · 226 KNOLLWOOD DRIVE, GLASTONBURY, CT, 06033 · 860-839-0257
Reported Value
$340M
Q1 2022
Positions
117
Filings on Record
18
2019–present window
Filed
Apr 20, 2022
original filing
Summary
Fractal Investments LLC reported $340M in U.S.-listed holdings across 117 positions for Q1 2022.
Its largest position, ET, represents 12.5% of the portfolio.
Compared with Q4 2021, the fund opened 12 new positions and exited 21.
Portfolio Metrics
Turnover
+9.2%
vs prior filed quarter
Top-10 Concentration
+71.2%
share of reported value
Largest Position
+12.5%
Energy Transfer L P
New / Exited
12 / 21
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
Portfolio Composition
By security type
- MLP · 59.1% · $201M
- Common Stock · 31.9% · $108M
- Unit · 5.8% · $20M
- ADR · 1.7% · $6M
- Other · 0.9% · $3M
- Other · 0.7% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PSXPHILLIPS 66 | NEW | +82.6K | 82.6K | +$7M | $7M |
| VALE S A | NEW | +29.8K | 29.8K | +$596,000 | $596,000 |
| GOLAR LNG LTD | NEW | +22.5K | 22.5K | +$558,000 | $558,000 |
| APOAPOLLO GLOBAL MGMT INC | NEW | +6.0K | 6.0K | +$375,000 | $375,000 |
| SCCOSOUTHERN COPPER CORP | NEW | +4.6K | 4.6K | +$348,000 | $348,000 |
| BRK/BBERKSHIRE HATHAWAY INC DEL | NEW | +750 | 750 | +$265,000 | $265,000 |
| AMCOR PLC | NEW | +23.0K | 23.0K | +$261,000 | $261,000 |
| EOGEOG RES INC | NEW | +2.2K | 2.2K | +$258,000 | $258,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2022
50 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ETENERGY TRANSFER L Phistory → | COM UT LTD PTN | 12.52% | $43M | 3.80M |
| 2 | MPLXMPLX LPhistory → | COM UNIT REP LTD | 11.63% | $40M | 1.19M |
| 3 | EPDENTERPRISE PRODS PARTNERS Lhistory → | COM | 8.23% | $28M | 1.08M |
| 4 | TRGPTARGA RES CORPhistory → | COM | 7.53% | $26M | 338.9K |
| 5 | WESWESTERN MIDSTREAM PARTNERS Lhistory → | COM UNIT LP INT | 6.84% | $23M | 921.5K |
| 6 | 0E41ENLINK MIDSTREAM LLChistory → | COM UNIT REP LTD | 5.75% | $20M | 2.03M |
| 7 | PAAPLAINS ALL AMERN PIPELINE Lhistory → | UNIT LTD PARTN | 5.51% | $19M | 1.74M |
| 8 | OKEONEOK INC NEWhistory → | COM | 5.27% | $18M | 253.7K |
| 9 | WEPMAGELLAN MIDSTREAM PRTNRS LPhistory → | COM UNIT RP LP | 4.44% | $15M | 307.8K |
| 10 | LNGCHENIERE ENERGY INChistory → | COM NEW | 3.51% | $12M | 86.1K |
| 11 | CQPCHENIERE ENERGY PARTNERS LPhistory → | COM UNIT | 3.35% | $11M | 201.8K |
| 12 | PSXPHILLIPS 66history → | COM | 2.10% | $7M | 82.6K |
| 13 | DCP MIDSTREAM LP | COM UT LTD PTN | 2.05% | $7M | 207.5K |
| 14 | SHELL MIDSTREAM PARTNERS L P | UNIT LTD INT | 1.68% | $6M | 402.0K |
| 15 | KMIKINDER MORGAN INC DELhistory → | COM | 1.10% | $4M | 197.8K |
| 16 | NSUSDNUSTAR ENERGY LPhistory → | UNIT COM | 1.10% | $4M | 259.3K |
| 17 | JPMJPMORGAN CHASE & CO | COM | 0.81% | $3M | 20.1K |
| 18 | BHP GROUP LTD | SPONSORED ADS | 0.69% | $2M | 30.3K |
| 19 | GELGENESIS ENERGY L P | UNIT LTD PARTN | 0.69% | $2M | 200.0K |
| 20 | TECK/BTECK RESOURCES LTD | CL B | 0.65% | $2M | 54.6K |
| 21 | CEQPUSDCRESTWOOD EQUITY PARTNERS LP | UNIT LTD PARTNER | 0.62% | $2M | 70.1K |
| 22 | NTRNUTRIEN LTD | COM | 0.57% | $2M | 18.5K |
| 23 | BACBK OF AMERICA CORP | COM | 0.43% | $1M | 35.3K |
| 24 | RIORIO TINTO PLC | SPONSORED ADR | 0.40% | $1M | 16.7K |
| 25 | CFCF INDS HLDGS INC | COM | 0.37% | $1M | 12.2K |
| 26 | DWDMORGAN STANLEY | COM NEW | 0.35% | $1M | 13.5K |
| 27 | DTMDT MIDSTREAM INC | COMMON STOCK | 0.33% | $1M | 20.9K |
| 28 | HESMHESS MIDSTREAM LP | CL A SHS | 0.33% | $1M | 37.1K |
| 29 | ICL GROUP LTD | SHS | 0.31% | $1M | 86.6K |
| 30 | ARCELORMITTAL SA LUXEMBOURG | NY REGISTRY SH | 0.28% | $960,000 | 30.0K |
| 31 | CARRCARRIER GLOBAL CORPORATION | COM | 0.28% | $958,000 | 20.9K |
| 32 | HEPUSDHOLLY ENERGY PARTNERS L P | COM UT LTD PTN | 0.28% | $950,000 | 53.7K |
| 33 | SCHWSCHWAB CHARLES CORP | COM | 0.27% | $927,000 | 11.0K |
| 34 | MOSMOSAIC CO NEW | COM | 0.27% | $902,000 | 13.6K |
| 35 | CBRECBRE GROUP INC | CL A | 0.24% | $824,000 | 9.0K |
| 36 | GGBGERDAU SA | SPON ADR REP PFD | 0.23% | $785,000 | 122.0K |
| 37 | WFCWELLS FARGO CO NEW | COM | 0.23% | $770,000 | 15.9K |
| 38 | TFCTRUIST FINL CORP | COM | 0.22% | $758,000 | 13.4K |
| 39 | WYWEYERHAEUSER CO MTN BE | COM NEW | 0.21% | $727,000 | 19.2K |
| 40 | OTISOTIS WORLDWIDE CORP | COM | 0.21% | $723,000 | 9.4K |
| 41 | EXMOCEXXON MOBIL CORP | COM | 0.21% | $703,000 | 8.5K |
| 42 | STLDSTEEL DYNAMICS INC | COM | 0.20% | $679,000 | 8.1K |
| 43 | METMETLIFE INC | COM | 0.20% | $668,000 | 9.5K |
| 44 | SBSWSIBANYE STILLWATER LTD | SPONSORED ADR | 0.20% | $667,000 | 41.1K |
| 45 | ADMARCHER DANIELS MIDLAND CO | COM | 0.19% | $634,000 | 7.0K |
| 46 | CNXCCONCENTRIX CORP | COM | 0.18% | $608,000 | 3.6K |
| 47 | VALE S A | SPONSORED ADS | 0.18% | $596,000 | 29.8K |
| 48 | CATCATERPILLAR INC | COM | 0.17% | $575,000 | 2.6K |
| 49 | PRUPRUDENTIAL FINL INC | COM | 0.17% | $571,000 | 4.8K |
| 50 | TRVCCITIGROUP INC | COM NEW | 0.17% | $568,000 | 10.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $845M | 81 | Apr 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $716M | 80 | Jan 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $693M | 77 | Oct 27, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $701M | 76 | Jul 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $720M | 73 | May 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $653M | 76 | Jan 27, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $592M | 83 | Oct 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $575M | 82 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $551M | 81 | May 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $486M | 74 | Feb 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $487M | 95 | Oct 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $449M | 103 | Aug 4, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $430M | 96 | May 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $420M | 92 | Jan 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $378M | 86 | Oct 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $304M | 68 | Jul 19, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $340M | 117 | Apr 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $289M | 126 | Feb 9, 2022 | 13F-HR | changes · EDGAR ↗ |
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 ↗.