KAYNE ANDERSON CAPITAL ADVISORS LP

CIK 0000949615 · Q2 2026

13F Equity AUM

$5.1B

-2.3% QoQ

Positions

+5 QoQ

AUM Rank

#844

Top 10%

Skill Alpha (FF)

-1.0%/yr^ns

No Clear Edge

Rank #4,342 · Top 52%

vs S&P -7.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 43.7%Top 10: 71.6%Top 20: 91.8%

WMB9.8%

EPD9.3%

ET9.1%

LNG8.9%

OKE6.6%

MPLX6.5%

KMI5.8%

ENB5.3%

TRGP5.1%

TRP5.1%

Others (43)28.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Energy92.1%

Utilities7.4%

Other0.5%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 53Median: 0.33%Avg: 1.89%

0–0.5%

29(4.5%)

0.5–1%

3(2.6%)

1–3%

9(14.1%)

3–5%

2(7.2%)

5%+

10(71.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 53vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New9Increased20Decreased21Exited4

New Positions

VG1.3%

+5.7M

OXY0.3%

+347K

BP0.3%

+442K

CHV0.2%

+72K

D0.2%

+135K

SUN0.1%

+57K

L0.1%

+25K

PRIM0.1%

+25K

EROCK INC0.0%

+49K

Increased

SUNC1.1%

+602K(+278%)

KGS1.7%

+506K(+81%)

PPL1.9%

+506K(+32%)

GLP0.3%

+254K(+794%)

LNG8.9%

+247K(+15%)

TRGP5.1%

+193K(+25%)

PPL0.2%

+78K(+39%)

SWX0.5%

+50K(+23%)

MPC1.0%

+47K(+29%)

CNP1.1%

+39K(+3%)

Decreased

MNR3.9%

-3,442,321(-18%)

AM1.0%

-2,056,049(-48%)

KMI5.8%

-1,643,135(-15%)

HESM0.3%

-1,099,530(-73%)

ENB5.3%

-1,066,780(-18%)

MPLX6.5%

-963,642(-14%)

TRP5.1%

-895,144(-19%)

ET9.1%

-416,091(-2%)

ETR0.9%

-218,034(-36%)

EPD9.3%

-162,172(-1%)

Exited

KYN

-808,748

XEL

-97,379

CTRI

-98,861

SOLV ENERGY INC

-45,674

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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