REAVES W H & CO INC

JERSEY CITY, NJ · CIK 740913 · 13F filing filed 2026-07-30

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$6.6bn reported value +9.4% vs Q1 2026

94positions

45.5%in top 10

12 new 23 added 42 reduced 8 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

VIRTUS ADVISERS, LLC – files its own report too; $1.4m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TALEN ENERGY CORP COM TLN	TLN	1,476,664	$567.4m8.61%	8.61%	Reduced -34.0k	-34,033 -2.2%
2	ENTERGY CORP NEW COM ETR	ETR	2,978,267	$342.1m5.19%	5.19%	Added +735.5k	+735,495 32.8%
3	VISTRA CORP COM VST	VST	2,070,918	$328.5m4.98%	4.98%	Reduced -23.6k	-23,629 -1.1%
4	CONSTELLATION ENERGY CORP COM CEG	CEG	1,310,640	$325.5m4.94%	4.94%	Added +107.1k	+107,127 8.9%
5	CENTERPOINT ENERGY INC COM CNP	CNP	6,627,665	$291.9m4.43%	4.43%	Reduced -375.5k	-375,455 -5.4%
6	XCEL ENERGY INC COM XEL	XEL	3,358,472	$269.7m4.09%	4.09%	Reduced -190.4k	-190,437 -5.4%
7	IDACORP INC COM IDA	IDA	1,770,065	$267.8m4.06%	4.06%	Reduced -30.4k	-30,413 -1.7%
8	ALLIANT ENERGY CORP COM LNT	LNT	2,784,686	$212.4m3.22%	3.22%	Reduced -208.7k	-208,740 -7.0%
9	GE VERNOVA INC COM GEV	GEV	169,847	$199.5m3.03%	3.03%	Reduced -5.2k	-5,205 -3.0%
10	NISOURCE INC COM NI	NI	4,088,685	$194.4m2.95%	2.95%	Reduced -23.7k	-23,660 -0.6%
11	CORNING INC COM GLW	GLW	714,933	$182.6m2.77%	2.77%	Reduced -48.3k	-48,260 -6.3%
12	EQUINIX INC COM EQIX	EQIX	173,604	$181.0m2.75%	2.75%	Reduced -212	-212 -0.1%
13	QUANTA SVCS INC COM PWR	PWR	246,303	$177.3m2.69%	2.69%	Reduced -4.0k	-3,981 -1.6%
14	SEMPRA COM SRE	SRE	1,898,237	$176.0m2.67%	2.67%	Reduced -169.8k	-169,782 -8.2%
15	DT MIDSTREAM INC COMMON STOCK DTM	DTM	1,075,353	$157.8m2.39%	2.39%	Added +142.9k	+142,870 15.3%
16	WILLIAMS COS INC COM WMB	WMB	2,114,150	$157.2m2.38%	2.38%	Added +24.4k	+24,390 1.2%
17	CMS ENERGY CORP COM CMS	CMS	1,909,154	$146.1m2.22%	2.22%	Reduced -205.1k	-205,100 -9.7%
18	MP MATERIALS CORP COM CL A MP	MP	2,606,844	$146.0m2.22%	2.22%	Reduced -1.9k	-1,926 -0.1%
19	AMERICAN ELEC PWR CO INC COM AEP	AEP	994,697	$136.1m2.06%	2.06%	Added +650.0k	+649,975 188.6%
20	DYCOM INDS INC COM DY	DY	263,260	$133.1m2.02%	2.02%	Added +15.1k	+15,120 6.1%
21	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	3,493,940	$128.4m1.95%	1.95%	Unchanged
22	NEXTERA ENERGY INC COM NEE	NEE	1,439,436	$126.3m1.92%	1.92%	Added +123.3k	+123,295 9.4%
23	CAMECO CORP COM CCJ	CCJ	1,125,240	$114.6m1.74%	1.74%	Reduced -1.6k	-1,645 -0.1%
24	CANADIAN PACIFIC KANSAS CITY COM CP	CP	1,252,277	$108.5m1.65%	1.65%	Added +174.1k	+174,086 16.1%
25	PINNACLE WEST CAP CORP COM PNW	PNW	913,786	$97.8m1.48%	1.48%	Reduced -164.3k	-164,260 -15.2%
26	WEC ENERGY GROUP INC COM WEC	WEC	822,305	$96.0m1.46%	1.46%	Added +259.3k	+259,348 46.1%
27	AMEREN CORP COM AEE	AEE	846,298	$95.7m1.45%	1.45%	Reduced -226.3k	-226,275 -21.1%
28	NRG ENERGY INC COM NEW NRG	NRG	640,357	$93.5m1.42%	1.42%	Reduced -93.9k	-93,928 -12.8%
29	DTE ENERGY CO COM DTE	DTE	581,441	$88.6m1.34%	1.34%	Added +257.7k	+257,736 79.6%
30	COHERENT CORP COM COHR	COHR	213,055	$84.0m1.28%	1.28%	Added +7.2k	+7,224 3.5%
31	OGE ENERGY CORP COM OGE	OGE	1,513,586	$73.7m1.12%	1.12%	Reduced -90.0k	-90,023 -5.6%
32	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	322,464	$56.9m0.86%	0.86%	Unchanged
33	ARISTA NETWORKS INC COM SHS ANET	ANET	312,537	$53.1m0.81%	0.81%	Reduced -102.7k	-102,703 -24.7%
34	ITG INC COM ITG	ITG	3,125,000	$50.0m0.76%	0.76%	New
35	EQT CORP COM EQT	EQT	939,843	$50.0m0.76%	0.76%	Reduced -149.9k	-149,914 -13.8%
36	CHENIERE ENERGY INC COM NEW LNG	LNG	183,209	$43.8m0.66%	0.66%	Added +159.2k	+159,209 663.4%
37	USA RARE EARTH INC COM USAR	USAR	2,000,000	$43.2m0.65%	0.65%	Reduced -320.0k	-320,000 -13.8%
38	CENTRUS ENERGY CORP CL A LEU	LEU	226,429	$38.0m0.58%	0.58%	Added +14.5k	+14,511 6.8%
39	MPLX LP COM UNIT REP LTD MPLX	MPLX	670,500	$37.8m0.57%	0.57%	Unchanged
40	AMERICAN TOWER CORP NEW COM AMT	AMT	211,538	$34.6m0.52%	0.52%	Added +113.5k	+113,501 115.8%
41	LUMENTUM HLDGS INC COM LITE	LITE	39,906	$34.2m0.52%	0.52%	Reduced -1.9k	-1,909 -4.6%
42	X-ENERGY, INC RESTRICTED SHARE COM COM		1,891,802	$31.3m0.47%	0.47%	New
43	DIGITAL RLTY TR INC COM DLR	DLR	167,437	$30.1m0.46%	0.46%	Added +73.4k	+73,415 78.1%
44	T-MOBILE US INC COM TMUS	TMUS	174,266	$29.2m0.44%	0.44%	Added +67.3k	+67,297 62.9%
45	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	128,200	$27.8m0.42%	0.42%	Added +59.0k	+59,000 85.3%
46	IRON MTN INC DEL COM IRM	IRM	212,533	$26.8m0.41%	0.41%	Reduced -1.0k	-1,016 -0.5%
47	RICE ACQUISITION CORP 3 UNIT 99/99/9999 KRSP.U	KRSP.U	2,400,000	$25.7m0.39%	0.39%	Unchanged
48	TIC SOLUTIONS INC COM TIC	TIC	3,145,735	$25.4m0.39%	0.39%	Added +69.6k	+69,565 2.3%
49	NATIONAL FUEL GAS CO COM NFG	NFG	314,465	$24.3m0.37%	0.37%	Unchanged
50	DOMINION ENERGY INC COM D	D	300,000	$20.5m0.31%	0.31%	New
51	TAMBORAN RES CORP COM TBN	TBN	615,001	$20.0m0.30%	0.30%	Added +445.0k	+445,001 261.8%
52	VERTIV HOLDINGS CO COM CL A VRT	VRT	51,434	$17.2m0.26%	0.26%	Reduced -21.4k	-21,446 -29.4%
53	MARATHON PETE CORP COM MPC	MPC	56,500	$14.4m0.22%	0.22%	Reduced -164.1k	-164,115 -74.4%
54	FERVO ENERGY CO CL A COM FRVO	FRVO	450,000	$13.2m0.20%	0.20%	New
55	SHARONAI HOLDINGS INC - Restri COM COM		181,871	$12.5m0.19%	0.19%	New
56	FORGENT POWER SOLUTIONS INC COM SHS CL A FPS	FPS	200,000	$11.2m0.17%	0.17%	New
57	UNITIL CORP COM UTL	UTL	206,918	$10.9m0.17%	0.17%	Reduced -41.4k	-41,357 -16.7%
58	JOHNSON CTLS INTL PLC SHS JCI	JCI	63,360	$9.3m0.14%	0.14%	Added +13.7k	+13,694 27.6%
59	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	17,591	$8.8m0.13%	0.13%	Reduced -135	-135 -0.8%
60	YORK WTR CO COM YORW	YORW	275,000	$8.4m0.13%	0.13%	New
61	ALBEMARLE CORP COM ALB	ALB	50,000	$6.8m0.10%	0.10%	New
62	EROCK INC CL A COM EROC	EROC	435,000	$6.3m0.10%	0.10%	New
63	SJW GROUP COM HTO	HTO	100,000	$6.1m0.09%	0.09%	Unchanged
64	WATERBRIDGE INFRASTRUCTURE L CL A SHS REPSTG WBI	WBI	170,000	$5.8m0.09%	0.09%	Reduced -280.0k	-280,000 -62.2%
65	X-ENERGY INC COM CL A XE	XE	300,000	$5.5m0.08%	0.08%	New
66	COMCAST CORP NEW CL A CMCSA	CMCSA	195,002	$4.8m0.07%	0.07%	Added +168.8k	+168,802 644.3%
67	LITHIUM AMERS CORP NEW COM SHS LAC	LAC	1,240,000	$4.8m0.07%	0.07%	Unchanged
68	UNION PAC CORP COM UNP	UNP	17,060	$4.6m0.07%	0.07%	Reduced -50.1k	-50,100 -74.6%
69	F5 INC COM FFIV	FFIV	10,669	$4.4m0.07%	0.07%	Added +2.1k	+2,080 24.2%
70	REAVES UTIL INCOME FD COM SH BEN INT UTG	UTG	85,747	$3.5m0.05%	0.05%	Added +1.2k	+1,185 1.4%
71	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	39,619	$3.2m0.05%	0.05%	Reduced -175.5k	-175,484 -81.6%
72	ATMOS ENERGY CORP COM ATO	ATO	15,795	$2.7m0.04%	0.04%	Reduced -865	-865 -5.2%
73	SOLV ENERGY INC COM SHS CL A MWH	MWH	75,000	$2.6m0.04%	0.04%	Reduced -325.0k	-325,000 -81.2%
74	CHESAPEAKE UTILS CORP COM CPK	CPK	20,000	$2.4m0.04%	0.04%	Unchanged
75	SOUTHERN CO COM SO	SO	23,267	$2.2m0.03%	0.03%	Reduced -1.5k	-1,500 -6.1%
76	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	14,000	$2.2m0.03%	0.03%	Unchanged
77	EXXON MOBIL CORP COM XOM	XOM	12,800	$1.8m0.03%	0.03%	Unchanged
78	APPLE INC COM AAPL	AAPL	4,800	$1.4m0.02%	0.02%	Unchanged
79	DUKE ENERGY CORP NEW COM NEW DUK	DUK	8,264	$1.0m0.02%	0.02%	Reduced -13	-13 -0.2%
80	Deutsche Telekom AG ADR COM DTEGY	DTEGY	38,342	$1.0m0.02%	0.02%	Reduced -57	-57 -0.1%
81	ONEOK INC NEW COM OKE	OKE	11,563	$1.0m0.02%	0.02%	Reduced -247	-247 -2.1%
82	PROLOGIS INC. COM PLD	PLD	7,356	$996.5k0.02%	0.02%	Unchanged
83	PG&E CORP COM PCG	PCG	55,378	$931.5k0.01%	0.01%	Reduced -43.7k	-43,726 -44.1%
84	PHILIP MORRIS INTL INC COM PM	PM	5,000	$904.5k0.01%	0.01%	Unchanged
85	EVERGY INC COM EVRG	EVRG	10,078	$871.0k0.01%	0.01%	Reduced -9	-9 -0.1%
86	JOHNSON & JOHNSON COM JNJ	JNJ	3,278	$832.5k0.01%	0.01%	Unchanged
87	NEW JERSEY RES CORP COM NJR	NJR	14,603	$818.4k0.01%	0.01%	Reduced -12	-12 -0.1%
88	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	5,845	$769.1k0.01%	0.01%	Reduced -300	-300 -4.9%
89	PPG INDS INC COM PPG	PPG	5,000	$606.5k0.01%	0.01%	Unchanged
90	ALTRIA GROUP INC COM MO	MO	8,000	$575.6k0.01%	0.01%	Unchanged
91	CHEVRON CORP NEW COM CVX	CVX	3,416	$566.2k0.01%	0.01%	Reduced -48	-48 -1.4%
92	BLACK HILLS CORP COM BKH	BKH	6,744	$501.8k0.01%	0.01%	New
93	SPIRE INC COM SR	SR	5,594	$436.8k0.01%	0.01%	New
94	BAKER HUGHES COMPANY CL A BKR	BKR	5,000	$277.5k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PPL CORP PPL	PPL	3,706,113	$141.6m3.7m shares
X-ENERGY REACTOR CO. LLC SERIE		1,891,802	$27.5m1.9m shares
CROWN CASTLE INC CCI	CCI	287,589	$23.4m287.6k shares
TXNM ENERGY INC TXNM	TXNM	41,188	$2.4m41.2k shares
LINDE PLC LIN	LIN	4,349	$2.2m4.3k shares
COGENT COMMUNICATIONS HLDGS CCOI	CCOI	28,098	$529.4k28.1k shares
EXELON CORP EXC	EXC	7,990	$391.7k8.0k shares
VERIZON COMMUNICATIONS INC VZ	VZ	4,665	$234.2k4.7k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
RICE ACQUISITION CORP 3 KRSP.U · 13G · filed 2026-02-06	KRSP.U	8.0%≈ $25.7m	new	13G	2026-02-06