KAYNE ANDERSON CAPITAL ADVISORS LP

LOS ANGELES, CA · CIK 949615 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 1994 · limited partnership

Assets managed$34.1bn
Staff310 · 142 in investment roles
Main clients (by assets)Private funds 93%, Insurers 2%
Private funds82 (20 hedge) · $36.4bn gross assets
Main officeHouston, TX
Form ADV · 2026-08-06SEC adviser record

Legal entityKAYNE ANDERSON CAPITAL ADVISORS, L.P. (US)

$5.1bn reported value -2.3% vs Q1 2026

53positions

71.6%in top 10

9 new 20 added 21 reduced 4 sold out vs Q1 2026

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

KA Fund Advisors LLC – no 13F of its own this quarter

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	WILLIAMS COS INC COM WMB	WMB	6,729,960	$500.3m9.81%	9.81%	Added +26.7k	+26,717 0.4%
2	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	12,869,425	$473.1m9.28%	9.28%	Reduced -162.2k	-162,172 -1.2%
3	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	24,166,229	$462.1m9.06%	9.06%	Reduced -416.1k	-416,091 -1.7%
4	CHENIERE ENERGY INC COM NEW LNG	LNG	1,908,577	$456.2m8.95%	8.95%	Added +247.0k	+246,955 14.9%
5	ONEOK INC NEW COM OKE	OKE	3,864,249	$336.0m6.59%	6.59%	Reduced -212	-212 -0.0%
6	MPLX LP COM UNIT REP LTD MPLX	MPLX	5,862,925	$330.3m6.48%	6.48%	Reduced -963.6k	-963,642 -14.1%
7	KINDER MORGAN INC DEL COM KMI	KMI	9,310,932	$297.7m5.84%	5.84%	Reduced -1.6m	-1,643,135 -15.0%
8	ENBRIDGE INC COM ENB	ENB	5,029,159	$272.6m5.35%	5.35%	Reduced -1.1m	-1,066,780 -17.5%
9	TARGA RES CORP COM TRGP	TRGP	970,898	$260.3m5.11%	5.11%	Added +193.3k	+193,295 24.9%
10	TC ENERGY CORP COM TRP	TRP	3,922,519	$260.0m5.10%	5.10%	Reduced -895.1k	-895,144 -18.6%
11	MACH NATURAL RESOURCES LP COM UNIT LTD PAR MNR	MNR	15,517,713	$196.1m3.85%	3.85%	Reduced -3.4m	-3,442,321 -18.2%
12	WESTERN MIDSTREAM PARTNERS L COM UNIT LP INT WES	WES	3,928,197	$171.9m3.37%	3.37%	Added +10.1k	+10,106 0.3%
13	PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN PAA	PAA	6,191,802	$137.8m2.70%	2.70%	Reduced -8.8k	-8,834 -0.1%
14	PEMBINA PIPELINE CORP COM PBA	PBA	2,112,513	$97.7m1.92%	1.92%	Added +506.0k	+505,980 31.5%
15	DT MIDSTREAM INC COMMON STOCK DTM	DTM	644,326	$94.5m1.85%	1.85%	Reduced -5.7k	-5,650 -0.9%
16	KODIAK GAS SVCS INC COM KGS	KGS	1,128,985	$84.8m1.66%	1.66%	Added +506.0k	+506,016 81.2%
17	SEMPRA COM SRE	SRE	791,520	$73.4m1.44%	1.44%	Added +15.1k	+15,118 1.9%
18	VENTURE GLOBAL INC COM CL A VG	VG	5,743,473	$63.9m1.25%	1.25%	New
19	CENTERPOINT ENERGY INC COM CNP	CNP	1,282,748	$56.5m1.11%	1.11%	Added +38.5k	+38,530 3.1%
20	SUNOCOCORP LLC COM SHS LLC SUNC	SUNC	819,337	$55.4m1.09%	1.09%	Added +602.4k	+602,448 277.8%
21	MARATHON PETE CORP COM MPC	MPC	206,525	$52.8m1.04%	1.04%	Added +46.5k	+46,537 29.1%
22	ANTERO MIDSTREAM CORP COM AM	AM	2,192,659	$49.9m0.98%	0.98%	Reduced -2.1m	-2,056,049 -48.4%
23	ENTERGY CORP NEW COM ETR	ETR	384,367	$44.1m0.87%	0.87%	Reduced -218.0k	-218,034 -36.2%
24	ARCHROCK INC COM AROC	AROC	964,888	$39.3m0.77%	0.77%	Reduced -31.6k	-31,580 -3.2%
25	EXCELERATE ENERGY INC CL A COM EE	EE	664,577	$25.2m0.50%	0.50%	Added +18.0k	+18,042 2.8%
26	SOUTHWEST GAS HLDGS INC COM SWX	SWX	266,765	$23.7m0.46%	0.46%	Added +50.1k	+50,085 23.1%
27	OCCIDENTAL PETE CORP COM OXY	OXY	346,953	$16.9m0.33%	0.33%	New
28	BP PLC SPONSORED ADR BP	BP	441,511	$16.3m0.32%	0.32%	New
29	HESS MIDSTREAM LP CL A SHS HESM	HESM	411,563	$15.5m0.30%	0.30%	Reduced -1.1m	-1,099,530 -72.8%
30	GLOBAL PARTNERS LP COM UNITS GLP	GLP	285,481	$13.3m0.26%	0.26%	Added +253.6k	+253,556 794.2%
31	CHEVRON CORP NEW COM CVX	CVX	72,254	$12.0m0.23%	0.23%	New
32	SIMPLIFY EXCHANGE TRADED FUN KAYNE ANDERSON KNRG	KNRG	399,553	$10.3m0.20%	0.20%	Unchanged
33	PPL CORP COM PPL	PPL	277,802	$10.1m0.20%	0.20%	Added +77.8k	+77,760 38.9%
34	DOMINION ENERGY INC COM D	D	134,767	$9.2m0.18%	0.18%	New
35	AMERICAN ELEC PWR CO INC COM AEP	AEP	61,748	$8.4m0.17%	0.17%	Added +26.5k	+26,485 75.1%
36	IDACORP INC COM IDA	IDA	49,090	$7.4m0.15%	0.15%	Added +10.6k	+10,588 27.5%
37	GE VERNOVA INC COM GEV	GEV	5,845	$6.9m0.13%	0.13%	Reduced -1.0k	-1,028 -15.0%
38	USA COMPRESSION PARTNERS LP COMUNIT LTDPAR USAC	USAC	250,946	$6.6m0.13%	0.13%	Unchanged
39	NRG ENERGY INC COM NEW NRG	NRG	41,996	$6.1m0.12%	0.12%	Reduced -22.2k	-22,243 -34.6%
40	QUANTA SVCS INC COM PWR	PWR	7,362	$5.3m0.10%	0.10%	Reduced -1.0k	-1,007 -12.0%
41	PLAINS GP HLDGS L P LTD PARTNR INT A PAGP	PAGP	197,711	$4.8m0.09%	0.09%	Unchanged
42	NATIONAL FUEL GAS CO COM NFG	NFG	59,763	$4.6m0.09%	0.09%	Reduced -46.6k	-46,559 -43.8%
43	SUNOCO LP/SUNOCO FIN CORP COM UT REP LP SUN	SUN	57,396	$3.9m0.08%	0.08%	New
44	CAMECO CORP COM CCJ	CCJ	37,214	$3.8m0.07%	0.07%	Added +3.1k	+3,075 9.0%
45	LOEWS CORP COM L	L	24,744	$2.8m0.05%	0.05%	New
46	CONSTELLATION ENERGY CORP COM CEG	CEG	11,084	$2.8m0.05%	0.05%	Reduced -5.1k	-5,096 -31.5%
47	POWELL INDS INC COM POWL	POWL	9,572	$2.7m0.05%	0.05%	Added +155	+155 1.6%
48	TALEN ENERGY CORP COM TLN	TLN	6,928	$2.7m0.05%	0.05%	Reduced -4.6k	-4,621 -40.0%
49	PRIMORIS SVCS CORP COM PRIM	PRIM	25,359	$2.5m0.05%	0.05%	New
50	VISTRA CORP COM VST	VST	15,553	$2.5m0.05%	0.05%	Reduced -18.9k	-18,859 -54.8%
51	FIRST SOLAR INC COM FSLR	FSLR	9,730	$2.3m0.05%	0.05%	Added +5.0k	+4,961 104.0%
52	BWX TECHNOLOGIES INC COM BWXT	BWXT	8,536	$1.7m0.03%	0.03%	Added +137	+137 1.6%
53	EROCK INC CL A COM EROC	EROC	49,000	$710.5k0.01%	0.01%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
KAYNE ANDERSON ENERGY INFRST KYN	KYN	808,748	$11.5m808.7k shares
XCEL ENERGY INC XEL	XEL	97,379	$7.7m97.4k shares
CENTURI HOLDINGS INC CTRI	CTRI	98,861	$2.9m98.9k shares
SOLV ENERGY INC MWH	MWH	45,674	$1.4m45.7k 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
MACH NATURAL RESOURCES LP MNR · 13G · filed 2026-04-08	MNR	9.2%≈ $196.1m	-2.2 pts	13G	2026-04-08