Capital Innovations LLC

WAUKESHA, WI · CIK 1596076 · 13F filing filed 2026-08-11

SEC-registered investment adviser since 2011 · limited liability company

Assets managed$806.7m
Staff4 · 4 in investment roles
Main clients (by assets)Mutual funds and ETFs 99%
Websitecapinnovations.com
Form ADV · 2026-03-31SEC adviser record

$385.2m reported value +96400.7% vs Q1 2026

51positions

47.7%in top 10

51 new 0 added 0 reduced 53 sold out vs Q1 2026

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

CANTOR FITZGERALD INFRASTRUCTURE FUND – 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
1	WILLIAMS COS INC COM WMB	WMB	410,323	$30.5m7.92%	7.92%	New
2	SCHLUMBERGER LTD COM STK SLB	SLB	531,546	$24.7m6.42%	6.42%	New
3	NEXTERA ENERGY INC COM NEE	NEE	240,391	$21.1m5.48%	5.48%	New
4	VISTRA CORP COM VST	VST	124,901	$19.8m5.14%	5.14%	New
5	CANADIAN PACIFIC KANSAS CITY COM CP	CP	185,368	$16.1m4.17%	4.17%	New
6	CONSTELLATION ENERGY CORP COM CEG	CEG	63,976	$15.9m4.13%	4.13%	New
7	DIGITAL RLTY TR INC COM DLR	DLR	84,979	$15.3m3.96%	3.96%	New
8	EQT CORP COM EQT	EQT	259,594	$13.8m3.58%	3.58%	New
9	CHENIERE ENERGY INC COM NEW LNG	LNG	55,533	$13.3m3.45%	3.45%	New
10	NRG ENERGY INC COM NEW NRG	NRG	90,744	$13.3m3.44%	3.44%	New
11	UNION PAC CORP COM UNP	UNP	47,283	$12.9m3.34%	3.34%	New
12	TC ENERGY CORP COM TRP	TRP	177,391	$11.8m3.05%	3.05%	New
13	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	63,760	$11.3m2.92%	2.92%	New
14	SOUTHERN CO COM SO	SO	115,871	$11.1m2.88%	2.88%	New
15	SEMPRA COM SRE	SRE	116,533	$10.8m2.80%	2.80%	New
16	HALLIBURTON CO COM HAL	HAL	318,002	$10.8m2.80%	2.80%	New
17	ENBRIDGE INC COM ENB	ENB	184,766	$10.0m2.60%	2.60%	New
18	AMERICAN TOWER CORP NEW COM AMT	AMT	58,925	$9.6m2.50%	2.50%	New
19	DT MIDSTREAM INC COMMON STOCK DTM	DTM	54,239	$8.0m2.07%	2.07%	New
20	HA SUSTAINABLE INFRA CAP INC COM HASI	HASI	187,959	$7.3m1.91%	1.91%	New
21	WASTE MGMT INC DEL COM WM	WM	31,389	$7.0m1.82%	1.82%	New
22	NATIONAL GRID PLC SPONSORED ADR NE NGG	NGG	84,370	$7.0m1.82%	1.82%	New
23	ENTERGY CORP NEW COM ETR	ETR	56,073	$6.4m1.67%	1.67%	New
24	EDISON INTL COM EIX	EIX	85,471	$6.4m1.65%	1.65%	New
25	RWE AKTIENGESELLSCHAF-SP ADR ADR RWEOY	RWEOY	97,719	$6.3m1.65%	1.65%	New
26	BADGER METER INC COM BMI	BMI	39,375	$5.8m1.52%	1.52%	New
27	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	36,013	$4.7m1.23%	1.23%	New
28	DOMINION ENERGY INC COM D	D	61,605	$4.2m1.09%	1.09%	New
29	XYLEM INC COM XYL	XYL	34,513	$4.1m1.06%	1.06%	New
30	XCEL ENERGY INC COM XEL	XEL	49,822	$4.0m1.04%	1.04%	New
31	WASTE CONNECTIONS INC COM WCN	WCN	23,801	$4.0m1.03%	1.03%	New
32	GFL ENVIRONMENTAL INC SUB VTG SHS GFL	GFL	106,981	$3.9m1.02%	1.02%	New
33	AMERICAN ELEC PWR CO INC COM AEP	AEP	26,592	$3.6m0.94%	0.94%	New
34	EXELON CORP COM EXC	EXC	77,480	$3.6m0.94%	0.94%	New
35	Iberdrola SA ADR IBDRY	IBDRY	29,888	$3.0m0.78%	0.78%	New
36	GRUPO AEROPUERTO DEL PACIFIC SPON ADS B PAC	PAC	9,701	$3.0m0.77%	0.77%	New
37	DUKE ENERGY CORP NEW COM NEW DUK	DUK	22,975	$2.9m0.75%	0.75%	New
38	ONEOK INC NEW COM OKE	OKE	28,513	$2.5m0.64%	0.64%	New
39	PUBLIC SVC ENTERPRISE GRP IN COM PEG	PEG	27,549	$2.2m0.58%	0.58%	New
40	ULTRAPAR PARTICIPACOES SA SP ADR REP COM UGP	UGP	405,382	$2.0m0.53%	0.53%	New
41	FIRSTENERGY CORP COM FE	FE	41,927	$2.0m0.52%	0.52%	New
42	CMS ENERGY CORP COM CMS	CMS	23,622	$1.8m0.47%	0.47%	New
43	ESSENTIAL UTILS INC COM WTRG	WTRG	36,596	$1.4m0.36%	0.36%	New
44	TRANSALTA CORP COM TAC	TAC	99,595	$1.4m0.36%	0.36%	New
45	DTE ENERGY CO COM DTE	DTE	7,858	$1.2m0.31%	0.31%	New
46	GRUPO AEROPORTUARIO DEL CENT SPON ADR OMAB	OMAB	9,365	$1.1m0.27%	0.27%	New
47	ATMOS ENERGY CORP COM ATO	ATO	3,975	$685.0k0.18%	0.18%	New
48	ENEL SOCIETA PER AZIONI ADR ENLAY	ENLAY	49,779	$569.0k0.15%	0.15%	New
49	NISOURCE INC COM NI	NI	11,825	$562.0k0.15%	0.15%	New
50	ENPHASE ENERGY INC COM ENPH	ENPH	11,110	$547.0k0.14%	0.14%	New
51	T-MOBILE US INC COM TMUS	TMUS	194	$33.0k0.01%	0.01%	New

Sold out since Q1 2026

Security	Shares held before	Value then
WILLIAMS COS	410,323	$29.9k410.3k shares
SCHLUMBERGER LTD	531,546	$27.3k531.5k shares
NextEra Energy Ord Shs	240,391	$22.3k240.4k shares
Vistra Ord Shs	124,901	$18.8k124.9k shares
Constellation Energy Ord Shs	63,976	$17.9k64.0k shares
EQT CORP	259,594	$16.5k259.6k shares
Cheniere Energy Ord Shs	55,533	$15.8k55.5k shares
Digital Realty Trust REIT Ord Shs	84,979	$15.3k85.0k shares
Canadian Pacific Kansas City Ord Shs	185,368	$14.6k185.4k shares
NRG Energy Ord Shs	90,744	$13.3k90.7k shares
Halliburton Ord Shs	318,002	$12.4k318.0k shares
Union Pacific Ord Shs	47,283	$11.5k47.3k shares
Sempra Ord Shs	116,533	$11.3k116.5k shares
SOUTHERN CO	115,871	$11.2k115.9k shares
TC Energy Ord Shs	177,391	$11.1k177.4k shares
SBA Communications REIT Ord Shs Class A	63,760	$11.0k63.8k shares
American Tower REIT	58,925	$10.2k58.9k shares
Enbridge Ord Shs	184,766	$10.0k184.8k shares
DT Midstream Ord Shs	54,239	$7.3k54.2k shares
Waste Management Ord Shs	31,389	$7.2k31.4k shares
National Grid ADR repsg 5 Ord Shs	84,370	$7.1k84.4k shares
HA Sustainable Infrastructure Capital Ord Shs	187,959	$6.9k188.0k shares
RWE ADR Representing 1 Ord Shs	97,719	$6.6k97.7k shares
ENTERGY CORP NEW	56,073	$6.3k56.1k shares
Edison International Ord Shs	85,471	$6.3k85.5k shares