W.H. Reaves & Co.
Superinvestor profile · Rank #71 by reported 13F value (2026 Q2 filers) · CIK 0000740913 · All profiles
Founded 1961Jersey City, New Jersey, USUtilities and essential infrastructure equities, research-driven with focus on dividend growthKey person: Jay Rhame
Reported 13F value
$6.6B
Period 2026-06-30 · Filed 2026-07-30
Positions
94
Top 10 = 45.5% of value
Clone CAGR (full window)
+10.0%
2016-11-09 → 2026-10-02 · cumulative +157%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-22%
Month-end values, approximate
Latest-quarter activity
12 new · 8 exited
23 increased · 42 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-09 → 2026-10-02, 40 filings) | +10.02% | Cumulative +157.3% vs SPY +316.5% |
| Trailing 10Y | — | |
| Trailing 5Y | +10.37% | |
| Trailing 3Y | +19.95% | |
| Trailing 1Y | -3.38% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| TLN | Talen Energy Corp | 8.61% | $567M |
| ETR | Entergy Corp New Com | 5.19% | $342M |
| VST | Vistra Corp. | 4.98% | $329M |
| CEG | Constellation Energy Corp | 4.94% | $326M |
| CNP | Centerpoint Energy Inc | 4.43% | $292M |
| XEL | Xcel Energy Inc Com | 4.09% | $270M |
| IDA | Idacorp Inc Com | 4.06% | $268M |
| LNT | Alliant Energy Corp Com | 3.22% | $212M |
| GEV | Ge Vernova Inc | 3.03% | $200M |
| NI | Nisource Inc Com | 2.95% | $194M |
As reported on the 2026-06-30 Form 13F (filed 2026-07-30). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 85.4% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://insights.reavesam.com/hubfs/Reaves Asset Management ADV Part 2A 02 02 2024.pdf — Form ADV states Reaves Asset Management (W. H. Reaves & Co., Inc.) has been in business since 1961 and is based in Jersey City; founder William H. Reaves; Jay Rhame is CEO and portfolio manager.