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KAYNE ANDERSON CAPITAL ADVISORS LP

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13F filer, CIK 949615, LOS ANGELES, CA

KAYNE ANDERSON CAPITAL ADVISORS LP reported $4,320,303,531 across 45 holdings for the quarter ended 2025-06-30, in a 13F-HR/A filed 2025-08-11. Its ten largest share positions make up 77.04% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001140361-25-030255

Period
2025-06-30
Reported value
$4.32B
Holdings
45
Top 10 weight
77.04%
New
7
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OKEadded+670,928$54.8M
DTMadded+195,782$21.5M
LNGadded+62,459$15.2M
EEnew+440,876$12.9M
NEEnew+124,619$8.65M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
WESreduced-1,146,352-$44.4M
KNTKexited-830,122-$43.1M
AROCreduced-1,085,870-$27M
PBAreduced-690,501-$25.9M
TRGPreduced-101,759-$17.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR/A 0001140361-25-030255, largest first. % of portfolio is the value over $4,301,645,331, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
WMBWILLIAMS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,330,078 shares; 2024Q4: 7,802,806 shares; 2025Q1: 7,916,565 shares; 2025Q2: 7,933,275 shares 7,933,275$498M11.58%+16,710Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,264,067 shares; 2024Q4: 23,987,750 shares; 2025Q1: 24,170,455 shares; 2025Q2: 24,064,316 shares 24,064,316$436M10.14%-106,139Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,641,147 shares; 2024Q4: 13,588,164 shares; 2025Q1: 13,564,583 shares; 2025Q2: 13,448,640 shares 13,448,640$417M9.69%-115,943Timeline
MPLXMPLX LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,735,562 shares; 2024Q4: 5,634,573 shares; 2025Q1: 7,788,063 shares; 2025Q2: 7,619,104 shares 7,619,104$392M9.12%-168,959Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,326,658 shares; 2024Q4: 1,389,026 shares; 2025Q1: 1,494,901 shares; 2025Q2: 1,557,360 shares 1,557,360$379M8.82%+62,459Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,550,002 shares; 2024Q4: 10,233,186 shares; 2025Q1: 10,786,581 shares; 2025Q2: 10,769,870 shares 10,769,870$317M7.36%-16,711Timeline
OKEONEOK INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,298,034 shares; 2024Q4: 2,563,757 shares; 2025Q1: 2,787,580 shares; 2025Q2: 3,458,508 shares 3,458,508$282M6.56%+670,928Timeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,926,251 shares; 2024Q4: 1,468,982 shares; 2025Q1: 1,400,135 shares; 2025Q2: 1,298,376 shares 1,298,376$226M5.25%-101,759Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,198,140 shares; 2024Q4: 4,842,255 shares; 2025Q1: 4,474,699 shares; 2025Q2: 4,616,856 shares 4,616,856$225M5.24%+142,157Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,143,265 shares; 2024Q4: 3,826,865 shares; 2025Q1: 2,937,480 shares; 2025Q2: 3,098,857 shares 3,098,857$140M3.26%+161,377Timeline
WESWESTERN MIDSTREAM PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,228,448 shares; 2024Q4: 4,590,586 shares; 2025Q1: 4,575,487 shares; 2025Q2: 3,429,135 shares 3,429,135$133M3.09%-1,146,352Timeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,155,198 shares; 2024Q4: 4,062,772 shares; 2025Q1: 3,899,001 shares; 2025Q2: 3,208,500 shares 3,208,500$120M2.8%-690,501Timeline
HESMHESS MIDSTREAM LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,640,514 shares; 2024Q4: 2,608,331 shares; 2025Q1: 2,885,110 shares; 2025Q2: 2,812,481 shares 2,812,481$108M2.52%-72,629Timeline
DTMDT MIDSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,429 shares; 2024Q4: 678,536 shares; 2025Q1: 677,417 shares; 2025Q2: 873,199 shares 873,199$96M2.23%+195,782Timeline
PAAPLAINS ALL AMERN PIPELINE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,538,106 shares; 2024Q4: 5,645,979 shares; 2025Q1: 5,521,539 shares; 2025Q2: 5,119,534 shares 5,119,534$93.8M2.18%-402,005Timeline
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,349 shares; 2024Q4: 16,277 shares; 2025Q1: 155,495 shares; 2025Q2: 144,325 shares 144,325$54.6M1.27%-11,170Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,984,097 shares; 2024Q4: 2,948,391 shares; 2025Q1: 2,943,624 shares; 2025Q2: 2,825,423 shares 2,825,423$53.5M1.24%-118,201Timeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 266,730 shares; 2024Q4: 900,099 shares; 2025Q1: 650,353 shares; 2025Q2: 593,705 shares 593,705$49.3M1.15%-56,648Timeline
SRESEMPRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,020,769 shares; 2024Q4: 1,129,048 shares; 2025Q1: 658,373 shares; 2025Q2: 627,068 shares 627,068$47.5M1.1%-31,305Timeline
APDAIR PRODUCTS AND CHEMICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 159,295 shares; 2025Q1: 190,575 shares; 2025Q2: 143,520 shares 143,520$40.5M0.94%-47,055Timeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 63,666 shares; 2025Q1: 66,056 shares; 2025Q2: 83,760 shares 83,760$39.3M0.91%+17,704Timeline
AROCARCHROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,530,440 shares; 2024Q4: 1,614,264 shares; 2025Q1: 1,647,222 shares; 2025Q2: 561,352 shares 561,352$13.9M0.32%-1,085,870Timeline
EEEXCELERATE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 440,876 shares 440,876$12.9M0.3%newTimeline
KYNKAYNE ANDERSON ENERGY INFRSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,614,122 shares; 2024Q4: 1,614,122 shares; 2025Q1: 1,614,122 shares; 2025Q2: 808,748 shares 808,748$10.3M0.24%-805,374Timeline
PPLPPL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 275,254 shares; 2025Q2: 283,893 shares 283,893$9.62M0.22%+8,639Timeline
EXCEXELON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 183,844 shares; 2024Q4: 214,544 shares; 2025Q1: 264,882 shares; 2025Q2: 202,024 shares 202,024$8.77M0.2%-62,858Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 852,674 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 124,619 shares 124,619$8.65M0.2%newTimeline
PG&E CORPPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 300,000 shares; 2025Q1: 299,994 shares; 2025Q2: 202,997 shares 202,997$7.63M0.18%-96,997
KNRGSIMPLIFY EXCHANGE TRADED FUNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 298,594 shares 298,594$7.63M0.18%newTimeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,597 shares; 2025Q2: 38,687 shares 38,687$7.5M0.17%+14,090Timeline
FSLRFIRST SOLAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,001 shares; 2024Q4: 49,602 shares; 2025Q1: 39,080 shares; 2025Q2: 45,031 shares 45,031$7.45M0.17%+5,951Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 22,203 shares; 2025Q1: 25,673 shares; 2025Q2: 24,141 shares 24,141$7.02M0.16%-1,532Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 42,754 shares; 2025Q2: 38,938 shares 38,938$6.25M0.15%-3,816Timeline
XELXCEL ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,082 shares; 2024Q4: 234,178 shares; 2025Q1: 190,758 shares; 2025Q2: 86,410 shares 86,410$5.88M0.14%-104,348Timeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 40,000 shares; 2025Q1: not reported; 2025Q2: 122,000 shares 122,000$5.74M0.13%newTimeline
PEGPUBLIC SVC ENTERPRISE GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,102 shares; 2024Q4: 149,931 shares; 2025Q1: 86,468 shares; 2025Q2: 65,709 shares 65,709$5.53M0.13%-20,759Timeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,087 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 803,975 shares 803,975$4.61M0.11%newTimeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,503 shares; 2024Q4: 26,270 shares; 2025Q1: 7,904 shares; 2025Q2: 8,702 shares 8,702$4.6M0.11%+798Timeline
CEGCONSTELLATION ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,277 shares; 2024Q4: 27,392 shares; 2025Q1: 13,270 shares; 2025Q2: 13,891 shares 13,891$4.48M0.1%+621Timeline
PAGPPLAINS GP HLDGS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,690,659 shares; 2024Q4: 782,092 shares; 2025Q1: 581,933 shares; 2025Q2: 195,239 shares 195,239$3.79M0.09%-386,694Timeline
NFGNATIONAL FUEL GAS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,807 shares 36,807$3.12M0.07%newTimeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,528 shares; 2024Q4: 28,528 shares; 2025Q1: 40,407 shares; 2025Q2: 41,410 shares 41,410$3.07M0.07%+1,003Timeline
GLPGLOBAL PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,014 shares; 2024Q4: 35,014 shares; 2025Q1: 35,014 shares; 2025Q2: 31,925 shares 31,925$1.68M0.04%-3,089Timeline
KGSKODIAK GAS SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,483 shares; 2024Q4: 43,545 shares; 2025Q1: 509,073 shares; 2025Q2: 45,705 shares 45,705$1.57M0.04%-463,368Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR Optionput2,200$18.7Mnew

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
KNTKKINETIK HOLDINGS INC830,122$43.1Mshares
ARRAY TECHNOLOGIES INCARRAY TECHNOLOGIES INC12,195,000$8.93Mprincipal
PCGPG&E CORP463,495$7.96Mshares
MTZMASTEC INC45,816$5.35Mshares
EVRGEVERGY INC75,876$5.23Mshares
ENPHENPHASE ENERGY INC51,747$3.21Mshares
ARRYARRAY TECHNOLOGIES INC326,871$1.59Mshares
SUNSUNOCO LP/SUNOCO FIN CORP9,431$548Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001140361-25-029078 superseded2025-08-06acceptance time not in the bulk data set
13F-HR/A 0001140361-25-030255 baserestatement2025-08-11acceptance time not in the bulk data set