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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 $4,403,873,297 across 44 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 75.25% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-26-005335

Period
2025-12-31
Reported value
$4.4B
Holdings
44
Top 10 weight
75.25%
New
5
Sold out
11

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CNPnew+1,234,928$47.3M
WESadded+482,250$19M
AMadded+932,720$16.6M
HESMadded+282,643$9.75M
OKEadded+68,993$5.07M

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
PWRreduced-83,292-$35.2M
TRGPreduced-165,280-$30.5M
APDexited-99,667-$27.2M
NEEexited-182,000-$9.08M
PG&E CORPreduced-219,997-$9.02M

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, Q4 2025

Share positions as resolved from 13F-HR 0001140361-26-005335, largest first. % of portfolio is the value over $4,403,873,297, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,330,078 shares; 2024Q4: 7,802,806 shares; 2025Q1: 7,916,565 shares; 2025Q2: 7,933,275 shares; 2025Q3: 7,622,814 shares; 2025Q4: 7,651,554 shares 7,651,554$460M10.44%+28,740Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,641,147 shares; 2024Q4: 13,588,164 shares; 2025Q1: 13,564,583 shares; 2025Q2: 13,448,640 shares; 2025Q3: 13,356,060 shares; 2025Q4: 13,349,349 shares 13,349,349$428M9.72%-6,711Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,264,067 shares; 2024Q4: 23,987,750 shares; 2025Q1: 24,170,455 shares; 2025Q2: 24,064,316 shares; 2025Q3: 23,966,952 shares; 2025Q4: 23,954,947 shares 23,954,947$395M8.97%-12,005Timeline
MPLXMPLX LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,735,562 shares; 2024Q4: 5,634,573 shares; 2025Q1: 7,788,063 shares; 2025Q2: 7,619,104 shares; 2025Q3: 7,233,767 shares; 2025Q4: 7,227,400 shares 7,227,400$386M8.76%-6,367Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,550,002 shares; 2024Q4: 10,233,186 shares; 2025Q1: 10,786,581 shares; 2025Q2: 10,769,870 shares; 2025Q3: 12,452,111 shares; 2025Q4: 12,618,029 shares 12,618,029$347M7.88%+165,918Timeline
LNGCHENIERE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,326,658 shares; 2024Q4: 1,389,026 shares; 2025Q1: 1,494,901 shares; 2025Q2: 1,557,360 shares; 2025Q3: 1,586,927 shares; 2025Q4: 1,572,403 shares 1,572,403$306M6.94%-14,524Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,198,140 shares; 2024Q4: 4,842,255 shares; 2025Q1: 4,474,699 shares; 2025Q2: 4,616,856 shares; 2025Q3: 5,361,657 shares; 2025Q4: 5,347,680 shares 5,347,680$294M6.68%-13,977Timeline
OKEONEOK INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,298,034 shares; 2024Q4: 2,563,757 shares; 2025Q1: 2,787,580 shares; 2025Q2: 3,458,508 shares; 2025Q3: 3,562,032 shares; 2025Q4: 3,631,025 shares 3,631,025$267M6.06%+68,993Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,143,265 shares; 2024Q4: 3,826,865 shares; 2025Q1: 2,937,480 shares; 2025Q2: 3,098,857 shares; 2025Q3: 4,607,157 shares; 2025Q4: 4,597,108 shares 4,597,108$220M4.99%-10,049Timeline
MNRMACH NATURAL RESOURCES LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 19,187,581 shares; 2025Q4: 19,187,581 shares 19,187,581$212M4.81%0Timeline
TRGPTARGA RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,926,251 shares; 2024Q4: 1,468,982 shares; 2025Q1: 1,400,135 shares; 2025Q2: 1,298,376 shares; 2025Q3: 1,030,133 shares; 2025Q4: 864,853 shares 864,853$160M3.62%-165,280Timeline
WESWESTERN MIDSTREAM PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,228,448 shares; 2024Q4: 4,590,586 shares; 2025Q1: 4,575,487 shares; 2025Q2: 3,429,135 shares; 2025Q3: 3,418,843 shares; 2025Q4: 3,901,093 shares 3,901,093$154M3.5%+482,250Timeline
DTMDT MIDSTREAM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 692,429 shares; 2024Q4: 678,536 shares; 2025Q1: 677,417 shares; 2025Q2: 873,199 shares; 2025Q3: 866,991 shares; 2025Q4: 863,526 shares 863,526$103M2.35%-3,465Timeline
PAAPLAINS ALL AMERN PIPELINE LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,538,106 shares; 2024Q4: 5,645,979 shares; 2025Q1: 5,521,539 shares; 2025Q2: 5,119,534 shares; 2025Q3: 5,119,534 shares; 2025Q4: 5,119,534 shares 5,119,534$91.9M2.09%0Timeline
SRESEMPRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,020,769 shares; 2024Q4: 1,129,048 shares; 2025Q1: 658,373 shares; 2025Q2: 627,068 shares; 2025Q3: 969,238 shares; 2025Q4: 958,278 shares 958,278$84.6M1.92%-10,960Timeline
AMANTERO MIDSTREAM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,984,097 shares; 2024Q4: 2,948,391 shares; 2025Q1: 2,943,624 shares; 2025Q2: 2,825,423 shares; 2025Q3: 3,602,274 shares; 2025Q4: 4,534,994 shares 4,534,994$80.7M1.83%+932,720Timeline
PBAPEMBINA PIPELINE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,155,198 shares; 2024Q4: 4,062,772 shares; 2025Q1: 3,899,001 shares; 2025Q2: 3,208,500 shares; 2025Q3: 1,767,889 shares; 2025Q4: 1,765,768 shares 1,765,768$67.2M1.53%-2,121Timeline
HESMHESS MIDSTREAM LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,640,514 shares; 2024Q4: 2,608,331 shares; 2025Q1: 2,885,110 shares; 2025Q2: 2,812,481 shares; 2025Q3: 1,362,975 shares; 2025Q4: 1,645,618 shares 1,645,618$56.8M1.29%+282,643Timeline
ETRENTERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 266,730 shares; 2024Q4: 900,099 shares; 2025Q1: 650,353 shares; 2025Q2: 593,705 shares; 2025Q3: 622,876 shares; 2025Q4: 612,471 shares 612,471$56.6M1.29%-10,405Timeline
CNPCENTERPOINT ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,234,928 shares 1,234,928$47.3M1.08%newTimeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 63,666 shares; 2025Q1: 66,056 shares; 2025Q2: 83,760 shares; 2025Q3: 83,475 shares; 2025Q4: 83,411 shares 83,411$35.6M0.81%-64Timeline
EEEXCELERATE ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 440,876 shares; 2025Q3: 781,623 shares; 2025Q4: 911,121 shares 911,121$25.6M0.58%+129,498Timeline
AROCARCHROCK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,530,440 shares; 2024Q4: 1,614,264 shares; 2025Q1: 1,647,222 shares; 2025Q2: 561,352 shares; 2025Q3: 553,647 shares; 2025Q4: 551,897 shares 551,897$14.4M0.33%-1,750Timeline
PPLPPL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 275,254 shares; 2025Q2: 283,893 shares; 2025Q3: 452,711 shares; 2025Q4: 376,110 shares 376,110$13.2M0.3%-76,601Timeline
KYNKAYNE ANDERSON ENERGY INFRSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,614,122 shares; 2024Q4: 1,614,122 shares; 2025Q1: 1,614,122 shares; 2025Q2: 808,748 shares; 2025Q3: 808,748 shares; 2025Q4: 808,748 shares 808,748$10M0.23%0Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 42,754 shares; 2025Q2: 38,938 shares; 2025Q3: 55,472 shares; 2025Q4: 52,381 shares 52,381$8.34M0.19%-3,091Timeline
EXCEXELON CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 183,844 shares; 2024Q4: 214,544 shares; 2025Q1: 264,882 shares; 2025Q2: 202,024 shares; 2025Q3: 175,249 shares; 2025Q4: 191,092 shares 191,092$8.33M0.19%+15,843Timeline
KNRGSIMPLIFY EXCHANGE TRADED FUNQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 298,594 shares; 2025Q3: 298,594 shares; 2025Q4: 298,594 shares 298,594$7.72M0.18%0Timeline
NFGNATIONAL FUEL GAS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 36,807 shares; 2025Q3: 95,206 shares; 2025Q4: 94,501 shares 94,501$7.57M0.17%-705Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 22,203 shares; 2025Q1: 25,673 shares; 2025Q2: 24,141 shares; 2025Q3: 15,951 shares; 2025Q4: 15,761 shares 15,761$5.91M0.13%-190Timeline
XELXCEL ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 224,082 shares; 2024Q4: 234,178 shares; 2025Q1: 190,758 shares; 2025Q2: 86,410 shares; 2025Q3: 142,420 shares; 2025Q4: 76,694 shares 76,694$5.66M0.13%-65,726Timeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,503 shares; 2024Q4: 26,270 shares; 2025Q1: 7,904 shares; 2025Q2: 8,702 shares; 2025Q3: 8,392 shares; 2025Q4: 8,292 shares 8,292$5.42M0.12%-100Timeline
CTRICENTURI HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 198,161 shares 198,161$5M0.11%newTimeline
AQNALGONQUIN POWER & UTILITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,087 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 803,975 shares; 2025Q3: 780,103 shares; 2025Q4: 770,878 shares 770,878$4.74M0.11%-9,225Timeline
PG&E CORPPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 300,000 shares; 2025Q1: 299,994 shares; 2025Q2: 202,997 shares; 2025Q3: 327,997 shares; 2025Q4: 108,000 shares 108,000$4.43M0.1%-219,997
PWRQUANTA SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,349 shares; 2024Q4: 16,277 shares; 2025Q1: 155,495 shares; 2025Q2: 144,325 shares; 2025Q3: 93,642 shares; 2025Q4: 10,350 shares 10,350$4.37M0.1%-83,292Timeline
POWLPOWELL INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 11,059 shares 11,059$3.53M0.08%newTimeline
PAGPPLAINS GP HLDGS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,690,659 shares; 2024Q4: 782,092 shares; 2025Q1: 581,933 shares; 2025Q2: 195,239 shares; 2025Q3: 179,048 shares; 2025Q4: 175,372 shares 175,372$3.36M0.08%-3,676Timeline
AESAES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 401,903 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 231,750 shares 231,750$3.32M0.08%newTimeline
NEENEXTERA ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 25,000 shares; 2025Q4: 60,000 shares 60,000$2.92M0.07%+35,000Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 313,888 shares 313,888$2.89M0.07%newTimeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,528 shares; 2024Q4: 28,528 shares; 2025Q1: 40,407 shares; 2025Q2: 41,410 shares; 2025Q3: 13,681 shares; 2025Q4: 29,545 shares 29,545$2.7M0.06%+15,864Timeline
KGSKODIAK GAS SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 93,483 shares; 2024Q4: 43,545 shares; 2025Q1: 509,073 shares; 2025Q2: 45,705 shares; 2025Q3: 41,899 shares; 2025Q4: 41,035 shares 41,035$1.53M0.03%-864Timeline
GLPGLOBAL PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 35,014 shares; 2024Q4: 35,014 shares; 2025Q1: 35,014 shares; 2025Q2: 31,925 shares; 2025Q3: 31,925 shares; 2025Q4: 31,925 shares 31,925$1.34M0.03%0Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
APDAIR PRODUCTS AND CHEMICALS I99,667$27.2Mshares
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR2,000$17.9Mput
NEENEXTERA ENERGY INC182,000$9.08Mshares
VSTVISTRA CORP29,783$5.84Mshares
FSLRFIRST SOLAR INC19,612$4.33Mshares
XOPSPDR SERIES TRUST255$3.37Mput
GNRCGENERAC HLDGS INC12,897$2.16Mshares
NXTNEXTPOWER INC10,887$806Kshares
EOSEEOS ENERGY ENTERPRISES INC41,526$473Kshares
ARRYARRAY TECHNOLOGIES INC48,072$392Kshares
SHLSSHOALS TECHNOLOGIES GROUP IN51,026$378Kshares

How Q4 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 0001140361-26-005335 base2026-02-13acceptance time not in the bulk data set