KAYNE ANDERSON CAPITAL ADVISORS LP

Private Equity

KAYNE ANDERSON CAPITAL ADVISORS LP is a Private Equity based in Houston, TX led by Albert Rabil, reporting $30.5B in AUM as of Q3 2025 with 87% Energy concentration and 76% concentrated in top 10 holdings.

CEOAlbert Rabil

Portfolio Value: $4.5B
Positions: 44
Top Holding: WMB at 10.72%
Last Reported: Q3 2025

Address717 Texas Avenue, 22nd Floor, Houston, TX, 77002, United States

Top Holdings

Largest long holdings in KAYNE ANDERSON CAPITAL ADVISORS LP's portfolio (76.3% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Williams Companies WMB	Oil & Gas Midstream Energy	$482.9M	10.72%	-$19.7M Sold	0.62% 7.6M shares	≤ Q2 2013 Held for 12y 5m+
2 Enterprise Products Partners EPD	Oil & Gas Midstream Energy	$417.6M	9.27%	-$2.9M Sold	0.62% 13.4M shares	≤ Q2 2013 Held for 12y 5m+
3 Energy Transfer ET	Oil & Gas Midstream Energy	$411.3M	9.13%	-$1.7M Sold	0.70% 24.0M shares	≤ Q2 2013 Held for 12y 5m+
4 Cheniere Energy LNG	Oil & Gas Midstream Energy	$372.9M	8.28%	+$6.9M Bought	0.72% 1.6M shares	Q1 2017 Held for 8y 8m
5 MPLX MPLX	Oil & Gas Midstream Energy	$361.3M	8.02%	-$19.2M Sold	0.71% 7.2M shares	Q4 2014 Held for 10y 11m
6 Kinder Morgan KMI	Oil & Gas Midstream Energy	$352.5M	7.83%	+$47.6M Bought	0.56% 12.5M shares	≤ Q2 2013 Held for 12y 5m+
7 TC Energy TRP	Oil & Gas Midstream Energy	$291.7M	6.48%	+$40.5M Bought	0.52% 5.4M shares	Q2 2019 Held for 6y 5m
8 Oneok OKE	Oil & Gas Midstream Energy	$259.9M	5.77%	+$7.6M Bought	0.57% 3.6M shares	≤ Q2 2013 Held for 12y 5m+
9 Mach Natural Resources MNR	Unknown Unknown	$252.9M	5.62%	+$252.9M New	— 19.2M shares	Q3 2025 Held for 2 months
10 Enbridge ENB	Oil & Gas Midstream Energy	$232.5M	5.16%	+$76.1M Bought	0.21% 4.6M shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in KAYNE ANDERSON CAPITAL ADVISORS LP's latest filing

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Market Value

$4.5B

Prior: $4.3B

Q/Q Change

+5.21%

+$223.0M

Net Flows % of MV

+5.47%

Turnover Ratio

8.63%

New Purchases

5 stocks

$256.7M

Added To

13 stocks

+$254.8M

Sold Out Of

3 stocks

$18.7M

Reduced Holdings

22 stocks

-$246.3M

Increased Positions

Position	Shares Δ	Change
1 Mach Natural Resources MNR	New	0 → 19.2M +$252.9M
2 Generac Holdings GNRC	New	0 → 12.9K +$2.2M
3 Nextpower Inc. NXT	New	0 → 10.9K +$805.5K
4 Eos Energy Enterprises, Inc. EOSE	New	0 → 41.5K +$473.0K
5 Shoals Technologies Group, Inc. SHLS	New	0 → 51.0K +$378.1K

Decreased Positions

Position	Shares Δ	Change
1 Nextra Energy NEE	Sold	124.6K → 0 −$8.7M
2 Public Service Enterprise Group PEG	Sold	65.7K → 0 −$5.5M
3 Constellation Energy CEG	Sold	13.9K → 0 −$4.5M
4 Cameco CCJ	-66.96%	41.4K → 13.7K −$2.3M
5 First Solar FSLR	-56.45%	45.0K → 19.6K −$5.6M