Reaves W H & CO
Reaves W H & CO Long Term Value Strategy
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 9 investment theses and positions in 14 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year — follow all of Reaves W H & CO for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD · LTV Wrap Composite, net
- YTD+20.9%index +5.3%
- 1Y+22.9%index +7.1%
- 3Y · /yr+18.3%index +15.5%
- 5Y · /yr+8.1%index +9.6%
- 10Y · /yr+7.5%index +7.5%
- Inception · /yr+8.3%index +8.7%
Index: MSCI USA Infrastructure Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Reaves W H & CO Long Term Value Strategy | +20.9% | +22.9% | +18.3% | +8.1% | +7.5% | +8.3% |
| MSCI USA Infrastructure Index | +5.3% | +7.1% | +15.5% | +9.6% | +7.5% | +8.7% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Shares of Corning doubled during the quarter as management used an investor day to once again deliver strong, positive revisions to its multi-year outlook.
Also held
Its investment theses
- Lumentum HoldingsSep 2026Lumentum Holdings supplies optical components for data centers and telecom networks, with AI-driven demand and strong guidance supporting further earnings upside.
- Cheniere EnergySep 2026Cheniere Energy is expanding LNG infrastructure and securing long-term contracts at attractive returns, supported by strong operations and backlog.
- Constellation EnergySep 2026Constellation Energy owns nuclear capacity and is winning long-term contracts at premium pricing, improving earnings visibility and long-term growth.
- Johnson Controls InternationalSep 2026Johnson Controls International benefits from reindustrialization and data center demand, with management initiatives expected to improve margins and earnings growth.
- Talen EnergySep 2026Talen Energy has a high-quality development pipeline and management is signaling confidence through a large share repurchase program.
- NiSourceSep 2026NiSource has an opportunity to win data center agreements through GenCo, supporting new generation and future earnings growth.
- Dycom IndustriesJun 2026Dycom Industries is benefiting from strong fiber deployment demand, expanding data center projects, improving margins, and an attractive valuation.
- CoherentJun 2026Coherent is exposed to undersupplied hyperscaler optics demand, pricing power, and margin expansion from aggressive capacity ramping.
- Talen EnergyJun 2026Talen Energy has a clearer regulatory path to serve data center demand, with multi-year free cash flow growth supported by accretive generation assets and strong power fundamentals.