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Heronetta Management, L.P.

CIK:0001588225
Investment Adviser
$324M AUM
25 holdings
New York, NY, United States
Founded:2007
5 employees
Latest filing:Jun 30, 2025

Independent investment product manager specializing in high-yielding assets in the energy infrastructure sector, with a focus on Master Limited Partnerships (MLPs), General Partners of MLPs, and C-Corps. The firm employs a conservative, long-term, tax-advantaged investment strategy for high-net-worth individuals, institutions, and qualified plans.

Investment Strategy

Tax-advantaged, long-term investing in publicly traded natural resource vehicles (MLPs, GP of MLPs, C-Corps), with additional focus on high-yielding Canadian listed securities in energy infrastructure.

Latest 13F Filing Activity

Heronetta Management, L.P. filed their most recent 13F report on Jun 30, 2025 disclosing 25 equity positions with a total 13F market value of $180M. The fund increased holdings in Emera Inc., Williams Cos Inc., Canadian Pacific Kansas City among other positions. Heronetta Management, L.P. reduced exposure to Oneok Inc. New, Enterprise Prods Partners L, Pembina Pipeline Corp. among others.

Top Buys
E
EMRAFEMERA INC
+$4.1M
W
WMBWILLIAMS COS INC
+$842.6K
C
CPCANADIAN PACIFIC KANSAS CITY
+$642.1K
T
TRPTC ENERGY CORP
+$350.8K
T
TACTRANSALTA CORP
+$214.5K
Top Sells
O
OKEONEOK INC NEW
-$2.8M
E
EPDENTERPRISE PRODS PARTNERS L
-$1.7M
P
PBAPEMBINA PIPELINE CORP
-$1.2M
M
MPLXMPLX LP
-$715.7K
S
SUSUNCOR ENERGY INC NEW
-$621.7K

Top Holdings

M
MPLXMPLX LP
+10.2%$18.3M
W
WMBWILLIAMS COS INC
+9.7%$17.4M
E
EPDENTERPRISE PRODS PARTNERS L
+9.5%$17.0M
E
ETENERGY TRANSFER L P
+8.9%$16.0M
O
OKEONEOK INC NEW
+7.1%$12.8M

Equity Positions (25)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
MPLX LP10.22%$18.3M356,064$33.43$51.51-$715.7K
WILLIAMS COS INC9.67%$17.4M276,277$26.49$62.81+$842.6K
ENTERPRISE PRODS PARTNERS L9.49%$17.0M549,248$25.53$31.01-$1.7M
ENERGY TRANSFER L P8.93%$16.0M884,154$12.45$18.13-$406.7K
ONEOK INC NEW7.13%$12.8M156,802$59.19$81.63-$2.8M

Industry Allocation

NATURAL GAS TRANSMISSION
+40.4%
PIPE LINES (NO NATURAL GAS)
+20.0%
RAILROADS, LINE-HAUL OPERATING
+8.9%
CRUDE PETROLEUM & NATURAL GAS
+6.9%
NATURAL GAS TRANSMISISON & DISTRIBUTION
+6.2%