# EDGAR Filing Document

**Accession Number:** 0001565854
**File Stem:** 0001565854-25-000005
**Filing Date:** 2025-11
**Character Count:** 18496
**Document Hash:** 9793bc290ee01cdb2032ab778bcb7885
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001565854-25-000005.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001565854-25-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Zimmer Partners, LP
- **CENTRAL INDEX KEY:** 0001565854

**ORGANIZATION NAME:**
- **EIN:** 900883937
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15382
- **FILM NUMBER:** 251486004

**BUSINESS ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212.440.0770

**MAIL ADDRESS:**
- **STREET 1:** 9 WEST 57TH STREET
- **STREET 2:** 33RD FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Zimmer Partners LP<br>**Address:** 9 WEST 57TH STREET<br>33RD FLOOR<br>NEW YORK, NY 10019

**Form 13F File Number:** 028-15382

**CRD Number (if applicable):** 000165684

**SEC File Number (if applicable):** 801-77360

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jelena Napolitano<br>**Title:** General Counsel<br>**Phone:** 212.710.4311

**Signature, Place, and Date of Signing:**

/s/Jelena Napolitano  New York, NY  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 148

**Form 13F Information Table Value Total:** $4630470593

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC | COM | 00287Y109 |  | 12711546 | 54900 | SH |  | SOLE |  | 54900 | 0 | 0 |
| ADAPTIVE BIOTECHNOLOGIES COR | COM | 00650F109 |  | 4949277 | 330834 | SH |  | SOLE |  | 330834 | 0 | 0 |
| ADT INC DEL | COM | 00090Q103 |  | 70357734 | 8077811 | SH |  | SOLE |  | 8077811 | 0 | 0 |
| AGREE RLTY CORP | COM | 008492100 |  | 384753 | 5416 | SH |  | SOLE |  | 5416 | 0 | 0 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 20454000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 4300704 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| ALLSPRING UTILITIES AND HIGH | WF UTILITIES INC | 94987E109 |  | 1594581 | 128803 | SH |  | SOLE |  | 128803 | 0 | 0 |
| AMEREN CORP | COM | 023608102 |  | 78216631 | 749345 | SH |  | SOLE |  | 749345 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 100927575 | 897134 | SH |  | SOLE |  | 897134 | 0 | 0 |
| AMRIZE LTD | SHS | H2927K103 |  | 15772250 | 325000 | SH |  | SOLE |  | 325000 | 0 | 0 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 9061200 | 270000 | SH |  | SOLE |  | 270000 | 0 | 0 |
| ARIS WATER SOLUTIONS INC | CLASS A COM | 04041L106 |  | 5979606 | 242482 | SH |  | SOLE |  | 242482 | 0 | 0 |
| ASCENDIS PHARMA A/S | SPONSORED ADR | 04351P101 |  | 3081555 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 8301104 | 108200 | SH |  | SOLE |  | 108200 | 0 | 0 |
| AUTOZONE INC | COM | 053332102 |  | 32176800 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 2252942 | 11663 | SH |  | SOLE |  | 11663 | 0 | 0 |
| BLACK HILLS CORP | COM | 092113109 |  | 67750232 | 1100020 | SH |  | SOLE |  | 1100020 | 0 | 0 |
| BLACK ROCK COFFEE BAR INC | CL A | 092244102 |  | 238600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| BOWHEAD SPECIALTY HLDGS INC | COM SHS | 10240L102 |  | 5813600 | 215000 | SH |  | SOLE |  | 215000 | 0 | 0 |
| BRIDGEBIO PHARMA INC | COM | 10806X102 |  | 9577736 | 184400 | SH |  | SOLE |  | 184400 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 8208200 | 182000 | SH |  | SOLE |  | 182000 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 7892500 | 175000 | SH | Call | SOLE |  | 175000 | 0 | 0 |
| BROWN  BROWN INC | COM | 115236101 |  | 11723750 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 8851250 | 73000 | SH |  | SOLE |  | 73000 | 0 | 0 |
| BULLISH | ORD SHS | G16910120 |  | 6997100 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| CARETRUST REIT INC | COM | 14174T107 |  | 55076348 | 1588130 | SH |  | SOLE |  | 1588130 | 0 | 0 |
| CARLSMED INC | COM | 14280C105 |  | 669500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 10149000 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 35105600 | 370000 | SH |  | SOLE |  | 370000 | 0 | 0 |
| CENTERPOINT ENERGY INC | COM | 15189T107 |  | 105353640 | 2715300 | SH |  | SOLE |  | 2715300 | 0 | 0 |
| CENTURI HOLDINGS INC | COM SHS | 155923105 |  | 15062455 | 711500 | SH |  | SOLE |  | 711500 | 0 | 0 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 2937250 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| CHESAPEAKE UTILS CORP | COM | 165303108 |  | 8646020 | 64192 | SH |  | SOLE |  | 64192 | 0 | 0 |
| CHEWY INC | CL A | 16679L109 |  | 3222004 | 79654 | SH |  | SOLE |  | 79654 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 |  | 50871744 | 694400 | SH |  | SOLE |  | 694400 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 34720350 | 645000 | SH |  | SOLE |  | 645000 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 29007642 | 100700 | SH |  | SOLE |  | 100700 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 4796000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 14565000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 2663250 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CUBESMART | COM | 229663109 |  | 1542396 | 37934 | SH |  | SOLE |  | 37934 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 2748000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 414912 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| DISC MEDICINE INC | COM | 254604101 |  | 5957971 | 90163 | SH |  | SOLE |  | 90163 | 0 | 0 |
| DUFF  PHELPS UTLITY AND INF | COM | 26433C105 |  | 361480 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 56495464 | 456529 | SH |  | SOLE |  | 456529 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 12375000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 57971325 | 154900 | SH |  | SOLE |  | 154900 | 0 | 0 |
| ELEDON PHARMACEUTICALS INC | COM | 28617K101 |  | 4726750 | 1825000 | SH |  | SOLE |  | 1825000 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 36852900 | 48300 | SH |  | SOLE |  | 48300 | 0 | 0 |
| ELI LILLY  CO | COM | 532457108 |  | 9537500 | 12500 | SH | Call | SOLE |  | 12500 | 0 | 0 |
| EQUINIX INC | COM | 29444U700 |  | 1569613 | 2004 | SH |  | SOLE |  | 2004 | 0 | 0 |
| EQUITY RESIDENTIAL | SH BEN INT | 29476L107 |  | 283258 | 4376 | SH |  | SOLE |  | 4376 | 0 | 0 |
| EVERGY INC | COM | 30034W106 |  | 21855750 | 287500 | SH | Put | SOLE |  | 287500 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 266938622 | 3752300 | SH |  | SOLE |  | 3752300 | 0 | 0 |
| EVERSOURCE ENERGY | COM | 30040W108 |  | 35570000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| EVOLUS INC | COM | 30052C107 |  | 2026200 | 330000 | SH |  | SOLE |  | 330000 | 0 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 259350 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 2545900 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| FIREFLY AEROSPACE INC | COM | 31816X106 |  | 9822200 | 335000 | SH |  | SOLE |  | 335000 | 0 | 0 |
| FOUR CORNERS PPTY TR INC | COM | 35086T109 |  | 4272245 | 175092 | SH |  | SOLE |  | 175092 | 0 | 0 |
| FRONTVIEW REIT INC | COM | 35922N100 |  | 15333374 | 1118408 | SH |  | SOLE |  | 1118408 | 0 | 0 |
| GAUZY LTD | SHS | M4757U106 |  | 4086699 | 645608 | SH |  | SOLE |  | 645608 | 0 | 0 |
| GE AEROSPACE | COM NEW | 369604301 |  | 16545100 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| GEMINI SPACE STA INC | CL A COM | 36866J105 |  | 599000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| GENUINE PARTS CO | COM | 372460105 |  | 3465000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 17264000 | 400000 | SH | Put | SOLE |  | 400000 | 0 | 0 |
| H2O AMERICA | COM | 784305104 |  | 6054189 | 124316 | SH |  | SOLE |  | 124316 | 0 | 0 |
| HEARTFLOW INC | COM | 42238D107 |  | 673200 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 20989125 | 607500 | SH |  | SOLE |  | 607500 | 0 | 0 |
| HESS MIDSTREAM LP | CL A SHS | 428103105 |  | 17275000 | 500000 | SH | Call | SOLE |  | 500000 | 0 | 0 |
| HUT 8 CORP | COM | 44812J104 |  | 1653475 | 47500 | SH |  | SOLE |  | 47500 | 0 | 0 |
| IDACORP INC | COM | 451107106 |  | 71030625 | 537500 | SH |  | SOLE |  | 537500 | 0 | 0 |
| INCYTE CORP | COM | 45337C102 |  | 4240500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| JAMES HARDIE INDS PLC | ORD SHS | G4253H101 |  | 5282750 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| JAMES RIV GROUP LTD | COM | G5005R107 |  | 25483591 | 4591638 | SH |  | SOLE |  | 4591638 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRST | COM | 486606106 |  | 3092500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 22231854 | 1369800 | SH |  | SOLE |  | 1369800 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 171844531 | 6070100 | SH |  | SOLE |  | 6070100 | 0 | 0 |
| KITE RLTY GROUP TR | COM NEW | 49803T300 |  | 281292 | 12614 | SH |  | SOLE |  | 12614 | 0 | 0 |
| KLARNA GROUP PLC | SHS | G5279N105 |  | 1832500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| KODIAK GAS SVCS INC | COM | 50012A108 |  | 108385097 | 2931704 | SH |  | SOLE |  | 2931704 | 0 | 0 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 66903957 | 2227904 | SH |  | SOLE |  | 2227904 | 0 | 0 |
| LATAM AIRLINES GROUP SA | SPONSORED ADR | 51817R205 |  | 37331250 | 825000 | SH |  | SOLE |  | 825000 | 0 | 0 |
| LEGENCE CORP | CL A | 52476L109 |  | 18486000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| LOAR HOLDINGS INC | COM SHS | 53947R105 |  | 10400000 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| LOUISIANA PAC CORP | COM | 546347105 |  | 5774600 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1678600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 8393000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| MIAMI INTL HLDGS INC | COM | 59356Q108 |  | 603900 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 10359000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| MIDDLESEX WTR CO | COM | 596680108 |  | 8364625 | 154557 | SH |  | SOLE |  | 154557 | 0 | 0 |
| MINERALYS THERAPEUTICS INC | COM | 603170101 |  | 3792000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| MIRION TECHNOLOGIES INC | COM CL A | 60471A101 |  | 4652000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| NETSKOPE INC | CL A | 64119N608 |  | 795550 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| NETSTREIT CORP | COM | 64119V303 |  | 5323727 | 294780 | SH |  | SOLE |  | 294780 | 0 | 0 |
| NEW JERSEY RES CORP | COM | 646025106 |  | 3391205 | 70430 | SH |  | SOLE |  | 70430 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 40613771 | 538002 | SH |  | SOLE |  | 538002 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 15098000 | 200000 | SH | Call | SOLE |  | 200000 | 0 | 0 |
| NIQ GLOBAL INTELLIGENCE PLC | ORDINARY SHARES | G63755105 |  | 10990000 | 700000 | SH |  | SOLE |  | 700000 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 254906364 | 5886983 | SH |  | SOLE |  | 5886983 | 0 | 0 |
| NISOURCE INC | COM | 65473P105 |  | 43300000 | 1000000 | SH | Call | SOLE |  | 1000000 | 0 | 0 |
| NVENT ELECTRIC PLC | SHS | G6700G107 |  | 10850400 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 10062563 | 137900 | SH |  | SOLE |  | 137900 | 0 | 0 |
| OPAL FUELS INC | CLASS A COM | 68347P103 |  | 1810721 | 823055 | SH |  | SOLE |  | 823055 | 0 | 0 |
| PACS GROUP INC | COM SHS | 69380Q107 |  | 4153325 | 302500 | SH |  | SOLE |  | 302500 | 0 | 0 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 26535250 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 119298287 | 7911027 | SH |  | SOLE |  | 7911027 | 0 | 0 |
| PG CORP | COM | 69331C108 |  | 296910000 | 10500000 | SH | Call | SOLE |  | 10500000 | 0 | 0 |
| PINNACLE WEST CAP CORP | COM | 723484101 |  | 13326345 | 148632 | SH |  | SOLE |  | 148632 | 0 | 0 |
| PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 |  | 53903270 | 2439062 | SH |  | SOLE |  | 2439062 | 0 | 0 |
| PROLOGIS INC. | COM | 74340W103 |  | 809656 | 7070 | SH |  | SOLE |  | 7070 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 |  | 18778500 | 225000 | SH | Put | SOLE |  | 225000 | 0 | 0 |
| QUANTA SVCS INC | COM | 74762E102 |  | 16576800 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| QXO INC | COM NEW | 82846H405 |  | 34498600 | 1810000 | SH |  | SOLE |  | 1810000 | 0 | 0 |
| RYAN SPECIALTY HOLDINGS INC | CL A | 78351F107 |  | 20289600 | 360000 | SH |  | SOLE |  | 360000 | 0 | 0 |
| SEMPRA | COM | 816851109 |  | 77004884 | 855800 | SH |  | SOLE |  | 855800 | 0 | 0 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 1408088 | 7503 | SH |  | SOLE |  | 7503 | 0 | 0 |
| SLIDE INS HLDGS INC | COM | 831349105 |  | 2170201 | 137485 | SH |  | SOLE |  | 137485 | 0 | 0 |
| SMARTSTOP SELF STORAG REIT I | COMMON STOCK | 83192D402 |  | 32094311 | 852665 | SH |  | SOLE |  | 852665 | 0 | 0 |
| SMITHFIELD FOODS INC | COM | 832248207 |  | 43126045 | 1836714 | SH |  | SOLE |  | 1836714 | 0 | 0 |
| SOLENO THERAPEUTICS INC | COM | 834203309 |  | 1662960 | 24600 | SH |  | SOLE |  | 24600 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 20075000 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| SOUTHWEST GAS HLDGS INC | COM | 844895102 |  | 60542327 | 772815 | SH |  | SOLE |  | 772815 | 0 | 0 |
| SPX TECHNOLOGIES INC | COM | 78473E103 |  | 13074600 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| STANDARDAERO INC | COM | 85423L103 |  | 27290000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| SUN CTRY AIRLS HLDGS INC | COM | 866683105 |  | 24752579 | 2095900 | SH |  | SOLE |  | 2095900 | 0 | 0 |
| SYNDAX PHARMACEUTICALS INC | COM | 87164F105 |  | 5893993 | 383100 | SH |  | SOLE |  | 383100 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 814094 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| TARGA RES CORP | COM | 87612G101 |  | 222300449 | 1326850 | SH |  | SOLE |  | 1326850 | 0 | 0 |
| TITAN AMER SA | COMMON SHARES | B9151N105 |  | 17274061 | 1156229 | SH |  | SOLE |  | 1156229 | 0 | 0 |
| TORTOISE ENERGY INFRA CORP | COM | 89147L886 |  | 3508302 | 81418 | SH |  | SOLE |  | 81418 | 0 | 0 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 50084760 | 38000 | SH |  | SOLE |  | 38000 | 0 | 0 |
| TRANSOCEAN LTD | REGISTERED SHS | H8817H100 |  | 30261666 | 9699252 | SH |  | SOLE |  | 9699252 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 191648968 | 3389018 | SH |  | SOLE |  | 3389018 | 0 | 0 |
| TXNM ENERGY INC | NOTE 5.750% 6/0 | 69349HAF4 |  | 124260745 | 95022000 | SH |  | SOLE |  | 95022000 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 2128500 | 150000 | SH | Put | SOLE |  | 150000 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 7543000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| VIPER ENERGY INC | CL A | 64361Q101 |  | 70324800 | 1840000 | SH |  | SOLE |  | 1840000 | 0 | 0 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 22083000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 |  | 14051701 | 557165 | SH |  | SOLE |  | 557165 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 28647500 | 250000 | SH | Put | SOLE |  | 250000 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 197066484 | 1106245 | SH |  | SOLE |  | 1106245 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 |  | 7402500 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| WESTLAKE CORPORATION | COM | 960413102 |  | 6935400 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| WILLIAMS COS INC | COM | 969457100 |  | 3167500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| XCEL ENERGY INC | COM | 98389B100 |  | 197673150 | 2451000 | SH |  | SOLE |  | 2451000 | 0 | 0 |
| YORK WTR CO | COM | 987184108 |  | 23046892 | 757623 | SH |  | SOLE |  | 757623 | 0 | 0 |

---