HFIR Energy Income Portfolio Update For 2025

By: Jon Costello

After a busy four years since the HFIR Energy Income Portfolio’s inception five years ago, 2025 turned out to be a surprisingly quiet year. We made no trades and harvested cash, keeping our positions in 14 holdings unchanged. I also carried over a cash position that increased to 10.9% over the course of the year.

Year-to-date, the portfolio gained 13.8% compared with a 9.2% total return for the Alerian MLP Index and a negative (3.8%) total return for the XOP exchange-traded fund.