13F Insight
DOSSIER · 13F-HR · Q1 2026

First Reserve GP XIII Ltd

$53M in tracked AUM across 1 positions as of Q1 2026.

FR
CIK 0001706604 · last filed Mar 31, 2026
Total AUM
$53M
as of Q1 2026
Holdings
1
—
positions
Whale Score
65
65
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

First Reserve GP XIII Ltd presents a highly concentrated portfolio with a total market value of approximately $468.15 million as of the reporting period ended September 30, 2025. The portfolio consists of only two holdings, indicating an extreme high-conviction strategy with zero diversification across individual securities. The total portfolio value decreased by 4.0% during the quarter, declining from $487.47 million in the previous quarter. This reduction in value is at...

Key Holdings

The portfolio is dominated by Energy Transfer LP (ET), which accounts for $400.52 million or 85.55% of the total assets. The position consists of 23.34 million shares, representing a massive, foundational bet on this midstream energy infrastructure company. Given the size of this stake relative to the total portfolio, First Reserve GP XIII Ltd is heavily leveraged to the operational success and cash flow distribution of Energy Transfer.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
VTS
VITESSE ENERGY INC
$53M2.9M100.0%

Filing history

2026Q1Mar 31
$53M▼ 88.0%
1 positionsView →2025Q4Dec 31
$441M▼ 5.8%
2 positionsView →2025Q3Sep 30
$468M▼ 4.0%
2 positionsView →2025Q2Jun 30
$487M▼ 3.6%
2 positionsLocked2025Q1Mar 31
$505M▲ 10.6%
2 positionsLocked2024Q4Dec 31
$457M▲ 22.1%
1 positionsLocked2024Q3Sep 30
$375M▼ 1.0%
1 positionsLocked2024Q2Jun 30
$379M▲ 3.1%
1 positionsLocked2024Q1Mar 31
$367M▲ 14.0%
1 positionsLocked2023Q4Dec 31
$322M▼ 2.3%
1 positionsLocked2023Q3Sep 30
$330M▲ 10.5%
1 positionsLocked2023Q2Jun 30
$299M▲ 6.2%
1 positionsLocked
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