122 investment ideas from 75 funds across 101 stocks. Every thesis and quote on this page comes from a fund manager's own investor letter, not a 13F filing, so you can see the reasoning, risks and conviction behind each Infrastructure & Real Estate position.
LongOKESep 2026
ONEOK owns pipelines, processing facilities and storage assets that move natural gas and natural gas liquids from production regions to end markets. The fund likes the infrastructure-based model because returns are drive
LongKCR
Konecranes recovered after weaker July results as the fund viewed the Q2 shortfall as largely timing-related. The investment case is supported by an attractive valuation, 13% year-over-year growth in Q2 order intake and
LongSPIE
The fund believes investors are focusing too heavily on weakness in France, where the fibre rollout is ending and building activity is lower. It argues that SPIE's broader structural demand drivers remain intact across p
LongLB
Arauca views power and the physical infrastructure surrounding AI data centres as a clearer investment opportunity than many highly valued semiconductor or software beneficiaries. Data centres require substantial electri
LongTPL
Arauca believes the clearest remaining opportunity connected to AI is power infrastructure rather than trying to identify the next winning model or chip architecture. Every data centre requires electricity, land and wate
LongFBIN
The fund initiated a position because Fortune Brands ranked highly across several of its quantitative indicators. Free cash flow measures were particularly attractive, while the company also offered a dividend yield slig
LongCAT
Caterpillar is positioned around the fund's US Output theme and the expansion of domestic industrial investment. The strategy estimates that years of underinvestment have left a large gap in US productive capacity. Energ
LongIBE.MCAug 2026
The fund owns Iberdrola as a utility exposure with a particular focus on electricity networks. The managers expect electrification and growing power demand to require major transmission and distribution investment, while
LongACMAug 2026
The fund owns AECOM as a US-focused design and engineering company with exposure to building efficiency and renewable-energy infrastructure. The managers expect both grid and generation investment to rise as electricity
LongSPIE.PAAug 2026
The fund owns SPIE as a European electrical-engineering and building-maintenance exposure. Its services in France and Germany connect the company to the renovation, electrification and efficiency of existing buildings. T
LongCSLAug 2026
The fund owns Carlisle Companies as a high-quality building-products exposure within its energy-efficiency theme. The managers expect higher power costs and stronger efficiency standards to improve the economics of build
LongITRIAug 2026
The fund owns Itron for exposure to smarter and more efficient electricity networks. Itron has a heritage in smart meters and is increasingly providing services and consulting around its installed base to help utilities
“we believe ONEOK is well positioned to benefit from these long-term trends.”
“This gives good visibility into the second half, with a higher level of backlog than a year ago.”
“the structural demand drivers for SPIE’s services in areas such as power grids, data centres and nuclear are firmly in place.”
“We already have exposure through Texas Pacific Land Corporation and LandBridge.”
“We already have exposure through Texas Pacific Land Corporation and LandBridge.”
“The company ranks high on many cash flow measures, particularly on free cash flow indicators and pays a dividend of just over 2%, which is near median in the universe.”