GraniteShares HIPS US High Income ETF (HIPS) Holdings
HIPS holdings summary
as of Oct 25, 2026- Holdings
- 39 positions listed
- Top 10 weight
- 29.5% of net assets
- Effective holdings
- 38 equal-weight equivalent
- Largest holding
- DMLP 3.15% Dorchester Minerals, L.P.
- Annual turnover
- 108.8% of the portfolio traded
All HIPS holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | DMLP | Dorchester Minerals, L.P. | Energy | 3.15% | $3.0M | $1.49B | 17.4 |
| 2 | ARLP | Alliance Resource Partners, L.P. | Energy | 3.05% | $2.9M | $3.31B | 12.6 |
| 3 | MPLX | MPLX LP | Energy | 3.02% | $2.8M | $59.02B | 12.5 |
| 4 | KRP | Kimbell Royalty Partners, LP | Energy | 3.00% | $2.8M | $2.09B | 19.2 |
| 5 | EPD | Enterprise Products Partners L.P. | Energy | 2.97% | $2.8M | $79.51B | 12.8 |
| 6 | BSM | Black Stone Minerals, L.P. | Energy | 2.92% | $2.8M | $3.20B | 12.5 |
| 7 | UAN | CVR Partners LP | Basic Materials | 2.87% | $2.7M | — | — |
| 8 | CII | BlackRock Enhanced Capital and Income Closed Fund | Financial Services | 2.86% | $2.7M | — | — |
| 9 | CSWC | Capital Southwest Corporation | Financial Services | 2.85% | $2.7M | $1.47B | 12.8 |
| 10 | DKL | Delek Logistics Partners, LP | Energy | 2.76% | $2.6M | $3.32B | 19.9 |
| 11 | FSK | FS KKR Capital Corp. | Financial Services | 2.72% | $2.6M | $2.85B | — |
| 12 | PAA | Plains All American Pipeline, L.P. | Energy | 2.62% | $2.5M | $17.82B | 21.8 |
| 13 | BBDC | Barings BDC, Inc. | Financial Services | 2.59% | $2.4M | $883.7M | 10.3 |
| 14 | NMFC | New Mountain Finance Corporation | Financial Services | 2.58% | $2.4M | $636.6M | — |
| 15 | WES | Western Midstream Partners, LP | Energy | 2.55% | $2.4M | $18.44B | 14.1 |
| 16 | FTF | Franklin Templeton Limited Duration | Financial Services | 2.52% | $2.4M | — | — |
| 17 | JFR | Nuveen Floating Rate Income Closed Fund | Financial Services | 2.50% | $2.4M | — | — |
| 18 | GBDC | Golub Capital BDC, Inc. | Financial Services | 2.49% | $2.3M | $3.15B | 18.4 |
| 19 | NHS | Neuberger Berman High Yield Strategies | Financial Services | 2.43% | $2.3M | — | — |
| 20 | HIX | Western Asset High Income II Closed Fund | Financial Services | 2.42% | $2.3M | — | — |
| 21 | GSBD | Goldman Sachs BDC, Inc. | Financial Services | 2.41% | $2.3M | $982.7M | 16.8 |
| 22 | FRA | BlackRock Floating Rate Income Strategies Closed Fund | Financial Services | 2.36% | $2.2M | — | — |
| 23 | AGNC | AGNC Investment Corp. | Real Estate | 2.32% | $2.2M | $10.34B | 4.4 |
| 24 | EHI | Western Asset Global High Income Closed Fund | Financial Services | 2.32% | $2.2M | — | — |
| 25 | PFLT | PennantPark Floating Rate Capital Ltd. | Financial Services | 2.28% | $2.2M | $645.9M | 12.8 |
| 26 | EFC | Ellington Financial Inc. | Real Estate | 2.27% | $2.1M | $1.53B | 7.2 |
| 27 | PHK | PIMCO High Income Fund | Financial Services | 2.24% | $2.1M | — | — |
| 28 | DSU | BlackRock Debt Strategies Closed Fund | Financial Services | 2.24% | $2.1M | — | — |
| 29 | AAYA | ANNALY CAP.MGMT DL -01 | Other | 2.19% | $2.1M | — | — |
| 30 | NCDL | Nuveen Churchill Direct Lending Corp. | Financial Services | 2.18% | $2.1M | $524.5M | 11.2 |
| 31 | PFL | Pimco Income Strategy Closed Fund | Financial Services | 2.15% | $2.0M | — | — |
| 32 | PMT | PennyMac Mortgage Investment Trust | Real Estate | 2.12% | $2.0M | $641.8M | 4.8 |
| 33 | ARR | ARMOUR Residential REIT, Inc. | Real Estate | 2.11% | $2.0M | $1.87B | 3.3 |
| 34 | DX | Dynex Capital, Inc. | Real Estate | 2.09% | $2.0M | $2.71B | 3.8 |
| 35 | BXMT | Blackstone Mortgage Trust, Inc. | Real Estate | 2.06% | $1.9M | $1.77B | 131.6 |
| 36 | STWD | Starwood Property Trust, Inc. | Real Estate | 2.00% | $1.9M | $4.73B | 20.8 |
| 37 | ORC | Orchid Island Capital, Inc. | Real Estate | 1.86% | $1.8M | $981.1M | 3.0 |
| 38 | ABR | Arbor Realty Trust, Inc. | Real Estate | 1.81% | $1.7M | $545.3M | 29.9 |
| 39 | PSEC | Prospect Capital Corporation | Financial Services | 1.70% | $1.6M | $854.1M | 26.7 |
Weights as a percentage of net assets. Value held = weight × net assets ($94.3M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
HIPS sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 45.8% | 19 | CII, CSWC, FSK |
| Energy | 26.0% | 9 | DMLP, ARLP, MPLX |
| Real Estate | 18.6% | 9 | AGNC, EFC, PMT |
| Basic Materials | 2.9% | 1 | UAN |
| Other | 2.2% | 1 | AAYA |
Sum of the weights of the holdings in each sector.
HIPS top industries
HIPS overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| IWM | iShares Russell 2000 ETF | 0.3% | 7 of 1,962 | 0.19% |
| VXUS | Vanguard Total International Stock ETF | 0.1% | 2 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.1% | 10 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the HIPS portfolio
GraniteShares HIPS US High Income ETF holds 39 positions. The ten largest make up 29.5% of the fund, so it behaves like a portfolio of about 38 equally weighted stocks. The biggest positions are Dorchester Minerals, L.P. (3.15%), Alliance Resource Partners, L.P. (3.05%), MPLX LP (3.02%), Kimbell Royalty Partners, LP (3.00%), Enterprise Products Partners L.P. (2.97%).
By sector, Financial Services is 45.8%, Energy is 26.0%, Real Estate is 18.6%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: HIPS chart, HIPS performance, HIPS dividends, HIPS bond profile, HIPS overview.
HIPS holdings FAQ
How many holdings does HIPS have?
HIPS holds 39 positions as of October 25, 2026.
What are the top 10 holdings of HIPS?
The ten largest holdings are Dorchester Minerals, L.P. (3.15%), Alliance Resource Partners, L.P. (3.05%), MPLX LP (3.02%), Kimbell Royalty Partners, LP (3.00%), Enterprise Products Partners L.P. (2.97%), Black Stone Minerals, L.P. (2.92%), CVR Partners LP (2.87%), BlackRock Enhanced Capital and Income Closed Fund (2.86%), Capital Southwest Corporation (2.85%), Delek Logistics Partners, LP (2.76%). Together they are 29.5% of the fund.
What percentage of HIPS is Dorchester Minerals, L.P.?
Dorchester Minerals, L.P. is the largest holding at 3.15% of net assets, about $3.0M of the fund's $94.3M.
Which sector is the largest in HIPS?
Financial Services is the largest sector at 45.8%, followed by Energy (26.0%) and Real Estate (18.6%), based on the sectors of the individual holdings.
How concentrated is HIPS?
The top 10 holdings are 29.5% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) HIPS behaves like a portfolio of about 38 equally weighted stocks.