Investment idea model basket

Energy Transition

Nuclear, gas, and grid — not pure solar and wind.

What is the thesis for Energy Transition?

AI-driven load growth and policy realism are reshaping the transition. This book tilts toward firm, dispatchable power and the grid that moves it.

This is a curated QuantLink model basket. It is not a filed portfolio, not a fund, and not investment advice.

Published Mar 25, 2026. Updated Apr 10, 2026. Source: QuantLink curated model basket and FastAPI ideas endpoint.

Holdings
5
Benchmark
XLE
Status
New
1Y model return
+7.1%

Performance as of Oct 11, 2026.

Thesis narrative

The pragmatist case

The energy transition will not happen exclusively through solar and wind. AI-driven load growth — forecast to add 45 GW of US data-center demand by 2029 — changes what "clean" means in practice. Firm, dispatchable, low-carbon power is the scarce resource.

Book construction

  • Nuclear (CEG, CCJ): 45% of book. Uranium fuel cycle and existing fleet.
  • Regulated utility with renewables (NEE): 20%. Still the best operator in the space.
  • Gas midstream (WMB): 18%. Bridge fuel is not going away on the 2030 horizon.
  • Grid equipment (GEV): 17%. HVDC and transformer lead times are the binding constraint.

What we're not doing

No pure-play solar/wind developer. No hydrogen. No thermal coal. These have asymmetric regulatory risk or unsolved economics.

Model basket holdings

Model basket: curated equal or target weighting, not a filed portfolio. Weights are the target basket weights returned by the live ideas endpoint.

NameSymbolModel weight
Constellation EnergyCEG25.00%
CamecoCCJ20.00%
NextEra EnergyNEE20.00%
Williams CompaniesWMB18.00%
GE VernovaGEV17.00%

Backtested performance vs XLE

Performance is backtested from the returned tearsheet series. It reflects the model basket methodology and benchmark series, not live fund returns or a filed portfolio track record. Performance as of Oct 11, 2026.

Total Return

+7.1%

↓ XLE +50.7%

Ann. Return

+7.2%

↓ XLE +51.7%

Ann. Vol

27.2%

↑ XLE 22.0%

Sharpe

0.26

↓ XLE 2.35

Max Drawdown

-18.2%

↓ XLE -15.6%

Alpha vs XLE

+12.6%

↓ hit rate 46.8%

Performance as of Oct 11, 2026.

Rolling Performance vs Benchmark

Portfolio Holdings

Holding
Weight
Country
Exchange
Sector
Industry
Mkt Cap
Price
1Y
1Y Trend
CEG
CEGConstellation Energy
25.0%
—
—
—
—
—
—
—
CCJ
CCJCameco
20.0%
—
—
—
—
—
—
—
NEE
NEENextEra Energy
20.0%
—
—
—
—
—
—
—
WMB
WMBWilliams Companies
18.0%
—
—
—
—
—
—
—
GEV
GEVGE Vernova
17.0%
—
—
—
—
—
—
—

SSR performance series fallback

The table below is the server-rendered reference series behind the interactive chart. Values show the wealth index level from a 1.00 starting value, not a second 1Y return figure. Series as of Oct 11, 2026.

DateModel basket wealth indexXLE
Oct 14, 20251.0000x1.0000x
Oct 15, 20251.0091x0.9993x
Oct 16, 20250.9903x0.9873x
Oct 17, 20250.9722x0.9954x
Oct 20, 20250.9608x1.0060x
Oct 21, 20250.9404x1.0037x
Oct 22, 20250.9308x1.0164x
Oct 23, 20250.9449x1.0301x
Oct 24, 20250.9596x1.0197x
Oct 27, 20250.9618x1.0220x
Oct 28, 20250.9935x1.0113x
Oct 29, 20250.9996x1.0190x
Oct 30, 20250.9847x1.0130x
Oct 31, 20250.9799x1.0204x
Nov 3, 20250.9811x1.0204x
Nov 4, 20250.9465x1.0095x
Nov 5, 20250.9510x1.0120x
Nov 6, 20250.9313x1.0220x
Nov 7, 20250.9565x1.0366x
Nov 10, 20250.9685x1.0461x
Nov 11, 20250.9600x1.0597x
Nov 12, 20250.9613x1.0449x
Nov 13, 20250.9236x1.0475x
Nov 14, 20250.9323x1.0653x
Nov 17, 20250.9294x1.0458x
Nov 18, 20250.9199x1.0542x
Nov 19, 20250.9485x1.0405x
Nov 20, 20250.9214x1.0287x
Nov 21, 20250.9102x1.0352x
Nov 24, 20250.9379x1.0324x
Nov 25, 20250.9442x1.0259x
Nov 26, 20250.9612x1.0336x
Nov 28, 20250.9706x1.0472x
Dec 1, 20250.9564x1.0572x
Dec 2, 20250.9644x1.0435x
Dec 3, 20250.9702x1.0632x
Dec 4, 20250.9951x1.0676x
Dec 5, 20250.9808x1.0632x
Dec 8, 20250.9675x1.0516x
Dec 9, 20250.9714x1.0581x
Dec 10, 20251.0010x1.0692x
Dec 11, 20251.0133x1.0641x
Dec 12, 20250.9761x1.0537x
Dec 15, 20250.9777x1.0463x
Dec 16, 20250.9747x1.0144x
Dec 17, 20250.9348x1.0368x
Dec 18, 20250.9619x1.0218x
Dec 19, 20250.9640x1.0218x
Dec 22, 20250.9733x1.0236x
Dec 23, 20250.9811x1.0303x
Dec 24, 20250.9850x1.0273x
Dec 26, 20250.9807x1.0234x
Dec 29, 20250.9797x1.0331x
Dec 30, 20250.9766x1.0410x
Dec 31, 20250.9719x1.0352x
Jan 2, 20261.0061x1.0570x
Jan 5, 20261.0039x1.0857x
Jan 6, 20261.0033x1.0567x
Jan 7, 20260.9857x1.0449x
Jan 8, 20260.9739x1.0778x
Jan 9, 20260.9894x1.0806x
Jan 12, 20260.9941x1.0729x
Jan 13, 20260.9982x1.0882x
Jan 14, 20260.9986x1.1128x
Jan 15, 20261.0093x1.1023x
Jan 16, 20261.0088x1.1042x
Jan 20, 20260.9980x1.1021x
Jan 21, 20261.0099x1.1287x
Jan 22, 20261.0060x1.1324x
Jan 23, 20261.0130x1.1389x
Jan 26, 20261.0070x1.1396x
Jan 27, 20261.0320x1.1500x
Jan 28, 20261.0545x1.1588x
Jan 30, 20261.0365x1.1820x
Feb 2, 20261.0228x1.1588x
Feb 3, 20261.0483x1.1963x
Feb 4, 20261.0012x1.2232x
Feb 5, 20260.9871x1.2088x
Feb 6, 20261.0181x1.2329x
Feb 9, 20261.0487x1.2420x
Feb 10, 20261.0467x1.2406x
Feb 11, 20261.0690x1.2730x
Feb 12, 20261.0631x1.2498x
Feb 13, 20261.0728x1.2584x
Feb 17, 20261.0870x1.2445x
Feb 18, 20261.0824x1.2683x
Feb 19, 20261.0898x1.2776x
Feb 20, 20261.0996x1.2707x
Feb 23, 20261.0987x1.2769x
Feb 24, 20261.1366x1.2758x
Feb 25, 20261.1452x1.2704x
Feb 26, 20261.1350x1.2746x
Feb 27, 20261.1446x1.2947x
Mar 2, 20261.1598x1.3207x
Mar 3, 20261.1330x1.3086x
Mar 4, 20261.1355x1.3010x
Mar 5, 20261.1201x1.3077x
Mar 6, 20261.0923x1.3098x
Mar 9, 20261.1178x1.3040x
Mar 10, 20261.1230x1.2873x
Mar 11, 20261.1035x1.3193x
Mar 12, 20261.0984x1.3316x
Mar 13, 20261.0805x1.3360x
Mar 16, 20261.0954x1.3406x
Mar 17, 20261.1022x1.3547x
Mar 18, 20261.1036x1.3529x
Mar 19, 20261.1084x1.3744x
Mar 20, 20261.0506x1.3732x
Mar 23, 20261.0776x1.3806x
Mar 24, 20261.0986x1.4087x
Mar 25, 20261.1086x1.4024x
Mar 26, 20261.0826x1.4244x
Mar 27, 20261.0820x1.4485x
Mar 30, 20261.0680x1.4346x
Mar 31, 20261.0778x1.4184x
Apr 1, 20261.0850x1.3654x
Apr 2, 20261.0833x1.3718x
Apr 6, 20261.0819x1.3818x
Apr 7, 20261.0878x1.3929x
Apr 8, 20261.1142x1.3441x
Apr 9, 20261.1162x1.3274x
Apr 10, 20261.1268x1.3184x
Apr 13, 20261.1256x1.3223x
Apr 14, 20261.1257x1.2954x
Apr 15, 20261.1274x1.2910x
Apr 16, 20261.1341x1.3100x
Apr 17, 20261.1381x1.2739x
Apr 20, 20261.1323x1.2751x
Apr 21, 20261.1051x1.2936x
Apr 22, 20261.1595x1.3091x
Apr 23, 20261.1819x1.3193x
Apr 24, 20261.1987x1.3167x
Apr 27, 20261.1942x1.3144x
Apr 28, 20261.1749x1.3362x
Apr 29, 20261.1528x1.3668x
Apr 30, 20261.2073x1.3811x
May 1, 20261.1891x1.3626x
May 4, 20261.1955x1.3751x
May 5, 20261.1952x1.3765x
May 6, 20261.2124x1.3197x
May 7, 20261.1705x1.2954x
May 8, 20261.1550x1.2897x
May 11, 20261.1749x1.3237x
May 12, 20261.1634x1.3329x
May 13, 20261.1434x1.3343x
May 14, 20261.1506x1.3445x
May 15, 20261.1191x1.3762x
May 18, 20261.0915x1.4026x
May 19, 20261.0935x1.4191x
May 20, 20261.1104x1.3846x
May 21, 20261.1239x1.3691x
May 22, 20261.1295x1.3774x
May 26, 20261.1421x1.3394x
May 27, 20261.1161x1.3195x
May 28, 20261.1094x1.3186x
May 29, 20261.1044x1.3033x
Jun 1, 20261.0673x1.3267x
Jun 2, 20261.1016x1.3420x
Jun 3, 20261.0814x1.3593x
Jun 4, 20261.0833x1.3603x
Jun 5, 20261.0467x1.3353x
Jun 8, 20261.0411x1.3505x
Jun 9, 20261.0353x1.3288x
Jun 10, 20261.0033x1.3487x
Jun 11, 20261.0218x1.3225x
Jun 12, 20261.0436x1.3325x
Jun 15, 20261.0710x1.2862x
Jun 16, 20261.0793x1.2818x
Jun 17, 20261.0846x1.2658x
Jun 18, 20261.1117x1.2450x
Jun 22, 20261.1207x1.2517x
Jun 23, 20261.1067x1.2609x
Jun 24, 20261.1072x1.2403x
Jun 25, 20261.1111x1.2524x
Jun 26, 20261.1044x1.2466x
Jun 29, 20261.1006x1.2406x
Jun 30, 20261.0937x1.2297x
Jul 1, 20261.0570x1.2227x
Jul 2, 20261.0606x1.2322x
Jul 6, 20261.0734x1.2301x
Jul 7, 20261.0571x1.2651x
Jul 8, 20261.0595x1.2873x
Jul 9, 20261.0688x1.2693x
Jul 10, 20261.0739x1.2753x
Jul 13, 20261.0589x1.3137x
Jul 14, 20261.0717x1.3186x
Jul 15, 20261.0651x1.3082x
Jul 16, 20261.0483x1.3202x
Jul 17, 20261.0438x1.3355x
Jul 20, 20261.0468x1.3415x
Jul 21, 20261.0629x1.3545x
Jul 22, 20261.0707x1.3707x
Jul 23, 20261.0803x1.3749x
Jul 24, 20261.0693x1.3804x
Jul 27, 20261.0548x1.3512x
Jul 28, 20261.0291x1.3329x
Jul 29, 20261.0116x1.3580x
Jul 30, 20261.0423x1.3651x
Jul 31, 20261.0379x1.3788x
Aug 3, 20261.0559x1.3612x
Aug 4, 20261.0642x1.3549x
Aug 5, 20261.0623x1.3269x
Aug 6, 20261.0503x1.3466x
Aug 7, 20261.0624x1.3313x
Aug 10, 20261.0669x1.3934x
Aug 11, 20261.0855x1.4107x
Aug 12, 20261.0955x1.4131x
Aug 13, 20261.0931x1.4138x
Aug 14, 20261.1056x1.4334x
Aug 17, 20261.1015x1.4489x
Aug 18, 20261.0762x1.4744x
Aug 19, 20261.0792x1.4721x
Aug 20, 20261.0624x1.4760x
Aug 21, 20261.0694x1.4735x
Aug 24, 20261.0691x1.4612x
Aug 25, 20261.0814x1.4369x
Aug 26, 20261.0976x1.4455x
Aug 27, 20261.0960x1.4422x
Aug 28, 20261.0637x1.4513x
Aug 31, 20261.0613x1.4809x
Sep 1, 20261.0632x1.4997x
Sep 2, 20261.0777x1.5073x
Sep 3, 20261.0861x1.4962x
Sep 4, 20261.0983x1.4832x
Sep 8, 20261.1124x1.4997x
Sep 9, 20261.0953x1.5122x
Sep 10, 20261.0694x1.5034x
Sep 11, 20261.0730x1.5082x
Sep 14, 20261.0265x1.4941x
Sep 15, 20261.0168x1.5265x
Sep 16, 20261.0204x1.4825x
Sep 17, 20261.0325x1.4929x
Sep 18, 20261.0235x1.4890x
Sep 21, 20261.0324x1.4462x
Sep 22, 20261.0348x1.4304x
Sep 23, 20261.0217x1.4441x
Sep 24, 20261.0090x1.4494x
Sep 25, 20261.0088x1.4364x
Sep 28, 20261.0000x1.4378x
Sep 29, 20261.0060x1.4249x
Sep 30, 20260.9912x1.4239x
Oct 1, 20261.0052x1.4517x
Oct 2, 20261.0075x1.4545x
Oct 5, 20261.0223x1.4691x
Oct 6, 20261.0819x1.4760x
Oct 7, 20261.0615x1.4670x
Oct 8, 20261.0476x1.5105x
Oct 9, 20261.0636x1.5068x

Themes and category

Investment ideaEnergy TransitionAI Infrastructure

Methodology and caveats

QuantLink fetches this idea from the live FastAPI ideas endpoints and renders the returned title, thesis, holdings, themes, benchmark, and tearsheet fields directly. Missing fields are left unavailable rather than fabricated.

Holdings are a curated model basket. They are not 13F filings, not insider filings, not adviser holdings, and not a claim that any person or fund owns the basket.

Backtested performance depends on the returned basket weights, benchmark, rebalancing assumptions, available price history, and calculation choices in the tearsheet endpoint. Backtests can differ materially from live results and do not include every cost, tax, capacity, liquidity, or execution constraint an investor may face.

Equal-weight and target-weight baskets can drift between rebalance points. Rebalancing can increase turnover, and concentrated thematic baskets can have higher drawdowns than a broad market benchmark.

Frequently asked questions

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QuantLink is a research tool, not investment advice. This page shows a curated model basket and backtested performance, not a filed portfolio, fund return, or recommendation to buy or sell securities.