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
+24.9%

Performance as of Sep 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 Sep 11, 2026.

Total Return

+24.9%

↓ XLE +46.5%

Ann. Return

+25.4%

↓ XLE +47.4%

Ann. Vol

26.6%

↑ XLE 21.8%

Sharpe

0.95

↓ XLE 2.18

Max Drawdown

-17.2%

↓ XLE -15.6%

Alpha vs XLE

+28.6%

↓ hit rate 48.8%

Performance as of Sep 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 Sep 11, 2026.

DateModel basket wealth indexXLE
Sep 12, 20251.0000x1.0000x
Sep 15, 20251.0256x0.9966x
Sep 16, 20250.9961x1.0133x
Sep 17, 20251.0026x1.0158x
Sep 18, 20251.0101x1.0126x
Sep 19, 20251.0290x0.9991x
Sep 22, 20251.0514x0.9896x
Sep 23, 20251.0456x1.0065x
Sep 24, 20251.0460x1.0196x
Sep 25, 20251.0402x1.0289x
Sep 26, 20251.0487x1.0384x
Sep 29, 20251.0484x1.0192x
Sep 30, 20251.0427x1.0084x
Oct 1, 20251.0664x1.0084x
Oct 2, 20251.0730x0.9982x
Oct 3, 20251.0779x1.0036x
Oct 6, 20251.0892x1.0086x
Oct 7, 20251.0927x1.0102x
Oct 8, 20251.1085x1.0043x
Oct 9, 20251.1195x0.9905x
Oct 10, 20251.0971x0.9619x
Oct 13, 20251.1365x0.9749x
Oct 14, 20251.1442x0.9749x
Oct 15, 20251.1547x0.9743x
Oct 16, 20251.1331x0.9625x
Oct 17, 20251.1124x0.9704x
Oct 20, 20251.0994x0.9808x
Oct 21, 20251.0760x0.9786x
Oct 22, 20251.0651x0.9910x
Oct 23, 20251.0812x1.0043x
Oct 24, 20251.0980x0.9941x
Oct 27, 20251.1005x0.9964x
Oct 28, 20251.1368x0.9860x
Oct 29, 20251.1437x0.9935x
Oct 30, 20251.1267x0.9876x
Oct 31, 20251.1212x0.9948x
Nov 3, 20251.1226x0.9948x
Nov 4, 20251.0830x0.9842x
Nov 5, 20251.0882x0.9867x
Nov 6, 20251.0657x0.9964x
Nov 7, 20251.0945x1.0106x
Nov 10, 20251.1082x1.0199x
Nov 11, 20251.0984x1.0332x
Nov 12, 20251.0999x1.0187x
Nov 13, 20251.0569x1.0212x
Nov 14, 20251.0667x1.0386x
Nov 17, 20251.0634x1.0196x
Nov 18, 20251.0526x1.0278x
Nov 19, 20251.0853x1.0144x
Nov 20, 20251.0543x1.0029x
Nov 21, 20251.0414x1.0093x
Nov 24, 20251.0731x1.0065x
Nov 25, 20251.0804x1.0002x
Nov 26, 20251.0999x1.0077x
Nov 28, 20251.1106x1.0210x
Dec 1, 20251.0943x1.0307x
Dec 2, 20251.1034x1.0174x
Dec 3, 20251.1102x1.0366x
Dec 4, 20251.1386x1.0409x
Dec 5, 20251.1222x1.0366x
Dec 8, 20251.1071x1.0253x
Dec 9, 20251.1115x1.0316x
Dec 10, 20251.1453x1.0424x
Dec 11, 20251.1594x1.0375x
Dec 12, 20251.1169x1.0273x
Dec 15, 20251.1186x1.0201x
Dec 16, 20251.1153x0.9889x
Dec 17, 20251.0696x1.0108x
Dec 18, 20251.1006x0.9962x
Dec 19, 20251.1030x0.9962x
Dec 22, 20251.1137x0.9980x
Dec 23, 20251.1226x1.0045x
Dec 24, 20251.1270x1.0016x
Dec 26, 20251.1221x0.9977x
Dec 29, 20251.1210x1.0072x
Dec 30, 20251.1174x1.0149x
Dec 31, 20251.1120x1.0093x
Jan 2, 20261.1512x1.0305x
Jan 5, 20261.1486x1.0585x
Jan 6, 20261.1479x1.0302x
Jan 7, 20261.1279x1.0187x
Jan 8, 20261.1144x1.0508x
Jan 9, 20261.1321x1.0535x
Jan 12, 20261.1375x1.0460x
Jan 13, 20261.1421x1.0609x
Jan 14, 20261.1427x1.0849x
Jan 15, 20261.1548x1.0747x
Jan 16, 20261.1543x1.0765x
Jan 20, 20261.1419x1.0745x
Jan 21, 20261.1555x1.1005x
Jan 22, 20261.1511x1.1041x
Jan 23, 20261.1591x1.1104x
Jan 26, 20261.1522x1.1111x
Jan 27, 20261.1809x1.1212x
Jan 28, 20261.2066x1.1298x
Jan 30, 20261.1860x1.1524x
Feb 2, 20261.1703x1.1298x
Feb 3, 20261.1995x1.1664x
Feb 4, 20261.1456x1.1926x
Feb 5, 20261.1295x1.1786x
Feb 6, 20261.1649x1.2020x
Feb 9, 20261.1999x1.2108x
Feb 10, 20261.1976x1.2095x
Feb 11, 20261.2232x1.2411x
Feb 12, 20261.2164x1.2185x
Feb 13, 20261.2275x1.2269x
Feb 17, 20261.2437x1.2133x
Feb 18, 20261.2385x1.2366x
Feb 19, 20261.2470x1.2456x
Feb 20, 20261.2582x1.2388x
Feb 23, 20261.2572x1.2449x
Feb 24, 20261.3005x1.2438x
Feb 25, 20261.3103x1.2386x
Feb 26, 20261.2987x1.2427x
Feb 27, 20261.3097x1.2623x
Mar 2, 20261.3271x1.2876x
Mar 3, 20261.2964x1.2758x
Mar 4, 20261.2993x1.2684x
Mar 5, 20261.2816x1.2749x
Mar 6, 20261.2499x1.2770x
Mar 9, 20261.2790x1.2713x
Mar 10, 20261.2850x1.2551x
Mar 11, 20261.2626x1.2862x
Mar 12, 20261.2569x1.2982x
Mar 13, 20261.2364x1.3025x
Mar 16, 20261.2534x1.3070x
Mar 17, 20261.2612x1.3208x
Mar 18, 20261.2628x1.3190x
Mar 19, 20261.2683x1.3400x
Mar 20, 20261.2022x1.3388x
Mar 23, 20261.2331x1.3460x
Mar 24, 20261.2570x1.3734x
Mar 25, 20261.2684x1.3673x
Mar 26, 20261.2388x1.3887x
Mar 27, 20261.2380x1.4122x
Mar 30, 20261.2220x1.3986x
Mar 31, 20261.2332x1.3828x
Apr 1, 20261.2414x1.3312x
Apr 2, 20261.2395x1.3375x
Apr 6, 20261.2380x1.3472x
Apr 7, 20261.2446x1.3580x
Apr 8, 20261.2749x1.3104x
Apr 9, 20261.2772x1.2941x
Apr 10, 20261.2893x1.2853x
Apr 13, 20261.2879x1.2892x
Apr 14, 20261.2880x1.2630x
Apr 15, 20261.2900x1.2587x
Apr 16, 20261.2976x1.2772x
Apr 17, 20261.3022x1.2420x
Apr 20, 20261.2956x1.2431x
Apr 21, 20261.2645x1.2612x
Apr 22, 20261.3267x1.2763x
Apr 23, 20261.3523x1.2862x
Apr 24, 20261.3716x1.2837x
Apr 27, 20261.3664x1.2815x
Apr 28, 20261.3443x1.3027x
Apr 29, 20261.3191x1.3325x
Apr 30, 20261.3814x1.3465x
May 1, 20261.3606x1.3284x
May 4, 20261.3679x1.3406x
May 5, 20261.3676x1.3420x
May 6, 20261.3872x1.2867x
May 7, 20261.3393x1.2630x
May 8, 20261.3216x1.2573x
May 11, 20261.3443x1.2905x
May 12, 20261.3312x1.2995x
May 13, 20261.3084x1.3009x
May 14, 20261.3166x1.3108x
May 15, 20261.2805x1.3418x
May 18, 20261.2490x1.3675x
May 19, 20261.2512x1.3835x
May 20, 20261.2706x1.3499x
May 21, 20261.2860x1.3348x
May 22, 20261.2924x1.3429x
May 26, 20261.3068x1.3059x
May 27, 20261.2770x1.2865x
May 28, 20261.2694x1.2856x
May 29, 20261.2636x1.2707x
Jun 1, 20261.2212x1.2935x
Jun 2, 20261.2604x1.3084x
Jun 3, 20261.2373x1.3253x
Jun 4, 20261.2396x1.3262x
Jun 5, 20261.1977x1.3018x
Jun 8, 20261.1912x1.3167x
Jun 9, 20261.1846x1.2955x
Jun 10, 20261.1480x1.3149x
Jun 11, 20261.1691x1.2894x
Jun 12, 20261.1941x1.2991x
Jun 15, 20261.2254x1.2540x
Jun 16, 20261.2350x1.2497x
Jun 17, 20261.2410x1.2341x
Jun 18, 20261.2720x1.2138x
Jun 22, 20261.2824x1.2203x
Jun 23, 20261.2663x1.2293x
Jun 24, 20261.2668x1.2093x
Jun 25, 20261.2713x1.2210x
Jun 26, 20261.2636x1.2153x
Jun 29, 20261.2593x1.2095x
Jun 30, 20261.2514x1.1989x
Jul 1, 20261.2094x1.1921x
Jul 2, 20261.2136x1.2014x
Jul 6, 20261.2282x1.1993x
Jul 7, 20261.2095x1.2334x
Jul 8, 20261.2123x1.2551x
Jul 9, 20261.2230x1.2375x
Jul 10, 20261.2287x1.2433x
Jul 13, 20261.2116x1.2808x
Jul 14, 20261.2262x1.2856x
Jul 15, 20261.2187x1.2754x
Jul 16, 20261.1995x1.2871x
Jul 17, 20261.1943x1.3020x
Jul 20, 20261.1977x1.3079x
Jul 21, 20261.2162x1.3205x
Jul 22, 20261.2251x1.3363x
Jul 23, 20261.2361x1.3404x
Jul 24, 20261.2235x1.3458x
Jul 27, 20261.2070x1.3174x
Jul 28, 20261.1775x1.2995x
Jul 29, 20261.1575x1.3239x
Jul 30, 20261.1926x1.3309x
Jul 31, 20261.1876x1.3442x
Aug 3, 20261.2082x1.3271x
Aug 4, 20261.2177x1.3210x
Aug 5, 20261.2155x1.2937x
Aug 6, 20261.2018x1.3129x
Aug 7, 20261.2156x1.2980x
Aug 10, 20261.2208x1.3585x
Aug 11, 20261.2421x1.3754x
Aug 12, 20261.2534x1.3777x
Aug 13, 20261.2508x1.3783x
Aug 14, 20261.2651x1.3975x
Aug 17, 20261.2604x1.4126x
Aug 18, 20261.2314x1.4375x
Aug 19, 20261.2348x1.4352x
Aug 20, 20261.2156x1.4391x
Aug 21, 20261.2236x1.4366x
Aug 24, 20261.2233x1.4246x
Aug 25, 20261.2374x1.4009x
Aug 26, 20261.2559x1.4093x
Aug 27, 20261.2540x1.4061x
Aug 28, 20261.2172x1.4149x
Aug 31, 20261.2143x1.4438x
Sep 1, 20261.2166x1.4621x
Sep 2, 20261.2331x1.4695x
Sep 3, 20261.2427x1.4587x
Sep 4, 20261.2567x1.4460x
Sep 8, 20261.2728x1.4621x
Sep 9, 20261.2533x1.4743x

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.