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
+24.6%

Performance as of Aug 26, 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 Aug 26, 2026.

Total Return

+24.6%

↓ XLE +40.7%

Ann. Return

+25.0%

↓ XLE +41.2%

Ann. Vol

26.7%

↑ XLE 21.9%

Sharpe

0.94

↓ XLE 1.89

Max Drawdown

-17.2%

↓ XLE -15.6%

Alpha vs XLE

+27.2%

↓ hit rate 48.6%

Performance as of Aug 26, 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 Aug 26, 2026.

DateModel basket wealth indexXLE
Aug 27, 20251.0000x1.0000x
Aug 28, 20251.0116x1.0076x
Aug 29, 20250.9931x1.0132x
Sep 2, 20250.9784x1.0146x
Sep 3, 20250.9815x0.9919x
Sep 4, 20250.9835x0.9984x
Sep 5, 20250.9706x0.9792x
Sep 8, 20250.9729x0.9769x
Sep 9, 20250.9795x0.9816x
Sep 10, 20251.0172x0.9989x
Sep 11, 20251.0167x0.9991x
Sep 12, 20251.0135x0.9931x
Sep 15, 20251.0394x0.9897x
Sep 16, 20251.0095x1.0063x
Sep 17, 20251.0161x1.0087x
Sep 18, 20251.0238x1.0056x
Sep 19, 20251.0429x0.9922x
Sep 22, 20251.0656x0.9827x
Sep 23, 20251.0598x0.9996x
Sep 24, 20251.0602x1.0126x
Sep 25, 20251.0543x1.0217x
Sep 26, 20251.0629x1.0312x
Sep 29, 20251.0626x1.0121x
Sep 30, 20251.0568x1.0013x
Oct 1, 20251.0808x1.0013x
Oct 2, 20251.0875x0.9913x
Oct 3, 20251.0924x0.9966x
Oct 6, 20251.1039x1.0016x
Oct 7, 20251.1074x1.0031x
Oct 8, 20251.1235x0.9973x
Oct 9, 20251.1346x0.9836x
Oct 10, 20251.1119x0.9552x
Oct 13, 20251.1518x0.9682x
Oct 14, 20251.1597x0.9682x
Oct 15, 20251.1703x0.9675x
Oct 16, 20251.1484x0.9558x
Oct 17, 20251.1274x0.9637x
Oct 20, 20251.1143x0.9740x
Oct 21, 20251.0906x0.9718x
Oct 22, 20251.0795x0.9841x
Oct 23, 20251.0958x0.9973x
Oct 24, 20251.1128x0.9872x
Oct 27, 20251.1153x0.9895x
Oct 28, 20251.1522x0.9792x
Oct 29, 20251.1592x0.9866x
Oct 30, 20251.1419x0.9807x
Oct 31, 20251.1363x0.9879x
Nov 3, 20251.1377x0.9879x
Nov 4, 20251.0976x0.9774x
Nov 5, 20251.1029x0.9798x
Nov 6, 20251.0801x0.9895x
Nov 7, 20251.1093x1.0036x
Nov 10, 20251.1232x1.0128x
Nov 11, 20251.1133x1.0260x
Nov 12, 20251.1148x1.0117x
Nov 13, 20251.0711x1.0141x
Nov 14, 20251.0811x1.0314x
Nov 17, 20251.0778x1.0126x
Nov 18, 20251.0668x1.0206x
Nov 19, 20251.1000x1.0074x
Nov 20, 20251.0685x0.9960x
Nov 21, 20251.0555x1.0022x
Nov 24, 20251.0876x0.9996x
Nov 25, 20251.0950x0.9933x
Nov 26, 20251.1147x1.0007x
Nov 28, 20251.1256x1.0139x
Dec 1, 20251.1091x1.0235x
Dec 2, 20251.1183x1.0103x
Dec 3, 20251.1252x1.0294x
Dec 4, 20251.1540x1.0336x
Dec 5, 20251.1374x1.0294x
Dec 8, 20251.1220x1.0182x
Dec 9, 20251.1265x1.0244x
Dec 10, 20251.1608x1.0352x
Dec 11, 20251.1751x1.0303x
Dec 12, 20251.1320x1.0202x
Dec 15, 20251.1338x1.0130x
Dec 16, 20251.1304x0.9821x
Dec 17, 20251.0841x1.0038x
Dec 18, 20251.1155x0.9892x
Dec 19, 20251.1179x0.9892x
Dec 22, 20251.1288x0.9910x
Dec 23, 20251.1378x0.9975x
Dec 24, 20251.1423x0.9946x
Dec 26, 20251.1373x0.9908x
Dec 29, 20251.1362x1.0002x
Dec 30, 20251.1325x1.0078x
Dec 31, 20251.1271x1.0022x
Jan 2, 20261.1668x1.0233x
Jan 5, 20261.1642x1.0511x
Jan 6, 20261.1635x1.0231x
Jan 7, 20261.1431x1.0117x
Jan 8, 20261.1294x1.0435x
Jan 9, 20261.1473x1.0462x
Jan 12, 20261.1529x1.0388x
Jan 13, 20261.1575x1.0536x
Jan 14, 20261.1581x1.0773x
Jan 15, 20261.1704x1.0672x
Jan 16, 20261.1699x1.0690x
Jan 20, 20261.1574x1.0670x
Jan 21, 20261.1711x1.0928x
Jan 22, 20261.1667x1.0964x
Jan 23, 20261.1747x1.1027x
Jan 26, 20261.1678x1.1033x
Jan 27, 20261.1968x1.1134x
Jan 28, 20261.2229x1.1219x
Jan 30, 20261.2020x1.1444x
Feb 2, 20261.1861x1.1219x
Feb 3, 20261.2157x1.1583x
Feb 4, 20261.1611x1.1843x
Feb 5, 20261.1447x1.1704x
Feb 6, 20261.1807x1.1937x
Feb 9, 20261.2161x1.2024x
Feb 10, 20261.2138x1.2011x
Feb 11, 20261.2397x1.2325x
Feb 12, 20261.2329x1.2100x
Feb 13, 20261.2441x1.2183x
Feb 17, 20261.2605x1.2049x
Feb 18, 20261.2552x1.2280x
Feb 19, 20261.2639x1.2369x
Feb 20, 20261.2752x1.2302x
Feb 23, 20261.2741x1.2363x
Feb 24, 20261.3181x1.2351x
Feb 25, 20261.3280x1.2300x
Feb 26, 20261.3163x1.2340x
Feb 27, 20261.3274x1.2535x
Mar 2, 20261.3450x1.2786x
Mar 3, 20261.3139x1.2670x
Mar 4, 20261.3168x1.2596x
Mar 5, 20261.2989x1.2661x
Mar 6, 20261.2668x1.2681x
Mar 9, 20261.2962x1.2625x
Mar 10, 20261.3023x1.2464x
Mar 11, 20261.2796x1.2773x
Mar 12, 20261.2738x1.2892x
Mar 13, 20261.2531x1.2934x
Mar 16, 20261.2703x1.2979x
Mar 17, 20261.2782x1.3116x
Mar 18, 20261.2798x1.3098x
Mar 19, 20261.2854x1.3306x
Mar 20, 20261.2184x1.3295x
Mar 23, 20261.2497x1.3367x
Mar 24, 20261.2740x1.3638x
Mar 25, 20261.2856x1.3578x
Mar 26, 20261.2555x1.3791x
Mar 27, 20261.2547x1.4024x
Mar 30, 20261.2385x1.3889x
Mar 31, 20261.2499x1.3732x
Apr 1, 20261.2582x1.3219x
Apr 2, 20261.2563x1.3282x
Apr 6, 20261.2547x1.3378x
Apr 7, 20261.2614x1.3486x
Apr 8, 20261.2921x1.3013x
Apr 9, 20261.2945x1.2851x
Apr 10, 20261.3067x1.2764x
Apr 13, 20261.3053x1.2802x
Apr 14, 20261.3054x1.2542x
Apr 15, 20261.3074x1.2499x
Apr 16, 20261.3152x1.2683x
Apr 17, 20261.3198x1.2334x
Apr 20, 20261.3131x1.2345x
Apr 21, 20261.2816x1.2524x
Apr 22, 20261.3446x1.2674x
Apr 23, 20261.3706x1.2773x
Apr 24, 20261.3901x1.2748x
Apr 27, 20261.3849x1.2726x
Apr 28, 20261.3625x1.2937x
Apr 29, 20261.3369x1.3232x
Apr 30, 20261.4001x1.3371x
May 1, 20261.3790x1.3192x
May 4, 20261.3864x1.3313x
May 5, 20261.3861x1.3327x
May 6, 20261.4059x1.2777x
May 7, 20261.3574x1.2542x
May 8, 20261.3394x1.2486x
May 11, 20261.3625x1.2816x
May 12, 20261.3492x1.2905x
May 13, 20261.3260x1.2919x
May 14, 20261.3343x1.3017x
May 15, 20261.2977x1.3324x
May 18, 20261.2658x1.3580x
May 19, 20261.2681x1.3739x
May 20, 20261.2877x1.3405x
May 21, 20261.3034x1.3255x
May 22, 20261.3098x1.3336x
May 26, 20261.3245x1.2968x
May 27, 20261.2943x1.2775x
May 28, 20261.2866x1.2766x
May 29, 20261.2807x1.2618x
Jun 1, 20261.2377x1.2845x
Jun 2, 20261.2775x1.2993x
Jun 3, 20261.2541x1.3161x
Jun 4, 20261.2563x1.3170x
Jun 5, 20261.2138x1.2928x
Jun 8, 20261.2073x1.3076x
Jun 9, 20261.2006x1.2865x
Jun 10, 20261.1635x1.3058x
Jun 11, 20261.1849x1.2804x
Jun 12, 20261.2102x1.2901x
Jun 15, 20261.2420x1.2452x
Jun 16, 20261.2517x1.2410x
Jun 17, 20261.2578x1.2255x
Jun 18, 20261.2892x1.2053x
Jun 22, 20261.2997x1.2118x
Jun 23, 20261.2834x1.2208x
Jun 24, 20261.2840x1.2009x
Jun 25, 20261.2885x1.2125x
Jun 26, 20261.2807x1.2069x
Jun 29, 20261.2763x1.2011x
Jun 30, 20261.2683x1.1905x
Jul 1, 20261.2257x1.1838x
Jul 2, 20261.2300x1.1930x
Jul 6, 20261.2448x1.1910x
Jul 7, 20261.2258x1.2248x
Jul 8, 20261.2287x1.2464x
Jul 9, 20261.2395x1.2289x
Jul 10, 20261.2453x1.2347x
Jul 13, 20261.2280x1.2719x
Jul 14, 20261.2428x1.2766x
Jul 15, 20261.2352x1.2665x
Jul 16, 20261.2157x1.2782x
Jul 17, 20261.2105x1.2930x
Jul 20, 20261.2139x1.2988x
Jul 21, 20261.2327x1.3114x
Jul 22, 20261.2416x1.3271x
Jul 23, 20261.2528x1.3311x
Jul 24, 20261.2401x1.3365x
Jul 27, 20261.2233x1.3082x
Jul 28, 20261.1934x1.2905x
Jul 29, 20261.1731x1.3147x
Jul 30, 20261.2087x1.3217x
Jul 31, 20261.2036x1.3349x
Aug 3, 20261.2245x1.3179x
Aug 4, 20261.2341x1.3118x
Aug 5, 20261.2319x1.2847x
Aug 6, 20261.2180x1.3037x
Aug 7, 20261.2320x1.2889x
Aug 10, 20261.2372x1.3490x
Aug 11, 20261.2589x1.3658x
Aug 12, 20261.2704x1.3681x
Aug 13, 20261.2677x1.3688x
Aug 14, 20261.2821x1.3878x
Aug 17, 20261.2774x1.4028x
Aug 18, 20261.2480x1.4275x
Aug 19, 20261.2515x1.4252x
Aug 20, 20261.2320x1.4291x
Aug 21, 20261.2401x1.4266x
Aug 24, 20261.2398x1.4147x
Aug 25, 20261.2541x1.3912x

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.