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
+25.1%

Performance as of Aug 23, 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 23, 2026.

Total Return

+25.1%

↓ XLE +44.0%

Ann. Return

+25.6%

↓ XLE +44.9%

Ann. Vol

26.7%

↑ XLE 21.8%

Sharpe

0.96

↓ XLE 2.06

Max Drawdown

-17.2%

↓ XLE -15.6%

Alpha vs XLE

+27.7%

↓ hit rate 48.4%

Performance as of Aug 23, 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 23, 2026.

DateModel basket wealth indexXLE
Aug 26, 20251.0000x1.0000x
Aug 27, 20250.9939x1.0111x
Aug 28, 20251.0054x1.0188x
Aug 29, 20250.9871x1.0245x
Sep 2, 20250.9724x1.0258x
Sep 3, 20250.9755x1.0029x
Sep 4, 20250.9775x1.0095x
Sep 5, 20250.9647x0.9900x
Sep 8, 20250.9670x0.9878x
Sep 9, 20250.9736x0.9925x
Sep 10, 20251.0110x1.0100x
Sep 11, 20251.0105x1.0102x
Sep 12, 20251.0073x1.0041x
Sep 15, 20251.0331x1.0007x
Sep 16, 20251.0034x1.0175x
Sep 17, 20251.0099x1.0199x
Sep 18, 20251.0176x1.0168x
Sep 19, 20251.0365x1.0032x
Sep 22, 20251.0591x0.9937x
Sep 23, 20251.0533x1.0107x
Sep 24, 20251.0537x1.0238x
Sep 25, 20251.0479x1.0331x
Sep 26, 20251.0564x1.0426x
Sep 29, 20251.0561x1.0233x
Sep 30, 20251.0504x1.0125x
Oct 1, 20251.0742x1.0125x
Oct 2, 20251.0809x1.0023x
Oct 3, 20251.0858x1.0077x
Oct 6, 20251.0972x1.0127x
Oct 7, 20251.1007x1.0143x
Oct 8, 20251.1167x1.0084x
Oct 9, 20251.1277x0.9946x
Oct 10, 20251.1052x0.9658x
Oct 13, 20251.1448x0.9789x
Oct 14, 20251.1526x0.9789x
Oct 15, 20251.1631x0.9782x
Oct 16, 20251.1414x0.9665x
Oct 17, 20251.1205x0.9744x
Oct 20, 20251.1075x0.9848x
Oct 21, 20251.0840x0.9825x
Oct 22, 20251.0729x0.9950x
Oct 23, 20251.0891x1.0084x
Oct 24, 20251.1060x0.9982x
Oct 27, 20251.1085x1.0005x
Oct 28, 20251.1451x0.9900x
Oct 29, 20251.1521x0.9975x
Oct 30, 20251.1350x0.9916x
Oct 31, 20251.1294x0.9989x
Nov 3, 20251.1308x0.9989x
Nov 4, 20251.0910x0.9882x
Nov 5, 20251.0962x0.9907x
Nov 6, 20251.0735x1.0005x
Nov 7, 20251.1025x1.0147x
Nov 10, 20251.1163x1.0240x
Nov 11, 20251.1065x1.0374x
Nov 12, 20251.1080x1.0229x
Nov 13, 20251.0646x1.0254x
Nov 14, 20251.0745x1.0428x
Nov 17, 20251.0712x1.0238x
Nov 18, 20251.0603x1.0320x
Nov 19, 20251.0933x1.0186x
Nov 20, 20251.0620x1.0070x
Nov 21, 20251.0491x1.0134x
Nov 24, 20251.0810x1.0107x
Nov 25, 20251.0883x1.0043x
Nov 26, 20251.1079x1.0118x
Nov 28, 20251.1187x1.0252x
Dec 1, 20251.1024x1.0349x
Dec 2, 20251.1115x1.0215x
Dec 3, 20251.1183x1.0408x
Dec 4, 20251.1470x1.0451x
Dec 5, 20251.1305x1.0408x
Dec 8, 20251.1152x1.0295x
Dec 9, 20251.1196x1.0358x
Dec 10, 20251.1537x1.0467x
Dec 11, 20251.1679x1.0417x
Dec 12, 20251.1251x1.0315x
Dec 15, 20251.1269x1.0243x
Dec 16, 20251.1235x0.9930x
Dec 17, 20251.0775x1.0150x
Dec 18, 20251.1087x1.0002x
Dec 19, 20251.1111x1.0002x
Dec 22, 20251.1219x1.0020x
Dec 23, 20251.1309x1.0086x
Dec 24, 20251.1353x1.0057x
Dec 26, 20251.1304x1.0018x
Dec 29, 20251.1293x1.0113x
Dec 30, 20251.1256x1.0190x
Dec 31, 20251.1202x1.0134x
Jan 2, 20261.1597x1.0347x
Jan 5, 20261.1571x1.0628x
Jan 6, 20261.1564x1.0345x
Jan 7, 20261.1362x1.0229x
Jan 8, 20261.1226x1.0551x
Jan 9, 20261.1404x1.0578x
Jan 12, 20261.1459x1.0503x
Jan 13, 20261.1505x1.0653x
Jan 14, 20261.1511x1.0893x
Jan 15, 20261.1633x1.0791x
Jan 16, 20261.1628x1.0809x
Jan 20, 20261.1503x1.0789x
Jan 21, 20261.1640x1.1049x
Jan 22, 20261.1596x1.1086x
Jan 23, 20261.1676x1.1149x
Jan 26, 20261.1607x1.1156x
Jan 27, 20261.1896x1.1258x
Jan 28, 20261.2154x1.1344x
Jan 30, 20261.1947x1.1571x
Feb 2, 20261.1789x1.1344x
Feb 3, 20261.2083x1.1711x
Feb 4, 20261.1541x1.1974x
Feb 5, 20261.1378x1.1834x
Feb 6, 20261.1735x1.2069x
Feb 9, 20261.2087x1.2158x
Feb 10, 20261.2064x1.2144x
Feb 11, 20261.2322x1.2461x
Feb 12, 20261.2254x1.2235x
Feb 13, 20261.2365x1.2319x
Feb 17, 20261.2529x1.2183x
Feb 18, 20261.2476x1.2416x
Feb 19, 20261.2562x1.2507x
Feb 20, 20261.2674x1.2439x
Feb 23, 20261.2664x1.2500x
Feb 24, 20261.3101x1.2489x
Feb 25, 20261.3200x1.2437x
Feb 26, 20261.3083x1.2477x
Feb 27, 20261.3193x1.2675x
Mar 2, 20261.3368x1.2928x
Mar 3, 20261.3059x1.2811x
Mar 4, 20261.3088x1.2736x
Mar 5, 20261.2910x1.2801x
Mar 6, 20261.2591x1.2822x
Mar 9, 20261.2884x1.2765x
Mar 10, 20261.2944x1.2602x
Mar 11, 20261.2719x1.2915x
Mar 12, 20261.2661x1.3035x
Mar 13, 20261.2455x1.3078x
Mar 16, 20261.2626x1.3123x
Mar 17, 20261.2704x1.3262x
Mar 18, 20261.2721x1.3243x
Mar 19, 20261.2776x1.3454x
Mar 20, 20261.2110x1.3443x
Mar 23, 20261.2421x1.3515x
Mar 24, 20261.2662x1.3790x
Mar 25, 20261.2777x1.3728x
Mar 26, 20261.2479x1.3944x
Mar 27, 20261.2471x1.4180x
Mar 30, 20261.2310x1.4044x
Mar 31, 20261.2423x1.3885x
Apr 1, 20261.2506x1.3366x
Apr 2, 20261.2486x1.3429x
Apr 6, 20261.2471x1.3527x
Apr 7, 20261.2538x1.3636x
Apr 8, 20261.2842x1.3157x
Apr 9, 20261.2866x1.2994x
Apr 10, 20261.2988x1.2906x
Apr 13, 20261.2974x1.2944x
Apr 14, 20261.2975x1.2681x
Apr 15, 20261.2995x1.2638x
Apr 16, 20261.3072x1.2824x
Apr 17, 20261.3118x1.2471x
Apr 20, 20261.3051x1.2482x
Apr 21, 20261.2738x1.2663x
Apr 22, 20261.3364x1.2815x
Apr 23, 20261.3623x1.2915x
Apr 24, 20261.3817x1.2890x
Apr 27, 20261.3765x1.2867x
Apr 28, 20261.3542x1.3080x
Apr 29, 20261.3288x1.3379x
Apr 30, 20261.3916x1.3520x
May 1, 20261.3706x1.3339x
May 4, 20261.3780x1.3461x
May 5, 20261.3776x1.3475x
May 6, 20261.3974x1.2919x
May 7, 20261.3491x1.2681x
May 8, 20261.3313x1.2625x
May 11, 20261.3542x1.2958x
May 12, 20261.3410x1.3049x
May 13, 20261.3180x1.3062x
May 14, 20261.3262x1.3162x
May 15, 20261.2899x1.3472x
May 18, 20261.2581x1.3731x
May 19, 20261.2604x1.3892x
May 20, 20261.2799x1.3554x
May 21, 20261.2955x1.3402x
May 22, 20261.3019x1.3484x
May 26, 20261.3164x1.3112x
May 27, 20261.2864x1.2917x
May 28, 20261.2788x1.2908x
May 29, 20261.2729x1.2758x
Jun 1, 20261.2302x1.2987x
Jun 2, 20261.2697x1.3137x
Jun 3, 20261.2464x1.3307x
Jun 4, 20261.2487x1.3316x
Jun 5, 20261.2065x1.3071x
Jun 8, 20261.2000x1.3221x
Jun 9, 20261.1933x1.3008x
Jun 10, 20261.1565x1.3203x
Jun 11, 20261.1777x1.2947x
Jun 12, 20261.2029x1.3044x
Jun 15, 20261.2344x1.2591x
Jun 16, 20261.2441x1.2548x
Jun 17, 20261.2502x1.2391x
Jun 18, 20261.2814x1.2187x
Jun 22, 20261.2918x1.2253x
Jun 23, 20261.2756x1.2344x
Jun 24, 20261.2761x1.2142x
Jun 25, 20261.2806x1.2260x
Jun 26, 20261.2729x1.2203x
Jun 29, 20261.2685x1.2144x
Jun 30, 20261.2606x1.2038x
Jul 1, 20261.2183x1.1970x
Jul 2, 20261.2225x1.2063x
Jul 6, 20261.2372x1.2042x
Jul 7, 20261.2184x1.2384x
Jul 8, 20261.2212x1.2602x
Jul 9, 20261.2320x1.2425x
Jul 10, 20261.2378x1.2484x
Jul 13, 20261.2205x1.2860x
Jul 14, 20261.2352x1.2908x
Jul 15, 20261.2277x1.2806x
Jul 16, 20261.2083x1.2924x
Jul 17, 20261.2031x1.3073x
Jul 20, 20261.2065x1.3132x
Jul 21, 20261.2252x1.3259x
Jul 22, 20261.2341x1.3418x
Jul 23, 20261.2452x1.3459x
Jul 24, 20261.2325x1.3513x
Jul 27, 20261.2158x1.3228x
Jul 28, 20261.1861x1.3049x
Jul 29, 20261.1660x1.3293x
Jul 30, 20261.2013x1.3364x
Jul 31, 20261.1963x1.3497x
Aug 3, 20261.2170x1.3325x
Aug 4, 20261.2266x1.3264x
Aug 5, 20261.2244x1.2990x
Aug 6, 20261.2106x1.3182x
Aug 7, 20261.2245x1.3033x
Aug 10, 20261.2297x1.3640x
Aug 11, 20261.2512x1.3810x
Aug 12, 20261.2627x1.3833x
Aug 13, 20261.2599x1.3840x
Aug 14, 20261.2743x1.4032x
Aug 17, 20261.2696x1.4184x
Aug 18, 20261.2404x1.4433x
Aug 19, 20261.2439x1.4411x
Aug 20, 20261.2245x1.4449x
Aug 21, 20261.2326x1.4424x

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.