Infrastructure Stocks
Top 10 of 73 IGF holdings, updated
As of 12 October 2026, infrastructure stocks are trailing the S&P 500, over the past month and over the longer run. IGF trails the S&P 500 by 3.5 points over one month and ranks #47 of 115 groups Zensei tracks. 20 of the 32 infrastructure stocks Zensei prices in IGF beat the fund this month.
Where infrastructure stocks stand now
As of 12 October 2026, Infrastructure (IGF) ranks #47 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 3.5 points behind over the past month and 6.4 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, IGF's momentum reads strong: the recent hourly trend is positive across every lookback Zensei measures. IGF's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. That tension — a firm short-term tape against a damaged longer trend — is usually resolved within a few weeks, one way or the other.
The exposure comes via iShares Global Infrastructure ETF, whose 73 tracked holdings are led by Transurban Group, Aena Sme SA and Nextera Energy Inc. Weighted by portfolio, the fund's holdings trade at roughly 19.2× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top infrastructure stocks right now
The largest infrastructure stocks by weight in IGF, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of IGF
- 1Transurban Group5.2%
- 2Aena Sme SA5.0%
- 3Nextera Energy IncNEE4.8%
- 4Enbridge Inc4.1%
- 5Iberdrola SA4.0%
Strongest this month
1-month return, holdings Zensei prices
- 1Frontline PLCFRO+28.3%
- 2n/aSBS+27.3%
- 3Cia Paranaense de Energia CopelELPC+13.7%
- 4Cia Energetica de Minas Gerais CemigCIG+10.5%
- 5Kinder Morgan IncKMI+7.2%
Infrastructure Stocks vs the S&P 500
Over the week to 12 October 2026, IGF rose 1.8% while the S&P 500 rose 0.4%. IGF and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means IGF won that window.
Prices as of · computed from daily adjusted closes · how we measure
Infrastructure on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are infrastructure stocks expensive?
The price-to-earnings ratio of IGF as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
IGF holdings: the infrastructure stocks inside
As of 12 October 2026, 20 of the 32 infrastructure stocks Zensei prices in IGF beat the fund over the past month. 7 of them beat the S&P 500. The strongest is Frontline PLC (FRO); the weakest is n/a (OMAB). Inside the fund, most holdings move the same way.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | Transurban Group | 5.2% | — | — | No price data | ||
| 2 | Aena Sme SA | 5.0% | — | — | No price data | ||
| 3 | NEENextera Energy Inc | 4.8% | −4.6% | −10.5% | −3.1 pts | Weak | Broken |
| 4 | Enbridge Inc | 4.1% | — | — | No price data | ||
| 5 | Iberdrola SA | 4.0% | — | — | No price data | ||
| 6 | PACn/a | 3.3% | −0.2% | −12.8% | +1.3 pts | Fading | Broken |
| 7 | Auckland International Airport Ltd | 3.2% | — | — | No price data | ||
| 8 | WMBWilliams Companies Inc | 3.0% | +1.8% | +0.3% | +3.3 pts | Accelerating | Strong |
| 9 | SOSouthern Co | 2.8% | −0.1% | −9.0% | |||
| 10 | DUKDuke Energy Corp | 2.6% | −1.4% | −6.4% | |||
All 73 IGF holdings by weight: Transurban Group 5.2%, Aena Sme SA 5.0%, Nextera Energy Inc (NEE) 4.8%, Enbridge Inc 4.1%, Iberdrola SA 4.0%, n/a (PAC) 3.3%, Auckland International Airport Ltd 3.2%, Williams Companies Inc (WMB) 3.0%, Southern Co (SO) 2.8%, Duke Energy Corp (DUK) 2.6%, Getlink SE Act. Provenant Regroupement 2.5%, Tc Energy Corp (TRP) 2.4%, Enel SPA 2.3%, Constellation Energy Corp (CEG) 2.2%, National Grid PLC 2.2%, Kinder Morgan Inc (KMI) 2.1%, Flughafen Zuerich AG 2.1%, Targa Resources Corp (TRGP) 2.0%, Oneok Inc (OKE) 1.9%, Cheniere Energy Inc (LNG) 1.9%, American Electric Power Co Inc (AEP) 1.9%, n/a (ASR) 1.8%, Aeroports de Paris SA 1.8%, Dominion Energy Inc (D) 1.6%, Sempra (SRE) 1.6%, Engie SA 1.5%, Vistra Corp (VST) 1.4%, Entergy Corp (ETR) 1.4%, n/a (OMAB) 1.3%, E.On SE 1.3%, Atlas Arteria Ltd 1.3%, Exelon Corp (EXC) 1.3%, Xcel Energy Inc (XEL) 1.3%, Sats Ltd 1.2%, Rwe AG 1.2%, Japan Airport Terminal Co Ltd 1.1%, Sse PLC 1.1%, Public Service Enterprise Group Inc (PEG) 1.0%, Pg&e Corp (PCG) 1.0%, Pembina Pipeline Corp 1.0%, Fraport AG 0.9%, China Merchants Port Holdings Co Ltd 0.8%, Jiangsu Expressway Co Ltd 0.6%, Enav SPA 0.5%, Zhejiang Expressway Co Ltd 0.5%, Dt Midstream Inc (DTM) 0.5%, Shenzhen International Holdings Ltd 0.4%, Westshore Terminals Investment Corp 0.4%, n/a (SBS) 0.4%, Cosco Shipping Ports Ltd 0.4%, Keyera Corp 0.3%, Anhui Expressway Co Ltd 0.3%, Corporacion America Airports SA (CAAP) 0.3%, Gaztransport Et Technigaz SA 0.3%, South Bow Corp (SOBO) 0.3%, Antero Midstream Corp (AM) 0.3%, Axia Energia (AXIA) 0.2%, Sia Engineering Co Ltd 0.2%, Shenzhen Expressway Corp Ltd 0.2%, Frontline PLC (FRO) 0.2%, Beijing Capital International Airport Co Ltd 0.2%, Cia Paranaense de Energia Copel (ELPC) 0.1%, China Resources Power Holdings Co Ltd 0.1%, Sichuan Expressway Co Ltd 0.1%, Cia Energetica de Minas Gerais Cemig (CIG) 0.1%, Cgn Power Co Ltd Shs -H- Unitary 144a/Reg S 0.1%, Kunlun Energy Co Ltd 0.1%, Huaneng Power International Inc 0.1%, Sky Harbour Group Corp (SKYH) 0.1%, Iberdrola S A Rights SA 0.1%, Cosco Shipping Energy Transportation Co Ltd 0.1%, China Gas Holdings Ltd 0.1%, China Longyuan Power Group Corp Ltd 0.1%.
Infrastructure Stocks: common questions
What are the top 3 infrastructure stocks?
As of 12 October 2026, the three largest infrastructure stocks in IGF by fund weight are Transurban Group (5.2%), Aena Sme SA (5.0%) and Nextera Energy Inc (NEE) (4.8%). Fund weight shows size inside the fund, not a recommendation.
Which infrastructure stocks are beating the sector?
As of 12 October 2026, 20 of the 32 infrastructure stocks Zensei prices in IGF beat the fund over the past month. The strongest over the past month is Frontline PLC (FRO). The list above shows every holding with its weight and returns.
Are infrastructure stocks outperforming the S&P 500?
No. As of 12 October 2026, IGF trails the S&P 500 by 3.5 points over the past month.
Is it a good time to invest in infrastructure stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, infrastructure stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is IGF?
IGF is iShares Global Infrastructure ETF. Zensei uses it to measure infrastructure stocks against the S&P 500 (SPY).
What stocks does IGF own?
As of 12 October 2026, the largest of the 73 positions Zensei tracks in IGF are Transurban Group, Aena Sme SA, Nextera Energy Inc, Enbridge Inc, Iberdrola SA. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is infrastructure in right now?
As of 12 October 2026, infrastructure is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track infrastructure against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.