Reaves & Co. (KRSP) discloses 8% passive stake in Rice Acquisition Corp 3

Rhea-AI Filing Summary

W. H. Reaves & Co., Inc. disclosed passive ownership of Class A ordinary shares of Rice Acquisition Corp 3. As of December 31, 2025, it beneficially owned 2,400,000 shares, representing 8% of the class.

The firm reports sole voting and dispositive power over all 2,400,000 shares. The securities are beneficially owned by a closed-end fund registered under the Investment Company Act of 1940 that is managed by W. H. Reaves & Co., Inc. The filing certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Insights

Equity ownership and governance analyst

Reaves reports an 8% passive stake held for a managed fund.

W. H. Reaves & Co., Inc. reports beneficial ownership of 2,400,000 Class A shares of Rice Acquisition Corp 3, equal to 8% of the class as of December 31, 2025. It has sole voting and dispositive power over these shares.

The disclosure states the position is held in the ordinary course of business for a closed-end fund it manages and is not intended to change or influence control. This aligns with a typical passive institutional holding. As a Schedule 13G ownership report without transactional detail, it is largely administrative and does not, by itself, signal a strategic shift.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Rice Acquisition Corp 3

(Name of Issuer)

Class A ordinary shares

(Title of Class of Securities)

G7553X122

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G7553X122

1

Names of Reporting Persons

REAVES W H & CO INC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,400,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,400,000.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,400,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Rice Acquisition Corp 3
(b)	Address of issuer's principal executive offices: 443 Woodland Road, Sewickley, PA 15143
Item 2.
(a)	Name of person filing: W. H. Reaves & Co., Inc.
(b)	Address or principal business office or, if none, residence: 10 Exchange Place, 18th Floor, Jersey City, NJ
(c)	Citizenship: United States of America
(d)	Title of class of securities: Class A ordinary shares
(e)	CUSIP No.: G7553X122
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,400,000
(b)	Percent of class: 8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,400,000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,400,000
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities reported herein are beneficially owned by a closed-end fund registered under the Investment Company Act of 1940 which is managed by the reporting Adviser.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

REAVES W H & CO INC

Signature:	/s/ Stephen Gavlick
Name/Title:	Stephen Gavlick, Chief Compliance Officer
Date:	02/02/2026

FAQ

What ownership stake does W. H. Reaves & Co., Inc. report in Rice Acquisition Corp 3 (KRSP)?

W. H. Reaves & Co., Inc. reports beneficial ownership of 2,400,000 Class A ordinary shares of Rice Acquisition Corp 3, representing 8% of the class as of December 31, 2025. This reflects a significant but minority institutional stake.

Does W. H. Reaves & Co., Inc. have voting control over its KRSP shares?

The firm reports sole power to vote or direct the vote for all 2,400,000 Class A shares, and sole power to dispose or direct disposition of the same amount. It reports no shared voting or shared dispositive power over these securities.

Is the W. H. Reaves & Co., Inc. position in KRSP a passive investment?

Yes. The certification states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, consistent with a passive Schedule 13G institutional holding classification.

On whose behalf does W. H. Reaves & Co., Inc. hold KRSP shares?

The filing explains that the reported securities are beneficially owned by a closed-end fund registered under the Investment Company Act of 1940, which is managed by W. H. Reaves & Co., Inc., indicating ownership on behalf of fund shareholders it advises.

Why did W. H. Reaves & Co., Inc. file a Schedule 13G for KRSP?

The filing is required because the firm’s managed fund beneficially owns more than 5% of Rice Acquisition Corp 3’s Class A ordinary shares. It reports 2,400,000 shares, or 8% of the class, and certifies the holding is in the ordinary course of business.