Ownership history in Belfer Management LLC Β· 40 quarters on record
This page tracks every 13F SEC filing in which Belfer Management LLC reported a position in ENERGY TRANSFER OPERATING LP (ET). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β sourced directly from SEC EDGAR 13F filings.
π Belfer Management LLC outperformed the S&P 500 by +2.9% annually on this ET position. Timing score: 67% (2/3 decisions correct). Average cost basis: $2.71. Maximum drawdown during holding period: β76.4%.
β
Outperformed SPY on this position by 2.9% ann.
39 quarters analyzed
β
Decent timing β more right than wrong on entries and exits.
2 of 3 add/trim decisions correct
Best entry: $2.40 (2009 Q4) Β· Worst: $16.19 (2025 Q4)
πͺ Held through 2 major drawdowns (>20%).
2 adds Β· 2 trims. Bought during 1 of 11 down-price quarters. π More buys than sells across the holding period.
π Portfolio weight has been declining in recent quarters. Possible distribution phase.
Currently 6.42% of portfolio
β Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ 4 (annualised). Not investment advice.
As of 2025 Q4 β sorted by position size