Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ENERGY TRANSFER L P (ET)

1K + Investors. Track Smart Money conviction in ET. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +26
Streak
1Q ▲
Buyers last Q
58%

Smart Money Signals — ET

Based on 1192 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ET than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,192 hedge funds hold ET right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+51 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 58% buying

621 buying458 selling
Last quarter: 621 funds bought or added vs 458 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+45 vs last Q)

new funds entering per quarter
Funds opening a new ET position: 113 → 111 → 91 → 136. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 18% medium ■ 15% new
799 out of 1,192 hedge funds have held ET for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~136 new funds/quarter

146 → 113 → 111 → 91 → 136 new funds/Q
New funds entering each quarter: 113 → 111 → 91 → 136. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 67% of holders stayed 2+ years

■ 67% veterans ■ 11% 1-2yr ■ 22% new
Of 1,207 current holders: 814 (67%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
31 of 1192 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: ET

How many hedge funds hold ET — quarterly history vs. share price
Quarterly hedge fund ownership of ET vs. share price

Market Analysis: ET

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ET

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

85 top-rated funds 20 high-conviction
Consensus
8.4
/ 10
breadth
×
Elite
3.7
/ 10
conviction
Hedge Fund Positioning: ET
2026 Q1 Stats Unlock in 22 days 1K + Investors

Track Smart Money conviction in ET. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1207 1190 1.43%
13F Shares 1.05B 1.07B -1.79%
Total Value $17.34B $19.01B -8.81%
New Positions 136 91 +45
Increased Positions 506 533 -27
Closed Positions 113 110 +3
Reduced Positions 363 342 +21
Total Calls 15 20 -25.0%
Total Puts 7 11 -36.36%
PUT/CALL Ratio 0.47 0.55 Bullish

Statistics: ET

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ET. Verified SEC 13F-HR filings.

Top 25 institutional holders of ET — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Stephens Group, LLC 61.27% 5,444,597 $105.1M
2 WALNUT PRIVATE EQUITY PARTNERS, LLC 21.79% 2,047,500 $39.5M
3 Garrett Wealth Advisory Group, LLC 18.80% 5,479,308 $105.8M
4 SL ADVISORS, LLC 13.88% 424,978 $8.2M
5 Fractal Investments LLC 11.01% 4,820,215 $93.0M
6 CHICKASAW CAPITAL MANAGEMENT LLC 10.57% 15,494,678 $299K
7 FFG Partners, LLC 6.79% 889,071 $17.2M
8 Westend Capital Management, LLC 4.69% 810,229 $15.6M
9 ELCO Management Co., LLC 4.61% 497,579 $9.6M
10 Northside Capital Management, LLC 3.41% 2,009,261 $38.8M
11 Adams Asset Advisors, LLC 3.12% 1,441,757 $27.8M
12 Sage Investment Counsel LLC 2.89% 134,809 $2.6M
13 Old North State Wealth Management, LLC 2.77% 310,572 $6.0M
14 MILLER HOWARD INVESTMENTS INC /NY 2.75% 5,216,847 $100.7M
15 Cutter & CO Brokerage, Inc. 2.47% 562,361 $10.5M
16 Aurora Private Wealth, Inc. 2.15% 182,938 $3K
17 OUTFITTERS FINANCIAL LLC 2.06% 137,762 $2.7M
18 Uptown Financial Advisors LLC 1.97% 128,734 $2.5M
19 Prospect Financial Services LLC 1.95% 165,169 $3.2M
20 Directional Asset Management 1.42% 80,500 $1.6M
21 Redwood Wealth Management Group, LLC 1.35% 161,782 $3.1M
22 GILPIN WEALTH MANAGEMENT, LLC 1.31% 85,855 $1.7M
23 Baugh & Associates, LLC 1.28% 154,077 $3.0M
24 TEMA ETFS LLC 1.20% 926,143 $17.9M
25 Ariston Services Group 1.16% — $1.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ENERGY TRANSFER L P (ET)

What does the Smart Money Trend signal show for ET?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added ET than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ET?

Slight buying edge — 58% buying: Last quarter: 621 funds bought or added vs 458 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ET holders?

Strong quality — 34% AUM from major funds: 31 of 1192 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ET?

67% of holders stayed for 2+ years: 799 out of 1,192 hedge funds have held ET for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.