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
↑ +5
Streak
3Q ▲
Buyers last Q
59%

Smart Money Signals — ET

Based on 1301 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, 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
1,301 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 — +6% more funds vs a year ago

fund count last 6Q
+69 new funds entered over the past year (+6% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

647 buying454 selling
Last quarter: 647 funds bought or added vs 454 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.
⚠️

Fewer new buyers each quarter (-39 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 101 → 148 → 144 → 105. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 19% medium ■ 15% new
852 out of 1,301 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 — ~105 new funds/quarter

122 → 101 → 148 → 144 → 105 new funds/Q
New funds entering each quarter: 101 → 148 → 144 → 105. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 12% 1-2yr ■ 20% new
Entry-cohort mix of 1,317 holders: 893 (68%) are 2+ year veterans, 164 entered 1–2 years ago, and 260 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 45% AUM from top-100 funds

45% from top-100 AUM funds
38 of 1294 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in ET. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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.

Institutional Sentiment Summary — ET

In 2026 Q2, 647 hedge funds were net buyers of ET (105 opened a new position, 542 added to an existing one), while 454 reduced or exited (354 trimmed, 100 sold completely) — a 59% buyer ratio, indicating a slight buying edge. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 45% of total institutional value in ET is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 1301.

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

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Energy Transfer L P (ET) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ET has moved relative to its sector benchmark (XLE) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 79d ago
ET
+10.4%
XLE
+20.6%

ET outperformed XLE by -10.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 34d ago
ET
+0.3%
XLE
+3.4%

Since the filing became public, ET outperformed XLE by -3.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

45 top-rated funds 39 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
6.9
/ 10
conviction
Hedge Fund Positioning: ET
1K + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1286 1296 -0.77%
13F Shares 1.11B 1.05B 6.03%
Total Value $20.45B $19.53B 4.68%
New Positions 102 144 -42
Increased Positions 536 530 +6
Closed Positions 105 98 +7
Reduced Positions 348 330 +18
Total Calls 12 13 -7.69%
Total Puts 9 7 28.57%
PUT/CALL Ratio 0.75 0.54 Neutral

Statistics: ET

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Financial Highlights

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Institutional Holders (2026 Q2)

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.

QUARTER:
Top 25 ET holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Stephens Group, LLC 50.46% 5,444,597 $104.1M
2 Walnut Private Equity Partners, LLC 21.17% 2,048,500 $39.2M
3 Garrett Wealth Advisory Group, LLC 16.11% 5,479,943 $104.8M
4 Sl Advisors, LLC 15.85% 473,898 $9.1M
5 Kamunting Street Capital Management, L.P. 15.04% 1,404,742 $26.9M
6 Heronetta Management, L.P. 14.03% 799,229 $15.3M
7 Delphi Financial Group, INC. 13.44% 1,421,945 $27.2M
8 Fractal Investments LLC 12.07% 5,471,353 $104.6M
9 Alden Global Capital LLC 9.62% 1,370,511 $26.2M
10 Kayne Anderson Capital Advisors LP 9.06% 24,166,229 $462.1M
11 Longfellow Investment Management Co LLC 8.56% 2,188,737 $41.8M
12 Cna Financial Corp 8.00% 1,000,000 $19.1M
13 Alps Advisors Inc 7.79% 86,904,208 $1.66B
14 Energy Income Partners, LLC 7.71% 25,654,536 $490.5M
15 Berkley W R Corp 7.52% 8,250,000 $157.7M
16 Tortoise Capital Advisors, L.L.C. 7.39% 37,997,055 $726.5M
17 Cooperman Leon G 7.18% 13,320,100 $254.7M
18 Recurrent Investment Advisors LLC 7.04% 5,935,394 $113.5M
19 Belfer Management LLC 7.02% 22,155 $424K
20 RR Advisors, LLC 6.83% 1,235,260 $23.6M
21 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 6.78% 7,923,600 $151.5M
22 Concorde Financial Corp 6.32% 410,387 $7.8M
23 Lonestar Capital Management LLC 4.98% 900,000 $17.2M
24 FFG Partners, LLC 4.79% 883,770 $16.9M
25 Infrastructure Capital Advisors, LLC 4.66% 4,163,933 $79.6M
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 — 3 quarters in a row: For 3 consecutive quarters, 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 — 59% buying: Last quarter: 647 funds bought or added vs 454 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?

Elite ownership — 45% AUM from top-100 funds: 38 of 1294 holders are among the 100 largest funds by AUM, controlling 45% of total institutional value in ET. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ET?

65% of holders stayed for 2+ years: 852 out of 1,301 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.

Is it too late to buy Energy Transfer L P (ET) following the 2026 Q2 hedge fund 13F filings?

As of today, ET has moved +0.3% since the 2026 Q2 13F filing date (August 14, 2026), compared to +3.4% for the XLE sector ETF — an outperformance of -3.1%. Since the quarter end (June 30, 2026), ET has gained +10.4% vs +20.6% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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