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
↑ +43
Streak
2Q ▲
Buyers last Q
61%

Smart Money Signals — ET

Based on 1292 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 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
1,292 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 — +7% more funds vs a year ago

fund count last 6Q
+86 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 61% buying

677 buying438 selling
Last quarter: 677 funds were net buyers (142 opened a brand new position + 535 added to an existing one). Only 438 were sellers (339 trimmed + 99 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~142 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 121 → 101 → 147 → 142. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 19% medium ■ 16% new
838 out of 1,292 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.
📈

Growing discovery — still being found

118 → 121 → 101 → 147 → 142 new funds/Q
New funds entering each quarter: 121 → 101 → 147 → 142. A growing number of institutions are discovering ET each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 67% veterans vs 20% newcomers

■ 67% veterans ■ 13% 1-2yr ■ 20% new
Entry-cohort mix of 1,308 holders: 876 (67%) are 2+ year veterans, 166 entered 1–2 years ago, and 266 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 39% AUM from major funds

39% from top-100 AUM funds
36 of 1285 holders rank in the top 100 by AUM, accounting for 39% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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 Q1, 677 hedge funds were net buyers of ET (142 opened a new position, 535 added to an existing one), while 438 reduced or exited (339 trimmed, 99 sold completely) — a 61% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 39% of total institutional value in ET is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +43 funds (more new holders than closures). Total institutional holders: 1292.

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 Q1 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 March 31, 2026 · 78d ago
ET
-2.5%
XLE
+60816.7%

ET outperformed XLE by -60819.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
ET
-6.6%
XLE
+49740.9%

Since the filing became public, ET outperformed XLE by -49747.5% .

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.

65 top-rated funds 39 high-conviction
Consensus
7.9
/ 10
breadth
×
Elite
6.7
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 1281 1249 2.56%
13F Shares 1.04B 1.05B -0.87%
Total Value $19.51B $17.39B 12.22%
New Positions 139 147 -8
Increased Positions 527 495 +32
Closed Positions 107 115 -8
Reduced Positions 328 358 -30
Total Calls 13 15 -13.33%
Total Puts 7 7 -
PUT/CALL Ratio 0.54 0.47 Bullish

Statistics: ET

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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.

QUARTER:
Top 25 ET holders by conviction (% of portfolio weight) — 2026 Q1 · 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 Kamunting Street Capital Management, L.P. 17.04% 1,616,210 $31.2M
5 Alden Global Capital LLC 14.94% 1,370,511 $26.5M
6 Heronetta Management, L.P. 14.08% 799,229 $15.4M
7 Sl Advisors, LLC 13.88% 424,978 $8.2M
8 Delphi Financial Group, INC. 12.38% 1,421,945 $27.4M
9 Fractal Investments LLC 11.01% 4,820,215 $93.0M
10 Kayne Anderson Capital Advisors LP 9.09% 24,582,320 $474.4M
11 Belfer Management LLC 8.87% 27,482 $530K
12 Longfellow Investment Management Co LLC 8.80% 2,188,737 $42.2M
13 Berkley W R Corp 8.55% 8,250,000 $159.2M
14 Cooperman Leon G 8.43% 13,320,100 $257.1M
15 Tortoise Capital Advisors, L.L.C. 7.93% 39,462,878 $761.6M
16 Energy Income Partners, LLC 7.83% 25,207,455 $486.5M
17 Alps Advisors Inc 7.81% 85,957,579 $1.66B
18 Cna Financial Corp 7.80% 950,000 $18.3M
19 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 7.64% 7,997,600 $154.4M
20 FFG Partners, LLC 6.79% 889,071 $17.2M
21 RR Advisors, LLC 6.61% 1,235,260 $23.8M
22 Recurrent Investment Advisors LLC 6.46% 5,562,381 $107.4M
23 Concorde Financial Corp 6.18% 407,522 $7.9M
24 Pinnacle Wealth Planning Services, Inc. 6.13% 3,074,597 $59.3M
25 Infrastructure Capital Advisors, LLC 5.70% 4,243,763 $81.9M
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 — 2 quarters in a row: For 2 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?

More buyers than sellers — 61% buying: Last quarter: 677 funds were net buyers (142 opened a brand new position + 535 added to an existing one). Only 438 were sellers (339 trimmed + 99 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for ET holders?

Strong quality — 39% AUM from major funds: 36 of 1285 holders rank in the top 100 by AUM, accounting for 39% 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?

65% of holders stayed for 2+ years: 838 out of 1,292 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 Q1 hedge fund 13F filings?

As of today, ET has moved -6.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +49740.9% for the XLE sector ETF — an outperformance of -49747.5%. Since the quarter end (March 31, 2026), ET has gained -2.5% vs +60816.7% 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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