Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Western Midstream Partners L (WES)

366 + Investors. Track Smart Money conviction in WES. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +20
Streak
4Q ▲
Buyers last Q
57%

Smart Money Signals — WES

Based on 368 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds added WES 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
368 hedge funds hold WES 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.
🚀

Fast accumulation — +34% more funds vs a year ago

fund count last 6Q
+94 new funds entered over the past year (+34% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 57% buying

168 buying127 selling
Last quarter: 168 funds bought or added vs 127 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.
➡️

Steady new buyers — ~50 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 36 → 67 → 54 → 50. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

50% of holders stayed for 2+ years

■ 50% conviction (2yr+) ■ 23% medium ■ 27% new
185 out of 368 hedge funds have held WES 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 — ~50 new funds/quarter

35 → 36 → 67 → 54 → 50 new funds/Q
New funds entering each quarter: 36 → 67 → 54 → 50. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 53% veterans vs 30% newcomers

■ 53% veterans ■ 17% 1-2yr ■ 30% new
Entry-cohort mix of 375 holders: 198 (53%) are 2+ year veterans, 64 entered 1–2 years ago, and 113 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
35 of 368 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in WES. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — WES

In 2026 Q2, 168 hedge funds were net buyers of WES (50 opened a new position, 118 added to an existing one), while 127 reduced or exited (97 trimmed, 30 sold completely) — a 57% buyer ratio, indicating a slight buying edge. This marks 4 consecutive quarters of net institutional buying — a persistent conviction signal. 48% of total institutional value in WES is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +20 funds (more new holders than closures). Total institutional holders: 368.

Hedge Fund Ownership: WES

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

Market Analysis: WES

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WES

-- --

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

Is It Too Late to Buy Western Midstream Partners L (WES) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WES 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 · 80d ago
WES
+7.2%
XLE
+21.4%

WES outperformed XLE by -14.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 35d ago
WES
-4.1%
XLE
+4.2%

Since the filing became public, WES outperformed XLE by -8.3% .

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 ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

17 top-rated funds 16 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
6.3
/ 10
conviction
Hedge Fund Positioning: WES
366 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 366 348 5.17%
13F Shares 168M 166M 1.37%
Total Value $7.10B $6.59B 7.82%
New Positions 50 54 -4
Increased Positions 115 139 -24
Closed Positions 32 30 +2
Reduced Positions 94 66 +28
Total Calls 3 5 -40.0%
Total Puts 4 6 -33.33%
PUT/CALL Ratio 1.33 1.2 Bearish

Statistics: WES

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Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

366 + investors

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

QUARTER:
Top 25 WES holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Heronetta Management, L.P. 8.29% 206,361 $9.0M
2 Longfellow Investment Management Co LLC 8.18% 914,525 $40.0M
3 Fractal Investments LLC 7.70% 1,524,646 $66.7M
4 Alps Advisors Inc 7.52% 36,629,600 $1.60B
5 Belfer Management LLC 7.31% 10,081 $441K
6 Terril Brothers, INC. 4.55% 402,969 $17.6M
7 RR Advisors, LLC 4.51% 356,123 $15.6M
8 Kayne Anderson Capital Advisors LP 3.37% 3,928,197 $171.9M
9 Infrastructure Capital Advisors, LLC 3.12% 1,217,182 $53.3M
10 Recurrent Investment Advisors LLC 3.08% 1,133,291 $49.6M
11 Amplify Investments, LLC 3.05% 5,040 $221K
12 Slotnik Capital, LLC 2.97% 262,614 $11.5M
13 Tortoise Capital Advisors, L.L.C. 2.89% 6,506,154 $284.7M
14 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 2.47% 1,259,900 $55.1M
15 Sovereign Investment Advisors, LLC 2.25% 274,479 $12.0M
16 GraniteShares Advisors LLC 1.98% 70,436 $3.1M
17 Miller Howard Investments Inc /Ny 1.91% 1,648,942 $72.2M
18 Adams Asset Advisors, LLC 1.86% 374,823 $16.4M
19 Sl Advisors, LLC 1.80% 23,466 $1.0M
20 Eagle Global Advisors LLC 1.51% 1,041,420 $45.6M
21 Ellsworth Advisors, LLC 1.29% 172,429 $7.8M
22 Knollwood Investment Advisory, LLC 1.17% 301,032 $13.2M
23 ELCO Management Co., LLC 0.93% 49,437 $2.2M
24 Gruss & Co., LLC 0.91% 8,500 $372K
25 Albert D Mason Inc 0.89% 35,672 $1.6M
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 — Western Midstream Partners L (WES)

What does the Smart Money Trend signal show for WES?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added WES 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 WES?

Slight buying edge — 57% buying: Last quarter: 168 funds bought or added vs 127 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 WES holders?

Elite ownership — 48% AUM from top-100 funds: 35 of 368 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in WES. 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 WES?

50% of holders stayed for 2+ years: 185 out of 368 hedge funds have held WES 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 Western Midstream Partners L (WES) following the 2026 Q2 hedge fund 13F filings?

As of today, WES has moved -4.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to +4.2% for the XLE sector ETF — an outperformance of -8.3%. Since the quarter end (June 30, 2026), WES has gained +7.2% vs +21.4% 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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