Who owns ET (ET)
Which tracked institutional funds hold ET, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ET company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ET is one-sided between 2025-Q4 and 2026-Q1: 430 added or opened and 64 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ET’s largest tracked holder by dollar value, MORGAN STANLEY, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.4% of theirs — a 0.3pp gap the other way — the median holder sizes ET more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in ET divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 1300 tracked filers holding ET, 683 increased or opened the position and 420 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ET between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 46
- CIBC Bancorp USA Inc.$261M
- MIZUHO MARKETS AMERICAS LLC$62M
- KIM, LLC$24M
- Militia Capital Management LLC$12M
- Merewether Investment Management, LP$10M
- TB Alternative Assets Ltd.$5M
Full exits 23
- First Reserve GP XIII Ltd$385M
- CIBC Private Wealth Group LLC$253M
- ABRAMS CAPITAL MANAGEMENT, L.P.$101M
- HSBC HOLDINGS PLC$42M
- NewEdge Advisors, LLC$14M
- Militia Capital Partners, LP$10M
Largest adds
- JPMORGAN CHASE & CO$809M
- WESTWOOD HOLDINGS GROUP INC$322M
- GOLDMAN SACHS GROUP INC$315M
- ALPS ADVISORS INC$276M
- MORGAN STANLEY$260M
- Blackstone Inc.$176M
Largest trims
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$71M
- BANK OF MONTREAL /CAN/$43M
- Jump Financial, LLC$42M
- Corient Private Wealth LLC$17M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$10M
- LONGFELLOW INVESTMENT MANAGEMENT CO LLC$8M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| MORGAN STANLEY added | 87,230,414 | $1.7B | 8.9% | 2026-Q1 |
| ALPS ADVISORS INC added | 85,957,579 | $1.7B | 8.8% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 72,210,991 | $1.4B | 7.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 60,419,647 | $1.2B | 6.2% | 2026-Q1 |
| Invesco Ltd. added | 55,936,101 | $1.1B | 5.7% | 2026-Q1 |
| TORTOISE CAPITAL ADVISORS, L.L.C. added | 39,462,878 | $762M | 4.0% | 2026-Q1 |
| Blackstone Inc. added | 31,120,745 | $601M | 3.2% | 2026-Q1 |
| UBS Group AG trimmed | 30,973,018 | $598M | 3.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 30,956,358 | $597M | 3.2% | 2026-Q1 |
| Energy Income Partners, LLC added | 25,207,455 | $487M | 2.6% | 2026-Q1 |
| KAYNE ANDERSON CAPITAL ADVISORS LP added | 24,582,320 | $474M | 2.5% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 23,898,200 | $461M | 2.4% | 2026-Q1 |
| FMR LLC added | 23,755,395 | $458M | 2.4% | 2026-Q1 |
| NATIXIS added | 21,379,124 | $413M | 2.2% | 2026-Q1 |
| WESTWOOD HOLDINGS GROUP INC added | 16,984,384 | $328M | 1.7% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 15,839,816 | $306M | 1.6% | 2026-Q1 |
| CHICKASAW CAPITAL MANAGEMENT LLC trimmed | 15,494,678 | $299M | 1.6% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 13,503,824 | $261M | 1.4% | 2026-Q1 |
| COOPERMAN LEON G | 13,320,100 | $257M | 1.4% | 2026-Q1 |
| Clearbridge Investments, LLC added | 13,108,051 | $253M | 1.3% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 11,033,080 | $213M | 1.1% | 2026-Q1 |
| BARCLAYS PLC added | 9,882,131 | $191M | 1.0% | 2026-Q1 |
| BERKLEY W R CORP | 8,250,000 | $159M | 0.8% | 2026-Q1 |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT added | 7,997,600 | $154M | 0.8% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 7,838,287 | $151M | 0.8% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 6,691,054 | $129M | 0.7% | 2026-Q1 |
| EAGLE GLOBAL ADVISORS LLC trimmed | 6,459,576 | $125M | 0.7% | 2026-Q1 |
| BROOKFIELD Corp /ON/ trimmed | 6,445,333 | $124M | 0.7% | 2026-Q1 |
| Patient Capital Management, LLC added | 6,088,203 | $118M | 0.6% | 2026-Q1 |
| Recurrent Investment Advisors LLC added | 5,562,381 | $107M | 0.6% | 2026-Q1 |
| Garrett Wealth Advisory Group, LLC added | 5,479,308 | $106M | 0.6% | 2026-Q1 |
| Stephens Group, LLC trimmed | 5,444,597 | $105M | 0.6% | 2026-Q1 |
| CITIGROUP INC added | 5,385,988 | $104M | 0.5% | 2026-Q1 |
| MILLER HOWARD INVESTMENTS INC /NY trimmed | 5,216,847 | $101M | 0.5% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 5,137,141 | $99M | 0.5% | 2026-Q1 |
| COMMERCE BANK added | 5,028,697 | $97M | 0.5% | 2026-Q1 |
| Fractal Investments LLC added | 4,820,215 | $93M | 0.5% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 4,777,400 | $92M | 0.5% | 2026-Q1 |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO added | 4,346,738 | $84M | 0.4% | 2026-Q1 |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC added | 4,243,763 | $82M | 0.4% | 2026-Q1 |
| BlackRock, Inc. added | 4,000,999 | $77M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 3,985,096 | $77M | 0.4% | 2026-Q1 |
| COHEN & STEERS, INC. added | 3,550,610 | $69M | 0.4% | 2026-Q1 |
| Employees Retirement System of Texas added | 3,349,808 | $65M | 0.3% | 2026-Q1 |
| Long Focus Capital Management, LLC | 3,342,400 | $65M | 0.3% | 2026-Q1 |
| Americana Partners, LLC added | 3,232,925 | $62M | 0.3% | 2026-Q1 |
| MIZUHO MARKETS AMERICAS LLC added | 3,200,000 | $62M | 0.3% | 2026-Q1 |
| Pinnacle Wealth Planning Services, Inc. trimmed | 3,074,597 | $59M | 0.3% | 2026-Q1 |
| Maryland State Retirement & Pension System trimmed | 2,849,140 | $55M | 0.3% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 2,846,754 | $55M | 0.3% | 2026-Q1 |
| HighTower Advisors, LLC added | 2,818,232 | $54M | 0.3% | 2026-Q1 |
| Progeny 3, Inc. trimmed | 2,743,907 | $53M | 0.3% | 2026-Q1 |
| Allianz Asset Management GmbH added | 2,652,966 | $51M | 0.3% | 2026-Q1 |
| Philosophy Capital Management LLC trimmed | 2,267,928 | $44M | 0.2% | 2026-Q1 |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC trimmed | 2,188,737 | $42M | 0.2% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 2,158,739 | $42M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 2,073,255 | $40M | 0.2% | 2026-Q1 |
| WALNUT PRIVATE EQUITY PARTNERS, LLC | 2,047,500 | $40M | 0.2% | 2026-Q1 |
| Northside Capital Management, LLC trimmed | 2,009,261 | $39M | 0.2% | 2026-Q1 |
| Zurich Insurance Group Ltd/FI | 1,990,834 | $38M | 0.2% | 2026-Q1 |
| Empowered Funds, LLC added | 1,982,403 | $38M | 0.2% | 2026-Q1 |
| Catalyst Capital Advisors LLC trimmed | 1,939,020 | $37M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 1,922,976 | $37M | 0.2% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC added | 1,903,180 | $37M | 0.2% | 2026-Q1 |
| Sanctuary Advisors, LLC added | 1,888,661 | $36M | 0.2% | 2026-Q1 |
| Callodine Capital Management, LP added | 1,875,000 | $36M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,872,749 | $36M | 0.2% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 1,752,473 | $34M | 0.2% | 2026-Q1 |
| Waverly Advisors, LLC added | 1,725,843 | $33M | 0.2% | 2026-Q1 |
| Kamunting Street Capital Management, L.P. trimmed | 1,616,210 | $31M | 0.2% | 2026-Q1 |
| JENNISON ASSOCIATES LLC added | 1,584,039 | $31M | 0.2% | 2026-Q1 |
| Appaloosa LP trimmed | 1,576,125 | $30M | 0.2% | 2026-Q1 |
| Private Capital Advisors, Inc. added | 1,485,158 | $29M | 0.2% | 2026-Q1 |
| Adams Asset Advisors, LLC added | 1,441,757 | $28M | 0.1% | 2026-Q1 |
| Delphi Financial Group, Inc. | 1,421,945 | $27M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 1,421,473 | $27M | 0.1% | 2026-Q1 |
| Empirical Finance, LLC added | 1,404,756 | $27M | 0.1% | 2026-Q1 |
| Aptus Capital Advisors, LLC added | 1,397,277 | $27M | 0.1% | 2026-Q1 |
| Kestra Advisory Services, LLC added | 1,389,504 | $27M | 0.1% | 2026-Q1 |
| STEPHENS INC /AR/ trimmed | 1,380,437 | $27M | 0.1% | 2026-Q1 |
| Alden Global Capital LLC | 1,370,511 | $26M | 0.1% | 2026-Q1 |
| MONETA GROUP INVESTMENT ADVISORS LLC added | 1,350,371 | $26M | 0.1% | 2026-Q1 |
| Pathstone Holdings, LLC added | 1,343,586 | $26M | 0.1% | 2026-Q1 |
| Texas Yale Capital Corp. | 1,311,965 | $25M | 0.1% | 2026-Q1 |
| GABELLI FUNDS LLC trimmed | 1,285,825 | $25M | 0.1% | 2026-Q1 |
| KIM, LLC new | 2,074,034 | $24M | 0.1% | 2026-Q1 |
| RR Advisors, LLC added | 1,235,260 | $24M | 0.1% | 2026-Q1 |
| BLACKHILL CAPITAL INC added | 1,200,000 | $23M | 0.1% | 2026-Q1 |
| Creative Planning added | 1,174,396 | $23M | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,145,533 | $22M | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 1,100,207 | $21M | 0.1% | 2026-Q1 |
| MANNING & NAPIER ADVISORS LLC added | 1,100,000 | $21M | 0.1% | 2026-Q1 |
| NEOS Investment Management LLC added | 1,071,247 | $21M | 0.1% | 2026-Q1 |
| First Reserve GP XIII Ltd | 23,340,380 | $385M | 2.0% | 2025-Q4 stale |
| CIBC Private Wealth Group LLC added | 15,366,720 | $253M | 1.3% | 2025-Q4 stale |
| ABRAMS CAPITAL MANAGEMENT, L.P. trimmed | 6,115,417 | $101M | 0.5% | 2025-Q4 stale |
| AMUNDI | 3,859,188 | $68M | 0.4% | 2025-Q1 stale |
| BEACH INVESTMENT COUNSEL INC/PA trimmed | 2,666,295 | $50M | 0.3% | 2025-Q1 stale |
| HSBC HOLDINGS PLC | 2,563,415 | $42M | 0.2% | 2025-Q4 stale |
| Newbrook Capital Advisors LP new | 1,469,224 | $27M | 0.1% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.