Vault-13

CRESTWOOD EQUITY PARTNERS LP CEQP

UNIT LTD PARTNER · MLP · CUSIP 226344208

152 institutional holders +4 vs Q1 2023
58,506,74958.5m shares reported held*
$1.5bnreported value*
15 new 46 added 40 reduced 12 sold out net bought ≈ $86.7m (+3.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $26.48. Options: 9 managers hold calls ($12.2m notional), 8 hold puts ($8.8m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 162Q4 22: 149Q1 23: 148Q2 23: 152152Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022162
Q4 2022149
Q1 2023148
Q2 2023152

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 64 bought or addedQ4 22: 56 cut or sold outQ4 22Q1 23: 66 bought or addedQ1 23: 59 cut or sold outQ1 23Q2 23: 61 bought or addedQ2 23: 52 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226456
Q1 20236659
Q2 20236152

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $38.2mQ3 22 puts: $16.8mQ3 22P/C 0.44Q4 22 calls: $27.5mQ4 22 puts: $7.0mQ4 22P/C 0.26Q1 23 calls: $8.7mQ1 23 puts: $9.1mQ1 23P/C 1.05Q2 23 calls: $12.2mQ2 23 puts: $8.8mQ2 23P/C 0.72
Numbers
QuarterCallsPutsP/C
Q3 2022$38.2m$16.8m0.44
Q4 2022$27.5m$7.0m0.26
Q1 2023$8.7m$9.1m1.05
Q2 2023$12.2m$8.8m0.72

Biggest buyers

GOLDMAN SACHS GROUP INC Added +4,503,117+4.5m
Invesco Ltd. Added +1,461,155+1.5m
ALPS ADVISORS INC Added +929,206+929.2k
Brookfield Corp /ON/ Added +369,554+369.6k
Mirae Asset Global Investments Co., Ltd. Added +128,965+129.0k
BNP PARIBAS FINANCIAL MARKETS Added +103,306+103.3k
JENNISON ASSOCIATES LLC Added +101,533+101.5k
JANE STREET GROUP, LLC Added +84,927+84.9k
OSAIC HOLDINGS, INC. Added +73,641+73.6k
EXCHANGE TRADED CONCEPTS, LLC New +73,320+73.3k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -2,599,493-2.6m
UBS Group AG Reduced -429,483-429.5k
WESTWOOD HOLDINGS GROUP INC Reduced -367,916-367.9k
JPMORGAN CHASE & CO Reduced -319,498-319.5k
BARCLAYS PLC Reduced -280,961-281.0k
MORGAN STANLEY Reduced -217,718-217.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -215,365-215.4k
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT Reduced -146,596-146.6k
CITIGROUP INC Reduced -59,890-59.9k
EAGLE GLOBAL ADVISORS LLC Reduced -34,995-35.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.8m219.4k shares
CITADEL ADVISORS LLC Reduced $2.5m94.5k shares
JANE STREET GROUP, LLC Added $1.3m50.4k shares
SIMPLEX TRADING, LLC Added $1.2m45.0k shares
WOLVERINE TRADING, LLC New $668.4k25.3k shares
GROUP ONE TRADING LLC Added $407.8k15.4k shares
Fortitude Advisory Group L.L.C. Unchanged $248.3k10.0k shares
Cutler Group LLC / CA Added $36.0k16.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.6m174.0k shares
PEAK6 Investments LLC Added $2.5m93.0k shares
CITADEL ADVISORS LLC Reduced $1.0m38.4k shares
WOLVERINE TRADING, LLC Added $496.7k18.8k shares
GROUP ONE TRADING LLC Reduced $164.2k6.2k shares
SIMPLEX TRADING, LLC Reduced $84.0k3.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $02.2k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALPS ADVISORS INC 3.08% of their portfolio Denver, CO 13,409,51513.4m $355.1m $355.1m 3.08% Added +929.2k +929,206
2 First Reserve GP XIII Ltd 100.00% of their portfolio Stamford, CT 11,275,54611.3m $298.6m $298.6m 100.00% Unchanged
3 Invesco Ltd. 0.04% of their portfolio ATLANTA, GA 5,741,7185.7m $152.0m $152.0m 0.04% Added +1.5m +1,461,155
4 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 4,516,3834.5m $119.6m $119.6m 0.03% Added +4.5m +4,503,117
5 Mirae Asset Global Investments Co., Ltd. 0.17% of their portfolio SEOUL, M5 2,947,5492.9m $78.1m $78.1m 0.17% Added +129.0k +128,965
6 Clearbridge Investments, LLC 0.06% of their portfolio NEW YORK, NY 2,521,2982.5m $66.8m $66.8m 0.06% Added +45.4k +45,380
7 TORTOISE CAPITAL ADVISORS, L.L.C. 1.01% of their portfolio OVERLAND PARK, KS 2,502,9592.5m $66.3m $66.3m 1.01% Reduced -32.6k -32,610
8 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 2.71% of their portfolio DALLAS, TX 1,058,7111.1m $28.0m $28.0m 2.71% Reduced -146.6k -146,596
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 959,727959.7k $25.4m $25.4m 0.00% Reduced -319.5k -319,498
10 CHICKASAW CAPITAL MANAGEMENT LLC 1.39% of their portfolio MEMPHIS, TN 947,024947.0k $25.1m $25.1m 1.39% Added +26.5k +26,499
11 INFRASTRUCTURE CAPITAL ADVISORS, LLC 3.62% of their portfolio New York, NY 929,763929.8k $24.6m $24.6m 3.62% Added +31.7k +31,706
12 Brookfield Corp /ON/ 0.08% of their portfolio TORONTO, A6 803,586803.6k $21.3m $21.3m 0.08% Added +369.6k +369,554
13 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 751,428751.4k $19.9m $19.9m 0.02% Added +101.5k +101,533
14 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 749,900749.9k $19.9m $19.9m 0.04% Unchanged
15 WESTWOOD HOLDINGS GROUP INC 0.17% of their portfolio DALLAS, TX 734,521734.5k $19.4m $19.4m 0.17% Reduced -367.9k -367,916
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 578,493578.5k $15.3m $15.3m 0.00% Reduced -217.7k -217,718
17 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 541,349541.3k $14.3m $14.3m 0.02% Reduced -2.3k -2,337
18 MONETA GROUP INVESTMENT ADVISORS LLC 0.31% of their portfolio ST LOUIS, MO 534,238534.2k $14.1m $14.1m 0.31% Unchanged
19 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 3.11% of their portfolio BOSTON, MA 511,977512.0k $13.6m $13.6m 3.11% Added +46.4k +46,400
20 Mariner, LLC 0.03% of their portfolio Overland Park, KS 405,954406.0k $10.7m $10.7m 0.03% Reduced -18.7k -18,744
21 MILLER HOWARD INVESTMENTS INC /NY 0.38% of their portfolio KINGSTON, NY 400,384400.4k $10.6m $10.6m 0.38% Reduced -4.5k -4,544
22 Blackstone Inc. 0.04% of their portfolio NEW YORK, NY 359,142359.1k $9.5m $9.5m 0.04% Unchanged
23 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 342,360342.4k $9.1m $9.1m 0.00% Added +13.2k +13,158
24 EAGLE GLOBAL ADVISORS LLC 0.58% of their portfolio Houston, TX 335,040335.0k $8.9m $8.9m 0.58% Reduced -35.0k -34,995
25 NBW CAPITAL LLC 1.97% of their portfolio BOSTON, MA 318,188318.2k $8.4m $8.4m 1.97% Reduced -3.9k -3,852
26 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 298,716298.7k $7.9m $7.9m 0.01% Reduced -281.0k -280,961
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 288,871288.9k $7.6m $7.6m 0.00% Reduced -2.6m -2,599,493
28 UBS Group AG 0.00% of their portfolio ZURICH, V8 277,773277.8k $7.4m $7.4m 0.00% Reduced -429.5k -429,483
29 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 260,854260.9k $6.9m $6.9m 0.01% Added +73.6k +73,641
30 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 244,889244.9k $6.5m $6.5m 0.01% Added +14.1k +14,142
31 Prime Capital Investment Advisors, LLC 0.10% of their portfolio OVERLAND PARK, KS 189,899189.9k $5.0m $5.0m 0.10% Added +2.8k +2,790
32 Catalyst Capital Advisors LLC 0.12% of their portfolio San Juan, PR 159,072159.1k $4.2m $4.2m 0.12% Unchanged
33 KAYNE ANDERSON CAPITAL ADVISORS LP 0.12% of their portfolio LOS ANGELES, CA 154,190154.2k $4.1m $4.1m 0.12% Reduced -9.6k -9,610
34 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 153,055153.1k $4.1m $4.1m 0.01% Added +103.3k +103,306
35 NATIXIS 0.03% of their portfolio PARIS, I0 147,600147.6k $3.9m $3.9m 0.03% Reduced -17.8k -17,800
36 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 147,577147.6k $3.9m $3.9m 0.00% Reduced -24.3k -24,322
37 Bramshill Investments, LLC 0.34% of their portfolio NAPLES, FL 140,396140.4k $3.7m $3.7m 0.34% Added +17.7k +17,725
38 Fractal Investments LLC 0.65% of their portfolio Glastonbury, CT 109,922109.9k $2.9m $2.9m 0.65% Added +39.8k +39,806
39 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 106,731106.7k $2.8m $2.8m 0.00% Added +84.9k +84,927
40 SENTINEL TRUST CO LBA 0.36% of their portfolio HOUSTON, TX 100,000100.0k $2.6m $2.6m 0.36% Unchanged
41 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 91,22191.2k $2.4m $2.4m 0.05% Added +2.6k +2,644
42 Maryland State Retirement & Pension System 0.05% of their portfolio BALTIMORE, MD 82,26982.3k $2.2m $2.2m 0.05% Added +2.9k +2,940
43 Advisors Capital Management, LLC 0.05% of their portfolio RIDGEWOOD, NJ 75,38975.4k $2.0m $2.0m 0.05% Added +9.0k +9,048
44 EXCHANGE TRADED CONCEPTS, LLC 0.05% of their portfolio Oklahoma City, OK 73,32073.3k $1.9m $1.9m 0.05% New
45 Tortoise Index Solutions, LLC 0.40% of their portfolio OVERLAND PARK, KS 73,32073.3k $1.9m $1.9m 0.40% Reduced -7.8k -7,776
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,01167.0k $1.8m $1.8m 0.00% Added +1.6k +1,550
47 U.S. Capital Wealth Advisors, LLC 0.07% of their portfolio AUSTIN, TX 55,46355.5k $1.5m $1.5m 0.07% Unchanged
48 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 53,52953.5k $1.4m $1.4m 0.05% Added +299 +299
49 GraniteShares Advisors LLC 1.24% of their portfolio NEW YORK, NY 51,74851.7k $1.4m $1.4m 1.24% Reduced -551 -551
50 Cannell & Co. 0.04% of their portfolio New York, NY 48,45048.5k $1.3m $1.3m 0.04% Unchanged
51 Sowell Financial Services LLC 0.07% of their portfolio NORTH LITTLE ROCK, AR 46,63046.6k $1.2m $1.2m 0.07% Added +29 +29
52 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 45,53745.5k $1.2m $1.2m 0.00% Reduced -2.0k -2,015
53 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 44,21444.2k $1.2m $1.2m 0.00% Unchanged
54 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 37,98838.0k $1.0m $1.0m 0.00% Added +25.0k +24,996
55 Penbrook Management LLC 0.67% of their portfolio NEW YORK, NY 34,70034.7k $918.9k $918.9k 0.67% Unchanged
56 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 33,42633.4k $887.0k $887.0k 0.00% Reduced -2.3k -2,339
57 Jump Financial, LLC 0.03% of their portfolio Chicago, IL 25,96426.0k $687.5k $687.5k 0.03% New
58 Apollon Wealth Management, LLC 0.03% of their portfolio MOUNT PLEASANT, SC 23,85323.9k $631.6k $631.6k 0.03% Added +12.5k +12,502
59 Brookstone Capital Management 0.01% of their portfolio WHEATON, IL 21,57921.6k $588.9k $588.9k 0.01% Added +597 +597
60 SL ADVISORS, LLC 1.27% of their portfolio NAPLES, FL 21,34621.3k $565.2k $565.2k 1.27% Added +1.1k +1,054
61 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 20,60020.6k $545.5k $545.5k 0.01% Reduced -174 -174
62 9258 Wealth Management, LLC 0.10% of their portfolio BLUE ASH, OH 19,81519.8k $524.7k $524.7k 0.10% Unchanged
63 Empirical Asset Management, LLC 0.45% of their portfolio WELLESLEY, MA 19,12119.1k $506.3k $506.3k 0.45% Added +535 +535
64 SVB WEALTH LLC 0.01% of their portfolio BOSTON, MA 18,65518.7k $494.0k $494.0k 0.01% Added +2.0k +1,954
65 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 18,13918.1k $480.0k $480.0k 0.00% Added +3.1k +3,061
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 17,88017.9k $473.5k $473.5k 0.00% Reduced -4.1k -4,134
67 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 17,83417.8k $472.2k $472.2k 0.00% Added +1.5k +1,507
68 AMERICAN FINANCIAL GROUP INC 0.14% of their portfolio CINCINNATI, OH 17,00017.0k $450.0k $450.0k 0.14% Added +500 +500
69 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 16,23516.2k $430.0k $430.0k 0.00% Added +1.9k +1,949
70 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 15,47915.5k $409.9k $409.9k 0.00% Added +2.1k +2,104
71 MCDONALD PARTNERS LLC 0.13% of their portfolio CLEVELAND, OH 15,47215.5k $409.7k $409.7k 0.13% Reduced -341 -341
72 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 14,49514.5k $383.8k $383.8k 0.00% Reduced -34.3k -34,310
73 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.06% of their portfolio Fort Collins, CO 14,33614.3k $379.6k $379.6k 0.06% Unchanged
74 Full Sail Capital, LLC 0.03% of their portfolio OKLAHOMA CITY, OK 14,06914.1k $372.5k $372.5k 0.03% Unchanged
75 GRIFFIN ASSET MANAGEMENT, INC. 0.05% of their portfolio New York, NY 13,72613.7k $363.5k $363.5k 0.05% Added +247 +247
76 Stockman Wealth Management, Inc. 0.08% of their portfolio BILLINGS, MT 13,35013.3k $353.5k $353.5k 0.08% Added +300 +300
77 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 13,27713.3k $351.6k $351.6k 0.01% Reduced -4.3k -4,331
78 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio ORLANDO, FL 12,93912.9k $235.5k $235.5k 0.03% New
79 Pettinga Financial Advisors LLC 0.10% of their portfolio EVANSVILLE, IN 12,60012.6k $333.6k $333.6k 0.10% Added +300 +300
80 SANDERS MORRIS HARRIS LLC 0.07% of their portfolio Houston, TX 11,97012.0k $317.0k $317.0k 0.07% Unchanged
81 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,88711.9k $315.0k $315.0k 0.00% Added +134 +134
82 Oxbow Advisors, LLC 0.05% of their portfolio Austin, TX 11,85011.8k $313.8k $313.8k 0.05% Unchanged
83 Claybrook Capital, LLC 0.16% of their portfolio WELLESLEY, MA 11,63711.6k $308.1k $308.1k 0.16% Unchanged
84 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 11,61011.6k $307.4k $307.4k 0.00% New
85 Rockwood Wealth Management, LLC 0.05% of their portfolio New Hope, PA 11,36511.4k $300.9k $300.9k 0.05% Reduced -1 -1
86 Legacy Financial Strategies, LLC 0.10% of their portfolio OVERLAND PARK, KS 11,30011.3k $299.2k $299.2k 0.10% Unchanged
87 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 10,52710.5k $279.0k $279.0k 0.00% Added +1.9k +1,930
88 J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio SAN FRANCISCO, CA 10,45510.5k $276.8k $276.8k 0.00% Reduced -8.8k -8,820
89 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.15% of their portfolio LEAWOOD, KS 10,00110.0k $264.8k $264.8k 0.15% First filing
90 Stratos Wealth Advisors, LLC 0.02% of their portfolio BEACHWOOD, OH 10,00010.0k $264.8k $264.8k 0.02% Unchanged
91 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 9,2659.3k $231.0k $231.0k 0.00% Unchanged
92 CHILTON CAPITAL MANAGEMENT LLC 0.01% of their portfolio HOUSTON, TX 9,1659.2k $242.7k $242.7k 0.01% Unchanged
93 SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.05% of their portfolio SYOSSET, NY 8,0008.0k $211.8k $211.8k 0.05% Unchanged
94 GDS Wealth Management 0.03% of their portfolio FLOWER MOUND, TX 8,0008.0k $211.8k $211.8k 0.03% New
95 GROESBECK INVESTMENT MANAGEMENT CORP /NJ/ 0.32% of their portfolio PARAMUS, NJ 7,8397.8k $208.0k $208.0k 0.32% Reduced -2.1k -2,143
96 Derbend Asset Management 0.14% of their portfolio Peachtree City, GA 7,7327.7k $204.7k $204.7k 0.14% New
97 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 7,5657.6k $200.3k $200.3k 0.00% New
98 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 7,3707.4k $195.2k $195.2k 0.00% Reduced -5.5k -5,478
99 Avion Wealth 0.04% of their portfolio THE WOODLANDS, TX 6,1696.2k $163.0k $163.0k 0.04% Unchanged
100 Lindbrook Capital, LLC 0.02% of their portfolio CALABASAS, CA 5,5375.5k $146.6k $146.6k 0.02% Added +102 +102