DT MIDSTREAM INC DTM
COMMON STOCK · Common Stock · CUSIP 23345M107
- SectorUtilities
- IndustryNatural Gas Transmission
- HeadquartersDetroit, MI
- FilingsSEC EDGAR
* 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 ($41.7m this quarter). Holder counts are more reliable. Shares outstanding: 101.6m as of 2025-03-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $97.34. Options: 7 managers hold calls ($7.0m notional), 3 hold puts ($337.7k).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 404 |
| Q4 2022 | 434 |
| Q1 2023 | 419 |
| Q2 2023 | 409 |
| Q3 2023 | 401 |
| Q4 2023 | 431 |
| Q1 2024 | 465 |
| Q2 2024 | 476 |
| Q3 2024 | 501 |
| Q4 2024 | 583 |
| Q1 2025 | 607 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 141 | 191 |
| Q3 2023 | 150 | 180 |
| Q4 2023 | 161 | 171 |
| Q1 2024 | 194 | 178 |
| Q2 2024 | 204 | 187 |
| Q3 2024 | 224 | 182 |
| Q4 2024 | 281 | 180 |
| Q1 2025 | 301 | 232 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $3.8m | $28.4k | 0.01 |
| Q3 2024 | $4.3m | $275.3k | 0.06 |
| Q4 2024 | $4.7m | $376.9k | 0.08 |
| Q1 2025 | $7.0m | $337.7k | 0.05 |
Biggest buyers
| Blackstone Inc. | Added | +1.6m |
| NEUBERGER BERMAN GROUP LLC | Added | +785.5k |
| VANGUARD GROUP INC | Added | +621.2k |
| JANE STREET GROUP, LLC | Added | +393.5k |
| CITADEL ADVISORS LLC | Added | +385.9k |
| UBS Group AG | Added | +371.7k |
| HITE Hedge Asset Management LLC | New | +322.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +301.4k |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Added | +282.9k |
| ProShare Advisors LLC | Added | +271.7k |
Biggest sellers
| Pacer Advisors, Inc. | Reduced | -1.9m |
| Standard Investments LLC | Sold out | -965.0k |
| Brookfield Corp /ON/ | Reduced | -902.8k |
| FMR LLC | Reduced | -733.0k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -685.4k |
| Verition Fund Management LLC | Reduced | -620.3k |
| T. Rowe Price Investment Management, Inc. | Reduced | -573.5k |
| GOLDMAN SACHS GROUP INC | Reduced | -483.2k |
| FIRST TRUST ADVISORS LP | Reduced | -463.9k |
| EVENTIDE ASSET MANAGEMENT, LLC | Reduced | -427.7k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.1m32.4k shares |
| Cubist Systematic Strategies, LLC | Added | $2.3m23.5k shares |
| SIMPLEX TRADING, LLC | Added | $926.0k9.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $366.6k3.8k shares |
| PEAK6 LLC | Reduced | $202.6k2.1k shares |
| GROUP ONE TRADING LLC | Reduced | $154.4k1.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Cubist Systematic Strategies, LLC | New | $221.9k2.3k shares |
| CITADEL ADVISORS LLC | Reduced | $115.8k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +0.2 pts · filed 2025-10-03 | 10.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 4 | $472.4k | 0 | — | — |
| Q3 2023 | 3 | $24.3k | 0 | — | — |
| Q4 2023 | 3 | $22.4k | 0 | — | — |
| Q1 2024 | 3 | $91.6k | 0 | — | — |
| Q2 2024 | 3 | $31.3k | 0 | — | — |
| Q3 2024 | 3 | $21.1k | 0 | — | — |
| Q4 2024 | 2 | $6.3k | 0 | — | — |
| Q1 2025 | 2 | $103.4k | 1 | $1.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-10 | SKAGGS ROBERT C JR Director | Bought | $86.9k1.0k shares |
| 2025-03-04 | Ellis Wendy E.V.P., Gen Counsel & Corp Sec | Sold | $1.8m18.9k shares |
| 2025-03-03 | Jewell Jeffrey A Executive V.P., CFO | Bought | $16.4k170 shares |
| 2025-01-16 | SKAGGS ROBERT C JR Director | Bought | $40 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 11.2m $1.1bn | Added +621.2k |
| BlackRock, Inc. 0.02% of their portfolio | 10.6m $1.0bn | Added +163.9k |
| STATE STREET CORP 0.01% of their portfolio | 3.6m $348.2m | Added +162.7k |
| Blackstone Inc. 1.37% of their portfolio | 3.2m $312.2m | Added +1.6m |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 3.0m $293.3m | Reduced -685.4k |
| DEUTSCHE BANK AG\ 0.11% of their portfolio | 2.8m $270.8m | Reduced -25.2k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.8m $268.0m | Reduced -483.2k |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 2.4m $227.5m | Added +785.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.3m $217.4m | Reduced -200.0k |
| CITADEL ADVISORS LLC 0.16% of their portfolio | 1.7m $167.8m | Added +385.9k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 1.85% of their portfolio | 1.6m $152.7m | Added +282.9k |
| Invesco Ltd. 0.03% of their portfolio | 1.4m $139.1m | Reduced -46.4k |
| NORGES BANK 0.02% of their portfolio | 1.2m $119.8m | Added +39.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.25% of their portfolio | 1.2m $119.3m | Added +131.1k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.2m $111.6m | Added +94.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.1m $110.8m | Added +5.2k |
| Capital Research Global Investors 0.02% of their portfolio | 1.1m $109.3m | Added +233 |
| WESTWOOD HOLDINGS GROUP INC 0.77% of their portfolio | 1.1m $101.9m | Reduced -27.7k |
| Brookfield Corp /ON/ 0.09% of their portfolio | 1.0m $99.8m | Reduced -902.8k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.0m $99.1m | Reduced -24.5k |
| MORGAN STANLEY 0.01% of their portfolio | 1.0m $98.8m | Added +79.2k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 868.6k $83.8m | Reduced -145.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 850.1k $82.0m | Reduced -200.5k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 804.7k $77.2m | Added +301.4k |
| Energy Income Partners, LLC 1.43% of their portfolio | 776.6k $74.9m | Added +12.0k |
| REAVES W H & CO INC 1.86% of their portfolio | 755.5k $72.9m | Reduced -226.3k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.47% of their portfolio | 750.6k $72.4m | Reduced -33.9k |
| Zimmer Partners, LP 1.43% of their portfolio | 729.6k $70.4m | Reduced -20.4k |
| Aventail Capital Group, LP 3.34% of their portfolio | 700.2k $67.6m | Added +24.2k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 1.44% of their portfolio | 677.4k $65.4m | Reduced -1.1k |
| UBS Group AG 0.01% of their portfolio | 620.0k $59.8m | Added +371.7k |
| CIBC Private Wealth Group LLC 0.10% of their portfolio | 535.9k $47.5m | Added +133.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 532.5k $51.4m | Added +265.7k |
| EAGLE GLOBAL ADVISORS LLC 1.93% of their portfolio | 485.5k $46.8m | Added +50.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.11% of their portfolio | 434.7k $41.9m | Reduced -107.2k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 429.0k $41.4m | Reduced -29.8k |
| California Public Employees Retirement System 0.03% of their portfolio | 426.8k $41.2m | Added +15.2k |
| Bahl & Gaynor LLC 0.21% of their portfolio | 422.7k $40.8m | Added +206.7k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 412.3k $39.8m | Reduced -33.4k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 401.2k $38.7m | Added +393.5k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.44% of their portfolio | 385.2k $37.2m | Reduced -3.4k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 374.3k $36.1m | Reduced -36.1k |
| Recurrent Investment Advisors LLC 2.86% of their portfolio | 350.2k $33.8m | Added +10.6k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 349.2k $33.7m | Added +162.2k |
| Nuveen, LLC 0.01% of their portfolio | 347.5k $33.5m | First filing |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.93% of their portfolio | 345.5k $33.3m | Added +29 |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 324.8k $31.3m | Reduced -463.9k |
| HITE Hedge Asset Management LLC 1.93% of their portfolio | 322.8k $31.1m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 317.7k $30.7m | Added +184.6k |
| CHICKASAW CAPITAL MANAGEMENT LLC 1.16% of their portfolio | 310.9k $30.0m | Reduced -6.3k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 290.6k $28.0m | Added +6.1k |
| BARCLAYS PLC 0.01% of their portfolio | 285.6k $27.6m | Added +2.1k |
| Legal & General Group Plc 0.01% of their portfolio | 284.6k $27.5m | Added +9.0k |
| ProShare Advisors LLC 0.06% of their portfolio | 283.5k $27.4m | Added +271.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 276.2k $26.7m | Added +31.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 264.6k $25.5m | Added +20.5k |
| Bridgewater Associates, LP 0.12% of their portfolio | 264.0k $25.5m | Reduced -30.3k |
| Focus Partners Wealth 0.06% of their portfolio | 248.3k $24.0m | Reduced -239.2k |
| Retirement Systems of Alabama 0.09% of their portfolio | 243.7k $23.5m | Reduced -1.7k |
| ALPS ADVISORS INC 0.13% of their portfolio | 232.5k $22.4m | Added +49.3k |
| Pacer Advisors, Inc. 0.05% of their portfolio | 223.2k $21.5m | Reduced -1.9m |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 222.5k $21.5m | Added +6.7k |
| Yaupon Capital Management LP 1.53% of their portfolio | 216.5k $20.9m | Added +14.1k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 213.4k $20.6m | Reduced -18.8k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 212.9k $20.5m | Reduced -573.5k |
| Sourcerock Group LLC 1.14% of their portfolio | 209.0k $20.2m | Added +109.0k |
| Swiss National Bank 0.01% of their portfolio | 195.2k $18.8m | Added +4.2k |
| Gotham Asset Management, LLC 0.16% of their portfolio | 193.3k $18.6m | Added +39.2k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 189.0k $18.2m | Added +94.2k |
| MILLER HOWARD INVESTMENTS INC /NY 0.55% of their portfolio | 179.3k $17.3m | Reduced -47.9k |
| Clean Energy Transition LLP 2.37% of their portfolio | 175.9k $17.0m | New |
| EVENTIDE ASSET MANAGEMENT, LLC 0.33% of their portfolio | 173.3k $16.7m | Reduced -427.7k |
| Covalis Capital LLP 3.76% of their portfolio | 169.6k $16.4m | Added +57.6k |
| HENNESSY ADVISORS INC 0.54% of their portfolio | 169.2k $16.3m | Reduced -7.1k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 158.6k $15.3m | Reduced -1.1k |
| TUDOR INVESTMENT CORP ET AL 0.13% of their portfolio | 147.0k $14.2m | New |
| Catalyst Capital Advisors LLC 0.28% of their portfolio | 144.0k $13.9m | Added +13.2k |
| CRAWFORD INVESTMENT COUNSEL INC 0.24% of their portfolio | 138.6k $13.4m | Reduced -4.5k |
| Edgestream Partners, L.P. 0.44% of their portfolio | 133.5k $12.9m | Added +110.9k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 130.8k $12.6m | Reduced -34.0k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 120.1k $11.6m | Reduced -2.2k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 118.7k $11.5m | Added +7.4k |
| Corebridge Financial, Inc. 0.06% of their portfolio | 111.9k $10.8m | Added +2.0k |
| EXCHANGE TRADED CONCEPTS, LLC 0.19% of their portfolio | 111.5k $10.8m | Reduced -6.1k |
| LPL Financial LLC 0.00% of their portfolio | 109.5k $10.6m | Added +27.9k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 107.5k $10.4m | Reduced -61.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio | 100.0k $9.6m | New |
| Fractal Investments LLC 1.33% of their portfolio | 99.3k $9.6m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 97.6k $9.4m | Reduced -16.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 96.6k $9.3m | Reduced -12.5k |
| Freestone Grove Partners LP 0.10% of their portfolio | 96.4k $9.3m | Added +1.7k |
| Baird Financial Group, Inc. 0.02% of their portfolio | 95.8k $9.2m | Reduced -17.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 93.5k $9.0m | Added +2.7k |
| ExodusPoint Capital Management, LP 0.12% of their portfolio | 90.5k $8.7m | New |
| Maryland State Retirement & Pension System 0.21% of their portfolio | 90.5k $8.7m | Added +4.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 90.3k $8.7m | Added +16.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 87.7k $8.5m | Added +1.5k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 86.1k $83.1m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 84.1k $8.1m | Reduced -5.9k |
| Holocene Advisors, LP 0.02% of their portfolio | 82.2k $7.9m | Added +14.1k |