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 ($69.1m this quarter). Holder counts are more reliable. Shares outstanding: 102.0m as of 2026-03-31, 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 ≈ $119.70. Options: 4 managers hold calls ($11.1m notional), 2 hold puts ($586.4k).
Trends to Q4 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 |
| Q2 2025 | 610 |
| Q3 2025 | 606 |
| Q4 2025 | 650 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 194 | 178 |
| Q2 2024 | 204 | 187 |
| Q3 2024 | 224 | 182 |
| Q4 2024 | 281 | 180 |
| Q1 2025 | 301 | 232 |
| Q2 2025 | 306 | 228 |
| Q3 2025 | 261 | 248 |
| Q4 2025 | 283 | 241 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $7.0m | $337.7k | 0.05 |
| Q2 2025 | $8.0m | $251.8k | 0.03 |
| Q3 2025 | $9.5m | $982.7k | 0.10 |
| Q4 2025 | $11.1m | $586.4k | 0.05 |
Biggest buyers
| TrinityBridge Ltd | New | +881.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +383.9k |
| T. Rowe Price Investment Management, Inc. | Added | +348.6k |
| TWO SIGMA ADVISERS, LP | Added | +296.7k |
| Clark Capital Management Group, Inc. | Added | +296.3k |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Added | +285.8k |
| Jain Global LLC | New | +218.0k |
| EVENTIDE ASSET MANAGEMENT, LLC | Added | +211.5k |
| Alyeska Investment Group, L.P. | New | +205.6k |
| BlackRock, Inc. | Added | +203.2k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| Energy Income Partners, LLC | Reduced | -580.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -300.9k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -280.4k |
| VANGUARD GROUP INC | Reduced | -196.9k |
| Encompass Capital Advisors LLC | Sold out | -195.7k |
| Holocene Advisors, LP | Reduced | -184.3k |
| Point72 Asset Management, L.P. | Reduced | -163.8k |
| Yaupon Capital Management LP | Sold out | -154.2k |
| INTECH INVESTMENT MANAGEMENT LLC | Reduced | -123.9k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $7.0m58.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.2m27.0k shares |
| JANE STREET GROUP, LLC | Reduced | $730.0k6.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $71.8k600 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $359.0k3.0k shares |
| JANE STREET GROUP, LLC | Reduced | $227.4k1.9k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2025 | 1 | $6.5k | 0 | — | — |
| Q3 2025 | 1 | $15.7k | 1 | $496.8k | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 11.1m $1.3bn | Reduced -196.9k |
| BlackRock, Inc. 0.02% of their portfolio | 10.8m $1.3bn | Added +203.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.2m $384.9m | Reduced -4.5k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 3.1m $369.9m | Added +200.1k |
| 59 North Capital Management, LP 11.36% of their portfolio | 3.1m $365.1m | Reduced -23.8k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 4.54% of their portfolio | 3.0m $356.8m | Added +285.8k |
| NEUBERGER BERMAN GROUP LLC 0.25% of their portfolio | 2.8m $333.0m | Reduced -14.4k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.6m $314.1m | Reduced -43.8k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.6m $308.4m | Reduced -300.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.4m $288.2m | Added +106.5k |
| Blackstone Inc. 1.16% of their portfolio | 2.2m $267.0m | Added +30.7k |
| CITADEL ADVISORS LLC 0.11% of their portfolio | 1.4m $164.2m | Added +56.1k |
| Capital Research Global Investors 0.03% of their portfolio | 1.2m $149.5m | Added +317 |
| WESTWOOD HOLDINGS GROUP INC 1.10% of their portfolio | 1.1m $134.9m | Added +17.9k |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $125.2m | Added +47.0k |
| Merewether Investment Management, LP 2.87% of their portfolio | 1.0m $124.8m | Added +42.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.0m $124.6m | Added +74.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.18% of their portfolio | 1.0m $122.5m | Reduced -39.8k |
| NORGES BANK 0.01% of their portfolio | 966.9k $115.7m | Not comparable |
| Bank of New York Mellon Corp 0.02% of their portfolio | 888.7k $106.4m | Reduced -95.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 881.3k $105.5m | Reduced -33.3k |
| TrinityBridge Ltd 2.34% of their portfolio | 881.0k $105.4m | New |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 877.1k $105.0m | Added +348.6k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 2.35% of their portfolio | 863.5k $103.3m | Reduced -3.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 772.9k $92.5m | Reduced -6.6k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 769.7k $92.1m | Reduced -98.2k |
| REAVES W H & CO INC 1.60% of their portfolio | 762.8k $91.3m | Added +65.3k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 5.14% of their portfolio | 749.3k $89.7m | Added +70.0k |
| Point72 Asset Management, L.P. 0.13% of their portfolio | 694.5k $83.1m | Reduced -163.8k |
| TWO SIGMA INVESTMENTS, LP 0.12% of their portfolio | 667.4k $79.9m | Added +383.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 663.1k $79.4m | Reduced -76.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 652.6k $78.1m | Reduced -1.1m |
| Mitsubishi UFJ Trust & Banking Corp 0.18% of their portfolio | 650.1k $77.8m | Reduced -97.7k |
| Bahl & Gaynor LLC 0.34% of their portfolio | 562.6k $67.3m | Reduced -5.8k |
| UBS Group AG 0.01% of their portfolio | 528.6k $63.3m | Added +44.2k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 528.5k $63.2m | Added +59.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 513.5k $61.5m | Added +13.2k |
| Brookfield Corp /ON/ 0.08% of their portfolio | 510.3k $61.1m | Reduced -81.6k |
| EAGLE GLOBAL ADVISORS LLC 2.19% of their portfolio | 494.4k $59.2m | Reduced -11.1k |
| Energy Income Partners, LLC 0.92% of their portfolio | 425.7k $50.9m | Reduced -580.4k |
| EVENTIDE ASSET MANAGEMENT, LLC 0.74% of their portfolio | 394.7k $47.3m | Added +211.5k |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 390.1k $46.7m | Added +296.7k |
| CIBC Private Wealth Group LLC 0.08% of their portfolio | 383.7k $45.9m | Added +443 |
| Holocene Advisors, LP 0.09% of their portfolio | 369.7k $44.3m | Reduced -184.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.50% of their portfolio | 369.0k $44.2m | Reduced -83.7k |
| Clark Capital Management Group, Inc. 0.27% of their portfolio | 367.9k $44.0m | Added +296.3k |
| Recurrent Investment Advisors LLC 3.13% of their portfolio | 353.8k $42.3m | Added +1.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 332.1k $39.8m | Added +44.7k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.92% of their portfolio | 329.9k $39.5m | Reduced -8.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 318.2k $38.1m | Added +26.6k |
| ProShare Advisors LLC 0.07% of their portfolio | 315.2k $37.7m | Reduced -41.3k |
| Gotham Asset Management, LLC 0.12% of their portfolio | 285.2k $34.1m | Added +20.1k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 280.1k $33.5m | Reduced -3.4k |
| CHICKASAW CAPITAL MANAGEMENT LLC 1.38% of their portfolio | 279.9k $33.5m | Added +721 |
| California Public Employees Retirement System 0.02% of their portfolio | 273.9k $32.8m | Reduced -61.6k |
| Bridgewater Associates, LP 0.12% of their portfolio | 270.1k $32.3m | Reduced -36.7k |
| Focus Partners Wealth 0.03% of their portfolio | 261.8k $29.7m | Added +11.8k |
| Pacer Advisors, Inc. 0.08% of their portfolio | 253.9k $30.4m | Reduced -1.3k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 247.6k $29.6m | Added +20.3k |
| Copeland Capital Management, LLC 0.66% of their portfolio | 245.3k $29.4m | Reduced -13.3k |
| Freestone Grove Partners LP 0.21% of their portfolio | 244.9k $29.3m | Added +131.4k |
| BARCLAYS PLC 0.01% of their portfolio | 243.9k $29.2m | Reduced -46.7k |
| Retirement Systems of Alabama 0.09% of their portfolio | 242.4k $29.0m | Reduced -806 |
| Clearbridge Investments, LLC 0.02% of their portfolio | 233.4k $27.9m | Added +78.8k |
| Fractal Investments LLC 3.86% of their portfolio | 231.0k $27.6m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 230.5k $27.6m | Reduced -14.3k |
| MILLER HOWARD INVESTMENTS INC /NY 0.79% of their portfolio | 218.5k $26.2m | Added +8.1k |
| Jain Global LLC 0.25% of their portfolio | 218.0k $26.1m | New |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 210.0k $25.1m | Added +18.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 208.4k $24.9m | Reduced -101.8k |
| Nuveen, LLC 0.01% of their portfolio | 207.4k $24.8m | Reduced -61.4k |
| Alyeska Investment Group, L.P. 0.07% of their portfolio | 205.6k $24.6m | New |
| Squarepoint Ops LLC 0.05% of their portfolio | 204.2k $24.4m | Added +196.3k |
| ALPS ADVISORS INC 0.14% of their portfolio | 201.4k $24.1m | Reduced -15.9k |
| Swiss National Bank 0.01% of their portfolio | 200.3k $24.0m | Added +3.4k |
| Verition Fund Management LLC 0.13% of their portfolio | 198.4k $23.7m | Reduced -37.4k |
| Legal & General Group Plc 0.00% of their portfolio | 170.1k $20.4m | Reduced -74.7k |
| COHEN & STEERS, INC. 0.04% of their portfolio | 163.1k $19.5m | Added +6.2k |
| LPL Financial LLC 0.01% of their portfolio | 161.3k $19.3m | Added +19.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 159.1k $19.0m | Added +9.4k |
| HENNESSY ADVISORS INC 0.64% of their portfolio | 149.7k $17.9m | Reduced -3.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 146.7k $17.6m | Added +28.4k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 139.3k $16.7m | Reduced -64.4k |
| Susquehanna Portfolio Strategies, LLC 0.25% of their portfolio | 137.4k $16.4m | Added +12.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 135.1k $16.2m | Added +6.8k |
| Ceredex Value Advisors LLC 0.44% of their portfolio | 121.5k $14.5m | Reduced -28.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 111.4k $13.3m | Reduced -13.3k |
| Catalyst Capital Advisors LLC 0.27% of their portfolio | 110.3k $13.2m | Reduced -57.6k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 108.1k $12.9m | Reduced -11.8k |
| LMR Partners LLP 0.12% of their portfolio | 102.9k $12.3m | Added +89.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 100.9k $12.1m | Added +16.1k |
| Maryland State Retirement & Pension System 0.25% of their portfolio | 100.6k $12.0m | Added +1.5k |
| MOORE CAPITAL MANAGEMENT, LP 0.24% of their portfolio | 100.0k $12.0m | New |
| THORNBURG INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 99.8k $11.9m | Reduced -425 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 95.5k $11.4m | Reduced -89 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 94.9k $11.4m | Reduced -2.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 93.6k $11.2m | Reduced -50.8k |
| EXCHANGE TRADED CONCEPTS, LLC 0.09% of their portfolio | 92.7k $11.1m | Reduced -9.5k |
| Man Group plc 0.02% of their portfolio | 91.6k $11.0m | Added +37.6k |
| Aventail Capital Group, LP 0.61% of their portfolio | 88.1k $10.5m | Reduced -25.0k |