Vault-13

EL PASO ENERGY CAP TR I KMI 4.75 03.31.28

PFD CV TR SEC 28 · PUBLIC · CUSIP 283678209

35 institutional holders +1 vs Q3 2025
3,351,2273.4m shares reported held*
$164.8mreported value*
5 new 8 added 8 reduced 7 sold out net sold ≈ $11.2m (-326.2k 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 ≈ $49.18.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 29Q4 22: 29Q1 23: 33Q2 23: 32Q3 23: 32Q4 23: 33Q1 24: 38Q2 24: 33Q3 24: 35Q4 24: 34Q1 25: 34Q2 25: 34Q3 25: 34Q4 25: 3535Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202229
Q4 202229
Q1 202333
Q2 202332
Q3 202332
Q4 202333
Q1 202438
Q2 202433
Q3 202435
Q4 202434
Q1 202534
Q2 202534
Q3 202534
Q4 202535

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 24: 19 bought or addedQ1 24: 8 cut or sold outQ2 24: 12 bought or addedQ2 24: 16 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 12 cut or sold outQ4 24: 15 bought or addedQ4 24: 11 cut or sold outQ4 24Q1 25: 11 bought or addedQ1 25: 14 cut or sold outQ2 25: 11 bought or addedQ2 25: 13 cut or sold outQ2 25Q3 25: 12 bought or addedQ3 25: 10 cut or sold outQ4 25: 13 bought or addedQ4 25: 15 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024198
Q2 20241216
Q3 20241512
Q4 20241511
Q1 20251114
Q2 20251113
Q3 20251210
Q4 20251315

Biggest buyers

Periscope Capital Inc. New +17,531+17.5k
Beverly Hills Private Wealth, LLC Added +14,359+14.4k
Stratos Wealth Advisors, LLC Added +5,035+5.0k
NewEdge Advisors, LLC New +4,700+4.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +4,677+4.7k
STEPHENS INC /AR/ Added +1,611+1.6k
FLAGSHIP HARBOR ADVISORS, LLC New +1,200+1.2k
LPL Financial LLC Added +230+230
BANK OF AMERICA CORP /DE/ Added +185+185
CoreCap Advisors, LLC Added +183+183

Biggest sellers

Dupree Financial Group, LLC Sold out -200,413-200.4k
MACQUARIE GROUP LTD Sold out -104,409-104.4k
Post Resch Tallon Group Inc. Sold out -18,725-18.7k
BlackRock, Inc. Reduced -18,380-18.4k
WELLS FARGO & COMPANY/MN Reduced -9,594-9.6k
INDEPENDENT FINANCIAL GROUP, LLC Sold out -8,706-8.7k
MORGAN STANLEY Reduced -7,055-7.1k
CAMDEN ASSET MANAGEMENT L P /CA Reduced -2,802-2.8k
UBS Group AG Reduced -1,869-1.9k
CSS LLC/IL Reduced -1,779-1.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAMDEN ASSET MANAGEMENT L P /CA 1.48% of their portfolio Los Angeles, CA 1,189,2251.2m $58.4m $58.4m 1.48% Reduced -2.8k -2,802
2 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 971,399971.4k $47.7m $47.7m 0.00% Unchanged
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 333,996334.0k $16.4m $16.4m 0.00% Reduced -18.4k -18,380
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 154,081154.1k $7.6m $7.6m 0.00% Reduced -7.1k -7,055
5 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.01% of their portfolio PHILADELPHIA, PA 104,409104.4k $5.1m $5.1m 0.01% First filing
6 Beverly Hills Private Wealth, LLC 0.80% of their portfolio BEVERLY HILLS, CA 95,44595.4k $4.7m $4.7m 0.80% Added +14.4k +14,359
7 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 88,50088.5k $4.3m $4.3m 0.03% Unchanged
8 Stratos Wealth Advisors, LLC 0.20% of their portfolio BEACHWOOD, OH 82,52782.5k $4.1m $4.1m 0.20% Added +5.0k +5,035
9 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 78,29978.3k $3.8m $3.8m 0.05% Added +1.6k +1,611
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 52,70952.7k $2.6m $2.6m 0.00% Reduced -9.6k -9,594
11 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 51,28351.3k $2.5m $2.5m 0.00% Added +4.7k +4,677
12 CSS LLC/IL 0.06% of their portfolio CHICAGO, IL 22,23322.2k $1.1m $1.1m 0.06% Reduced -1.8k -1,779
13 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 20,00020.0k $983.0k $983.0k 0.00% Unchanged
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 18,73818.7k $921.0k $921.0k 0.00% Added +15 +15
15 Periscope Capital Inc. 0.17% of their portfolio Toronto, A6 17,53117.5k $862.4k $862.4k 0.17% New
16 Avise Financial Cooperative, Inc. 0.54% of their portfolio LOS ANGELES, CA 12,28112.3k $603.6k $603.6k 0.54% First filing
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 11,29011.3k $554.9k $554.9k 0.00% Added +230 +230
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 9,6459.6k $474.1k $474.1k 0.00% Reduced -1.1k -1,145
19 Requisite Capital Management, LLC 0.08% of their portfolio DALLAS, TX 9,0009.0k $442.4k $442.4k 0.08% Unchanged
20 Ares Systematic Credit Ltd 0.29% of their portfolio LONDON, X0 7,2007.2k $355.2k $355.2k 0.29% First filing
21 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,7004.7k $231.0k $231.0k 0.00% New
22 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 3,8673.9k $190.1k $190.1k 0.01% Added +183 +183
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,7233.7k $183.0k $183.0k 0.00% Added +185 +185
24 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,3253.3k $163.0k $163.0k 0.00% Unchanged
25 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,5002.5k $122.9k $122.9k 0.00% Unchanged
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0492.0k $100.7k $100.7k 0.00% Reduced -1.9k -1,869
27 FLAGSHIP HARBOR ADVISORS, LLC 0.00% of their portfolio BOSTON, MA 1,2001.2k $59.0k $59.0k 0.00% New
28 ZAZOVE ASSOCIATES LLC 0.00% of their portfolio INCLINE VILLAGE, NV 1,1211.1k $55.2k $55.2k 0.00% Reduced -200 -200
29 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $49.1k $49.1k 0.00% Unchanged
30 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 800800 $39.3k $39.3k 0.00% Unchanged
31 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 303303 $14.9k $14.9k 0.00% Unchanged
32 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 150150 $7.4k $7.4k 0.00% Unchanged
33 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2020 $983 $983 0.00% New
34 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 22 $98 $98 0.00% Unchanged
35 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 11 $49 $49 0.00% New