ENTERPRISE PRODS PARTNERS L EPD
COM · MLP · CUSIP 293792107
American fuel company
- SectorUtilities
- IndustryNatural Gas Transmission
- HeadquartersHouston, TX
- Founded1968
- Websiteenterpriseproducts.com
- 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 ($23.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.01. Options: 19 managers hold calls ($360.9m notional), 14 hold puts ($120.4m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,131 |
| Q4 2022 | 1,177 |
| Q1 2023 | 1,187 |
| Q2 2023 | 1,210 |
| Q3 2023 | 1,219 |
| Q4 2023 | 1,285 |
| Q1 2024 | 1,322 |
| Q2 2024 | 1,326 |
| Q3 2024 | 1,360 |
| Q4 2024 | 1,447 |
| Q1 2025 | 1,481 |
| Q2 2025 | 1,443 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 531 | 385 |
| Q4 2023 | 523 | 420 |
| Q1 2024 | 576 | 452 |
| Q2 2024 | 562 | 418 |
| Q3 2024 | 617 | 421 |
| Q4 2024 | 614 | 434 |
| Q1 2025 | 659 | 469 |
| Q2 2025 | 645 | 504 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $355.1m | $190.0m | 0.54 |
| Q4 2024 | $459.0m | $211.0m | 0.46 |
| Q1 2025 | $470.8m | $135.8m | 0.29 |
| Q2 2025 | $360.9m | $120.4m | 0.33 |
Biggest buyers
| Blackstone Inc. | Added | +4.0m |
| ROYAL BANK OF CANADA | Added | +3.0m |
| Rockefeller Capital Management L.P. | Added | +1.9m |
| Energy Income Partners, LLC | Added | +1.8m |
| Northside Capital Management, LLC | New | +1.5m |
| Saudi Central Bank | New | +1.4m |
| BANK OF AMERICA CORP /DE/ | Added | +1.4m |
| ALPS ADVISORS INC | Added | +1.3m |
| Corient Private Wealth LP | Added | +1.3m |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC | Added | +1.2m |
Biggest sellers
| Brookfield Corp /ON/ | Reduced | -9.5m |
| MORGAN STANLEY | Reduced | -5.3m |
| Clearbridge Investments, LLC | Reduced | -3.1m |
| FMR LLC | Reduced | -2.9m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| DEUTSCHE BANK AG\ | Reduced | -1.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -939.4k |
| SEI INVESTMENTS CO | Reduced | -707.1k |
| Cutter & CO Brokerage, Inc. | Sold out | -684.1k |
| JANE STREET GROUP, LLC | Reduced | -620.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $102.4m3.3m shares |
| CITADEL ADVISORS LLC | Reduced | $61.8m2.0m shares |
| GROUP ONE TRADING LLC | Reduced | $49.6m1.6m shares |
| JANE STREET GROUP, LLC | Added | $33.7m1.1m shares |
| PEAK6 LLC | Reduced | $22.9m737.6k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $21.6m696.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $18.1m582.8k shares |
| WOLVERINE TRADING, LLC | Added | $12.9m415.0k shares |
| IMC-Chicago, LLC | Reduced | $11.7m378.7k shares |
| CITIGROUP INC | Unchanged | $7.1m230.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $42.5m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $31.2m1.0m shares |
| CITIGROUP INC | Reduced | $15.7m506.0k shares |
| IMC-Chicago, LLC | Added | $9.9m318.4k shares |
| JANE STREET GROUP, LLC | Added | $5.7m184.8k shares |
| WOLVERINE TRADING, LLC | Added | $5.0m161.2k shares |
| GROUP ONE TRADING LLC | Added | $4.4m143.5k shares |
| UBS Group AG | Reduced | $2.6m82.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.3m41.5k shares |
| CREDIT INDUSTRIEL ET COMMERCIAL | Unchanged | $821.8k26.5k 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 |
|---|---|
WILLIAMS RANDA DUNCAN
13D · may seek influence
+0.2 pts · filed 2026-10-02
Stated purposeItem 4 of each of the Original Schedule 13D and the Duncan Trustee Schedule 13D is hereby amended to add the paragraphs below: The information set forth under Item 3 is incorporated into this Item 4 by reference. The purpose of the Phantom Unit Awards is to promote the interests of EPCO, the Issuer, and EPD GP by providing Ms. Williams (as a key EPCO employee) with incentive compensation awards to encourage superior performance. The purpose of the 2025-2026 DRIP Unit Purchases by Alkek and Chaswil is to hold the purchased securities for investment purposes. Other than described above, none of the Reporting Persons has any plans or proposals of the type referred to in clauses (a) through (j) of Item 4 of Schedule 13D, although they reserve the right to formulate such plans or proposals … Full filing |
32.6% |
Insider purchases and sales in Q2 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 |
|---|---|---|---|---|---|
| Q3 2023 | 1 | $1.3m | 0 | — | — |
| Q4 2023 | 2 | $322.7k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 1 | $122.7k | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 7.63% of their portfolio | 42.7m $1.3bn | Added +1.3m |
| Invesco Ltd. 0.14% of their portfolio | 26.8m $830.7m | Added +69.5k |
| MORGAN STANLEY 0.05% of their portfolio | 23.3m $721.9m | Reduced -5.3m |
| Blackstone Inc. 2.79% of their portfolio | 20.0m $620.1m | Added +4.0m |
| AMERICAN CENTURY COMPANIES INC 0.31% of their portfolio | 18.7m $578.4m | Added +252.5k |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 18.0m $559.1m | Reduced -939.4k |
| Fayez Sarofim & Co 1.30% of their portfolio | 17.5m $542.9m | Reduced -5.2k |
| NEUBERGER BERMAN GROUP LLC 0.37% of their portfolio | 15.4m $478.4m | Reduced -37.5k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 6.03% of their portfolio | 14.9m $462.0m | Reduced -550.0k |
| Energy Income Partners, LLC 8.89% of their portfolio | 14.6m $453.5m | Added +1.8m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 9.69% of their portfolio | 13.4m $417.0m | Reduced -115.9k |
| UBS Group AG 0.08% of their portfolio | 12.6m $391.2m | Reduced -545.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.68% of their portfolio | 11.4m $352.1m | Added +351.9k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 11.1m $345.5m | Added +1.4m |
| CIBC Private Wealth Group LLC 0.52% of their portfolio | 9.4m $290.2m | Reduced -41.7k |
| Ensign Peak Advisors, Inc 0.48% of their portfolio | 9.1m $280.7m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 8.3m $258.2m | Added +680.2k |
| FMR LLC 0.01% of their portfolio | 8.3m $258.1m | Reduced -2.9m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 6.6m $203.7m | Added +3.0m |
| Clearbridge Investments, LLC 0.16% of their portfolio | 6.5m $201.2m | Reduced -3.1m |
| RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio | 6.5m $200.4m | Reduced -30.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.09% of their portfolio | 5.7m $177.5m | Added +92.5k |
| WESTWOOD HOLDINGS GROUP INC 1.26% of their portfolio | 5.6m $175.0m | Reduced -111.8k |
| CHICKASAW CAPITAL MANAGEMENT LLC 6.79% of their portfolio | 5.5m $171.0m | Added +81.1k |
| FAIRHOLME CAPITAL MANAGEMENT LLC 13.77% of their portfolio | 5.5m $169.0m | Unchanged |
| BERKLEY W R CORP 9.79% of their portfolio | 5.1m $157.8m | Unchanged |
| Hamlin Capital Management, LLC 3.59% of their portfolio | 5.0m $154.9m | Added +90.0k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 4.7m $145.4m | Added +192.3k |
| Brookfield Corp /ON/ 0.18% of their portfolio | 4.6m $143.8m | Reduced -9.5m |
| Thrivent Financial for Lutherans 0.26% of their portfolio | 3.9m $119.4m | Reduced -110.0k |
| STIFEL FINANCIAL CORP 0.12% of their portfolio | 3.8m $118.6m | Reduced -39.2k |
| LPL Financial LLC 0.04% of their portfolio | 3.7m $116.0m | Added +296.4k |
| Paralel Advisors LLC 4.61% of their portfolio | 3.6m $113.2m | Unchanged |
| Rockefeller Capital Management L.P. 0.13% of their portfolio | 3.6m $114.1m | Added +1.9m |
| REAVES W H & CO INC 2.47% of their portfolio | 3.6m $111.4m | Unchanged |
| MILLER HOWARD INVESTMENTS INC /NY 3.30% of their portfolio | 3.4m $104.1m | Added +24.4k |
| HighTower Advisors, LLC 0.12% of their portfolio | 3.1m $97.1m | Reduced -21.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.6m $80.6m | Reduced -1.7m |
| Corient Private Wealth LP 0.10% of their portfolio | 2.4m $74.7m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 2.3m $70.0m | Reduced -1.1m |
| U.S. Capital Wealth Advisors, LLC 1.98% of their portfolio | 2.2m $67.8m | Added +41.2k |
| BARCLAYS PLC 0.03% of their portfolio | 2.2m $67.5m | Added +304.4k |
| ING GROEP NV 0.39% of their portfolio | 2.1m $64.1m | Reduced -15.4k |
| EAGLE GLOBAL ADVISORS LLC 2.59% of their portfolio | 2.1m $63.9m | Reduced -43.0k |
| TRUIST FINANCIAL CORP 0.09% of their portfolio | 2.0m $62.8m | Added +6.4k |
| Chicago Partners Investment Group LLC 1.82% of their portfolio | 2.0m $63.1m | Added +119 |
| Americana Partners, LLC 2.13% of their portfolio | 2.0m $61.8m | Reduced -20.8k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.69% of their portfolio | 2.0m $60.7m | Added +31.7k |
| Fractal Investments LLC 8.57% of their portfolio | 1.9m $60.1m | Reduced -141.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.9m $59.3m | Added +609.3k |
| Progeny 3, Inc. 3.30% of their portfolio | 1.9m $58.8m | Added +7.0k |
| First Eagle Investment Management, LLC 0.11% of their portfolio | 1.9m $57.4m | Added +200.2k |
| Texas Yale Capital Corp. 1.82% of their portfolio | 1.8m $55.6m | Added +875 |
| Bollard Group LLC 1.30% of their portfolio | 1.8m $54.7m | Added +215.6k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 6.60% of their portfolio | 1.8m $54.7m | Added +1.2m |
| Recurrent Investment Advisors LLC 4.37% of their portfolio | 1.7m $54.0m | Added +16.9k |
| Williams Jones Wealth Management, LLC. 0.58% of their portfolio | 1.6m $48.5m | Reduced -16.4k |
| Northside Capital Management, LLC 3.63% of their portfolio | 1.5m $47.6m | New |
| HRT FINANCIAL LP 0.25% of their portfolio | 1.5m $47.4m | Added +827.8k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 11.69% of their portfolio | 1.5m $47.3m | Reduced -170.5k |
| Saudi Central Bank 1.82% of their portfolio | 1.4m $44.6m | New |
| Epoch Investment Partners, Inc. 0.22% of their portfolio | 1.4m $42.3m | Reduced -111.4k |
| OSAIC HOLDINGS, INC. 0.08% of their portfolio | 1.4m $42.3m | Added +57.4k |
| Oxbow Advisors, LLC 4.55% of their portfolio | 1.3m $41.6m | Reduced -16.0k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 1.3m $40.7m | Reduced -548.8k |
| Maryland State Retirement & Pension System 0.89% of their portfolio | 1.3m $40.6m | Added +77.9k |
| Mariner, LLC 0.06% of their portfolio | 1.3m $40.3m | Added +137.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.47% of their portfolio | 1.3m $40.0m | Reduced -137.9k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.3m $39.4m | Added +674.7k |
| COOPERMAN LEON G 1.38% of their portfolio | 1.3m $39.3m | Added +76.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio | 1.2m $38.2m | Reduced -20.2k |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 1.2m $37.7m | Reduced -8.0k |
| PENN DAVIS MCFARLAND INC 4.15% of their portfolio | 1.2m $36.8m | Reduced -10.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio | 1.2m $36.7m | Added +47.8k |
| BLAIR WILLIAM & CO/IL 0.10% of their portfolio | 1.1m $34.3m | Added +273.2k |
| TETRAD CORP 3.30% of their portfolio | 1.1m $34.1m | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.89% of their portfolio | 1.1m $33.1m | Reduced -78.5k |
| BOWEN HANES & CO INC 0.80% of their portfolio | 1.0m $31.6m | Unchanged |
| CNA FINANCIAL CORP 15.91% of their portfolio | 1.0m $31.0m | Unchanged |
| Auto-Owners Insurance Co 0.69% of their portfolio | 1.0m $31.0m | Added +550.0k |
| Fort Sheridan Advisors LLC 4.35% of their portfolio | 985.3k $30.6m | Added +2.7k |
| Prospera Financial Services Inc 0.57% of their portfolio | 980.1k $30.4m | Added +667.0k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.89% of their portfolio | 952.5k $29.5m | Added +3.1k |
| Cetera Investment Advisers 0.05% of their portfolio | 940.9k $29.2m | Reduced -62.7k |
| SailingStone Capital Partners LLC 7.59% of their portfolio | 926.0k $28.7m | Added +473.0k |
| RR Advisors, LLC 6.80% of their portfolio | 912.0k $28.3m | Added +69.0k |
| BECK MACK & OLIVER LLC 0.53% of their portfolio | 894.9k $27.7m | Reduced -94.5k |
| NATIXIS 0.14% of their portfolio | 892.5k $27.7m | Reduced -25.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 876.5k $27.2m | Reduced -503.3k |
| Janney Montgomery Scott LLC 0.07% of their portfolio | 872.0k $27.0m | Reduced -1.5k |
| COMMERCE BANK 0.16% of their portfolio | 870.7k $27.0m | Added +172.7k |
| EXCHANGE TRADED CONCEPTS, LLC 0.34% of their portfolio | 865.4k $26.8m | Added +41 |
| Kamunting Street Capital Management, L.P. 21.75% of their portfolio | 857.0k $26.6m | Added +205.0k |
| Creative Planning 0.02% of their portfolio | 850.2k $26.4m | Added +37.1k |
| Focus Partners Wealth 0.06% of their portfolio | 827.9k $25.7m | Reduced -9.0k |
| VORPAL, LLC 99.15% of their portfolio | 783.5k $24.3m | Unchanged |
| KDK Private Wealth Management, LLC 25.49% of their portfolio | 769.8k $23.9m | Added +43.3k |
| SANDERS MORRIS HARRIS LLC 5.44% of their portfolio | 735.1k $22.8m | Reduced -107.4k |
| Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio | 731.6k $22.7m | Added +22.5k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 725.2k $22.5m | Reduced -2.9k |