KINDER MORGAN INC DEL KMI
COM · Common Stock · CUSIP 49456B101 · ISIN US49456B1017
- SectorUtilities
- IndustryNatural Gas Transmission
- HeadquartersHouston, TX
- Founded1997
- Websitekindermorgan.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 ($88.8m this quarter). Holder counts are more reliable. Shares outstanding: 2.2bn as of 2023-07-20, 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 ≈ $17.18. Options: 40 managers hold calls ($396.1m notional), 38 hold puts ($223.3m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,297 |
| Q4 2022 | 1,329 |
| Q1 2023 | 1,305 |
| Q2 2023 | 1,310 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 678 | 515 |
| Q1 2023 | 661 | 534 |
| Q2 2023 | 632 | 555 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $317.4m | $175.2m | 0.55 |
| Q4 2022 | $421.9m | $215.0m | 0.51 |
| Q1 2023 | $392.8m | $212.6m | 0.54 |
| Q2 2023 | $396.1m | $223.3m | 0.56 |
Biggest buyers
| COHEN & STEERS, INC. | Added | +9.3m |
| LORD, ABBETT & CO. LLC | New | +7.0m |
| MACQUARIE GROUP LTD | Added | +3.4m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +2.5m |
| EXCHANGE TRADED CONCEPTS, LLC | Added | +2.1m |
| CANADA LIFE ASSURANCE Co | Added | +1.9m |
| WESTWOOD HOLDINGS GROUP INC | Added | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.8m |
| Houlihan Financial Resource Group, Ltd. | Added | +1.5m |
| Daiichi Life Insurance Co., Ltd. | Added | +1.5m |
Biggest sellers
| Orbis Allan Gray Ltd | Reduced | -8.5m |
| STATE STREET CORP | Reduced | -6.8m |
| J.P. Morgan Private Wealth Advisors LLC | Sold out | -6.1m |
| FIRST TRUST ADVISORS LP | Reduced | -5.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.3m |
| FMR LLC | Reduced | -2.5m |
| STRS OHIO | Reduced | -2.0m |
| BANK OF NOVA SCOTIA | Reduced | -1.8m |
| BlackRock Inc. | Reduced | -1.7m |
| Point72 Asset Management, L.P. | Sold out | -1.7m |
Biggest calls
| UBS Group AG | Added | $91.2m5.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $74.9m4.4m shares |
| CITADEL ADVISORS LLC | Added | $58.2m3.4m shares |
| JANE STREET GROUP, LLC | Reduced | $18.9m1.1m shares |
| GROUP ONE TRADING LLC | Added | $18.2m1.1m shares |
| Parallax Volatility Advisers, L.P. | Added | $17.9m1.0m shares |
| SIMPLEX TRADING, LLC | Reduced | $15.8m972.6k shares |
| NOMURA HOLDINGS INC | Added | $15.5m901.1k shares |
| BANK OF AMERICA CORP /DE/ | Added | $12.5m727.2k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $12.0m699.7k shares |
Biggest puts
| UBS Group AG | Added | $81.2m4.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $24.2m1.4m shares |
| CITADEL ADVISORS LLC | Reduced | $19.3m1.1m shares |
| Portman Square Capital LLP | Added | $15.9m924.0k shares |
| Point72 Asset Management, L.P. | Added | $13.2m767.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $10.3m597.2k shares |
| JPMORGAN CHASE & CO | Reduced | $6.8m394.9k shares |
| CITIGROUP INC | Added | $6.5m375.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $5.7m332.0k shares |
| Walleye Capital LLC | New | $4.4m258.0k 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 |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 3 | $471.9k | 1 | $81.0k | — |
| Q1 2022 | 0 | — | 2 | $1.2m | — |
| Q2 2022 | 0 | — | 2 | $1.9m | — |
| Q3 2022 | 0 | — | 1 | $82.8k | — |
| Q4 2022 | 0 | — | 1 | $109.3k | — |
| Q1 2023 | 0 | — | 2 | $267.7k | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 173.5m $3.0bn | Reduced -903.6k |
| BlackRock Inc. 0.07% of their portfolio | 156.4m $2.7bn | Reduced -1.7m |
| STATE STREET CORP 0.12% of their portfolio | 131.1m $2.3bn | Reduced -6.8m |
| BANK OF AMERICA CORP /DE/ 0.13% of their portfolio | 62.2m $1.1bn | Reduced -125.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 38.3m $657.1m | Added +1.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.09% of their portfolio | 37.2m $640.0m | Added +435.1k |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 29.8m $513.4m | Added +13.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 29.8m $491.1m | Added +233.6k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 21.7m $372.9m | Reduced -1.4m |
| MORGAN STANLEY 0.03% of their portfolio | 19.6m $337.6m | Reduced -218.2k |
| Legal & General Group Plc 0.10% of their portfolio | 18.3m $314.9m | Reduced -31.4k |
| Orbis Allan Gray Ltd 2.20% of their portfolio | 17.8m $306.8m | Reduced -8.5m |
| Invesco Ltd. 0.07% of their portfolio | 16.6m $285.3m | Added +91.1k |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 16.5m $284.8m | Added +241.2k |
| Ensign Peak Advisors, Inc 0.55% of their portfolio | 15.8m $272.7m | Added +44.2k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 4.15% of their portfolio | 15.8m $272.3m | Reduced -305.1k |
| Bank of New York Mellon Corp 0.06% of their portfolio | 15.3m $263.2m | Reduced -728.5k |
| NORGES BANK 0.05% of their portfolio | 15.3m $262.7m | Added +171.9k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 15.0m $258.6m | Reduced -3.3m |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 13.2m $227.4m | Added +357.1k |
| FPR PARTNERS LLC 10.83% of their portfolio | 13.0m $223.7m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 12.8m $221.2m | Reduced -258.8k |
| UBS Group AG 0.10% of their portfolio | 12.7m $219.3m | Added +25.1k |
| Amundi 0.10% of their portfolio | 11.7m $201.0m | Reduced -234.9k |
| COHEN & STEERS, INC. 0.37% of their portfolio | 10.1m $173.8m | Added +9.3m |
| Energy Income Partners, LLC 3.60% of their portfolio | 9.8m $169.4m | Reduced -214.7k |
| Clearbridge Investments, LLC 0.14% of their portfolio | 8.9m $152.7m | Added +373.5k |
| MACQUARIE GROUP LTD 0.17% of their portfolio | 8.8m $151.6m | Added +3.4m |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 8.5m $146.6m | Added +637.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 8.4m $147.7m | Unchanged |
| Blackstone Inc. 0.62% of their portfolio | 8.3m $143.1m | Added +1.0m |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 8.0m $138.4m | Added +105.0k |
| First Pacific Advisors, LP 2.01% of their portfolio | 8.0m $137.5m | Reduced -321.7k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 7.8m $134.2m | Reduced -566.6k |
| Swiss National Bank 0.09% of their portfolio | 7.3m $125.8m | Reduced -721.2k |
| CANADA LIFE ASSURANCE Co 0.30% of their portfolio | 7.2m $124.9m | Added +1.9m |
| LORD, ABBETT & CO. LLC 0.21% of their portfolio | 7.0m $119.8m | New |
| BERKLEY W R CORP 6.86% of their portfolio | 6.6m $114.1m | Unchanged |
| WESTWOOD HOLDINGS GROUP INC 0.84% of their portfolio | 5.5m $94.3m | Added +1.9m |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 5.4m $92.2m | Reduced -531.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 5.1m $88.1m | Added +2.5m |
| Mirae Asset Global Investments Co., Ltd. 0.19% of their portfolio | 5.0m $86.9m | Added +151.0k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.23% of their portfolio | 4.9m $84.3m | Reduced -702.2k |
| RAYMOND JAMES & ASSOCIATES 0.07% of their portfolio | 4.7m $81.1m | Reduced -8.0k |
| Rockefeller Capital Management L.P. 0.29% of their portfolio | 4.4m $76.1m | First filing |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 4.3m $74.5m | Reduced -864.9k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 4.3m $73.4m | Added +1.8m |
| THOMPSON SIEGEL & WALMSLEY LLC 1.16% of their portfolio | 4.2m $73.1m | Reduced -149.9k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 4.1m $70.2m | Added +365.5k |
| Sound Shore Management Inc /CT/ 2.55% of their portfolio | 4.0m $69.3m | Reduced -51.7k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 3.8m $65.2m | Added +181.4k |
| California Public Employees Retirement System 0.06% of their portfolio | 3.7m $64.1m | Reduced -312.3k |
| Empower Advisory Group, LLC 0.26% of their portfolio | 3.5m $60.8m | Added +52.6k |
| BARCLAYS PLC 0.04% of their portfolio | 3.5m $60.8m | Reduced -236.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 3.5m $59.4m | Reduced -40.6k |
| Fayez Sarofim & Co 0.20% of their portfolio | 3.4m $58.5m | Reduced -295.5k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 1.76% of their portfolio | 3.4m $58.2m | Reduced -35.3k |
| Russell Investments Group, Ltd. 0.11% of their portfolio | 3.2m $55.5m | Added +162.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 3.1m $54.0m | Reduced -4.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.41% of their portfolio | 3.1m $52.9m | Added +216.0k |
| ZACKS INVESTMENT MANAGEMENT 0.63% of their portfolio | 2.9m $50.2m | Added +14.0k |
| LPL Financial LLC 0.03% of their portfolio | 2.8m $48.9m | Added +190.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 2.8m $48.4m | Reduced -69.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 2.8m $47.7m | Reduced -432.6k |
| Nan Shan Life Insurance Co., Ltd. 1.10% of their portfolio | 2.6m $45.6m | Unchanged |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.88% of their portfolio | 2.6m $45.0m | Added +20.9k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 2.5m $43.8m | Added +188.6k |
| National Pension Service 0.07% of their portfolio | 2.5m $43.5m | Reduced -842.0k |
| Advisors Capital Management, LLC 1.04% of their portfolio | 2.5m $43.4m | Added +58.6k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.21% of their portfolio | 2.4m $42.2m | Reduced -3.9k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.4m $41.8m | Reduced -50.0k |
| FORT PITT CAPITAL GROUP, LLC 1.53% of their portfolio | 2.4m $41.5m | Added +115.5k |
| Bahl & Gaynor LLC 0.25% of their portfolio | 2.3m $40.3m | Added +45.9k |
| FMR LLC 0.00% of their portfolio | 2.3m $39.2m | Reduced -2.5m |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 2.3m $39.0m | Reduced -14.9k |
| Maryland State Retirement & Pension System 0.81% of their portfolio | 2.2m $38.4m | Added +50.1k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.71% of their portfolio | 2.2m $38.3m | Reduced -1.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 2.2m $37.4m | Reduced -94.4k |
| COMERICA BANK 0.00% of their portfolio | 2.1m $9 | First filing |
| MARSHALL WACE, LLP 0.08% of their portfolio | 2.1m $36.1m | Added +1.0m |
| EXCHANGE TRADED CONCEPTS, LLC 0.88% of their portfolio | 2.1m $35.9m | Added +2.1m |
| Tortoise Index Solutions, LLC 7.33% of their portfolio | 2.1m $35.9m | Reduced -157.2k |
| ALPS ADVISORS INC 0.31% of their portfolio | 2.1m $35.7m | Reduced -142.6k |
| CITIGROUP INC 0.05% of their portfolio | 2.1m $35.7m | Added +322.3k |
| Daiichi Life Insurance Co., Ltd. 0.74% of their portfolio | 2.1m $35.3m | Added +1.5m |
| Mariner, LLC 0.09% of their portfolio | 2.0m $35.1m | Added +170.8k |
| TORONTO DOMINION BANK 0.03% of their portfolio | 2.0m $34.4m | Added +1.1m |
| Allianz Asset Management GmbH 0.07% of their portfolio | 2.0m $34.2m | Added +310.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 2.0m $34.1m | Added +531.2k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 2.0m $34.1m | Added +560.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 1.9m $33.3m | Reduced -1.1m |
| AVIVA PLC 0.14% of their portfolio | 1.9m $33.2m | Reduced -91.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 1.9m $32.7m | Reduced -99.7k |
| Ardevora Asset Management LLP 0.78% of their portfolio | 1.9m $32.4m | Reduced -789.1k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.15% of their portfolio | 1.9m $32.3m | Reduced -84.8k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 1.9m $32.2m | Reduced -18.9k |
| NICHOLS & PRATT ADVISERS LLP /MA 2.34% of their portfolio | 1.9m $32.1m | Added +7.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 1.9m $32.1m | Added +141.0k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.8m $31.8m | Reduced -182.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 1.7m $29.7m | Added +140.9k |