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 ($107.4m this quarter). Holder counts are more reliable. Shares outstanding: 2.2bn as of 2024-04-18, 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 ≈ $18.31. Options: 42 managers hold calls ($406.8m notional), 35 hold puts ($246.8m).
Trends to Q1 2024
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 |
| Q3 2023 | 1,342 |
| Q4 2023 | 1,388 |
| Q1 2024 | 1,370 |
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 |
| Q3 2023 | 603 | 590 |
| Q4 2023 | 608 | 638 |
| Q1 2024 | 663 | 633 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $396.1m | $223.3m | 0.56 |
| Q3 2023 | $433.9m | $234.2m | 0.54 |
| Q4 2023 | $459.9m | $270.0m | 0.59 |
| Q1 2024 | $406.8m | $246.8m | 0.61 |
Biggest buyers
| MORGAN STANLEY | Added | +28.2m |
| VANGUARD GROUP INC | Added | +27.3m |
| JPMORGAN CHASE & CO | Added | +12.1m |
| MARSHALL WACE, LLP | Added | +4.6m |
| Castle Hook Partners LP | Added | +4.1m |
| Duquesne Family Office LLC | New | +3.9m |
| BANK OF AMERICA CORP /DE/ | Added | +3.8m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +3.4m |
| Invesco Ltd. | Added | +3.2m |
| KAYNE ANDERSON CAPITAL ADVISORS LP | Added | +3.1m |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -8.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -6.9m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -4.6m |
| STATE STREET CORP | Reduced | -3.8m |
| CITADEL ADVISORS LLC | Reduced | -2.6m |
| Brookfield Corp /ON/ | Reduced | -2.5m |
| BlackRock Inc. | Reduced | -2.4m |
| FPR PARTNERS LLC | Reduced | -2.3m |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | Reduced | -1.6m |
| Nuveen Asset Management, LLC | Reduced | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $74.3m4.1m shares |
| UBS Group AG | Reduced | $59.9m3.3m shares |
| CITADEL ADVISORS LLC | Reduced | $50.7m2.8m shares |
| Lombard Odier Asset Management (USA) Corp | New | $22.0m1.2m shares |
| JANE STREET GROUP, LLC | Added | $21.4m1.2m shares |
| JPMORGAN CHASE & CO | Reduced | $20.0m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $18.4m1.0m shares |
| GROUP ONE TRADING LLC | Added | $15.5m845.0k shares |
| BANK OF AMERICA CORP /DE/ | Added | $12.5m680.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $10.6m5.8k shares |
Biggest puts
| UBS Group AG | Reduced | $63.5m3.5m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $35.8m19.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.2m1.0m shares |
| Walleye Capital LLC | Added | $15.9m864.3k shares |
| CITIGROUP INC | Reduced | $12.9m705.0k shares |
| JPMORGAN CHASE & CO | Reduced | $12.0m652.4k shares |
| HSBC HOLDINGS PLC | Added | $10.0m545.2k shares |
| CITADEL ADVISORS LLC | Reduced | $8.9m485.3k shares |
| Squarepoint Ops LLC | Added | $8.7m473.4k shares |
| Walleye Trading LLC | Added | $8.1m443.1k 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 Q1 2024
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 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 | — | — |
| Q3 2023 | 0 | — | 2 | $1.1m | $162.2k |
| Q4 2023 | 0 | — | 2 | $1.4m | — |
| Q1 2024 | 0 | — | 1 | $135.0k | $135.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-01-03 | Schlosser John W V.P. (President, Terminals) | Sold plan | $135.0k7.5k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 199.9m $3.7bn | Added +27.3m |
| BlackRock Inc. 0.06% of their portfolio | 150.5m $2.8bn | Reduced -2.4m |
| STATE STREET CORP 0.10% of their portfolio | 123.2m $2.3bn | Reduced -3.8m |
| JPMORGAN CHASE & CO 0.06% of their portfolio | 73.6m $1.3bn | Added +12.1m |
| MORGAN STANLEY 0.04% of their portfolio | 73.4m $1.3bn | Added +28.2m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 63.9m $1.2bn | Added +3.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 42.4m $775.5m | Added +3.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.12% of their portfolio | 30.6m $531.4m | Added +441.9k |
| NORGES BANK 0.07% of their portfolio | 25.7m $471.5m | Added +2.5m |
| Invesco Ltd. 0.10% of their portfolio | 24.8m $454.7m | Added +3.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 20.4m $374.4m | Reduced -8.1m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 20.1m $369.1m | Reduced -1.3m |
| Legal & General Group Plc 0.10% of their portfolio | 18.4m $336.6m | Reduced -100.2k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 16.6m $305.3m | Added +258.8k |
| UBS Group AG 0.10% of their portfolio | 16.5m $303.4m | Added +2.4m |
| Amundi 0.11% of their portfolio | 14.6m $265.6m | Reduced -327.5k |
| DEUTSCHE BANK AG\ 0.12% of their portfolio | 13.7m $252.0m | Reduced -282.6k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.51% of their portfolio | 13.7m $251.6m | Reduced -922.3k |
| WELLS FARGO & COMPANY/MN 0.06% of their portfolio | 13.3m $243.4m | Added +567.0k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 13.3m $243.0m | Reduced -663.2k |
| Ensign Peak Advisors, Inc 0.39% of their portfolio | 11.7m $214.3m | Reduced -1.2m |
| Clearbridge Investments, LLC 0.16% of their portfolio | 11.1m $204.3m | Added +2.1m |
| Energy Income Partners, LLC 4.02% of their portfolio | 10.7m $196.6m | Added +272.6k |
| LORD, ABBETT & CO. LLC 0.30% of their portfolio | 10.1m $185.2m | Unchanged |
| KAYNE ANDERSON CAPITAL ADVISORS LP 5.14% of their portfolio | 10.0m $182.7m | Added +3.1m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 9.5m $174.2m | Added +65.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 8.9m $163.6m | Reduced -132.5k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 8.7m $158.8m | Reduced -6.9m |
| FPR PARTNERS LLC 12.09% of their portfolio | 8.3m $152.2m | Reduced -2.3m |
| First Pacific Advisors, LP 2.07% of their portfolio | 8.0m $147.4m | Added +20.9k |
| Orbis Allan Gray Ltd 0.87% of their portfolio | 7.9m $145.7m | Reduced -31.6k |
| BANK OF MONTREAL /CAN/ 0.04% of their portfolio | 7.8m $141.8m | Reduced -1.3m |
| Castle Hook Partners LP 5.17% of their portfolio | 7.8m $143.0m | Added +4.1m |
| BERKLEY W R CORP 8.73% of their portfolio | 7.6m $139.8m | Added +1.0m |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 7.4m $141.9m | Reduced -1.6m |
| BARCLAYS PLC 0.06% of their portfolio | 7.2m $132.4m | Reduced -281.4k |
| MARSHALL WACE, LLP 0.20% of their portfolio | 6.4m $118.2m | Added +4.6m |
| Swiss National Bank 0.08% of their portfolio | 6.0m $109.9m | Reduced -279.7k |
| California Public Employees Retirement System 0.07% of their portfolio | 5.5m $100.6m | Added +1.8m |
| MACQUARIE GROUP LTD 0.11% of their portfolio | 5.2m $96.3m | Reduced -427.1k |
| THOMPSON SIEGEL & WALMSLEY LLC 1.46% of their portfolio | 5.2m $94.9m | Added +350.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 5.0m $91.9m | Added +24.5k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 5.0m $91.2m | Reduced -267.9k |
| Sound Shore Management Inc /CT/ 2.82% of their portfolio | 4.9m $90.0m | Added +204.9k |
| Mirae Asset Global Investments Co., Ltd. 0.18% of their portfolio | 4.9m $83.5m | Added +28.8k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.18% of their portfolio | 4.8m $87.6m | Reduced -17.3k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 4.6m $83.6m | Reduced -4.6m |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 4.4m $81.1m | Reduced -619.9k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 4.2m $77.8m | Reduced -287.2k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 4.0m $74.0m | Added +30.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 4.0m $73.9m | Reduced -127.2k |
| Bahl & Gaynor LLC 0.40% of their portfolio | 4.0m $72.6m | Reduced -56.1k |
| FMR LLC 0.00% of their portfolio | 3.9m $72.3m | Added +829.2k |
| Duquesne Family Office LLC 1.91% of their portfolio | 3.9m $71.2m | New |
| Empower Advisory Group, LLC 0.26% of their portfolio | 3.7m $68.5m | Added +59.7k |
| WESTWOOD HOLDINGS GROUP INC 0.52% of their portfolio | 3.6m $65.9m | Reduced -533.2k |
| CREDIT SUISSE AG/ 0.06% of their portfolio | 3.6m $65.6m | Reduced -40.4k |
| Rockefeller Capital Management L.P. 0.19% of their portfolio | 3.6m $65.5m | Added +638.5k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 3.4m $63.1m | Added +1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio | 3.4m $61.7m | Reduced -721.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.41% of their portfolio | 3.3m $60.5m | Added +28.4k |
| LPL Financial LLC 0.03% of their portfolio | 3.2m $57.9m | Added +228.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 3.2m $57.8m | Reduced -8.0k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.82% of their portfolio | 3.1m $56.9m | Reduced -327.0k |
| Fayez Sarofim & Co 0.16% of their portfolio | 2.9m $54.1m | Reduced -11.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.20% of their portfolio | 2.9m $53.9m | Reduced -246.1k |
| Assenagon Asset Management S.A. 0.14% of their portfolio | 2.9m $52.8m | Added +1.1m |
| ZACKS INVESTMENT MANAGEMENT 0.55% of their portfolio | 2.8m $52.0m | Added +88.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 2.8m $50.9m | Added +622.6k |
| SIR Capital Management, L.P. 5.11% of their portfolio | 2.8m $50.8m | Added +1.3m |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 2.8m $50.5m | Added +50.0k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 0.89% of their portfolio | 2.7m $48.6m | Added +20.0k |
| Nan Shan Life Insurance Co., Ltd. 1.13% of their portfolio | 2.6m $48.2m | Added +856.8k |
| Advisors Capital Management, LLC 0.88% of their portfolio | 2.6m $48.0m | Added +89.9k |
| National Pension Service 0.06% of their portfolio | 2.6m $47.9m | Added +82.3k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.22% of their portfolio | 2.6m $47.9m | Added +66.8k |
| Squarepoint Ops LLC 0.20% of their portfolio | 2.6m $47.3m | Reduced -237.0k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 2.5m $46.7m | Added +144.7k |
| FORT PITT CAPITAL GROUP, LLC 1.44% of their portfolio | 2.5m $46.6m | Added +50.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 2.5m $45.9m | Added +427.6k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.11% of their portfolio | 2.4m $44.1m | Added +81.4k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.4m $44.1m | Added +64.5k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 2.4m $43.9m | Reduced -200.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 2.4m $43.3m | Added +420.5k |
| Aberdeen Group plc 0.08% of their portfolio | 2.3m $42.8m | Added +57.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 2.3m $42.4m | Reduced -26.4k |
| CITIGROUP INC 0.05% of their portfolio | 2.3m $42.0m | Added +869.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 2.3m $39.9m | Added +74.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.2m $40.8m | Reduced -1.3m |
| Mariner, LLC 0.08% of their portfolio | 2.2m $40.6m | Added +47.3k |
| AVIVA PLC 0.13% of their portfolio | 2.2m $40.5m | Added +122.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 2.1m $38.9m | Added +13.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 2.1m $38.5m | Added +1.4m |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 2.1m $38.0m | Reduced -32.5k |
| ALPS ADVISORS INC 0.26% of their portfolio | 2.0m $37.1m | Added +41.5k |
| DANSKE BANK A/S 0.11% of their portfolio | 1.9m $35.3m | First filing |
| Allianz Asset Management GmbH 0.06% of their portfolio | 1.9m $34.9m | Reduced -233.6k |
| Recurrent Investment Advisors LLC 3.95% of their portfolio | 1.9m $34.0m | Added +3.6k |
| NICHOLS & PRATT ADVISERS LLP /MA 2.29% of their portfolio | 1.9m $33.9m | Reduced -14.7k |
| Maryland State Retirement & Pension System 0.64% of their portfolio | 1.8m $32.0m | Added +30.3k |