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 ($204.3m this quarter). Holder counts are more reliable. Shares outstanding: 2.2bn as of 2025-07-17, 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 ≈ $29.39. Options: 43 managers hold calls ($562.1m notional), 36 hold puts ($390.4m).
Trends to Q2 2025
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 |
| Q2 2024 | 1,394 |
| Q3 2024 | 1,420 |
| Q4 2024 | 1,602 |
| Q1 2025 | 1,646 |
| Q2 2025 | 1,670 |
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 | 603 | 590 |
| Q4 2023 | 608 | 638 |
| Q1 2024 | 663 | 633 |
| Q2 2024 | 668 | 611 |
| Q3 2024 | 691 | 613 |
| Q4 2024 | 723 | 645 |
| Q1 2025 | 777 | 731 |
| Q2 2025 | 802 | 702 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $698.8m | $463.4m | 0.66 |
| Q4 2024 | $906.0m | $765.2m | 0.84 |
| Q1 2025 | $853.9m | $670.6m | 0.79 |
| Q2 2025 | $562.1m | $390.4m | 0.69 |
Biggest buyers
| Blackstone Inc. | Added | +10.1m |
| NORGES BANK | Added | +7.5m |
| ROYAL BANK OF CANADA | Added | +7.4m |
| Merewether Investment Management, LP | New | +4.7m |
| BlackRock, Inc. | Added | +4.3m |
| 59 North Capital Management, LP | Added | +3.7m |
| MARSHALL WACE, LLP | Added | +3.3m |
| VANGUARD GROUP INC | Added | +3.1m |
| Assenagon Asset Management S.A. | Added | +3.0m |
| Castle Hook Partners LP | Added | +3.0m |
Biggest sellers
| Brookfield Corp /ON/ | Reduced | -3.7m |
| Amundi | Reduced | -3.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -2.4m |
| TWO SIGMA ADVISERS, LP | Reduced | -2.1m |
| STATE STREET CORP | Reduced | -2.1m |
| WELLS FARGO & COMPANY/MN | Reduced | -2.0m |
| Clearbridge Investments, LLC | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.7m |
| D. E. Shaw & Co., Inc. | Reduced | -1.6m |
| JANE STREET GROUP, LLC | Sold out | -1.5m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $123.7m4.2m shares |
| CITADEL ADVISORS LLC | Reduced | $92.3m3.1m shares |
| JANE STREET GROUP, LLC | Reduced | $39.3m1.3m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $33.8m1.1m shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $29.5m1.0m shares |
| IMC-Chicago, LLC | Reduced | $23.1m785.7k shares |
| JPMORGAN CHASE & CO | Reduced | $22.9m779.0k shares |
| UBS Group AG | Reduced | $19.7m671.6k shares |
| BANK OF AMERICA CORP /DE/ | Added | $18.6m631.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.5m562.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $65.1m2.2m shares |
| CITADEL ADVISORS LLC | Reduced | $59.4m2.0m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $51.8m1.8m shares |
| UBS Group AG | Reduced | $29.4m1.0m shares |
| WELLS FARGO & COMPANY/MN | Reduced | $19.5m663.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $16.3m554.4k shares |
| JPMORGAN CHASE & CO | Reduced | $15.7m533.5k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $14.8m502.5k shares |
| IMC-Chicago, LLC | Reduced | $12.9m439.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.9m438.4k 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 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 | 0 | — | 2 | $1.1m | $162.2k |
| Q4 2023 | 0 | — | 2 | $1.4m | — |
| Q1 2024 | 0 | — | 1 | $135.0k | $135.0k |
| Q2 2024 | 0 | — | 2 | $5.3m | — |
| Q3 2024 | 1 | $201.0k | 3 | $4.2m | — |
| Q4 2024 | 1 | $55.8k | 2 | $23.3m | $994.6k |
| Q1 2025 | 0 | — | 3 | $7.8m | $1.5m |
| Q2 2025 | 0 | — | 1 | $1.5m | $1.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-04 | MARTIN THOMAS A President | Sold plan | $508.7k18.0k shares |
| 2025-05-07 | MARTIN THOMAS A President | Sold plan | $496.3k18.0k shares |
| 2025-04-02 | MARTIN THOMAS A President | Sold plan | $517.5k18.0k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 207.2m $6.1bn | Added +3.1m |
| BlackRock, Inc. 0.09% of their portfolio | 165.0m $4.9bn | Added +4.3m |
| STATE STREET CORP 0.13% of their portfolio | 114.9m $3.4bn | Reduced -2.1m |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 52.6m $1.5bn | Added +714.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 51.8m $1.5bn | Added +599.2k |
| NORGES BANK 0.15% of their portfolio | 39.6m $1.2bn | Added +7.5m |
| JPMORGAN CHASE & CO 0.07% of their portfolio | 35.2m $1.0bn | Added +1.7m |
| MORGAN STANLEY 0.06% of their portfolio | 30.7m $902.3m | Reduced -1.7m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio | 29.8m $876.8m | Reduced -138.3k |
| Orbis Allan Gray Ltd 3.24% of their portfolio | 22.6m $665.5m | Added +670.9k |
| Invesco Ltd. 0.11% of their portfolio | 21.9m $645.3m | Added +603.2k |
| Blackstone Inc. 2.83% of their portfolio | 21.4m $630.4m | Added +10.1m |
| UBS Group AG 0.12% of their portfolio | 19.9m $584.1m | Added +1.7m |
| NORTHERN TRUST CORP 0.08% of their portfolio | 19.8m $582.9m | Reduced -879.4k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 16.3m $480.5m | Added +301.2k |
| Legal & General Group Plc 0.11% of their portfolio | 15.7m $460.6m | Added +45.8k |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 14.3m $420.5m | Reduced -2.4m |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 14.2m $418.4m | Added +7.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 14.0m $410.7m | Added +643.5k |
| DEUTSCHE BANK AG\ 0.15% of their portfolio | 13.7m $401.5m | Reduced -1.3m |
| WELLS FARGO & COMPANY/MN 0.09% of their portfolio | 13.6m $400.4m | Reduced -2.0m |
| Bank of New York Mellon Corp 0.07% of their portfolio | 12.9m $379.8m | Reduced -731.9k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 7.36% of their portfolio | 10.8m $316.6m | Reduced -16.7k |
| 59 North Capital Management, LP 11.12% of their portfolio | 10.6m $311.6m | Added +3.7m |
| Castle Hook Partners LP 4.34% of their portfolio | 10.0m $295.0m | Added +3.0m |
| Amundi 0.10% of their portfolio | 9.8m $279.7m | Reduced -3.0m |
| Ensign Peak Advisors, Inc 0.49% of their portfolio | 9.7m $286.0m | Added +412.7k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.59% of their portfolio | 9.4m $275.4m | Reduced -784.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.50% of their portfolio | 8.8m $259.2m | Added +237.8k |
| Assenagon Asset Management S.A. 0.40% of their portfolio | 8.5m $250.1m | Added +3.0m |
| Nuveen, LLC 0.06% of their portfolio | 7.7m $225.9m | Added +463.0k |
| Clearbridge Investments, LLC 0.18% of their portfolio | 7.6m $224.5m | Reduced -1.7m |
| WESTWOOD HOLDINGS GROUP INC 1.49% of their portfolio | 7.1m $207.5m | Added +616.7k |
| BERKLEY W R CORP 12.08% of their portfolio | 6.6m $194.8m | Unchanged |
| Energy Income Partners, LLC 3.63% of their portfolio | 6.3m $185.1m | Reduced -334.5k |
| Swiss National Bank 0.11% of their portfolio | 6.1m $178.0m | Added +414.3k |
| BESSEMER GROUP INC 0.29% of their portfolio | 6.0m $175.9m | Reduced -10.9k |
| California Public Employees Retirement System 0.11% of their portfolio | 5.8m $171.7m | Reduced -665.5k |
| RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio | 5.5m $160.3m | Reduced -286.9k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 5.3m $155.7m | Added +101.8k |
| Pictet Asset Management Holding SA 0.16% of their portfolio | 5.3m $155.1m | Added +1.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 5.2m $152.1m | Added +39.6k |
| FMR LLC 0.01% of their portfolio | 4.9m $144.5m | Reduced -1.0m |
| ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio | 4.9m $143.1m | Added +246.0k |
| BARCLAYS PLC 0.06% of their portfolio | 4.9m $142.9m | Added +593.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 4.8m $139.9m | Added +140.1k |
| Merewether Investment Management, LP 3.99% of their portfolio | 4.7m $138.5m | New |
| Bahl & Gaynor LLC 0.70% of their portfolio | 4.7m $138.4m | Reduced -1.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 4.4m $128.9m | Added +714.6k |
| LORD, ABBETT & CO. LLC 0.41% of their portfolio | 4.3m $126.1m | Unchanged |
| MARSHALL WACE, LLP 0.15% of their portfolio | 4.2m $122.5m | Added +3.3m |
| Rockefeller Capital Management L.P. 0.16% of their portfolio | 4.1m $136.0m | Added +1.4m |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 4.1m $121.4m | Reduced -227.8k |
| National Pension Service 0.10% of their portfolio | 4.1m $119.5m | Reduced -715.2k |
| FIRST TRUST ADVISORS LP 0.10% of their portfolio | 4.0m $118.6m | Reduced -269.4k |
| LPL Financial LLC 0.04% of their portfolio | 4.0m $118.1m | Added +155.9k |
| Alyeska Investment Group, L.P. 0.41% of their portfolio | 4.0m $116.6m | Added +2.2m |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 4.0m $116.2m | Reduced -807.8k |
| First Pacific Advisors, LP 1.66% of their portfolio | 3.9m $115.8m | Reduced -532.0k |
| RHUMBLINE ADVISERS 0.10% of their portfolio | 3.9m $115.5m | Added +14.3k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.60% of their portfolio | 3.8m $112.9m | Reduced -39.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.09% of their portfolio | 3.7m $109.9m | Added +216.2k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 3.7m $109.9m | Added +244.0k |
| Focus Partners Wealth 0.23% of their portfolio | 3.6m $106.5m | Added +114.5k |
| MACQUARIE GROUP LTD 0.12% of their portfolio | 3.5m $101.8m | Added +197.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.50% of their portfolio | 3.2m $93.8m | Added +40.5k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 3.2m $92.9m | Reduced -137.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio | 3.1m $91.7m | Reduced -270.4k |
| ZACKS INVESTMENT MANAGEMENT 0.75% of their portfolio | 3.0m $87.2m | Added +33.3k |
| AVIVA PLC 0.17% of their portfolio | 2.8m $82.0m | Added +108.8k |
| Empower Advisory Group, LLC 0.24% of their portfolio | 2.8m $81.6m | Added +22.9k |
| Advisors Capital Management, LLC 1.11% of their portfolio | 2.8m $81.2m | Added +78.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 2.7m $79.3m | Added +27.6k |
| Sound Shore Management Inc /CT/ 2.65% of their portfolio | 2.6m $77.6m | Added +243.7k |
| KORNITZER CAPITAL MANAGEMENT INC /KS 1.55% of their portfolio | 2.6m $76.9m | Reduced -21.9k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.33% of their portfolio | 2.6m $76.9m | Reduced -21.8k |
| Mariner, LLC 0.11% of their portfolio | 2.6m $75.7m | Added +117.0k |
| CANADA LIFE ASSURANCE Co 0.12% of their portfolio | 2.6m $75.2m | Added +111.4k |
| Brookfield Corp /ON/ 0.09% of their portfolio | 2.6m $75.0m | Reduced -3.7m |
| Fayez Sarofim & Co 0.18% of their portfolio | 2.5m $74.8m | Added +64.2k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 4.49% of their portfolio | 2.5m $73.9m | Reduced -354.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.86% of their portfolio | 2.5m $72.8m | Added +754.7k |
| Aberdeen Group plc 0.12% of their portfolio | 2.4m $71.6m | Added +92.1k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.16% of their portfolio | 2.4m $71.1m | Added +48.4k |
| Zimmer Partners, LP 1.47% of their portfolio | 2.2m $64.2m | Reduced -1.0m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.2m $64.0m | Reduced -7.8k |
| CITIGROUP INC 0.04% of their portfolio | 2.2m $63.7m | Reduced -835.3k |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 2.2m $63.5m | Reduced -875.1k |
| FRANKLIN RESOURCES INC 0.02% of their portfolio | 2.1m $62.9m | Added +700.7k |
| STIFEL FINANCIAL CORP 0.06% of their portfolio | 2.1m $62.6m | Added +17.2k |
| EXCHANGE TRADED CONCEPTS, LLC 0.78% of their portfolio | 2.1m $61.2m | Added +33.4k |
| SIR Capital Management, L.P. 5.38% of their portfolio | 2.0m $60.3m | Reduced -19.4k |
| Balyasny Asset Management L.P. 0.13% of their portfolio | 2.0m $59.2m | Added +533.2k |
| Fisher Funds Management LTD 1.33% of their portfolio | 1.9m $56.0m | Reduced -102.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.10% of their portfolio | 1.9m $55.9m | Added +24.1k |
| Korea Investment CORP 0.12% of their portfolio | 1.8m $54.3m | Reduced -97.3k |
| Maryland State Retirement & Pension System 1.18% of their portfolio | 1.8m $54.0m | Added +106.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.31% of their portfolio | 1.8m $53.9m | Added +26.9k |
| NICHOLS & PRATT ADVISERS LLP /MA 3.57% of their portfolio | 1.8m $53.2m | Added +8.3k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.88% of their portfolio | 1.8m $52.1m | Reduced -4.6k |