Vault-13

NUSTAR ENERGY LP NS

UNIT COM · MLP · CUSIP 67058H102

149 institutional holders +10 vs Q3 2023
84,590,98184.6m shares reported held*
$1.6bnreported value*
18 new 42 added 41 reduced 11 sold out net bought ≈ $91.3m (+4.9m 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 ≈ $18.68. Options: 6 managers hold calls ($3.5m notional), 5 hold puts ($791.3k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 135Q4 22: 139Q1 23: 132Q2 23: 133Q3 23: 139Q4 23: 149149Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022135
Q4 2022139
Q1 2023132
Q2 2023133
Q3 2023139
Q4 2023149

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 53 bought or addedQ4 22: 50 cut or sold outQ4 22Q1 23: 45 bought or addedQ1 23: 48 cut or sold outQ1 23Q2 23: 51 bought or addedQ2 23: 46 cut or sold outQ2 23Q3 23: 68 bought or addedQ3 23: 41 cut or sold outQ3 23Q4 23: 60 bought or addedQ4 23: 52 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20225350
Q1 20234548
Q2 20235146
Q3 20236841
Q4 20236052

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ1 23 calls: $5.0mQ1 23 puts: $1.4mQ1 23P/C 0.29Q2 23 calls: $13.1mQ2 23 puts: $1.5mQ2 23P/C 0.11Q3 23 calls: $16.8mQ3 23 puts: $1.3mQ3 23P/C 0.08Q4 23 calls: $3.5mQ4 23 puts: $791.3kQ4 23P/C 0.23
Numbers
QuarterCallsPutsP/C
Q1 2023$5.0m$1.4m0.29
Q2 2023$13.1m$1.5m0.11
Q3 2023$16.8m$1.3m0.08
Q4 2023$3.5m$791.3k0.23

Biggest buyers

JPMORGAN CHASE & CO Added +5,066,949+5.1m
MORGAN STANLEY Added +1,346,120+1.3m
Mirae Asset Global Investments Co., Ltd. Added +1,086,994+1.1m
Blackstone Inc. Added +1,084,858+1.1m
MILLER HOWARD INVESTMENTS INC /NY Added +468,239+468.2k
JENNISON ASSOCIATES LLC New +454,842+454.8k
BARCLAYS PLC Added +394,719+394.7k
GOLDMAN SACHS GROUP INC Added +351,608+351.6k
WELLS FARGO & COMPANY/MN Added +190,832+190.8k
CITADEL ADVISORS LLC Added +185,485+185.5k

Biggest sellers

CIBC Private Wealth Group LLC Reduced -1,423,664-1.4m
EAGLE GLOBAL ADVISORS LLC Reduced -790,700-790.7k
KAYNE ANDERSON CAPITAL ADVISORS LP Reduced -663,300-663.3k
WESTWOOD HOLDINGS GROUP INC Reduced -526,072-526.1k
UBS Group AG Reduced -506,884-506.9k
BANK OF AMERICA CORP /DE/ Reduced -444,360-444.4k
NATIXIS Reduced -380,300-380.3k
CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT Sold out -322,594-322.6k
Ghisallo Capital Management LLC Sold out -300,000-300.0k
Brookfield Corp /ON/ Reduced -245,832-245.8k

Biggest calls

CITADEL ADVISORS LLC Reduced $2.5m133.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $543.6k29.1k shares
PEAK6 Investments LLC Reduced $198.0k10.6k shares
SIMPLEX TRADING, LLC Reduced $134.0k7.2k shares
GROUP ONE TRADING LLC Reduced $123.3k6.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Added $524.9k28.1k shares
PEAK6 Investments LLC Added $216.7k11.6k shares
SIMPLEX TRADING, LLC Reduced $31.0k1.7k shares
GROUP ONE TRADING LLC Unchanged $18.7k1.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Invesco Ltd. 0.09% of their portfolio ATLANTA, GA 20,580,43420.6m $384.4m $384.4m 0.09% Added +13.5k +13,475
2 ALPS ADVISORS INC 2.92% of their portfolio Denver, CO 19,851,29519.9m $370.8m $370.8m 2.92% Reduced -14.1k -14,123
3 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 6,980,2487.0m $130.4m $130.4m 0.01% Added +5.1m +5,066,949
4 Mirae Asset Global Investments Co., Ltd. 0.23% of their portfolio SEOUL, M5 6,112,6296.1m $114.2m $114.2m 0.23% Added +1.1m +1,086,994
5 TORTOISE CAPITAL ADVISORS, L.L.C. 1.12% of their portfolio OVERLAND PARK, KS 3,888,4183.9m $72.6m $72.6m 1.12% Added +37.9k +37,946
6 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 3,535,4543.5m $66.0m $66.0m 0.01% Added +351.6k +351,608
7 Blackstone Inc. 0.29% of their portfolio NEW YORK, NY 3,401,6263.4m $63.5m $63.5m 0.29% Added +1.1m +1,084,858
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,002,3343.0m $56.1m $56.1m 0.00% Added +1.3m +1,346,120
9 Clearbridge Investments, LLC 0.03% of their portfolio NEW YORK, NY 2,149,6802.1m $40.2m $40.2m 0.03% Unchanged
10 INFRASTRUCTURE CAPITAL ADVISORS, LLC 3.84% of their portfolio New York, NY 1,319,8111.3m $24.7m $24.7m 3.84% Reduced -75.9k -75,888
11 Brookfield Corp /ON/ 0.10% of their portfolio TORONTO, A6 907,300907.3k $16.9m $16.9m 0.10% Reduced -245.8k -245,832
12 CIBC Private Wealth Group LLC 0.03% of their portfolio ATLANTA, GA 880,142880.1k $16.4m $16.4m 0.03% Reduced -1.4m -1,423,664
13 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 878,701878.7k $16.4m $16.4m 0.01% Reduced -7.8k -7,821
14 MILLER HOWARD INVESTMENTS INC /NY 0.56% of their portfolio KINGSTON, NY 858,823858.8k $16.0m $16.0m 0.56% Added +468.2k +468,239
15 Adams Asset Advisors, LLC 1.70% of their portfolio DALLAS, TX 675,196675.2k $12.6m $12.6m 1.70% Unchanged
16 Fractal Investments LLC 2.47% of their portfolio Glastonbury, CT 643,707643.7k $12.0m $12.0m 2.47% Unchanged
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 634,204634.2k $11.8m $11.8m 0.00% Reduced -506.9k -506,884
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 528,081528.1k $9.9m $9.9m 0.00% Reduced -444.4k -444,360
19 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 526,838526.8k $9.8m $9.8m 0.01% Added +394.7k +394,719
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 516,550516.5k $9.6m $9.6m 0.00% Added +190.8k +190,832
21 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 454,842454.8k $8.5m $8.5m 0.01% New
22 Kercheville Advisors, LLC 4.05% of their portfolio San Antonio, TX 385,526385.5k $7.2m $7.2m 4.05% Reduced -5.0k -4,995
23 EAGLE GLOBAL ADVISORS LLC 0.40% of their portfolio Houston, TX 352,715352.7k $6.6m $6.6m 0.40% Reduced -790.7k -790,700
24 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 339,900339.9k $6.3m $6.3m 0.06% Added +14.9k +14,900
25 Catalyst Capital Advisors LLC 0.14% of their portfolio San Juan, PR 280,821280.8k $5.2m $5.2m 0.14% Unchanged
26 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 237,946237.9k $4.4m $4.4m 0.00% Reduced -218.5k -218,471
27 NATIXIS 0.03% of their portfolio PARIS, I0 204,600204.6k $3.8m $3.8m 0.03% Reduced -380.3k -380,300
28 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 195,592195.6k $3.7m $3.7m 0.01% Added +2.2k +2,218
29 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 194,673194.7k $3.6m $3.6m 0.00% Reduced -7.9k -7,877
30 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 185,537185.5k $3.5m $3.5m 0.00% Added +185.5k +185,485
31 ING GROEP NV 0.03% of their portfolio AMSTERDAM, P7 176,500176.5k $3.3m $3.3m 0.03% New
32 ICON ADVISERS INC/CO 0.68% of their portfolio GREENWOOD VILLAGE, CO 160,000160.0k $3.0m $3.0m 0.68% Unchanged
33 Advisors Capital Management, LLC 0.06% of their portfolio RIDGEWOOD, NJ 157,583157.6k $2.9m $2.9m 0.06% Reduced -3.5k -3,477
34 Tortoise Index Solutions, LLC 0.52% of their portfolio OVERLAND PARK, KS 149,794149.8k $2.8m $2.8m 0.52% Added +17.1k +17,110
35 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 149,431149.4k $2.8m $2.8m 0.07% Added +16.7k +16,747
36 CHICKASAW CAPITAL MANAGEMENT LLC 0.14% of their portfolio MEMPHIS, TN 148,000148.0k $2.8m $2.8m 0.14% New
37 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 137,622137.6k $2.6m $2.6m 0.00% Added +285 +285
38 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 137,271137.3k $2.6m $2.6m 0.05% Added +2.3k +2,282
39 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 123,806123.8k $2.3m $2.3m 0.03% Reduced -2.4k -2,419
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 123,201123.2k $2.3m $2.3m 0.00% Added +24.6k +24,596
41 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 112,221112.2k $2.1m $2.1m 0.01% Reduced -18.1k -18,081
42 Sovereign Investment Advisors, LLC 0.76% of their portfolio PHOENIX, AZ 108,805108.8k $2.0m $2.0m 0.76% Unchanged
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 107,487107.5k $2.0m $2.0m 0.00% Reduced -134.4k -134,398
44 WESTWOOD HOLDINGS GROUP INC 0.02% of their portfolio DALLAS, TX 101,627101.6k $1.9m $1.9m 0.02% Reduced -526.1k -526,072
45 Maryland State Retirement & Pension System 0.04% of their portfolio BALTIMORE, MD 95,25095.2k $1.8m $1.8m 0.04% Added +1.3k +1,260
46 Quantum Portfolio Management LLC 1.03% of their portfolio NEW YORK, NY 87,75987.8k $1.6m $1.6m 1.03% First filing
47 Texas Yale Capital Corp. 0.07% of their portfolio ST. PETERSBURG, FL 81,14181.1k $1.5m $1.5m 0.07% Added +12.0k +12,000
48 Jump Financial, LLC 0.05% of their portfolio Chicago, IL 80,00080.0k $1.5m $1.5m 0.05% New
49 GraniteShares Advisors LLC 1.33% of their portfolio NEW YORK, NY 79,25079.2k $1.5m $1.5m 1.33% New
50 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 74,79474.8k $1.4m $1.4m 0.00% Reduced -89.0k -88,965
51 DIVIDEND ASSETS CAPITAL, LLC 0.23% of their portfolio Ridgeland, SC 72,14172.1k $1.2m $1.2m 0.23% Added +62 +62
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 71,28071.3k $1.3m $1.3m 0.00% Reduced -111.3k -111,251
53 Sendero Wealth Management, LLC 0.23% of their portfolio SAN ANTONIO, TX 66,46066.5k $1.2m $1.2m 0.23% Added +5 +5
54 Bramshill Investments, LLC 0.12% of their portfolio NAPLES, FL 63,79663.8k $1.2m $1.2m 0.12% New
55 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 53,52653.5k $999.9k $999.9k 0.00% Reduced -63.0k -63,010
56 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 51,52051.5k $962.4k $962.4k 0.00% Reduced -1.0k -1,020
57 SL ADVISORS, LLC 1.90% of their portfolio NAPLES, FL 47,19947.2k $881.7k $881.7k 1.90% Reduced -3.9k -3,880
58 Gilman Hill Asset Management, LLC 0.16% of their portfolio NEW CANAAN, CT 46,68546.7k $872.1k $872.1k 0.16% Unchanged
59 Mariner, LLC 0.00% of their portfolio Overland Park, KS 46,30246.3k $864.9k $864.9k 0.00% Added +510 +510
60 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 41,69041.7k $779.0k $779.0k 0.00% Reduced -2.4k -2,358
61 CASTLEARK MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 40,65040.6k $759.3k $759.3k 0.03% Unchanged
62 BlackRock Inc. 0.00% of their portfolio New York, NY 39,60739.6k $739.9k $739.9k 0.00% Added +2.7k +2,703
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 36,22736.2k $676.7k $676.7k 0.00% Added +2.4k +2,408
64 DRW Securities, LLC 0.02% of their portfolio CHICAGO, IL 36,15136.2k $675.3k $675.3k 0.02% New
65 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 35,06935.1k $655.1k $655.1k 0.00% Added +10.1k +10,050
66 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.10% of their portfolio Fort Collins, CO 33,84633.8k $632.2k $632.2k 0.10% Unchanged
67 Oxbow Advisors, LLC 0.10% of their portfolio Austin, TX 33,78333.8k $631.1k $631.1k 0.10% Unchanged
68 MOTCO 0.04% of their portfolio SAN ANTONIO, TX 32,43632.4k $605.9k $605.9k 0.04% Added +32.3k +32,336
69 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 31,28131.3k $584.3k $584.3k 0.00% Unchanged
70 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 26,64126.6k $498.0k $498.0k 0.00% Added +14.9k +14,939
71 Linscomb Wealth, Inc. 0.03% of their portfolio Houston, TX 25,60025.6k $478.2k $478.2k 0.03% Unchanged
72 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 23,75923.8k $443.8k $443.8k 0.00% Added +5 +5
73 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% of their portfolio Cincinnati, OH 23,63723.6k $441.5k $441.5k 0.00% New
74 BOKF, NA 0.01% of their portfolio TULSA, OK 23,48523.5k $438.7k $438.7k 0.01% Added +214 +214
75 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 23,03023.0k $430.2k $430.2k 0.00% Added +7.7k +7,732
76 Moors & Cabot, Inc. 0.03% of their portfolio BOSTON, MA 21,59021.6k $403.3k $403.3k 0.03% Unchanged
77 STEEL GROVE CAPITAL ADVISORS, LLC 0.05% of their portfolio MEMPHIS, TN 20,75520.8k $387.7k $387.7k 0.05% Unchanged
78 Cohen Capital Management, Inc. 0.07% of their portfolio CORTE MADERA, CA 20,52720.5k $383.4k $383.4k 0.07% Unchanged
79 F&V Capital Management, LLC 0.12% of their portfolio BOCA RATON, FL 19,85019.9k $371.0k $371.0k 0.12% Unchanged
80 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 16,85616.9k $314.9k $314.9k 0.00% Reduced -620 -620
81 Lindbrook Capital, LLC 0.03% of their portfolio CALABASAS, CA 16,65216.7k $311.1k $311.1k 0.03% Reduced -1.3k -1,271
82 Donoghue Forlines LLC 0.09% of their portfolio Boston, MA 15,36115.4k $286.9k $286.9k 0.09% New
83 Weiss Multi-Strategy Advisers LLC 0.01% of their portfolio NEW YORK, NY 15,01115.0k $280.0k $280.0k 0.01% New
84 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 14,88114.9k $278.0k $278.0k 0.00% Added +2.1k +2,128
85 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 14,39614.4k $268.9k $268.9k 0.00% Reduced -431 -431
86 KAYNE ANDERSON CAPITAL ADVISORS LP 0.01% of their portfolio LOS ANGELES, CA 13,30013.3k $248.4k $248.4k 0.01% Reduced -663.3k -663,300
87 Sheaff Brock Investment Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 12,70512.7k $237.3k $237.3k 0.02% Unchanged
88 Cetera Advisor Networks LLC 0.00% of their portfolio EL SEGUNDO, CA 12,63712.6k $236.1k $236.1k 0.00% Added +160 +160
89 Crumly & Associates Inc. 0.07% of their portfolio SPRINGFIELD, IL 12,46112.5k $232.8k $232.8k 0.07% Reduced -4.4k -4,381
90 Waterloo Capital, L.P. 0.04% of their portfolio AUSTIN, TX 12,36312.4k $230.9k $230.9k 0.04% New
91 BASSO CAPITAL MANAGEMENT, L.P. 0.24% of their portfolio STAMFORD, CT 12,20012.2k $227.9k $227.9k 0.24% Unchanged
92 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 12,12212.1k $226.4k $226.4k 0.00% Reduced -3.4k -3,429
93 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 12,11912.1k $226.4k $226.4k 0.00% Reduced -1.6k -1,650
94 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 12,02712.0k $224.7k $224.7k 0.01% Reduced -75 -75
95 Whitener Capital Management, Inc. 0.08% of their portfolio Rocky Mount, NC 11,90011.9k $222.3k $222.3k 0.08% Reduced -300 -300
96 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 11,71011.7k $218.7k $218.7k 0.01% Added +430 +430
97 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 11,67011.7k $218.0k $218.0k 0.00% Added +327 +327
98 TWO SIGMA SECURITIES, LLC 0.01% of their portfolio NEW YORK, NY 11,29211.3k $210.9k $210.9k 0.01% New
99 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 11,12011.1k $239.8k $239.8k 0.00% Reduced -352 -352
100 Liberty Capital Management, Inc. 0.05% of their portfolio BIRMINGHAM, MI 10,96211.0k $204.8k $204.8k 0.05% Unchanged