Vault-13

NUSTAR ENERGY LP NS

UNIT COM · MLP · CUSIP 67058H102

147 institutional holders -2 vs Q4 2023
91,473,97891.5m shares reported held*
$2.1bnreported value*
25 new 35 added 43 reduced 28 sold out net bought ≈ $161.3m (+6.9m 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 ($1.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.93. Options: 7 managers hold calls ($3.4m notional), 5 hold puts ($1.0m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 135Q4 22: 139Q1 23: 132Q2 23: 133Q3 23: 139Q4 23: 149Q1 24: 147147Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022135
Q4 2022139
Q1 2023132
Q2 2023133
Q3 2023139
Q4 2023149
Q1 2024147

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 23Q1 24: 60 bought or addedQ1 24: 71 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20225350
Q1 20234548
Q2 20235146
Q3 20236841
Q4 20236052
Q1 20246071

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 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 0.23Q1 24 calls: $3.4mQ1 24 puts: $1.0mQ1 24P/C 0.29
Numbers
QuarterCallsPutsP/C
Q2 2023$13.1m$1.5m0.11
Q3 2023$16.8m$1.3m0.08
Q4 2023$3.5m$791.3k0.23
Q1 2024$3.4m$1.0m0.29

Biggest buyers

GOLDMAN SACHS GROUP INC Added +4,713,153+4.7m
Blackstone Inc. Added +2,629,854+2.6m
INFRASTRUCTURE CAPITAL ADVISORS, LLC Added +1,408,753+1.4m
KAYNE ANDERSON CAPITAL ADVISORS LP Added +913,251+913.3k
MORGAN STANLEY Added +859,812+859.8k
ING GROEP NV Added +823,000+823.0k
JPMORGAN CHASE & CO Added +809,782+809.8k
Fractal Investments LLC Added +433,000+433.0k
UBS Group AG Added +405,125+405.1k
ALPS ADVISORS INC Added +393,142+393.1k

Biggest sellers

Mirae Asset Global Investments Co., Ltd. Reduced -2,169,920-2.2m
Invesco Ltd. Reduced -2,077,520-2.1m
CIBC Private Wealth Group LLC Reduced -820,195-820.2k
BARCLAYS PLC Reduced -494,738-494.7k
EAGLE GLOBAL ADVISORS LLC Sold out -352,715-352.7k
Catalyst Capital Advisors LLC Sold out -280,821-280.8k
BANK OF MONTREAL /CAN/ Sold out -237,946-237.9k
Advisors Capital Management, LLC Sold out -157,583-157.6k
CITADEL ADVISORS LLC Reduced -150,263-150.3k
SG Americas Securities, LLC Sold out -123,806-123.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m73.0k shares
CITADEL ADVISORS LLC Reduced $1.0m45.1k shares
JANE STREET GROUP, LLC New $572.4k24.6k shares
GROUP ONE TRADING LLC Reduced $48.9k2.1k shares
PEAK6 Investments LLC Reduced $46.5k2.0k shares
SIMPLEX TRADING, LLC Reduced $11.0k500 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $393.3k16.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $323.5k13.9k shares
PEAK6 Investments LLC Unchanged $269.9k11.6k shares
GROUP ONE TRADING LLC Unchanged $23.3k1.0k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ALPS ADVISORS INC 3.33% of their portfolio Denver, CO 20,244,43720.2m $471.1m $471.1m 3.33% Added +393.1k +393,142
2 Invesco Ltd. 0.09% of their portfolio ATLANTA, GA 18,502,91418.5m $430.6m $430.6m 0.09% Reduced -2.1m -2,077,520
3 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 8,248,6078.2m $191.9m $191.9m 0.04% Added +4.7m +4,713,153
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,790,0307.8m $181.3m $181.3m 0.01% Added +809.8k +809,782
5 Blackstone Inc. 0.60% of their portfolio NEW YORK, NY 6,031,4806.0m $140.4m $140.4m 0.60% Added +2.6m +2,629,854
6 TORTOISE CAPITAL ADVISORS, L.L.C. 1.28% of their portfolio OVERLAND PARK, KS 3,948,8593.9m $91.9m $91.9m 1.28% Added +60.4k +60,441
7 Mirae Asset Global Investments Co., Ltd. 0.13% of their portfolio SEOUL, M5 3,942,7093.9m $61.2m $61.2m 0.13% Reduced -2.2m -2,169,920
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,862,1463.9m $89.9m $89.9m 0.00% Added +859.8k +859,812
9 INFRASTRUCTURE CAPITAL ADVISORS, LLC 8.38% of their portfolio New York, NY 2,728,5642.7m $63.5m $63.5m 8.38% Added +1.4m +1,408,753
10 Clearbridge Investments, LLC 0.04% of their portfolio NEW YORK, NY 2,186,6802.2m $50.9m $50.9m 0.04% Added +37.0k +37,000
11 Brookfield Corp /ON/ 0.15% of their portfolio TORONTO, A6 1,087,4251.1m $25.3m $25.3m 0.15% Added +180.1k +180,125
12 Fractal Investments LLC 4.55% of their portfolio Glastonbury, CT 1,076,7071.1m $25.1m $25.1m 4.55% Added +433.0k +433,000
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,039,3291.0m $24.2m $24.2m 0.01% Added +405.1k +405,125
14 ING GROEP NV 0.16% of their portfolio AMSTERDAM, P7 999,500999.5k $23.3m $23.3m 0.16% Added +823.0k +823,000
15 KAYNE ANDERSON CAPITAL ADVISORS LP 0.61% of their portfolio LOS ANGELES, CA 926,551926.6k $21.6m $21.6m 0.61% Added +913.3k +913,251
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 830,837830.8k $19.3m $19.3m 0.00% Added +302.8k +302,756
17 MILLER HOWARD INVESTMENTS INC /NY 0.63% of their portfolio KINGSTON, NY 829,469829.5k $19.3m $19.3m 0.63% Reduced -29.4k -29,354
18 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 823,434823.4k $19.2m $19.2m 0.02% Reduced -55.3k -55,267
19 Adams Asset Advisors, LLC 2.03% of their portfolio DALLAS, TX 675,196675.2k $15.7m $15.7m 2.03% Unchanged
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 599,617599.6k $14.0m $14.0m 0.00% Added +83.1k +83,067
21 NOMURA HOLDINGS INC 0.09% of their portfolio TOKYO, M0 489,900489.9k $11.4m $11.4m 0.09% Added +150.0k +150,000
22 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 454,842454.8k $10.6m $10.6m 0.01% Unchanged
23 Kercheville Advisors, LLC 4.23% of their portfolio San Antonio, TX 385,084385.1k $9.0m $9.0m 4.23% Reduced -442 -442
24 NATIXIS 0.03% of their portfolio PARIS, I0 204,600204.6k $4.8m $4.8m 0.03% Unchanged
25 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 195,658195.7k $4.6m $4.6m 0.01% Added +66 +66
26 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 172,259172.3k $4.0m $4.0m 0.00% Reduced -22.4k -22,414
27 CHICKASAW CAPITAL MANAGEMENT LLC 0.16% of their portfolio MEMPHIS, TN 147,000147.0k $3.4m $3.4m 0.16% Reduced -1.0k -1,000
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 124,003124.0k $2.9m $2.9m 0.00% Added +802 +802
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 120,497120.5k $2.8m $2.8m 0.00% Reduced -17.1k -17,125
30 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 117,496117.5k $2.7m $2.7m 0.07% Reduced -31.9k -31,935
31 Tortoise Index Solutions, LLC 0.55% of their portfolio OVERLAND PARK, KS 117,496117.5k $2.7m $2.7m 0.55% Reduced -32.3k -32,298
32 COWEN AND COMPANY, LLC 0.10% of their portfolio NEW YORK, NY 110,728110.7k $2.6m $2.6m 0.10% New
33 Sovereign Investment Advisors, LLC 0.87% of their portfolio PHOENIX, AZ 108,805108.8k $2.5m $2.5m 0.87% Unchanged
34 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 108,605108.6k $2.5m $2.5m 0.01% Reduced -3.6k -3,616
35 Advisors Asset Management, Inc. 0.05% of their portfolio Monument, CO 102,715102.7k $2.4m $2.4m 0.05% Reduced -34.6k -34,556
36 Maryland State Retirement & Pension System 0.04% of their portfolio BALTIMORE, MD 96,80896.8k $2.1m $2.1m 0.04% Added +1.6k +1,558
37 GraniteShares Advisors LLC 1.12% of their portfolio NEW YORK, NY 90,81490.8k $2.1m $2.1m 1.12% Added +11.6k +11,564
38 ICON ADVISERS INC/CO 0.45% of their portfolio GREENWOOD VILLAGE, CO 90,00090.0k $2.1m $2.1m 0.45% Reduced -70.0k -70,000
39 Texas Yale Capital Corp. 0.08% of their portfolio ST. PETERSBURG, FL 81,14181.1k $1.9m $1.9m 0.08% Unchanged
40 New York Life Investment Management LLC 0.02% of their portfolio New York, NY 75,88875.9k $1.8m $1.8m 0.02% New
41 Quantum Portfolio Management LLC 0.99% of their portfolio NEW YORK, NY 74,89574.9k $1.7m $1.7m 0.99% Reduced -12.9k -12,864
42 Sendero Wealth Management, LLC 0.27% of their portfolio SAN ANTONIO, TX 66,46366.5k $1.5m $1.5m 0.27% Added +3 +3
43 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 59,94759.9k $1.4m $1.4m 0.00% Reduced -820.2k -820,195
44 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 57,74057.7k $1.3m $1.3m 0.01% Reduced -43.9k -43,887
45 DIVIDEND ASSETS CAPITAL, LLC 0.25% of their portfolio Ridgeland, SC 51,46151.5k $1.2m $1.2m 0.25% Reduced -20.7k -20,680
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 49,70049.7k $1.2m $1.2m 0.00% Added +3.4k +3,398
47 FMR LLC 0.00% of their portfolio BOSTON, MA 49,04449.0k $1.1m $1.1m 0.00% New
48 First Trust Capital Management L.P. 0.10% of their portfolio CHICAGO, IL 48,79448.8k $1.1m $1.1m 0.10% New
49 SL ADVISORS, LLC 2.16% of their portfolio NAPLES, FL 47,19947.2k $1.1m $1.1m 2.16% Unchanged
50 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 46,98847.0k $1.1m $1.1m 0.00% Reduced -4.5k -4,532
51 Gilman Hill Asset Management, LLC 0.19% of their portfolio NEW CANAAN, CT 46,68546.7k $1.1m $1.1m 0.19% Unchanged
52 BlackRock Inc. 0.00% of their portfolio New York, NY 41,63341.6k $968.8k $968.8k 0.00% Added +2.0k +2,026
53 CASTLEARK MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 40,65040.6k $945.9k $945.9k 0.04% Unchanged
54 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 38,76238.8k $902.0k $902.0k 0.00% Reduced -2.9k -2,928
55 Linscomb Wealth, Inc. 0.04% of their portfolio Houston, TX 35,60035.6k $828.4k $828.4k 0.04% Added +10.0k +10,000
56 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,27435.3k $820.8k $820.8k 0.00% Reduced -150.3k -150,263
57 Bramshill Investments, LLC 0.09% of their portfolio NAPLES, FL 34,54434.5k $803.8k $803.8k 0.09% Reduced -29.3k -29,252
58 INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.13% of their portfolio Fort Collins, CO 33,84633.8k $787.6k $787.6k 0.13% Unchanged
59 MOTCO 0.05% of their portfolio SAN ANTONIO, TX 32,97633.0k $767.4k $767.4k 0.05% Added +540 +540
60 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 32,79232.8k $763.1k $763.1k 0.00% Reduced -38.5k -38,488
61 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 32,10032.1k $747.0k $747.0k 0.00% Reduced -494.7k -494,738
62 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 31,28131.3k $727.9k $727.9k 0.00% Unchanged
63 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 29,14929.1k $678.3k $678.3k 0.00% New
64 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 26,72426.7k $621.9k $621.9k 0.00% Reduced -48.1k -48,070
65 NEXPOINT ASSET MANAGEMENT, L.P. 0.09% of their portfolio Dallas, TX 23,86023.9k $555.2k $555.2k 0.09% New
66 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 23,76323.8k $553.0k $553.0k 0.00% Added +4 +4
67 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 22,64022.6k $526.8k $526.8k 0.00% Reduced -390 -390
68 BOKF, NA 0.01% of their portfolio TULSA, OK 22,48522.5k $517.6k $517.6k 0.01% Reduced -1.0k -1,000
69 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 22,12722.1k $514.9k $514.9k 0.00% Added +11.6k +11,573
70 Hilltop Holdings Inc. 0.06% of their portfolio DALLAS, TX 21,81221.8k $507.6k $507.6k 0.06% New
71 Moors & Cabot, Inc. 0.03% of their portfolio BOSTON, MA 21,59021.6k $502.4k $502.4k 0.03% Unchanged
72 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 21,44821.4k $499.1k $499.1k 0.00% New
73 Lindbrook Capital, LLC 0.04% of their portfolio CALABASAS, CA 20,60120.6k $479.4k $479.4k 0.04% Added +3.9k +3,949
74 Cohen Capital Management, Inc. 0.08% of their portfolio CORTE MADERA, CA 20,52720.5k $477.7k $477.7k 0.08% Unchanged
75 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 20,42720.4k $477.0k $477.0k 0.00% New
76 Oxbow Advisors, LLC 0.07% of their portfolio Austin, TX 20,42320.4k $475.2k $475.2k 0.07% Reduced -13.4k -13,360
77 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 20,00020.0k $465.4k $465.4k 0.00% New
78 F&V Capital Management, LLC 0.14% of their portfolio BOCA RATON, FL 19,85019.9k $462.0k $462.0k 0.14% Unchanged
79 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.00% of their portfolio Cincinnati, OH 19,41819.4k $451.9k $451.9k 0.00% Reduced -4.2k -4,219
80 STEEL GROVE CAPITAL ADVISORS, LLC 0.06% of their portfolio MEMPHIS, TN 19,21319.2k $447.1k $447.1k 0.06% Reduced -1.5k -1,542
81 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 16,58116.6k $385.8k $385.8k 0.00% Reduced -275 -275
82 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 15,70615.7k $365.5k $365.5k 0.00% Reduced -20.5k -20,521
83 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 15,68415.7k $365.0k $365.0k 0.00% Reduced -11.0k -10,957
84 Donoghue Forlines LLC 0.10% of their portfolio Boston, MA 15,67115.7k $364.7k $364.7k 0.10% Added +310 +310
85 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.02% of their portfolio RICHMOND, VA 15,29015.3k $355.8k $355.8k 0.02% New
86 CSS LLC/IL 0.03% of their portfolio CHICAGO, IL 14,84814.8k $345.5k $345.5k 0.03% New
87 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 14,11414.1k $328.4k $328.4k 0.00% Reduced -93.4k -93,373
88 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,44513.4k $312.9k $312.9k 0.00% Reduced -40.1k -40,081
89 Sheaff Brock Investment Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 12,70512.7k $295.6k $295.6k 0.02% Unchanged
90 Crumly & Associates Inc. 0.08% of their portfolio SPRINGFIELD, IL 12,38512.4k $288.2k $288.2k 0.08% Reduced -76 -76
91 1900 WEALTH MANAGEMENT LLC 0.03% of their portfolio SAN ANTONIO, TX 12,26412.3k $285.4k $285.4k 0.03% New
92 BASSO CAPITAL MANAGEMENT, L.P. 0.27% of their portfolio STAMFORD, CT 12,20012.2k $283.9k $283.9k 0.27% Unchanged
93 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 12,02712.0k $279.9k $279.9k 0.01% Unchanged
94 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,91611.9k $277.0k $277.0k 0.00% Added +1.4k +1,391
95 Whitener Capital Management, Inc. 0.09% of their portfolio Rocky Mount, NC 11,90011.9k $276.9k $276.9k 0.09% Unchanged
96 Inscription Capital, LLC 0.05% of their portfolio HOUSTON, TX 11,81011.8k $274.8k $274.8k 0.05% New
97 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 11,73411.7k $273.1k $273.1k 0.00% Reduced -385 -385
98 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 11,46611.5k $267.0k $267.0k 0.00% Reduced -204 -204
99 OXFORD ASSET MANAGEMENT LLP 0.29% of their portfolio OXFORD, X0 11,43511.4k $266.1k $266.1k 0.29% Not comparable
100 Liberty Capital Management, Inc. 0.06% of their portfolio BIRMINGHAM, MI 10,96211.0k $255.1k $255.1k 0.06% Unchanged