WESTERN MIDSTREAM PARTNERS L WES
COM UNIT LP INT · MLP · CUSIP 958669103
- SectorUtilities
- IndustryNatural Gas Transmission
- HeadquartersThe Woodlands, TX
- 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.92. Options: 9 managers hold calls ($57.5m notional), 9 hold puts ($27.3m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 191 |
| Q4 2022 | 199 |
| Q1 2023 | 191 |
| Q2 2023 | 184 |
| Q3 2023 | 190 |
| Q4 2023 | 195 |
| Q1 2024 | 215 |
| Q2 2024 | 253 |
| Q3 2024 | 272 |
| Q4 2024 | 273 |
| Q1 2025 | 280 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 63 | 77 |
| Q3 2023 | 80 | 69 |
| Q4 2023 | 84 | 67 |
| Q1 2024 | 95 | 82 |
| Q2 2024 | 131 | 89 |
| Q3 2024 | 146 | 76 |
| Q4 2024 | 117 | 90 |
| Q1 2025 | 134 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $46.1m | $16.9m | 0.37 |
| Q3 2024 | $29.3m | $24.5m | 0.84 |
| Q4 2024 | $35.7m | $18.2m | 0.51 |
| Q1 2025 | $57.5m | $27.3m | 0.47 |
Biggest buyers
| ALPS ADVISORS INC | Added | +2.4m |
| Invesco Ltd. | Added | +1.6m |
| JPMORGAN CHASE & CO | Added | +727.0k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC | Added | +468.3k |
| NORTHERN TRUST CORP | Added | +354.3k |
| Waverly Advisors, LLC | New | +312.2k |
| BANK OF AMERICA CORP /DE/ | Added | +305.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +155.7k |
| GOLDMAN SACHS GROUP INC | Added | +149.8k |
| Catalyst Capital Advisors LLC | Added | +108.0k |
Biggest sellers
| Blackstone Inc. | Reduced | -4.9m |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC | Sold out | -1.4m |
| Brookfield Corp /ON/ | Reduced | -1.1m |
| WESTWOOD HOLDINGS GROUP INC | Reduced | -898.1k |
| MORGAN STANLEY | Reduced | -827.9k |
| ING GROEP NV | Reduced | -364.2k |
| BARCLAYS PLC | Reduced | -349.4k |
| CITADEL ADVISORS LLC | Reduced | -313.4k |
| NOMURA HOLDINGS INC | Sold out | -300.0k |
| UBS Group AG | Reduced | -227.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $25.0m611.0k shares |
| GROUP ONE TRADING LLC | Added | $8.9m217.2k shares |
| JANE STREET GROUP, LLC | Added | $7.1m172.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.5m109.3k shares |
| IMC-Chicago, LLC | Added | $3.6m87.8k shares |
| PEAK6 LLC | Added | $3.4m81.8k shares |
| WOLVERINE TRADING, LLC | Added | $2.7m64.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m58.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.9m168.3k shares |
| PEAK6 LLC | Added | $5.2m127.2k shares |
| CITADEL ADVISORS LLC | Reduced | $4.7m113.8k shares |
| JANE STREET GROUP, LLC | Added | $3.4m83.1k shares |
| WOLVERINE TRADING, LLC | Added | $2.5m60.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.7m40.8k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m36.0k shares |
| IMC-Chicago, LLC | Added | $1.5m35.5k 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.
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 |
|---|---|
| OCCIDENTAL PETROLEUM CORP /DE/ 13D · may seek influence -2.3 pts · filed 2026-02-05 | 38.3% |
| ALPS ADVISORS INC 13G · institution +0.2 pts · filed 2026-10-07 | 9.0% |
Insider purchases and sales in Q1 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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 5 | $840.2k | 0 | — | — |
| Q2 2024 | 1 | $50.4k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 8.03% of their portfolio | 33.8m $1.4bn | Added +2.4m |
| Invesco Ltd. 0.19% of their portfolio | 24.4m $1.0bn | Added +1.6m |
| Blackstone Inc. 1.87% of their portfolio | 10.4m $426.4m | Reduced -4.9m |
| GOLDMAN SACHS GROUP INC 0.07% of their portfolio | 8.7m $354.7m | Added +149.8k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.93% of their portfolio | 7.9m $324.8m | Reduced -133.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.65% of their portfolio | 7.4m $304.3m | Added +155.7k |
| CHICKASAW CAPITAL MANAGEMENT LLC 10.61% of their portfolio | 6.7m $275.3m | Reduced -33.4k |
| NEUBERGER BERMAN GROUP LLC 0.23% of their portfolio | 6.7m $272.7m | Reduced -173.4k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 4.14% of their portfolio | 4.6m $187.4m | Reduced -15.1k |
| UBS Group AG 0.03% of their portfolio | 3.3m $133.7m | Reduced -227.8k |
| MORGAN STANLEY 0.01% of their portfolio | 2.9m $116.8m | Reduced -827.9k |
| EAGLE GLOBAL ADVISORS LLC 4.00% of their portfolio | 2.4m $97.2m | Reduced -61.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.4m $96.5m | Added +727.0k |
| Clearbridge Investments, LLC 0.08% of their portfolio | 2.3m $95.2m | Unchanged |
| Brookfield Corp /ON/ 0.08% of their portfolio | 2.3m $93.3m | Reduced -1.1m |
| WESTWOOD HOLDINGS GROUP INC 0.58% of their portfolio | 1.9m $76.6m | Reduced -898.1k |
| Fractal Investments LLC 8.35% of their portfolio | 1.5m $60.1m | Unchanged |
| MILLER HOWARD INVESTMENTS INC /NY 1.86% of their portfolio | 1.4m $58.5m | Reduced -140.0k |
| Recurrent Investment Advisors LLC 4.71% of their portfolio | 1.4m $55.6m | Reduced -40.1k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.37% of their portfolio | 1.3m $54.6m | Added +53.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.3m $53.4m | Added +305.9k |
| BARCLAYS PLC 0.02% of their portfolio | 1.1m $43.2m | Reduced -349.4k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 9.85% of their portfolio | 985.7k $40.4m | Added +468.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 977.4k $40.0m | First filing |
| CIBC Private Wealth Group LLC 0.06% of their portfolio | 846.5k $29.6m | Reduced -177.6k |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 780.9k $32.0m | Reduced -4.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 768.5k $31.5m | Added +53.5k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 592.1k $24.3m | Reduced -26.4k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 588.0k $24.1m | Reduced -89.2k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 509.7k $20.9m | Added +13.3k |
| RR Advisors, LLC 4.56% of their portfolio | 466.0k $19.1m | Reduced -11.0k |
| Catalyst Capital Advisors LLC 0.39% of their portfolio | 461.4k $18.9m | Added +108.0k |
| Texas Yale Capital Corp. 0.74% of their portfolio | 438.0k $17.9m | Added +52.9k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.20% of their portfolio | 425.4k $17.4m | Reduced -185.7k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 377.4k $15.5m | Added +7.9k |
| Terril Brothers, Inc. 5.58% of their portfolio | 367.3k $15.0m | Reduced -7.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 367.3k $15.0m | Added +354.3k |
| Adams Asset Advisors, LLC 1.82% of their portfolio | 323.8k $13.3m | Unchanged |
| NBW CAPITAL LLC 2.84% of their portfolio | 312.2k $12.8m | Added +10.3k |
| Waverly Advisors, LLC 0.16% of their portfolio | 312.2k $12.8m | New |
| Knollwood Investment Advisory, LLC 1.36% of their portfolio | 301.0k $12.3m | Unchanged |
| Sovereign Investment Advisors, LLC 3.40% of their portfolio | 274.5k $9.8m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 258.8k $10.6m | Added +31.7k |
| Heronetta Management, L.P. 5.10% of their portfolio | 227.8k $9.3m | Reduced -900 |
| EXCHANGE TRADED CONCEPTS, LLC 0.16% of their portfolio | 213.6k $8.7m | Reduced -1.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 211.4k $8.7m | Reduced -914 |
| MGO ONE SEVEN LLC 0.30% of their portfolio | 186.9k $7.7m | Added +50.2k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.24% of their portfolio | 176.7k $7.2m | Reduced -16.9k |
| Maryland State Retirement & Pension System 0.16% of their portfolio | 164.6k $6.7m | Added +4.5k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.34% of their portfolio | 161.7k $6.6m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 159.8k $6.5m | Added +85.3k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 156.6k $6.4m | Unchanged |
| ING GROEP NV 0.04% of their portfolio | 156.0k $6.4m | Reduced -364.2k |
| Americana Partners, LLC 0.23% of their portfolio | 147.5k $6.0m | Reduced -2.1k |
| TECTONIC ADVISORS LLC 0.36% of their portfolio | 139.2k $5.7m | Added +2.9k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.54% of their portfolio | 139.1k $5.7m | Unchanged |
| Advisors Asset Management, Inc. 0.10% of their portfolio | 134.1k $5.5m | Added +29.2k |
| HENNESSY ADVISORS INC 0.16% of their portfolio | 119.8k $4.9m | Added +2.1k |
| CITIGROUP INC 0.00% of their portfolio | 118.8k $4.9m | Reduced -46.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 117.8k $4.8m | Reduced -313.4k |
| Lavaca Capital LLC 2.01% of their portfolio | 108.0k $4.4m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 103.5k $4.2m | Added +5.5k |
| HRT FINANCIAL LP 0.03% of their portfolio | 101.7k $4.2m | New |
| Mariner, LLC 0.01% of their portfolio | 97.9k $4.0m | Reduced -636 |
| Summit Financial, LLC 0.11% of their portfolio | 94.0k $3.9m | Added +47 |
| U.S. Capital Wealth Advisors, LLC 0.11% of their portfolio | 88.5k $3.6m | Added +15.3k |
| CASTLEARK MANAGEMENT LLC 0.12% of their portfolio | 85.3k $3.5m | Reduced -58.2k |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 85.0k $3.5m | Added +65.8k |
| GLENMEDE TRUST CO NA 0.02% of their portfolio | 83.7k $3.4m | Reduced -575 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 76.4k $3.1m | Reduced -66.5k |
| FMR LLC 0.00% of their portfolio | 72.2k $3.0m | Reduced -9.2k |
| Pekin Hardy Strauss, Inc. 0.35% of their portfolio | 70.3k $2.9m | Reduced -1.2k |
| BlackRock, Inc. 0.00% of their portfolio | 66.5k $2.7m | Added +1.0k |
| DIVIDEND ASSETS CAPITAL, LLC 0.50% of their portfolio | 64.6k $2.6m | Reduced -1.1k |
| Parkside Financial Bank & Trust 0.33% of their portfolio | 64.1k $2.6m | Added +25.0k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 60.2k $2.5m | Added +19.3k |
| Pacer Advisors, Inc. 0.01% of their portfolio | 59.7k $2.4m | Added +8.0k |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 58.1k $2.4m | Added +9.8k |
| Cetera Investment Advisers 0.00% of their portfolio | 57.6k $2.4m | Added +8.8k |
| ELCO Management Co., LLC 1.28% of their portfolio | 56.4k $2.3m | Reduced -7 |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 53.3k $2.2m | Added +18 |
| NorthCoast Asset Management LLC 0.01% of their portfolio | 53.1k $2.2m | Reduced -16.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 52.5k $2.1m | Added +10.2k |
| CHILTON CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 49.3k $2.0m | Reduced -1.3k |
| COMERICA BANK 0.01% of their portfolio | 49.0k $2.0m | Reduced -1.7k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 47.7k $2.0m | Added +1.8k |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 1.10% of their portfolio | 46.7k $1.9m | Reduced -1.8k |
| DAYMARK WEALTH PARTNERS, LLC 0.08% of their portfolio | 45.5k $1.9m | Added +3.6k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 45.1k $1.8m | Added +2.5k |
| CFM WEALTH PARTNERS LLC 0.32% of their portfolio | 44.9k $1.8m | Added +9.9k |
| HUB Investment Partners, LLC 0.07% of their portfolio | 44.0k $1.8m | Added +10.2k |
| STEPHENS INC /AR/ 0.03% of their portfolio | 41.7k $1.7m | Added +2.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 41.3k $1.7m | Added +11.3k |
| BASSO CAPITAL MANAGEMENT, L.P. 1.43% of their portfolio | 41.1k $1.7m | Unchanged |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio | 39.8k $1.6m | Added +4.6k |
| PFG Investments, LLC 0.10% of their portfolio | 39.4k $1.6m | Added +5.9k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio | 39.3k $1.6m | Reduced -19.4k |
| KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio | 36.8k $1.5m | Reduced -2.1k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 34.5k $1.4m | Added +415 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 34.4k $1.4m | Added +7.6k |