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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $39.28. Options: 10 managers hold calls ($79.9m notional), 11 hold puts ($54.7m).
Trends to Q3 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 |
| Q2 2025 | 281 |
| Q3 2025 | 287 |
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 2023 | 84 | 67 |
| Q1 2024 | 95 | 82 |
| Q2 2024 | 131 | 89 |
| Q3 2024 | 146 | 76 |
| Q4 2024 | 117 | 90 |
| Q1 2025 | 134 | 105 |
| Q2 2025 | 143 | 97 |
| Q3 2025 | 143 | 88 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $35.7m | $18.2m | 0.51 |
| Q1 2025 | $57.5m | $27.3m | 0.47 |
| Q2 2025 | $64.3m | $33.2m | 0.52 |
| Q3 2025 | $79.9m | $54.7m | 0.68 |
Biggest buyers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | New | +7.6m |
| JPMORGAN CHASE & CO | Added | +1.0m |
| BERKLEY W R CORP | New | +887.2k |
| MORGAN STANLEY | Added | +565.6k |
| BANK OF AMERICA CORP /DE/ | Added | +445.7k |
| GOLDMAN SACHS GROUP INC | Added | +357.6k |
| HRT FINANCIAL LP | Added | +272.2k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +236.8k |
| Sanctuary Advisors, LLC | Added | +225.8k |
| Militia Capital Partners, LP | Added | +190.0k |
Biggest sellers
| CHICKASAW CAPITAL MANAGEMENT LLC | Reduced | -934.9k |
| Brookfield Corp /ON/ | Reduced | -810.0k |
| EAGLE GLOBAL ADVISORS LLC | Reduced | -528.7k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC | Reduced | -491.2k |
| UBS Group AG | Reduced | -356.7k |
| JENNISON ASSOCIATES LLC | Reduced | -190.0k |
| NEXPOINT ASSET MANAGEMENT, L.P. | Sold out | -139.1k |
| ROYAL BANK OF CANADA | Reduced | -128.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -127.1k |
| Blackstone Inc. | Reduced | -121.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.0m585.3k shares |
| CITADEL ADVISORS LLC | Reduced | $21.1m536.7k shares |
| PEAK6 LLC | Added | $14.6m370.8k shares |
| GROUP ONE TRADING LLC | Reduced | $6.8m173.4k shares |
| JANE STREET GROUP, LLC | Reduced | $6.6m167.3k shares |
| WOLVERINE TRADING, LLC | Added | $3.5m91.0k shares |
| IMC-Chicago, LLC | Added | $3.0m75.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $699.0k17.8k shares |
| EQUITEC PROPRIETARY MARKETS, LLC | New | $444.0k11.3k shares |
| CenterStar Asset Management, LLC | New | $302.5k7.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.9m355.0k shares |
| PEAK6 LLC | Added | $13.0m331.8k shares |
| CITADEL ADVISORS LLC | Added | $8.6m218.2k shares |
| JANE STREET GROUP, LLC | Added | $7.8m197.7k shares |
| WOLVERINE TRADING, LLC | Added | $3.9m102.7k shares |
| IMC-Chicago, LLC | Added | $2.5m63.0k shares |
| GROUP ONE TRADING LLC | Added | $2.3m58.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.1m28.3k shares |
| CSS LLC/IL | New | $829.0k21.1k shares |
| EQUITEC PROPRIETARY MARKETS, LLC | New | $381.1k9.7k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 7.61% of their portfolio | 34.8m $1.4bn | Added +98.8k |
| Invesco Ltd. 0.15% of their portfolio | 24.3m $954.4m | Added +81.2k |
| Blackstone Inc. 1.52% of their portfolio | 9.0m $355.5m | Reduced -121.7k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 8.6m $338.9m | Added +357.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.48% of their portfolio | 7.6m $300.3m | New |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.74% of their portfolio | 7.4m $289.8m | Reduced -41.6k |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 6.5m $256.8m | Reduced -32.6k |
| CHICKASAW CAPITAL MANAGEMENT LLC 9.41% of their portfolio | 5.9m $230.2m | Reduced -934.9k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 2.96% of their portfolio | 3.4m $134.3m | Reduced -10.3k |
| UBS Group AG 0.03% of their portfolio | 3.3m $131.1m | Reduced -356.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.9m $114.2m | Added +1.0m |
| MORGAN STANLEY 0.01% of their portfolio | 2.8m $108.0m | Added +565.6k |
| Clearbridge Investments, LLC 0.07% of their portfolio | 2.2m $87.7m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.9m $73.6m | Added +445.7k |
| WESTWOOD HOLDINGS GROUP INC 0.52% of their portfolio | 1.8m $72.6m | Added +39.9k |
| MILLER HOWARD INVESTMENTS INC /NY 1.77% of their portfolio | 1.5m $58.2m | Added +11.2k |
| Fractal Investments LLC 8.32% of their portfolio | 1.5m $57.7m | Unchanged |
| EAGLE GLOBAL ADVISORS LLC 2.10% of their portfolio | 1.4m $54.9m | Reduced -528.7k |
| Recurrent Investment Advisors LLC 4.09% of their portfolio | 1.4m $53.3m | Reduced -683 |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 2.83% of their portfolio | 1.3m $49.9m | Added +67.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.1m $41.5m | Added +236.8k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 4.85% of their portfolio | 1.0m $39.2m | Reduced -491.2k |
| BARCLAYS PLC 0.01% of their portfolio | 1.0m $40.4m | Added +92.7k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 9.18% of their portfolio | 985.7k $38.7m | Unchanged |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 971.2k $38.2m | Added +875 |
| BERKLEY W R CORP 2.25% of their portfolio | 887.2k $34.9m | New |
| CIBC Private Wealth Group LLC 0.05% of their portfolio | 809.1k $31.8m | Reduced -216 |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 752.4k $29.6m | Added +25.8k |
| Militia Capital Partners, LP 3.71% of their portfolio | 600.0k $23.6m | Added +190.0k |
| Texas Yale Capital Corp. 0.71% of their portfolio | 575.8k $22.6m | Added +36.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 567.1k $22.3m | Added +33.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 496.2k $19.5m | Reduced -13.9k |
| Catalyst Capital Advisors LLC 0.37% of their portfolio | 464.8k $18.3m | Reduced -7.6k |
| HRT FINANCIAL LP 0.08% of their portfolio | 459.8k $18.1m | Added +272.2k |
| RR Advisors, LLC 4.21% of their portfolio | 453.0k $17.8m | Unchanged |
| Terril Brothers, Inc. 4.77% of their portfolio | 400.9k $15.8m | Added +32.9k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 395.7k $15.5m | Reduced -190.0k |
| Adams Asset Advisors, LLC 1.66% of their portfolio | 327.1k $12.9m | Unchanged |
| Sanctuary Advisors, LLC 0.04% of their portfolio | 311.6k $12.3m | Added +225.8k |
| Waverly Advisors, LLC 0.12% of their portfolio | 306.7k $12.1m | Reduced -9.3k |
| Knollwood Investment Advisory, LLC 1.07% of their portfolio | 301.0k $11.8m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 288.0k $11.3m | Reduced -128.5k |
| Jump Financial, LLC 0.14% of their portfolio | 279.8k $11.0m | Added +168.4k |
| LPL Financial LLC 0.00% of their portfolio | 278.9k $11.0m | Added +1.7k |
| Sovereign Investment Advisors, LLC 2.94% of their portfolio | 274.5k $10.8m | Unchanged |
| Allianz Asset Management GmbH 0.01% of their portfolio | 270.9k $10.6m | Reduced -103.5k |
| Heronetta Management, L.P. 4.92% of their portfolio | 228.6k $9.0m | Unchanged |
| EXCHANGE TRADED CONCEPTS, LLC 0.08% of their portfolio | 214.8k $8.4m | Added +7.5k |
| STEPHENS INC /AR/ 0.10% of their portfolio | 200.3k $7.9m | Added +68.9k |
| Maryland State Retirement & Pension System 0.16% of their portfolio | 197.9k $7.8m | Added +22.7k |
| Empowered Funds, LLC 0.08% of their portfolio | 190.8k $7.5m | Added +68.1k |
| Advisors Asset Management, Inc. 0.12% of their portfolio | 186.9k $7.3m | Added +29.8k |
| BlackRock, Inc. 0.00% of their portfolio | 175.5k $6.9m | Reduced -1.0k |
| Empirical Finance, LLC 0.32% of their portfolio | 172.7k $6.8m | Added +50.0k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 166.2k $6.5m | Reduced -10.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 161.8k $6.4m | New |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 156.6k $6.2m | Unchanged |
| Americana Partners, LLC 0.17% of their portfolio | 147.6k $5.8m | Added +10.1k |
| TECTONIC ADVISORS LLC 0.31% of their portfolio | 146.5k $5.8m | Added +4.0k |
| Ellsworth Advisors, LLC 1.15% of their portfolio | 143.0k $5.4m | Added +8.4k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.00% of their portfolio | 127.2k $5.0m | Reduced -5.0k |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 123.2k $4.8m | Reduced -22.3k |
| HENNESSY ADVISORS INC 0.16% of their portfolio | 119.8k $4.7m | Unchanged |
| U.S. Capital Wealth Advisors, LLC 0.12% of their portfolio | 110.1k $4.3m | Added +11.0k |
| Cetera Investment Advisers 0.01% of their portfolio | 109.8k $4.3m | Added +20.4k |
| Lavaca Capital LLC 0.77% of their portfolio | 108.0k $4.2m | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 97.4k $3.8m | Reduced -4.0k |
| Brookfield Corp /ON/ 0.00% of their portfolio | 94.3k $3.7m | Reduced -810.0k |
| Summit Financial, LLC 0.06% of their portfolio | 94.1k $3.7m | Added +77 |
| Cresset Asset Management, LLC 0.02% of their portfolio | 92.4k $3.6m | Added +12.6k |
| Glenmede Investment Management, LP 0.02% of their portfolio | 85.5k $3.4m | Added +1.8k |
| Pathstone Holdings, LLC 0.01% of their portfolio | 82.8k $3.3m | Added +49.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 79.9k $3.1m | Added +4.6k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 78.1k $3.1m | Added +20.4k |
| PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.58% of their portfolio | 76.1k $3.0m | New |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 72.5k $2.8m | Added +4.4k |
| HighTower Advisors, LLC 0.00% of their portfolio | 68.9k $2.7m | Reduced -2.9k |
| Pekin Hardy Strauss, Inc. 0.26% of their portfolio | 66.2k $2.6m | Reduced -200 |
| FMR LLC 0.00% of their portfolio | 65.4k $2.6m | Added +890 |
| DIVIDEND ASSETS CAPITAL, LLC 0.43% of their portfolio | 62.0k $2.4m | Reduced -2.6k |
| Pacer Advisors, Inc. 0.01% of their portfolio | 56.8k $2.2m | Reduced -3.9k |
| Kestra Advisory Services, LLC 0.01% of their portfolio | 55.8k $2.2m | Added +3.2k |
| NewEdge Advisors, LLC 0.01% of their portfolio | 55.6k $2.2m | Reduced -576 |
| ELCO Management Co., LLC 1.12% of their portfolio | 54.6k $2.1m | Reduced -5.5k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.01% of their portfolio | 54.2k $2.1m | Added +25.1k |
| CITIGROUP INC 0.00% of their portfolio | 54.0k $2.1m | Reduced -28.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 53.0k $2.0m | Added +1.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 52.7k $2.1m | Added +31.3k |
| SUMMIT SECURITIES GROUP LLC 0.68% of their portfolio | 52.5k $2.1m | New |
| Parkside Financial Bank & Trust 0.16% of their portfolio | 52.2k $2.1m | Reduced -13.0k |
| CFM WEALTH PARTNERS LLC 0.28% of their portfolio | 49.9k $2.0m | Added +4.9k |
| CASTLEARK MANAGEMENT LLC 0.05% of their portfolio | 49.4k $1.9m | Reduced -20.8k |
| HUB Investment Partners, LLC 0.07% of their portfolio | 46.9k $1.8m | Added +1.9k |
| CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.77% of their portfolio | 46.7k $1.8m | Unchanged |
| DAYMARK WEALTH PARTNERS, LLC 0.06% of their portfolio | 46.2k $1.8m | Added +382 |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 45.7k $1.8m | Reduced -8.6k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 44.9k $1.8m | Reduced -379 |
| CHILTON CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 44.2k $1.7m | Reduced -2.4k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 43.6k $1.7m | Reduced -6.8k |
| PFG Investments, LLC 0.09% of their portfolio | 42.9k $1.7m | Added +2.6k |