NGL Energy Partners

NGL • NYSE

NGL Energy Partners is a oil & gas midstream company in the energy sector on NYSE, led by Brad Cooper, with a market cap of $1.2B. As of Q3 2025, 55% of shares are held by 85 institutional investors, with Invesco Ltd. as the largest holder at 15.3%.

Chief Executive OfficerBrad Cooper

Market Cap$1.2B

Oil & Gas Midstream

Energy

Employees607.0

Websitenglenergypartners.com

Country

United States of America

Overview

Overview of institutional ownership in NGL as of Q3 2025 with a market cap of $767.1M

All Institutions

Institutions: 85
Value Held: $422.5M
Shares Held: 70.4M
Avg Position: $5.0M
Median Position: $161.4K

Hedge Funds

Hedge Funds: 3
Value Held: $22.2M
Shares Held: 3.7M
Avg Position: $7.4M
Median Position: $5.9M

Ownership Breakdown

Institutional (non-HF)

52.19%

$400.3M

Hedge Funds

2.89%

$22.2M

Retail & Other

44.92%

$344.6M

Based on market cap of $767.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NGL as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$117.4M 0.02% of portfolio	15.30% 19.6M shares	Q3 2014 Held for 11y 2m	$633.08B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$73.2M 0.00% of portfolio	9.54% 12.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$70.4M 0.01% of portfolio	9.17% 11.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$41.2M 0.01% of portfolio	5.37% 6.9M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
I ING GROEP NV Institution	-	$29.6M 0.16% of portfolio	3.86% 4.9M shares	Q2 2023 Held for 2y 5m	$18.5B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$18.2M 0.00% of portfolio	2.38% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
CITIGROUP INC Institution	Jane Fraser CEO	$15.3M 0.01% of portfolio	2.00% 2.6M shares	Q3 2023 Held for 2y 2m	$144.32B
ANGELO GORDON & CO., L.P. Hedge Fund•Multi-Strategy	Jean-Baptiste Garcia President	$15.0M 6.91% of portfolio	1.96% 2.5M shares	Q2 2025 Held for 5 months	$217.4M
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Matthew Nicholas Dunham President	$5.9M 0.63% of portfolio	0.77% 990.6K shares	Q1 2021 Held for 4y 8m	$948.6M
Fractal Investments LLC Long Only Manager	Chun Cao Managing Partner	$5.0M 0.72% of portfolio	0.65% 832.5K shares	Q2 2023 Held for 2y 5m	$693.0M

Net Capital Flow

Institutional buying and selling activity for NGL in Q3 2025

Traded: +$56.5M
Buyers: 27
Sellers: 22
Total Bought: +$63.5M
Total Sold: −$6.9M
Avg Position: $4.5M

Biggest Buyers

Institution	Net Bought	Current Position
I ING GROEP NV Institution	+$20.6M +3.4M shares	$29.6M 4.9M shares
GOLDMAN SACHS GROUP INC Institution	+$11.4M +1.9M shares	$41.2M 6.9M shares
ANGELO GORDON & CO., L.P. Hedge Fund•Multi-Strategy	+$11.2M +1.9M shares	$15.0M 2.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$11.1M +1.8M shares	$70.4M 11.7M shares
MORGAN STANLEY RIA/Wealth	+$4.2M +703.2K shares	$73.2M 12.2M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$1.7M +282.7K shares	$1.8M 292.3K shares
Lee Financial CORP RIA/Wealth	+$678.0K +113.0K shares	$678.0K 113.0K shares
Susquehanna Portfolio Strategies, LLC Private Equity	+$662.5K +110.4K shares	$781.4K 130.2K shares
FMR LLC Institution	+$361.9K +60.3K shares	$361.9K 60.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$259.2K +43.2K shares	$259.2K 43.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
JPMORGAN CHASE & CO Institution	−$4.2M −694.3K shares	$18.2M 3.0M shares
UBS Group AG Institution	−$882.7K −147.1K shares	$1.2M 196.1K shares
N NATIXIS Institution	−$600.0K −100.0K shares	$3.1M 510.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$332.5K −77.9K shares	Sold Off 0 shares
VAN ECK ASSOCIATES CORP ETF Provider	−$160.0K −26.7K shares	$33.3K 5.5K shares
Cetera Investment Advisers RIA/Wealth	−$139.2K −23.2K shares	$1.5M 245.7K shares
S State of Wyoming Institution	−$137.5K −32.2K shares	Sold Off 0 shares
M Massar Capital Management, LP Institution	−$120.2K −28.1K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$96.1K −22.5K shares	Sold Off 0 shares
S SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/ Institution	−$90.1K −21.1K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NGL in Q3 2025

New Positions: 1
New Value: $129.0K
Exited Positions: 9
Exited Value: $826.1K

New Positions

Institution	Position Value
Massey, Quick & Co., LLC RIA/Wealth	$129.0K 21.5K shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$332.5K 77.9K shares
S State of Wyoming Institution	$137.5K 32.2K shares
M Massar Capital Management, LP Institution	$120.2K 28.1K shares
L LPL Financial LLC Institution	$96.1K 22.5K shares
S SECURITY NATIONAL BANK OF SIOUX CITY IOWA /IA/ Institution	$90.1K 21.1K shares
P PACIFIC CAPITAL WEALTH ADVISORS, INC RIA/Wealth	$45.6K 10.8K shares
Goss Wealth Management LLC RIA/Wealth	$3.5K 825.0 shares
TWIN PEAKS WEALTH ADVISORS, LLC RIA/Wealth	$486.0 100.0 shares
A AMERIFLEX GROUP, INC. Institution	$215.0 50.0 shares

Options Activity

Institutions with the largest Call and Put options positions in NGL as of Q3 2025

Call Positions: 6
Call Value: $4.0M
Put Positions: 3
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 3.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$860.4K 1.4K contracts
J JANE STREET GROUP, LLC Institution	$487.8K 813.0 contracts
P PEAK6 LLC Institution	$426.0K 710.0 contracts
W WOLVERINE TRADING, LLC Institution	$152.0K 252.0 contracts
Ripple Effect Asset Management LP Hedge Fund•Long/Short	- - contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	- - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Most Committed Institutions

Institutions with NGL as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ANGELO GORDON & CO., L.P. Hedge Fund•Multi-Strategy	Jean-Baptiste Garcia President	6.91% $15.0M	1.96% 2.5M shares	Q2 2025 Held for 5 months	$217.4M
Fractal Investments LLC Long Only Manager	Chun Cao Managing Partner	0.72% $5.0M	0.65% 832.5K shares	Q2 2023 Held for 2y 5m	$693.0M
P PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Matthew Nicholas Dunham President	0.63% $5.9M	0.77% 990.6K shares	Q1 2021 Held for 4y 8m	$948.6M
ELCO Management Co., LLC Hedge Fund•Long/Short	Paul Elliot Managing Partner	0.62% $1.2M	0.15% 197.1K shares	Q3 2016 Held for 9y 2m	$191.4M
Carter Financial Group, INC. RIA/Wealth	Kevin Kenneth Carter President	0.24% $389.3K	0.05% 64.9K shares	Q2 2025 Held for 5 months	$164.6M
I ING GROEP NV Institution	-	0.16% $29.6M	3.86% 4.9M shares	Q2 2023 Held for 2y 5m	$18.5B
CUSHING MLP ASSET MANAGEMENT, LP Long Only Manager	John Marshall Musgrave CEO	0.09% $1.7M	0.22% 275.0K shares	Q3 2024 Held for 1y 2m	$1.8B
Lee Financial CORP RIA/Wealth	Richard Rochester Lee CEO	0.09% $678.0K	0.09% 113.0K shares	Q3 2025 Held for 2 months	$792.8M
EVERPAR ADVISORS LLC RIA/Wealth	Craig Robert Silberg Managing Partner	0.05% $138.0K	0.02% 23.0K shares	Q4 2023 Held for 1y 11m	$252.9M
Windsor Advisory Group, LLC Family Office	Stephanie Gullifer Weir CCO	0.05% $60.0K	0.01% 10.0K shares	Q1 2025 Held for 8 months	$113.0M

Hedge Fund Spotlight

Discover hedge funds investing in NGL

ELCO Management Co., LLC

Hedge Fund • Long/Short

Portfolio ManagerPaul Elliot

Portfolio Value: $191.4M
Positions: 163
Last Reported: Q3 2025

Sector Allocation

Position in NGL Energy Partners

Market Value: $1.2M
Shares Held: 197.1K
Portfolio Weight: 0.62%
Owned Since: 2016-Q3

Top Holding	Sector	Market Value	Weight
1 Cheniere Energy LNG	Oil & Gas Midstream Energy	$12.1M	6.31%
2 Williams Companies WMB	Oil & Gas Midstream Energy	$11.5M	6.03%
3 Targa Resources TRGP	Oil & Gas Midstream Energy	$8.8M	4.62%