Williams Companies

WMB • NYSE

Williams Companies is a oil & gas midstream company in the energy sector on NYSE, led by Alan S. Armstrong, with a market cap of $77.7B. As of Q3 2025, 85% of shares are held by 1,570 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.9%.

President and Chief Executive OfficerAlan S. Armstrong

Market Cap$77.7B

Oil & Gas Midstream

Energy

Employees5.6K

Websitewilliams.com

Country

United States of America

Overview

Overview of institutional ownership in WMB as of Q3 2025 with a market cap of $77.4B

All Institutions

Institutions: 1,570
Value Held: $66.0B
Shares Held: 1.04B
Avg Position: $42.1M
Median Position: $950.7K

Hedge Funds

Hedge Funds: 95
Value Held: $1.5B
Shares Held: 23.6M
Avg Position: $15.7M
Median Position: $2.5M

Ownership Breakdown

Institutional (non-HF)

83.45%

$64.6B

Hedge Funds

1.93%

$1.5B

Retail & Other

14.62%

$11.3B

Based on market cap of $77.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in WMB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.4B 0.13% of portfolio	10.90% 133.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$6.9B 0.12% of portfolio	8.90% 108.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$4.2B 0.15% of portfolio	5.46% 66.7M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$3.1B 0.54% of portfolio	3.98% 48.6M shares	Q3 2018 Held for 7y 2m	$571.21B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$2.8B 0.21% of portfolio	3.60% 43.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.9B 0.12% of portfolio	2.48% 30.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.8B 0.12% of portfolio	2.39% 29.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.5B 0.10% of portfolio	1.96% 23.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	Kevin G. Burke CEO	$1.3B 0.42% of portfolio	1.62% 19.8M shares	Q1 2014 Held for 11y 8m	$298.06B
Blackstone Group L.P. Institution	Jonathan D. Gray President	$1.2B 5.35% of portfolio	1.61% 19.6M shares	Q2 2020 Held for 5y 5m	$23.2B

Net Capital Flow

Institutional buying and selling activity for WMB in Q3 2025

Net Flow: −$576.3M
Buyers: 658
Sellers: 681
Total Bought: +$3.1B
Total Sold: −$3.6B
Avg Position: $41.7M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$422.5M +6.7M shares	$3.1B 48.6M shares
Clearbridge Investments, LLC Long Only Manager	+$317.8M +5.0M shares	$1.1B 17.6M shares
B BlackRock, Inc. Institution	+$190.7M +3.0M shares	$6.9B 108.7M shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$134.1M +2.1M shares	$574.9M 9.1M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$110.1M +1.7M shares	$124.4M 2.0M shares
Pictet Asset Management Holding SA Long Only Manager	+$108.6M +1.7M shares	$237.4M 3.7M shares
AMERIPRISE FINANCIAL INC Institution	+$105.7M +1.7M shares	$491.2M 7.8M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$98.3M +1.6M shares	$191.6M 3.0M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$87.7M +1.4M shares	$1.3B 19.8M shares
JPMORGAN CHASE & CO Institution	+$86.1M +1.4M shares	$1.5B 23.9M shares

Biggest Sellers

Institution	Net Sold	Current Position
B BROOKFIELD ASSET MANAGEMENT INC. RIA/Wealth	−$385.1M −6.1M shares	$376.9M 5.9M shares
Castle Hook Partners LP Hedge Fund•Global Macro	−$327.7M −5.2M shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$194.4M −3.1M shares	$518.9M 8.2M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$143.1M −2.3M shares	$34.2M 539.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$127.9M −2.0M shares	$131.0M 2.1M shares
G GREAT WEST LIFE ASSURANCE CO /CAN/ Institution	−$117.9M −1.9M shares	$109.8M 1.7M shares
Q Qube Research & Technologies Ltd Institution	−$104.3M −1.6M shares	$55.3M 872.3K shares
GOLDMAN SACHS GROUP INC Institution	−$81.7M −1.3M shares	$521.0M 8.2M shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$81.2M −1.3M shares	$9.8M 155.1K shares
STATE STREET CORP Institution	−$78.0M −1.2M shares	$4.2B 66.7M shares

Entry and Exit Activity

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

New Positions: 60
New Value: $132.0M
Exited Positions: 113
Exited Value: $684.1M

New Positions

Institution	Position Value
Encompass Capital Advisors LLC Hedge Fund•Long/Short	$82.2M 1.3M shares
L Longbow Finance SA Institution	$11.1M 174.6K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$7.8M 122.5K shares
Nishkama Capital, LLC Hedge Fund•Sector	$6.1M 95.8K shares
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	$4.8M 75.0K shares
T Torrey Growth & Income Advisors RIA/Wealth	$3.0M 47.4K shares
M Mosaic Advisors LLC Family Office	$2.2M 35.0K shares
F First American Bank Institution	$2.0M 31.8K shares
T TEMA ETFS LLC Institution	$1.3M 20.9K shares
D DYMON ASIA CAPITAL PTE. LTD. Institution	$1.1M 17.5K shares

Exited Positions

Institution	Previous Position
Castle Hook Partners LP Hedge Fund•Global Macro	$327.7M 5.2M shares
LEUCADIA NATIONAL CORP Institution	$36.9M 588.2K shares
M Mercuria Capital Strategies, LLC Institution	$31.4M 500.0K shares
Clean Energy Transition LLP Hedge Fund•Long/Short	$27.7M 441.3K shares
Cinctive Capital Management LP Hedge Fund•Multi-Strategy	$22.3M 355.1K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$22.3M 354.6K shares
S STEADFAST CAPITAL MANAGEMENT LP Hedge Fund•Long/Short	$20.8M 331.0K shares
Epoch Investment Partners, Inc. Long Only Manager	$18.2M 290.1K shares
A AXA Institution	$15.8M 252.1K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$15.7M 250.4K shares

Options Activity

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

Call Positions: 39
Call Value: $394.4M
Put Positions: 30
Put Value: $185.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$111.0M 17.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$45.3M 7.1K contracts
J JANE STREET GROUP, LLC Institution	$30.8M 4.9K contracts
Nishkama Capital, LLC Hedge Fund•Sector	$27.2M 4.3K contracts
BARCLAYS PLC Institution	$26.0M 4.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$21.4M 3.4K contracts
UBS Group AG Institution	$17.6M 2.8K contracts
W WOLVERINE TRADING, LLC Institution	$17.5M 2.7K contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$15.7M 247.0 contracts
P PEAK6 LLC Institution	$11.9M 1.9K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$44.6M 7.0K contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$29.1M 247.0 contracts
UBS Group AG Institution	$16.0M 2.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.2M 2.4K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$11.5M 1.8K contracts
J JANE STREET GROUP, LLC Institution	$9.1M 1.4K contracts
W WOLVERINE TRADING, LLC Institution	$8.7M 1.4K contracts
Ripple Effect Asset Management LP Hedge Fund•Long/Short	$7.9M 1.3K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$4.9M 775.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$4.1M 651.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
W WALNUT PRIVATE EQUITY PARTNERS, LLC RIA/Wealth	Steven William Seline CEO	18.56% $30.5M	0.04% 481.9K shares	Q4 2013 Held for 11y 11m	$164.4M
KAYNE ANDERSON CAPITAL ADVISORS LP Private Equity	Albert Rabil CEO	10.72% $482.9M	0.62% 7.6M shares	≤ Q2 2013 Held for 12y 5m+	$4.5B
R R.M.SINCERBEAUX CAPITAL MANAGEMENT LLC Institution	-	9.81% $18.2M	0.02% 287.9K shares	Q4 2013 Held for 11y 11m	$186.0M
H Heronetta Management, L.P. Hedge Fund•Sector	Henry Reynolds Breck Managing Partner	9.36% $17.5M	0.02% 276.3K shares	Q3 2018 Held for 7y 2m	$187.0M
Amplify Investments, LLC ETF Provider	William Belden President	9.23% $355.6K	0.00% 5.6K shares	Q2 2025 Held for 5 months	$3.9M
TORTOISE CAPITAL ADVISORS, L.L.C. Real Assets	Thomas Ibberson Florence CEO	8.98% $696.1M	0.90% 11.0M shares	≤ Q2 2013 Held for 12y 5m+	$7.8B
SL ADVISORS, LLC Long Only Manager	Simon Anthony Lack Managing Partner	8.68% $4.4M	0.01% 69.6K shares	Q2 2016 Held for 9y 5m	$50.8M
Robertson Opportunity Capital, LLC Hedge Fund•Long/Short	James Brett Robertson President	8.36% $27.4M	0.04% 433.3K shares	Q2 2016 Held for 9y 5m	$328.2M
CHICKASAW CAPITAL MANAGEMENT LLC Long Only Manager	Matthew Gregory Mead Managing Partner	8.26% $200.3M	0.26% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.4B
R RR Advisors, LLC Hedge Fund•Sector	Robert Joseph Raymond CEO	7.86% $33.4M	0.04% 527.0K shares	Q1 2024 Held for 1y 8m	$424.7M

Hedge Fund Spotlight

Discover hedge funds investing in WMB

Core Wealth Partners LLC

Hedge Fund • Long/Short

Portfolio ManagerMichael John Hall

Portfolio Value: $217.4M
Positions: 177
Last Reported: Q3 2025

Sector Allocation

Position in Williams Companies

Market Value: $209.2K
Shares Held: 3.3K
Portfolio Weight: 0.10%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Apple AAPL	Consumer Electronics Technology	$16.5M	7.57%
2 Rockwell Automation ROK	Industrial - Machinery Industrials	$14.6M	6.70%
3 Microsoft MSFT	Software - Infrastructure Technology	$8.0M	3.70%