Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Ngl Energy Partners LP (NGL)

89 + Investors. Track Smart Money conviction in NGL. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -11
Streak
1Q ▼
Buyers last Q
38%

Smart Money Signals — NGL

Based on 90 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NGL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
90 funds currently hold this stock — 89% of the 3.0-year high of 101 funds (reached 2026 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NGL is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🔴

Heavy selling pressure — only 38% buying

29 buying47 selling
Last quarter: 47 funds sold vs only 29 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-13 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 8 → 15 → 19 → 6. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

73% of holders stayed for 2+ years

■ 73% conviction (2yr+) ■ 20% medium ■ 7% new
66 out of 90 hedge funds have held NGL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +39% but shares only +7% — price-driven

Value
+39%
Shares
+7%
Last quarter: the total dollar value of institutional holdings rose +39%, but actual share count only changed +7%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~6 new funds/quarter

8 → 8 → 15 → 19 → 6 new funds/Q
New funds entering each quarter: 8 → 15 → 19 → 6. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 78% veterans vs 9% newcomers

■ 78% veterans ■ 13% 1-2yr ■ 9% new
Entry-cohort mix of 95 holders: 74 (78%) are 2+ year veterans, 12 entered 1–2 years ago, and 9 (9%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 73% AUM from top-100 funds

73% from top-100 AUM funds
19 of 89 holders are among the 100 largest funds by AUM, controlling 73% of total institutional value in NGL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NGL

In 2026 Q2, 29 hedge funds were net buyers of NGL (6 opened a new position, 23 added to an existing one), while 47 reduced or exited (30 trimmed, 17 sold completely) — a 38% buyer ratio, indicating net institutional distribution. 73% of total institutional value in NGL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -11 funds (more exits than new entries). Total institutional holders: 90.

Hedge Fund Ownership: NGL

How many hedge funds hold NGL — quarterly history vs. share price
Quarterly hedge fund ownership of NGL vs. share price

Market Analysis: NGL

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NGL

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 1 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: NGL
89 + Investors

Track Smart Money conviction in NGL. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 89 101 -11.88%
13F Shares 76M 71M 7.35%
Total Value $1.21B $871M 39.33%
New Positions 6 19 -13
Increased Positions 21 25 -4
Closed Positions 17 13 +4
Reduced Positions 29 16 +13
Total Calls 3 5 -40.0%
Total Puts 3 1 200.0%
PUT/CALL Ratio 1.0 0.2 Neutral

Statistics: NGL

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Institutional Holders (2026 Q2)

89 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NGL. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NGL holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Tpg GP A, LLC 1.84% 5,784,322 $92.1M
2 Fractal Investments LLC 1.53% 832,479 $13.3M
3 Prescott Group Capital Management, L.L.C. 1.42% 1,030,638 $16.4M
4 ELCO Management Co., LLC 1.31% 190,391 $3.0M
5 Carter Financial Group, INC. 0.55% 66,889 $1.1M
6 ING Groep NV 0.42% 5,421,803 $86.4M
7 Sittner & Nelson, LLC 0.09% 18,750 $299K
8 Quartz Partners, LLC 0.08% 15,609 $249K
9 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.08% 110,000 $1.8M
10 FLC Capital Advisors 0.06% 22,800 $363K
11 Kwmg, LLC 0.06% 49,063 $782K
12 Cowa, LLC 0.06% 14,000 $223K
13 AlphaCore Capital LLC 0.05% 178,800 $2.8M
14 Nomura Holdings Inc 0.05% 2,500,760 $39.8M
15 Canvas Wealth Advisors, LLC 0.04% 20,000 $319K
16 State of Wyoming 0.04% 25,611 $408K
17 Frazier Financial Advisors, LLC 0.04% 5,000 $80K
18 Stephens Inc /Ar/ 0.03% 190,000 $3.0M
19 Susquehanna Portfolio Strategies, LLC 0.03% 108,847 $1.7M
20 LexAurum Advisors, LLC 0.03% 14,595 $232K
21 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% 1,400,528 $22.3M
22 Citigroup Inc 0.02% 4,304,817 $68.6M
23 Alps Advisors Inc 0.02% 247,797 $3.9M
24 Inscription Capital, LLC 0.01% 10,000 $159K
25 Whittier Trust Co 0.01% 94,500 $1.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Ngl Energy Partners LP (NGL)

What does the Smart Money Trend signal show for NGL?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NGL positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NGL?

Heavy selling pressure — only 38% buying: Last quarter: 47 funds sold vs only 29 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for NGL holders?

Elite ownership — 73% AUM from top-100 funds: 19 of 89 holders are among the 100 largest funds by AUM, controlling 73% of total institutional value in NGL. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NGL?

73% of holders stayed for 2+ years: 66 out of 90 hedge funds have held NGL for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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