Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NGL ENERGY PARTNERS LP (NGL)

101 + 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
↑ +7
Streak
2Q ▲
Buyers last Q
59%

Smart Money Signals — NGL

Based on 101 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NGL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
101 hedge funds hold NGL right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +13% more funds vs a year ago

fund count last 6Q
+12 new funds entered over the past year (+13% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 59% buying

44 buying30 selling
Last quarter: 44 funds bought or added vs 30 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~19 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 8 → 15 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 23% medium ■ 13% new
65 out of 101 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.
💰

Price up while funds trimmed (+17% value, -4% shares)

Value
+16%
Shares
-4%
Last quarter: total value of institutional NGL holdings rose +17% even though funds reduced share count by 4%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

12 → 7 → 8 → 15 → 19 new funds/Q
New funds entering each quarter: 7 → 8 → 15 → 19. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Deep conviction — 75% of holders stayed 2+ years

■ 75% veterans ■ 8% 1-2yr ■ 17% new
Of 106 current holders: 79 (75%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 72% AUM from top-100 funds

72% from top-100 AUM funds
20 of 101 holders are among the 100 largest funds by AUM, controlling 72% 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.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — 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 Q1, 44 hedge funds were net buyers of NGL (19 opened a new position, 25 added to an existing one), while 30 reduced or exited (18 trimmed, 12 sold completely) — a 59% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 72% of total institutional value in NGL is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +7 funds (more new holders than closures). Total institutional holders: 101.

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.

Is It Too Late to Buy NGL ENERGY PARTNERS LP (NGL) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NGL has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 54d ago
NGL
+47.7%
XLE
-2.9%

NGL outperformed XLE by +50.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 9d ago
NGL
+1.5%
XLE
+0.1%

Since the filing became public, NGL outperformed XLE by +1.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: NGL
101 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 101 94 7.45%
13F Shares 71M 74M -4.38%
Total Value $871M $745M 16.92%
New Positions 19 15 +4
Increased Positions 25 26 -1
Closed Positions 12 8 +4
Reduced Positions 16 17 -1
Total Calls 5 6 -16.67%
Total Puts 1 0 100%
PUT/CALL Ratio 0.2 0.0 Bullish

Statistics: NGL

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

101 + 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 institutional holders of NGL — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 TPG GP A, LLC 1.99% 5,934,493 $73.2M
2 Cygnus Capital Advisors, LLC 1.88% 257,027 $3K
3 PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. 1.27% 1,030,638 $12.7M
4 Fractal Investments LLC 1.21% 832,479 $10.3M
5 ELCO Management Co., LLC 1.13% 191,580 $2.4M
6 Verdad Advisers, LP 0.97% 70,000 $863K
7 Carter Financial Group, INC. 0.49% 64,889 $800K
8 ING GROEP NV 0.40% 5,311,803 $65.5M
9 Kiker Wealth Management, LLC 0.19% 32,451 $400K
10 Windsor Advisory Group, LLC 0.10% 10,000 $123K
11 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 0.09% 150,000 $1.8M
12 Trust Co of Kansas 0.09% 13,000 —
13 SITTNER & NELSON, LLC 0.08% 18,750 $231K
14 Quartz Partners, LLC 0.08% 16,504 $203K
15 NOMURA HOLDINGS INC 0.07% 2,204,256 $27.2M
16 State of Wyoming 0.06% 44,173 $545K
17 COWA, LLC 0.06% 18,857 $233K
18 EVERPAR ADVISORS LLC 0.06% 13,942 $172K
19 AlphaCore Capital LLC 0.05% 175,800 $2.2M
20 KWMG, LLC 0.05% 49,063 $605K
21 FLC Capital Advisors 0.05% 22,800 $281K
22 Canvas Wealth Advisors, LLC 0.04% 20,000 $247K
23 Jackson Hole Capital Partners, LLC 0.04% 20,000 $247K
24 Frazier Financial Advisors, LLC 0.03% 5,000 $62K
25 STEPHENS INC /AR/ 0.03% 190,000 $2.3M
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NGL than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NGL?

Slight buying edge — 59% buying: Last quarter: 44 funds bought or added vs 30 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NGL holders?

Elite ownership — 72% AUM from top-100 funds: 20 of 101 holders are among the 100 largest funds by AUM, controlling 72% 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?

64% of holders stayed for 2+ years: 65 out of 101 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.

Is it too late to buy NGL ENERGY PARTNERS LP (NGL) following the 2026 Q1 hedge fund 13F filings?

As of today, NGL has moved +1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.1% for the XLE sector ETF — an outperformance of +1.4%. Since the quarter end (March 31, 2026), NGL has gained +47.7% vs -2.9% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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