Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

WESTERN MIDSTREAM PARTNERS L (WES)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +34
Streak
2Q ▲
Buyers last Q
70%

Smart Money Signals — WES

Based on 312 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added WES 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
312 hedge funds hold WES 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.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+54 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 70% buying

204 buying86 selling
Last quarter: 204 funds were net buyers (61 opened a brand new position + 143 added to an existing one). Only 86 were sellers (59 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+28 vs last Q)

new funds entering per quarter
Funds opening a new WES position: 41 → 33 → 33 → 61. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 27% medium ■ 22% new
158 out of 312 hedge funds have held WES 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.
📈

Growing discovery — still being found

30 → 41 → 33 → 33 → 61 new funds/Q
New funds entering each quarter: 41 → 33 → 33 → 61. A growing number of institutions are discovering WES each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 55% of holders stayed 2+ years

■ 55% veterans ■ 17% 1-2yr ■ 28% new
Of 320 current holders: 177 (55%) 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.
✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds
22 of 312 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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.

Hedge Fund Ownership: WES

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

Market Analysis: WES

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WES

-- --

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

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

42 top-rated funds 11 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: WES
2026 Q1 Stats Unlock in 11 days 320 + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 320 289 10.73%
13F Shares 165M 152M 9.04%
Total Value $6.53B $5.96B 9.67%
New Positions 61 35 +26
Increased Positions 166 132 +34
Closed Positions 29 23 +6
Reduced Positions 65 81 -16
Total Calls 6 6 -
Total Puts 5 7 -28.57%
PUT/CALL Ratio 0.83 1.17 Neutral

Statistics: WES

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

320 + investors

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

Top 25 institutional holders of WES — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Belfer Management LLC 8.33% 12,098 $498K
2 CHICKASAW CAPITAL MANAGEMENT LLC 8.12% 5,577,025 $230K
3 Heronetta Management, L.P. 7.75% 206,361 $8.5M
4 Fractal Investments LLC 7.69% 1,577,806 $65.0M
5 ALPS ADVISORS INC 7.49% 38,637,354 $1.59B
6 TERRIL BROTHERS, INC. 4.56% 405,189 $16.7M
7 CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.42% 1,676,900 $69.0M
8 Amplify Investments, LLC 3.16% 4,284 $176K
9 GraniteShares Advisors LLC 1.82% 61,211 $2.5M
10 MILLER HOWARD INVESTMENTS INC /NY 1.78% 1,584,975 $65.3M
11 SL ADVISORS, LLC 1.64% 23,602 $972K
12 Adams Asset Advisors, LLC 1.58% 342,105 $14.1M
13 Ellsworth Advisors, LLC 1.29% 166,306 $6.8M
14 ELCO Management Co., LLC 0.99% 50,149 $2.1M
15 ALBERT D MASON INC 0.94% 35,395 $1.5M
16 Nicholas Wealth, LLC. 0.80% 28,061 $1.2M
17 SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.74% 91,650 $3.8M
18 Texas Yale Capital Corp. 0.74% 632,821 $26.1M
19 Samalin Investment Counsel, LLC 0.55% 37,766 $1.6M
20 DIVIDEND ASSETS CAPITAL, LLC 0.53% 64,355 $2.6M
21 Penbrook Management LLC 0.50% 15,900 $655K
22 Autumn Glory Partners, LLC 0.47% 31,000 $1.3M
23 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.46% 43,655 $1.8M
24 Ulland Investment Advisors, LLC 0.42% 12,000 —
25 Pekin Hardy Strauss, Inc. 0.31% 73,150 $3.0M
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 — WESTERN MIDSTREAM PARTNERS L (WES)

What does the Smart Money Trend signal show for WES?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added WES 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 WES?

More buyers than sellers — 70% buying: Last quarter: 204 funds were net buyers (61 opened a brand new position + 143 added to an existing one). Only 86 were sellers (59 trimmed + 27 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for WES holders?

Strong quality — 31% AUM from major funds: 22 of 312 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held WES?

51% of holders stayed for 2+ years: 158 out of 312 hedge funds have held WES 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.