Institutional Investors' Divergent Views on Kinder Morgan (KMI)

2024-03-12

During the meeting held on the quarter ending December 31, 2023, Kinder Morgan (KMI) garnered significant interest from both hedge funds and ETFs, as reported by data from sharkstracker.com. The data revealed that 1331 hedge funds held KMI shares, amounting to a total of 1,419,584,296 shares. In comparison, 58 ETFs also had stakes in KMI, holding a total of 132,946,394 shares.

Among the top institutional holders of KMI shares were Vanguard Group Inc, BlackRock Inc., State Street Corp, Bank of America Corp, and Geode Capital Management, LLC. The meeting highlighted that in the last quarter, 532 hedge funds were actively buying KMI shares, surpassing the 552 funds that were selling. Notably, 54 hedge funds doubled their position on KMI, while 14 funds opted to sell at least 90% of their KMI shares.

The meeting also shed light on the varying sentiments of institutional investors towards KMI. The most pessimistic institutions included Westwood Holdings Group Inc, Ensign Peak Advisors, Inc, Citadel Advisors LLC, Bank of America Corp, and State Street Corp. Conversely, the most optimistic institutions on KMI were identified as Norges Bank, Goldman Sachs Group Inc, Legal & General Group Plc, Millennium Management LLC, and Squarepoint Ops LLC.

Overall, the data presented during the meeting offered valuable insights into the market sentiment surrounding Kinder Morgan, showcasing a diverse range of bullish and bearish positions taken by different institutional investors. This information was sourced from sharkstracker.com, a platform known for providing a data-driven perspective of the market.