Comparing Energy Income Partners, LLC Q3 vs Q4 2022 13F Holdings

The third quarter of 2022 saw significant changes in the holdings of Energy Income Partners, LLC. Now that Q4 2022 performance is out, let's take a deep dive into the comparison of 13F holdings.

Enterprise Prods Partners L, Magellan Midstream Prtnrs LP, and Energy Transfer LP are three of the largest holdings and saw an 8.7%, 8.8%, and 12.3% increase respectively.

However, DT Midstream Inc, Cheniere Energy Partners LP, and NextEra Energy Partners LP all saw decreases in their holdings, with DTM experiencing a substantial 8.7% drop in the number of shares held.

Williams Cos Inc, Kinder Morgan Inc Del, and Plains GP Hldgs LP, all saw double-digit increases in their holdings, indicating that Energy Income Partners, LLC is bullish on oil and gas in Q4 2022. MPLX LP, Public SVC Enterprise Grp Inc, and Sempra are three other companies where the fund saw a sizeable increase in holdings.

However, Cheniere Energy Inc saw a massive decrease of 19.3% in the number of shares held by the fund, followed by NextEra Energy Inc (-16.4%) and Atmos Energy Corp (-11.4%), indicating bearishness on these particular companies.

TC Energy Corp saw the most significant change in holdings, with Energy Income Partners, LLC offloading 61.9% of their shares in the company. National Fuel Gas Co, Alliant Energy Corp, and Idacorp Inc also saw decreases in holdings.

Interestingly, Enphase Energy Inc saw only a minor decrease in holdings (-1.6%) despite the overall bearishness on the energy sector in this quarter.

Other notable mentions are Schlumberger Ltd, Halliburton Co, and Exxon Mobile Corp, all of which saw increases in the number of shares held. On the contrary, Nabors Industries Ltd, Pioneer Nat Res Co, and Southwestern Energy Co all saw an increase in holdings from zero shares in Q3 to some shares in Q4.

Overall, the Q4 2022 holdings of Energy Income Partners, LLC is increasing for oil and gas companies and decreasing for some energy suppliers. The fund appears to be placing bets on shares that have, for one reason or another, demonstrated potential for growth.