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Top Institutional Investors Added to Their KMI Positions in 3Q17


Nov. 21 2017, Updated 10:33 a.m. ET

Top institutional investors

The Vanguard Group, State Street Global Advisors, and Wellington Management Company are the three largest institutional investors in Kinder Morgan (KMI). These three investors hold 6.3%, 4.3%, and 4.3%, respectively, of KMI’s outstanding shares.

Notably, Richard Kinder holds nearly 11.0% of KMI’s outstanding shares. The top ten investors collectively own nearly 36.0% of Kinder Morgan’s outstanding shares, which is ~1.0% higher than the percentage held by the top ten investors at the end of 2Q17.

The table above shows the top ten institutional investors in Kinder Morgan and their recent position changes. The top ten investors collectively added 36.4 million net shares of KMI to their positions, which could indicate their positive sentiment for the stock.

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Position changes

The Vanguard Group added 1.9 million net KMI shares, according to a filing dated September 30, 2017. State Street Global Advisors, on the other hand, sold 2.0 million KMI shares.

A net addition of nearly 26.0 million shares by Wellington Management Company is the largest position change. Wellington Management Company is now the fourth-largest institutional investor in Kinder Morgan.

ClearBridge Investments, J.P. Morgan Asset Management, and Macquarie Capital Investment Management recently added nearly 5.0 million KMI shares each to their positions.

On the other hand, Renaissance Technologies and First Trust Advisors recently sold 6.6 million and 4.4 million KMI shares, respectively. These are the largest position changes apart from the position changes by the ten largest investors in KMI shown in the chart above.

Institutional ownership in KMI

Institutions hold nearly 62.5% of Kinder Morgan’s outstanding shares. As the table above shows, Richard Kinder holds nearly 11.0% of KMI’s outstanding shares, and Fayez Sarofim owns 1.3% of these outstanding shares.

Kinder Morgan has 2.2 billion outstanding shares, 86.5% of which are free-floating shares.

Of the ~76.0% KMI shares held by institutions and strategic entities, 67.3% are held in the US. Europe and the Asia-Pacific account for 5.4% and 3.2%, respectively, of this 76.0% share.


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