Alps Advisors Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Alps Advisors Inc. reported 990 stock positions worth $15.8 billion. Its top holding was Energy Transfer (ET) at 8.3% of the portfolio, followed by MPLX (MPLX, 7.9%) and Enterprise Products Partners (EPD, 7.8%). Compared with Q3 2024, it opened 55 new positions, sold out of 59, added to 387 and reduced 331. The biggest buy was Hess Midstream Class A (HESM, shares +23%) and the biggest sale Home Depot (HD, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001376113
- Portfolio Value
- $15.8B (Q4 2024)
- SEC Filing
- 0001398344-25-002624 ↗ filed Feb 13, 2025
Holdings Value
Holdings 990 stocks · $15.8B
| ET Energy Transfer LP | 8.25% | 66,740,349 | $1.3B | Reduce -4.8% |
| MPLX MPLX LP | 7.85% | 26,000,698 | $1.2B | Add +1.5% |
| EPD Enterprise Products Partners | 7.79% | 39,359,425 | $1.2B | Add +3.4% |
| WES Western Midstream Partners L | 7.62% | 31,423,596 | $1.2B | Add +10.8% |
| PAA Plains All Amer Pipeline LP | 7.44% | 69,040,345 | $1.2B | Add +9.8% |
| SUN Sunoco LP | 6.69% | 20,603,455 | $1.1B | Add +7.7% |
| HESM Hess Midstream LP Class A | 4.70% | 20,104,557 | $744.5M | Add +22.5% |
| ENLC Enlink Midstream LLC | 4.46% | 49,921,773 | $706.4M | Add +6.4% |
| CQP Cheniere Energy Partners LP | 2.59% | 7,736,021 | $410.9M | Add +7.7% |
| USAC USA Compression Partners LP | 2.01% | 13,499,616 | $318.1M | Add +7.7% |
| CCJ Cameco Corp. | 1.70% | 5,250,118 | $269.8M | Reduce -0.1% |
| GLP Global Partners LP | 1.45% | 4,949,619 | $230.4M | Add +7.8% |
| SPH Suburban Propane Partners LP | 1.32% | 12,123,796 | $208.5M | Add +8.1% |
| GEL Genesis Energy L.P. | 1.31% | 20,597,208 | $208.2M | Add +7.7% |
| DKL Delek Logistics Partners LP | 0.88% | 3,287,772 | $138.9M | Add +45.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.80% | 439,377 | $127.3M | Reduce -1.3% |
| UEC Uranium Energy Corp. | 0.73% | 17,336,227 | $116.0M | Reduce -8.6% |
| DNN Denison Mines Corp. | 0.66% | 57,860,168 | $104.1M | Reduce -5.7% |
| NXE Nexgen Energy Ltd. | 0.66% | 15,746,417 | $103.9M | Reduce -10.9% |
| BND Vanguard Total Bond Market | 0.58% | 1,268,049 | $91.2M | Add +3.8% |
| IVV iShares Core S&P 500 ETF | 0.49% | 131,499 | $77.4M | Reduce -17.1% |
| UUUU Energy Fuels Inc. | 0.40% | 12,348,901 | $63.3M | Reduce -5.8% |
| VEA Vanguard Ftse Developed ETF | 0.39% | 1,297,061 | $62.0M | Add +27.7% |
| MSFT Microsoft Corp. | 0.35% | 133,002 | $56.1M | Add +1.9% |
| AAPL Apple Inc. | 0.35% | 218,710 | $54.8M | Add +0.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.33% | 1,581,359 | $52.5M | Reduce -6.4% |
| CSCO Cisco Systems Inc. | 0.33% | 875,027 | $51.8M | Add +89.6% |
| MCD McDonald's Corp. | 0.32% | 176,915 | $51.3M | Add +85.5% |
| CMCSA Comcast Corp. Class A | 0.31% | 1,321,525 | $49.6M | Reduce -0.2% |
| V Visa Inc. Class A | 0.30% | 147,946 | $46.8M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 0.29% | 242,797 | $46.0M | Reduce -0.9% |
| NEM Newmont Corp. | 0.29% | 1,225,617 | $45.6M | Add +72.9% |
| KMI Kinder Morgan Inc. | 0.28% | 1,638,137 | $44.9M | Reduce -13.9% |
| OEF iShares S&P 100 ETF | 0.28% | 151,357 | $43.7M | Reduce -6.9% |
| OKE Oneok Inc. | 0.26% | 414,948 | $41.7M | Reduce -4.4% |
| HD Home Depot Inc. | 0.26% | 106,936 | $41.6M | Reduce -37.3% |
| URG Ur-Energy Inc. | 0.24% | 33,556,666 | $38.6M | Add +13.7% |
| XLE SS Energy Select Sector | 0.24% | 436,605 | $37.4M | Add +9.5% |
| XLRE SS Real Estate Select Sector | 0.23% | 900,624 | $36.6M | Add +13.7% |
| XLV SS Health Care Select Sector | 0.23% | 266,206 | $36.6M | Add +16.8% |
| XLF SS Financial Select Sector | 0.23% | 757,293 | $36.6M | Reduce -2.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.23% | 480,654 | $36.4M | Add +8.7% |
| XLC SS Comm Select Sector SPDR | 0.23% | 375,010 | $36.3M | Reduce -5.8% |
| XLK SS Technology Select Sector | 0.23% | 155,687 | $36.2M | Reduce -2.1% |
| XLI SS Industrial Select Sector | 0.23% | 274,516 | $36.2M | Add +3.3% |
| XLP SS Consumer Staples Sel Sect | 0.23% | 459,549 | $36.1M | Add +7.8% |
| XLB SS Materials Select Sector | 0.23% | 429,262 | $36.1M | Add +14.1% |
| XLY SS Consumer Disc Select Sect | 0.23% | 160,484 | $36.0M | Reduce -10.8% |
| MA Mastercard Inc. Class A | 0.22% | 67,470 | $35.5M | Reduce -0.4% |
| LMT Lockheed Martin Corp. | 0.21% | 69,208 | $33.6M | Add +240.1% |
| MRK Merck & Co. Inc. | 0.21% | 334,756 | $33.3M | Reduce -0.1% |
| JNJ Johnson & Johnson | 0.21% | 227,970 | $33.0M | Reduce -0.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.21% | 1,384,721 | $32.8M | Reduce -4.7% |
| ABBV Abbvie Inc. | 0.20% | 182,722 | $32.5M | Add +9.3% |
| TMUS T-Mobile US Inc. | 0.20% | 143,016 | $31.6M | Add +269.7% |
| PAYX Paychex Inc. | 0.19% | 218,817 | $30.7M | Add +365.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 137,737 | $30.3M | Reduce -4.9% |
| T AT&T Inc. | 0.19% | 1,325,005 | $30.2M | Reduce -6.3% |
| BSV Vanguard Short-Term Bond ETF | 0.18% | 373,984 | $28.9M | Reduce -8.1% |
| UPS United Parcel Service Class B | 0.18% | 229,077 | $28.9M | Reduce -0.6% |
| MO Altria Group Inc. | 0.18% | 550,194 | $28.8M | Reduce -2.4% |
| VZ Verizon Communications Inc. | 0.18% | 717,464 | $28.7M | Add +4.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.18% | 251,334 | $28.4M | Add +414.6% |
| PM Philip Morris International | 0.18% | 232,698 | $28.0M | Reduce -0.2% |
| DRI Darden Restaurants Inc. | 0.17% | 147,564 | $27.5M | Reduce -3.3% |
| IJH iShares Core S&P Midcap ETF | 0.17% | 420,162 | $26.2M | Reduce -3.3% |
| VWO Vanguard Ftse Emerging Marke | 0.16% | 581,416 | $25.6M | Add +265.8% |
| PFE Pfizer Inc. | 0.16% | 947,053 | $25.1M | Add +15.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.16% | 835,000 | $24.9M | Add +4.4% |
| EXC Exelon Corp. | 0.16% | 657,059 | $24.7M | New |
| XOM Exxon Mobil Corp. | 0.16% | 229,419 | $24.7M | Add +0.9% |
| LUV Southwest Airlines Co. | 0.16% | 733,669 | $24.7M | New |
| BMY Bristol-Myers Squibb Co. | 0.15% | 434,305 | $24.6M | Reduce -11.4% |
| EVRG Evergy Inc. | 0.15% | 398,705 | $24.5M | Reduce -0.8% |
| SWKS Skyworks Solutions Inc. | 0.15% | 276,677 | $24.5M | Add +2995.5% |
| D Dominion Energy Inc. | 0.15% | 448,295 | $24.1M | Add +8.2% |
| GIS General Mills Inc. | 0.15% | 376,864 | $24.0M | Add +2660.9% |
| USB US Bancorp | 0.15% | 501,860 | $24.0M | Add +1817.1% |
| FE Firstenergy Corp. | 0.15% | 601,580 | $23.9M | New |
| VTRS Viatris Inc. | 0.15% | 1,918,103 | $23.9M | Reduce -7.2% |
| PRU Prudential Financial Inc. | 0.15% | 201,079 | $23.8M | Reduce -3.0% |
| DOW Dow Inc. | 0.15% | 592,891 | $23.8M | Add +23.4% |
| LYB Lyondellbasell Indu Class A | 0.15% | 320,144 | $23.8M | Add +23.8% |
| BBY Best Buy Co. Inc. | 0.15% | 276,544 | $23.7M | Add +13.0% |
| SWK Stanley Black & Decker Inc. | 0.15% | 292,583 | $23.5M | Add +23.1% |
| KHC The Kraft Heinz Co. | 0.15% | 764,452 | $23.5M | Add +12.9% |
| IP International Paper Co. | 0.15% | 436,178 | $23.5M | Reduce -11.8% |
| ACN Accenture PLC Class A | 0.15% | 66,728 | $23.5M | Reduce -0.3% |
| ES Eversource Energy | 0.15% | 407,015 | $23.4M | Add +14.8% |
| ADM Archer-Daniels-Midland Co. | 0.15% | 462,320 | $23.4M | New |
| GPC Genuine Parts Co. | 0.15% | 199,847 | $23.3M | Add +13.9% |
| F Ford Motor Co. filed as FORD MTR CO | 0.15% | 2,331,627 | $23.1M | Add +3.4% |
| OMC Omnicom Group | 0.15% | 268,220 | $23.1M | Add +11.3% |
| AMCR Amcor PLC | 0.15% | 2,447,035 | $23.0M | Add +11.6% |
| TFC Truist Financial Corp. | 0.14% | 529,179 | $23.0M | Reduce -8.1% |
| KEY Keycorp | 0.14% | 1,336,219 | $22.9M | New |
| HPQ HP Inc. | 0.14% | 701,177 | $22.9M | Reduce -3.0% |
| CVX Chevron Corp. | 0.14% | 157,444 | $22.8M | Reduce -8.1% |
| PSX Phillips 66 | 0.14% | 197,410 | $22.5M | New |
| CVS CVS Health Corp. | 0.14% | 490,700 | $22.0M | New |
Portfolio Sells Q3 2024 → Q4 2024
| HD Home Depot Inc. | Reduce -37.3% | 0.26% | −0.20 |
| TXN Texas Instruments Inc. | Reduce -56.0% | 0.11% | −0.19 |
| CMI Cummins Inc. | Reduce -95.8% | 0.01% | −0.17 |
| GLW Corning Inc. | Sold out | 0.00% | −0.17 |
| RF Regions Financial Corp. | Sold out | 0.00% | −0.17 |
| IPG Interpublic Group of Cos Inc. | Reduce -98.6% | 0.00% | −0.17 |
| MMM 3M Co. | Reduce -98.6% | 0.00% | −0.17 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.17 |
| HBAN Huntington Bancshares Inc. | Sold out | 0.00% | −0.16 |
| EIX Edison International | Sold out | 0.00% | −0.16 |
| RTX RTX Corp. | Sold out | 0.00% | −0.16 |
| CAG Conagra Brands Inc. | Sold out | 0.00% | −0.16 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.16 |
| GILD Gilead Sciences Inc. | Reduce -94.4% | 0.01% | −0.16 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.16 |
| DUK Duke Energy Corp. | Reduce -98.7% | 0.00% | −0.16 |
| WMB Williams Cos Inc. | Reduce -58.0% | 0.13% | −0.14 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Sold out | 0.00% | −0.14 |
| IVV iShares Core S&P 500 ETF | Reduce -17.1% | 0.49% | −0.12 |
| NXE Nexgen Energy Ltd. | Reduce -10.9% | 0.66% | −0.12 |
| DNN Denison Mines Corp. | Reduce -5.7% | 0.66% | −0.09 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -6.4% | 0.33% | −0.09 |
| UUUU Energy Fuels Inc. | Reduce -5.8% | 0.40% | −0.08 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -32.2% | 0.11% | −0.07 |
| CMCSA Comcast Corp. Class A | Reduce -0.2% | 0.31% | −0.06 |
| UEC Uranium Energy Corp. | Reduce -8.6% | 0.73% | −0.06 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -38.5% | 0.08% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.21% | −0.04 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.04 |
| ALB Albemarle Corp. | Reduce -39.2% | 0.04% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.3% | 0.80% | −0.04 |
| JNJ Johnson & Johnson | Reduce -0.1% | 0.21% | −0.04 |
| FSLR First Solar Inc. | Reduce -20.0% | 0.04% | −0.04 |
| RUN Sunrun Inc. | Reduce -27.0% | 0.02% | −0.04 |
| TSLA Tesla Inc. | Reduce -60.5% | 0.05% | −0.03 |
| BSV Vanguard Short-Term Bond ETF | Reduce -8.1% | 0.18% | −0.03 |
| HPQ HP Inc. | Reduce -3.0% | 0.14% | −0.03 |
| ITRI Itron Inc. | Reduce -38.5% | 0.04% | −0.03 |
| ORA Ormat Technologies Inc. | Reduce -35.5% | 0.03% | −0.03 |
| UPS United Parcel Service Class B | Reduce -0.6% | 0.18% | −0.03 |
| KRYS Krystal Biotech Inc. | Sold out | 0.00% | −0.03 |
| HASI Ha Sustainable Infrastructur | Reduce -26.0% | 0.03% | −0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -4.7% | 0.21% | −0.03 |
| OEF iShares S&P 100 ETF | Reduce -6.9% | 0.28% | −0.03 |
| CVX Chevron Corp. | Reduce -8.1% | 0.14% | −0.03 |
| CORT Corcept Therapeutics Inc. | Reduce -89.6% | 0.00% | −0.02 |
| NXT Nextpower Inc. | Reduce -32.0% | 0.04% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -4.9% | 0.19% | −0.02 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.02 |
| DAR Darling Ingredients Inc. | Reduce -28.6% | 0.04% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| HESM Hess Midstream LP Class A | Add +22.5% | 4.70% | +0.83 |
| EPD Enterprise Products Partners | Add +3.4% | 7.79% | +0.38 |
| WES Western Midstream Partners L | Add +10.8% | 7.62% | +0.36 |
| CQP Cheniere Energy Partners LP | Add +7.7% | 2.59% | +0.25 |
| MPLX MPLX LP | Add +1.5% | 7.85% | +0.23 |
| DKL Delek Logistics Partners LP | Add +45.8% | 0.88% | +0.22 |
| CSCO Cisco Systems Inc. | Add +89.6% | 0.33% | +0.16 |
| EXC Exelon Corp. | New | 0.16% | +0.16 |
| LUV Southwest Airlines Co. | New | 0.16% | +0.16 |
| PAYX Paychex Inc. | Add +365.6% | 0.19% | +0.15 |
| FE Firstenergy Corp. | New | 0.15% | +0.15 |
| SWKS Skyworks Solutions Inc. | Add +2995.5% | 0.15% | +0.15 |
| ADM Archer-Daniels-Midland Co. | New | 0.15% | +0.15 |
| TMUS T-Mobile US Inc. | Add +269.7% | 0.20% | +0.15 |
| GIS General Mills Inc. | Add +2660.9% | 0.15% | +0.14 |
| KEY Keycorp | New | 0.14% | +0.14 |
| TROW T Rowe Price Group Inc. | Add +414.6% | 0.18% | +0.14 |
| USB US Bancorp | Add +1817.1% | 0.15% | +0.14 |
| PSX Phillips 66 | New | 0.14% | +0.14 |
| CVS CVS Health Corp. | New | 0.14% | +0.14 |
| PAA Plains All Amer Pipeline LP | Add +9.8% | 7.44% | +0.13 |
| LMT Lockheed Martin Corp. | Add +240.1% | 0.21% | +0.13 |
| MCD McDonald's Corp. | Add +85.5% | 0.32% | +0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.11% | +0.11 |
| VWO Vanguard Ftse Emerging Marke | Add +265.8% | 0.16% | +0.11 |
| USAC USA Compression Partners LP | Add +7.7% | 2.01% | +0.08 |
| NEM Newmont Corp. | Add +72.9% | 0.29% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Add +27.7% | 0.39% | +0.03 |
| SEIC Sei Investments Company | Add +17.8% | 0.13% | +0.03 |
| INFY Infosys Ltd.-SP ADR | Add +35.8% | 0.12% | +0.03 |
| SMTH Alps SMTH Cor BD Plus ETF | New | 0.02% | +0.02 |
| HLI Houlihan Lokey Inc. | Add +17.7% | 0.13% | +0.02 |
| GLP Global Partners LP | Add +7.8% | 1.45% | +0.02 |
| TECK Teck Resources Ltd.-CLS B | New | 0.02% | +0.02 |
| IDCC Interdigital Inc. | Add +16.4% | 0.07% | +0.02 |
| AXSM Axsome Therapeutics Inc. | New | 0.02% | +0.02 |
| CALM Cal-Maine Foods Inc. | Add +17.3% | 0.06% | +0.02 |
| G Genpact Ltd. | Add +17.5% | 0.11% | +0.02 |
| MTN Vail Resorts Inc. | Add +17.9% | 0.11% | +0.02 |
| RYTM Rhythm Pharmaceuticals Inc. | New | 0.02% | +0.02 |
| PREMIER INC-CLASS A | Add +17.8% | 0.11% | +0.02 |
| RHI Robert Half Inc. | Add +18.0% | 0.12% | +0.02 |
| LNG Cheniere Energy Inc. | Add +2.0% | 0.12% | +0.02 |
| SPIB SS SPDR P Int C Corp. ETF | Add +48.0% | 0.06% | +0.02 |
| TPR Tapestry Inc. | Add +17.3% | 0.04% | +0.02 |
| DLB Dolby Laboratories Inc. Class A | Add +17.9% | 0.12% | +0.01 |
| VCTR Victory Capital Holding - A | Add +17.7% | 0.06% | +0.01 |
| TXRH Texas Roadhouse Inc. | Add +17.0% | 0.12% | +0.01 |
| RLI Rli Corp. | Add +17.6% | 0.08% | +0.01 |
| WH Wyndham Hotels & Resorts Inc. | Add +17.3% | 0.04% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,170 | $21.3B | ET, SUN, MPLX, EPD, WES |
| Q1 2026 | 1,037 | $21.3B | ET, EPD, PAA, SUN, WES |
| Q4 2025 | 1,008 | $17.2B | WES, ET, EPD, PAA, SUN |
| Q3 2025 | 1,019 | $18.0B | WES, ET, EPD, MPLX, PAA |
| Q2 2025 | 1,025 | $17.3B | PAA, ET, MPLX, WES, EPD |
| Q1 2025 | 990 | $17.2B | EPD, ET, WES, MPLX, PAA |
| Q4 2024 | 990 | $15.8B | ET, MPLX, EPD, WES, PAA |
| Q3 2024 | 993 | $14.9B | MPLX, ET, EPD, PAA, WES |
| Q2 2024 | 968 | $14.6B | ET, PAA, MPLX, EPD, WES |
| Q1 2024 | 973 | $14.1B | EPD, ET, PAA, WES, MPLX |