Alps Advisors Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Alps Advisors Inc. reported 990 stock positions worth $17.2 billion. Its top holding was Enterprise Products Partners (EPD) at 8.2% of the portfolio, followed by Energy Transfer (ET, 8.1%) and Western Midstream Partners L (WES, 8.0%). Compared with Q4 2024, it opened 150 new positions, sold out of 150, added to 453 and reduced 383. The biggest buy was Hess Midstream Class A (HESM, shares +31%) and the biggest sale an exit from Enlink Midstream (ENLC).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001376113
- Portfolio Value
- $17.2B (Q1 2025)
- SEC Filing
- 0001398344-25-008194 ↗ filed Apr 30, 2025
Holdings Value
Holdings 990 stocks · $17.2B
| EPD Enterprise Products Partners | 8.18% | 41,326,613 | $1.4B | Add +5.0% |
| ET Energy Transfer LP | 8.12% | 75,353,994 | $1.4B | Add +12.9% |
| WES Western Midstream Partners L | 8.03% | 33,824,487 | $1.4B | Add +7.6% |
| MPLX MPLX LP | 8.00% | 25,783,702 | $1.4B | Reduce -0.8% |
| PAA Plains All Amer Pipeline LP | 8.00% | 68,977,355 | $1.4B | Reduce -0.1% |
| SUN Sunoco LP | 7.79% | 23,132,625 | $1.3B | Add +12.3% |
| HESM Hess Midstream LP Class A | 6.46% | 26,356,221 | $1.1B | Add +31.1% |
| CQP Cheniere Energy Partners LP | 3.45% | 9,019,585 | $595.7M | Add +16.6% |
| USAC USA Compression Partners LP | 2.50% | 15,990,511 | $431.4M | Add +18.4% |
| GEL Genesis Energy L.P. | 2.19% | 24,020,175 | $376.9M | Add +16.6% |
| GLP Global Partners LP | 1.73% | 5,584,745 | $298.1M | Add +12.8% |
| SPH Suburban Propane Partners LP | 1.72% | 14,142,616 | $297.1M | Add +16.6% |
| CCJ Cameco Corp. | 1.09% | 4,587,561 | $188.8M | Reduce -12.6% |
| DKL Delek Logistics Partners LP | 1.08% | 4,316,269 | $186.7M | Add +31.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.70% | 442,342 | $121.6M | Add +0.7% |
| BND Vanguard Total Bond Market | 0.53% | 1,250,709 | $91.9M | Reduce -1.4% |
| NXE Nexgen Energy Ltd. | 0.44% | 17,045,672 | $76.5M | Add +8.3% |
| DNN Denison Mines Corp. | 0.44% | 57,792,153 | $75.1M | Reduce -0.1% |
| UEC Uranium Energy Corp. | 0.43% | 15,606,299 | $74.6M | Reduce -10.0% |
| IVV iShares Core S&P 500 ETF | 0.43% | 131,864 | $74.1M | Add +0.3% |
| NEM Newmont Corp. | 0.40% | 1,436,547 | $69.4M | Add +17.2% |
| VEA Vanguard Ftse Developed ETF | 0.37% | 1,241,056 | $63.1M | Reduce -4.3% |
| UUUU Energy Fuels Inc. | 0.34% | 15,933,699 | $59.4M | Add +29.0% |
| MCD McDonald's Corp. | 0.32% | 177,335 | $55.4M | Add +0.2% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.31% | 1,494,664 | $54.0M | Reduce -5.5% |
| CSCO Cisco Systems Inc. | 0.31% | 863,961 | $53.3M | Reduce -1.3% |
| CMCSA Comcast Corp. Class A | 0.30% | 1,412,535 | $52.1M | Add +6.9% |
| MSFT Microsoft Corp. | 0.30% | 136,103 | $51.1M | Add +2.3% |
| KMI Kinder Morgan Inc. | 0.29% | 1,752,158 | $50.0M | Add +7.0% |
| OKE Oneok Inc. | 0.28% | 486,277 | $48.2M | Add +17.2% |
| AAPL Apple Inc. | 0.28% | 215,693 | $47.9M | Reduce -1.4% |
| XLP SS Consumer Staples Sel Sect | 0.27% | 566,689 | $46.3M | Add +23.3% |
| XLE SS Energy Select Sector | 0.26% | 486,237 | $45.4M | Add +11.4% |
| XLRE SS Real Estate Select Sector | 0.26% | 1,083,175 | $45.3M | Add +20.3% |
| XLF SS Financial Select Sector | 0.26% | 909,080 | $45.3M | Add +20.0% |
| XLB SS Materials Select Sector | 0.26% | 524,054 | $45.1M | Add +22.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.26% | 570,999 | $45.0M | Add +18.8% |
| XLY SS Consumer Disc Select Sect | 0.26% | 227,496 | $44.9M | Add +41.8% |
| XLV SS Health Care Select Sector | 0.26% | 306,788 | $44.8M | Add +15.2% |
| XLI SS Industrial Select Sector | 0.26% | 339,915 | $44.6M | Add +23.8% |
| XLC SS Comm Select Sector SPDR | 0.26% | 460,621 | $44.4M | Add +22.8% |
| V Visa Inc. Class A | 0.26% | 126,420 | $44.3M | Reduce -14.6% |
| XLK SS Technology Select Sector | 0.25% | 209,994 | $43.4M | Add +34.9% |
| OEF iShares S&P 100 ETF | 0.24% | 151,637 | $41.1M | Add +0.2% |
| HD Home Depot Inc. | 0.23% | 109,025 | $40.0M | Add +1.9% |
| GOOGL Alphabet Inc. Class A | 0.22% | 248,591 | $38.4M | Add +2.4% |
| JNJ Johnson & Johnson | 0.22% | 227,707 | $37.8M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 0.22% | 68,211 | $37.4M | Add +1.1% |
| TMUS T-Mobile US Inc. | 0.21% | 132,972 | $35.5M | Reduce -7.0% |
| T AT&T Inc. | 0.20% | 1,209,570 | $34.2M | Reduce -8.7% |
| ABBV Abbvie Inc. | 0.19% | 157,488 | $33.0M | Reduce -13.8% |
| PAYX Paychex Inc. | 0.19% | 212,674 | $32.8M | Reduce -2.8% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.19% | 1,385,646 | $32.7M | Add +0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 130,365 | $32.4M | Reduce -5.3% |
| VZ Verizon Communications Inc. | 0.19% | 708,734 | $32.1M | Reduce -1.2% |
| PM Philip Morris International | 0.18% | 200,786 | $31.9M | Reduce -13.7% |
| LMT Lockheed Martin Corp. | 0.18% | 71,104 | $31.8M | Add +2.7% |
| MO Altria Group Inc. | 0.18% | 519,794 | $31.2M | Reduce -5.5% |
| MRK Merck & Co. Inc. | 0.18% | 337,601 | $30.3M | Add +0.8% |
| BSV Vanguard Short-Term Bond ETF | 0.17% | 368,894 | $28.9M | Reduce -1.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.16% | 308,837 | $28.4M | Add +22.9% |
| URG Ur-Energy Inc. | 0.16% | 40,898,293 | $27.6M | Add +21.9% |
| DRI Darden Restaurants Inc. | 0.16% | 131,817 | $27.4M | Reduce -10.7% |
| UPS United Parcel Service Class B | 0.16% | 248,258 | $27.3M | Add +8.4% |
| XOM Exxon Mobil Corp. | 0.15% | 223,323 | $26.6M | Reduce -2.7% |
| IBN Icici Bank Ltd.-Spon ADR | 0.15% | 835,000 | $26.3M | No change |
| VWO Vanguard Ftse Emerging Marke | 0.15% | 581,201 | $26.3M | Reduce -0.0% |
| CVX Chevron Corp. | 0.15% | 153,853 | $25.7M | Reduce -2.3% |
| LUV Southwest Airlines Co. | 0.15% | 761,327 | $25.6M | Add +3.8% |
| WMB Williams Cos Inc. | 0.15% | 425,309 | $25.4M | Add +14.8% |
| USB US Bancorp | 0.15% | 601,058 | $25.4M | Add +19.8% |
| EXC Exelon Corp. | 0.15% | 546,681 | $25.2M | Reduce -16.8% |
| EVRG Evergy Inc. | 0.15% | 365,292 | $25.2M | Reduce -8.4% |
| GIS General Mills Inc. | 0.15% | 419,353 | $25.1M | Add +11.3% |
| IP International Paper Co. | 0.15% | 469,911 | $25.1M | Add +7.7% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 409,412 | $25.0M | Reduce -5.7% |
| CVS CVS Health Corp. | 0.14% | 367,819 | $24.9M | Reduce -25.0% |
| F Ford Motor Co. filed as FORD MTR CO | 0.14% | 2,482,832 | $24.9M | Add +6.5% |
| BBY Best Buy Co. Inc. | 0.14% | 337,942 | $24.9M | Add +22.2% |
| PRU Prudential Financial Inc. | 0.14% | 222,654 | $24.9M | Add +10.7% |
| OMC Omnicom Group | 0.14% | 298,829 | $24.8M | Add +11.4% |
| D Dominion Energy Inc. | 0.14% | 441,857 | $24.8M | Reduce -1.4% |
| IJH iShares Core S&P Midcap ETF | 0.14% | 423,262 | $24.7M | Add +0.7% |
| KEY Keycorp | 0.14% | 1,540,704 | $24.6M | Add +15.3% |
| ADM Archer-Daniels-Midland Co. | 0.14% | 512,035 | $24.6M | Add +10.8% |
| TFC Truist Financial Corp. | 0.14% | 595,813 | $24.5M | Add +12.6% |
| FE Firstenergy Corp. | 0.14% | 606,500 | $24.5M | Add +0.8% |
| ES Eversource Energy | 0.14% | 393,533 | $24.4M | Reduce -3.3% |
| KHC The Kraft Heinz Co. | 0.14% | 799,141 | $24.3M | Add +4.5% |
| TRGP Targa Resources Corp. | 0.14% | 120,507 | $24.2M | Add +17.3% |
| PFE Pfizer Inc. | 0.14% | 953,110 | $24.2M | Add +0.6% |
| AMCR Amcor PLC | 0.14% | 2,470,170 | $24.0M | Add +0.9% |
| LNG Cheniere Energy Inc. | 0.14% | 102,587 | $23.7M | Add +18.2% |
| STX Seagate Technology Holdings | 0.14% | 278,831 | $23.7M | Add +10.2% |
| GPC Genuine Parts Co. | 0.14% | 198,016 | $23.6M | Reduce -0.9% |
| HPQ HP Inc. | 0.14% | 850,385 | $23.5M | Add +21.3% |
| PSX Phillips 66 | 0.14% | 190,652 | $23.5M | Reduce -3.4% |
| SWKS Skyworks Solutions Inc. | 0.14% | 360,417 | $23.3M | Add +30.3% |
| VTRS Viatris Inc. | 0.13% | 2,654,804 | $23.1M | Add +38.4% |
| SWK Stanley Black & Decker Inc. | 0.13% | 298,354 | $22.9M | Add +2.0% |
Portfolio Sells Q4 2024 → Q1 2025
| ENLC Enlink Midstream LLC | Sold out | 0.00% | −4.46 |
| CCJ Cameco Corp. | Reduce -12.6% | 1.09% | −0.61 |
| UEC Uranium Energy Corp. | Reduce -10.0% | 0.43% | −0.30 |
| DNN Denison Mines Corp. | Reduce -0.1% | 0.44% | −0.22 |
| FSM Fortuna Mining Corp. | Sold out | 0.00% | −0.08 |
| INFY Infosys Ltd.-SP ADR | Reduce -42.8% | 0.05% | −0.07 |
| AAPL Apple Inc. | Reduce -1.4% | 0.28% | −0.07 |
| BND Vanguard Total Bond Market | Reduce -1.4% | 0.53% | −0.04 |
| V Visa Inc. Class A | Reduce -14.6% | 0.26% | −0.04 |
| ALTM Arcadium Lithium PLC | Sold out | 0.00% | −0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -4.3% | 0.37% | −0.03 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -5.5% | 0.31% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -1.3% | 0.31% | −0.02 |
| DRI Darden Restaurants Inc. | Reduce -10.7% | 0.16% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -1.4% | 0.17% | −0.01 |
| ABBV Abbvie Inc. | Reduce -13.8% | 0.19% | −0.01 |
| NXT Nextpower Inc. | Reduce -35.7% | 0.03% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -2.0% | 0.11% | −0.01 |
| CRNX Crinetics Pharmaceuticals Inc. | Reduce -10.2% | 0.01% | −0.01 |
| DAR Darling Ingredients Inc. | Reduce -19.0% | 0.02% | −0.01 |
| ENPH Enphase Energy Inc. | Reduce -15.9% | 0.03% | −0.01 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.01 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.01 |
| RIVN Rivian Automotive Inc. Class A | Reduce -15.6% | 0.03% | −0.01 |
| FSK FS KKR Capital Corp. | Sold out | 0.00% | −0.01 |
| GPC Genuine Parts Co. | Reduce -0.9% | 0.14% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.7% | 0.14% | −0.01 |
| APO Apollo Global Management Inc. | Reduce -16.4% | 0.02% | −0.01 |
| EXC Exelon Corp. | Reduce -16.8% | 0.15% | −0.01 |
| KKR KKR & Co. Inc. | Reduce -2.5% | 0.02% | −0.01 |
| ITRI Itron Inc. | Reduce -12.9% | 0.03% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.0% | 0.15% | −0.01 |
| EVRG Evergy Inc. | Reduce -8.4% | 0.15% | −0.01 |
| D Dominion Energy Inc. | Reduce -1.4% | 0.14% | −0.01 |
| NMRA Neumora Therapeutics Inc. | Reduce -12.5% | 0.00% | −0.01 |
| EA Electronic Arts Inc. | Reduce -16.8% | 0.02% | −0.01 |
| ORA Ormat Technologies Inc. | Reduce -19.0% | 0.03% | −0.01 |
| ARES Ares Management Corp. Class A | Reduce -2.1% | 0.02% | −0.01 |
| VERA Vera Therapeutics Inc. | Reduce -9.2% | 0.01% | −0.01 |
| BX Blackstone Inc. | Reduce -2.7% | 0.02% | −0.01 |
| SKE Skeena Resources Ltd. | Sold out | 0.00% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -24.3% | 0.01% | −0.01 |
| CAT Caterpillar Inc. | Reduce -3.1% | 0.03% | −0.01 |
| MLTX Moonlake Immunotherapeutics | Reduce -7.6% | 0.01% | −0.01 |
| HTGC Hercules Capital Inc. | Sold out | 0.00% | −0.01 |
| PTC PTC Inc. | Reduce -44.4% | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -4.7% | 0.06% | −0.01 |
| APP AppLovin Corp. Class A | Reduce -7.8% | 0.01% | −0.01 |
| DNLI Denali Therapeutics Inc. | Reduce -4.3% | 0.01% | −0.01 |
| HASI Ha Sustainable Infrastructur | Reduce -19.2% | 0.02% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| HESM Hess Midstream LP Class A | Add +31.1% | 6.46% | +1.76 |
| SUN Sunoco LP | Add +12.3% | 7.79% | +1.10 |
| GEL Genesis Energy L.P. | Add +16.6% | 2.19% | +0.87 |
| CQP Cheniere Energy Partners LP | Add +16.6% | 3.45% | +0.86 |
| USAC USA Compression Partners LP | Add +18.4% | 2.50% | +0.49 |
| WES Western Midstream Partners L | Add +7.6% | 8.03% | +0.41 |
| SPH Suburban Propane Partners LP | Add +16.6% | 1.72% | +0.41 |
| EPD Enterprise Products Partners | Add +5.0% | 8.18% | +0.39 |
| GLP Global Partners LP | Add +12.8% | 1.73% | +0.27 |
| DKL Delek Logistics Partners LP | Add +31.3% | 1.08% | +0.21 |
| NEM Newmont Corp. | Add +17.2% | 0.40% | +0.11 |
| PSLV Sprott Physical Silver Trust | New | 0.05% | +0.05 |
| XLP SS Consumer Staples Sel Sect | Add +23.3% | 0.27% | +0.04 |
| XLB SS Materials Select Sector | Add +22.1% | 0.26% | +0.03 |
| XLY SS Consumer Disc Select Sect | Add +41.8% | 0.26% | +0.03 |
| AM Antero Midstream Corp. | Add +22.2% | 0.13% | +0.03 |
| XLRE SS Real Estate Select Sector | Add +20.3% | 0.26% | +0.03 |
| XLF SS Financial Select Sector | Add +20.0% | 0.26% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +18.8% | 0.26% | +0.03 |
| MAG Mag Silver Corp. | Add +711.6% | 0.03% | +0.03 |
| XLI SS Industrial Select Sector | Add +23.8% | 0.26% | +0.03 |
| XLV SS Health Care Select Sector | Add +15.2% | 0.26% | +0.03 |
| XLC SS Comm Select Sector SPDR | Add +22.8% | 0.26% | +0.03 |
| XLE SS Energy Select Sector | Add +11.4% | 0.26% | +0.03 |
| TRGP Targa Resources Corp. | Add +17.3% | 0.14% | +0.02 |
| XLK SS Technology Select Sector | Add +34.9% | 0.25% | +0.02 |
| WMB Williams Cos Inc. | Add +14.8% | 0.15% | +0.02 |
| LNG Cheniere Energy Inc. | Add +18.2% | 0.14% | +0.02 |
| PAGP Plains GP Holdings LP | Add +8.6% | 0.13% | +0.02 |
| WPM Wheaton Precious Metals Corp. | New | 0.02% | +0.02 |
| OKE Oneok Inc. | Add +17.2% | 0.28% | +0.02 |
| G Genpact Ltd. | Add +7.1% | 0.13% | +0.02 |
| EXK Endeavour Silver Corp. | Add +599.6% | 0.02% | +0.02 |
| AU Anglogold Ashanti PLC | Add +139.6% | 0.02% | +0.02 |
| DTM DT Midstream Inc. | Add +26.9% | 0.13% | +0.02 |
| NG Novagold Resources Inc. | Add +458.9% | 0.02% | +0.02 |
| CHE Chemed Corp. | Add +7.0% | 0.12% | +0.01 |
| GFI Gold Fields Ltd.-Spons ADR | Add +40.7% | 0.03% | +0.01 |
| SVM Silvercorp Metals Inc. | Add +536.0% | 0.01% | +0.01 |
| VZLA Vizsla Silver Corp. | Add +954.5% | 0.01% | +0.01 |
| RGLD Royal Gold Inc. | Add +0.8% | 0.09% | +0.01 |
| EHC Encompass Health Corp. | Add +9.8% | 0.12% | +0.01 |
| AG First Majestic Silver Corp. | New | 0.01% | +0.01 |
| YMM Full Truck Alliance -SPN ADR | New | 0.01% | +0.01 |
| RDDT Reddit Inc. Class A | New | 0.01% | +0.01 |
| ABT Abbott Laboratories | Add +3.5% | 0.08% | +0.01 |
| CDE Coeur Mining Inc. | Add +156.8% | 0.01% | +0.01 |
| GRAB Grab Holdings Ltd. Class A | New | 0.01% | +0.01 |
| SQM Quimica Y Minera Chil-SP ADR | Add +57.0% | 0.02% | +0.01 |
| FCFS Firstcash Holdings Inc. | Add +7.8% | 0.06% | +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 |