Alps Advisors Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Alps Advisors Inc. reported 1,025 stock positions worth $17.3 billion. Its top holding was Plains All Amer Pipeline (PAA) at 7.9% of the portfolio, followed by Energy Transfer (ET, 7.8%) and MPLX (MPLX, 7.8%). Compared with Q1 2025, it opened 76 new positions, sold out of 41, added to 460 and reduced 487. The biggest buy was Nexgen Energy (NXE, shares +1%) and the biggest sale Cheniere Energy Partners (CQP, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001376113
- Portfolio Value
- $17.3B (Q2 2025)
- SEC Filing
- 0001398344-25-014895 ↗ filed Aug 11, 2025
Holdings Value
Holdings 1,025 stocks · $17.3B
| PAA Plains All Amer Pipeline LP | 7.86% | 74,402,915 | $1.4B | Add +7.9% |
| ET Energy Transfer LP | 7.77% | 74,284,287 | $1.3B | Reduce -1.4% |
| MPLX MPLX LP | 7.75% | 26,084,203 | $1.3B | Add +1.2% |
| WES Western Midstream Partners L | 7.74% | 34,675,907 | $1.3B | Add +2.5% |
| EPD Enterprise Products Partners | 7.63% | 42,663,656 | $1.3B | Add +3.2% |
| SUN Sunoco LP | 7.26% | 23,489,829 | $1.3B | Add +1.5% |
| HESM Hess Midstream LP Class A | 6.43% | 28,956,516 | $1.1B | Add +9.9% |
| CQP Cheniere Energy Partners LP | 2.84% | 8,795,690 | $493.0M | Reduce -2.5% |
| GEL Genesis Energy L.P. | 2.33% | 23,460,058 | $404.2M | Reduce -2.3% |
| USAC USA Compression Partners LP | 2.19% | 15,605,098 | $379.4M | Reduce -2.4% |
| CCJ Cameco Corp. | 1.85% | 4,312,339 | $320.1M | Reduce -6.0% |
| GLP Global Partners LP | 1.66% | 5,446,063 | $287.2M | Reduce -2.5% |
| SPH Suburban Propane Partners LP | 1.49% | 13,893,278 | $257.4M | Reduce -1.8% |
| DKL Delek Logistics Partners LP | 1.05% | 4,219,267 | $181.2M | Reduce -2.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.87% | 498,522 | $151.5M | Add +12.7% |
| NXE Nexgen Energy Ltd. | 0.69% | 17,259,319 | $119.8M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 0.63% | 177,199 | $110.0M | Add +34.4% |
| DNN Denison Mines Corp. | 0.63% | 60,006,874 | $109.2M | Add +3.8% |
| UEC Uranium Energy Corp. | 0.63% | 16,019,087 | $108.9M | Add +2.6% |
| UUUU Energy Fuels Inc. | 0.53% | 15,929,858 | $91.6M | Reduce -0.0% |
| BND Vanguard Total Bond Market | 0.51% | 1,207,134 | $88.9M | Reduce -3.5% |
| VEA Vanguard Ftse Developed ETF | 0.44% | 1,350,161 | $77.0M | Add +8.8% |
| NEM Newmont Corp. | 0.44% | 1,310,940 | $76.4M | Reduce -8.7% |
| MSFT Microsoft Corp. | 0.38% | 132,364 | $65.8M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 0.33% | 828,226 | $57.5M | Reduce -4.1% |
| MCD McDonald's Corp. | 0.29% | 173,353 | $50.6M | Reduce -2.3% |
| KMI Kinder Morgan Inc. | 0.29% | 1,714,436 | $50.4M | Reduce -2.1% |
| CMCSA Comcast Corp. Class A | 0.29% | 1,398,389 | $49.9M | Reduce -1.0% |
| XLC SS Comm Select Sector SPDR | 0.29% | 458,272 | $49.7M | Reduce -0.5% |
| XLK SS Technology Select Sector | 0.29% | 195,931 | $49.6M | Reduce -6.7% |
| XLF SS Financial Select Sector | 0.28% | 935,813 | $49.0M | Add +2.9% |
| XLI SS Industrial Select Sector | 0.28% | 331,022 | $48.8M | Reduce -2.6% |
| XLY SS Consumer Disc Select Sect | 0.28% | 223,691 | $48.6M | Reduce -1.7% |
| XLV SS Health Care Select Sector | 0.28% | 355,416 | $47.9M | Add +15.8% |
| XLB SS Materials Select Sector | 0.28% | 545,347 | $47.9M | Add +4.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.27% | 583,410 | $47.6M | Add +2.2% |
| XLP SS Consumer Staples Sel Sect | 0.27% | 581,674 | $47.1M | Add +2.6% |
| XLRE SS Real Estate Select Sector | 0.27% | 1,126,659 | $46.7M | Add +4.0% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.27% | 1,158,849 | $46.4M | Reduce -22.5% |
| OKE Oneok Inc. | 0.26% | 559,619 | $45.7M | Add +15.1% |
| XLE SS Energy Select Sector | 0.26% | 529,641 | $44.9M | Add +8.9% |
| V Visa Inc. Class A | 0.26% | 125,450 | $44.5M | Reduce -0.8% |
| GOOGL Alphabet Inc. Class A | 0.25% | 247,515 | $43.6M | Reduce -0.4% |
| AAPL Apple Inc. | 0.25% | 210,196 | $43.1M | Reduce -2.5% |
| OEF iShares S&P 100 ETF | 0.24% | 134,722 | $41.0M | Reduce -11.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 172,715 | $40.9M | Add +127.4% |
| URG Ur-Energy Inc. | 0.23% | 38,576,004 | $40.5M | Reduce -5.7% |
| HD Home Depot Inc. | 0.23% | 108,502 | $39.8M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 0.22% | 66,961 | $37.6M | Reduce -1.8% |
| JNJ Johnson & Johnson | 0.20% | 229,366 | $35.0M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 116,504 | $34.3M | Reduce -10.6% |
| TMUS T-Mobile US Inc. | 0.19% | 141,498 | $33.7M | Add +6.4% |
| T AT&T Inc. | 0.19% | 1,125,089 | $32.6M | Reduce -7.0% |
| VWO Vanguard Ftse Emerging Marke | 0.19% | 652,901 | $32.3M | Add +12.3% |
| LMT Lockheed Martin Corp. | 0.18% | 67,275 | $31.2M | Reduce -5.4% |
| ABBV Abbvie Inc. | 0.18% | 166,161 | $30.8M | Add +5.5% |
| PM Philip Morris International | 0.18% | 168,877 | $30.8M | Reduce -15.9% |
| VZ Verizon Communications Inc. | 0.17% | 700,142 | $30.3M | Reduce -1.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.17% | 305,539 | $29.5M | Reduce -1.1% |
| MO Altria Group Inc. | 0.17% | 501,686 | $29.4M | Reduce -3.5% |
| PAYX Paychex Inc. | 0.17% | 199,450 | $29.0M | Reduce -6.2% |
| BSV Vanguard Short-Term Bond ETF | 0.17% | 367,979 | $29.0M | Reduce -0.3% |
| AG First Majestic Silver Corp. | 0.16% | 3,451,831 | $28.5M | Add +1093.4% |
| IBN Icici Bank Ltd.-Spon ADR | 0.16% | 835,000 | $28.1M | No change |
| UPS United Parcel Service Class B | 0.16% | 276,167 | $27.9M | Add +11.2% |
| WMB Williams Cos Inc. | 0.16% | 439,569 | $27.6M | Add +3.4% |
| STX Seagate Technology Holdings | 0.16% | 188,619 | $27.2M | Reduce -32.4% |
| MRK Merck & Co. Inc. | 0.15% | 335,927 | $26.6M | Reduce -0.5% |
| KEY Keycorp | 0.15% | 1,501,526 | $26.2M | Reduce -2.5% |
| TFC Truist Financial Corp. | 0.15% | 602,956 | $25.9M | Add +1.2% |
| USB US Bancorp | 0.15% | 571,773 | $25.9M | Reduce -4.9% |
| SWKS Skyworks Solutions Inc. | 0.15% | 341,425 | $25.4M | Reduce -5.3% |
| SEIC Sei Investments Company | 0.14% | 276,449 | $24.8M | Reduce -0.7% |
| EVRG Evergy Inc. | 0.14% | 358,963 | $24.7M | Reduce -1.7% |
| PRU Prudential Financial Inc. | 0.14% | 228,247 | $24.5M | Add +2.5% |
| F Ford Motor Co. filed as FORD MTR CO | 0.14% | 2,252,988 | $24.4M | Reduce -9.3% |
| EHC Encompass Health Corp. | 0.14% | 199,115 | $24.4M | Reduce -0.7% |
| SWK Stanley Black & Decker Inc. | 0.14% | 360,116 | $24.4M | Add +20.7% |
| D Dominion Energy Inc. | 0.14% | 431,190 | $24.4M | Reduce -2.4% |
| OMC Omnicom Group | 0.14% | 338,179 | $24.3M | Add +13.2% |
| IJH iShares Core S&P Midcap ETF | 0.14% | 391,267 | $24.3M | Reduce -7.6% |
| HPQ HP Inc. | 0.14% | 985,674 | $24.1M | Add +15.9% |
| CVS CVS Health Corp. | 0.14% | 348,373 | $24.0M | Reduce -5.3% |
| EXC Exelon Corp. | 0.14% | 553,400 | $24.0M | Add +1.2% |
| LUV Southwest Airlines Co. | 0.14% | 740,518 | $24.0M | Reduce -2.7% |
| IP International Paper Co. | 0.14% | 512,098 | $24.0M | Add +9.0% |
| DRI Darden Restaurants Inc. | 0.14% | 110,011 | $24.0M | Reduce -16.5% |
| FE Firstenergy Corp. | 0.14% | 593,341 | $23.9M | Reduce -2.2% |
| ADM Archer-Daniels-Midland Co. | 0.14% | 451,871 | $23.8M | Reduce -11.8% |
| GPC Genuine Parts Co. | 0.14% | 196,308 | $23.8M | Reduce -0.9% |
| TRGP Targa Resources Corp. | 0.14% | 136,407 | $23.7M | Add +13.2% |
| AMCR Amcor PLC | 0.14% | 2,582,181 | $23.7M | Add +4.5% |
| LNG Cheniere Energy Inc. | 0.14% | 96,843 | $23.6M | Reduce -5.6% |
| PFE Pfizer Inc. | 0.14% | 971,469 | $23.5M | Add +1.9% |
| DTM DT Midstream Inc. | 0.14% | 214,240 | $23.5M | Reduce -7.9% |
| VTRS Viatris Inc. | 0.14% | 2,634,280 | $23.5M | Reduce -0.8% |
| GIS General Mills Inc. | 0.14% | 452,374 | $23.4M | Add +7.9% |
| XOM Exxon Mobil Corp. | 0.13% | 216,684 | $23.4M | Reduce -3.0% |
| ES Eversource Energy | 0.13% | 367,058 | $23.4M | Reduce -6.7% |
| KHC The Kraft Heinz Co. | 0.13% | 900,966 | $23.3M | Add +12.7% |
Portfolio Sells Q1 2025 → Q2 2025
| CQP Cheniere Energy Partners LP | Reduce -2.5% | 2.84% | −0.61 |
| ET Energy Transfer LP | Reduce -1.4% | 7.77% | −0.35 |
| USAC USA Compression Partners LP | Reduce -2.4% | 2.19% | −0.31 |
| SPH Suburban Propane Partners LP | Reduce -1.8% | 1.49% | −0.24 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Sold out | 0.00% | −0.19 |
| FNDA Schwab Fndmntl US SM Co. ETF | Sold out | 0.00% | −0.10 |
| GLP Global Partners LP | Reduce -2.5% | 1.66% | −0.07 |
| INFY Infosys Ltd.-SP ADR | Reduce -85.9% | 0.01% | −0.05 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -22.5% | 0.27% | −0.05 |
| DKL Delek Logistics Partners LP | Reduce -2.3% | 1.05% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -5.3% | 0.05% | −0.04 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −0.03 |
| AAPL Apple Inc. | Reduce -2.5% | 0.25% | −0.03 |
| MCD McDonald's Corp. | Reduce -2.3% | 0.29% | −0.03 |
| OGN Organon & Co. | Reduce -0.7% | 0.05% | −0.03 |
| CHE Chemed Corp. | Reduce -1.2% | 0.09% | −0.03 |
| DAR Darling Ingredients Inc. | Sold out | 0.00% | −0.02 |
| RHI Robert Half Inc. | Reduce -0.7% | 0.07% | −0.02 |
| XCEM Columbia Em Core Ex-China | Reduce -32.7% | 0.08% | −0.02 |
| PAYX Paychex Inc. | Reduce -6.2% | 0.17% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -0.5% | 0.15% | −0.02 |
| VRNA Verona Pharma Ltd. | Sold out | 0.00% | −0.02 |
| WU Western Union Co. | Reduce -0.8% | 0.08% | −0.02 |
| DRI Darden Restaurants Inc. | Reduce -16.5% | 0.14% | −0.02 |
| BND Vanguard Total Bond Market | Reduce -3.5% | 0.51% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 0.13% | −0.02 |
| G Genpact Ltd. | Reduce -0.7% | 0.11% | −0.02 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -60.7% | 0.01% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -1.0% | 0.29% | −0.01 |
| BBY Best Buy Co. Inc. | Reduce -0.1% | 0.13% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -3.3% | 0.12% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -0.5% | 0.10% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -1.2% | 0.17% | −0.01 |
| MO Altria Group Inc. | Reduce -3.5% | 0.17% | −0.01 |
| DLB Dolby Laboratories Inc. Class A | Reduce -0.7% | 0.11% | −0.01 |
| CRI Carter's Inc. | Reduce -0.7% | 0.03% | −0.01 |
| T AT&T Inc. | Reduce -7.0% | 0.19% | −0.01 |
| LUV Southwest Airlines Co. | Reduce -2.7% | 0.14% | −0.01 |
| RLI Rli Corp. | Reduce -0.7% | 0.07% | −0.01 |
| NAK Northern Dynasty Minerals | Sold out | 0.00% | −0.01 |
| ALKS Alkermes PLC | Reduce -23.2% | 0.01% | −0.01 |
| PM Philip Morris International | Reduce -15.9% | 0.18% | −0.01 |
| COLM Columbia Sportswear Co. | Reduce -0.7% | 0.03% | −0.01 |
| WEN The Wendy's Co. | Reduce -0.7% | 0.02% | −0.01 |
| ES Eversource Energy | Reduce -6.7% | 0.13% | −0.01 |
| ACN Accenture PLC Class A | Reduce -0.8% | 0.11% | −0.01 |
| AXSM Axsome Therapeutics Inc. | Reduce -18.0% | 0.02% | −0.01 |
| CVS CVS Health Corp. | Reduce -5.3% | 0.14% | −0.01 |
| AMSF Amerisafe Inc. | Reduce -0.7% | 0.03% | −0.01 |
| GNTX Gentex Corp. | Reduce -0.7% | 0.08% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| NXE Nexgen Energy Ltd. | Add +1.3% | 0.69% | +0.25 |
| IVV iShares Core S&P 500 ETF | Add +34.4% | 0.63% | +0.20 |
| UEC Uranium Energy Corp. | Add +2.6% | 0.63% | +0.20 |
| DNN Denison Mines Corp. | Add +3.8% | 0.63% | +0.19 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.7% | 0.87% | +0.17 |
| AG First Majestic Silver Corp. | Add +1093.4% | 0.16% | +0.15 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +127.4% | 0.24% | +0.14 |
| VEA Vanguard Ftse Developed ETF | Add +8.8% | 0.44% | +0.08 |
| RFDA Alps Dynamic US Dividend Adv | New | 0.08% | +0.08 |
| HMY Harmony Gold MNG-Spon ADR | Add +928.3% | 0.08% | +0.08 |
| RFFC Alps Active Equity Opportuni | New | 0.05% | +0.05 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +49.5% | 0.12% | +0.05 |
| PSLV Sprott Physical Silver Trust | Add +82.7% | 0.10% | +0.05 |
| RIGS Alps Strategic Income Fund | New | 0.04% | +0.04 |
| IDEV iShares Core MSCI Dev MKTS | New | 0.04% | +0.04 |
| EXK Endeavour Silver Corp. | Add +175.3% | 0.06% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.03% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Add +12.3% | 0.19% | +0.03 |
| AGG iShares Core U.S. Aggregate | New | 0.03% | +0.03 |
| USHY iShares Broad Usd High Yield | Add +41.4% | 0.08% | +0.02 |
| XLF SS Financial Select Sector | Add +2.9% | 0.28% | +0.02 |
| IDOG Alps International Sector Di | New | 0.02% | +0.02 |
| WPM Wheaton Precious Metals Corp. | Add +84.3% | 0.04% | +0.02 |
| OUSA Alps Oshares US Quality Divi | New | 0.02% | +0.02 |
| UROY Uranium Royalty Corp. | Add +10.5% | 0.05% | +0.02 |
| XLV SS Health Care Select Sector | Add +15.8% | 0.28% | +0.02 |
| AU Anglogold Ashanti PLC | Add +41.1% | 0.04% | +0.02 |
| NUVL Nuvalent Inc. Class A | New | 0.02% | +0.02 |
| BMI Badger Meter Inc. | Add +3.6% | 0.06% | +0.02 |
| PAAS Pan American Silver Corp. | Add +299.4% | 0.02% | +0.02 |
| SVM Silvercorp Metals Inc. | Add +92.1% | 0.03% | +0.02 |
| XLB SS Materials Select Sector | Add +4.1% | 0.28% | +0.01 |
| USAS Americas Gold and Silver Cor | Add +159.8% | 0.02% | +0.01 |
| CDE Coeur Mining Inc. | Add +33.4% | 0.03% | +0.01 |
| VZLA Vizsla Silver Corp. | Add +64.2% | 0.03% | +0.01 |
| APH Amphenol Corp. Class A | Add +6.2% | 0.04% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +2.2% | 0.27% | +0.01 |
| RFCI Alps Dynamic Core Income ETF | New | 0.01% | +0.01 |
| PCVX Vaxcyte Inc. | New | 0.01% | +0.01 |
| CYTK Cytokinetics Inc. | New | 0.01% | +0.01 |
| VGIT Vanguard Intermediate-Term T | Add +35.3% | 0.05% | +0.01 |
| MUX McEwen Inc. | Add +8.4% | 0.04% | +0.01 |
| WMB Williams Cos Inc. | Add +3.4% | 0.16% | +0.01 |
| KRYS Krystal Biotech Inc. | Add +809.5% | 0.01% | +0.01 |
| ACLX Arcellx Inc. | New | 0.01% | +0.01 |
| SA Seabridge Gold Inc. | Add +8.3% | 0.04% | +0.01 |
| LFUS Littelfuse Inc. | Add +3.0% | 0.07% | +0.01 |
| CTSH Cognizant Tech Solutions-A | Add +8.2% | 0.12% | +0.01 |
| FCX Freeport-McMoran Inc. | Add +6.0% | 0.06% | +0.01 |
| NG Novagold Resources Inc. | Add +8.4% | 0.03% | +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 |