Alps Advisors Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Alps Advisors Inc. reported 1,008 stock positions worth $17.2 billion. Its top holding was Western Midstream Partners L (WES) at 8.1% of the portfolio, followed by Energy Transfer (ET, 8.1%) and Enterprise Products Partners (EPD, 8.0%). Compared with Q3 2025, it opened 73 new positions, sold out of 84, added to 564 and reduced 328. The biggest buy was Sunoco (SUN, shares +3%) and the biggest sale MPLX (MPLX, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- Denver, CO
- CIK
- 0001376113
- Portfolio Value
- $17.2B (Q4 2025)
- SEC Filing
- 0001398344-26-002827 ↗ filed Feb 12, 2026
Holdings Value
Holdings 1,008 stocks · $17.2B
| WES Western Midstream Partners L | 8.07% | 35,074,357 | $1.4B | Add +0.9% |
| ET Energy Transfer LP | 8.05% | 83,843,087 | $1.4B | Add +8.0% |
| EPD Enterprise Products Partners | 7.96% | 42,639,131 | $1.4B | Add +0.6% |
| PAA Plains All Amer Pipeline LP | 7.95% | 76,051,589 | $1.4B | Reduce -0.0% |
| SUN Sunoco LP | 7.59% | 24,856,265 | $1.3B | Add +3.2% |
| HESM Hess Midstream LP Class A | 6.09% | 30,303,091 | $1.0B | Add +3.4% |
| CQP Cheniere Energy Partners LP | 2.91% | 9,338,942 | $499.4M | Add +3.7% |
| USAC USA Compression Partners LP | 2.38% | 17,748,200 | $408.2M | Add +3.8% |
| GEL Genesis Energy L.P. | 2.26% | 24,909,448 | $388.6M | Add +3.7% |
| CCJ Cameco Corp. | 2.10% | 3,948,599 | $361.3M | Add +1.1% |
| SPH Suburban Propane Partners LP | 1.63% | 15,051,196 | $279.0M | Add +5.0% |
| GLP Global Partners LP | 1.46% | 5,999,844 | $251.1M | Add +4.9% |
| UEC Uranium Energy Corp. | 1.19% | 17,462,284 | $204.0M | Add +16.4% |
| DKL Delek Logistics Partners LP | 1.17% | 4,489,123 | $200.3M | Add +3.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.95% | 486,187 | $163.0M | Reduce -1.5% |
| AG First Majestic Silver Corp. | 0.93% | 9,621,720 | $160.3M | Add +33.6% |
| NXE Nexgen Energy Ltd. | 0.75% | 14,073,076 | $129.5M | Reduce -10.1% |
| PSLV Sprott Physical Silver Trust | 0.74% | 5,387,630 | $127.4M | Add +76.5% |
| DNN Denison Mines Corp. | 0.74% | 47,866,962 | $127.3M | Reduce -11.2% |
| UUUU Energy Fuels Inc. | 0.71% | 8,381,026 | $121.9M | Reduce -37.8% |
| IVV iShares Core S&P 500 ETF | 0.69% | 172,344 | $118.0M | Reduce -1.6% |
| BND Vanguard Total Bond Market | 0.55% | 1,277,079 | $94.6M | Add +5.1% |
| VEA Vanguard Ftse Developed ETF | 0.49% | 1,341,636 | $83.8M | Reduce -0.7% |
| URG Ur-Energy Inc. | 0.35% | 43,829,022 | $60.9M | Add +11.8% |
| ACN Accenture PLC Class A | 0.34% | 216,930 | $58.2M | Add +73.3% |
| MSFT Microsoft Corp. | 0.34% | 119,577 | $57.8M | Reduce -1.4% |
| NEM Newmont Corp. | 0.33% | 563,546 | $56.3M | Reduce -41.4% |
| XLE SS Energy Select Sector | 0.31% | 1,198,522 | $53.6M | Add +11.8% |
| XLC SS Comm Select Sector SPDR | 0.31% | 453,864 | $53.4M | Add +14.2% |
| GOOGL Alphabet Inc. Class A | 0.31% | 169,478 | $53.0M | Reduce -21.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.31% | 1,240,672 | $53.0M | Add +11.1% |
| XLRE SS Real Estate Select Sector | 0.31% | 1,311,427 | $52.9M | Add +15.7% |
| XLB SS Materials Select Sector | 0.31% | 1,165,709 | $52.9M | Add +11.6% |
| XLV SS Health Care Select Sector | 0.31% | 341,368 | $52.8M | Reduce -1.2% |
| XLF SS Financial Select Sector | 0.31% | 964,463 | $52.8M | Add +10.3% |
| XLK SS Technology Select Sector | 0.31% | 365,744 | $52.7M | Add +7.5% |
| XLI SS Industrial Select Sector | 0.31% | 339,299 | $52.6M | Add +9.5% |
| XLP SS Consumer Staples Sel Sect | 0.30% | 671,324 | $52.1M | Add +12.3% |
| XLY SS Consumer Disc Select Sect | 0.30% | 434,000 | $51.8M | Add +10.4% |
| KMI Kinder Morgan Inc. | 0.30% | 1,877,192 | $51.6M | Add +5.6% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.30% | 1,131,219 | $51.1M | Reduce -2.3% |
| OKE Oneok Inc. | 0.29% | 667,888 | $49.1M | Add +2.1% |
| MRK Merck & Co. Inc. | 0.29% | 465,114 | $49.0M | Add +118.2% |
| AAPL Apple Inc. | 0.28% | 177,497 | $48.3M | Reduce -15.3% |
| CMCSA Comcast Corp. Class A | 0.28% | 1,597,370 | $47.7M | Add +12.3% |
| AU Anglogold Ashanti PLC | 0.27% | 539,471 | $46.0M | Add +185.5% |
| OEF iShares S&P 100 ETF | 0.26% | 130,232 | $44.7M | Reduce -2.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 172,790 | $44.6M | Reduce -0.4% |
| V Visa Inc. Class A | 0.25% | 124,813 | $43.8M | Reduce -1.7% |
| JNJ Johnson & Johnson | 0.24% | 195,412 | $40.4M | Reduce -0.2% |
| EXK Endeavour Silver Corp. | 0.23% | 4,146,836 | $39.0M | Reduce -7.0% |
| FCX Freeport-McMoran Inc. | 0.23% | 766,713 | $38.9M | Add +146.4% |
| TXN Texas Instruments Inc. | 0.22% | 217,732 | $37.8M | Add +178.0% |
| WPM Wheaton Precious Metals Corp. | 0.21% | 299,660 | $35.2M | Add +115.5% |
| VWO Vanguard Ftse Emerging Marke | 0.20% | 650,426 | $35.0M | Reduce -0.3% |
| HD Home Depot Inc. | 0.19% | 96,800 | $33.3M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 0.19% | 816,669 | $33.3M | Add +7.2% |
| TMUS T-Mobile US Inc. | 0.19% | 160,857 | $32.7M | Add +20.1% |
| SVM Silvercorp Metals Inc. | 0.18% | 3,767,118 | $31.4M | Add +47.6% |
| VZLA Vizsla Silver Corp. | 0.18% | 5,733,091 | $31.4M | Add +69.1% |
| PAYX Paychex Inc. | 0.18% | 276,155 | $31.0M | Add +14.8% |
| BSV Vanguard Short-Term Bond ETF | 0.18% | 389,324 | $30.7M | Add +5.5% |
| MO Altria Group Inc. | 0.18% | 523,906 | $30.2M | Add +12.6% |
| USAS Americas Gold and Silver Cor | 0.17% | 5,872,547 | $30.0M | Add +62.9% |
| LMT Lockheed Martin Corp. | 0.17% | 60,087 | $29.1M | Add +0.3% |
| WMB Williams Cos Inc. | 0.17% | 480,955 | $28.9M | Add +5.1% |
| T AT&T Inc. | 0.17% | 1,160,430 | $28.8M | Add +18.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.17% | 276,778 | $28.3M | Add +2.5% |
| RGLD Royal Gold Inc. | 0.16% | 126,536 | $28.1M | Add +1.2% |
| BMY Bristol-Myers Squibb Co. | 0.16% | 520,826 | $28.1M | Reduce -9.2% |
| ABBV Abbvie Inc. | 0.16% | 121,688 | $27.8M | Reduce -0.1% |
| SNA Snap-on Inc. | 0.16% | 79,847 | $27.5M | Add +852.4% |
| EIX Edison International | 0.16% | 458,170 | $27.5M | Add +1836.2% |
| UPS United Parcel Service Class B | 0.16% | 273,463 | $27.1M | Reduce -13.4% |
| HPE Hewlett Packard Enterprise | 0.16% | 1,115,062 | $26.8M | Add +1639.3% |
| SBUX Starbucks Corp. | 0.16% | 317,097 | $26.7M | Add +1260.7% |
| FE Firstenergy Corp. | 0.15% | 592,645 | $26.5M | Add +2.2% |
| USB US Bancorp | 0.15% | 494,795 | $26.4M | Reduce -5.7% |
| EVRG Evergy Inc. | 0.15% | 362,375 | $26.3M | Add +1.4% |
| IJH iShares Core S&P Midcap ETF | 0.15% | 396,432 | $26.2M | Add +0.3% |
| SW Smurfit Westrock PLC | 0.15% | 674,538 | $26.1M | New |
| PFE Pfizer Inc. | 0.15% | 1,042,077 | $25.9M | Reduce -5.2% |
| ES Eversource Energy | 0.15% | 385,213 | $25.9M | Reduce -0.4% |
| D Dominion Energy Inc. | 0.15% | 442,421 | $25.9M | Add +4.6% |
| EOG EOG Resources Inc. | 0.15% | 244,425 | $25.7M | Add +1914.5% |
| IP International Paper Co. | 0.15% | 650,921 | $25.6M | Add +22.0% |
| CVX Chevron Corp. | 0.15% | 167,236 | $25.5M | Add +7.1% |
| CSCO Cisco Systems Inc. | 0.15% | 330,668 | $25.5M | Reduce -52.8% |
| GIS General Mills Inc. | 0.15% | 546,872 | $25.4M | Add +9.1% |
| AMCR Amcor PLC | 0.15% | 3,048,031 | $25.4M | Add +2.9% |
| KVUE Kenvue Inc. | 0.15% | 1,472,224 | $25.4M | Add +5815.4% |
| CTSH Cognizant Tech Solutions-A | 0.15% | 305,651 | $25.4M | Reduce -0.1% |
| DRI Darden Restaurants Inc. | 0.15% | 137,655 | $25.3M | Add +19.3% |
| TGT Target Corp. | 0.15% | 258,328 | $25.3M | New |
| OMC Omnicom Group | 0.15% | 312,604 | $25.2M | Reduce -1.6% |
| CVS CVS Health Corp. | 0.15% | 315,862 | $25.1M | Reduce -3.5% |
| KEY Keycorp | 0.15% | 1,214,169 | $25.1M | Reduce -5.7% |
| COP Conocophillips | 0.15% | 266,381 | $24.9M | Add +4149.2% |
| IBN Icici Bank Ltd.-Spon ADR | 0.14% | 835,000 | $24.9M | No change |
| KHC The Kraft Heinz Co. | 0.14% | 1,025,960 | $24.9M | Add +9.3% |
Portfolio Sells Q3 2025 → Q4 2025
| MPLX MPLX LP | Reduce -98.4% | 0.13% | −7.21 |
| UUUU Energy Fuels Inc. | Reduce -37.8% | 0.71% | −0.44 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.31 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.24 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.16 |
| SWKS Skyworks Solutions Inc. | Reduce -56.2% | 0.10% | −0.16 |
| IBM Intl Business Machines Corp. | Reduce -83.8% | 0.03% | −0.15 |
| PSX Phillips 66 | Sold out | 0.00% | −0.14 |
| EXC Exelon Corp. | Reduce -95.5% | 0.01% | −0.14 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -96.8% | 0.01% | −0.14 |
| VTRS Viatris Inc. | Sold out | 0.00% | −0.14 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.13 |
| PM Philip Morris International | Reduce -84.5% | 0.03% | −0.13 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.13 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.13 |
| NEM Newmont Corp. | Reduce -41.4% | 0.33% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -52.8% | 0.15% | −0.12 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.12 |
| MSA Msa Safety Inc. | Sold out | 0.00% | −0.09 |
| DNN Denison Mines Corp. | Reduce -11.2% | 0.74% | −0.08 |
| MUX McEwen Inc. | Sold out | 0.00% | −0.07 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.03 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.03 |
| NXE Nexgen Energy Ltd. | Reduce -10.1% | 0.75% | −0.03 |
| HD Home Depot Inc. | Reduce -0.5% | 0.19% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -91.3% | 0.00% | −0.03 |
| GNTX Gentex Corp. | Reduce -5.7% | 0.09% | −0.02 |
| EHC Encompass Health Corp. | Reduce -5.5% | 0.10% | −0.02 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.02 |
| RYTM Rhythm Pharmaceuticals Inc. | Sold out | 0.00% | −0.02 |
| HLI Houlihan Lokey Inc. | Reduce -5.0% | 0.09% | −0.02 |
| CYTK Cytokinetics Inc. | Sold out | 0.00% | −0.02 |
| HRB H&R Block Inc. | Reduce -5.5% | 0.10% | −0.02 |
| RNAM Avidity Biosciences Inc. | Sold out | 0.00% | −0.02 |
| AXSM Axsome Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -15.3% | 0.28% | −0.02 |
| NUVL Nuvalent Inc. Class A | Sold out | 0.00% | −0.01 |
| MTSR Metsera Inc. | Sold out | 0.00% | −0.01 |
| DLB Dolby Laboratories Inc. Class A | Reduce -5.9% | 0.10% | −0.01 |
| LCID Lucid Group Inc. | Reduce -3.4% | 0.01% | −0.01 |
| KRYS Krystal Biotech Inc. | Sold out | 0.00% | −0.01 |
| MSFT Microsoft Corp. | Reduce -1.4% | 0.34% | −0.01 |
| PTCT PTC Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| ARWR Arrowhead Pharmaceuticals Inc. | Sold out | 0.00% | −0.01 |
| PCVX Vaxcyte Inc. | Sold out | 0.00% | −0.01 |
| SNX TD Synnex Corp. | Reduce -5.8% | 0.11% | −0.01 |
| MTN Vail Resorts Inc. | Reduce -5.6% | 0.08% | −0.01 |
| AMSC American Superconductor Corp. | Reduce -6.2% | 0.01% | −0.01 |
| ACLX Arcellx Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SUN Sunoco LP | Add +3.2% | 7.59% | +0.88 |
| ET Energy Transfer LP | Add +8.0% | 8.05% | +0.63 |
| EPD Enterprise Products Partners | Add +0.6% | 7.96% | +0.58 |
| PSLV Sprott Physical Silver Trust | Add +76.5% | 0.74% | +0.48 |
| WES Western Midstream Partners L | Add +0.9% | 8.07% | +0.46 |
| HESM Hess Midstream LP Class A | Add +3.4% | 6.09% | +0.45 |
| AG First Majestic Silver Corp. | Add +33.6% | 0.93% | +0.44 |
| CCJ Cameco Corp. | Add +1.1% | 2.10% | +0.28 |
| CQP Cheniere Energy Partners LP | Add +3.7% | 2.91% | +0.21 |
| AU Anglogold Ashanti PLC | Add +185.5% | 0.27% | +0.19 |
| MRK Merck & Co. Inc. | Add +118.2% | 0.29% | +0.19 |
| ACN Accenture PLC Class A | Add +73.3% | 0.34% | +0.17 |
| FCX Freeport-McMoran Inc. | Add +146.4% | 0.23% | +0.16 |
| EIX Edison International | Add +1836.2% | 0.16% | +0.15 |
| SW Smurfit Westrock PLC | New | 0.15% | +0.15 |
| HPE Hewlett Packard Enterprise | Add +1639.3% | 0.16% | +0.15 |
| TGT Target Corp. | New | 0.15% | +0.15 |
| KVUE Kenvue Inc. | Add +5815.4% | 0.15% | +0.15 |
| SBUX Starbucks Corp. | Add +1260.7% | 0.16% | +0.14 |
| SNA Snap-on Inc. | Add +852.4% | 0.16% | +0.14 |
| LYB Lyondellbasell Indu Class A | New | 0.14% | +0.14 |
| COP Conocophillips | Add +4149.2% | 0.15% | +0.14 |
| EOG EOG Resources Inc. | Add +1914.5% | 0.15% | +0.14 |
| TXN Texas Instruments Inc. | Add +178.0% | 0.22% | +0.14 |
| WSO Watsco Inc. | New | 0.14% | +0.14 |
| MCHP Microchip Technology Inc. | New | 0.14% | +0.14 |
| SPH Suburban Propane Partners LP | Add +5.0% | 1.63% | +0.14 |
| WPM Wheaton Precious Metals Corp. | Add +115.5% | 0.21% | +0.12 |
| VZLA Vizsla Silver Corp. | Add +69.1% | 0.18% | +0.10 |
| USAS Americas Gold and Silver Cor | Add +62.9% | 0.17% | +0.10 |
| SVM Silvercorp Metals Inc. | Add +47.6% | 0.18% | +0.09 |
| USAC USA Compression Partners LP | Add +3.8% | 2.38% | +0.09 |
| UEC Uranium Energy Corp. | Add +16.4% | 1.19% | +0.07 |
| DKL Delek Logistics Partners LP | Add +3.8% | 1.17% | +0.07 |
| ALB Albemarle Corp. | Add +14.6% | 0.13% | +0.07 |
| TECK Teck Resources Ltd.-CLS B | Add +122.7% | 0.10% | +0.06 |
| XLC SS Comm Select Sector SPDR | Add +14.2% | 0.31% | +0.05 |
| BND Vanguard Total Bond Market | Add +5.1% | 0.55% | +0.05 |
| XLB SS Materials Select Sector | Add +11.6% | 0.31% | +0.05 |
| BG Bunge Global SA | New | 0.05% | +0.05 |
| XLE SS Energy Select Sector | Add +11.8% | 0.31% | +0.05 |
| XLF SS Financial Select Sector | Add +10.3% | 0.31% | +0.05 |
| XLP SS Consumer Staples Sel Sect | Add +12.3% | 0.30% | +0.04 |
| XLRE SS Real Estate Select Sector | Add +15.7% | 0.31% | +0.04 |
| PAAS Pan American Silver Corp. | Add +46.0% | 0.08% | +0.04 |
| XLI SS Industrial Select Sector | Add +9.5% | 0.31% | +0.04 |
| XLK SS Technology Select Sector | Add +7.5% | 0.31% | +0.04 |
| XLY SS Consumer Disc Select Sect | Add +10.4% | 0.30% | +0.04 |
| CB Chubb Ltd. | New | 0.04% | +0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +11.1% | 0.31% | +0.04 |
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 |