In this piece, we will take a look at the five largest MLPs. For more MLPs, head on over to MLP Stocks List: 25 Largest MLPs.
5. Icahn Enterprises L.P. (NASDAQ:IEP)
Latest Market Capitalization: $18.64 billion
Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified firm with stakes in fashion, real estate, and other industries. These include energy, car part distribution, and meat product preparation. The partnership is incorporated in Sunny Isles Beach, Florida.
Three of the 943 hedge funds part of Insider Monkey’s database had held a stake in Icahn Enterprises L.P. (NASDAQ:IEP) during last year’s fourth quarter. Its largest investor is Carl Icahn’s Icahn Capital LP with a $15 million stake.
Follow Icahn Enterprises L.p. (NASDAQ:IEP)
Follow Icahn Enterprises L.p. (NASDAQ:IEP)
4. Cheniere Energy Partners, L.P. (NYSE:CQP)
Latest Market Capitalization: $22.5 billion
Cheniere Energy Partners, L.P. (NYSE:CQP) is a liquefied natural gas company headquartered in Houston, Texas. The firm operates natural gas liquefication and regasification plants, and it sells LNG all over the world.
By the end of last year’s fourth quarter, four of the 943 hedge funds surveyed by Insider Monkey had held a stake in Cheniere Energy Partners, L.P. (NYSE:CQP). The partnership’s largest investor in our database is Jonathan Dawson’s Southport Management which owns 19.409 units that are worth $1.1 million.
Follow Cheniere Energy Partners L.p. (NYSEMKT:CQP)
Follow Cheniere Energy Partners L.p. (NYSEMKT:CQP)
3. MPLX LP (NYSE:MPLX)
Latest Market Capitalization: $34.5 billion
MPLX LP (NYSE:MPLX) gathers, stores, and distributes natural gas and crude oil. Additionally, it also operates rail and storage facilities as well as boats and barges. The firm is based in Findlay, Ohio.
Insider Monkey’s fourth quarter of 2022 survey of 943 hedge funds revealed that seven had bought the partnership’s units. MPLX LP (NYSE:MPLX)’s largest investor is Henry Breck’s Heronetta Management since it owns 460,533 units that are worth $15 million.
Follow Mplx Lp (NYSE:MPLX)
Follow Mplx Lp (NYSE:MPLX)
2. Energy Transfer LP (NYSE:ET)
Latest Market Capitalization: $39.7 billion
Energy Transfer LP (NYSE:ET) is headquartered in Dallas, Texas. The firm has tens of thousands of miles of natural gas pipelines and thousands of miles of natural gas liquid pipelines. It transports and markets crude oil as well as sells gasoline.
Insider Monkey dug through 943 hedge funds to take a look at their December quarter of 2022 investments and found out that 38 had bought a stake in Energy Transfer LP (NYSE:ET). The partnership’s largest investor is David Abrams’ Abrams Capital Management with a $211 million stake that comes via 17.8 million units.
Follow Energy Transfer Lp (NYSE:ET)
Follow Energy Transfer Lp (NYSE:ET)
1. Enterprise Products Partners L.P. (NYSE:EPD)
Latest Market Capitalization: $58.7 billion
Enterprise Products Partners L.P. (NYSE:EPD) is a midstream oil and gas company headquartered in Houston, Texas. The firm deals with all kinds of petroleum products, such as natural gas liquids, crude oil, natural gas, and others.
By the end of Q4 2022, 24 out of the 943 hedge funds part of Insider Monkey’s database had invested in the partnership. Out of these, Enterprise Products Partners L.P. (NYSE:EPD)’s largest stakeholder is Bruce Berkowitz’s Fairholme (FAIRX) since it owns 4.1 million units that are worth $99 million.
Follow Enterprise Products Partners L.p. (NYSE:EPD)
Follow Enterprise Products Partners L.p. (NYSE:EPD)
Disclosure: None. You can also take a look at 25 Highest Paying Jobs in the World and 10 High Growth AI Stocks to Buy.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
