Was Whetstone Capital Advisors Right to Bet on Energy Transfer Equity, L.P. (ETE) & Other Energy Stocks?

Let’s move on to Williams Companies, Inc. (NYSE:WMB), in which Whetstone cut its stake by 17% to 731,354 shares during the second quarter; the stake was valued at $15.82 million at the end of June. During the third quarter, Williams’ stock surged by 43.1%, having a positive impact on the returns of 58 funds tracked by Insider Monkey, which held shares of the company. More specifically, Corvex Capital was the largest shareholder of Williams Companies, Inc. (NYSE:WMB), with a stake worth $901.6 million reported as of the end of June. Trailing Corvex Capital was Soroban Capital Partners, which amassed a stake valued at $454.2 million. Highfields Capital Management, Steadfast Capital Management, and Millennium Management also held valuable positions in the company.

Columbia Pipeline Partners LP (NYSE:CPPL) represented a new position in Whetstone’s equity portfolio at the end of June, as the fund had acquired 368,788 shares worth $5.53 million. In the following three months, the investor saw the stock gain 9.2%. Including Whetstone, 10 funds from our database were bullish on Columbia Pipeline Partners, up by 11% over the quarter.  Among these funds, Magnetar Capital held the most valuable stake in Columbia Pipeline Partners LP (NYSE:CPPL), which was worth $36.5 million at the end of the second quarter. On the second spot was MSDC Management, which amassed $10.2 million worth of shares. Moreover, Whetstone Capital Advisors, Renaissance Technologies, and Millennium Management were also bullish on Columbia Pipeline Partners LP (NYSE:CPPL).

Disclosure: none