ALPS ADVISORS INC
Long book
$21.25B
Q1 2026
Positions
1037
Top-10 weight
59%
concentration
Last quarter
+2.0%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsALPS ADVISORS INC is a mechanically diversified allocator, running a $21.25B US long book across 1037 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ENERGY TRANSFER LP, ENTERPRISE PRODUCTS PARTNERS, PLAINS ALL AMER PIPELINE LP, SUNOCO LP, WESTERN MIDSTREAM PARTNERS L.
Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.7%
Q2 2024
+3.1%
Q3 2024
+3.4%
Q4 2024
+7.1%
Q1 2025
-0.1%
Q2 2025
+3.4%
Q3 2025
+2.8%
Q4 2025
+13.1%
Q1 2026
+2.0%
Sector allocation
Energy 35%
Utilities 34%
Materials 11%
Consumer discretionary 5%
Technology 3%
Healthcare 2%
Financials 2%
Industrials 2%
Long book by quarter
What does ALPS ADVISORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ET ENERGY TRANSFER LP | Utilities | 86.0M | $1.66B | 7.8% | +2.5% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 43.5M | $1.65B | 7.7% | +2.1% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 73.1M | $1.63B | 7.7% | -3.9% |
| SUN SUNOCO LP | Energy | 24.7M | $1.60B | 7.5% | -0.7% |
| WES WESTERN MIDSTREAM PARTNERS L | Utilities | 38.6M | $1.59B | 7.5% | +10.2% |
| MPLX MPLX LP | Energy | 27.1M | $1.54B | 7.3% | +6201.9% |
| HESM HESS MIDSTREAM LP - CLASS A | Energy | 30.9M | $1.20B | 5.6% | +1.9% |
| CQP CHENIERE ENERGY PARTNERS LP | Utilities | 9.5M | $614.8M | 2.9% | +1.9% |
| USAC USA COMPRESSION PARTNERS LP | Utilities | 19.1M | $517.2M | 2.4% | +7.5% |
| CCJ CAMECO CORP | Materials | 4.3M | $471.4M | 2.2% | +9.9% |
| GEL GENESIS ENERGY L.P. | Energy | 25.9M | $462.3M | 2.2% | +4.1% |
| SPH SUBURBAN PROPANE PARTNERS LP | Consumer discretionary | 15.4M | $302.7M | 1.4% | +2.2% |
| NXE NEXGEN ENERGY LTD | Materials | 24.5M | $284.1M | 1.3% | +74.1% |
| GLP GLOBAL PARTNERS LP | Consumer discretionary | 6.0M | $254.5M | 1.2% | +0.7% |
| DKL DELEK LOGISTICS PARTNERS LP | Energy | 4.6M | $227.7M | 1.1% | +1.9% |
| AG FIRST MAJESTIC SILVER CORP | Materials | 10.3M | $221.6M | 1.0% | +7.2% |
| DNN DENISON MINES CORP | Materials | 46.0M | $162.4M | 0.8% | -3.9% |
| UUUU ENERGY FUELS INC | Materials | 8.3M | $151.5M | 0.7% | -1.0% |
| UEC URANIUM ENERGY CORP | Materials | 9.5M | $127.9M | 0.6% | -45.7% |
| FCX FREEPORT-MCMORAN INC | Materials | 1.6M | $95.0M | 0.4% | +110.8% |
| URG UR-ENERGY INC | Materials | 48.9M | $72.9M | 0.3% | +11.6% |
| NEM NEWMONT CORP | Materials | 573.6K | $62.1M | 0.3% | +1.8% |
| OKE ONEOK INC | Utilities | 669.0K | $60.5M | 0.3% | +0.2% |
| KMI KINDER MORGAN INC | Utilities | 1.7M | $58.0M | 0.3% | -7.9% |
| MRK MERCK & CO. INC. | Healthcare | 427.8K | $51.5M | 0.2% | -8.0% |
| ACN ACCENTURE PLC-CL A | Services media | 250.0K | $49.6M | 0.2% | +15.3% |
| SVM SILVERCORP METALS INC | Materials | 4.5M | $48.0M | 0.2% | +18.7% |
| EXK ENDEAVOUR SILVER CORP | Materials | 5.1M | $47.0M | 0.2% | +21.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 182.3K | $44.6M | 0.2% | -6.7% |
| GOOGL ALPHABET INC-CL A | Technology | 154.0K | $44.3M | 0.2% | -9.2% |
| CMCSA COMCAST CORP-CLASS A | Communications | 1.5M | $43.3M | 0.2% | -5.6% |
| AAPL APPLE INC | Technology | 167.1K | $42.4M | 0.2% | -5.8% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 321.5K | $42.1M | 0.2% | +7.3% |
| MSFT MICROSOFT CORP | Technology | 113.5K | $42.0M | 0.2% | -5.1% |
| TECK TECK RESOURCES LTD-CLS B | Materials | 797.7K | $41.3M | 0.2% | +115.3% |
| ALB ALBEMARLE CORP | Materials | 229.2K | $41.2M | 0.2% | +43.2% |
| CDE COEUR MINING INC | Materials | 2.2M | $41.0M | 0.2% | +147.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 211.0K | $41.0M | 0.2% | -3.1% |
| WMB WILLIAMS COS INC | Utilities | 519.3K | $37.8M | 0.2% | +8.0% |
| USAS AMERICAS GOLD AND SILVER COR | Materials | 6.9M | $35.9M | 0.2% | +17.2% |
| V VISA INC-CLASS A SHARES | Services media | 116.6K | $35.2M | 0.2% | -6.6% |
| MA MASTERCARD INC - A | Services media | 69.8K | $34.9M | 0.2% | New |
| VZ VERIZON COMMUNICATIONS INC | Communications | 692.4K | $34.8M | 0.2% | -15.2% |
| LNG CHENIERE ENERGY INC | Utilities | 120.6K | $34.2M | 0.2% | -5.4% |
| TRGP TARGA RESOURCES CORP | Utilities | 128.5K | $32.2M | 0.2% | -2.9% |
| TMUS T-MOBILE US INC | Communications | 151.8K | $31.9M | 0.2% | -5.6% |
| T AT&T INC | Communications | 1.1M | $31.8M | 0.1% | -5.3% |
| MO ALTRIA GROUP INC | Consumer staples | 478.1K | $31.6M | 0.1% | -8.7% |
| PAYX PAYCHEX INC | Services media | 339.4K | $31.3M | 0.1% | +22.9% |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 1.3M | $30.4M | 0.1% | +14.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 1059 | $21.25B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 1063 | $17.17B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 1067 | $17.96B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 1070 | $17.34B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 1028 | $17.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 1029 | $15.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 1033 | $14.94B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1012 | $14.57B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 1017 | $14.13B | canonical | SEC ↗ |
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