Patient Capital Management, LLC — ENERGY TRANSFER L P ET: Quarterly 13F Position History
Patient Capital Management, LLC has reported ENERGY TRANSFER L P (ET) on 18 13F-HR filings in Pactolio's tracked window, first appearing in Q4 2021. As of Q1 2026, the position is sized at 6,088,203 shares ($117.5M market value, 4.38% of the equity book). Quarter-over-quarter share count change: + 815,328 (+15.5%) .
- 6,088,203Shares Held (Latest Filing)
- $117.5MReported Market Value (Latest Filing)
- 4.38%Portfolio Weight (% of 13F Equity Book)
- +815,328Quarter-over-Quarter Share Change
- +$30.6MQuarter-over-Quarter Value Change
- 6,088,203Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 18 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 6,088,203 | +815,328 | +15.5% | $117.5M | 4.38% | $19.30 |
| Q4 2025 | 5,272,875 | +384,737 | +7.9% | $86.9M | 3.36% | $16.49 |
| Q3 2025 | 4,888,138 | +811,782 | +19.9% | $83.9M | 3.36% | $17.16 |
| Q2 2025 | 4,076,356 | 807,407 | -16.5% | $73.9M | 3.34% | $18.13 |
| Q1 2025 | 4,883,763 | 208,119 | -4.1% | $90.8M | 4.67% | $18.59 |
| Q4 2024 | 5,091,882 | 204,948 | -3.9% | $99.7M | 4.60% | $19.59 |
| Q3 2024 | 5,296,830 | 63,827 | -1.2% | $85.0M | 4.17% | $16.05 |
| Q2 2024 | 5,360,657 | 317,572 | -5.6% | $86.9M | 4.62% | $16.22 |
| Q1 2024 | 5,678,229 | +67,312 | +1.2% | $89.3M | 4.35% | $15.73 |
| Q4 2023 | 5,610,917 | 4,986 | -0.1% | $77.4M | 4.10% | $13.80 |
| Q3 2023 | 5,615,903 | 28,596 | -0.5% | $78.8M | 4.62% | $14.03 |
| Q2 2023 | 5,644,499 | +4,904,699 | +663.0% | $71.7M | 3.99% | $12.70 |
| Q1 2023 | 739,800 | 0 | — | $9.2M | 4.11% | $12.47 |
| Q4 2022 | 739,800 | 21,600 | -2.8% | $8.8M | 4.30% | $11.87 |
| Q3 2022 | 761,400 | 0 | — | $8.4M | 4.26% | $11.03 |
| Q2 2022 | 761,400 | +152,000 | +24.9% | $7.6M | 3.70% | $9.98 |
| Q1 2022 | 609,400 | 87,600 | -12.6% | $6.8M | 2.68% | $11.19 |
| Q4 2021 | 697,000 | — | — | $5.7M | 2.32% | $8.23 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Patient Capital Management, LLC first disclose a ET position in 13F-HR filings?
Patient Capital Management, LLC first reported ENERGY TRANSFER L P (ET) on its 13F-HR filing for the period ending 2021-12-31 (Q4 2021). The position has appeared on 18 reported quarters within Pactolio's tracked window.
What was Patient Capital Management, LLC's most recent quarter-over-quarter share-count change in ET?
Between Q4 2025 and Q1 2026, Patient Capital Management, LLC added 815,328 shares of ET (+15.5%), bringing the total reported position to 6,088,203 shares at a market value of $117.5M.
Does the implied price-per-share represent Patient Capital Management, LLC's cost basis in ET?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.