13FPulse
KM

KMI KINDER MORGAN INC

2026Q2 · CUSIP 49456B101 · Sector: Energy

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
1,772
Institutions that reported holding it to the SEC
Net decrease in holders
43
Last quarter 1,815 → now 1,772
How unusual is that
Bottom 20%
Stronger than only 3% of US stocks
What the filings say, in one paragraph

1,772 funds held KMI at the end of 2026Q2, down 43 from the quarter before. Buying is stronger than only 2.7% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. On the business itself, revenue over the last 12 months was $18.0B(YoY +12.5%), the P/E is 20.5x, return on equity is 11.0%. KMI has had 29 buying rushes in its history, and the price moved +3.9% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Energy sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=582 2013Q4: holders=610 2014Q1: holders=646 2014Q2: holders=651 2014Q3: holders=732 2014Q4: holders=1113 2015Q1: holders=1135 2015Q2: holders=1152 2015Q3: holders=1101 2015Q4: holders=981 2016Q1: holders=965 2016Q2: holders=942 2016Q3: holders=974 2016Q4: holders=1010 2017Q1: holders=985 2017Q2: holders=956 2017Q3: holders=927 2017Q4: holders=978 2018Q1: holders=1000 2018Q2: holders=977 2018Q3: holders=1019 2018Q4: holders=1050 2019Q1: holders=1048 2019Q2: holders=1074 2019Q3: holders=1071 2019Q4: holders=1122 2020Q1: holders=1085 2020Q2: holders=1062 2020Q3: holders=1049 2020Q4: holders=1104 2021Q1: holders=1103 2021Q2: holders=1138 2021Q3: holders=1171 2021Q4: holders=1249 2022Q1: holders=1269 2022Q2: holders=1275 2022Q3: holders=1264 2022Q4: holders=1300 2023Q1: holders=1286 2023Q2: holders=1285 2023Q3: holders=1317 2023Q4: holders=1365 2024Q1: holders=1353 2024Q2: holders=1371 2024Q3: holders=1399 2024Q4: holders=1579 2025Q1: holders=1620 2025Q2: holders=1651 2025Q3: holders=1658 2025Q4: holders=1717 2026Q1: holders=1815 2026Q2: holders=1772 -381 -190.5 +0 +190.5 +381 52312151906 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 29 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 5%
2025Q4 Top 10% +4.2%
2025Q2 Top 10% +5.7% +25.7%
2025Q1 Top 5% -4.7% -0.9%
2024Q4 Top 5% +7.0% +0.9%
2024Q3 Top 20% -3.9% +0.5%
2024Q2 Top 20% +28.4% +30.4%
2023Q4 Top 20% +16.9% +28.5%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
333
Change in large funds
+24
Total value they hold
$49.0B
Funds buying for the first time
139
Funds that sold out entirely
182
Price change that quarter
-5.4%
Funds holding puts (bearish)
28
Funds holding calls (bullish)
29

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
20.5
EPS (TTM)
$1.56
EPS YoY
+27.9%
Revenue (TTM)
$18.0B
Revenue YoY
+12.5%
Net margin
19.3%
ROE
11.0%
Debt ratio
55.6%
FCF (TTM)
$3.2B
Dividend (TTM)
$1.18
Quarterly Revenue & EPS
2022-09-30: EPS 0.25 2022-12-31: EPS 0.30 2023-03-31: EPS 0.30 2023-06-30: EPS 0.26 2023-09-30: EPS 0.24 2023-12-31: EPS 0.26 2024-03-31: EPS 0.33 2024-06-30: EPS 0.26 2024-09-30: EPS 0.28 2024-12-31: EPS 0.30 2025-03-31: EPS 0.32 2025-06-30: EPS 0.32 2025-09-30: EPS 0.28 2025-12-31: EPS 0.45 2026-03-31: EPS 0.44 2026-06-30: EPS 0.39 0B 2.6B 5.2B $B 0.00 0.25 0.50 2022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 21 12 18 25 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
0K847M1.7B 20162017201820192020202120222023202420252026
Latest quarter $687M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.