13FPulse
中
WM

WMB WILLIAMS COS INC

2026Q2 · CUSIP 969457100 · Sector: Energy

Exiting + falling

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

Funds that own it
1,795
Institutions that reported holding it to the SEC
Net decrease in holders
21
Last quarter 1,816 → now 1,795
How unusual is that
Bottom 20%
Stronger than only 6% of US stocks
What the filings say, in one paragraph

1,795 funds held WMB at the end of 2026Q2, down 21 from the quarter before. Buying is stronger than only 6.3% 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 $12.2B(YoY +8.7%), the P/E is 29.9x, return on equity is 23.3%. WMB has had 27 buying rushes in its history, and the price moved +6.2% 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=635 2013Q4: holders=667 2014Q1: holders=713 2014Q2: holders=784 2014Q3: holders=780 2014Q4: holders=808 2015Q1: holders=796 2015Q2: holders=848 2015Q3: holders=785 2015Q4: holders=692 2016Q1: holders=607 2016Q2: holders=617 2016Q3: holders=646 2016Q4: holders=703 2017Q1: holders=700 2017Q2: holders=704 2017Q3: holders=703 2017Q4: holders=731 2018Q1: holders=724 2018Q2: holders=729 2018Q3: holders=836 2018Q4: holders=792 2019Q1: holders=832 2019Q2: holders=835 2019Q3: holders=821 2019Q4: holders=840 2020Q1: holders=791 2020Q2: holders=784 2020Q3: holders=807 2020Q4: holders=867 2021Q1: holders=895 2021Q2: holders=950 2021Q3: holders=969 2021Q4: holders=1031 2022Q1: holders=1101 2022Q2: holders=1121 2022Q3: holders=1100 2022Q4: holders=1148 2023Q1: holders=1136 2023Q2: holders=1141 2023Q3: holders=1146 2023Q4: holders=1230 2024Q1: holders=1244 2024Q2: holders=1309 2024Q3: holders=1343 2024Q4: holders=1520 2025Q1: holders=1567 2025Q2: holders=1630 2025Q3: holders=1609 2025Q4: holders=1701 2026Q1: holders=1816 2026Q2: holders=1795 -177 -88.5 +0 +88.5 +177 54612271907 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 27 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 5% -5.6% —
2025Q4 Top 5% +3.3% +8.7%
2025Q2 Top 5% +14.3% +8.8%
2025Q1 Top 5% +0.7% -2.6%
2024Q4 Top 5% +9.1% +4.1%
2024Q3 Top 10% -2.7% +0.1%
2024Q2 Top 5% +9.1% +27.3%
2023Q4 Top 5% +15.5% +21.9%

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
352
Change in large funds
+30
Total value they hold
$81.3B
Funds buying for the first time
157
Funds that sold out entirely
178
Price change that quarter
-2.5%
Funds holding puts (bearish)
27
Funds holding calls (bullish)
34

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)
29.9
EPS (TTM)
$2.51
EPS YoY
+26.8%
Revenue (TTM)
$12.2B
Revenue YoY
+8.7%
Net margin
25.2%
ROE
23.3%
Debt ratio
78.2%
FCF (TTM)
-$108M
Dividend (TTM)
$2.05
Quarterly Revenue & EPS
2021-09-30: EPS 0.13 2021-12-31: EPS 0.51 2022-03-31: EPS 0.31 2022-06-30: EPS 0.33 2022-09-30: EPS 0.49 2022-12-31: EPS 0.54 2023-03-31: EPS 0.76 2023-06-30: EPS 0.38 2023-09-30: EPS 0.54 2023-12-31: EPS 0.92 2024-03-31: EPS 0.52 2024-06-30: EPS 0.33 2024-09-30: EPS 0.58 2024-12-31: EPS 0.39 2025-03-31: EPS 0.56 2025-06-30: EPS 0.45 2025-09-30: EPS 0.53 2025-12-31: EPS 0.60 2026-03-31: EPS 0.70 2026-06-30: EPS 0.68 0B 1.6B 3.3B $B 0.00 0.51 1.01 20212022202320242025202606/26 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 23 11 23 35 20222023202420252026

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
-379M382M1.1B 20162017201820192020202120222023202420252026
Latest quarter $244M (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)

Email me the next update

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