CIK: 0001376113
Total reported value
$21.3B
Reporting period: 2026-03-31 · Number of holdings: 1059
ALPS ADVISORS INC disclosed 1059 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $21.3B and a quarterly turnover rate of 27.9%.
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Alps Advisors INC's disclosed holdings carry a Herfindahl concentration index of 0.042 — mathematically equivalent to about 24 equally-sized positions, well below its 1059 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 6.49), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 63% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add MPLX
+6201.9% $1.5B
Add NXE
+74.1% $154.7M
Trim UEC
-45.7% -$76.0M
Trim WES
+10.2% $205.3M
Trim HESM
+1.9% $154.9M
Trim PAA
-3.9% $266.6M
ALPS ADVISORS is hunting Alpha via aggressive momentum-driven rotation inside energy infrastructure, dumping legacy MLP positions to pile into MPLX — a single-name bet now ballooning from 0.13% to 7.27% of the book — while tacking on a higher-octane uranium call option with NXE. This is not capital preservation or defensive posturing; it's a bet that energy momentum still has runway, and they're leveraging conviction sizing to ride it.
The 70% Energy weight telegraphs a regime bet that commodities remain structurally undersupplied and that inflation will prove sticky enough to keep midstream cash flows growing. Adding NXE at the margin prices in a parallel thesis: nuclear renaissance driven by AI/computing baseload demand, where uranium prices snap higher as structural deficits emerge. The opposing thesis is a global demand shock, a rapid clean-energy displacement that erodes the MLP thesis, or a tax/regulatory change that strips the pass-through advantage — any of which would vaporize the value and liquidity of this concentrated, momentum-chasing book.
The entire portfolio is built on a single macro wager wrapped in a hundred names — Energy ate 70% of assets, so the 1,037 holdings are a mirage of diversification. MPLX's weight explosion from a rounding error to top-tier exposure in one quarter betrays a lack of sizing discipline that leaves the desk staring straight at a liquidity trap if the MLP trade reverses. Factor crowding is acute: every top holding (MPLX, ET, EPD, PAA, WES, HESM) shares the same master-limited-partnership tax structure, interest-rate sensitivity, and commodity beta, so a consensus unwind would trigger a reflexive crash in the very names the strategy is doubling down on.
Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.
Showing top 200 holdings (of 1059 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | Stock-Energy | 7.81% | -0.24% | +2.52% | |
| 2 | EPD | Enterprise Products Partners | Stock-Energy | 7.75% | -0.21% | +2.07% | |
| 3 | PAA | Plains All Amer Pipeline LP | Stock-Energy | 7.68% | -0.27% | -3.87% | |
| 4 | SUN | Sunoco LP | Stock-Other | 7.54% | -0.05% | -0.74% | |
| 5 | WES | Western Midstream Partners L | Stock-Energy | 7.49% | -0.58% | +10.16% | |
| 6 | MPLX | Mplx LP | Stock-Energy | 7.27% | +7.14% | +6201.93% | |
| 7 | HESM | Hess Midstream LP - Class A | Stock-Other | 5.65% | -0.44% | +1.90% | |
| 8 | CQP | Cheniere Energy Partners LP | Stock-Other | 2.89% | -0.02% | +1.86% | |
| 9 | USAC | USA Compression Partners LP | Stock-Other | 2.43% | +0.05% | +7.46% | |
| 10 | CCJ | Cameco CORP | Stock-Energy | 2.22% | +0.12% | +9.91% | |
| 11 | GEL | Genesis Energy L.p. | Stock-Other | 2.18% | -0.08% | +4.08% | |
| 12 | SPH | Suburban Propane Partners LP | Stock-Other | 1.42% | -0.21% | +2.16% | |
| 13 | NXE | Nexgen Energy LTD | Stock-Other | 1.34% | +0.59% | +74.06% | |
| 14 | GLP | Global Partners LP | Stock-Other | 1.20% | — | +0.74% | |
| 15 | DKL | Delek Logistics Partners LP | Stock-Other | 1.07% | -0.10% | +1.93% | |
| 16 | AG | First Majestic Silver CORP | Stock-Materials | 1.04% | +0.11% | +7.23% | |
| 17 | DNN | Denison Mines CORP | Stock-Other | 0.76% | +0.02% | -3.87% | |
| 18 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.75% | — | +2.21% | |
| 19 | UUUU | Energy Fuels INC | Stock-Energy | 0.71% | — | -0.97% | |
| 20 | PSLV | Sprott Physical Silver Trust | Stock-Other | 0.71% | -0.03% | +14.20% | |
| 21 | UEC | Uranium Energy CORP | Stock-Energy | 0.60% | -0.59% | -45.74% | |
| 22 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.55% | — | +4.71% | |
| 23 | FCX | Freeport-mcmoran INC | Stock-Materials | 0.45% | +0.22% | +110.83% | |
| 24 | BND | Vanguard Total Bond Market | ETF-Other | 0.39% | -0.16% | -12.15% | |
| 25 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.35% | -0.14% | -13.67% | |
| 26 | URG | Ur-energy INC | Stock-Other | 0.34% | -0.01% | +11.57% | |
| 27 | NEM | Newmont CORP | Stock-Materials | 0.29% | — | +1.78% | |
| 28 | XLB | Ss Materials Select Sector | ETF-Other | 0.29% | — | +5.76% | |
| 29 | OKE | Oneok INC | Stock-Energy | 0.28% | -0.01% | +0.16% | |
| 30 | XLE | Ss Energy Select Sector | ETF-Other | 0.28% | — | -18.52% | |
| 31 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 0.28% | — | +4.55% | |
| 32 | XLY | Ss Consumer Disc Select Sect | ETF-Other | 0.28% | — | +23.86% | |
| 33 | XLV | Ss Health Care Select Sector | ETF-Other | 0.27% | — | +16.76% | |
| 34 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 0.27% | — | +6.13% | |
| 35 | XLRE | Ss Real Estate Select Sector | ETF-Other | 0.27% | — | +8.81% | |
| 36 | XLF | Ss Financial Select Sector | ETF-Other | 0.27% | — | +22.36% | |
| 37 | KMI | Kinder Morgan INC | Stock-Energy | 0.27% | — | -7.89% | |
| 38 | XLI | Ss Industrial Select Sector | ETF-Other | 0.27% | — | +5.58% | |
| 39 | FNDF | Schwab Fndmn Intl Lrg Co ETF | ETF-Other | 0.27% | — | +4.12% | |
| 40 | XLC | Ss Comm Select Sector Spdr | ETF-Other | 0.27% | — | +13.72% | |
| 41 | XLK | Ss Technology Select Sector | ETF-Tech | 0.27% | — | +17.05% | |
| 42 | EVTR | Eaton Vance Total Return | ETF-Other | 0.24% | +0.24% | NEW | |
| 43 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.24% | — | -8.03% | |
| 44 | ACN | Accenture plc | Stock-Tech | 0.23% | — | +15.26% | |
| 45 | SVM | Silvercorp Metals INC | Stock-Other | 0.23% | +0.05% | +18.66% | |
| 46 | EXK | Endeavour Silver CORP | Stock-Materials | 0.22% | — | +21.86% | |
| 47 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.21% | — | -6.71% | |
| 48 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.21% | — | -9.16% | |
| 49 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.20% | — | -5.63% | |
| 50 | AAPL | Apple INC | Stock-Tech | 0.20% | — | -5.85% |
Performance for Q3 2026
-2.4%
Performance Last 4 Quarters
+17.2%
Based on 56% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1059 | $21.3B | 28 | |
| 2025-12-31 | 1063 | $17.2B | 21 | |
| 2025-09-30 | 1067 | $18.0B | 20 | |
| 2025-06-30 | 1070 | $17.3B | 0 | |
| 2025-03-31 | 1028 | $17.2B | 100 | |
| 2024-12-31 | 1029 | $15.8B | 0 | |
| 2024-09-30 | 1033 | $14.9B | 0 | |
| 2024-06-30 | 1012 | $14.6B | 0 | |
| 2024-03-31 | 1017 | $14.1B | 0 | |
| 2023-12-31 | 1015 | $12.7B | 0 | |
| 2023-09-30 | 1045 | $12.0B | 0 | |
| 2023-06-30 | 1042 | $11.5B | 0 | |
| 2023-03-31 | 1071 | $11.3B | 0 | |
| 2022-12-31 | 1087 | $11.2B | 0 | |
| 2022-09-30 | 1126 | $10.6B | 0 | |
| 2022-06-30 | 1123 | $10.3B | 0 | |
| 2022-03-31 | 910 | $9.2B | 0 | |
| 2021-12-31 | 978 | $8.9B | 0 | |
| 2021-09-30 | 1006 | $10.4B | 0 | |
| 2021-06-30 | 996 | $11.3B | 100 | |
| 2021-03-31 | 949 | $10.2B | 24 | |
| 2020-12-31 | 936 | $8.9B | 39 | |
| 2020-09-30 | 916 | $6.8B | 27 | |
| 2020-06-30 | 875 | $7.5B | 26 | |
| 2020-03-31 | 890 | $6.5B | 73 | |
| 2019-12-31 | 934 | $12.8B | 18 | |
| 2019-09-30 | 931 | $12.8B | 24 | |
| 2019-06-30 | 892 | $13.5B | 10 | |
| 2019-03-31 | 893 | $14.1B | 25 | |
| 2018-12-31 | 886 | $12.9B | 42 | |
| 2018-09-30 | 960 | $15.2B | 22 | |
| 2018-06-30 | 941 | $15.3B | 26 | |
| 2018-03-31 | 867 | $12.6B | 20 | |
| 2017-12-31 | 841 | $14.4B | 23 | |
| 2017-09-30 | 775 | $14.1B | 22 | |
| 2017-06-30 | 768 | $14.3B | 26 | |
| 2017-03-31 | 729 | $14.5B | 13 | |
| 2016-12-31 | 716 | $13.6B | 21 | |
| 2016-09-30 | 677 | $12.3B | 15 | |
| 2016-06-30 | 611 | $11.3B | 22 | |
| 2016-03-31 | 619 | $9.7B | 27 | |
| 2015-12-31 | 684 | $10.2B | 100 | |
| 2015-09-30 | 667 | $9.5B | 100 | |
| 2015-06-30 | 680 | $11.7B | 14 | |
| 2015-03-31 | 662 | $12.2B | 35 | |
| 2014-12-31 | 584 | $12.7B | 36 | |
| 2014-09-30 | 606 | $12.9B | 16 | |
| 2014-06-30 | 589 | $11.6B | 26 | |
| 2014-03-31 | 606 | $10.2B | 15 | |
| 2013-12-31 | 592 | $9.9B | 18 | |
| 2013-09-30 | 642 | $8.9B | 12 | |
| 2013-06-30 | 223 | $8.1B | — |
Alps Advisors INC's most significant position changes for 2026-03-31: New buy: Eaton Vance Total Return (EVTR); New buy: Mastercard INC - A (MA); New buy: Mcdonald's CORP (MCD); New buy: Amcor plc (AMCR); Sold out: Amcor plc (AMCR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MPLX | Mplx LP | +7.1% | +6201.93% | Add |
| 2 | NXE | Nexgen Energy LTD | +0.6% | +74.06% | Add |
| 3 | FCX | Freeport-mcmoran INC | +0.2% | +110.83% | Add |
| 4 | CCJ | Cameco CORP | +0.1% | +9.91% | Add |
| 5 | AG | First Majestic Silver CORP | +0.1% | +7.23% | Add |
| 6 | CDE | Coeur Mining INC | +0.1% | +147.18% | Add |
| 7 | TECK | Teck Resources Ltd-cls B | +0.1% | +115.31% | Add |
| 8 | ALB | Albemarle CORP | +0.1% | +43.18% | Add |
| 9 | USAC | USA Compression Partners LP | +0.1% | +7.46% | Add |
| 10 | SVM | Silvercorp Metals INC | +0.1% | +18.66% | Add |
| 11 | SCCO | Southern Copper CORP | +0.1% | +103.56% | Add |
| 12 | HBM | Hudbay Minerals INC | 0% | +112.62% | Add |
| 13 | VG | Venture Global Inc-cl A | 0% | -2.65% | Trim |
| 14 | DNN | Denison Mines CORP | 0% | -3.87% | Trim |
| 15 | LNG | Cheniere Energy INC | 0% | -5.45% | Trim |
| 16 | UUUU | Energy Fuels INC | — | -0.97% | Trim |
| 17 | URG | Ur-energy INC | 0% | +11.57% | Add |
| 18 | OKE | Oneok INC | 0% | +0.16% | Add |
| 19 | CQP | Cheniere Energy Partners LP | 0% | +1.86% | Add |
| 20 | PSLV | Sprott Physical Silver Trust | 0% | +14.20% | Add |
| 21 | SUN | Sunoco LP | -0.1% | -0.74% | Trim |
| 22 | BNDX | Vanguard Total Intl Bond ETF | -0.1% | -81.44% | Trim |
| 23 | USHY | Ishares Broad Usd High Yield | -0.1% | -66.30% | Trim |
| 24 | GEL | Genesis Energy L.p. | -0.1% | +4.08% | Add |
| 25 | DKL | Delek Logistics Partners LP | -0.1% | +1.93% | Add |
| 26 | HMY | Harmony Gold Mng-spon Adr | -0.1% | -88.08% | Trim |
| 27 | BSV | Vanguard Short-term Bond ETF | -0.1% | -59.18% | Trim |
| 28 | MSFT | Microsoft CORP | -0.1% | -5.09% | Trim |
| 29 | VEA | Vanguard Ftse Developed ETF | -0.1% | -13.67% | Trim |
| 30 | RGLD | Royal Gold INC | -0.2% | -90.93% | Trim |
| 31 | BND | Vanguard Total Bond Market | -0.2% | -12.15% | Trim |
| 32 | AU | AngloGold Ashanti plc | -0.2% | -63.83% | Trim |
| 33 | EPD | Enterprise Products Partners | -0.2% | +2.07% | Add |
| 34 | SPH | Suburban Propane Partners LP | -0.2% | +2.16% | Add |
| 35 | ET | Energy Transfer LP | -0.2% | +2.52% | Add |
| 36 | PAA | Plains All Amer Pipeline LP | -0.3% | -3.87% | Trim |
| 37 | HESM | Hess Midstream LP - Class A | -0.4% | +1.90% | Add |
| 38 | WES | Western Midstream Partners L | -0.6% | +10.16% | Add |
| 39 | UEC | Uranium Energy CORP | -0.6% | -45.74% | Trim |
| 40 | EVTR | Eaton Vance Total Return | — | NEW | New buy |
| 41 | MA | Mastercard INC - A | — | NEW | New buy |
| 42 | MCD | Mcdonald's CORP | — | NEW | New buy |
| 43 | AMCR | Amcor plc | — | NEW | New buy |
| 44 | AMCR | Amcor plc | — | EXIT | Sold out |
| 45 | EMXC | Ishares Msci Emr Mrk Ex Chna | — | NEW | New buy |
| 46 | MRSH | Marsh & Mclennan Cos | — | NEW | New buy |
| 47 | JCPB | Jpmorgan Core Plus Bond ETF | — | NEW | New buy |
| 48 | XCEM | Columbia Em Core Ex-china | — | EXIT | Sold out |
| 49 | NG | Novagold Resources INC | — | EXIT | Sold out |
| 50 | MSA | Msa Safety INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-08 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-05 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-11 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-30 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-13 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-13 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-14 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-10 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | Amendment | View on EDGAR |
| 2022-06-30 | 2022-08-11 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-09 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-11 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-07 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-03 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-05 | Amendment | View on EDGAR |
| 2020-09-30 | 2020-11-04 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-05 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-06 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-07 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-04 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-07 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-01 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-04 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-25 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-02 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-07-31 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-07-25 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-01 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-20 | Amendment | View on EDGAR |
| 2017-12-31 | 2018-02-05 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-03 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-03 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-24 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-02 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-27 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-10 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-05 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-12 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-12-18 | Amendment | View on EDGAR |
| 2014-09-30 | 2014-11-24 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-20 | Amendment | View on EDGAR |
| 2014-06-30 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-11 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-13 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-02 | 13F-HR | View on EDGAR |
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