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Zimmer Partners, LP

Q3 2025 · Filed 2025-11-14
Market Value
$3.8B
-5.5%
Holdings
169
-9
New Purchases
35
Added To
34
Closed
48
Reduced
46
Top 10 Concentration
47.8%
Turnover
49.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NI 6.64% 0.27% +6.37% $255M
KMI 4.48% 1.58% +2.89% $172M
IDA 1.85% 0.00% +1.85% $71M
VNOM 1.83% 0.00% +1.83% $70M
BKH 1.76% 0.07% +1.70% $68M
ADT 1.83% 0.64% +1.20% $70M
LTM 0.97% 0.00% +0.97% $37M
CTRE 1.43% 0.50% +0.94% $55M
CNM 0.90% 0.00% +0.90% $35M
CMS 1.33% 0.52% +0.81% $51M
RIG 0.79% 0.00% +0.79% $30M
NEE 1.06% 0.39% +0.67% $41M
QXO 0.90% 0.23% +0.67% $34M
TDG 1.30% 0.70% +0.60% $50M
KVUE 0.58% 0.00% +0.58% $22M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AEP 2.63% 6.53% -3.90% $101M
EVRG 0.00% 1.59% -1.59% $0
RYAN 0.53% 2.11% -1.58% $20M
CHWY 0.08% 1.57% -1.49% $3M
ETR 0.00% 1.43% -1.43% $0
KTOS 0.00% 1.40% -1.40% $0
SRE 2.01% 3.20% -1.20% $77M
ZWS 0.00% 1.08% -1.08% $0
CNP 2.74% 3.77% -1.02% $105M
HE 0.00% 1.00% -1.00% $0
KGS 2.82% 3.62% -0.80% $108M
CRH.L 0.12% 0.91% -0.78% $5M
WMS 0.00% 0.76% -0.76% $0
PNW 0.35% 1.10% -0.75% $13M
FANG 0.00% 0.68% -0.68% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $78M 2.0%
Large Cap 76 $2.5B 65.0%
Mid Cap 61 $1.1B 28.3%
Small Cap 20 $146M 3.8%
Micro Cap 5 $34M 0.9%

Portfolio Analytics

Avg Market Cap
$58.6B
Median Market Cap
$9.7B
Avg P/E
38.1
Median P/E
24.2
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
167
# ETFs / Funds
2

Top Holdings (169 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ES 6.95% 3,752,300 $267M $71.14 -$11M -619,400 -14.2%
2 NI 6.64% 5,886,983 $255M $43.30 $244M +5,611,983 +2040.7%
3 TRGP 5.79% 1,326,850 $222M $167.54 $5M +80,627 +6.5%
4 XEL 5.15% 2,451,000 $198M $80.65 -$35M -968,300 -28.3%
5 WELL 5.13% 1,106,245 $197M $178.14 $5M -141,500 -11.3%
6 TXNM 4.99% 3,389,018 $192M $56.55 -$9M -225,985 -6.2%
7 KMI 4.48% 6,070,100 $172M $28.31 $108M +3,885,000 +177.8%
8 PCG 3.11% 7,911,027 $119M $15.08 -$24M -2,376,444 -23.1%
9 KGS 2.82% 2,931,704 $108M $36.97 -$39M -1,362,648 -31.7%
10 CNP 2.74% 2,715,300 $105M $38.80 -$48M -1,450,500 -34.8%
11 AEP 2.63% 897,134 $101M $112.50 -$164M -1,656,798 -64.9%
12 AEE 2.04% 749,345 $78M $104.38 $6M -6,000 -0.8%
13 SRE 2.01% 855,800 $77M $89.98 -$53M -860,116 -50.1%
14 IDA 1.85% 537,500 $71M $132.15 +537,500 NEW
15 ADT 1.83% 8,077,811 $70M $8.71 $45M +5,026,754 +164.8%
16 VNOM 1.83% 1,840,000 $70M $38.22 +1,840,000 NEW
17 BKH 1.76% 1,100,020 $68M $61.59 $65M +1,050,020 +2100.0%
18 KD 1.74% 2,227,904 $67M $30.03 -$15M +278,247 +14.3%
19 SWX 1.58% 772,815 $61M $78.34 -$7M -132,517 -14.6%
20 ETN 1.51% 154,900 $58M $374.25 $585K -5,850 -3.6%
21 DUK 1.47% 456,529 $56M $123.75 -$31M -281,900 -38.2%
22 CTRE 1.43% 1,588,130 $55M $34.68 $35M +928,688 +140.8%
23 PRMB 1.40% 2,439,062 $54M $22.10 -$16M +89,631 +3.8%
24 CMS 1.33% 694,400 $51M $73.26 $30M +392,262 +129.8%
25 TDG 1.30% 38,000 $50M $1,318.02 $22M +19,300 +103.2%
26 NEE 1.06% 538,002 $41M $75.49 $25M +309,600 +135.6%
27 LTM 0.97% 825,000 $37M $45.25 +825,000 NEW
28 LLY 0.96% 48,300 $37M $763.00 -$2M -2,107 -4.2%
29 CWST 0.91% 370,000 $35M $94.88 $18M +221,500 +149.2%
30 CNM 0.90% 645,000 $35M $53.83 +645,000 NEW
31 QXO 0.90% 1,810,000 $34M $19.06 $25M +1,372,500 +313.7%
32 AZO 0.84% 7,500 $32M $4,290.24 -$5M -2,500 -25.0%
33 SMA 0.84% 852,665 $32M $37.64 $2M +14,056 +1.7%
34 RIG 0.79% 9,699,252 $30M $3.12 +9,699,252 NEW
35 SARO 0.71% 1,000,000 $27M $27.29 $14M +565,000 +129.9%
36 PH 0.69% 35,000 $27M $758.15 -$6M -10,980 -23.9%
37 JRVR 0.66% 4,591,638 $25M $5.55 $8M +1,605,828 +53.8%
38 SNCY 0.64% 2,095,900 $25M $11.81 -$1M -130,000 -5.8%
39 YORW 0.60% 757,623 $23M $30.42 -$894K
40 KVUE 0.58% 1,369,800 $22M $16.23 +1,369,800 NEW
41 WM 0.58% 100,000 $22M $220.83 -$5M -20,000 -16.7%
42 HESM 0.55% 607,500 $21M $34.55 -$14M -295,300 -32.7%
43 APD 0.53% 75,000 $20M $272.72 $2M +9,000 +13.6%
44 RYAN 0.53% 360,000 $20M $56.36 -$65M -898,123 -71.4%
45 SOLV 0.52% 275,000 $20M $73.00 +275,000 NEW
46 LGN 0.48% 600,000 $18M $30.81 +600,000 NEW
47 TTAM 0.45% 1,156,229 $17M $14.94 -$11M -1,080,243 -48.3%
48 PWR 0.43% 40,000 $17M $414.42 -$6M -20,500 -33.9%
49 GE 0.43% 55,000 $17M $300.82 -$4M -25,000 -31.2%
50 FVR 0.40% 1,118,408 $15M $13.71 $2M
51 CTRI 0.39% 711,500 $15M $21.17 +711,500 NEW
52 CSWI 0.38% 60,000 $15M $242.75 $6M +30,000 +100.0%
53 WBI 0.37% 557,165 $14M $25.22 +557,165 NEW
54 PNW 0.35% 148,632 $13M $89.66 -$31M -351,368 -70.3%
55 SPXC 0.34% 70,000 $13M $186.78 +70,000 NEW
56 ABBV 0.33% 54,900 $13M $231.54 +54,900 NEW
57 BRO 0.31% 125,000 $12M $93.79 $7M +84,615 +209.5%
58 NVT 0.28% 110,000 $11M $98.64 -$11M -192,500 -63.6%
59 LOAR 0.27% 130,000 $10M $80.00 $3M +45,000 +52.9%
60 MSFT 0.27% 20,000 $10M $517.95 $411K
61 CARR 0.26% 170,000 $10M $59.70 $2M +60,000 +54.5%
62 OKE 0.26% 137,900 $10M $72.97 -$8M -81,490 -37.1%
63 FLY 0.26% 335,000 $10M $29.32 +335,000 NEW
64 BBIO 0.25% 184,400 $10M $51.94 $2M +4,300 +2.4%
65 AR 0.24% 270,000 $9M $33.56 +270,000 NEW
66 BLDR 0.23% 73,000 $9M $121.25 $4M +33,000 +82.5%
67 CPK 0.23% 64,192 $9M $134.69 -$7M -65,808 -50.6%
68 MSEX 0.22% 154,557 $8M $54.12 $2M +32,500 +26.6%
69 BMY 0.21% 182,000 $8M $45.10 $1M +27,000 +17.4%
70 VRT 0.20% 50,000 $8M $150.86 -$804K -15,000 -23.1%
71 WCC 0.19% 35,000 $7M $211.50 -$2M -17,500 -33.3%
72 BLSH 0.18% 110,000 $7M $63.61 +110,000 NEW
73 WLK 0.18% 90,000 $7M $77.06 +90,000 NEW
74 HTO 0.16% 124,316 $6M $48.70 -$18M -335,684 -73.0%
75 IRON 0.16% 90,163 $6M $66.08 $1M
76 SNDX 0.15% 383,100 $6M $15.38 $221K -222,700 -36.8%
77 BOW 0.15% 215,000 $6M $27.04 -$2M
78 LPX 0.15% 65,000 $6M $88.84 +65,000 NEW
79 NTST 0.14% 294,780 $5M $18.06 +294,780 NEW
80 ADPT 0.13% 330,834 $5M $14.96 $2M +77,934 +30.8%
81 CRH.L 0.12% 40,000 $5M $119.90 -$32M -361,000 -90.0%
82 ELDN 0.12% 1,825,000 $5M $2.59 $2M +844,318 +86.1%
83 MIR 0.12% 200,000 $5M $23.26 +200,000 NEW
84 AQN 0.11% 800,000 $4M $5.38 +800,000 NEW
85 FCPT 0.11% 175,092 $4M $24.40 -$10M -354,914 -67.0%
86 INCY 0.11% 50,000 $4M $84.81 +50,000 NEW
87 PACS 0.11% 302,500 $4M $13.73 $1M +65,000 +27.4%
88 MLYS 0.10% 100,000 $4M $37.92 $2M -62,733 -38.5%
89 TYG 0.09% 81,418 $4M $43.09 -$175K -2,500 -3.0%
90 GPC 0.09% 25,000 $3M $138.60 -$4M -35,000 -58.3%
91 NJR 0.09% 70,430 $3M $48.15 -$137K -8,300 -10.5%
92 CHWY 0.08% 79,654 $3M $40.45 -$61M -1,420,346 -94.7%
93 KYN 0.08% 250,000 $3M $12.37 $2M +150,000 +150.0%
94 LNG 0.08% 12,500 $3M $234.98 +12,500 NEW
95 CYTK 0.07% 50,000 $3M $54.96 $220K -26,500 -34.6%
96 CSX 0.07% 75,000 $3M $35.51 $2M +62,800 +514.8%
97 FIGR 0.07% 70,000 $3M $36.37 +70,000 NEW
98 AVB 0.06% 11,663 $2M $193.17 $2M +9,300 +393.6%
99 SLDE 0.06% 137,485 $2M $15.79 -$6M -262,109 -65.6%
100 EOLS 0.05% 330,000 $2M $6.14 -$4M -300,000 -47.6%

Options Breakdown

17 Calls $402M Call Value 7 Puts $134M Put Value 0.33 P/C Ratio

Top Calls

SymbolSharesValueStatus
PCG 10,500,000 $297M
NI 1,000,000 $43M NEW
HESM 500,000 $17M NEW
NEE 200,000 $15M
DUK 100,000 $12M NEW
LLY 12,500 $10M NEW
BMY 175,000 $8M NEW
KD $0 SOLD
KGS $0 SOLD
ES $0 SOLD

Top Puts

SymbolSharesValueStatus
ES 500,000 $36M NEW
WEC 250,000 $29M NEW
EVRG 287,500 $22M NEW
PEG 225,000 $19M NEW
GSK 400,000 $17M NEW
MRK 100,000 $8M NEW
WMB 50,000 $3M NEW

New Positions

SymbolValue% Port
IDA $71M 1.85%
VNOM $70M 1.83%
LTM $37M 0.97%
CNM $35M 0.90%
RIG $30M 0.79%
KVUE $22M 0.58%
SOLV $20M 0.52%
LGN $18M 0.48%
CTRI $15M 0.39%
WBI $14M 0.37%
SPXC $13M 0.34%
ABBV $13M 0.33%
FLY $10M 0.26%
AR $9M 0.24%
BLSH $7M 0.18%

Sold Out Positions

SymbolValue% Port
ED —%
EGP —%
ABX —%
TEVA —%
WTRG —%
VVX —%
FRT —%
WMS —%
AES —%
AROC —%
KVYO —%
VST —%
FLS —%
HPP —%
PFE —%
View SEC EDGAR Filings for Zimmer Partners, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms