Narwhal Capital Management’s Energy Transfer Partners, L.P. ETP Stock Holding History

Narwhal Capital Management’s Portfolio ETP Stock Details ETP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q4	–	Sell	-20,000	Closed	-$573K	–	136
2015 Q3	$573K	Hold	20,000	–	–	0.21%	104
2015 Q2	$761K	Hold	20,000	–	–	0.28%	95
2015 Q1	$827K	Sell	20,000 -12,000	-38%	-$508K	0.3%	92
2014 Q4	$1.34M	Buy	32,000 +4,000	+14%	+$184K	0.52%	72
2014 Q3	$1.35M	Hold	28,000	–	–	0.54%	68
2014 Q2	$1.32M	Sell	28,000 -20,000	-42%	-$911K	0.5%	73
2014 Q1	$2.18M	Hold	48,000	–	–	0.91%	33
2013 Q4	$1.81M	Sell	48,000 -10,000	-17%	-$345K	0.75%	48
2013 Q3	$1.93M	Hold	58,000	–	–	0.92%	37
2013 Q2	$1.85M	Buy	+58,000	New	+$1.82M	0.9%	40

Other funds holding ETP

TCA

Tortoise Capital Advisors Overland Park, Kansas $9.6B AUM 19.53% 1-Year Est. Return

OppenheimerFunds New York $80.4B AUM 17.47% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

ALPS Advisors Denver, Colorado $21.3B AUM 23.41% 1-Year Est. Return

KACA

Kayne Anderson Capital Advisors Los Angeles, California $5.22B AUM 17.11% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

CCM

Chickasaw Capital Management Memphis, Tennessee $2.78B AUM 20.87% 1-Year Est. Return

CCCA

Center Coast Capital Advisors Houston, Texas $3.72B AUM 13.09% 1-Year Est. Return

NIM

NXG Investment Management Dallas, Texas $2.23B AUM 42.72% 1-Year Est. Return

SCA

Salient Capital Advisors Houston, Texas $1.74B AUM 12.95% 1-Year Est. Return

Narwhal Capital Management's ETP Position: Q4 2015 in Review

Narwhal Capital Management sold out of Energy Transfer Partners, L.P. (ETP) in Q4 2015, closing a stake of 20,000 shares — an estimated $573K sold.

Narwhal Capital Management first reported a position in ETP in Q2 2013 and held it in 10 quarters. The position peaked at $2.18M in Q1 2014. 263 funds tracked by Wall St. Rank hold ETP as of Q4 2015.

Narwhal Capital Management reported no remaining Energy Transfer Partners, L.P. position as of Q4 2015 after selling out during the quarter.
Narwhal Capital Management sold 20,000 Energy Transfer Partners, L.P. shares in Q4 2015, an estimated $573K.
Narwhal Capital Management first reported a position in Energy Transfer Partners, L.P. in Q2 2013 and held it in 10 quarters.
Narwhal Capital Management's Energy Transfer Partners, L.P. position peaked at $2.18M in Q1 2014.
263 funds tracked by Wall St. Rank held Energy Transfer Partners, L.P. as of Q4 2015.

Based on Narwhal Capital Management's 13F filing for Q4 2015, filed 15 Jan 2016.