Energy Transfer LP (ET): Billionaire David Abrams Trims Stake

Energy Transfer LP (NYSE:ET) is one of the 12 Best Stocks to Buy According to Billionaire David Abrams.

Energy Transfer LP (NYSE:ET) is among the long-term stock picks of Abrams Capital Management. The stock has featured in the 13F portfolio of the fund consistently since the first quarter of 2021. Back then, this holding comprised 13.5 million shares. This was increased to 22.1 million shares in the third quarter of 2020. Towards the end of 2022, this stake was trimmed down to 17.8 million shares. A further reduction was made at the beginning of 2025, bringing ownership down to 6.21 million shares. Filings for the fourth quarter of 2025 show that the fund has made another reduction in this position, compared to filings for the third quarter of 2025, and owns 6.12 million shares in the energy company.

READ MORE: What Makes Energy Transfer LP (ET) Appear so Attractive.

Energy Transfer LP (NYSE:ET) is a long-term favorite of elite hedge funds since the company provides a healthy mix of growth and value for investors. The growth factor is relatively recent, and is often tied to the pivotal role the firm has played in the AI-driven energy surge. For example, last year, the firm entered into long-term agreements to supply approximately 900 million cubic feet per day of natural gas to power three Oracle AI data centers, two of which are in Texas. This partnership included constructing a new lateral pipeline to ensure consistent supply for AI and cloud computing needs.

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