In a significant portfolio adjustment, First Pacific Advisors (FPA) liquidated its entire holding in pipeline operator Kinder Morgan, a position previously valued at approximately $44.7 million. The transaction involved the sale of all 1.33 million shares held by the investment firm. Prior to the sale, the Kinder Morgan stake represented 0.63% of FPA's reported portfolio.
This trade was disclosed in an SEC Form 13F filed on August 14, 2026, which details the firm's holdings as of the end of the second quarter on June 30. During that same quarter, Kinder Morgan reported record net income and raised its financial guidance for the year, citing strong performance in its natural gas business.