NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water. The Crude Oil Logistics segment purchases crude oil from producers and marketers, and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, and transportation services through pipelines. The Liquids Logistics segment supplies natural gas liquids, refined petroleum products, and biodiesel to commercial, retail, and industrial customers in the United States and Canada through its 24 terminals, third-party storage and terminal facilities, and nine common carrier pipelines, as well as through fleet of leased railcars. This segment is also involved in the marine export of butane through its facility located in Chesapeake, Virginia. NGL Energy Holdings LLC serves as the general partner of the company. The company was founded in 1940 and is headquartered in Tulsa, Oklahoma.

NGL ENERGY PARTNERS LP

Targa Resources Corp. TRGP has seen its shares climb an impressive 43.9% over the past year, far outpacing the broader Oils-Energy sector, which rose just 7.2%. Within the Oil Refining & Marketing sub-industry, up 28% during the same period, TRGP still stands out as a top performer. In comparison, Western Midstream Partners WES gained 11.6%, Sunoco SUN rose 3.4% and NGL Energy Partners NGL fell 21.1%. With such a strong track record over the last year, investors are now considering whether this is the right time to buy or if it is wiser to wait for a better opportunity.
1-Year Price Performance Comparison
Image Source: Zacks Investment Research
Targa Resources, headquartered in Houston, TX, plays a significant role in the energy infrastructure industry. The company focuses on various natural gas operations, including collection, processing, compression, treatment and distribution. TRGP’s operations are divided into two primary segments: Gathering and Processing, and Logistics and Transportation. The company makes revenues by charging fees for services such as moving, processing and storing natural gas, NGLs and crude oil.
So, what is fueling Targa’s impressive growth? Let us explore the core factors contributing to its strong performance and consider whether this growth trend is sustainable.
TRGP's Strategic Advantages
Strong Financial Performance and Record EBITDA: TRGP reported a record adjusted EBITDA of $1.18 billion in first-quarter 2025, a 22% increase year over year, driven by higher Permian volumes and improved marketing margins. The company reaffirmed its full-year 2025 adjusted EBITDA guidance of $4.65-$4.85 billion, signaling confidence in sustained growth. This robust financial performance underscores Targa's ability to capitalize on market opportunities and operational efficiency, making it an attractive investment.
The growth is supported by fee-based contracts, which provide stability even in volatile commodity price environments. Competitors like Western Midstream Partners and NGL Energy Partners also benefit from similar contract structures, but Targa’s scale offers a significant edge.
Strategic Position in the Permian Basin: Targa has a dominant footprint in the Permian Basin, the most prolific oil and gas region in the United States, with natural gas inlet volumes up 11% year over year. The company’s integrated infrastructure, including processing plants and pipelines, ensures flow assurance and captures value across the midstream chain. New projects like Pembrook II (third-quarter 2025) and Bull Moose II (first-quarter 2026) will further enhance capacity.
Targa’s exposure to high-quality producers with multi-year drilling programs provides resilience against short-term market fluctuations. Peer operators such as Sunoco and Western Midstream Partners are also investing in the Permian, but Targa’s diversified project pipeline distinguishes its long-term growth strategy.
Growing LPG Export Business: Targa’s LPG export volumes averaged 13.4 million barrels per month in first-quarter 2025, with strong global demand for U.S. propane and butane. The company is expanding its Galena Park terminal, increasing capacity to 19 million barrels per month by third-quarter 2027. Long-term contracts and cost-advantaged U.S. supply position Targa to benefit from rising international demand, particularly in Asia. Despite trade tensions, management remains confident in the growth trajectory of the business.
Sunoco, which is more retail and downstream-focused, does not directly compete in this segment, offering investors a unique exposure through Targa. In contrast, NGL Energy Partners maintains a smaller export footprint.
Shareholder-Friendly Capital Allocation: Targa repurchased $214 million in shares through April 2025 and increased its quarterly dividend by 33% to $1 per share ($4 annualized). The company’s disciplined capital return strategy, combined with a strong balance sheet (3.6x leverage ratio), highlights its commitment to rewarding shareholders. Opportunistic buybacks during market dislocations (e.g., April 2025 purchases at $167.28 per share) demonstrate prudent capital deployment.
Hedging Program Mitigates Commodity Risk: Targa has hedged more than 90% of its exposed volumes through 2026, reducing earnings volatility from fluctuating natural gas and NGL prices. This strategy protects cash flows, ensuring stable dividends and growth investments even in low-price environments. The company’s fee-based contracts and floor protections further insulate it from commodity downturns, providing predictable revenue streams. This approach compares favorably with Sunoco, which remains more exposed to fuel price cycles.
Expansion Projects Driving Growth: Targa is executing $2.6-$2.8 billion in growth capex for 2025, focusing on high-return projects like fractionation trains (Trains 11 & 12) and the Delaware Express pipeline. These expansions will support volume growth and enhance system integration. Management’s ability to accelerate project timelines (e.g., Pembrook II moving to third-quarter 2025) reflects operational efficiency and strong execution. While NGL Energy Partners has smaller-scale investments in logistics and storage, Targa’s growth outlook remains more aggressive and diversified.
Risks and Headwinds Facing Targa
Macroeconomic and Trade Risks: Global trade tensions, particularly U.S.-China tariffs on LPG, pose risks to Targa’s export business. While ethane was exempted, LPG remains subject to tariffs, potentially redirecting cargoes and squeezing margins. Management acknowledged "low-single-digit" cost impacts from tariffs, but prolonged disputes could dampen growth.
High Capital Expenditures and Debt Levels: Targa’s aggressive growth strategy requires significant capex ($2.6-$2.8 billion in 2025), funded partly by debt. Total consolidated debt was $16.2 billion as of first-quarter 2025, with interest expense of $197 million. While leverage (3.6x) is within target, rising rates or project delays could strain cash flows and limit financial flexibility.
Permian Volume Growth Uncertainty: Targa’s outlook assumes robust Permian production growth, but prolonged sub-$50 WTI oil prices could lead producers to curtail drilling. While major customers have multi-year programs, smaller operators may cut activity, slowing volume growth. The company noted a 1% sequential decline in first-quarter 2025 Permian volumes due to weather, highlighting operational vulnerabilities.Western Midstream Partners, which also operates in the Permian, faces similar uncertainties, though it benefits from a higher percentage of fixed-fee revenues.
Competition in Midstream Sector: Targa faces intense competition from peers like Enterprise Products and Energy Transfer in fractionation, pipelines and exports. New LPG export projects (e.g., Enterprise’s expansions) could pressure terminal fees. The company’s reliance on organic growth (vs. M&A) may limit market share gains in a crowded sector. NGL Energy Partners is actively pursuing consolidation opportunities, which could increase pressure on Targa’s organic strategy.
Regulatory and Environmental Risks: Midstream operators face increasing scrutiny over emissions and pipeline permits. Targa’s growth projects (e.g., Traverse Pipeline) could encounter delays from regulatory hurdles. Stricter environmental policies or carbon taxes may raise compliance costs, impacting profitability. Unlike Sunoco, which operates under different regulatory frameworks due to its retail operations, Targa’s infrastructure-intensive model may face more environmental opposition.
Final Thoughts for TRGP Stock
Targa’s strong financial performance, strategic footprint in the Permian Basin and growing LPG export business position it well for continued growth, supported by solid hedging and shareholder-friendly capital returns. The company’s significant investment in expansion projects further drives future capacity and integration benefits. However, high capital expenditures and debt, trade tensions impacting export margins and potential slowdowns in Permian production create risks. Additionally, regulatory hurdles and fierce competition in the midstream sector may challenge profitability and growth timelines.
Given this mix of strengths and potential challenges, investors should wait for a more opportune entry point instead of adding this Zacks Rank #3 (Hold) stock to their portfolios. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Targa Stock Up 44% in the Past Year: Is it Time to Buy or Hold?

Targa Resources Corp. TRGP has experienced a notable 29.1% increase in its share price in the past six months, a remarkable performance when compared with the broader oil and energy sector, which has remained stagnant at 0%. Even within its specific Oil and Gas Refining and Marketing sub-industry, which has gained 16%, TRGP has shown exceptional performance. While peers such as Sunoco SUN, Western Midstream Partners WES and NGL Energy Partners NGL have lagged, TRGP continues to perform strongly. This raises an important question for investors: should investors seize the opportunity now, or wait for a more favorable moment to invest?
Six-Month Price Performance Comparison
Image Source: Zacks Investment Research
TRGP has become a key player in the energy infrastructure world. Based in Houston, TX, the company specializes in services related to natural gas, from gathering and processing to compressing, treating and selling it. What really sets TRGP apart is its prime location in Mont Belvieu, TX, home to the world’s largest natural gas liquids (“NGL”) hub. Here, TRGP operates with a huge fractionation capacity of around 938,000 barrels per day.
On top of that, TRGP runs cutting-edge LPG export facilities at its Galena Park Marine Terminal, which is well-connected to Mont Belvieu. The company also has a strong presence in the Permian Basin, a major energy production area, supported by its Grand Prix NGL pipeline, which moves processed natural gas to fractionation and export facilities. With two main business segments, Gathering and Processing, and Logistics and Transportation, TRGP is in a great position to navigate the shifting energy market.
In simple terms, TRGP makes money by charging fees for transporting, processing and storing natural gas, NGLs and crude oil. So, what is driving Targa’s growth? Let us take a closer look at what is behind its strong performance and whether this momentum is likely to continue or not.
What is Favoring TRGP Stock?
Record-High Financial Performance: TRGP achieved record adjusted EBITDA of $4.1 billion in 2024, a 17% year-over-year increase, driven by robust operations across its Permian, NGL transportation, fractionation and LPG export businesses. This strong financial performance showcases the company's ability to generate stable cash flows, making it an attractive investment for those seeking exposure to a growing midstream energy player.
Expanding Infrastructure and Growth Investments: TRGP continues to expand its infrastructure with major projects such as the Delaware Express pipeline expansion, Train 12 fractionator and the GPMT LPG Export Expansion. These projects, backed by a $2.6 billion to $2.8 billion capital investment in 2025, aim to support growing Permian volumes and strengthen long-term earnings potential.
Favorable Fee-Based Revenue Model: More than 90% of Targa’s expected 2025 revenues come from fee-based contracts, insulating it from commodity price volatility. This predictable revenue stream enhances earnings stability and reduces exposure to fluctuating energy prices.
Strong Demand for NGLs and LNG Exports: The company is well-positioned to benefit from increasing global demand for U.S. NGLs and liquefied natural gas (“LNG”). With record pipeline transportation, fractionation and LPG export volumes in 2024, Targa’s assets provide exposure to an expanding global energy market.
Strong Position in the Evolving U.S. Energy Landscape: The shift toward a more energy-diverse world has increased global demand for U.S. natural gas liquids, which are critical for petrochemical and industrial applications. Targa’s infrastructure, including pipelines, processing plants and export terminals, is well-positioned to meet this demand. As energy markets evolve, the company’s investments in high-growth regions like the Permian Basin will allow it to capture additional market share while supporting the continued global reliance on U.S. energy exports.
Potential Risks for TRGP Stock
Regulatory and Environmental Uncertainties: TRGP operates in a sector facing heightened regulatory scrutiny, with potential risks from new emissions regulations, carbon pricing mechanisms or policies favoring renewable energy over fossil fuels. Such changes could lead to higher compliance costs or restrictions on future expansions.
Increasing Competition in the NGL Export Market: The global NGL market is becoming increasingly competitive, with new export facilities and pipelines being developed by major energy companies. This growing competition could lead to pricing pressures, reducing margins for Targa’s export business. While the company is expanding infrastructure, it must continue to secure long-term contracts to avoid overcapacity risks. If new entrants aggressively price their services, TRGP may struggle to maintain its current profitability in the NGL export market.
Potential Execution Risks With Large-Scale Projects: TRGP has committed billions of dollars to large-scale infrastructure projects, which come with execution risks, including delays, cost overruns and regulatory hurdles. If these projects fail to meet expected timelines or budgets, the company could face financial strain.
Valuation and Share Growth Raise Concerns: Targa’s current EV/EBITDA ratio of 14.39 is significantly higher than the sub-industry average of 10.95, suggesting the stock may be overvalued. This raises concerns about the sustainability of its current valuation, especially if future earnings fall short of expectations, which could lead to a sharp correction. Furthermore, the stock’s 29.1% gain in the past six months suggests that much of its growth may already be priced in.
Image Source: Zacks Investment Research
Exposure to Economic Downturns and Credit Markets: Although TRGP operates a largely fee-based business, a significant economic downturn could weaken industrial demand for natural gas liquids. This could affect contract renewals, pricing power and overall revenue growth. Additionally, the company’s reliance on debt to fund expansion projects makes it vulnerable to rising interest rates or tightening credit markets. If borrowing costs increase significantly, Targa’s ability to finance growth while maintaining strong shareholder returns could be impacted.
Final Thoughts on TRGP Stock
Targa has delivered strong financial results, with record-high EBITDA and robust growth across core businesses, making it an attractive investment in the midstream energy sector. Its expanding infrastructure projects and favorable fee-based revenue model provide stability and exposure to growing global demand for NGLs and LNG. However, risks include regulatory uncertainties, increasing competition in the NGL export market and potential execution challenges with large-scale projects. Additionally, its high valuation and exposure to economic downturns and rising borrowing costs could pose risks to long-term growth and profitability.
Given this mix of strengths and potential challenges, investors should wait for a more opportune entry point instead of adding this Zacks Rank #3 (Hold) stock to their portfolios. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Sunoco LP (SUN) : Free Stock Analysis Report
Western Midstream Partners, LP (WES) : Free Stock Analysis Report
NGL Energy Partners LP (NGL) : Free Stock Analysis Report
Targa Resources, Inc. (TRGP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Targa's Shares Gain 29% in Six Months: Time to Buy or Hold?

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Pfizer (PFE)'s Director, Ronald E. Blaylock, made a $499,072 buy of PFE, purchasing 19,457 shares at a cost of $25.65 each. Pfizer is trading up about 0.4% on the day Tuesday.
And at NGL Energy Partners LP (NGL), there was insider buying on Friday, by Chief Executive Officer H. Michael Krimbill who bought 100,000 shares at a cost of $4.63 each, for a total investment of $462,555. NGL Energy Partners LP is trading up about 2% on the day Tuesday. So far Krimbill is in the green, up about 8.7% on their purchase based on today's trading high of $5.03.
VIDEO: Tuesday 2/18 Insider Buying Report: PFE, NGL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tuesday 2/18 Insider Buying Report: PFE, NGL

In trading on Wednesday, shares of NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (Symbol: NGL.PRB) were yielding above the 12.5% mark based on its quarterly dividend (annualized to $3.0168), with shares changing hands as low as $23.95 on the day. This compares to an average yield of 5.49% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, NGL.PRB was trading at a 3.08% discount to its liquidation preference amount, versus the average discount of 1.85% in the "Oil & Gas Equipment & Services" category.
The chart below shows the one year performance of NGL.PRB shares, versus NGL:
Below is a dividend history chart for NGL.PRB, showing historical dividend payments on NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative:
In Wednesday trading, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (Symbol: NGL.PRB) is currently off about 1.2% on the day, while the common shares (Symbol: NGL) are off about 1.8%.
Also see:
Institutional Holders of SMXT
WHF shares outstanding history
OSK Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative Shares Cross 12.5% Yield Mark

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The Impact of T+1 and How Institutional Investors Perceive Liquidity in the Marketplace
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David Waddell, CEO & Chief Investment Strategist of Waddell & Associates, Brian Joyce, Managing Director on Nasdaq’s Market Intelligence Desk, and Maddie Radner, Director on Nasdaq’s Market Intelligence Desk, join Jill Malandrino on Nasdaq TradeTalks to discuss how global markets compare to US equity performance and the impact of US dollar movements.
Why International Markets Are Attractive for Active, Highly-Selective Investors
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News & Insights

Energy stocks were mixed Friday afternoon, with the NYSE Energy Sector Index decreasing 0.2% and the Energy Select Sector SPDR Fund (XLE) up 0.2%.
The Philadelphia Oil Service Sector index was posting a 0.5% increase, and the Dow Jones US Utilities index was falling 0.7%.
Front-month West Texas Intermediate crude oil was rising 0.2% to $75.69 a barrel while the global benchmark Brent crude contract was down 0.1% to $79.81 a barrel. Henry Hub natural gas futures jumped 4% to $2.93 per 1 million BTU.
In corporate news, Exxon Mobil (XOM) shares are projected to underperform peers in the near term given current valuations and the Pioneer Natural Resources integration, Truist said in a note Friday. Truist downgraded Exxon's stock to hold from buy and cut its price target to $124 from $146. Exxon shares were down 0.2%.
NGL Energy Partners (NGL) shares tumbled 7.2% after it reported a wider fiscal Q4 loss as revenue declined during the quarter.
Entergy (ETR) and NextEra Energy (NEE) unit NextEra Energy Resources said Friday that they have agreed to jointly develop up to 4.5 gigawatts of solar generation and energy storage projects in the southern US. Entergy shares fell 0.7% and NextEra Energy was down 0.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Energy Sector Update for 06/07/2024: XOM, NGL, ETR, NEE

Beat the market. That's the goal for most investors. However, achieving that goal is often easier said than done.
It wasn't difficult for quite a few U.S. senators and representatives last year, though. Over 30 of them managed to beat the market, with some of them raking in gains more than four times greater than the S&P 500. Meet the ultrahigh-yield dividend stock that helped one member of Congress generate a 122% return last year.
Rep. Mark Green's income machine
Rep. Mark Green, R-Tenn., was the second-best stock trader in Congress in 2023. He achieved a return of 122%. How did the GOP representative do it? Primarily through his investments in energy stocks, with one especially standing out.
Energy Transfer LP (NYSE: ET) has been a staple in Green's portfolio for several years. The company is a leader in the North American midstream energy industry. Energy Transfer operates around 125,000 miles of pipelines that transport crude oil, natural gas, and natural gas liquids (NGLs).
Arguably the biggest reason many investors are attracted to Energy Transfer is its distribution. The midstream energy company's distribution yield currently tops 7.2% and was even higher throughout most of last year.
Why Energy Transfer was a big winner for Rep. Green
Energy Transfer's shares (technically called units because the company is a limited partnership) jumped 16% in 2023. However, Rep. Green's profits from selling units multiple times last year were likely much higher because Energy Transfer delivered even greater gains in 2021 and 2022.
One reason Energy Transfer was such a big winner for Green is that energy stocks in general have rebounded strongly since crashing during the early stages of the COVID-19 pandemic. At one point in March 2020, Energy Transfer lost roughly two-thirds of its market cap.
It also helped that the company reported solid quarterly-earnings results several times in 2023. Energy Transfer started off the year on an especially good note with strong first-quarter earnings and raised its full-year outlook for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
The company's dealmaking was a key factor in its performance as well. Energy Transfer closed on its acquisition of Lotus Midstream in May 2023 and closed its buyout of Crestwood Equity Partners in November 2023.
Rep. Green owned other stocks that were important in his market-beating return last year. For example, NGL Energy Partners LP, another midstream energy stock, skyrocketed 360%.
Is Energy Transfer a good stock to buy now?
I think Energy Transfer is a good stock to buy right now for some investors. Anyone seeking income should like its ultrahigh-distribution yield. The company expects to grow its distribution by 3% to 5% annually.
Value investors should also find Energy Transfer attractive. Its units trade at less than 9.6 times forward earnings. By comparison, the S&P 500 energy sector's forward-earnings multiple is nearly 13.
Growth investors might prefer other stocks with even stronger growth prospects than Energy Transfer. However, the midstream energy company could be a better option than you might think. Analysts expect Energy Transfer's earnings will increase by an average annual rate of 15.8% over the next five years.
Should you invest $1,000 in Energy Transfer right now?
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Keith Speights has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Meet the Ultrahigh-Yield Dividend Stock That Helped 1 Member of Congress Generate a 122% Return Last Year

Energy stocks rose late Friday afternoon with the NYSE Energy Sector Index adding 0.9% and the Energy Select Sector SPDR Fund (XLE) climbing 1.2%.
The Philadelphia Oil Service Sector index advanced 1%, and the Dow Jones US Utilities index eased 0.2%.
West Texas Intermediate crude oil rose 0.3% to $86.81 a barrel, while global benchmark Brent gained 0.4% to $91.04 a barrel. Henry Hub natural gas futures were unchanged at $1.77 per 1 million BTU.
In corporate news, NGL Energy (NGL) rose 3.3% as the company completed the sale of its North and South Ranches in New Mexico, resulting in proceeds of $70 million.
Precision Drilling (PDS) shares rose 0.8% as S&P Global Ratings on Friday revised its outlook on the company to positive from stable and affirmed the B+ issuer credit rating.
Chesapeake Energy (CHK) said tits planned merger with Southwestern Energy (SWN) will be completed in H2 due to additional documents requested by the Federal Trade Commission. Chesapeake shares rose 0.5% and Southwestern gained 0.1%.
Shell (SHEL) shares rose 1.4%. The company said it expects "significantly lower" Q1 results in its liquefied natural gas business compared with an "exceptional" Q4. Separately, Shell and Saudi Aramco, which are competing to buy the assets of Temasek-owned Pavilion Energy, are in final talks on pricing negotiations, Reuters reported Friday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Energy Sector Update for 04/05/2024: NGL, PDS, CHK, SWN, SHEL

By Bansari Mayur Kamdar
March 14 (Reuters) - An exchange-traded fund that follows the stock trades of Democratic lawmakers has seen sharp gains since its launch last year, outperforming a Republican-oriented fund, on the back of big bets on megacap technology companies.
The $49 million Subversive Unusual Whales Democratic ETF NANC.N, the ticker of which is a play on the name of former Democratic Speaker Nancy Pelosi, has surged nearly 35% since its launch on Feb. 7 last year.
That compares with a 25.8% gain for the benchmark S&P 500 index .SPX during the same period and an 18.1% advance in the $12.5 million Subversive Unusual Whales Republican ETF KRUZ.N, whose ticker is a nod to Republican senator Ted Cruz.
"NANC has outperformed KRUZ because it tilts toward growth stocks and underweights energy," said Bryan Armour, an analyst at Morningstar, adding that the Republican ETF also favored more value stocks.
AI darling Nvidia NVDA.O makes up near 10% of the Democratic fund, followed by Microsoft Corp MSFT.O, Alphabet GOOGL.O Amazon.com AMZN.O, Salesforce CRM.N and Apple AAPL.O, which constitute about 27.3% of its assets, according to the fund's website.
Meanwhile, energy stocks such as Shell SHEL.NSHEL.L, NGL Energy Partners NGL.N, ConocoPhillips COP.N and Chevron CVX.N, that are among the top 10 holdings of the Republic ETF have broadly underperformed the market with some falling year-to-date.
The Democratic fund has seen net inflows of $32.8 million year-to-date, according to LSEG Lipper data, while the Republican fund has garnered just $5.8 million.
"We are getting large allocations solely based on performance and the story of what these funds represent: the best information from the best-informed crowd," said Christian H. Cooper, portfolio manager at Subversive Capital, which launched both the funds with financial data firm Unusual Whales.
Congressional trading has been under growing scrutiny and attracted calls to ban lawmakers from trading.
A 2012 law requires lawmakers to disclose their stock transactions as well as that of family members within 45 days.
Pelosi's portfolio that includes Nvidia and Apple, is up 84.3% year-to-date, according to Unusual Whales.
Republican congressman Mark Green's portfolio is up 126% so far this year, after bumper gains last year, while senator Rand Paul's portfolio fell 6.9%.
Total assets of the Democratic fund have grown to $49 million from $6.7 million in one year, while the Republican fund has climbed to $12.5 million from $4.3 million, according to LSEG Lipper data.
Another battle brews as Democrats prepare to face the Republicans in the U.S. presidential elections and primaries this year, with the former wresting for control of the House of Representatives and trying to hold on to their majority of the Senate.
Democratic ETF outperforms Republican ETF and broader markets https://tmsnrt.rs/3TAWaiP
Net assets of the Democratic fund soar in one year https://tmsnrt.rs/3Pkuqwz
(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shinjini Ganguli)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Democratic ETF outpaces Republican peer on Big Tech bets

In trading on Thursday, shares of NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (Symbol: NGL.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $28.18 on the day. This compares to an average yield of 7.78% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, NGL.PRB was trading at a 27.88% premium to its liquidation preference amount, versus the average premium of 0.73% in the "Oil & Gas Equipment & Services" category.
The chart below shows the one year performance of NGL.PRB shares, versus NGL:
Below is a dividend history chart for NGL.PRB, showing historical dividend payments on NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative:
In Thursday trading, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (Symbol: NGL.PRB) is currently up about 3.2% on the day, while the common shares (Symbol: NGL) are up about 0.6%.
Also see:
Top Ten Hedge Funds Holding FHLB
Top Ten Hedge Funds Holding FARO
DOMA Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.