Investor Positioning Midstream & Integrated Oil - June: UBS Midstream Crowding Report Using Quantitative Data

Research evidence excerpt

Investor Positioning Midstream & Integrated Oil - June: UBS Midstream Crowding Report Using Quantitative Data

Global Research

19 July 2026ab

Midstream Equities

AmericasInvestor Positioning Midstream & Integrated Oil -

June Pipelines

Manav Gupta

Analyst

manav.gupta@ubs.com

UBS Midstream Crowding Report Using Quantitative Data +1-212-713 4399

We are publishing our Midstream Crowding Report tracking market sentiment and Saumya Jain

positioning in the Midstream sector based on quantitative crowding factor scores, which Associate Analyst

are built by the UBS Quant team using internal and external data sets, including prime saumya.jain@ubs.com

brokerage data, stock loan data, 13F filings, and UBS proprietary data. This +1-212-882 0089

encompasses data on both long and short positions of market participants. A positive Sumantra Banerjee

score means that the stock is crowded long and a higher score indicates more long Associate Analyst

positions and/or fewer short positions, whereas negative scores indicate fewer longs sumantra.banerjee@ubs.com

and/or more short positions. For further information about crowding, please see the UBS +1-212-713 5104

Quant team's "A Definitive Approach to Crowding" report (click here). In this edition, Ivan Scotto

we would like to highlight we have included our Integrated Oil coverage. Associate Analyst

ivan.scotto@ubs.com

UBS Quant Crowding Data: Where is the midstream momentum? +1-212-713 3137

Amongst our Midstream coverage, KMI, LNG, and ET had the largest positive crowding Richard DeDios

scores, while PPL, OKE, and DTM had the lowest crowding scores. Over the past month, Associate Analyst

AM had the most positive change (+5.46), and PPL had the most negative change (- richard.dedios@ubs.com

2.42).