Militia Capital Expands Energy Pipeline Stakes

Militia Capital Management LLC disclosed new Q1 positions in Energy Transfer, Williams Companies, TransMedics Group, and Lamar Advertising. The firm bought 600,000 Energy Transfer shares worth about $11.58 million, making ET a notable holding in its portfolio. It also acquired 38,389 Williams Companies shares for roughly $2.79 million in the same period. In addition, Militia took a stake of 16,600 TransMedics shares valued at about $1.65 million, and 22,100 Lamar Advertising shares valued at about $2.80 million. Across these investments, hedge funds and institutional ownership remain substantial in each company, with ET about 38% and WMB about 86%, and TMDX around 99.7%. The reports also note external analysts and other large investors actively adjusting positions in these firms, underscoring a broader institutional activity backdrop.