Westlake Chemical Partners (WLKP)

• Market cap: $862M
• 1 day: 0.12%
• 5 days: 2.00%
• 1 month: -0.49%
• 3 months: 4.49%
• 6 months: 6.03%
• Year to date: 6.30%
• 1 year: 7.76%
• 5 years: 7.80%
• 10 years: -6.14%
• Sector: Materials
• Industry: Industrial Organic Chemicals

About: Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develop ethyelene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

732% more call options, than puts

Call options by funds: $1.36M | Put options by funds: $164K

5% more capital invested

Capital invested by funds: $231M [Q3] → $242M (+$11.4M) [Q4]

5.94% less ownership

Funds ownership: 35.62% [Q3] → 29.69% (-5.94%) [Q4]

7% less funds holding

Funds holding: 56 [Q3] → 52 (-4) [Q4]

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

38% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 16