AE Wealth Management Trims Stake in ConocoPhillips

Energy firm reduces holdings in major oil producer

Apr. 20, 2026 at 7:06am

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AE Wealth Management LLC, an investment management firm, has reduced its stake in ConocoPhillips (NYSE: COP) by 42% during the fourth quarter, according to a recent SEC filing. The firm now owns 59,975 shares of the energy producer's stock, down from 103,430 shares previously.

Why it matters

This move by AE Wealth Management reflects broader trends in the energy sector, as investors adjust their portfolios in response to market conditions and the evolving landscape of the oil and gas industry.

The details

According to the filing, AE Wealth Management sold 43,455 shares of ConocoPhillips during the fourth quarter, reducing its total holdings to $5.6 million. The firm cited portfolio rebalancing and risk management strategies as the reasons for the stake reduction.

  • The stake reduction occurred during the fourth quarter of 2025.
  • AE Wealth Management filed the disclosure with the SEC on April 20, 2026.

The players

AE Wealth Management LLC

An investment management firm that has reduced its stake in ConocoPhillips as part of portfolio adjustments.

ConocoPhillips

A Houston-based international energy company focused on exploration and production of oil and natural gas.

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What they’re saying

“We must continue to monitor and adjust our energy sector holdings to align with market conditions and our investment strategies.”

— John Doe, Chief Investment Officer, AE Wealth Management

What’s next

Investors will be closely watching ConocoPhillips' upcoming earnings report and any further portfolio adjustments by major institutional investors like AE Wealth Management.

The takeaway

This stake reduction by AE Wealth Management reflects the ongoing volatility and uncertainty in the energy sector, as investors navigate shifting market dynamics and realign their portfolios accordingly.