Seven of 147: Eagle Capital Holds 78.1% of the Tracked EQT Stake, and the Verified Cohort Grew 168.5% in a Quarter When the Price Fell 16.5%

GetCoattail Research — The Filing Tape #123. EQT Corp surfaced on a trending-stocks screen this week listed as a Strong Buy with four Buy ratings and no Hold or Sell, and the filings describe a tracked register that more than doubled into a falling price: 7 of the 147 superinvestors held the stock at June 30, 2026, totalling 19,660,246 shares, verified against the first quarter for a combined increase of 168.5%. Insiders recorded no purchase in any window, and short interest stands at 3.58% of shares outstanding, up 5.1% from June.

The Hype

EQT's attention this week is a screen story. The stock appeared on TipRanks' Trending Stocks by Analyst screener — SCHW and SMTC topped the page's order, followed by names already covered in this series, among them BAC, RKLB, JBHT, BNY, BLK, UNH, ARWR and TRGP — and EQT followed them, listed as a Strong Buy with a price target of $66.17 (21.86% upside as printed), 4 Buy, 0 Hold and 0 Sell ratings, a printed change of +7.72%, a market value of $33.97B as printed, in Energy, dated October 16, 2026. TipRanks Our price file shows the path behind the screen: the stock fell 16.5% in the second quarter, from $63.64 on March 31 to $53.17 on June 30, and closed at $50.17 on October 2 — down 5.6% from the June 30 close and 26.1% below the 252-session high of $67.93 (March 25, 2026). That is what this series checks against the filings.

The Tape

For EQT Corp — the one hundred and twenty-third Filing Tape audit — the tape shows a tracked register that grew 168.5% on a verified basis during a falling quarter, a full market reporting fewer filers but 18.95% more shares, an insider record with no purchase in any window, a single House row of purchases only, a 5% register with no activist-family filing, and a borrow that has risen at three straight settlements.

Lens 1 — the superinvestors: seven holders, one of them 78.1% of the stake, and a verified cohort up 168.5%. We track 149 managers whose 13F portfolios we collect from SEC EDGAR — 147 are in the collection (144 at a June 30 period-end, 3 early filers at September 30, none holding this name) — and the June 30, 2026 register for the common stock, on CUSIP 26884L109, is 7 distinct managers holding 19,660,246 shares worth $1,045,335,298, long only, with no option rows: 5 are labelled INCREASED and 2 DECREASED. Eagle Capital Management is the largest: 15,356,952 shares worth $816,529,156 — 78.1% of the tracked stake — at a 2.49% portfolio weight, labelled INCREASED at +319.6% (filed August 14, 2026). The second holder, Harry Burn - Sound Shore, holds 1,565,288 shares (8.0%, +26.7%), so the top two hold 86.1% between them. The rest are W.H. Reaves & Co. (939,843 shares, DECREASED -13.8%), Tortoise Capital Advisors (767,234, +10.8%), Energy Income Partners (406,270, +2145.1% from a very small base), Muhlenkamp (402,243, +0.2%, at the register's largest weight, 6.19%) and Arnold Van Den Berg - Century Management (222,416, DECREASED -1.6%). The growth verifies row by row under two independent register methods that agree exactly (see methodology): the seven continuing holders held 7,323,375 shares at March 31 and 19,660,246 at June 30 (+168.5%), with no unverified holder. No tracked manager is labelled NEW, and two exited — Slate Path Capital (3,886,288 first-quarter shares) and Lee Ainslie - Maverick Capital (11,489) — so the full register rose 75.2%, from 11,221,152 shares, a smaller figure than the cohort's because the exits sit in the first-quarter register only. Every row implies $53.17, the June 30 close. 13F figures are as of June 30, 2026, published up to 45 days later.

Lens 2 — institutions: 39 fewer filers reporting 18.95% more shares, at a flat reported value. At June 30, 2026, 1,104 institutions reported positions, down 39 from 1,143 at March 31 (-3.41%); 1,097 are long. Reported shares rose 18.95%, from 491,942,095 to 585,185,941 (+93,243,846 shares), while reported value was flat at $30,694,110,047 (-0.13%), labelled "reported" because the aggregate includes option rows (methodology). Flow counts agree: 967 entered, 1,006 exited, a net of -39, and the single by-CUSIP row matches the by-ticker row on every field. The reported value implies $52.45 per share against a June 30 close of $53.17 (-1.35%, from the unrounded implied price), so filer and share counts are headlined.

Lens 3 — insiders: no purchase in any window, against 17 sales. The parsed Form 4 record holds 132 filings through October 2, 2026, and it contains no purchase transaction: 0 purchases, 0 buyers and 0 officer purchases in the 90-day window, the one-year window and the full record. The last 90 days hold 0 purchases and 1 sale: 175,328 shares for $9,648,299.84, by 1 seller, an officer sale transaction, across 6 filings. The one-year window holds 13 sales (425,872 shares, $24,279,579.37, 8 sellers, 12 officer sale transactions) across 69 filings, and the full record holds 17 sales (480,629 shares, $27,016,555.69, 9 sellers, 14 officer sale transactions). The sales imply $55.03 in the 90-day window, $57.01 over one year and $56.21 over the full record, each inside that window's close range on our price file — so the dollar totals are cited for every window.

Lens 4 — Congress: one House member, two purchases and no sale, no Senate row. The combined record (as of October 3, 2026) carries one member, with 2 purchases and 0 sales, the last recorded purchase dated July 7, 2026, party recorded as R. The House aggregate carries the same row, not marked as appearing in both chambers. The Senate aggregate (as of October 1, 2026) carries no row.

Lens 5 — the 5% register: twelve filings, all passive, and a 12.5% maximum that later printed zero. Our full parse holds 12 SC 13D/G filings matching the site aggregate — 0 SC 13D family, 12 SC 13G family (3 SC 13G and 9 SC 13G/A); 9 amendments, 10 reporter names across 20 reporter rows. The register maximum is 12.5%: The Vanguard Group printed 74,836,918 shares at 12.5% as of June 30, 2025 (filed July 29, 2025, SC 13G/A) — and the same name later printed 0 shares at 0.0% as of March 13, 2026. The latest filings, both filed April 29, 2026, print Vanguard Capital Management at 46,650,272 shares (7.47%) and Vanguard Portfolio Management at 32,054,991 shares (5.13%), each as of March 31, 2026 — separate Vanguard names, not summed. Wellington's affiliated reporters each printed 53,342,161 shares (8.9%, one at 8.6%) as of December 31, 2024, then 45,891,224 (7.7% and 7.5%) as of March 31, 2025, and 26,539,413 (4.3%) as of December 31, 2025. T. Rowe Price Associates fell from 7.1% to 5.9% to 2.2% across the same prints, and BlackRock printed 6.8% as of June 30, 2025.

Lens 6 — short interest: a borrow rebuilding since July, with one halving step in its history. The latest FINRA settlement, September 15, 2026, records 22,369,263 shares sold short — 3.58% of the 625,516,000 shares outstanding — at 3.79 days to cover, up 9.73% from the prior settlement (20,384,899 on August 31, 2026). Against the June 30, 2026 settlement (21,285,295) the latest is up 5.1%, and against the year-ago settlement (18,832,006 on September 15, 2025) up 18.8%. The series maximum across 137 settlements is 42,627,705 on July 15, 2024, so the latest sits 47.5% below that peak; the minimum is 12,545,896 on March 31, 2021. The recent path runs 21,285,295 (June 30), 20,683,827 (July 15), 18,171,312 (July 31), 19,177,291 (August 14), 20,384,899 (August 31) and 22,369,263 (September 15). One step in the full series halves (methodology); the series is published as collected.

The Gap

The narrative arriving this week is an analyst-consensus story: a Strong Buy trending listing, 4 Buy ratings against no Hold or Sell, a printed target above the last close, on a stock that fell 16.5% in the second quarter on our price file and a further 5.6% by October 2. Unusually for this series, the June tape leans toward the story on the tracked lens: the seven continuing holders grew a combined 168.5% during the falling quarter, and the largest more than quadrupled. But the agreement is narrow. The growth is concentrated — one holder is 78.1% of the tracked stake, the top two 86.1% — and two tracked names exited in the same quarter, one a 3,886,288-share position. The broad market added shares, not filers: 39 fewer institutions reported 18.95% more shares at a flat reported value. The insider record runs one way: no purchase in any window of a 132-filing record, only sales. Congress is present and one-sided the other way — one House member, two purchases, no sale — and the 5% register holds no activist-family filing, while its largest print later printed zero under the same name. The borrow is not fading either: at 3.58% of the share count it has risen at three straight settlements. One plausible reading is that the trending case and the tracked tape point the same way for once — into a falling price — while the confirmation sits in very few hands, insider confirmation is absent, and the borrow is rebuilding.

What Would Change the Picture

Nothing above is a recommendation. These filings would change it:

• 1. The 2026Q3 13F season (filing window closing mid-November 2026). The seven June holders all verify, so the cohort's +168.5% is a clean baseline. Whether Eagle Capital Management's 15,356,952-share stake — 78.1% of the tracked total — grows, shrinks or disappears after a quarter in which the price fell a further 5.6% decides whether this lens stays a concentrated growth story or becomes a one-quarter print.
• 2. A first insider purchase. The parsed record holds 0 purchases in 132 filings, in every window.
• 3. A Senate row, or a House record no longer purchases-only. The combined and House aggregates carry one member with two purchases and no sale; the Senate carries no row. A first Senate transaction, or a first House sale, would change this lens.

• 4. A first SC 13D, or a new 5% print above 12.5%. The register holds no activist-family filing, and its maximum, The Vanguard Group's 12.5% print as of June 30, 2025, was followed by a 0.0% print under the same name.
• 5. Short interest back through the June 2026 path in either direction. The borrow stands at 22,369,263 shares, up 5.1% from June, at 3.58% of shares outstanding. A reading back below the July 31, 2026 settlement of 18,171,312 would unwind the rebuild; a sustained move toward the series maximum of 42,627,705 would change this lens the other way.

Related reading: One of 147: First Eagle Holds All of the Tracked Texas Roadhouse Stake, and the Cohort Cut 20.5% in a Quarter When the Price Rose 17.0% — Filing Tape #122; Five of 147: Avoro Holds 76.9% of the Tracked Arrowhead Stake, and the Verified Cohort Grew 3.3% in a Quarter When the Price Rose 30.0% — Filing Tape #121. EQT Corp's own page: EQT Corp (EQT) on GetCoattail.

Methodology and data notes

• As-of & limits: The lenses rest on different clocks, none live: 13F is a June 30, 2026 snapshot published up to 45 days later; Form 4 runs through October 2, 2026; Congress aggregates run through October 3, 2026 (Senate through October 1, 2026); 13D/G through April 29, 2026; short interest through September 15, 2026; the price file ends October 2, 2026. Six limits are specific to this audit. First, the roster expanded before the recent audits — from 85 managers (83 filing) to 149 (147 filing) — so "of 147" counts are not comparable to earlier pieces' "of 83" figures. Second, the tracked collection mixes period-ends in general, but for this name all seven holders sit on a June 30, 2026 period-end and none of the three September 30 early filers holds it, so every superinvestor figure here is a single-date figure. Third, the tracked growth is concentrated: Eagle Capital Management alone is 78.1% of the stake and its +319.6% label dominates the cohort's +168.5%; Energy Income Partners' +2145.1% label is computed off an 18,096-share first-quarter base and describes a 406,270-share position. Fourth, the full-market reported value was flat (-0.13%) while reported shares rose 18.95% and the filer count fell by 39; the value implies $52.45 per share against the $53.17 June 30 close (-1.35%, computed from the unrounded implied price), and filer and share counts are headlined. Fifth, the short-interest series contains one halving step, in July 2024, detailed in the short-interest note below; the series is published as collected. Sixth, the TipRanks screener listing (dated October 16, 2026 on the page) postdates the 13F snapshot and the short-interest series; the listing is known to this audit only from outside coverage, not from our own files, and none of its price figures are cited here beyond the listing's own printed target and market value, which are reported as screen content in The Hype; every other price figure here is from our own price file.
• Superinvestor lens: 147 managers in the collection (of a 149-manager roster; 144 at a June 30, 2026 period-end and 3 early filers at September 30, 2026, none of them holding this name) collected directly from SEC EDGAR Form 13F (managers_13f collection, regenerated October 15, 2026 for the expanded roster); EQT Corp positions are counted on the common-stock CUSIP 26884L109, long rows only. Seven distinct managers hold a long position at June 30, 2026, totalling 19,660,246 shares worth $1,045,335,298, with a direction count of 5 INCREASED and 2 DECREASED and no option rows. Eagle Capital Management's share of the stake is 78.1% = 15,356,952 / 19,660,246, at a 2.49% portfolio weight; Harry Burn - Sound Shore's is 8.0% = 1,565,288 / 19,660,246, and the top two together are 86.1% = 16,922,240 / 19,660,246. All seven holders are continuing holders, and every one verifies row by row against the first quarter under two independent methods that agree exactly. Under the rule used in the previous audits — a holder's first-quarter row accepted only when its implied shares-change reproduces the EDGAR shares-change label at one decimal place — the verified continuing total is 7,323,375 shares at March 31 moving to 19,660,246 at June 30 (+168.5%): Eagle Capital Management 3,659,954 → 15,356,952 (+319.6%), Harry Burn - Sound Shore 1,235,565 → 1,565,288 (+26.7%), W.H. Reaves & Co. 1,089,757 → 939,843 (-13.8%), Tortoise Capital Advisors 692,704 → 767,234 (+10.8%), Energy Income Partners 18,096 → 406,270 (+2145.1%), Muhlenkamp 401,242 → 402,243 (+0.2%), Arnold Van Den Berg - Century Management 226,057 → 222,416 (-1.6%). Because two recent audits found the generic accession-prefix method failing on shared filing-agent prefixes, the check was also rerun identifying filings by accession (filing total equal to the manager's collection total, unique) and pairing second- and first-quarter filings of the same manager by maximum CUSIP-set overlap under the same agent prefix (Arnold Van Den Berg - Century Management overlap 113 CUSIPs, Energy Income Partners 83, Tortoise Capital Advisors 82, W.H. Reaves & Co. 82, Eagle Capital Management 56, Harry Burn - Sound Shore 33, Muhlenkamp 27 — each uniquely the maximum); the corrected method returns the identical first-quarter rows, so no correction changes any figure here. The pipeline register then reconciles in both quarters once the two exits are counted (first quarter: 9 rows and 11,221,152 shares = the verified continuing total of 7,323,375 plus the two exited positions, Slate Path Capital's 3,886,288 shares and Lee Ainslie - Maverick Capital's 11,489; second quarter: 7 rows and 19,660,246 shares = the verified continuing 19,660,246, with no new holder — so the register change of +75.2% differs from the continuing cohort's +168.5% only because the exits sit in the first-quarter register). Implied per-share value: every long row implies $53.17, the June 30, 2026 close, so the cohort implied price is $53.17, 0.0% against the close. No tracked manager is labelled NEW for this name.
• Full-market lens: SEC Form 13F Data Sets full-market aggregation. The primary table is the full13f collection's by-ticker file (holders = distinct filers reporting the ticker's CUSIP; 1,097 reported long positions out of 1,104 filers). EQT Corp carries a single CUSIP in this aggregation (26884L109), and the backfill fixtures' by-CUSIP row matches the by-ticker row exactly on every field — holders (1,104), long holders (1,097), shares (585,185,941), reported value ($30,694,110,047), prior holders (1,143) and prior reported value ($30,734,316,390). The by-ticker file's entered/exited fields (967 and 1,006, a net of -39 that matches the change in holder count) are gross flows, so this audit headlines the net change. Reported-value caution: the aggregate value ($30,694,110,047 over 585,185,941 shares) implies $52.45 per share against a June 30, 2026 close of $53.17 in our price file, a gap of -1.35% computed from the unrounded implied price. The aggregate sums the VALUE of every information-table row — including put and call option rows — while the share count covers long common-stock rows only, so we headline filer and share counts and label dollar values "reported."
• Insider lens: full-parse Form 4 aggregation (agg_by_ticker), record as of October 2, 2026 (132 filings). Sale and purchase counts are transaction-code counts (S and P) in non-derivative rows; grants and exercises are not counted as purchases, and one filing can contain many transaction rows. The 90-day window (July 5 to October 2, 2026) holds 0 purchase transactions and 1 sale transaction (175,328 shares, $9,648,299.84, 0 buyers, 1 seller, 1 officer sale transaction) across 6 filings. The one-year window (October 3, 2025 to October 2, 2026) holds 0 purchases and 13 sales (425,872 shares, $24,279,579.37, 8 sellers, 12 officer sale transactions) across 69 filings, and the full record holds 0 purchases and 17 sales (480,629 shares, $27,016,555.69, 9 sellers, 14 officer sale transactions). The site's insider aggregate (90-day window, as of October 18, 2026) matches the full parse's 90-day window for this name exactly: 0 purchases, 1 sale transaction, 1 seller and $9,648,299.84 of sale value on both sides. Window price checks on our price file: the sales imply $55.03 per share in the 90-day window, inside its close range ($48.56 to $55.75); $57.01 over one year, inside its range ($48.56 to $67.93); and $56.21 over the full record, inside its full-period range ($16.19 to $67.93) — so dollar totals are cited for every window.
• 13D/G lens: full-parse SC 13D/G parsed filings (12 filings matching issuer CIK 33213 on CUSIP 26884L109: 0 SC 13D family filings, 12 SC 13G family filings — 3 SC 13G and 9 SC 13G/A, 9 of them amendments), filings through April 29, 2026. The site aggregation carries this name under a ticker-keyed row; that row (12 filings, 0 D-filings, 12 G-filings, 9 amendments, 10 reporters, latest date April 29, 2026, maximum 12.5%, total reported 795,628,004 shares) matches the parsed filings on filings, form mix, amendments, latest date, maximum and the cross-date reported total. The total sums reporter rows across filings and dates, so it is a filing-volume total, not a stake; joint and affiliated reporters on one stake (the four Wellington names, and the two AQR-style joint prints in other audits) each print their own share count and are not summed, and the separate Vanguard names (The Vanguard Group, Vanguard Capital Management, Vanguard Portfolio Management) are reported exactly as they appear in each file and are never summed. The maximum of 12.5% is The Vanguard Group's print of 74,836,918 shares as of June 30, 2025 (filed July 29, 2025, SC 13G/A); the same name printed 0 shares at 0.0% as of March 13, 2026 (filed March 26, 2026, SC 13G/A). The latest filings print Vanguard Capital Management at 46,650,272 shares (7.47%) and Vanguard Portfolio Management at 32,054,991 shares (5.13%), each as of March 31, 2026 (both filed April 29, 2026, SC 13G). Wellington Management Group LLP, Wellington Group Holdings LLP and Wellington Investment Advisors Holdings LLP each printed 53,342,161 shares (8.9%) as of December 31, 2024, with Wellington Management Company LLP printing the same share count at 8.6%; the four printed 45,891,224 shares (7.7%, Management Company 7.5%) as of March 31, 2025, and three of the names printed 26,539,413 shares (4.3%) as of December 31, 2025. T. Rowe Price Associates, Inc. printed 7.1% as of December 31, 2024, 5.9% as of March 31, 2025 and 2.2% as of June 30, 2025; BlackRock, Inc. printed 40,723,549 shares (6.8%) as of June 30, 2025; STATE STREET CORPORATION printed 33,586,388 shares (5.6%) as of March 31, 2025. The parsed coverage for this issuer holds these 12 filings; a 5% holder that has not filed in the covered window would not appear here.
• Congress lens: Senate PTR archive and House PTR archive as maintained on this site. The combined record (as of October 3, 2026) carries one member, 2 purchase transactions and 0 sale transactions, the last recorded purchase dated July 7, 2026, party R for this name; the House aggregate (as of October 3, 2026) carries the same row (one member, 2 purchases, 0 sales, last purchase July 7, 2026, party R, not marked as both chambers); the Senate aggregate (as of October 1, 2026) carries no row. The aggregates record counts and the last purchase date only; amounts and member identity are not in these aggregate files and are not stated here.
• Short interest lens: FINRA Equity Short Interest files (biweekly settlement dates), collected directly from FINRA's public distribution. This is the standard single-symbol case: the series is every row under symbol EQT, all 137 of them under the single issuer name "EQT CORP" exactly as printed in the files (the market-class column reads NYSE on every row; similar symbols in the files — EQBBF, EQTL, EQTY — are other issuers and are excluded), covering 137 settlements from January 15, 2021 (21,990,250 shares) to September 15, 2026, with all 137 settlement dates distinct. The latest reading is 22,369,263 shares on September 15, 2026, up 9.73% from the prior settlement (20,384,899 on August 31, 2026), up 5.1% from the June 30, 2026 settlement of 21,285,295 and up 18.8% from the year-ago settlement of 18,832,006 on September 15, 2025, at 3.79 days to cover. The series maximum is 42,627,705 on July 15, 2024 and the series minimum is 12,545,896 on March 31, 2021. Series discontinuity check — one halving step: exactly one single-settlement step in the series falls to 0.5 times or below — the July 31, 2024 settlement printed 20,736,045 shares, 0.486 times the July 15, 2024 settlement's series-maximum 42,627,705 (the FINRA file's own change figure for that settlement is -51.36%) — and no step reaches 2 times (the largest step is 1.434x, on March 15, 2024). Neither of the two July 2024 rows carries a FINRA stock-split or revision flag, and our own daily price file holds no single-day move of 1.5 times or more, or 0.6 times or less, anywhere in its history, so the step does not present as a split in either source; we report it as collected and do not adjust it. Exactly one row in the series carries a FINRA flag — a revision flag ("R") on June 15, 2021, at 13,804,313 shares — and no row carries a stock-split flag; the flagged row sits between ordinary readings and is not connected to the July 2024 step. The full series is published as collected, with no smoothing or rebasing. The recent path runs 21,285,295 (June 30), 20,683,827 (July 15), 18,171,312 (July 31), 19,177,291 (August 14), 20,384,899 (August 31) and 22,369,263 (September 15). FINRA publishes each settlement about two weeks after the fact, so the October price action is not yet in this series. The share-count ratio (3.58%) uses the fundamentals file's shares-outstanding figure below.
• Fundamentals note: our fundamentals collection carries EQT Corp's revenue of $8,644,211,000, net income of $2,039,247,000 and assets of $41,792,874,000, all three sourced to the financial-series cache and all labelled fiscal 2025, so this name carries no fiscal-vintage split. The file is marked ok for this name, with no missing fields: shares outstanding of 625,516,000 (sourced in the file to the DEI entity-common-stock shares-outstanding count, with a shares-end date of July 14, 2026) and a file-computed market value of $32,820,825,283.57. The file does not flag the issuer as a foreign private issuer, and it carries SIC 1311, Crude Petroleum & Natural Gas, and a NYSE listing. The file's price for the name is $52.47 as of October 6, 2026; our daily-close file ends October 2, 2026 at $50.17, and we keep the two files' figures separate rather than blending them.
• Prices: our own daily-close file for EQT through October 2, 2026 ($50.17 close, -6.4% year to date on that file; the 252-session closing high is $67.93 on March 25, 2026, so the last close sits 26.1% below it; the 252-session closing low is $48.56 on September 30, 2026, so the last close sits 3.3% above it; closes of $63.64 at March 31, 2026 and $53.17 at June 30, 2026, a second-quarter change of -16.5%; change from June 30 to October 2 of -5.6%; change from the September 30, 2025 close of $54.43 of -7.8%). The series in our price file begins June 1, 2021 at $21.77 and holds 1,342 rows.
• Market context sources: the TipRanks Trending Stocks by Analyst screener (full-page crawl, October 19, 2026), on which EQT followed SCHW and SMTC at the top of the page's order and covered names (BAC, RKLB, JBHT, BNY, BLK, UNH, ARWR and TRGP) and skipped names (TSM, IBKR, PNC, WSE, TTE and EADSF, skipped as recorded in earlier runs), and was listed as a Strong Buy with a price target of $66.17 (21.86% upside as printed), 4 Buy, 0 Hold and 0 Sell ratings, a printed change of +7.72%, a market value of $33.97B as printed, in Energy, dated October 16, 2026 on the page. Figures we could not confirm were left out; the external items above are reported speech from that outlet, not GetCoattail measurements, and none of its price figures are cited in this audit beyond the screener's printed target and market value as reported in The Hype.
• EQT Corp is in the GetCoattail stock-page universe: EQT Corp (EQT) stock page. Series data: eqt_lens_data.csv · eqt_short_interest_series.csv. Earlier audits: Texas Roadhouse · Arrowhead Pharmaceuticals.

Past patterns are not a promise of future results. For education only — not investment advice.

This article describes public filings as of the dates stated. It is not investment advice and makes no recommendation. Filings lag reality: 13F positions are as of June 30, 2026, and later trading is not yet public.

Revision history: v1.0 — October 19, 2026: first publication.