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.