Ethan H. Bellamy
Senior Research Analyst
Master Limited Partnerships


Ethan Bellamy is Baird’s senior analyst covering Master Limited Partnerships (MLPs) and U.S. Royalty Trusts. Prior to joining Baird in 2010, he was a sell-side analyst at Wunderlich Securities in Denver for two years. Prior to rejoining sell-side research, he worked on the buy-side as the Director of Research for the Lehman Brothers MLP Opportunity Funds in Lehman Private Equity in Houston, TX. Prior to joining Lehman, Ethan covered MLPs at Stifel Nicolaus as a senior analyst. He began his career at Stifel covering cable and media equities out of Denver. Ethan was the No. 2 stock picker in the U.S. in 2010 in the Starmine/Financial Times annual survey. He was the No. 1 stock picker in the oil, gas and consumable fuels sector in the 2009 survey. Ethan holds a BA from Clemson University and an MA from the University of Colorado-Boulder.











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