AAM
HES

Alpine Associates Management’s Hess HES Stock Holding History

Alpine Associates Management’s Portfolio HES Stock Details HES Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q3 		– Sell
-1,531,496
Closed -$212M – 84
2025
Q2 		$212M Sell
1,531,496
-33,400
-2% -$4.51M 11.32% 1
2025
Q1 		$250M Sell
1,564,896
-94,800
-6% -$13.9M 13.09% 1
2024
Q4 		$221M Sell
1,659,696
-60,500
-4% -$8.45M 13.39% 1
2024
Q3 		$234M Buy
1,720,196
+56,396
+3% +$7.85M 10.7% 1
2024
Q2 		$245M Sell
1,663,800
-38,500
-2% -$5.9M 11.74% 1
2024
Q1 		$260M Buy
1,702,300
+57,600
+4% +$8.37M 10.13% 1
2023
Q4 		$237M Buy
+1,644,700
New +$241M 12.16% 1

Other funds holding HES

DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return
Osaic Holdings
Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return
BIG
Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return
IA
IFP Advisors Tampa, Florida $4.82B AUM 20.19% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
HNB
Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return
S
SignatureFD Atlanta, Georgia $6.53B AUM 20.48% 1-Year Est. Return

Alpine Associates Management's HES Position: Q3 2025 in Review

Alpine Associates Management sold out of Hess (HES) in Q3 2025, closing a stake of 1,531,496 shares — an estimated $212M sold.

Alpine Associates Management first reported a position in HES in Q4 2023 and held it in 7 quarters. The position peaked at $260M in Q1 2024. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

  • Alpine Associates Management reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
  • Alpine Associates Management sold 1,531,496 Hess shares in Q3 2025, an estimated $212M.
  • Alpine Associates Management first reported a position in Hess in Q4 2023 and held it in 7 quarters.
  • Alpine Associates Management's Hess position peaked at $260M in Q1 2024.
  • 7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on Alpine Associates Management's 13F filing for Q3 2025, filed 6 Nov 2025.