AQR Arbitrage’s Hess HES Stock Holding History

AQR Arbitrage’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	-1,089,382	Closed	-$151M	–	477
2025 Q2	$151M	Buy	1,089,382 +466,913	+75%	+$63M	3.46%	1
2025 Q1	$99.4M	Buy	622,469 +106,430	+21%	+$15.6M	2.35%	3
2024 Q4	$68.3M	Buy	516,039 +158,828	+44%	+$22.2M	1.49%	10
2024 Q3	$47.4M	Sell	357,211 -3,002	-0.8%	-$418K	1.03%	19
2024 Q2	$53.1M	Buy	360,213 +95,736	+36%	+$14.7M	1.38%	12
2024 Q1	$40.2M	Buy	264,477 +48,148	+22%	+$6.99M	1.41%	12
2023 Q4	$31.2M	Buy	+216,329	New	+$31.7M	1.26%	13

Other funds holding HES

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

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

IFP Advisors Tampa, Florida $4.82B AUM 20.19% 1-Year Est. Return

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

SignatureFD Atlanta, Georgia $6.53B AUM 20.48% 1-Year Est. Return

AQR Arbitrage's HES Position: Q3 2025 in Review

AQR Arbitrage sold out of Hess (HES) in Q3 2025, closing a stake of 1,089,382 shares — an estimated $151M sold.

AQR Arbitrage first reported a position in HES in Q4 2023 and held it in 7 quarters. The position peaked at $151M in Q2 2025. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

AQR Arbitrage reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
AQR Arbitrage sold 1,089,382 Hess shares in Q3 2025, an estimated $151M.
AQR Arbitrage first reported a position in Hess in Q4 2023 and held it in 7 quarters.
AQR Arbitrage's Hess position peaked at $151M in Q2 2025.
7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on AQR Arbitrage's 13F filing for Q3 2025, filed 14 Nov 2025.