Central Securities’s Hess HES Stock Holding History

Central Securities’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	-250,000	Closed	-$34.6M	–	30
2025 Q2	$34.6M	Hold	250,000	–	–	3.06%	14
2025 Q1	$39.9M	Sell	250,000 -25,000	-9%	-$3.68M	3.8%	10
2024 Q4	$36.6M	Hold	275,000	–	–	3.49%	11
2024 Q3	$37.3M	Hold	275,000	–	–	3.62%	11
2024 Q2	$40.6M	Sell	275,000 -35,000	-11%	-$5.36M	4%	10
2024 Q1	$47.3M	Sell	310,000 -55,000	-15%	-$7.99M	4.78%	8
2023 Q4	$52.6M	Hold	365,000	–	–	5.71%	4
2023 Q3	$55.8M	Sell	365,000 -55,000	-13%	-$8.28M	6.82%	4
2023 Q2	$57.1M	Sell	420,000 -20,000	-5%	-$2.74M	6.79%	4
2023 Q1	$58.2M	Sell	440,000 -10,000	-2%	-$1.39M	7.26%	4
2022 Q4	$63.8M	Sell	450,000 -10,000	-2%	-$1.37M	8.25%	2
2022 Q3	$50.1M	Hold	460,000	–	–	7.07%	4
2022 Q2	$48.7M	Sell	460,000 -40,000	-8%	-$4.52M	6.5%	5
2022 Q1	$53.5M	Sell	500,000 -15,000	-3%	-$1.42M	5.68%	4
2021 Q4	$38.1M	Sell	515,000 -30,000	-6%	-$2.43M	3.79%	10
2021 Q3	$42.6M	Sell	545,000 -45,000	-8%	-$3.31M	4.51%	8
2021 Q2	$51.5M	Sell	590,000 -10,000	-2%	-$807K	5.31%	4
2021 Q1	$42.5M	Hold	600,000	–	–	4.84%	5
2020 Q4	$31.7M	Sell	600,000 -100,000	-14%	-$4.55M	4.1%	10
2020 Q3	$28.7M	Hold	700,000	–	–	4.44%	9
2020 Q2	$36.3M	Hold	700,000	–	–	5.75%	4
2020 Q1	$23.3M	Hold	700,000	–	–	4.36%	7
2019 Q4	$46.8M	Hold	700,000	–	–	6.69%	4
2019 Q3	$42.3M	Hold	700,000	–	–	6.37%	5
2019 Q2	$44.5M	Hold	700,000	–	–	6.78%	3
2019 Q1	$42.2M	Hold	700,000	–	–	6.69%	4
2018 Q4	$28.4M	Hold	700,000	–	–	5.22%	5
2018 Q3	$50.1M	Hold	700,000	–	–	7.58%	2
2018 Q2	$46.8M	Hold	700,000	–	–	7.29%	2
2018 Q1	$35.4M	Buy	700,000 +140,000	+25%	+$6.86M	5.85%	4
2017 Q4	$26.6M	Buy	560,000 +90,000	+19%	+$4.06M	4.26%	6
2017 Q3	$22M	Buy	470,000 +240,000	+104%	+$10.2M	3.77%	6
2017 Q2	$10.1M	Buy	+230,000	New	+$10.7M	1.8%	22

Other funds holding HES

DekaBank Deutsche Girozentrale Frankfurt, Germany $59.2B AUM 26.02% 1-Year Est. Return

Osaic Holdings Scottsdale, Arizona $85.1B AUM 27.35% 1-Year Est. Return

BIG

Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

HNB

Huntington National Bank Columbus, Ohio $20.6B AUM 34.61% 1-Year Est. Return

SignatureFD Atlanta, Georgia $7.49B AUM 24.82% 1-Year Est. Return

Central Securities's HES Position: Q3 2025 in Review

Central Securities sold out of Hess (HES) in Q3 2025, closing a stake of 250,000 shares — an estimated $34.6M sold.

Central Securities first reported a position in HES in Q2 2017 and held it in 33 quarters. The position peaked at $63.8M in Q4 2022. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

Central Securities reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
Central Securities sold 250,000 Hess shares in Q3 2025, an estimated $34.6M.
Central Securities first reported a position in Hess in Q2 2017 and held it in 33 quarters.
Central Securities's Hess position peaked at $63.8M in Q4 2022.
7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on Central Securities's 13F filing for Q3 2025, filed 12 Nov 2025.