Elliott Management’s Hess HES Stock Holding History

Elliott 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
2019 Q4	–	Sell	-6,700,000	Closed	-$405M	–	62
2019 Q3	$405M	Sell	6,700,000 -9,554,358	-59%	-$595M	3.38%	11
2019 Q2	$1.03B	Sell	16,254,358 -5,690,642	-26%	-$352M	6.92%	4
2019 Q1	$1.32B	Hold	21,945,000	–	–	8.29%	4
2018 Q4	$889M	Hold	21,945,000	–	–	6.36%	5
2018 Q3	$1.57B	Hold	21,945,000	–	–	6.89%	4
2018 Q2	$1.47B	Buy	21,945,000 +525,000	+2%	+$31.4M	7.27%	5
2018 Q1	$1.08B	Buy	21,420,000 +300,000	+1%	+$14.7M	6.09%	5
2017 Q4	$1B	Buy	21,120,000 +500	+0%	+$22.6K	6.28%	4
2017 Q3	$990M	Buy	21,119,500 +2,319,500	+12%	+$98.1M	5.84%	4
2017 Q2	$825M	Hold	18,800,000	–	–	5.17%	5
2017 Q1	$906M	Hold	18,800,000	–	–	6.82%	4
2016 Q4	$1.17B	Hold	18,800,000	–	–	8.78%	2
2016 Q3	$1.01B	Hold	18,800,000	–	–	8.23%	2
2016 Q2	$1.13B	Hold	18,800,000	–	–	9.72%	2
2016 Q1	$990M	Buy	18,800,000 +1,000,000	+6%	+$44.2M	10.39%	2
2015 Q4	$863M	Hold	17,800,000	–	–	10.44%	2
2015 Q3	$891M	Hold	17,800,000	–	–	17.06%	1
2015 Q2	$1.19B	Hold	17,800,000	–	–	16.69%	1
2015 Q1	$1.21B	Hold	17,800,000	–	–	14.85%	1
2014 Q4	$1.31B	Hold	17,800,000	–	–	13.7%	1
2014 Q3	$1.68B	Buy	17,800,000 +500,000	+3%	+$49.4M	19.09%	1
2014 Q2	$1.71B	Hold	17,300,000	–	–	23.9%	1
2014 Q1	$1.43B	Buy	17,300,000 +205,000	+1%	+$16.3M	28.12%	1
2013 Q4	$1.42B	Hold	17,095,000	–	–	32.19%	1
2013 Q3	$1.32B	Buy	17,095,000 +445,000	+3%	+$33.2M	24.3%	1
2013 Q2	$1.11B	Buy	+16,650,000	New	+$1.15B	21.3%	1

Other funds holding HES

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $30.5B AUM 29.95% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

UBS AM Chicago, Illinois $481B AUM 26.39% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Elliott Management's HES Position: Q4 2019 in Review

Elliott Management sold out of Hess (HES) in Q4 2019, closing a stake of 6,700,000 shares — an estimated $405M sold.

Elliott Management first reported a position in HES in Q2 2013 and held it in 26 quarters. The position peaked at $1.71B in Q2 2014. 559 funds tracked by Wall St. Rank hold HES as of Q4 2019.

Elliott Management reported no remaining Hess position as of Q4 2019 after selling out during the quarter.
Elliott Management sold 6,700,000 Hess shares in Q4 2019, an estimated $405M.
Elliott Management first reported a position in Hess in Q2 2013 and held it in 26 quarters.
Elliott Management's Hess position peaked at $1.71B in Q2 2014.
559 funds tracked by Wall St. Rank held Hess as of Q4 2019.

Based on Elliott Management's 13F filing for Q4 2019, filed 14 Feb 2020.