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HHAM
HITE Hedge Asset Management Portfolio holdings
AUM
$1.77B
1-Year Est. Return
38.67%
This Fund
S&P 500
This Quarter
Est. Return
-10.55%
1 Year Est. Return
+38.67%
3 Year Est. Return
+57.92%
5 Year Est. Return
+95.85%
10 Year Est. Return
+238.71%
AUM
$488M
AUM Growth
-$145M
(-23%)
Cap. Flow
-$68.2M
Cap. Flow
% of AUM
-13.98%
Top 10 Holdings %
Top 10 Hldgs %
56.5%
Holding
86
New
15
Increased
20
Reduced
27
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Targa Resources
TRGP
|
+$25.3M |
| 2 |
Antero Resources
AR
|
+$25M |
| 3 |
Enterprise Products Partners
EPD
|
+$21.7M |
| 4 |
SBE.U
Switchback Energy Acquisition Corporation
SBE.U
|
+$20M |
| 5 |
Plains All American Pipeline
PAA
|
+$10.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PSXP
PHILLIPS 66 PARTNERS LP
PSXP
|
+$35.4M |
| 2 |
Viper Energy
VNOM
|
+$34.2M |
| 3 |
Plains GP Holdings
PAGP
|
+$26.5M |
| 4 |
CNXM
CNX Midstream Partners LP
CNXM
|
+$17M |
| 5 |
MNRL
Brigham Minerals, Inc. Class A Common Stock
MNRL
|
+$13.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 72.7% |
| 2 | Industrials | 4.06% |
| 3 | Materials | 1.3% |
| 4 | Technology | 0.34% |
| 5 | Healthcare | 0.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Automatic Data Processing
ADP
$107B
| $549K | 0.11% |
3,400
| – | – |
|
52
Suncor Energy
SU
$74.5B
| $542K | 0.11% |
+17,150
| New | +$516K |
|
53
ConocoPhillips
COP
$140B
| $537K | 0.11% |
9,416
-299
| -3% | -$17K |
|
|
PR
54
Permian Resources
PR
$16.8B
| $527K | 0.11% |
+116,629
| New | +$626K |
|
55
Talos Energy
TALO
$2.39B
| $496K | 0.1% |
24,411
-8,280
| -25% | -$179K |
|
|
WPX
56
DELISTED
WPX Energy, Inc.
WPX
| $491K | 0.1% |
+46,356
| New | +$489K |
|
|
CPE
57
DELISTED
Callon Petroleum Company
CPE
| $467K | 0.1% |
10,763
+5,754
| +115% | +$281K |
|
58
Marathon Petroleum
MPC
$88.4B
| $449K | 0.09% |
7,396
+2,904
| +65% | +$153K |
|
59
JPMorgan Chase
JPM
$955B
| $399K | 0.08% |
3,392
| – | – |
|
|
CTRA
60
DELISTED
Coterra Energy
CTRA
| $387K | 0.08% |
+22,035
| New | +$423K |
|
|
VTLE
61
DELISTED
Vital Energy
VTLE
| $360K | 0.07% |
7,459
-2,431
| -25% | -$134K |
|
62
Johnson & Johnson
JNJ
$622B
| $359K | 0.07% |
2,771
| – | – |
|
|
NINE
63
DELISTED
Nine Energy Service
NINE
| $330K | 0.07% |
53,495
-396,703
| -88% | -$3.89M |
|
64
Cintas
CTAS
$80.1B
| $282K | 0.06% |
4,200
| – | – |
|
65
iShares MSCI Emerging Markets ETF
EEM
$29.6B
| $276K | 0.06% |
6,750
| – | – |
|
|
CXO
66
DELISTED
CONCHO RESOURCES INC.
CXO
| $273K | 0.06% |
+4,015
| New | +$327K |
|
|
NEX
67
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $242K | 0.05% |
40,000
+9,335
| +30% | +$54.7K |
|
68
3M
MMM
$93.9B
| $210K | 0.04% |
1,531
| – | – |
|
69
Jacobs Solutions
J
$17B
| $205K | 0.04% |
+2,711
| New | +$194K |
|
70
Abbott
ABT
$181B
| $201K | 0.04% |
2,400
| – | – |
|
|
CIVI
71
DELISTED
Civitas Resources
CIVI
| – | – |
-30,756
| Closed | -$642K |
|
72
Chevron
CVX
$372B
| – | – |
-4,247
| Closed | -$528K |
|
73
iShares China Large-Cap ETF
FXI
$4.31B
| – | – |
-4,880
| Closed | -$209K |
|
74
Global Partners
GLP
$1.65B
| – | – |
-14,584
| Closed | -$290K |
|
75
Warrior Met Coal
HCC
$4.39B
| – | – |
-107,135
| Closed | -$2.8M |
|
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HITE Hedge Asset Management's Q3 2019 Portfolio in Review
As of Q3 2019, HITE Hedge Asset Management held 86 positions worth $488M, down 23% from $633M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
HITE Hedge Asset Management withdrew a net $68.2M in Q3 2019, closing 16 positions and reducing 27 holdings. Its most notable exit was PHILLIPS 66 PARTNERS LP, an estimated $35.4M position sold in full.
By sector, the portfolio is most concentrated in Energy at 73% of assets, down from 79% a quarter earlier, followed by Industrials and Materials.
Against the trend, HITE Hedge Asset Management opened a new position in Switchback Energy Acquisition Corporation worth $20M.
- HITE Hedge Asset Management's largest Q3 2019 buy was Switchback Energy Acquisition Corporation: 2,000,000 shares worth $20M.
- HITE Hedge Asset Management added most to Targa Resources in Q3 2019, an estimated $25.3M increase.
- HITE Hedge Asset Management's biggest Q3 2019 reduction was Viper Energy, cutting an estimated $34.2M.
- HITE Hedge Asset Management fully exited PHILLIPS 66 PARTNERS LP in Q3 2019, selling an estimated $35.4M.
- HITE Hedge Asset Management's ten largest holdings make up 57% of its $488M portfolio in Q3 2019.
- HITE Hedge Asset Management opened 15 new positions and closed 16 in Q3 2019.
- HITE Hedge Asset Management's portfolio value fell 23% quarter-over-quarter to $488M.
Based on HITE Hedge Asset Management's 13F filing for Q3 2019, filed 14 Nov 2019.