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HHAM
HITE Hedge Asset Management Portfolio holdings
AUM
$1.83B
1-Year Est. Return
34.36%
This Fund
S&P 500
This Quarter
Est. Return
+0.51%
1 Year Est. Return
+34.36%
3 Year Est. Return
+54.42%
5 Year Est. Return
+75.24%
10 Year Est. Return
+149.82%
AUM
$866M
AUM Growth
-$471M
(-35%)
Cap. Flow
-$475M
Cap. Flow
% of AUM
-54.85%
Top 10 Holdings %
Top 10 Hldgs %
43.39%
Holding
115
New
20
Increased
24
Reduced
35
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PR
Permian Resources
PR
|
+$21.9M |
| 2 |
Kodiak Gas Services
KGS
|
+$17.6M |
| 3 |
Spire
SR
|
+$17.5M |
| 4 |
Toyota
TM
|
+$14.2M |
| 5 |
MRO
Marathon Oil Corporation
MRO
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTE Energy
DTE
|
+$56.2M |
| 2 |
ConocoPhillips
COP
|
+$42.7M |
| 3 |
Murphy Oil
MUR
|
+$42.6M |
| 4 |
Targa Resources
TRGP
|
+$37.5M |
| 5 |
Entergy
ETR
|
+$36.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 43.02% |
| 2 | Utilities | 36.44% |
| 3 | Consumer Discretionary | 9.8% |
| 4 | Industrials | 3.89% |
| 5 | Materials | 3.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CF Industries
CF
$20B
| $4.36M | 0.5% |
62,760
-40,177
| -39% | -$2.8M |
|
52
PG&E
PCG
$29.4B
| $4.32M | 0.5% |
250,000
| – | – |
|
|
EVA
53
DELISTED
Enviva Inc.
EVA
| $4.05M | 0.47% |
+373,409
| New | +$5.44M |
|
|
TE
54
T1 Energy
TE
$1.2B
| $3.47M | 0.4% |
371,293
-315,569
| -46% | -$2.37M |
|
55
BorgWarner
BWA
$12.7B
| $3.45M | 0.4% |
+80,076
| New | +$3.29M |
|
56
Corteva
CTVA
$54B
| $3.23M | 0.37% |
56,367
+21,204
| +60% | +$1.24M |
|
57
Clean Energy Fuels
CLNE
$375M
| $3.22M | 0.37% |
648,994
+305,961
| +89% | +$1.34M |
|
58
Evergy
EVRG
$18.5B
| $3.12M | 0.36% |
53,421
-395,880
| -88% | -$23.9M |
|
|
CTRA
59
DELISTED
Coterra Energy
CTRA
| $3.06M | 0.35% |
120,813
+69
| +0.1% | +$1.72K |
|
|
60
Murphy Oil
MUR
$5.48B
| $2.63M | 0.3% |
68,719
-1,152,622
| -94% | -$42.6M |
|
61
Lear
LEA
$6.08B
| $2.47M | 0.29% |
17,224
-78,620
| -82% | -$10.4M |
|
62
Dana Inc
DAN
$3.22B
| $2.33M | 0.27% |
137,060
-338,216
| -71% | -$4.94M |
|
63
Rockwell Automation
ROK
$46.1B
| $2.26M | 0.26% |
6,868
| – | – |
|
64
Rivian
RIVN
$22.1B
| $2.26M | 0.26% |
135,667
+102,743
| +312% | +$1.44M |
|
65
Algonquin Power & Utilities
AQN
$4.1B
| $2.21M | 0.26% |
267,440
+66,040
| +33% | +$561K |
|
66
Beam Global
BEEM
$30.6M
| $2.07M | 0.24% |
+200,000
| New | +$2.19M |
|
67
Aurora
AUR
$12.7B
| $1.89M | 0.22% |
641,844
+19,768
| +3% | +$33.1K |
|
68
International Flavors & Fragrances
IFF
$21.5B
| $1.84M | 0.21% |
+23,139
| New | +$1.99M |
|
|
NESR
69
National Energy Services Reunited Corp
NESR
$3.18B
| $1.78M | 0.21% |
602,077
+21,388
| +4% | +$96.1K |
|
70
FMC
FMC
$1.35B
| $1.77M | 0.2% |
16,969
-19,924
| -54% | -$2.24M |
|
71
Harley-Davidson
HOG
$2.79B
| $1.7M | 0.2% |
48,419
-11,970
| -20% | -$418K |
|
72
Ally Financial
ALLY
$12.3B
| $1.66M | 0.19% |
+61,636
| New | +$1.64M |
|
|
LAC
73
DELISTED
Lithium Americas Corp. Common Shares
LAC
| $1.57M | 0.18% |
+77,811
| New | +$1.6M |
|
74
OPAL Fuels
OPAL
$58.2M
| $1.42M | 0.16% |
+189,761
| New | +$1.32M |
|
75
State Street SPDR S&P 500 ETF Trust
SPY
$795B
| $1.33M | 0.15% |
3,000
| – | – |
|
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HITE Hedge Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, HITE Hedge Asset Management held 115 positions worth $866M, down 35% from $1.34B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
HITE Hedge Asset Management withdrew a net $475M in Q2 2023, closing 27 positions and reducing 35 holdings. Its most notable exit was Xcel Energy, an estimated $27.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 43% of assets, down from 43% a quarter earlier, followed by Utilities and Consumer Discretionary.
Against the trend, HITE Hedge Asset Management opened a new position in Kodiak Gas Services worth $17.9M.
- HITE Hedge Asset Management's largest Q2 2023 buy was Kodiak Gas Services: 1,100,000 shares worth $17.9M.
- HITE Hedge Asset Management added most to Permian Resources in Q2 2023, an estimated $21.9M increase.
- HITE Hedge Asset Management's biggest Q2 2023 reduction was DTE Energy, cutting an estimated $56.2M.
- HITE Hedge Asset Management fully exited Xcel Energy in Q2 2023, selling an estimated $27.2M.
- HITE Hedge Asset Management's ten largest holdings make up 43% of its $866M portfolio in Q2 2023.
- HITE Hedge Asset Management opened 20 new positions and closed 27 in Q2 2023.
- HITE Hedge Asset Management's portfolio value fell 35% quarter-over-quarter to $866M.
Based on HITE Hedge Asset Management's 13F filing for Q2 2023, filed 11 Aug 2023.