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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 | |
|---|---|---|---|---|---|---|
76
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.91B
| – | – |
-4,876
| Closed | -$531K |
|
77
Murphy Oil
MUR
$5.17B
| – | – |
-18,310
| Closed | -$451K |
|
|
78
Plains GP Holdings
PAGP
$4.96B
| – | – |
-1,061,423
| Closed | -$26.5M |
|
79
SM Energy
SM
$6.96B
| – | – |
-39,811
| Closed | -$498K |
|
80
Valero Energy
VLO
$87.1B
| – | – |
-3,016
| Closed | -$258K |
|
|
GER
81
DELISTED
Goldman Sachs MLP Energy Renaissance Fund
GER
| – | – |
-46,176
| Closed | -$2.19M |
|
|
MNRL
82
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| – | – |
-632,519
| Closed | -$13.6M |
|
|
GPOR
83
DELISTED
Gulfport Energy Corp.
GPOR
| – | – |
-64,973
| Closed | -$319K |
|
|
CJ
84
DELISTED
C&J Energy Services, Inc.
CJ
| – | – |
-39,225
| Closed | -$462K |
|
|
WLL
85
DELISTED
Whiting Petroleum Corporation
WLL
| – | – |
-549
| Closed | -$770K |
|
|
PSXP
86
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| – | – |
-717,550
| Closed | -$35.4M |
|
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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.