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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 | |
|---|---|---|---|---|---|---|
76
Magna International
MGA
$17.1B
| $1.1M | 0.13% |
19,486
-91,000
| -82% | -$4.82M |
|
|
PLL
77
DELISTED
Piedmont Lithium
PLL
| $824K | 0.1% |
+14,272
| New | +$817K |
|
78
NET Power Inc Warrants
NPWR.WS
$25.4M
| $640K | 0.07% |
+190,526
| New | +$659K |
|
|
LEV
79
DELISTED
The Lion Electric Company
LEV
| $626K | 0.07% |
338,564
| – | – |
|
80
Algoma Steel
ASTL
$448M
| $609K | 0.07% |
85,843
-429,434
| -83% | -$3.19M |
|
81
Autoliv
ALV
$8.49B
| $599K | 0.07% |
7,047
-72,524
| -91% | -$6.28M |
|
|
GODNU
82
DELISTED
Golden Star Acquisition Corporation Unit
GODNU
| $521K | 0.06% |
+50,000
| New | +$512K |
|
83
Lam Research
LRCX
$337B
| $434K | 0.05% |
6,750
| – | – |
|
84
Costco
COST
$396B
| $361K | 0.04% |
670
| – | – |
|
85
UnitedHealth
UNH
$337B
| $264K | 0.03% |
550
| – | – |
|
86
Cintas
CTAS
$79.8B
| $224K | 0.03% |
1,800
| – | – |
|
87
Amazon
AMZN
$2.65T
| $209K | 0.02% |
+1,600
| New | +$183K |
|
88
Honda
HMC
$41.7B
| $204K | 0.02% |
+6,738
| New | +$190K |
|
89
Aptiv
APTV
$9B
| – | – |
-27,645
| Closed | -$3.1M |
|
90
Axalta
AXTA
$7.12B
| – | – |
-123,257
| Closed | -$3.73M |
|
91
Bloom Energy
BE
$79.5B
| – | – |
-92,240
| Closed | -$1.84M |
|
92
Chord Energy
CHRD
$8.04B
| – | – |
-27,784
| Closed | -$3.74M |
|
93
CNX Resources
CNX
$4.99B
| – | – |
-621,545
| Closed | -$9.96M |
|
94
Darling Ingredients
DAR
$10.3B
| – | – |
-30,000
| Closed | -$1.75M |
|
95
HF Sinclair
DINO
$20.3B
| – | – |
-134,985
| Closed | -$6.53M |
|
96
Dow Inc
DOW
$21.7B
| – | – |
-143,079
| Closed | -$7.84M |
|
97
Enphase Energy
ENPH
$4.7B
| – | – |
-25,000
| Closed | -$5.26M |
|
98
FedEx
FDX
$71.4B
| – | – |
-30,000
| Closed | -$6.85M |
|
99
FirstEnergy
FE
$26.3B
| – | – |
-15,687
| Closed | -$628K |
|
100
Linde
LIN
$213B
| – | – |
-13,118
| Closed | -$4.66M |
|
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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.