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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
+43.12%
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
$272M
AUM Growth
-$40.1M
(-13%)
Cap. Flow
-$117M
Cap. Flow
% of AUM
-43%
Top 10 Holdings %
Top 10 Hldgs %
48.69%
Holding
120
New
52
Increased
15
Reduced
19
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PE
PARSLEY ENERGY INC
PE
|
+$17.6M |
| 2 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$11.6M |
| 3 |
Plains GP Holdings
PAGP
|
+$11.5M |
| 4 |
CNXM
CNX Midstream Partners LP
CNXM
|
+$9.66M |
| 5 |
ETRN
Equitrans Midstream Corporation Common Stock
ETRN
|
+$7.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$52M |
| 2 |
Viper Energy
VNOM
|
+$34.2M |
| 3 |
MPLX
MPLX
|
+$31.2M |
| 4 |
ConocoPhillips
COP
|
+$24.1M |
| 5 |
NBL
Noble Energy, Inc.
NBL
|
+$19.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 60.11% |
| 2 | Industrials | 11.19% |
| 3 | Technology | 2.76% |
| 4 | Utilities | 1.93% |
| 5 | Consumer Staples | 1.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Emcor
EME
$36B
| – | – |
-4,800
| Closed | -$294K |
|
102
Emerson Electric
EMR
$88.3B
| – | – |
-42,900
| Closed | -$2.04M |
|
103
EOG Resources
EOG
$70.7B
| – | – |
-26,573
| Closed | -$955K |
|
104
EQT Corp
EQT
$32.3B
| – | – |
-43,001
| Closed | -$304K |
|
105
Eaton
ETN
$174B
| – | – |
-6,300
| Closed | -$489K |
|
106
Hess Midstream
HESM
$5.11B
| – | – |
-297,027
| Closed | -$3.02M |
|
107
Honeywell
HON
$78B
| – | – |
-18,419
| Closed | -$2.32M |
|
108
Jacobs Solutions
J
$17B
| – | – |
-43,886
| Closed | -$2.88M |
|
109
NRG Energy
NRG
$24.8B
| – | – |
-495,646
| Closed | -$13.5M |
|
110
Suburban Propane Partners
SPH
$1.17B
| – | – |
-20,588
| Closed | -$291K |
|
111
Sempra
SRE
$54.8B
| – | – |
-16,400
| Closed | -$927K |
|
112
Steel Dynamics
STLD
$37.6B
| – | – |
-14,400
| Closed | -$325K |
|
113
Sunoco
SUN
$13.3B
| – | – |
-87,098
| Closed | -$1.36M |
|
114
CVR Partners
UAN
$1.34B
| – | – |
-20,830
| Closed | -$215K |
|
115
Verizon
VZ
$196B
| – | – |
-9,300
| Closed | -$500K |
|
|
116
Williams Companies
WMB
$86.1B
| – | – |
-3,675,818
| Closed | -$52M |
|
117
State Street Utilities Select Sector SPDR ETF
XLU
$22.5B
| – | – |
-62,574
| Closed | -$1.73M |
|
|
RTLR
118
DELISTED
Rattler Midstream LP Common Units
RTLR
| – | – |
-3,945,248
| Closed | -$13.7M |
|
|
EQM
119
DELISTED
EQM Midstream Partners, LP
EQM
| – | – |
-401,157
| Closed | -$4.73M |
|
|
TGE
120
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| – | – |
-104,300
| Closed | -$1.72M |
|
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HITE Hedge Asset Management's Q2 2020 Portfolio in Review
As of Q2 2020, HITE Hedge Asset Management held 120 positions worth $272M, down 13% from $312M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
HITE Hedge Asset Management withdrew a net $117M in Q2 2020, closing 28 positions and reducing 19 holdings. Its most notable exit was Williams Companies, an estimated $52M position sold in full.
By sector, the portfolio is most concentrated in Energy at 60% of assets, down from 70% a quarter earlier, followed by Industrials and Technology.
Against the trend, HITE Hedge Asset Management opened a new position in Royal Dutch Shell PLC ADS Class B worth $10.8M.
- HITE Hedge Asset Management's largest Q2 2020 buy was Royal Dutch Shell PLC ADS Class B: 355,785 shares worth $10.8M.
- HITE Hedge Asset Management added most to PARSLEY ENERGY INC in Q2 2020, an estimated $17.6M increase.
- HITE Hedge Asset Management's biggest Q2 2020 reduction was Viper Energy, cutting an estimated $34.2M.
- HITE Hedge Asset Management fully exited Williams Companies in Q2 2020, selling an estimated $52M.
- HITE Hedge Asset Management's ten largest holdings make up 49% of its $272M portfolio in Q2 2020.
- HITE Hedge Asset Management opened 52 new positions and closed 28 in Q2 2020.
- HITE Hedge Asset Management's portfolio value fell 13% quarter-over-quarter to $272M.
Based on HITE Hedge Asset Management's 13F filing for Q2 2020, filed 14 Aug 2020.