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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
Cap. Flow
-$475M
Cap. Flow %
-54.85%
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
KGS icon
Kodiak Gas Services
KGS
+$17.6M
3
SR icon
Spire
SR
+$17.5M
4
TM icon
Toyota
TM
+$14.2M
5
MRO
Marathon Oil Corporation
MRO
+$12.6M

Top Sells

Rank Stock Value
1
DTE icon
DTE Energy
DTE
+$56.2M
2
COP icon
ConocoPhillips
COP
+$42.7M
3
MUR icon
Murphy Oil
MUR
+$42.6M
4
TRGP icon
Targa Resources
TRGP
+$37.5M
5
ETR icon
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
NEE icon
101
NextEra Energy
NEE
$168B
– –
-75,600
Closed -$5.83M
NTR icon
102
Nutrien
NTR
$37.1B
– –
-26,862
Closed -$1.98M
OVV icon
103
Ovintiv
OVV
$17.4B
– –
-734,646
Closed -$26.5M
PAGP icon
104
Plains GP Holdings
PAGP
$5.48B
– –
-304,620
Closed -$4M
PSNY icon
105
Polestar Automotive Holding UK
PSNY
$1.2B
– –
-4,902
Closed -$557K
SEDG icon
106
SolarEdge
SEDG
$2.13B
– –
-18,000
Closed -$5.47M
STLA icon
107
Stellantis
STLA
$14.3B
– –
-338,332
Closed -$6.15M
UNP icon
108
Union Pacific
UNP
$167B
– –
-10,000
Closed -$2.01M
WMB icon
109
Williams Companies
WMB
$86.7B
– –
-451,199
Closed -$13.5M
XEL icon
110
Xcel Energy
XEL
$45.4B
– –
-403,812
Closed -$27.2M
SWN
111
DELISTED
Southwestern Energy Company
SWN
– –
-500,000
Closed -$2.5M
LICY
112
DELISTED
Li-Cycle Holdings Corp.
LICY
– –
-9,728
Closed -$438K
FSR
113
DELISTED
Fisker Inc.
FSR
– –
-104,691
Closed -$643K
RONI.WS
114
DELISTED
Rice Acquisition Corp. II Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
RONI.WS
– –
-164,583
Closed -$241K
YTPG
115
DELISTED
TPG Pace Beneficial II Corp.
YTPG
– –
-584,955
Closed -$5.83M
1 2 3 4
5

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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.