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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
+5.35%
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
$640M
AUM Growth
+$2.23M
Cap. Flow
-$52.3M
Cap. Flow %
-8.18%
Top 10 Hldgs %
52.9%
Holding
75
New
20
Increased
15
Reduced
16
Closed
15

Top Buys

Rank Stock Value
1
STR
Sitio Royalties
STR
+$45.7M
2
KNTK icon
Kinetik
KNTK
+$31.9M
3
NTG
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
+$21.3M
4
ETP
Energy Transfer Partners, L.P.
ETP
+$14.9M
5
EEQ
Enbridge Energy Management Llc
EEQ
+$14.4M

Top Sells

Rank Stock Value
1
VNOM icon
Viper Energy
VNOM
+$42M
2
NBLX
Noble Midstream Partners LP
NBLX
+$35.6M
3
ANDX
Andeavor Logistics LP
ANDX
+$26.4M
4
CVRR
CVR Refining, LP
CVRR
+$24.5M
5
RMP
Rice Midstream Partners LP
RMP
+$22.4M

Sector Composition

Rank Sector Weight
1 Energy 67.03%
2 Materials 3.31%
3 Industrials 2.52%
4 Utilities 1.52%
5 Technology 0.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETP
1
DELISTED
Energy Transfer Partners, L.P.
ETP
$53.3M 8.33%
2,394,442
+687,044
+40% +$14.9M
STR
2
DELISTED
Sitio Royalties
STR
$45.3M 7.08%
+1,052,220
New +$45.7M
TRGP icon
3
Targa Resources
TRGP
$58B
$45.1M 7.05%
800,294
+95,140
+13% +$5.08M
CNXM
4
DELISTED
CNX Midstream Partners LP
CNXM
$34.2M 5.34%
1,775,798
+664,725
+60% +$13.2M
NGL icon
5
NGL Energy Partners
NGL
$2.05B
$33.3M 5.21%
2,874,064
– –
KNTK icon
6
Kinetik
KNTK
$3.72B
$32M 5%
+314,710
New +$31.9M
EEQ
7
DELISTED
Enbridge Energy Management Llc
EEQ
$27.3M 4.27%
2,500,547
+1,350,135
+117% +$14.4M
VNOM icon
8
Viper Energy
VNOM
$8.71B
$22.7M 3.55%
539,917
-1,143,700
-68% -$42M
CEQP
9
DELISTED
Crestwood Equity Partners LP
CEQP
$22.7M 3.54%
616,943
+93,037
+18% +$3.4M
EPD icon
10
Enterprise Products Partners
EPD
$82.3B
$22.5M 3.52%
784,082
+309,426
+65% +$8.94M
NTG
11
DELISTED
Tortoise Midstream Energy Fund, Inc. Common Stock
NTG
$21.2M 3.31%
+131,661
New +$21.3M
LNG icon
12
Cheniere Energy
LNG
$55.2B
$18.1M 2.83%
260,409
+144,209
+124% +$9.29M
WES icon
13
CALL
Western Midstream Partners
WES
$19.2B
$17.9M 2.8%
+6,000
New +$210K
SEP
14
DELISTED
Spectra Engy Parters Lp
SEP
$15.5M 2.42%
434,285
-323,550
-43% -$12M
NINE
15
DELISTED
Nine Energy Service
NINE
$15.2M 2.38%
497,711
+50,534
+11% +$1.53M
EVA
16
DELISTED
Enviva Inc.
EVA
$14.9M 2.33%
468,739
+111,524
+31% +$3.41M
HESM icon
17
Hess Midstream
HESM
$5.24B
$12.7M 1.98%
556,058
+13,516
+2% +$299K
HCC icon
18
Warrior Met Coal
HCC
$4.19B
$12.6M 1.97%
466,701
-169,651
-27% -$4.33M
EQM
19
CALL
DELISTED
EQM Midstream Partners, LP
EQM
$12.4M 1.95%
+6,940
New +$378K
AM
20
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
$11.9M 1.86%
414,499
-220,791
-35% -$6.76M
ENBL
21
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$11.3M 1.76%
+669,411
New +$11.4M
GLNG icon
22
Golar LNG
GLNG
$5B
$10.4M 1.62%
373,143
+27,901
+8% +$739K
KMI icon
23
Kinder Morgan
KMI
$71.7B
$10.2M 1.6%
+576,488
New +$10.3M
CVI icon
24
CVR Energy
CVI
$3.58B
$10.1M 1.57%
+250,192
New +$9.39M
WES icon
25
Western Midstream Partners
WES
$19.2B
$10.1M 1.57%
336,112
+29,316
+10% +$1.03M
1
2 3

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HITE Hedge Asset Management's Q3 2018 Portfolio in Review

As of Q3 2018, HITE Hedge Asset Management held 75 positions worth $640M, up 0.35% from $637M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

HITE Hedge Asset Management withdrew a net $52.3M in Q3 2018, closing 15 positions and reducing 16 holdings. Its most notable exit was CVR Refining, LP, an estimated $24.5M position sold in full.

By sector, the portfolio is most concentrated in Energy at 67% of assets, up from 65% a quarter earlier, followed by Materials and Industrials.

Against the trend, HITE Hedge Asset Management opened a new position in Sitio Royalties worth $45.3M.

  • HITE Hedge Asset Management's largest Q3 2018 buy was Sitio Royalties: 1,052,220 shares worth $45.3M.
  • HITE Hedge Asset Management added most to Energy Transfer Partners, L.P. in Q3 2018, an estimated $14.9M increase.
  • HITE Hedge Asset Management's biggest Q3 2018 reduction was Viper Energy, cutting an estimated $42M.
  • HITE Hedge Asset Management fully exited CVR Refining, LP in Q3 2018, selling an estimated $24.5M.
  • HITE Hedge Asset Management's ten largest holdings make up 53% of its $640M portfolio in Q3 2018.
  • HITE Hedge Asset Management opened 20 new positions and closed 15 in Q3 2018.
  • HITE Hedge Asset Management's portfolio value rose 0.35% quarter-over-quarter to $640M.

Based on HITE Hedge Asset Management's 13F filing for Q3 2018, filed 14 Nov 2018.