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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 | |
|---|---|---|---|---|---|---|
|
RTLR
1
DELISTED
Rattler Midstream LP Common Units
RTLR
| $38.5M | 7.88% |
2,159,356
+46,033
| +2% | +$852K |
|
2
Energy Transfer Partners
ET
$70.1B
| $35.7M | 7.32% |
2,732,251
-730,028
| -21% | -$10.2M |
|
|
3
Targa Resources
TRGP
$58B
| $33.9M | 6.94% |
843,292
+662,689
| +367% | +$25.3M |
|
|
STR
4
DELISTED
Sitio Royalties
STR
| $33.1M | 6.78% |
1,437,881
-44,100
| -3% | -$1.23M |
|
|
5
Enterprise Products Partners
EPD
$82.3B
| $29.6M | 6.07% |
1,035,765
+745,614
| +257% | +$21.7M |
|
|
6
Viper Energy
VNOM
$8.71B
| $26.3M | 5.39% |
951,232
-1,148,328
| -55% | -$34.2M |
|
7
Golar LNG
GLNG
$5B
| $20.2M | 4.13% |
1,551,235
-156,269
| -9% | -$2.3M |
|
|
SBE.U
8
DELISTED
Switchback Energy Acquisition Corporation
SBE.U
| $20M | 4.1% |
+2,000,000
| New | +$20M |
|
9
NGL Energy Partners
NGL
$2.05B
| $19.4M | 3.98% |
1,396,002
-269,592
| -16% | -$3.8M |
|
10
Western Midstream Partners
WES
$19.2B
| $19.1M | 3.91% |
766,862
-29,746
| -4% | -$791K |
|
|
11
Antero Resources
AR
$11.1B
| $19.1M | 3.91% |
6,310,811
+6,123,588
| +3,271% | +$25M |
|
|
EVA
12
DELISTED
Enviva Inc.
EVA
| $16.8M | 3.43% |
524,366
-214,084
| -29% | -$6.59M |
|
13
Cheniere Energy
LNG
$55.2B
| $12.7M | 2.61% |
201,881
-47,123
| -19% | -$3.02M |
|
|
KMF
14
DELISTED
Kayne Anderson NextGen Energy & Infrastructure, Inc.
KMF
| $12.4M | 2.55% |
1,149,128
+52,632
| +5% | +$581K |
|
|
AM
15
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $11.6M | 2.39% |
1,573,547
-358,504
| -19% | -$2.65M |
|
16
Kinetik
KNTK
$3.72B
| $10.7M | 2.2% |
378,541
+33,955
| +10% | +$1.02M |
|
17
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
| $10.6M | 2.18% |
734,592
+40,196
| +6% | +$596K |
|
|
NBL
18
DELISTED
Noble Energy, Inc.
NBL
| $10.1M | 2.06% |
448,178
-383,316
| -46% | -$8.54M |
|
|
19
Plains All American Pipeline
PAA
$17.3B
| $9.77M | 2% |
+470,958
| New | +$10.7M |
|
|
MMP
20
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $8.56M | 1.75% |
+129,192
| New | +$8.51M |
|
|
ARCH
21
DELISTED
Arch Resources, Inc.
ARCH
| $7.27M | 1.49% |
98,032
+34,287
| +54% | +$2.78M |
|
22
CVR Partners
UAN
$1.36B
| $6.33M | 1.3% |
163,170
-62,654
| -28% | -$2.32M |
|
|
BPMP
23
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $5.96M | 1.22% |
408,316
-39,000
| -9% | -$590K |
|
24
MPLX
MPLX
$59.3B
| $5.92M | 1.21% |
211,474
-106,833
| -34% | -$3.13M |
|
25
Natural Gas Services Group
NGS
$472M
| $5.77M | 1.18% |
450,731
+237,344
| +111% | +$3.25M |
|
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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.