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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
-47.78%
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
$312M
AUM Growth
-$187M
(-37%)
Cap. Flow
+$157M
Cap. Flow
% of AUM
50.14%
Top 10 Holdings %
Top 10 Hldgs %
69.39%
Holding
129
New
36
Increased
13
Reduced
13
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Williams Companies
WMB
|
+$71.2M |
| 2 |
NBL
Noble Energy, Inc.
NBL
|
+$54.2M |
| 3 |
Viper Energy
VNOM
|
+$40.6M |
| 4 |
ConocoPhillips
COP
|
+$31M |
| 5 |
MPLX
MPLX
|
+$30.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STR
Sitio Royalties
STR
|
+$38.9M |
| 2 |
Energy Transfer Partners
ET
|
+$18.9M |
| 3 |
AM
ANTERO MIDSTREAM PARTNERS LP
AM
|
+$18M |
| 4 |
NBLX
Noble Midstream Partners LP
NBLX
|
+$16.4M |
| 5 |
NGL Energy Partners
NGL
|
+$16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 69.93% |
| 2 | Industrials | 7.73% |
| 3 | Utilities | 5.65% |
| 4 | Materials | 1.61% |
| 5 | Technology | 1.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Williams Companies
WMB
$85.8B
| $52M | 16.66% |
+3,675,818
| New | +$71.2M |
|
|
2
Viper Energy
VNOM
$8.21B
| $34.3M | 10.99% |
5,176,146
+2,233,330
| +76% | +$40.6M |
|
|
3
MPLX
MPLX
$60.1B
| $21.6M | 6.91% |
1,856,233
+1,492,224
| +410% | +$30.6M |
|
|
NBL
4
DELISTED
Noble Energy, Inc.
NBL
| $21.3M | 6.82% |
3,523,676
+3,380,482
| +2,361% | +$54.2M |
|
|
SBE.U
5
DELISTED
Switchback Energy Acquisition Corporation
SBE.U
| $19.5M | 6.24% |
2,000,000
| – | – |
|
|
6
ConocoPhillips
COP
$139B
| $19.2M | 6.15% |
623,223
+608,387
| +4,101% | +$31M |
|
|
RTLR
7
DELISTED
Rattler Midstream LP Common Units
RTLR
| $13.7M | 4.4% |
3,945,248
+1,564,812
| +66% | +$19.2M |
|
8
NRG Energy
NRG
$26.9B
| $13.5M | 4.33% |
+495,646
| New | +$17.1M |
|
|
MMP
9
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $11.5M | 3.69% |
+315,981
| New | +$17M |
|
|
EVA
10
DELISTED
Enviva Inc.
EVA
| $10M | 3.21% |
375,507
-146,650
| -28% | -$5.1M |
|
11
Chevron
CVX
$374B
| $7.25M | 2.32% |
+100,100
| New | +$9.89M |
|
12
Kinetik
KNTK
$3.64B
| $5.5M | 1.76% |
733,828
+84,047
| +13% | +$1.51M |
|
|
BPMP
13
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $5.12M | 1.64% |
550,031
-61,449
| -10% | -$799K |
|
|
EQM
14
DELISTED
EQM Midstream Partners, LP
EQM
| $4.73M | 1.52% |
401,157
-54,650
| -12% | -$1.11M |
|
15
TotalEnergies
TTE
$187B
| $4.66M | 1.49% |
+125,169
| New | +$5.63M |
|
16
Plains All American Pipeline
PAA
$17.2B
| $4.26M | 1.36% |
806,991
+630,732
| +358% | +$8.65M |
|
17
Cheniere Energy
LNG
$52.8B
| $3.61M | 1.16% |
107,814
-35,736
| -25% | -$1.83M |
|
|
ARCH
18
DELISTED
Arch Resources, Inc.
ARCH
| $3.42M | 1.09% |
118,246
+85,167
| +257% | +$4.36M |
|
19
Natural Gas Services Group
NGS
$460M
| $3.1M | 0.99% |
695,116
-11,972
| -2% | -$112K |
|
20
Hess Midstream
HESM
$5.13B
| $3.02M | 0.97% |
+297,027
| New | +$5.59M |
|
21
Enterprise Products Partners
EPD
$83.6B
| $2.92M | 0.93% |
204,080
-252,791
| -55% | -$5.87M |
|
22
Jacobs Solutions
J
$16.6B
| $2.88M | 0.92% |
43,886
+27,310
| +165% | +$2.05M |
|
|
NBLX
23
DELISTED
Noble Midstream Partners LP
NBLX
| $2.48M | 0.8% |
709,691
-981,131
| -58% | -$16.4M |
|
24
Targa Resources
TRGP
$56.2B
| $2.43M | 0.78% |
351,200
-299,403
| -46% | -$8.9M |
|
|
SHLL.U
25
DELISTED
Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
SHLL.U
| $2.42M | 0.78% |
250,000
-250,000
| -50% | -$2.54M |
|
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HITE Hedge Asset Management's Q1 2020 Portfolio in Review
As of Q1 2020, HITE Hedge Asset Management held 129 positions worth $312M, down 37% from $499M the previous quarter. Its ten largest holdings account for 69% of the portfolio.
HITE Hedge Asset Management deployed $157M of net new capital in Q1 2020, opening 36 new positions and adding to 13 existing holdings. Its largest new stake was Williams Companies: 3,675,818 shares worth $52M.
By sector, the portfolio is most concentrated in Energy at 70% of assets, up from 67% a quarter earlier, followed by Industrials and Utilities.
On the sell side, the largest reduction was Noble Midstream Partners LP, an estimated $16.4M trimmed.
- HITE Hedge Asset Management's largest Q1 2020 buy was Williams Companies: 3,675,818 shares worth $52M.
- HITE Hedge Asset Management added most to Noble Energy, Inc. in Q1 2020, an estimated $54.2M increase.
- HITE Hedge Asset Management's biggest Q1 2020 reduction was Noble Midstream Partners LP, cutting an estimated $16.4M.
- HITE Hedge Asset Management fully exited Sitio Royalties in Q1 2020, selling an estimated $38.9M.
- HITE Hedge Asset Management's ten largest holdings make up 69% of its $312M portfolio in Q1 2020.
- HITE Hedge Asset Management opened 36 new positions and closed 61 in Q1 2020.
- HITE Hedge Asset Management's portfolio value fell 37% quarter-over-quarter to $312M.
Based on HITE Hedge Asset Management's 13F filing for Q1 2020, filed 14 May 2020.