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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
+10.64%
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
$666M
AUM Growth
+$236M
(+55%)
Cap. Flow
+$199M
Cap. Flow
% of AUM
29.95%
Top 10 Holdings %
Top 10 Hldgs %
29.77%
Holding
193
New
72
Increased
33
Reduced
41
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Targa Resources
TRGP
|
+$21.3M |
| 2 |
Entergy
ETR
|
+$19.2M |
| 3 |
STPC.U
Star Peak Corp II Units, each consisting of one share of Class A common stock and one-fourth of one
STPC.U
|
+$14.4M |
| 4 |
DHHCU
DiamondHead Holdings Corp. Unit
DHHCU
|
+$13.2M |
| 5 |
Clearway Energy Class C
CWEN
|
+$12.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
STPK.U
Star Peak Energy Transition Corp. Units, each consisting of one share of Class A common stock, and o
STPK.U
|
+$16.1M |
| 2 |
Cheniere Energy
LNG
|
+$11.6M |
| 3 |
SBE.U
Switchback Energy Acquisition Corporation
SBE.U
|
+$11.3M |
| 4 |
EOG Resources
EOG
|
+$9.67M |
| 5 |
MNRL
Brigham Minerals, Inc. Class A Common Stock
MNRL
|
+$7.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 29.87% |
| 2 | Energy | 28.12% |
| 3 | Industrials | 3.26% |
| 4 | Financials | 2.85% |
| 5 | Materials | 2.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Targa Resources
TRGP
$56.2B
| $35.5M | 5.34% |
1,119,149
+689,966
| +161% | +$21.3M |
|
|
2
Entergy
ETR
$52.4B
| $30.1M | 4.52% |
604,418
+407,150
| +206% | +$19.2M |
|
3
Devon Energy
DVN
$49.2B
| $20.4M | 3.06% |
932,014
+531,501
| +133% | +$10.9M |
|
4
Portland General Electric
POR
$5.92B
| $18.5M | 2.78% |
389,804
+184,548
| +90% | +$8.06M |
|
5
NextEra Energy
NEE
$186B
| $17.7M | 2.66% |
234,394
+153,561
| +190% | +$12M |
|
6
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.5B
| $15.6M | 2.34% |
120,040
-15,800
| -12% | -$2.1M |
|
7
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.4B
| $15.5M | 2.33% |
166,435
+34,100
| +26% | +$3.24M |
|
8
Alliant Energy
LNT
$19.1B
| $15.4M | 2.31% |
283,951
+81,187
| +40% | +$4.04M |
|
9
Viper Energy
VNOM
$8.21B
| $15.1M | 2.26% |
1,033,981
-78,300
| -7% | -$1.2M |
|
|
RDS.B
10
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $14.5M | 2.17% |
392,364
+7,928
| +2% | +$303K |
|
11
CenterPoint Energy
CNP
$29B
| $13.4M | 2.01% |
590,489
+138,305
| +31% | +$2.95M |
|
|
STPC.U
12
DELISTED
Star Peak Corp II Units, each consisting of one share of Class A common stock and one-fourth of one
STPC.U
| $13M | 1.96% |
+1,245,608
| New | +$14.4M |
|
|
DHHCU
13
DELISTED
DiamondHead Holdings Corp. Unit
DHHCU
| $12.4M | 1.87% |
+1,255,779
| New | +$13.2M |
|
14
Southern Company
SO
$109B
| $12.4M | 1.86% |
199,501
+76,007
| +62% | +$4.55M |
|
15
Evergy
EVRG
$19.7B
| $12.1M | 1.81% |
202,428
+157,828
| +354% | +$8.73M |
|
|
16
Clearway Energy Class C
CWEN
$4.9B
| $11.5M | 1.72% |
+407,811
| New | +$12.5M |
|
17
NiSource
NI
$21.9B
| $11.4M | 1.71% |
471,546
+259,080
| +122% | +$5.84M |
|
|
SPAQ.U
18
DELISTED
Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo
SPAQ.U
| $11.4M | 1.71% |
+1,132,273
| New | +$11.7M |
|
19
Xcel Energy
XEL
$50.1B
| $11.4M | 1.71% |
+170,746
| New | +$10.8M |
|
20
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.91B
| $11.1M | 1.66% |
109,164
-18,120
| -14% | -$1.9M |
|
21
CVR Energy
CVI
$3.39B
| $10.7M | 1.6% |
556,919
+365,491
| +191% | +$7.43M |
|
22
Diamondback Energy
FANG
$53.5B
| $10.6M | 1.59% |
144,246
+81,307
| +129% | +$5.57M |
|
23
Ameren
AEE
$31.1B
| $10.5M | 1.58% |
129,632
+80,293
| +163% | +$6.02M |
|
24
APA Corp
APA
$12.3B
| $10.2M | 1.53% |
570,085
+93,527
| +20% | +$1.71M |
|
25
Suncor Energy
SU
$75.4B
| $10.2M | 1.53% |
486,293
+217,680
| +81% | +$4.27M |
|
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HITE Hedge Asset Management's Q1 2021 Portfolio in Review
As of Q1 2021, HITE Hedge Asset Management held 193 positions worth $666M, up 55% from $430M the previous quarter. Its ten largest holdings account for 30% of the portfolio.
HITE Hedge Asset Management deployed $199M of net new capital in Q1 2021, opening 72 new positions and adding to 33 existing holdings. Its largest new stake was Star Peak Corp II Units, each consisting of one share of Class A common stock and one-fourth of one: 1,245,608 shares worth $13M.
By sector, the portfolio is most concentrated in Utilities at 30% of assets, up from 21% a quarter earlier, followed by Energy and Industrials.
On the sell side, the largest reduction was Rice Acquisition Corp. Units, each consisting of one share of our Class A common stock and one-half, an estimated $5.74M trimmed.
- HITE Hedge Asset Management's largest Q1 2021 buy was Star Peak Corp II Units, each consisting of one share of Class A common stock and one-fourth of one: 1,245,608 shares worth $13M.
- HITE Hedge Asset Management added most to Targa Resources in Q1 2021, an estimated $21.3M increase.
- HITE Hedge Asset Management's biggest Q1 2021 reduction was Rice Acquisition Corp. Units, each consisting of one share of our Class A common stock and one-half, cutting an estimated $5.74M.
- HITE Hedge Asset Management fully exited Star Peak Energy Transition Corp. Units, each consisting of one share of Class A common stock, and o in Q1 2021, selling an estimated $16.1M.
- HITE Hedge Asset Management's ten largest holdings make up 30% of its $666M portfolio in Q1 2021.
- HITE Hedge Asset Management opened 72 new positions and closed 32 in Q1 2021.
- HITE Hedge Asset Management's portfolio value rose 55% quarter-over-quarter to $666M.
Based on HITE Hedge Asset Management's 13F filing for Q1 2021, filed 17 May 2021.