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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
+8.17%
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
$1.21B
AUM Growth
+$23.2M
(+2%)
Cap. Flow
-$54.7M
Cap. Flow
% of AUM
-4.52%
Top 10 Holdings %
Top 10 Hldgs %
52.91%
Holding
105
New
17
Increased
25
Reduced
25
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTE Energy
DTE
|
+$49.3M |
| 2 |
PPL
PPL Corp
PPL
|
+$22.8M |
| 3 |
Chord Energy
CHRD
|
+$18.4M |
| 4 |
SWN
Southwestern Energy Company
SWN
|
+$17.3M |
| 5 |
ConocoPhillips
COP
|
+$17M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PDCE
PDC Energy, Inc.
PDCE
|
+$43.2M |
| 2 |
Targa Resources
TRGP
|
+$40.1M |
| 3 |
LFG
Archaea Energy Inc.
LFG
|
+$30.6M |
| 4 |
Williams Companies
WMB
|
+$28.7M |
| 5 |
Ovintiv
OVV
|
+$24.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Utilities | 51.97% |
| 2 | Energy | 38.46% |
| 3 | Consumer Discretionary | 3.17% |
| 4 | Materials | 2.69% |
| 5 | Industrials | 2.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Entergy
ETR
$51B
| $120M | 9.94% |
2,139,576
+122,284
| +6% | +$6.7M |
|
2
NiSource
NI
$21.7B
| $110M | 9.06% |
4,002,784
+62,057
| +2% | +$1.63M |
|
|
3
DTE Energy
DTE
$30.2B
| $87.2M | 7.2% |
742,036
+435,255
| +142% | +$49.3M |
|
|
4
Ovintiv
OVV
$16.9B
| $65.8M | 5.43% |
1,296,647
-464,996
| -26% | -$24.3M |
|
|
5
Targa Resources
TRGP
$57.4B
| $60M | 4.95% |
815,812
-574,313
| -41% | -$40.1M |
|
6
Diamondback Energy
FANG
$55.9B
| $55.5M | 4.59% |
405,937
-22,711
| -5% | -$3.32M |
|
7
Portland General Electric
POR
$5.87B
| $38.7M | 3.19% |
789,038
-94,017
| -11% | -$4.36M |
|
8
Exelon
EXC
$48.2B
| $37.4M | 3.09% |
864,823
-586,632
| -40% | -$23.2M |
|
9
Clearway Energy Class C
CWEN
$4.76B
| $34.9M | 2.88% |
1,094,232
+202,471
| +23% | +$6.82M |
|
10
Evergy
EVRG
$19.6B
| $31.2M | 2.58% |
495,903
+71,255
| +17% | +$4.28M |
|
11
Pembina Pipeline
PBA
$29.3B
| $29.6M | 2.44% |
872,293
+446,796
| +105% | +$15M |
|
12
Ameren
AEE
$30.7B
| $28.7M | 2.37% |
322,223
+24,300
| +8% | +$2.04M |
|
13
CMS Energy
CMS
$23B
| $25.4M | 2.1% |
401,678
+96,678
| +32% | +$5.72M |
|
14
FirstEnergy
FE
$28.8B
| $24.6M | 2.04% |
587,729
+49,629
| +9% | +$1.94M |
|
|
PPL
15
PPL Corp
PPL
$27.3B
| $24.3M | 2% |
+830,000
| New | +$22.8M |
|
16
Northern Oil and Gas
NOG
$2.24B
| $23.9M | 1.98% |
776,124
+416,995
| +116% | +$14M |
|
17
New Fortress Energy
NFE
$95.1M
| $22.8M | 1.89% |
538,212
+277,006
| +106% | +$13.4M |
|
|
SWN
18
DELISTED
Southwestern Energy Company
SWN
| $22.8M | 1.88% |
3,891,972
+2,638,688
| +211% | +$17.3M |
|
19
Xcel Energy
XEL
$49.6B
| $22.2M | 1.83% |
316,445
-39,138
| -11% | -$2.6M |
|
20
SM Energy
SM
$7.45B
| $21.1M | 1.74% |
605,558
-301,070
| -33% | -$12.5M |
|
|
21
Chord Energy
CHRD
$7.61B
| $17.2M | 1.42% |
+125,564
| New | +$18.4M |
|
|
22
ConocoPhillips
COP
$144B
| $16.5M | 1.36% |
+139,558
| New | +$17M |
|
|
EXE
23
Expand Energy Corp
EXE
$22.1B
| $15.2M | 1.25% |
160,652
-34,310
| -18% | -$3.4M |
|
|
PDCE
24
DELISTED
PDC Energy, Inc.
PDCE
| $14.1M | 1.16% |
221,751
-618,740
| -74% | -$43.2M |
|
25
Stem
STEM
$46.1M
| $13.3M | 1.1% |
74,570
+15,929
| +27% | +$3.83M |
|
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HITE Hedge Asset Management's Q4 2022 Portfolio in Review
As of Q4 2022, HITE Hedge Asset Management held 105 positions worth $1.21B, up 2% from $1.19B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
HITE Hedge Asset Management withdrew a net $54.7M in Q4 2022, closing 24 positions and reducing 25 holdings. Its most notable exit was Archaea Energy Inc., an estimated $30.6M position sold in full.
By sector, the portfolio is most concentrated in Utilities at 52% of assets, up from 47% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, HITE Hedge Asset Management opened a new position in PPL Corp worth $24.3M.
- HITE Hedge Asset Management's largest Q4 2022 buy was PPL Corp: 830,000 shares worth $24.3M.
- HITE Hedge Asset Management added most to DTE Energy in Q4 2022, an estimated $49.3M increase.
- HITE Hedge Asset Management's biggest Q4 2022 reduction was PDC Energy, Inc., cutting an estimated $43.2M.
- HITE Hedge Asset Management fully exited Archaea Energy Inc. in Q4 2022, selling an estimated $30.6M.
- HITE Hedge Asset Management's ten largest holdings make up 53% of its $1.21B portfolio in Q4 2022.
- HITE Hedge Asset Management opened 17 new positions and closed 24 in Q4 2022.
- HITE Hedge Asset Management's portfolio value rose 2% quarter-over-quarter to $1.21B.
Based on HITE Hedge Asset Management's 13F filing for Q4 2022, filed 14 Feb 2023.