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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
+0.51%
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
$866M
AUM Growth
-$471M
(-35%)
Cap. Flow
-$475M
Cap. Flow
% of AUM
-54.85%
Top 10 Holdings %
Top 10 Hldgs %
43.39%
Holding
115
New
20
Increased
24
Reduced
35
Closed
27
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PR
Permian Resources
PR
|
+$21.9M |
| 2 |
Kodiak Gas Services
KGS
|
+$17.6M |
| 3 |
Spire
SR
|
+$17.5M |
| 4 |
Toyota
TM
|
+$14.2M |
| 5 |
MRO
Marathon Oil Corporation
MRO
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTE Energy
DTE
|
+$56.2M |
| 2 |
ConocoPhillips
COP
|
+$42.7M |
| 3 |
Murphy Oil
MUR
|
+$42.6M |
| 4 |
Targa Resources
TRGP
|
+$37.5M |
| 5 |
Entergy
ETR
|
+$36.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 43.02% |
| 2 | Utilities | 36.61% |
| 3 | Consumer Discretionary | 9.8% |
| 4 | Industrials | 3.73% |
| 5 | Materials | 3.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
New Fortress Energy
NFE
$94.3M
| $59.4M | 6.86% |
2,218,542
-155,531
| -7% | -$4.51M |
|
2
NiSource
NI
$21.9B
| $54.5M | 6.29% |
1,991,509
-1,102,347
| -36% | -$30.6M |
|
|
3
Entergy
ETR
$52.4B
| $42.1M | 4.87% |
865,608
-696,188
| -45% | -$36.1M |
|
4
Portland General Electric
POR
$5.92B
| $40.2M | 4.64% |
857,653
+45,082
| +6% | +$2.23M |
|
5
Exelon
EXC
$48.4B
| $35.4M | 4.09% |
869,790
+23,310
| +3% | +$964K |
|
|
6
Targa Resources
TRGP
$56.2B
| $35.1M | 4.05% |
461,058
-517,316
| -53% | -$37.5M |
|
7
Diamondback Energy
FANG
$53.5B
| $28.7M | 3.31% |
218,303
-11,173
| -5% | -$1.5M |
|
|
PR
8
Permian Resources
PR
$16.5B
| $27.6M | 3.18% |
2,513,844
+2,142,198
| +576% | +$21.9M |
|
9
EQT Corp
EQT
$32.3B
| $26.7M | 3.08% |
648,182
-59,125
| -8% | -$2.09M |
|
10
Pembina Pipeline
PBA
$29B
| $26M | 3% |
826,165
-580,704
| -41% | -$18.5M |
|
11
Clearway Energy Class C
CWEN
$4.9B
| $25.4M | 2.94% |
890,899
-302,608
| -25% | -$9.15M |
|
|
12
Toyota
TM
$221B
| $21.9M | 2.53% |
136,071
+98,374
| +261% | +$14.2M |
|
13
Atlas Energy Solutions
AESI
$1.37B
| $21.5M | 2.49% |
1,240,337
+40,337
| +3% | +$703K |
|
|
14
Spire
SR
$4.88B
| $20.5M | 2.37% |
322,782
+261,206
| +424% | +$17.5M |
|
15
Cenovus Energy
CVE
$51.6B
| $19.5M | 2.25% |
1,147,424
-672,730
| -37% | -$11.3M |
|
|
16
Kodiak Gas Services
KGS
$5.7B
| $17.9M | 2.06% |
+1,100,000
| New | +$17.6M |
|
17
Ameren
AEE
$31.1B
| $17.1M | 1.97% |
208,945
-62,646
| -23% | -$5.37M |
|
|
18
DTE Energy
DTE
$30.4B
| $17.1M | 1.97% |
155,092
-504,121
| -76% | -$56.2M |
|
19
Northern Oil and Gas
NOG
$2.16B
| $15.4M | 1.78% |
448,639
-628,360
| -58% | -$20.4M |
|
20
Alliant Energy
LNT
$19.1B
| $14.5M | 1.67% |
275,718
-391,762
| -59% | -$21M |
|
21
General Motors
GM
$81.7B
| $14.4M | 1.67% |
374,552
+127,868
| +52% | +$4.42M |
|
|
MRO
22
DELISTED
Marathon Oil Corporation
MRO
| $12.4M | 1.43% |
+537,035
| New | +$12.6M |
|
23
SM Energy
SM
$7.11B
| $11.8M | 1.36% |
373,458
+100,494
| +37% | +$2.84M |
|
24
NXP Semiconductors
NXPI
$65.4B
| $11.1M | 1.28% |
54,263
+12,278
| +29% | +$2.18M |
|
25
Range Resources
RRC
$8.94B
| $11.1M | 1.28% |
376,570
-435,392
| -54% | -$11.9M |
|
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HITE Hedge Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, HITE Hedge Asset Management held 115 positions worth $866M, down 35% from $1.34B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
HITE Hedge Asset Management withdrew a net $475M in Q2 2023, closing 27 positions and reducing 35 holdings. Its most notable exit was Xcel Energy, an estimated $27.2M position sold in full.
By sector, the portfolio is most concentrated in Energy at 43% of assets, down from 43% a quarter earlier, followed by Utilities and Consumer Discretionary.
Against the trend, HITE Hedge Asset Management opened a new position in Kodiak Gas Services worth $17.9M.
- HITE Hedge Asset Management's largest Q2 2023 buy was Kodiak Gas Services: 1,100,000 shares worth $17.9M.
- HITE Hedge Asset Management added most to Permian Resources in Q2 2023, an estimated $21.9M increase.
- HITE Hedge Asset Management's biggest Q2 2023 reduction was DTE Energy, cutting an estimated $56.2M.
- HITE Hedge Asset Management fully exited Xcel Energy in Q2 2023, selling an estimated $27.2M.
- HITE Hedge Asset Management's ten largest holdings make up 43% of its $866M portfolio in Q2 2023.
- HITE Hedge Asset Management opened 20 new positions and closed 27 in Q2 2023.
- HITE Hedge Asset Management's portfolio value fell 35% quarter-over-quarter to $866M.
Based on HITE Hedge Asset Management's 13F filing for Q2 2023, filed 11 Aug 2023.