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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
+0.68%
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
$870M
AUM Growth
-$152M
(-15%)
Cap. Flow
-$124M
Cap. Flow
% of AUM
-14.25%
Top 10 Holdings %
Top 10 Hldgs %
39.95%
Holding
120
New
22
Increased
37
Reduced
24
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VRN
Veren
VRN
|
+$75.6M |
| 2 |
Lithia Motors
LAD
|
+$29.4M |
| 3 |
NextEra Energy
NEE
|
+$23.8M |
| 4 |
Antero Resources
AR
|
+$22.8M |
| 5 |
Xcel Energy
XEL
|
+$15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMS Energy
CMS
|
+$42.9M |
| 2 |
Portland General Electric
POR
|
+$34.1M |
| 3 |
Gulfport Energy Corp
GPOR
|
+$32.9M |
| 4 |
Talos Energy
TALO
|
+$30.9M |
| 5 |
NiSource
NI
|
+$27.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 46.9% |
| 2 | Utilities | 35.11% |
| 3 | Consumer Discretionary | 13.29% |
| 4 | Technology | 2.32% |
| 5 | Materials | 0.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
VRN
1
DELISTED
Veren
VRN
| $65.2M | 7.49% |
+10,579,297
| New | +$75.6M |
|
2
DTE Energy
DTE
$29.5B
| $41.8M | 4.8% |
325,260
-26,072
| -7% | -$3.14M |
|
|
3
Portland General Electric
POR
$5.8B
| $36.2M | 4.16% |
755,576
-729,523
| -49% | -$34.1M |
|
|
4
Lithia Motors
LAD
$8.47B
| $34.2M | 3.93% |
107,629
+105,611
| +5,233% | +$29.4M |
|
5
Entergy
ETR
$50.2B
| $31.5M | 3.62% |
478,776
-377,870
| -44% | -$22.3M |
|
6
Chord Energy
CHRD
$7.9B
| $30.2M | 3.47% |
232,052
+14,405
| +7% | +$2.21M |
|
7
ConocoPhillips
COP
$147B
| $28M | 3.21% |
265,693
-82,606
| -24% | -$9.07M |
|
|
8
Antero Resources
AR
$11.1B
| $27.4M | 3.14% |
954,685
+804,851
| +537% | +$22.8M |
|
|
9
Gulfport Energy Corp
GPOR
$2.9B
| $27M | 3.1% |
178,288
-223,993
| -56% | -$32.9M |
|
|
10
NiSource
NI
$21.3B
| $26.3M | 3.03% |
759,910
-858,009
| -53% | -$27.4M |
|
|
11
NextEra Energy
NEE
$181B
| $25.8M | 2.96% |
+305,224
| New | +$23.8M |
|
|
12
CMS Energy
CMS
$22.6B
| $25.1M | 2.89% |
355,566
-653,627
| -65% | -$42.9M |
|
|
13
Xcel Energy
XEL
$48.8B
| $20.7M | 2.38% |
317,117
+252,793
| +393% | +$15M |
|
|
OKLO
14
Oklo
OKLO
$6.76B
| $19.8M | 2.27% |
2,441,630
-1,478,789
| -38% | -$11.1M |
|
|
ENLC
15
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $19.7M | 2.26% |
1,357,232
-645,703
| -32% | -$8.88M |
|
16
Evergy
EVRG
$19.1B
| $18.9M | 2.18% |
305,528
-83,887
| -22% | -$4.88M |
|
17
Toyota
TM
$224B
| $18.6M | 2.14% |
104,050
-15,134
| -13% | -$2.83M |
|
|
CTRA
18
DELISTED
Coterra Energy
CTRA
| $17M | 1.95% |
707,729
+567,934
| +406% | +$14M |
|
19
New Fortress Energy
NFE
$92.1M
| $16.9M | 1.94% |
1,857,493
-1,334,636
| -42% | -$20.6M |
|
20
Exelon
EXC
$47.2B
| $16.1M | 1.84% |
395,840
+321,333
| +431% | +$12.1M |
|
21
Ameren
AEE
$30.3B
| $15.2M | 1.75% |
173,771
+126,157
| +265% | +$10.1M |
|
|
CIVI
22
DELISTED
Civitas Resources
CIVI
| $14.7M | 1.69% |
290,863
+80,534
| +38% | +$4.99M |
|
23
NXP Semiconductors
NXPI
$57.8B
| $13.4M | 1.55% |
+56,018
| New | +$14M |
|
24
Ovintiv
OVV
$17.3B
| $13.1M | 1.5% |
341,628
-101,730
| -23% | -$4.4M |
|
25
Autoliv
ALV
$9.02B
| $12.6M | 1.45% |
135,424
+33,490
| +33% | +$3.34M |
|
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HITE Hedge Asset Management's Q3 2024 Portfolio in Review
As of Q3 2024, HITE Hedge Asset Management held 120 positions worth $870M, down 15% from $1.02B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
HITE Hedge Asset Management withdrew a net $124M in Q3 2024, closing 35 positions and reducing 24 holdings. Its most notable exit was Talos Energy, an estimated $30.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 47% of assets, down from 48% a quarter earlier, followed by Utilities and Consumer Discretionary.
Against the trend, HITE Hedge Asset Management opened a new position in Veren worth $65.2M.
- HITE Hedge Asset Management's largest Q3 2024 buy was Veren: 10,579,297 shares worth $65.2M.
- HITE Hedge Asset Management added most to Lithia Motors in Q3 2024, an estimated $29.4M increase.
- HITE Hedge Asset Management's biggest Q3 2024 reduction was CMS Energy, cutting an estimated $42.9M.
- HITE Hedge Asset Management fully exited Talos Energy in Q3 2024, selling an estimated $30.9M.
- HITE Hedge Asset Management's ten largest holdings make up 40% of its $870M portfolio in Q3 2024.
- HITE Hedge Asset Management opened 22 new positions and closed 35 in Q3 2024.
- HITE Hedge Asset Management's portfolio value fell 15% quarter-over-quarter to $870M.
Based on HITE Hedge Asset Management's 13F filing for Q3 2024, filed 14 Nov 2024.