Owl Creek Asset Management’s Hess HES Stock Holding History

Owl Creek Asset Management’s Portfolio HES Stock Details HES Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-1,417,650	Closed	-$134M	–	19
2014 Q3	$134M	Sell	1,417,650 -310,704	-18%	-$30.7M	6.64%	4
2014 Q2	$171M	Buy	1,728,354 +8,943	+0.5%	+$807K	8.4%	2
2014 Q1	$143M	Sell	1,719,411 -70,862	-4%	-$5.63M	4.09%	5
2013 Q4	$149M	Hold	1,790,273	–	–	7.81%	4
2013 Q3	$138M	Buy	1,790,273 +657,900	+58%	+$49M	6.26%	4
2013 Q2	$75.3M	Buy	+1,132,373	New	+$78.4M	3.98%	10

Other funds holding HES

Elliott Management New York $11.8B AUM 20.29% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

MNA

Manning & Napier Advisors Fairport, New York $7.09B AUM 17.35% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Owl Creek Asset Management's HES Position: Q4 2014 in Review

Owl Creek Asset Management sold out of Hess (HES) in Q4 2014, closing a stake of 1,417,650 shares — an estimated $134M sold.

Owl Creek Asset Management first reported a position in HES in Q2 2013 and held it in 6 quarters. The position peaked at $171M in Q2 2014. 603 funds tracked by Wall St. Rank hold HES as of Q4 2014.

Owl Creek Asset Management reported no remaining Hess position as of Q4 2014 after selling out during the quarter.
Owl Creek Asset Management sold 1,417,650 Hess shares in Q4 2014, an estimated $134M.
Owl Creek Asset Management first reported a position in Hess in Q2 2013 and held it in 6 quarters.
Owl Creek Asset Management's Hess position peaked at $171M in Q2 2014.
603 funds tracked by Wall St. Rank held Hess as of Q4 2014.

Based on Owl Creek Asset Management's 13F filing for Q4 2014, filed 17 Feb 2015.