PCM
HES

Pentwater Capital Management’s Hess HES Stock Holding History

Pentwater Capital 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
2025
Q3 		– Sell
-2,750,000
Closed -$381M – 124
2025
Q2 		$381M Hold
2,750,000
– – 2.47% 11
2025
Q1 		$439M Buy
2,750,000
+1,220,000
+80% +$179M 3.69% 9
2024
Q4 		$204M Buy
1,530,000
+750,000
+96% +$105M 2.25% 13
2024
Q3 		$106M Hold
780,000
– – 1.09% 20
2024
Q2 		$115M Sell
780,000
-2,381,800
-75% -$365M 1.47% 15
2024
Q1 		$483M Hold
3,161,800
– – 4.94% 6
2023
Q4 		$456M Buy
+3,161,800
New +$463M 5.11% 6

Other funds holding HES

DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return
Osaic Holdings
Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return
BIG
Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return
IA
IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
HNB
Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return
S
SignatureFD Atlanta, Georgia $7.49B AUM 24.82% 1-Year Est. Return

Pentwater Capital Management's HES Position: Q3 2025 in Review

Pentwater Capital Management sold out of Hess (HES) in Q3 2025, closing a stake of 7,320,000 shares — an estimated $1.01B sold.

Pentwater Capital Management first reported a position in HES in Q4 2023 and held it in 7 quarters. The position peaked at $1.01B in Q2 2025. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

  • Pentwater Capital Management reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
  • Pentwater Capital Management sold 7,320,000 Hess shares in Q3 2025, an estimated $1.01B.
  • Pentwater Capital Management first reported a position in Hess in Q4 2023 and held it in 7 quarters.
  • Pentwater Capital Management's Hess position peaked at $1.01B in Q2 2025.
  • 7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on Pentwater Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.