Telemark Asset Management’s Hess HES Stock Holding History

Telemark 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
2023 Q4	–	Sell	-250,000	Closed	-$38.3M	–	54
2023 Q3	$38.3M	Buy	250,000 +50,000	+25%	+$7.53M	5.8%	3
2023 Q2	$27.2M	Buy	200,000 +20,000	+11%	+$2.74M	3.69%	6
2023 Q1	$23.8M	Sell	180,000 -170,000	-49%	-$23.7M	3.54%	13
2022 Q4	$49.6M	Hold	350,000	–	–	7.53%	2
2022 Q3	$38.1M	Buy	350,000 +100,000	+40%	+$11.1M	5.99%	2
2022 Q2	$26.5M	Sell	250,000 -250,000	-50%	-$28.3M	4.48%	6
2022 Q1	$53.5M	Buy	500,000 +50,000	+11%	+$4.74M	4.73%	3
2021 Q4	$33.3M	Buy	450,000 +150,000	+50%	+$12.2M	2.38%	9
2021 Q3	$23.4M	Sell	300,000 -50,000	-14%	-$3.68M	1.7%	19
2021 Q2	$30.6M	Buy	350,000 +180,000	+106%	+$14.5M	2.44%	9
2021 Q1	$12M	Buy	+170,000	New	+$10.9M	1.02%	38
2020 Q1	–	Sell	-300,000	Closed	-$20M	–	54
2019 Q4	$20M	Buy	+300,000	New	+$19.6M	2.9%	12
2018 Q4	–	Sell	-500,000	Closed	-$35.8M	–	30
2018 Q3	$35.8M	Buy	500,000 +200,000	+67%	+$13.2M	4.46%	4
2018 Q2	$20.1M	Buy	+300,000	New	+$17.9M	2.53%	13

Other funds holding HES

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

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

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

HBK Investments Dallas, Texas $9.85B AUM 55.6% 1-Year Est. Return

Primecap Management Pasadena, California $127B AUM 44.11% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

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

Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return

Telemark Asset Management's HES Position: Q4 2023 in Review

Telemark Asset Management sold out of Hess (HES) in Q4 2023, closing a stake of 250,000 shares — an estimated $38.3M sold.

Telemark Asset Management first reported a position in HES in Q2 2018 and held it in 14 quarters. The position peaked at $53.5M in Q1 2022. 839 funds tracked by Wall St. Rank hold HES as of Q4 2023.

Telemark Asset Management reported no remaining Hess position as of Q4 2023 after selling out during the quarter.
Telemark Asset Management sold 250,000 Hess shares in Q4 2023, an estimated $38.3M.
Telemark Asset Management first reported a position in Hess in Q2 2018 and held it in 14 quarters.
Telemark Asset Management's Hess position peaked at $53.5M in Q1 2022.
839 funds tracked by Wall St. Rank held Hess as of Q4 2023.

Based on Telemark Asset Management's 13F filing for Q4 2023, filed 12 Feb 2024.